Altus Capital Partners, Centerfield Capital Partners, and the company’s senior leadership team announced the acquisition of ALM Positioners. ALM Positioners provides automated positioning equipment that leading manufacturers use to hold, rotate, and position workpieces during welding, assembly, or other fabrication processes. The terms of the deal were undisclosed.
The company provides custom-built solutions and has a broad portfolio of branded standard products for the industries it serves.
Based in Rock Island, Illinois, ALM’s product solutions meet critical requirements in manufacturing, production, and R&D. The company provides technologically advanced solutions that address weight capacity, lift speed, rotation torque capacity, and speed, as well as an intuitive interface.
With a history of operational excellence, ALM has a track record of successfully commercializing its proprietary and customized systems tailored to each customer’s needs. And ALM’s experienced management team will remain unchanged.
KEY QUOTES:
“We are extremely excited about the opportunity to work with Altus Capital Partners to accelerate growth and create additional value for our customers. Combining our history, assets, and people with the investment and energy of Altus Capital Partners gives all of us at ALM a great feeling of optimism for the future.”
- Pat Pollock, ALM’s President and Chief Executive Officer
“Altus is pleased to partner with a globally recognized manufacturer of technology-advanced automated positioning equipment used by manufacturing companies, and we look forward to working alongside ALM’s management team to support its growth plans. We recognize and value management’s capabilities in our partnership as it aligns with our investment strategy to grow and continue to strengthen the company’s industry position and end-market diversification.”
- Greg L. Greenberg, Senior Partner of Altus Capital Partners
“ALM’s products directly support the U.S. manufacturing sector and help facilitate re-shoring initiatives by enhancing the safety and efficiency of a wide variety of production processes. Altus is focused on investing in the U.S. manufacturing sector, so ALM is an ideal partnership for us. We are looking forward to partnering with the ALM team and its talented employees to continue to drive strong sales and support their long-term growth initiatives.”
- Thomas R. Groh, Partner of Altus Capital Partners
“We are thrilled to partner with Altus on investing in another exciting manufacturing business. We strongly believe in ALM’s differentiated value proposition and look forward to further supporting its future growth. We have a long history with Altus and this investment represents a continuation of our successful partnership. We are extremely impressed with the management team at ALM and look forward to tracking the company’s future success.”
- Faraz Abassi, Managing Partner of Centerfield
