M&A Deal Summary

Avista Healthcare Partners Acquires Trillium Health Care Products

On August 7, 2024, private equity firm Avista Healthcare Partners acquired medical products company Trillium Health Care Products from New Water Capital

Acquisition Highlights
  • This is Avista Healthcare Partners’ 9th transaction in the Medical Products sector.
  • This is Avista Healthcare Partners’ 1st transaction in Canada.
  • This is Avista Healthcare Partners’ 1st transaction in Ontario.

M&A Deal Summary

Date 2024-08-07
Target Trillium Health Care Products
Sector Medical Products
Buyer(s) Avista Healthcare Partners
Sellers(s) New Water Capital
Deal Type Secondary Buyout

Target

Trillium Health Care Products

Brockville, Ontario, Canada
Trillium Health Care Products is a manufacturer of branded and private label personal care products (primarily bar soap), prescription drugs and over-the-counter pharmaceutical products. Trillium Health Care Products was founded in 1993 and is based in Brockville, Ontario.

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Buyer(S) 1

Buyer

Avista Healthcare Partners

New York, New York, United States

Category Private Equity Firm
Founded 2005
PE ASSETS 8.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.


DEAL STATS #
Overall 54 of 54
Sector (Medical Products) 9 of 9
Type (Secondary Buyout) 19 of 19
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-16 Terrats Medical

Barcelona, Spain

Terrats Medical manufactures and markets a wide variety of high-quality, high-value dental prosthetics, including abutments, implants, and related products. Terrats Medical was founded in 1947 and is based in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-19 Solmetex

Marlborough, Massachusetts, United States

Solmetex provides dental amalgam separator devices and amalgam recycling services to the dental industry. The company’s NXT Hg5 Series of Amalgam Separators and recycling program, which treat dental wastewater, is highly regarded as the best solution for regulatory compliance. Solmetex was founded in 1994 and is based in Northborough, Massachusetts.

Sell -

Seller(S) 1

SELLER

New Water Capital

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 406M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New Water Capital is a private equity firm focused on special situation investments in the consumer products, retail, manufacturing, and services sectors. New Water seeks under performing companies, corporate carve-outs, turnarounds, as well as businesses in transition, either growth challenged or facing succession issues. New Water will consider opportunities throughout the US and Canada and seeks businesses with $30 to $300 million in revenue. New Water Capital was formed in 2014 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 11 of 11
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2024) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Bulk Lift International

St. Charles, Illinois, United States

Bulk Lift International is a manufacturer and supplier of customized flexible intermediate bulk containers, bulk bags, totes, small packaging, and dry bulk container liners serving the chemical, food, minerals, agriculture, waste, and pharmaceuticals markets. Bulk Lift International was founded in 1978 and is based in St. Charles, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-03 Dutch Gold Honey

Lancaster, Pennsylvania, United States

Dutch Gold Honey is a honey packaging business that produces honey and maple syrup products. It is comprised of several business: McLure’s Honey & Maple Products, Gamber Container Company, The Bacon Jug Company and DGH Logistics. Dutch Gold Honey was formed in 1946 and is based in Lancaster, Pennsylvania.

Buy -