M&A Deal Summary

Peak Rock Capital Acquires HuFriedyGroup

On April 11, 2024, private equity firm Peak Rock Capital acquired medical products company HuFriedyGroup from Steris for 788M USD

Acquisition Highlights
  • This is Peak Rock Capital’s 2nd transaction in the Medical Products sector.
  • This is Peak Rock Capital’s largest (disclosed) transaction.
  • This is Peak Rock Capital’s 33rd transaction in the United States.
  • This is Peak Rock Capital’s 4th transaction in Illinois.

M&A Deal Summary
Date 2024-04-11
Target HuFriedyGroup
Sector Medical Products
Buyer(s) Peak Rock Capital
Sellers(s) Steris
Deal Type Divestiture
Deal Value 788M USD

Target

HuFriedyGroup

Chicago, Illinois, United States
website
HuFriedyGroup is a global manufacturer of high-quality instruments, infection prevention products, instrument management systems, and conscious sedation products for the dental industry. HuFriedyGroup was founded in 1908 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Peak Rock Capital

Austin, Texas, United States

website

Category Private Equity Firm
Founded 2012
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peak Rock Capital is a generalist private equity firm that makes debt and equity investments in middle-market companies. The Firm targets businesses with $50 million to $1 billion in revenue and can commit up to $500 million per transaction. Sectors of interest include business services, consumer products, distribution, energy services, healthcare, industrials, manufacturing, media, and metals. Peak Rock will consider a variety of transaction situations - from leveraged buyouts and recapitalizations to special situations. Peak Rock is based in Austin, Texas.

DEAL STATS #
Overall 38 of 38
Sector (Medical Products) 2 of 2
Type (Divestiture) 6 of 6
State (Illinois) 4 of 4
Country (United States) 33 of 33
Year (2024) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-13 California Custom Fruits & Flavors

Irwindale, California, United States

California Custom Fruits & Flavors is a developer and manufacturer of custom-formulated specialty ingredients & flavors. The company develops tailored solutions for its diverse customer base of brands, retailers, and co-manufacturers across numerous food products and channels. California Custom Fruits & Flavors was formed in 1986 and is based in Irwindale, California.

Buy -

Seller(S) 1

SELLER

Steris

Dublin 2, Ireland

website

Category Company
Founded 1985
Sector Medical Products
Employees13,000
Revenue 4.6B USD (2022)
DESCRIPTION

Steris is a provider of pre-eminent infection prevention, decontamination, and surgical and critical care company. Steris healthcare services through knowledgeable people and innovative infection prevention, decontamination and health science technologies, products and services. Steris was founded in 1985 and is based in Dublin, Ireland.

DEAL STATS #
Overall 4 of 4
Sector (Medical Products) 2 of 2
Type (Divestiture) 4 of 4
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 Becton Dickinson s Surgical Instrumentation Assets

Franklin Lake, New Jersey, United States

Becton, Dickinson, and Co.'s Surgical Instrumentation Assets comprise surgical instrumentation, laparoscopic instrumentation, and sterilization container assets that include V. Mueller, Snowden-Pencer, and Genesis branded products, which are well-known providers of surgical instruments and sterilization containers to Healthcare Customers.

Buy $540M
Mergr

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