Impala Ventures most recent investment;Angeles Equity Partners Acquires DataClean & Sterile Science
An affiliate of Angeles Equity Partners (Angeles) has acquired Data Clean, a provider of specialised contamination control and removal services for critical environments.
Angeles will partner with Data Clean’s prior owners, Richard Hill and Dean Sirakides who will retain an ownership stake in the company and are focused on executing a buy-and-build strategy in the critical contamination control sector. Impala Ventures is a co-investor in the new platform and Brian Snow has joined the board of directors working with management to scale the company throughout the investment period.
Data Clean provides mission-critical contamination control and removal services for data centres and other telecommunications facilities through its “Data Clean” branded division, and biopharmaceutical and life sciences cleanrooms through its “Sterile Science” branded division. Data Clean’s services play an integral role in ensuring efficient performance, preventing costly downtime, and maintaining regulatory compliance in these highly sensitive environments. Supported by its technically skilled workforce, Data Clean provides recurring maintenance and pre-and post-construction decontamination services for a nationwide, blue-chip customer base.
Angeles’ investment in Data Clean originated from its thematic investment focus on differentiated industrial service providers operating within the facilities management space. Through its partnership with Angeles, Data Clean plans to aggressively pursue organic and inorganic growth initiatives to increase its market share.
Simpson Thacher & Bartlett LLP provided legal counsel to Angeles. RSM US LLP provided transaction advisory services to Angeles. Huck Bouma PC provided legal counsel to Data Clean. Cross Keys Capital provided transaction advisory services to Data Clean.