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Grand Rapids private equity firm Auxo Investment Partners has acquired Altus Industries Inc., a Walker-based designer and producer of workstations for the health care industry. The deal includes Spectrum Health as a strategic partner for Altus Industries. Spectrum Health, which made the investment through Auxo, is one of the largest customers for the company’s mobile medical carts, mobile and wall-mounted workstations, and accessories that are used in patient rooms, surgical centers and continuing care, radiology and emergency departments.
Spectrum Health Ventures is joining as a strategic partner in the acquisition of one of its suppliers, Altus Industries. Grand Rapids-based private equity firm Auxo Investment Partners said Tuesday that it acquired Altus Industries, a Walker-based designer, manufacturer, assembler and marketer of medical, point-of-care workstations used across the health care industry. As part of the deal, Spectrum Health Ventures, one of Altus’s larger customers, will join as a strategic partner in the transaction. Financial terms were not disclosed. Serving the health care sector, Altus’s product portfolio includes powered and nonpowered mobile technology workstations (also known as workstations on wheels, medical mobile carts or mobility workstations) and wall-mounted workstations, along with related accessories.