Allentown LLC Announces the Acquisition of BetterBuilt

Allentown is pleased to announce the acquisition of Better Built. Allentownn (www.Allentowninc.com), a leading global provider of life science solutions, under guidance and ownership by AterianInvestment Partners (www.aterianpartners.com), a private equity firm that invests in industry-leading, middle market businesses, has acquird BetterBuilt to further expand Allentown’s footprint in the global biomedical research and life science markets.

John Coiro, CEO of Allentown stated, “With our customer-first approach we are always looking for ways to better serve our customers. The BetterBuilt acquisition and the strength of their brand, products and services will allow us to be more of a single point resource for our customers, streamlining their procurement processes and giving them peace of mind knowing they will receive an unmatched level of service and quality products that have become synonymous with our company.” Dane Kmetz, Director of Corporate Development, added, “The acquisition of BetterBuilt represents a key step in executing on our M&A strategy. We continue to view Allentown as the acquiror of choice for best-in-class companies across the biomedical research industry and look forward to continued collaboration with owners and management teams seeking a strategic partner to help fuel growth.”

BetterBuilt began in the 1950s and has grown to be the premier provider of washing, automation, and related service to the biomedical research industry. BetterBuilt’s President, Harry Lim, added, “We are thrilled to be part of the Allentown family. A better partnership would be hard to find. Two companies known for their integrity. Two companies successful for decades and known as providers of innovative solutions that last and that are backed by renowned customer service. Two companies that chose to serve the life science industry knowing the importance of scientific discovery and improving lives.”

With the acquisition of BetterBuilt, Allentown will be able to supply the life science community with housing, washing and sterilization products, consolidating customer procurement processes and growing the number of innovative solutions Allentown has to offer.

Brandon Bethea, Co-Founder and Partner of Aterian, and Daniel Phan, Managing Director add, “We are very excited about our acquisition of BetterBuilt, as it is one more opportunity to further grow Allentown’s brand position as the global leader in the biomedical research and life sciences equipment and services space. Allentown’s long history of innovation, care and integrity serves as the perfect foundation for responsible growth through organic means and acquisitions. And most importantly, this acquisition allows them to serve the life science community in ever-expanding ways. This is the first of many planned strategic acquisitions for our Allentown platform as we continue to expand this platform across the life sciences market.”   

Source:allentowninc.com