Angstrom Technology Acquires Built 2 Spec

Sep 30, 2021•almost 4 years ago

Acquiring Company

Angstrom Technology

Acquired Company

Built Spec

Grand Rapids

Description

ASGARD Partners & Co., LLC ("ASGARD"), a New York-based private equity firm, today announced that its portfolio company, Angstrom Technology ("Angstrom" or the "Company"), an industry leader in modular cleanroom production, has signed an agreement to acquire Built 2 Spec LLC ("Built 2 Spec").

Company Information

Company

Angstrom Technology

Location

Grand Rapids, Michigan, United States

About

Headquartered in Grand Rapids, Michigan, Angstrom Technology is a market leader in cleanroom production across the U.S., Canada, and Mexico. Since 1989, Angstrom has provided cleanroom build, design, and maintenance services to some of the most respected companies in the world. Angstrom's passion is to provide its customers with the most effective and efficient designs, superior quality, and outstanding service. For more information, please visit www.angstromtechnology.com.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

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