M&A Deal Summary

Hill-Rom Acquires Tridien Medical

On September 22, 2016, Hill-Rom acquired medical products company Tridien Medical from Compass Diversified

Acquisition Highlights
  • This is Hill-Rom’s 7th transaction in the Medical Products sector.
  • This is Hill-Rom’s 8th transaction in the United States.
  • This is Hill-Rom’s 1st transaction in Florida.

M&A Deal Summary

Date 2016-09-22
Target Tridien Medical
Sector Medical Products
Buyer(s) Hill-Rom
Sellers(s) Compass Diversified
Deal Type Add-on Acquisition

Target

Tridien Medical

Coral Springs, Florida, United States
Tridien Medical, Inc. is a manufacturer of medical therapeutic support surfaces and patient positioning devices that serve the acute care, long-term care, and home health care markets. These products are designed to prevent and treat pressure wounds experienced by patients with limited to no mobility. Tridien Medical was established in 2006 and is based in Coral Springs, Florida.

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Buyer(S) 1

Buyer

Hill-Rom

Chicago, Illinois, United States

Category Company
Founded 1915
Sector Medical Products
Employees10,000
Revenue 2.9B USD (2020)
DESCRIPTION

Hill-Rom manufactures and provides medical technologies and related services for the health care industry. Hill-Rom offers patient care systems, safe mobility and handling solutions, and non-invasive therapeutic products for various acute and chronic medical conditions, medical equipment rentals, surgical products, and information technology solutions. Hill-Rom was founded in 1915 and is based in Chicago, Illinois.


DEAL STATS #
Overall 11 of 15
Sector (Medical Products) 7 of 10
Type (Add-on Acquisition) 9 of 13
State (Florida) 1 of 2
Country (United States) 8 of 12
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-08 Welch Allyn

Skaneateles Falls, New York, United States

Welch Allyn, Inc. is a manufacturer of physical examination instruments and accessories and EMR-connected vital signs and cardiac monitoring solutions.

Buy $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Mortara Instrument

Milwaukee, Wisconsin, United States

Mortara Instrument, Inc. is a provider of a diagnostic cardiology and patient monitoring solutions, technologies and devices.

Buy $330M

Seller(S) 1

SELLER

Compass Diversified

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Compass Diversified is a holding company focused on acquiring controlling interests in profitable small to middle-market businesses in attractive niche industries. Compass generally looks for US-based companies with proven management in place, low technological and/or product obsolescence risk, diverse customers, and EBITDA of at least $20 million. Compass Diversified was founded in 1998 and is headquartered in Westport, Connecticut.


DEAL STATS #
Overall 10 of 16
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 4 of 7
State (Florida) 1 of 1
Country (United States) 10 of 15
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 5.11 Tactical

Irvine, California, United States

5.11 Tactical is a designer and marketer of purpose-built tactical apparel and gear serving a wide range of global customers including law enforcement, military special operations, and firefighters, as well as outdoor enthusiasts. 5.11 Tactical was established in 2003 and is based in Irvine, California.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Velocity Outdoor

Bloomfield, New York, United States

Velocity Outdoor is a designer, manufacturer, and marketer of airguns, archery products, optics and related accessories. Velocity Outdoor serves over 425 customers worldwide, including mass merchants, sporting goods retailers, online channels, and distributors serving smaller specialty stores and international markets. The company’s diversified product portfolio includes widely known enthusiast brands including Crosman, Ravin, Benjamin and CenterPoint. Velocity Outdoor was established in 1923 and is based in Bloomfield, New York.

Buy -