Altus Capital Partners, Centerfield Capital Partners, and the Company’s senior leadership team announced today the acquisition of ALM Positioners, a provider of automated positioning equipment used by leading manufacturers to hold, rotate, and precisely position workpieces during welding, assembly or other fabrication processes. The Company provides custom-built solutions and has a broad portfolio of branded standard products for the industries it serves.

Pat Pollock, ALM’s President and Chief Executive Officer, said, “We are extremely excited about the opportunity to work with Altus Capital Partners to accelerate growth and create additional value for our customers."

Greg L. Greenberg, Senior Partner of Altus Capital Partners, commented, “Altus is pleased to partner with a globally recognized manufacturer of technology-advanced automated positioning equipment used by manufacturing companies, and we look forward to working alongside ALM’s management team to support its growth plans."

Thomas R. Groh, Partner of Altus Capital Partners, said, “ALM’s products directly support the U.S. manufacturing sector and help facilitate re-shoring initiatives by enhancing the safety and efficiency of a wide variety of production processes."

Faraz Abassi, Managing Partner of Centerfield, stated, “We are thrilled to partner with Altus on investing in another exciting manufacturing business. We strongly believe in ALM’s differentiated value proposition and look forward to further supporting its future growth."

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