Taproot Capital Forms Strategic Partnership with Altair Industries in Aerospace & Defense Sector

Taproot Capital (“Taproot”), an alternative investment firm that supports spin-outs as well as emerging and expanding private equity sponsors with strong sector specialization and proven performance histories, has announced a strategic alliance with Altair Industries (“Altair”).

Based in New York City, Altair is led by Managing Partners David Waxman and Michael Livanos. The firm focuses on acquiring controlling stakes in middle-market businesses across North America, specifically within the aerospace and defense and mission-critical industrial sectors. Drawing on over 40 years of combined industry experience, Altair seeks to benefit from major industry tailwinds, including supply chain reshoring, increased defense spending, and ongoing technological transformation. The financial details of the agreement were not made public.

Eric Zoller, Chief Executive Officer and Co-Founder of Taproot, stated that the firm is pleased to collaborate with Altair and looks forward to working alongside David and Michael, who have significant experience investing in family-owned enterprises, corporate carve-outs, underperforming companies, and special situation opportunities. He added that the partnership aligns with Taproot’s thematic investment strategy and its focus on building and scaling firms. Taproot remains committed to providing distinctive operational and fundraising support to help partner funds grow efficiently while minimizing the challenges associated with launching new investment platforms.

Latham & Watkins LLP acted as legal counsel to Taproot, while Sidley Austin LLP advised Altair on the transaction.