M&A Deal Summary

Aterian Investment Partners Acquires Allentown

On May 11, 2022, private equity firm Aterian Investment Partners acquired life science company Allentown from Heartwood Partners

Acquisition Highlights
  • This is Aterian Investment Partners’ 1st transaction in the Life Science sector.
  • This is Aterian Investment Partners’ 22nd transaction in the United States.
  • This is Aterian Investment Partners’ 2nd transaction in New Jersey.

M&A Deal Summary

Date 2022-05-11
Target Allentown
Sector Life Science
Buyer(s) Aterian Investment Partners
Sellers(s) Heartwood Partners
Deal Type Secondary Buyout

Target

Allentown

Allentown, New Jersey, United States
Allentown is a provider of critical solutions to the biomedical research community. Allentown's high-quality equipment and advanced vivarium systems continue to define and exceed industry standards. Allentown was founded in 1968 and is based in Allentown, New Jersey.

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Buyer(S) 1

Buyer

Aterian Investment Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aterian Investment Partners is a special situations private equity firm that invests in middle-market businesses that are financially or operationally challenged, or require a creative transaction solution. Aterian invests in businesses generating $25 to $500 million of revenue with strong franchises. Sectors of interest include manufacturing, chemicals, industrials, consumer products, food, beverages, distribution, metals/mining, retail, restaurants, and healthcare services. Aterian Investment Partners LLC is formed in 2009 and is based in New York City.


DEAL STATS #
Overall 22 of 26
Sector (Life Science) 1 of 1
Type (Secondary Buyout) 5 of 5
State (New Jersey) 2 of 2
Country (United States) 22 of 25
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Kane

Scottsdale, Arizona, United States

Kane is a full-service digital infrastructure solutions provider, delivering mission-critical services directly to its clients through a nationwide footprint of operating subsidiaries across the United States. Kane is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-23 Vayan

Sterling Heights, Michigan, United States

Vayan is a comprehensive quality assurance solutions provider offering inspection, warehousing, technical, and engineering services. It was formed to bridge the gap between quality control and customer satisfaction, offering a quality experience that values craftsmanship and efficiency. Vayan was formed in 1980 and is based in Sterling Heights, Michigan.

Buy -

Seller(S) 1

SELLER

Heartwood Partners

Norwalk, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Heartwood Partners is a private equity firm focused on partnerships with middle-market companies across the US. The Firm prefers to invest in family owned and managed companies where it can leverage strategic resources for long-term growth. Target companies are typically profitable with $5 to $30 million of EBITDA with up to $400 million in revenue. Sectors of interest include agriculture, automotive, consumer products, distribution, food, industrial services, niche manufacturing, packaging, and chemicals. Heartwood Partners was formed in 1982 and is headquartered in Norwalk, Connecticut.


DEAL STATS #
Overall 17 of 21
Sector (Life Science) 1 of 1
Type (Secondary Buyout) 7 of 9
State (New Jersey) 3 of 3
Country (United States) 17 of 21
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Aftermarket Performance Group

Salt Lake City, Utah, United States

Aftermarket Performance Group distributes aftermarket performance parts and accessories for diesel pickup trucks and distributes and retails direct-to-consumer online aftermarket parts for Jeep/Off-road vehicles, and Subaru/Compact-Performance vehicles and gas pickup trucks. Aftermarket Performance Group is based in Salt Lake City, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-22 Amlon Group

Plano, Texas, United States

Amlon Group is a provider of recycling, processing, treatment, and management of metal and non-metal bearing industrial and hazardous waste streams. Amlon Group is comprised of two closely integrated operating segments that play to this macro trend Amlon Resources Group LLC ("ARG") and Alpha Omega Recycling Inc. (AORI). Amlon Group is based in Plano, Texas.

Buy -