M&A Deal Summary

Caire Acquires MGC Diagnostics

On November 29, 2022, Caire acquired medical products company MGC Diagnostics from Altus Capital Partners

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

M&A Deal Summary
Date 2022-11-29
Target MGC Diagnostics
Sector Medical Products
Buyer(s) Caire
Sellers(s) Altus Capital Partners
Deal Type Add-on Acquisition

Target

MGC Diagnostics

Saint Paul, Minnesota, United States
MGC Diagnostics designs, develops, manufactures, and markets non-invasive cardiorespiratory diagnostic systems, accessories, and consumables for the detection, classification, and management of cardiorespiratory disease. MGC Diagnostics was founded in 1977 and is based in Saint Paul, Minnesota.

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Buyer(S) 1

Buyer

Caire

Ball Ground, Georgia, United States
Category Company
Sector Medical Products
DESCRIPTION

Caire is an oxygen equipment manufacturer has a legacy of expertise including Caire's time-proven portfolio of brands encompassing respiratory care diagnosis equipment; oxygen therapy devices designed for portable, at-home and military use; and turnkey on-site generation solutions for medical, commercial and environmental applications. Caire is based in Ball Ground, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Altus Capital Partners

Wilton, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 280M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Altus Capital Partners is a private equity firm focused on acquiring and investing in medium sized North American-based manufacturing companies. Altus looks for businesses with EBITDA of at least $4 million and valued between $25 and $100 million. Typical transaction types include buyouts, recapitalizations, and divestitures. Alta Capital Partners was formed in 2003 and is based in Wilton, Connecticut.

DEAL STATS #
Overall 14 of 14
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Minnesota) 1 of 1
Country (United States) 14 of 14
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Pinnacle X-Ray Solutions

Suwanee, Georgia, United States

Pinnacle X-Ray Solutions is a manufacturer of non-destructive testing and inspection (“NDT”) systems for manufacturers and service providers in the aerospace and defense, industrial, electronics, education/research, automotive, and medical markets. Pinnacle X-Ray Solutions is based in Suwanee, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-04 Air Innovations

North Syracuse, New York, United States

Air Innovations is a designer and builder of environmental process control systems for applications that cannot be addressed with standard HVAC equipment. The company customizes packaged solutions for temperature, humidity, filtration, and pressurization. Air Innovations was founded in 1986 and is based in North Syracuse, New York.

Buy -
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