Angstrom's passion is to provide its customers with the most effective and efficient designs, superior quality, and outstanding service. Since 1989, Angstrom has provided cleanroom build, design, and maintenance services to some of the most respected companies in the world. Headquartered in Grand Rapids, Michigan, Angstrom Technology is a market leader in cleanroom production across the U.S., Canada, and Mexico. Tedmond Wong, Principal at Firmament, added, 'There is tremendous growth opportunity for Angstrom given the increasingly rigorous demands on manufacturing and operating environments, and we are delighted to partner with ASGARD on the next chapter of the Company.'

Firmament's flexible approach, speed of execution, and experience with scaling businesses like Angstrom are a great fit for us,' said Karan Rai, Managing Partner at ASGARD. 'We are excited to partner with Angstrom's management team and to have the support of Firmament as we look towards the Company's next stage of growth. Modern Bank, a provider of cash flow based senior debt to companies across the lower and middle markets, also supported the transaction. The Company completes turnkey and built-to-spec projects that give customers a high level of control over airborne and surface particulates to manufacture, test, and assemble products in a safe and clean environment.Īs a provider of bespoke capital solutions, Firmament made a debt investment in the Company in partnership with ASGARD Partners & Co., LLC ('ASGARD'), a New York-based private equity firm, which will acquire a controlling interest in Angstrom. Angstrom designs, builds, and services fully customizable modular cleanrooms for the aerospace, defense, technology, pharmaceutical, automotive, healthcare, and industrial end markets. 1, 2020 /PRNewswire/ - The Firmament Group ('Firmament'), a leading provider of tailored debt and equity capital solutions to small- and medium-sized enterprises (SMEs), announced today an investment in Angstrom Technology ('Angstrom' or the 'Company').

The firmament group