Intrepid Investment Bankers (“Intrepid”), a leading middle-market investment bank and the advisory arm of global financial group, MUFG, announced today that it acted as the exclusive buyside advisor to Astro Pak LLC (“Astro Pak”), a portfolio company of The Stephens Group, LLC (“Stephens Group”), on the acquisitions of Clean Sciences, Purepass and Frontline Global Services. The three transactions closed within a four-month period, marking a significant milestone in Astro Pak’s acquisition strategy.
The acquisitions advance Astro Pak’s growth strategy by expanding its precision cleaning, reliability solutions and field services capabilities across the semiconductor power generation, and other high reliability end markets. The transactions also extend the company’s geographic footprint into Canada, Texas and Northern California, bringing Astro Pak’s total network to 14 locations.
Jack Nadal, Managing Director at Stephens Group, said, “Intrepid has become a true extension of our corporate development team. Their ability to understand the strategy, source the right opportunities, and effectively manage the outreach process has allowed us to significantly accelerate Astro Pak’s growth.”
“We are delighted to have supported Stephens Group and Astro Pak with the highly strategic acquisitions of Clean Sciences, Purepass and Frontline Global Services. We look forward to Astro Pak’s continued growth and success,” said Chris Aguilar, Vice President at Intrepid.
Astro Pak is a leading provider of high purity and precision cleaning services, serving critical industries such as pharmaceutical, biotechnology, food & beverage, datacenters, semiconductor, aerospace & defense, power generation, and more.
The Stephens Group, LLC is a private investment firm that partners with talented management teams to help build valuable businesses. Backed by the resources of the Witt Stephens, Jr. and Elizabeth Campbell families, the firm combines the operational expertise of a private equity firm with the flexibility provided by long-term capital. With over $2 billion of private equity assets under management, the firm has a long history of providing informed, sophisticated expertise and working with owners and managers to help them successfully achieve their strategic visions and build long-term value. Since 2006, Stephens Group has invested in over 50 companies, targeting investments in industries across the U.S., including industrial products and services, specialty distribution, and vertical software.