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

Grand Rapids, 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 Grand Rapids, Michigan.

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Buyer(S) 1

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 16
Sector: Healthcare Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 10
State: Michigan M&A 5 of 8
Country: United States M&A 9 of 16
Year: 2021 M&A 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. GC Dies is based in Elmhurst, Illinois.

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

Roanoke, 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 Roanoke, Virginia.

Buy -