M&A Deal Summary

Sodexo Acquires Patriot Medical Technologies

On September 3, 2002, Sodexo acquired medical products company Patriot Medical Technologies from American Capital

Acquisition Highlights
  • This is Sodexo’s 1st transaction in the Medical Products sector.
  • This is Sodexo’s 1st transaction in the United States.
  • This is Sodexo’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2002-09-03
Target Patriot Medical Technologies
Sector Medical Products
Buyer(s) Sodexo
Sellers(s) American Capital
Deal Type Add-on Acquisition

Target

Patriot Medical Technologies

Franklin, Tennessee, United States
Patriot provides asset management and testing and repair services for diagnostic and other medical equipment.

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Buyer(S) 1

Buyer

Sodexo

Issy-les-Moulineaux, France

Category Company
Founded 1966
Sector Internet Software and Services
Employees317,177
Revenue 23.8B EUR (2024)
DESCRIPTION

Sodexo engages in the design, management, and delivery of service solutions through on-site service solutions and motivation solutions. Sodexo was founded in 1966 and is based in Issy-les-Moulineaux, France.


DEAL STATS #
Overall 3 of 21
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 19
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 10
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-12-01 Partena AB

Hagersten, Sweden

Partena AB provider of contracted catering, cleaning, care and security services in Sweden and Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-27 Sodexho PASS USA

Newton, Massachusetts, United States

Sodexho PASS USA is a provider of commuter benefits administration.

Sell -

Seller(S) 1

SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 4 of 194
Sector: Medical Products M&A 1 of 5
Type: Add-on Acquisition M&A Deals 2 of 87
State: Tennessee M&A 1 of 3
Country: United States M&A 4 of 186
Year: 2002 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-01 Jaagir

Dallas, Texas, United States

Business and information technology consulting, specializing in consulting, customer relationship management, business intelligence, mobility, and software development and integration. Finance: Holding company.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-16 Bridgeport Machines

Bridgeport, Connecticut, United States

Manufacturer of CNC machine tools.

Buy -