M&A Deal Summary

Cadence Acquires Utitec

On January 3, 2023, Cadence acquired medical products company Utitec

Acquisition Highlights
  • This is Cadence’s 1st transaction in the Medical Products sector.
  • This is Cadence’s 2nd transaction in the United States.
  • This is Cadence’s 2nd transaction in Connecticut.

M&A Deal Summary
Date 2023-01-03
Target Utitec
Sector Medical Products
Buyer(s) Cadence
Deal Type Add-on Acquisition
Advisor(s) Brown Gibbons Lang (BGL) (Financial)

Target

Utitec

Watertown, Connecticut, United States
Utitec is a manufacturer specializing in miniature, deep drawn medical device and commercial components. Utitec is based in Watertown, Connecticut.

Search 201,429 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

Cadence

Staunton, Virginia, United States
Category Company
Founded 1985
Sector Medical Products
Employees475
DESCRIPTION

Cadence is a supplier of advanced products, technologies and services to medical device and specialty industrial companies worldwide. Cadence develops solutions-oriented relationships with customers and provides highly technical solutions that enable improved product performance in clearly measurable ways. Cadence is headquartered in Staunton, Virginia.

DEAL STATS #
Overall 2 of 3
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Connecticut) 2 of 2
Country (United States) 2 of 3
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Arcor Laser Services

Suffield, Connecticut, United States

Arcor Laser Services LLC specializes in precision laser welding, machining, marking, and drilling, as well as turnkey systems integration. Arcor is also an expert in the integration of laser processes into Swiss machining centers, enabling complex fabrication at a lower cost. The company is located in Suffield, Connecticut and consists of two facilities totaling 30,000 square feet.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 ARC Group Worldwide

Longmont, Colorado, United States

ARC Group Worldwide is a precision manufacturer specializing in Metal Injection Molding (MIM) and cleanroom plastic injection molding. ARC Group Worldwide is based in Longmont, Colorado.

Buy -
Mergr

Product

Company

Legal