M&A Deal Summary

Linde Acquires Specialized Medical Services

On August 2, 2018, Linde acquired healthcare services company Specialized Medical Services from The Riverside Company

Acquisition Highlights
  • This is Linde’s 1st transaction in the Healthcare Services sector.
  • This is Linde’s 3rd transaction in the United States.
  • This is Linde’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2018-08-02
Target Specialized Medical Services
Sector Healthcare Services
Buyer(s) Linde
Sellers(s) The Riverside Company
Deal Type Add-on Acquisition

Target

Specialized Medical Services

Milwaukee, Wisconsin, United States
website
Specialized Medical Services, Inc. is a provider of quality oxygen and nutritional supplement products and consulting services to long-term, renal and oncological healthcare organizations. Healthcare organizations range from hospitals, dialysis and oncology clinics to nursing homes, hospices and rehabilitation agencies. The investment was exited via a recapitalization transaction.

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Buyer(S) 1

Buyer

Linde

Woking, United Kingdom

website


Category Company
Founded 1879
Sector Chemicals
Employees65,831
Revenue 33.4B USD (2022)
DESCRIPTION

Linde is an international industrial gas and engineering company that offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants. Linde was founded in 1879 and is based in Woking, United Kingdom.


DEAL STATS #
Overall 5 of 5
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Wisconsin) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 Praxair

Danbury, Connecticut, United States

Praxair is an industrial gases company that produces, sells, and distributes atmospheric and process gases, and high-performance surface coatings. The company's products, services, and technologies serve a variety of industries including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals, and others. Praxair was formed in 1907 and is based in Danbury, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 Linde AG - Synthesis Gas Production Unit

Pasadena, Texas, United States

Linde AG - Synthesis Gas Production Unit is a production of synthesis gas. Syngas can be produced from many sources, including natural gas, coal, biomass, or virtually any hydrocarbon feedstock, by reaction with steam or oxygen. Syngas is a crucial intermediate resource for the production of acetic acid, hydrogen, ammonia, methanol, and synthetic hydrocarbon fuels.

Sell -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 139 of 189
Sector (Healthcare Services) 5 of 7
Type (Add-on Acquisition) 56 of 81
State (Wisconsin) 10 of 10
Country (United States) 99 of 132
Year (2018) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-30 Blue Microphones

Westlake Village, California, United States

Blue Microphones, Inc. is a manufacturer of high-end, professional microphones, as well as consumer electronics. Blue Microphones, Inc. was founded in 1995 and is based in Westlake Village, California.

Sell $117M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-03 Alchemy Systems

Austin, Texas, United States

Alchemy Systems LP is a training and educational technology company provides an innovative solutions that help food and retail companies engage with their workforces to drive productivity and safety. Alchemy Systems was founded in 2003 and is based in Austin, Texas.

Sell $480M