M&A Deal Summary

BPOC Acquires MPE

On October 1, 2019, private equity firm BPOC acquired medical products company MPE from Pfingsten Partners

Acquisition Highlights
  • This is BPOC’s 6th transaction in the Medical Products sector.
  • This is BPOC’s 32nd transaction in the United States.
  • This is BPOC’s 3rd transaction in Wisconsin.

M&A Deal Summary
Date 2019-10-01
Target MPE
Sector Medical Products
Buyer(s) BPOC
Sellers(s) Pfingsten Partners
Deal Type Secondary Buyout

Target

MPE

Milwaukee, Wisconsin, United States
MPE is a designer and manufacturer of mobile carts, consoles, tables, and assemblies primarily for the medical market. Products have numerous applications and are used in essentially every department of a hospital or outpatient facility. For over thirty years, MPE has served as a one-stop resource to design, engineer, develop, and build mobile medical carts. MPE was founded in 1978 and is based in Milwaukee, Wisconsin.

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Buyer(S) 1

Buyer

BPOC

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Beecken Petty O'Keefe & Company (BPOC) is a specialist private equity firm that targets investments in middle-market healthcare companies. Specific areas of interest within healthcare include, specialty distribution; provider and payor outsourcing; pharmacy, infusion, and home healthcare; outpatient an alternate site services; and medical products manufacturing with a focus on capital equipment. The Firm focuses on recapitalizations, buyouts, and growth capital investments. BPOC was formed in 1996 and is based in Chicago, Illinois.

DEAL STATS #
Overall 33 of 41
Sector (Medical Products) 6 of 6
Type (Secondary Buyout) 9 of 13
State (Wisconsin) 3 of 3
Country (United States) 32 of 40
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 ClareMedica Health Partners

Miami Lakes, Florida, United States

ClareMedica is a growing health care company that provides and coordinates comprehensive health care services for Medicare Advantage members and other customers through a network of employed and affiliated physicians. ClareMedica Health Partners was founded in 2016 and is based in Miami Lakes, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 EMSI

Irving, Texas, United States

EMSI is an outsourced service provider of medical information, risk adjustment and comprehensive investigative services to insurance companies, health insurers, and employers. The company currently services a broad range of customers across industries including Medicare Advantage and commercial health plans, life insurance and property and casualty insurance companies, academic research institutions, and major public and private corporations. EMSI was formed in 1974 and is based in Irving, Texas.

Sell -

Seller(S) 1

SELLER

Pfingsten Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Pfingsten's office building at 300 North LaSalle in Chicago.
Pfingsten's office building at 300 North LaSalle in Chicago.

Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.

DEAL STATS #
Overall 32 of 40
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 12 of 17
State (Wisconsin) 2 of 3
Country (United States) 32 of 40
Year (2019) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Bailey

Knoxville, Tennessee, United States

Bailey is a manufacturer and distributor of mobile fluid power components including hydraulic cylinders, power units, pumps, valves, motors, hoses and fittings, bearings, and bushings used primarily in mobile equipment applications. Since its founding, the company has evolved into a diversified, industry-leading manufacturer and distributor of highly engineered hydraulic cylinders and related products. Bailey was formed in 1976 and is headquartered in Knoxville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-26 Environmental Lights

San Diego, California, United States

Environmental Lights is a manufacturer and distributor of commercial accent LED lighting, specializing in highly engineered systems that create distinct visual experiences. The Company develops custom lighting solutions for applications in retail, stage/production, exhibit, hospitality, audiovisual and architectural settings. Environmental Lights was founded in 2006 and is based in San Diego, California.

Buy -
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