Astro Pak LLC is pleased to announce that it has been acquired by The Stephens Group, LLC, a private investment firm that partners with talented management teams to help build valuable businesses.
“When evaluating potential investors, Stephens Group stood out for their deep understanding of our business and target markets, coupled with a founder-led culture, said Ken Carroll, President of Astro Pak. “Their extensive human capital resources, cultural alignment, long-term perspective, and permanent capital base make them the ideal partner to help us achieve our vision. With their support, we will continue delivering exceptional value to our customers while preserving the incredible culture that has defined Astro Pak.”
Jack Nadal, Managing Director at Stephens Group, commented: “Astro Pak is the clear leader in its space, serving industries where micron-level cleanliness and associated compliance are mission-critical,” “Astro Pak’s diversified and recurring revenue model, proprietary formulations, technical capabilities, and exceptional culture make it an ideal fit for our firm. We look forward to working closely with the Astro Pak team to support their next phase of growth while maintaining their strong culture and legacy of excellence.” Witt Stephens, Jr., CEO of Stephens Group added, “Astro Pak became a market leader through years of excellent, dedicated service to its customers. We are excited to partner with Astro Pak and its people to continue that legacy and strengthen it even further in the future.”
The acquisition of Astro Pak reinforces Stephens Group’s focus on investing in businesses with market leadership, recurring and compliance-driven revenue models, and strong cultural alignment. This investment represents another example of Stephens Group’s mission to create lasting value through long-term, collaborative relationships with exceptional companies.
Astro Pak will retain its brand identity and core leadership team. Todd Dean, Chief Operating Officer, adds, “This strategic acquisition represents a significant opportunity to expand our capabilities, enhance our market position, and deliver even greater value to our customers and stakeholders. We are confident that this partnership will create new opportunities for our team, customers, and partners.”
Houlihan Lokey acted as financial advisor to Astro Pak.
ABOUT THE STEPHENS GROUP, LLC
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.