- September 30, 2021
- Posted by: Stratford Team
- Category: Business
A family-owned air cleaning business that started out in a small fishing village in Central New York attracted the attention of Wall Street today from a private equity fund.
HealthWay Family of Brands in Pulaski said it would sell its fast-growing business to AE Industrial Partners, a private equity firm that specializes in buying successful family-owned companies.
Neither company disclosed how much AE Industrial Partners will pay for a majority stake in HealthWay.
Vinny Lobdell, the company president, told syracuse.com | The Post-Standard that he and his father, Vincent, will continue to operate the company and maintain a minority share of its ownership.
AE Industrial Partners agreed to maintain all of HealthWay’s workforce of more than 120 people in Pulaski in Oswego County and 350 people globally, Vinny Lobdell said.
The private equity fund also agreed to continue to invest in HealthWay’s Central New York headquarters, where the company is building a…