The Stephens Group Acquires Industrial Cleaning Services Firm Astro Pak

(The Stephens Group)

Private equity firm The Stephens Group LLC of Little Rock announced it has acquired industrial cleaning services firm Astro Pak LLC of Costa Mesa, California.

Terms of the deal were not disclosed.

Astro Pak, founded in 1959, provides on-site, shop and cleanroom services such as passivation, derouging, electropolishing and mechanical polishing, sanitization and biofilm removal, and more for a variety of critical systems and components. The processes are designed to increase equipment longevity, reduce asset downtime, and ensure procedural compliance.

The company has clients in pharmaceutical, biotechnology, food and beverage, semiconductor, aerospace and defense, and other industrial markets.

“Astro Pak is the clear leader in its space, serving industries where micron-level cleanliness and associated compliance are mission-critical,” Jack Nadal, managing director at Stephens Group, said in a news release. “The Company’s diversified and recurring revenue model, proprietary formulations, technical capabilities, and exceptional culture make it an ideal fit for our firm.”

The Stephens Group, led by CEO Witt Stephens Jr., said the acquisition reinforces its focus on investing in businesses with market leadership, recurring and compliance-driven revenue models, and “strong cultural alignment.”

Astro Pak has offices in California, Texas, Kansas, Wisconsin, Indiana, New Jersey, North Carolina, Florida and Puerto Rico.

“When evaluating potential investors, Stephens Group stood out for their deep understanding of our business and target markets, coupled with a founder-led culture,” Ken Carroll, president of Astro Pak, said in the release. “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.”