M&A Deal Summary

Cressey Acquires Lifeway Mobility

On June 23, 2021, private equity firm Cressey acquired medical products company Lifeway Mobility from RockWood Equity Partners

Acquisition Highlights
  • This is Cressey’s 5th transaction in the Medical Products sector.
  • This is Cressey’s 29th transaction in the United States.
  • This is Cressey’s 2nd transaction in Connecticut.

M&A Deal Summary
Date 2021-06-23
Target Lifeway Mobility
Sector Medical Products
Buyer(s) Cressey
Sellers(s) RockWood Equity Partners
Deal Type Recapitalization

Target

Lifeway Mobility

Hartford, Connecticut, United States
website
Lifeway Mobility is a provider of home accessibility and safety solutions, including ramps, stairlifts, wheelchair lifts, transfer aids, and bath safety products. Lifeway Mobility was founded in 2015 and is based in Hartford, Connecticut.

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Buyer(S) 1

Buyer

Cressey

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Cressey & Company LP is a specialist private equity investment firm focused on buy-and-build opportunities in the healthcare sector. The firm invests in the range of $10 - $100 million and EBITA of at least $5 million. The firm specific areas of interest include hospitals, homecare, outpatient services, and specialty distribution. Types of transaction include buyout, growth and recapitalization. It also seeks controlling interest. Cressey & Company has offices in Chicago, Illinois and Nashville, Tennessee.

DEAL STATS #
Overall 30 of 34
Sector (Medical Products) 5 of 5
Type (Recapitalization) 6 of 6
State (Connecticut) 2 of 2
Country (United States) 29 of 33
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Dental Services Group

St. Petersburg, Florida, United States

Dental Services Group is an operator of a full-service laboratory network with over 40 dental laboratories that offers dental prosthetic solutions, including fixed, removable, implant, orthodontic and sleep dentistry products. Dental Services Group was founded in 1989 and is based in St. Petersburg, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 Verisys

Alexandria, Virginia, United States

Verisys provides a comprehensive cloud-based technology platform of data, analytics, and services that supports enterprise-wide compliance in the U.S. healthcare industry. Verisys protects healthcare consumers by enforcing competency and regulatory compliance, system integrity, and patient safety through transparency. Verisys was founded in 1992 and is based in Alexandria, Virginia.

Sell -

Seller(S) 1

SELLER

RockWood Equity Partners

Shaker Heights, Ohio, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

RockWood Equity Partners is a private equity firm looking to acquire profitable lower-middle market North American companies generating sales of $10 to $75 million and EBITDA of $2 to $7 million. Target transaction types include management buyouts, recapitalizations, growth equity financings, and divestitures. Sectors of interest include aerospace, defense, healthcare, industrials/industrial technology, and business services. RockWood Equity Partners was formed in 1999 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 18 of 21
Sector (Medical Products) 3 of 3
Type (Recapitalization) 1 of 1
State (Connecticut) 2 of 2
Country (United States) 16 of 19
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Syneo

West Palm Beach, Florida, United States

Syneo is a provider of manufacturing equipment, cutting tools, and services for the medical device and electronics manufacturing industries. Syneo's primary solutions serve catheter, guidewire, and minimally-invasive medical device applications. The company’s comprehensive lines of Accu-branded and Syneo Sharp products are known for delivering an unparalleled level of sharpness and precision, enhancing catheter and surgical device applications through automated handling, cutting, drilling, and precision hole-punching capabilities. Syneo was formed in 2011 and is based in West Palm Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Clean Water Environmental Services

Parker, Colorado, United States

Clean Water Environmental Services is an environmental solutions provider for stormwater compliance for residential, commercial and municipal land developers. The Company provides erosion and sediment control, stormwater management, land reclamation, pollution prevention, water quality and detention systems, consulting services (SWMP, SWPPPs, permitting, training, engineering, audits, compliance support), as well as installing and providing products such as silt fences, straw mats, hydroseed and wattles and more. Clean Water Environmental Services is based in Parker, Colorado.

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