M&A Deal Summary

Prairie Capital and Caldera Capital Partners Acquire Statlab Medical Products

On September 4, 2009, private equity firm Prairie Capital and search fund Caldera Capital Partners acquired medical products company Statlab Medical Products

Acquisition Highlights
  • This is Prairie Capital’s 1st and Caldera Capital Partners’ 1st transaction in the Medical Products sector.
  • This is Prairie Capital’s 43rd and Caldera Capital Partners’ 1st transaction in the United States.
  • This is Prairie Capital’s 4th and Caldera Capital Partners’ 1st transaction in Texas.
Investment Fate
  • Statlab Medical Products was recapitalized in 2017.
  • Statlab Medical Products was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2009-09-04
Target Statlab Medical Products
Sector Medical Products
Buyer(s) Prairie Capital
Caldera Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Statlab Medical Products

McKinney, Texas, United States
Statlab Medical Products is a developer and manufacturer of cost-effective histology, cytology, and immunohistochemistry diagnostic supplies. StatLab offers 1,750 of the most commonly purchased diagnostic supplies used by independent and hospital-based anatomic pathology laboratories. Statlab Medical Products was founded in 1976 and is based in McKinney, Texas.

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Buyer(S) 2

Buyer

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 43 of 78
Sector: Medical Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 30 of 41
State: Texas M&A 4 of 6
Country: United States M&A 43 of 76
Year: 2009 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-30 SESI

Yardley, Pennsylvania, United States

SESI is a provider of non-public, for-profit educational services for children with learning and behavioral difficulties in the K-12 market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-21 Estes-Cox

Penrose, Colorado, United States

Estes-Cox Corp. dba Estes Industries is a leader in designing, manufacturing, and marketing high quality hobby products for novice users and hobby enthusiasts.

Sell -
Buyer

Caldera Capital Partners

Chicago, Illinois, United States

Category Search Fund
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Caldera Capital Partners is a search fund focused on acquiring one business or consumer service company. Caldera has particular interest in businesses with recurring revenue, diverse customers, identifiable growth opportunities, and at least 3 years of profitability and growth. Target businesses should have revenue growth in excess of 10% and at least $2 million in EBITDA. Sectors of interest include finance, accounting, legal, HR outsourcing, software, transaction and document processing, logistics and facilities management, niche marketing services, environmental services, specialty healthcare services, compliance, risk and fraud management, information and database services. Caldera Capital Partners was formed in 2007 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 Statlab Medical Products

McKinney, Texas, United States

Statlab Medical Products is a developer and manufacturer of cost-effective histology, cytology, and immunohistochemistry diagnostic supplies. StatLab offers 1,750 of the most commonly purchased diagnostic supplies used by independent and hospital-based anatomic pathology laboratories. Statlab Medical Products was founded in 1976 and is based in McKinney, Texas.

Sell -