US firm cleans up with first UK acquisition

A North West cleanroom provider has been acquired by a private equity backed US company.

Connect 2 Cleanrooms which was established in 2002 and operates internationally from its head office in Lancaster, with additional offices situated in London and Geldermalsen in the Netherlands, has been sold to Angstrom Technology.

Founded by Joe and Lizzie Govier, C2C provides integrated cleanroom services including design and build, consumables, training and validation.

Based in Michigan, Angstrom is a US based company offering services in cleanroom design, manufacturing, installation and repair and is backed by New York-based private equity house ASGARD Partners & Co.

ASGARD acquired Angstrom in November 2020 and the acquisition of C2C is Angstrom’s first UK based acquisition expanding its footprint in the UK and European markets.

Joe Govier, co-founder of C2C, said: “This transaction and combination of businesses has enabled Angstrom and C2C to fulfil a joint vision to create a global controlled environment solutions platform, and we are excited for the future of the group and teams within.”

The deal has been supported by RSM led by corporate finance partners Helen Brocklebank and John Daly, with support from Rhys Jennings, Ben Wood, Alexander Harris, James Morris and Nicola Clough.

A team from Napthens led by corporate partner Richard Robinson, assisted by corporate associate Charlotte Walsh provided legal advice on the deal.

Helen Brocklebank, corporate finance partner at RSM UK, said: “Rapid growth in advanced manufacturing across a broad range of sectors from pharmaceuticals to renewable technology has accelerated demand for cleanroom technology and services globally.

“The transaction has brought together two closely aligned businesses to become the global cleanroom solution provider of choice for multinational clients.”

Richard Robinson, corporate partner at Napthens, added: “Today’s completion is a landmark moment for both C2C and Angstrom, and represents a significant step for the global cleanroom solutions sector, bringing together two leading players.”