Sound Growth Partners Acquires ATEK Access Technologies
10 September 2024 - 11:00AM
Business Wire
Sound Growth Partners (“SGP”) is pleased to announce its
acquisition of ATEK Access Technologies, LLC (“ATEK”) on August 22,
2024. SGP provided all the capital required to complete the
transaction via its One-Stop Buyout™ structure.
Headquartered in Eden Prairie, MN, ATEK manufactures innovative
and reliable products for a diverse range of industries under its
Datakey and Larco brands. Datakey is the leading provider of
rugged, reprogrammable memory keys for access control and data
storage applications, and Larco is a leading manufacturer of
industrial safety mats and door access controls.
"ATEK's unique combination of advanced engineering and
unparalleled reliability has established it as a trusted partner in
mission-critical applications across various sectors,” said Travis
Steele, Partner at SGP. “We are thrilled to collaborate with the
talented team at ATEK and are eager to support the company's growth
in the coming years."
To learn more about ATEK, please visit https://datakey.com/ and
https://www.larco.com/.
About Sound Growth Partners
Founded in 2023, SGP is a Seattle-based private equity firm
investing in clear market leaders within the lower middle market.
SGP provides all the capital necessary to close a transaction. The
firm invests in companies with $2 to $10 million of EBITDA in
niches within the Consumer Products, Business Services,
Distribution and Light Manufacturing industries.
To learn more about Sound Growth Partners and the One-Stop
Buyout™, please visit https://soundgrowthpartners.com/ and follow
us on LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240910534083/en/
Peter Roushdy, Managing Partner
proushdy@soundgrowthpartners.com
Kyle Largent, Managing Partner
klargent@soundgrowthpartners.com
Travis Steele, Partner tsteele@soundgrowthpartners.com
David Glazer, Partner dglazer@soundgrowthpartners.com