Auxo Investment Partners Acquires Altus Industries; Spectrum Health Ventures Joins as Strategic Partner

August 23, 2021

Auxo Investment Partners has acquired Altus Industries Inc., a Grand Rapids-based designer and manufacturer of medical point-of-care workstations. Spectrum Health Ventures, a major Altus customer, is joining the transaction as a strategic partner as the deal forms part of the co-founders' succession plan.

Buyers
Auxo Investment Partners, Spectrum Health Ventures
Targets
Altus Industries Inc.
Sellers
Craig VanderHeide, Eric Kahkonen
Industry
Medical Devices
Location
Michigan, United States
Transaction Type
Buyout

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