Cleanroom Acquisitions May 2022
·
CWS buys STAX a Benelux cleanroom distributor
·
MDI Modular Devices buys Cardiac Services Mobile
·
AirCare Automaton, FFU controls supplier,
acquired by FAIX Capital
·
G-CON
buys Pasteurop
·
Elis
expands in Mexico with acquisition of
garment leaser
·
Asgard-Angstrom buys
UK Cleanroom supplier SEL
CWS buys STAX a Benelux cleanroom distributor
CWS Cleanrooms, a member company of the CWS
Group, takes over STAXS Contamination Control
Experts, a leading distributor of cleanroom
consumables for the life sciences and other
industries in the broader Benelux region.
This acquisition by CWS Cleanrooms is a further
stage in the expansion of its cleanroom services
in Europe. The seller is Silverfleet Capital, a
pan-European private equity company. The parties
have agreed to keep the purchase price
confidential. The transaction is planned for
completion in late May 2022 and is subject to no
further closing conditions.
The acquisition is an important step in
implementing the company’s growth strategy, as
Markus Schad, Managing Director of CWS
Cleanrooms, knows: "This acquisition represents
a further stage in the expansion of our
international portfolio of services for our
customers in the highly specialised cleanroom
segment. We at CWS Cleanrooms are Europe's first
one-stop shop provider of textile services,
cleaning, training, on-site services and
consumables. Together with the existing
management team, we will further strengthen the
positioning of CWS Cleanrooms in Europe."
MDI Modular Devices buys Cardiac Services Mobile
MDI Modular Devices, a provider of mobile cath
labs and mobile cleanrooms, has announced the
acquisition of a mobile cath lab company out of
Nashville, TN that serves the US markets.
The acquisition of Cardiac Services Mobile
builds on Modular Devices' position as a premier
provider of mobile cardiac cath, peripheral
vascular, electrophysiology (EP) and mobile CT
labs for the rapidly growing US mobile imaging
market.
Modular Devices, based in Indianapolis, IN, is a
long-time driver of innovation in the mobile
cath lab industry. The company's imaging
division provides a comprehensive fleet of
temporary interim cath, IR, EP and CT labs
serving the hospital, ambulatory surgery center
(ASC) and outpatient-based lab (OBL) markets.
Modular Devices' interim labs add value for
healthcare facilities of all sizes, helping take
the guesswork out of how to continue services
during imaging lab renovation projects and how
to start-up or expand a service line when no
space is available inside the current footprint
of the healthcare facility.
"Following on the heels of the recent
acquisition of Modular Devices by O2 Investment
Partners in Bloomfield Hills, Michigan, this is
the first step of our strategic plan to grow our
market share and product offering," said Greg
Mink, CEO of Modular Devices. "The addition of
Cardiac Services Mobile allows us to meet the
market demands of our growing customer base as
we upgrade the imaging capabilities in Cardiac
Service's mobile labs. The acquisition adds
nearly 33% more capacity to our existing
infrastructure."
The addition of Cardiac Services Mobile's
interim cath lab fleet and its team of industry
professionals complements and strengthens
Modular Devices' rapidly growing mobile imaging
business. The combination will allow for
increased efficiencies and newer digital x-ray
system upgrades to the interim lab fleet, while
providing healthcare facilities with better
access to safe and reliable high-quality interim
lab solutions.
Going forward, Modular Devices will be the
largest mobile company focused on temporary,
interim cardiac catheterisation, peripheral
vascular, Electrophysiology (EP) and CT labs.
Modular Devices' offers both Mobile Labs (coach
on wheels) and larger Modular Labs. Mobile Labs
are used primarily as short-term solutions
lasting 2-5 months while the larger Modular Labs
are the ideal solution for more complicated
procedures and longer-term lengths of 6-12
months or longer.
AirCare Automaton, FFU controls supplier,
acquired by FAIX Capital
AirCare Automation has been acquired by the
private investment firm, Falx Capital. The
recapitalisation by Falx was completed on 31st
March 2022.
Recapitalisation is the process of restructuring
a company's debt and equity mixture.
The announcement has been made by Generational
Equity, who advised the finances of the
acquisition.
AirCare Automation is a Texas-based supplier of
cleanroom Fan Filter Unit (FFU) Control Systems
for regulated air control environments.
Established in 2003, the company has
increasingly combined expertise in AC motor
speed control, ECM fan motor interfaces, and
Cleanroom Control Systems (Consoles and
environmental sensors) to provide a total
support package for monitoring and controlling
cleanroom environments.
Originally established as a controls supplier to
downstream OEM FFU markets, in the past several
years the company has evolved its services to
include complete controls and system integration
packages to new and existing sites.
G-CON
buys Pasteurop
The monolithic cleanroom wall panels and doors
specialist Plasteurop has been acquired by G-CON
and will become G-CON Clean Components SAS
Plasteurop's core competence is the automated
production of monolithic cleanroom wall panels
and doors. These components are used in a
variety of industries with stringent standards
for cleanliness and quality.
Plasteurop was founded in 1978 and acquired by
Panelco SAS in 2004. Since then, the company has
produced numerous highly innovative products and
has received multiple awards for innovations in
the cleanroom infrastructure market.
"We have enjoyed working with Plasteurop on many
projects and have been impressed by their robust
delivery timelines and high quality of the
supplied components," said
Maik Jornitz,
President and CEO of G-CON. "This acquisition is
a natural progression, adding these critical
components into our product portfolio so we are
able to serve our customer base with a broader
range of bioprocess space infrastructures. The
vertical integration of these cleanroom
components will also accelerate our already
rapid delivery times and enhance the delivery
schedule certainty, all to the benefit of the
global patient."
Plasteurop will become G-CON Clean Components
SAS, with Philippe Calland remaining as the
President of the independent subsidiary.
"Our desire is to accelerate the growth and
further the innovative power of Panelco by
joining G-CON, which we see as
industry-transforming prefabricated cleanroom
supplier. The joint vision and values of the
companies and combined product portfolio will
advance our market leadership as total cleanroom
infrastructure provider," said Philippe Calland,
President of Panelco. "This enables us to
deliver sustainable healthcare processing spaces
faster and in a much more cost-effective way."
G-CON has also made recent strides in Europe
with the launch
of its POD range in
the continent.
Elis
expands in Mexico with acquisition of
garment leaser
After Brazil, Chile and Colombia, Elis enters a
new country in Latin America with the
acquisition of a leaser on the Mexican market.
Elis, an international multi-service provider,
offer textile, hygiene, and facility services
solutions. Present in Europe, the company has
continued its expansion in Latin America with
the acquisition of the only Mexican player with
national coverage.
Created one century ago, this family business
mainly supplies flat linen and workwear,
operates 11 plants and 12 distribution centres.
It generates a turnover of c. €74m ($81.4m)
mainly with clients in the healthcare market,
but as well in hotels & restaurants and in
industry.
This is 2,600 employees that are joining the
group Elis. The management will continue to run
and develop the business.
The transaction should be finalised by the end
of July 2022.
Asgard-Angstrom buys
UK Cleanroom supplier SEL
Angstrom Technology has announced its third
acquisition in six months, after acquiring UK-based
C2C in
January.
The West Michigan cleanroom engineering company
and portfolio company of ASGARD has acquired
UK-based Specific Environments Limited (SEL).
This acquisition will bring Angstrom
Technology's cleanroom expertise to greater
markets throughout Europe and will build on the
organisation's specialised design and
engineering capabilities.
As part of the transaction, Peter Saunders,
Managing Director of SEL, will continue to lead
the business alongside the existing management
team.
his is another big milestone for Angstrom," said
Matt Isard, CEO of Angstrom. "SEL's strong
design and engineering capabilities will give
Angstrom a more integrated commercial approach
and allow us to work even more collaboratively
with our customers to drive value. This
acquisition accelerates the next stage of growth
for the organisation all while retaining our
core values and commitment to quality, service,
and innovation."
Karan Rai, Managing Partner of ASGARD, said:
"The SEL acquisition adds a significant in-house
design and engineering competence to our
existing platform. We are committed to building
a highly customer-centric and full-service
global company in this space. This is our third
add-on acquisition to the Angstrom platform in
the past six months and is just the continuation
of a long-term growth strategy focused on
consolidating the cleanroom and controlled
environment industry. We are excited to welcome
the talented SEL team into the Angstrom family."
Peter Saunders, Managing Director of SEL, said:
"We believe this partnership will help us meet
the growing demand from our customers and enable
us to work with larger organisations in
delivering fully customisable and turnkey
cleanrooms. I believe the combined company is
poised for significant growth as it continues to
expand its global footprint."
"With this acquisition, Angstrom adds tremendous
design and engineering capabilities along with a
highly experienced team," added Robert Beall,
Partner at ASGARD. "SEL is a leader in the
cleanroom industry and serves the world's most
sophisticated pharma/biotech clients. We believe
our ability to attract industry-leading talent
and pedigree to Angstrom is further validating
our thesis. We look forward to partnering with
and supporting the company's management team."
