Air Innovations Accelerates Growth Opportunities with Company's New Majority Owner: Altus Capital.
(PRUnderground) December 3rd, 2024
Air Innovations, the leader in specialty environmental control units, has announced a formal partnership with Altus Capital Partners (Altus). Altus is a seasoned investment firm focused on niche manufacturing companies in the middle market and has solidified their relationship with Air Innovations via majority ownership.
Altus will partner with the existing Air Innovations management team – including minority owner and company President & CEO, Mike Wetzel – to guide the business at its North Syracuse, NY headquarters.
“We are excited to begin the next phase of our growth with Altus Capital Partners! Having a partner with their focus, scope, discipline, and ability will propel our business forward from the strong foundation we’ve created to this point.” – Mike Wetzel, President & CEO
Together, Air Innovations and Altus plan to focus efforts on accelerating growth opportunities, capacity, and capabilities in the diversified markets Air Innovations serves.
About Air Innovations
Air Innovations is a world leader in designing and building environmental process control systems for applications that cannot be addressed with standard HVAC equipment. The company customizes packaged solutions for temperature, humidity, filtration, pressurization. Originally founded as Floratech in 1986, Air Innovations has been committed to ‘enabling a higher quality of life’ for nearly 40 years.
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Original Press Release.
