M&A Deal Summary

Sound Growth Partners Acquires ATEK Access Technologies

On September 10, 2024, private equity firm Sound Growth Partners acquired technology hardware company ATEK Access Technologies

Acquisition Highlights
  • This is Sound Growth Partners’ 1st transaction in the Technology Hardware sector.
  • This is Sound Growth Partners’ 1st transaction in the United States.
  • This is Sound Growth Partners’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2024-09-10
Target ATEK Access Technologies
Sector Technology Hardware
Buyer(s) Sound Growth Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Aethlon Capital LLC (Financial)

Target

ATEK Access Technologies

Eden Prairie, Minnesota, United States
ATEK Access Technologies is a manufacturer of reliable products for a diverse range of industries under its Datakey and Larco brands. Datakey is a provider of rugged, reprogrammable memory keys for access control and data storage applications, and Larco is a manufacturer of industrial safety mats and door access controls. ATEK Access Technologies is based in Eden Prairie, Minnesota.

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Buyer(S) 1

Buyer

Sound Growth Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2024) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Sunny

Lakewood, Colorado, United States

Sunny provides refurbished land mobile radio communication equipment, including two-way radios, accessories, and communication solutions, in the U.S. The company also provides repair services and equipment rentals. Sunny is based in Lakewood, Colorado.

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