M&A Deal Summary

Alere Acquires Arriva Medical

On November 30, 2011, Alere, Inc. acquired distribution company Arriva Medical LLC from Palm Beach Capital

Acquisition Highlights
  • This is Alere’s 1st transaction in the Distribution sector.
  • This is Alere’s 15th transaction in the United States.
  • This is Alere’s 1st transaction in Florida.

M&A Deal Summary

Date 2011-11-30
Target Arriva Medical LLC
Sector Distribution
Buyer(s) Alere, Inc.
Sellers(s) Palm Beach Capital
Deal Type Add-on Acquisition

Target

Arriva Medical LLC

Coral Springs, Florida, United States
website
Arriva Medical, based in Coral Springs, Florida, was formed in April 2009 by industry veterans David Wallace and Tim Stocksdale. The company is a national, mail-order distributor of diabetic testing supplies and related medical products, which are used by people with diabetes to self-monitor their blood glucose levels.

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Buyer(S) 1

Buyer

Alere, Inc.

Waltham, Massachusetts, United States

website


Category Company
Founded 1981
SectorHealthcare Services
Employees9,800
Revenue 2.6B USD (2014)
DESCRIPTION

Alere delivers reliable and actionable information through rapid diagnostic tests, resulting in better clinical and economic healthcare outcomes globally.


DEAL STATS #
Overall 18 of 24
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 17 of 23
State (Florida) 1 of 2
Country (United States) 15 of 20
Year (2011) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Wellogic ME FZ- LLC

Dubai, United Arab Emirates

Wellogic ME FZ- LLC is a provider of cloud based health information exchange (HIE), EHR certified for Meaningful Use and care coordination solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-13 Medical Automation Systems, Inc.

Charlottesville, Virginia, United States

Medical Automation Systems, Inc. is a provider of information management systems for point-of-care testing.

Buy -

Seller(S) 1

SELLER

Palm Beach Capital

West Palm Beach, Florida, United States

Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 325M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Palm Beach Capital (PBC) is a generalist private equity firm which specializes in making investments in smaller private companies with at least $5 million in EBITDA. PBC prefers low technology business with high revenue growth rates. The Firm's geographic preference is for opportunities located in South Florida. Target companies are typically valued between $20 and $200 million. PBC looks to commit $5 to $50 million per investment. Palm Beach Capital was formed in 2001 and is headquartered in Palm Beach, Florida.


DEAL STATS #
Overall 9 of 15
Sector (Distribution) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (Florida) 8 of 12
Country (United States) 9 of 15
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 magicJack LP

West Palm Beach,, Florida, United States

magicJack VocalTec Ltd. Is based in West Palm Beach, Florida and is a provider of carrier-class voice over Internet protocol (VoIP) and convergence solutions for fixed and wireless communication service providers. The Company’s main product offering, the magicJack, provides a low cost alternative to consumers and businesses seeking additional phone lines or local carrier alternatives.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Unitrans International Corp.

Inglewood, California, United States

Unitrans International Corp. is a provider of international logistics solutions. Unitrans offers customers international ocean and air transportation management, customs house brokerage, and domestic logistics solutions, with a focus on complex, cold chain, and high value shipments. Unitrans International Corp. was established in 1977 and is based in Inglewood, California.

Buy -