COSTA MESA, Calif. & HAMILTON, Ontario, June 3 — Astro Pak LLC (“Astro Pak”), a portfolio company of The Stephens Group, LLC (“Stephens Group”), is pleased to announce its acquisition of Purepass Services, Inc. (“Purepass”), a provider of on-site and shop-based high purity cleaning services. Located in Hamilton, Ontario, the acquisition establishes Astro Pak’s footprint in Canada and increases the total number of locations to 13 across the United States, Canada, and Puerto Rico.
Purepass provides passivation, derouging, pickling, oxygen cleaning, sanitization, and other services to customers across Canada and the United States. The company serves the biopharmaceutical, food & beverage, household & personal care, water & wastewater, and other industrial end markets. The transaction marks Astro Pak’s second acquisition under Stephens Group.
“We are thrilled to welcome Kyle, Matt, and the entire Purepass team to the Astro Pak family,” said Astro Pak President Ken Carroll. “Astro Pak has served the Canadian market for many years, and the ability to join forces with Purepass to better serve customers across Canada represents a meaningful expansion opportunity for the business. We look forward to combining Astro Pak’s resources with the team’s decades of experience to provide industry-leading high purity cleaning services to customers across the country.”
Purepass President Kyle Worlin and Vice President Matt McKelvie noted, “Astro Pak’s legacy in high purity and precision cleaning services, combined with its standard for excellence and consistent values, made for an easy decision. Working with Astro Pak will allow us to better serve our customers across Canada and the U.S. while providing a great home with expanded opportunities for our team.”
“Purepass is a strong cultural fit with Astro Pak and is highly complementary strategically and operationally,” Jack Nadal, Managing Director at Stephens Group, added. “The acquisition formalizes Astro Pak’s presence in Canada allowing us to better serve current and future customers. We remain committed to building the world’s premier provider of high purity and precision cleaning services, which is accelerated with the acquisition of Purepass.”
Intrepid Investment Bankers served as the exclusive buy-side advisor for Astro Pak.