Insight - Company - Press Release

HealthWay® Acquired by AEI to Become New Platform Investment

PULASKI, NY, September 30, 2021 – HealthWay Family of Brands, a global leader in air purification solutions for both commercial and residential settings, is joining forces with AE Industrial Partners. Announced today by AE Industrial Partners, LP (“AEI”) a private equity firm specializing in Aerospace, Defense & Government Services, Space, Power Generation, and Specialty Industrial markets. The acquisition of HealthWay represents AEI’s 14th platform investment in AE Industrial Partners Fund II, LP, which closed in 2018 with $1.36 billion in equity commitments.

Founded in 2004, HealthWay is a leader in innovative air purification technology solutions. The company has been family-owned and operated over the past 15 years and has seen tremendous growth. To continue facilitating growth and investment in IAQ innovation, HealthWay has chosen to join together with AEI.

“We’re pleased to join the AE Industrial team and gain the needed resources to further invest in growth and innovation,” said Vince Lobdell. “Ensuring high levels of air quality is now considered a top priority for all organizations, whether it’s a school, office building, hospital, or shopping mall. We have an incredible opportunity to leverage AE Industrial’s relationships and business acumen to increase market share and become a household name in air purification.”

“The time was right to find a partner who could help us reach the next level, and AE Industrial has the industry and operational expertise, and deep relationships needed to build a premier global air purification technology solutions platform,” said Vinny Lobdell Jr.

AEI considers the acquisition of HealthWay to be a platform investment and plans to work alongside the management team to reach global channels, sectors, and customers.

“As we learned first-hand over the last 18 months, guaranteeing the purity of indoor air is critically important to getting back to and maintaining ‘everyday’ life, and we are proud to invest in HealthWay, an innovator in the air purification industry,” said Kelly Romano, Operating Partner at AEI. “The air purification industry is at a long-overdue inflection point, and we believe that building a platform featuring HealthWay’s differentiated technology with the global scale to reach all channels, sectors and customers will be a game-changer. With his 40 years of industry experience, Vince is a true leader in the space, and we’re excited to work with him and his team to capitalize on strong industry tailwinds.”

 

About HealthWay Family of Brands
Founded in 2004, HealthWay is a leader in innovative air purification technology solutions. The company’s industry-leading, patented Disinfecting Filtration System (DFS) technology is used in schools, cleanroom applications, hospital surgical suites, commercial office buildings, hotels, and many mission-critical environments around the globe. For more information, please visit www.healthway.com.

 

 

About AE Industrial Partners
AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power generation, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment. Learn more at www.aeroequity.com.

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