M&A Deal Summary

BrightPath Capital Acquires Grand River Aseptic Manufacturing

On February 4, 2011, private equity firm BrightPath Capital acquired life science company Grand River Aseptic Manufacturing for 5M USD

Acquisition Highlights
  • This is BrightPath Capital’s 1st transaction in the Life Science sector.
  • This is BrightPath Capital’s largest (disclosed) transaction.
  • This is BrightPath Capital’s 3rd transaction in the United States.
  • This is BrightPath Capital’s 1st transaction in Michigan.
Investment Fate
  • Grand River Aseptic Manufacturing was sold to a consortium of financial buyers in 2017.

M&A Deal Summary
Date 2011-02-04
Target Grand River Aseptic Manufacturing
Sector Life Science
Buyer(s) BrightPath Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 5M USD

Target

Grand River Aseptic Manufacturing

Grand Rapids, Michigan, United States
website
Grand River Aseptic Manufacturing is a parenteral contract, development and manufacturing organization (“CDMO”) focused on the development, manufacture and finishing of parenteral pharmaceuticals. GRAM focuses on partnering with its pharmaceutical and biopharmaceutical customers to provide full life cycle aseptic solutions from development through commercialization. Grand River Aseptic Manufacturing was founded in 2010 and is based in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

BrightPath Capital

Indianapolis, Indiana, United States

website

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

BrightPath Capital, Inc. is a private equity firm that targets investments in small to mid-sized businesses. BrightPath will consider opportunities across the US, however the Firm primarily focuses on companies in the Midwest. Target businesses generally possess recurring/predictable cash-flows, low technology risk, strong/defensible market positions, and proven management. The Firm looks to invest $1 to $5 million in companies with at least $3 million in revenues and $500,000 in EBITDA. BrightPath is a generalist investor, however the Firm will not invest in high tech, retail, and restaurants. Prospective transaction types include MBOs, growth financings, acquisition financings, and recapitalizations. BrightPath Capital was formed in 2005 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 3 of 3
Sector (Life Science) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-29 AMS Uniforms

Lima, Ohio, United States

Affordable Medical Scrubs (AMS® Uniforms) was founded in 2002 with two employees. AMS® Uniforms began to build relationships and a customer base in the collegiate market. Today, our team has grown to over 200 employees and is a multi-million dollar manufacturer and distributor of our own AMS® brand of value uniforms and professional accessories. We have manufacturing services in 11 countries and strategic partnerships in place to provide products to the collegiate and retail markets. Our 250,000 square foot distribution center is centrally located in Ohio which allows us to efficiently service the entire U.S. In 2010, we launched the AMS® Uniforms retail division by opening stores at convenient locations in the U.S. This gives our customers even more accessibility to personalized service and our extensive product line.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-18 Consolidated Distribution

Lemont, Illinois, United States

Consolidated Distribution Corporation LLC is a foodservice supply chain logistics company serving the quick-serve, fast-casual and casual-dining restaurant, manufacturing and retail industries.

Sell -
Mergr

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