M&A Deal Summary

Auxo Investment Partners Acquires Altus

On August 25, 2021, private equity firm Auxo Investment Partners acquired healthcare services company Altus

Acquisition Highlights
  • This is Auxo Investment Partners’ 1st transaction in the Healthcare Services sector.
  • This is Auxo Investment Partners’ 9th transaction in the United States.
  • This is Auxo Investment Partners’ 5th transaction in Michigan.

M&A Deal Summary
Date 2021-08-25
Target Altus
Sector Healthcare Services
Buyer(s) Auxo Investment Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Altus

Walker, Michigan, United States
Altus is focused on serving the healthcare sector with a product portfolio that includes powered and non-powered mobile technology workstations (also known as workstations on wheels, medical mobile carts or mobility workstations) and wall-mounted workstations, along with related accessories. Altus was founded in 2001 and is based in Walker, Michigan.

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Buyer(S) 1

Buyer

Auxo Investment Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

Auxo Investment Partners is an operationally-focused private investment firm that targets acquisitions of North American manufacturing, distribution, and business services companies. Auxo prefers profitable businesses ($2 to $20 million of EBITDA) and has a special interest in owner-operators seeking retirement or facing succession issues. Auxo Investment Partners was formed in 2016 and is headquartered in Grand Rapids, Michigan.

DEAL STATS #
Overall 9 of 15
Sector (Healthcare Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 7
State (Michigan) 5 of 7
Country (United States) 9 of 14
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 GC Dies

Elmhurst, Illinois, United States

GC Dies is a steel rule die manufacturer based in Elmhurst, Illinois. The Company, which has 50 employees and operates from a 37,500-square foot facility, focuses on flat corrugated, rotary corrugated and flat steel rule die production.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 Genesis Rail Services

Bluefield, West Virginia, United States

Genesis Rail Services provides mission-critical maintenance and mechanical services to major railroad companies. Genesis has developed a strong reputation in the market by providing efficient, cost- and time-saving services that have resulted in long-term relationships with market-leading clients. Genesis Rail Services is based in Bluefield, West Virginia.

Buy -
Mergr

Product

Company

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