Aterian Investment Partners Acquires Step2 to Create Largest North American Outdoor Toy Company

Aterian Investment Partners Acquires ATCO Industries, Inc.

May 24, 2022

Industrial Services

Aterian Investment Partners, a New York-based private equity firm, has acquired ATCO Industries, Inc., a Sterling Heights, Michigan provider of tech-enabled testing, measurement and quality containment services for the North American automotive industry. Stellus Capital Management and LBC Credit Partners provided financing for the transaction; advisors included Kirkland & Ellis, William Blair, Deloitte Corporate Finance and Honigman LLP.

Aterian Investment Partners Acquires Outlook Group from Heartwood Partners

November 4, 2024

Packaging

Aterian Investment Partners (through an affiliate) has acquired Outlook Group, LLC, a Neenah, Wisconsin-based provider of pressure-sensitive labels and turnkey packaging solutions, from Heartwood Partners II, LP and affiliated entities. Outlook operates two Wisconsin locations with approximately 260 employees and serves food & beverage, consumer staples and healthcare customers; Aterian plans to support organic growth and M&A to expand the business.

Aterian Investment Partners Acquires Stein Fibers

July 13, 2022

Manufacturing

Aterian Investment Partners, a New York–based private equity firm, has acquired Stein Fibers, a leading North American distributor and manufacturer of polyester fiberfill and nonwoven fiber products headquartered in Albany, New York. Aterian said Stein Fibers will be a platform investment from Fund IV and that it will support the company’s growth both organically and through M&A while partnering with the company’s co-owners.

Aterian Investment Partners' Continuation Vehicle Acquires Vander-Bend Manufacturing

October 30, 2023

Medical Devices

Aterian Investment Partners closed Aterian Opportunities II, LP, a ~$460 million single-asset continuation vehicle to purchase Vander-Bend Manufacturing from Aterian Investment Partners II (Fund II). The transaction provides approximately $90 million of incremental growth equity to Vander-Bend and is anchored by investors including J.P. Morgan Global Alternatives, Hollyport Capital and Blackstone Strategic Partners; Aterian management and certain Fund II LPs rolled meaningful equity.

Round 2 (Praesidian Capital Portfolio) Acquires Big Country Toys

January 4, 2022

Consumer Products

Round 2, a collectibles platform backed by Praesidian Capital, has acquired Big Country Toys, an Arkansas-based designer, manufacturer and retailer of farm, ranch and rodeo toys and collectibles. The add-on expands Round 2's product offering into a new vertical and opens additional growth channels to mass merchants and hobby customers.

Aterian Investment Partners Acquires U.S. Zinc

January 7, 2019

Manufacturing

Aterian Investment Partners has acquired U.S. Zinc in an international carve-out from Votorantim Group. The transaction establishes U.S. Zinc as a stand-alone, PE-backed business headquartered in Houston, Texas, with Aterian planning investments in research, product expansion and manufacturing capacity across domestic and international sites.