Altus Capital Partners Acquires Air Innovations, LLC
Summary
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. 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. 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. Originally founded as Floratech in 1986, Air Innovations has been committed to ‘enabling a higher quality of life’ for nearly 40 years. We utilize a patient, thoughtful investment approach and seek to partner with the management teams of our operating companies to achieve growth.