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Napthens advises as US company acquires Connect2Cleanrooms

Napthens has advised leading cleanroom provider, Connect 2 Cleanrooms (‘C2C’), on its sale to Angstrom Technology (‘Angstrom’), a US company backed by New York-based private equity house ASGARD Partners & Co (‘ASGARD’).

C2C was established in 2002 and operates internationally from its head office in Lancaster, with additional offices situated in London and Utrecht in the Netherlands. Founded by Joe and Lizzie Govier, the company 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.

ASGARD acquired Angstrom in November 2020 and the acquisition of C2C is Angstrom’s first bolt-on acquisition. C2C will further complement the combined group enhancing its presence within the UK and European markets and strengthening its position as one of the leaders in cleanroom design and installation globally. The C2C management team will remain in place to continue driving future growth as part of the wider group.

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

Connect2Cleanrooms were also advised by RSM, led by corporate finance partner Helen Brocklebank, with support from John Daly, Rhys Jennings, Ben Wood, Alexander Harris, James Morris and Nicola Clough

Joe Govier, Co-founder of C2C, commented: ‘We are delighted we chose RSM and Napthens as our advisors to help us with finding the right partner for C2C. Both Lizzie and I would like to extend our thanks to the teams for working tirelessly and providing invaluable advice whilst steering us through the process. This transaction and combination of businesses has enabled Angstrom to create a global control environment room platform, and we are excited for the future of the group.’

Richard Robinson, corporate partner at Napthens, said: ‘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. We are proud to have played a central role in this transaction for long standing clients Joe and Lizzie Govier and look forward to seeing the partnership prosper in the coming years.’

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