M&A Deal Summary

Avante Health Solutions Acquires Ultra Solutions

On October 2, 2018, Avante Health Solutions acquired medical products company Ultra Solutions from Salt Creek Capital

Acquisition Highlights
  • This is Avante Health Solutions’ 2nd transaction in the Medical Products sector.
  • This is Avante Health Solutions’ 2nd transaction in the United States.
  • This is Avante Health Solutions’ 1st transaction in California.

M&A Deal Summary

Date 2018-10-02
Target Ultra Solutions
Sector Medical Products
Buyer(s) Avante Health Solutions
Sellers(s) Salt Creek Capital
Deal Type Add-on Acquisition

Target

Ultra Solutions

Ontario, California, United States
Ultra Solutions is a provider of quality, pre-owned and refurbished ultrasound equipment. Ultra Solutions acquires, refurbishes, repairs and sells ultrasound equipment to hospitals, physician practices, and wholesale distributors. Ultra Solutions was founded in 2001 and is based in Ontario, California.

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Buyer(S) 1

Buyer

Avante Health Solutions

Chicago, Illinois, United States

Category Company
Founded 2017
Sector Medical Products
DESCRIPTION

Avante Health Solutions is a provider of medical, surgical, diagnostic imaging, and radiation oncology equipment, including sales, service, repair, parts, refurbishing, and installation. Avante Health Solutions was founded in 2017 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 2
Sector: Medical Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Oncology Services International

Montebello, New York, United States

Oncology Services International, Inc. is a provider of radiation therapy equipment, including linear accelerators and CT simulators. Oncology Services International was founded in 1985 and is based in Montebello, New York.

Buy -

Seller(S) 1

SELLER

Salt Creek Capital

Woodside, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Salt Creek Capital is a private equity firm focused on the lower middle-market. SCC targets growth oriented businesses (organic or through acquisitions) with the potential to lead their respective markets. Prospective companies are generally profitable ($1 million+ of EBITDA) and generate $5 to $150 million of revenue. Sectors of interest include business services, energy services, distribution, franchising, logistics, and specialty finance. Target transaction situations include recapitalizations, successions, growth capital financings, shareholder liquidity needs, MBOs, and divestitures. Salt Creek Capital is based in Woodside, California.


DEAL STATS #
Overall 8 of 20
Sector: Medical Products M&A 1 of 2
Type: Add-on Acquisition M&A Deals 4 of 6
State: California M&A 3 of 8
Country: United States M&A 7 of 19
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Drake Equipment

Phoenix, Arizona, United States

Drake Equipment is a manufacturer and supplier of commercial service bodies for work-ready trucks and other utility vehicles. Drake Equipment was founded in 1937 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Roman Products

Calumet City, Illinois, United States

Roman Products is a manufacturer of adhesives, primers, strippers, and related items used in the application of wallcoverings for consumers and professional contractors. Roman Products was founded in 1955 and is based in Calumet City, Illinois.

Sell -