Altus Capital Partners Acquires Air Innovations, LLC

Air Innovations is a new platform investment in a global manufacturer poised for continued strong growth in specialized environmental controls

Altus Capital Partners Acquires Air Innovations, LLC

Media:
Rosalia Scampoli
Marketcom PR
914 815-1465
rscampoli@marketcompr.com

Altus Capital Partners, an investment firm focused

on middle market manufacturing companies, announced today the acquisition of Air Innovations, LLC (“Air Innovations” or the “Company”), a manufacturer of environmental control units (“ECUs”) for manufacturers and distributors in the wine, aerospace, semiconductor, homeland security, and healthcare markets. The Company provides custom-built solutions and has a broad portfolio of branded standard products for the industries it serves. Financial terms of the transaction were not disclosed.

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Headquartered in North Syracuse, NY, Air Innovations’ ECUs are used in high-cost-of-failure applications such as sterile storage cabinets in hospitals, clean room semiconductor lithography equipment, and payload protection for spacecrafts. The Company’s Wine Guardian brand offers a wide variety of ECUs for use in homes, restaurants, and wine storage facilities that require commercial-grade temperature and humidity control. Air Innovations has a proven track record of commercializing its proprietary and customized systems to offer solutions to meet each individual customer’s specific needs. Air Innovations’ experienced management team will remain unchanged.

Michael Wetzel, Air Innovations’ President and Chief Executive Officer said, “We are excited to begin the next phase of our growth with Altus Capital Partners. Having a partner with their focus, scope, discipline, and ability will propel our business forward from the strong foundation we’ve created to this point.”

Heidi Goldstein, Partner of Altus Capital Partners, commented, “Altus looks forward to our partnership with Air Innovations to support its growth plans. As a global designer and manufacturer of mission-critical environmental control units, we are excited to work alongside Air Innovations’ management team to grow and continue to strengthen the company’s industry position and end-market diversification.”

Thomas Groh, Partner of Altus Capital Partners, said, “We recognize and value management’s capabilities in our partnership as it aligns with our investment strategy to take the company to the next level. We are looking forward to partnering with the Air Innovations team and its talented employees to continue to drive strong sales and support their long-term growth initiatives.”

About Air Innovations
Air Innovations is a designer and builder of environmental process control systems for applications that cannot be addressed with standard HVAC equipment. The company customizes packaged solutions for temperature, humidity, filtration, and pressurization. Originally founded as Floratech in 1986, Air Innovations has been committed to ‘enabling a higher quality of life’ for nearly 40 years. For more information on Air Innovations, please visit airinnovations.com.

About Altus Capital Partners
Altus Capital Partners is a private equity firm that makes control investments in middle market niche-manufacturing businesses. Our exclusive focus on manufacturing provides us with a unique understanding of the opportunities and challenges faced by companies in the sector. We utilize a patient, thoughtful investment approach and seek to partner with the management teams of our operating companies to achieve growth. For more information, please visit www.altuscapitalpartners.com.