M&A Deal Summary

Mirion Acquires CIRS

On November 11, 2021, Mirion acquired medical products company CIRS from Castleray Investments for 54M USD

Acquisition Highlights
  • This is Mirion’s 2nd transaction in the Medical Products sector.
  • This is Mirion’s largest (disclosed) transaction.
  • This is Mirion’s 8th transaction in the United States.
  • This is Mirion’s 1st transaction in Virginia.

M&A Deal Summary

Date 2021-11-11
Target CIRS
Sector Medical Products
Buyer(s) Mirion
Sellers(s) Castleray Investments
Deal Type Add-on Acquisition
Deal Value 54M USD

Target

CIRS

Norfolk, Virginia, United States
website
CIRS is a medical device company that specializes in material science applications for the imaging diagnostics market. Customers include OEMs, hospitals, and research laboratories. CIRS products simulate human tissue response under CT, X-Ray, radiation, ultrasound, and MRI systems. CIRS is widely regarded as a worldwide leader in its field. CIRS was founded in 1983 and is based in Norfolk, Virginia.

Search 192,349 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Mirion

Atlanta, Georgia, United States

website


Category Company
Founded 2005
Sector Test/Measurement Equipment
Employees2,600
DESCRIPTION

Mirion is a provider of radiation detection, measurement, analysis, and monitoring products and services to the nuclear power, medical, military, and homeland security markets. Mirion Technologies was founded in 2005 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 12 of 13
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 7 of 7
State (Virginia) 1 of 1
Country (United States) 8 of 9
Year (2021) 4 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 CHP Dosimetry

Clinton, Tennessee, United States

CHP Dosimetry is a distributor of dosimetry services for medical practices, veterinary offices, universities, and government agencies, as well as industrial and environmental companies. CHP Dosimetry was founded in 2004 and is based in Clinton, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 Collins Aerospace - Critical Infrastructure Business

Carrolton, Texas, United States

Collins Aerospace's Critical Infrastructure Business specializes in command-and-control software solutions for nuclear power plants and government facilities to protect their systems against cybersecurity threats or compromises. Collins Aerospace's Critical Infrastructure Business is based in Carrolton, Texas.

Buy -

Seller(S) 1

SELLER

Castleray Investments

Chicago, Illinois, United States

website


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

Castleray Investments LLC is a private investment holding firm that invests in lower middle market companies primarily located in North America. Castleray focuses on companies with strong middle management teams, diverse customers, revenues between $5 to $50 million and cash flow over $1 million. Castleray's specific areas of interest include consumer products, medical devices, electronics and law enforcement. The Firm will consider a variety of transaction types, including buyouts, recapitalizations, corporate spinoffs and distressed situations. Castleray Investments LLC was formed in 2002 and has offices in Texas and Illinois.


DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Midwest Products

Hobart, Indiana, United States

Midwest Products Co., Inc. is a manufacturer and distributor of model airplanes is now a leading worldwide supplier of high-quality raw materials, accessories, and kits to distributors and retailers. Midwest Products are used for leisure, educational purposes, and professional pursuits. Midwest Products Co. was founded in 1952 and is based in Hobart, Indiana.

Sell -