M&A Deal Summary

Capsa Healthcare Acquires Artromick International

On November 30, 2009, Capsa Healthcare acquired medical products company Artromick International from Prism Capital, Dubin Clark and Sterling Partners Private Equity

Acquisition Highlights
  • This is Capsa Healthcare’s 1st transaction in the Medical Products sector.
  • This is Capsa Healthcare’s 1st transaction in the United States.
  • This is Capsa Healthcare’s 1st transaction in Ohio.

M&A Deal Summary

Date 2009-11-30
Target Artromick International
Sector Medical Products
Buyer(s) Capsa Healthcare
Sellers(s) Prism Capital
Dubin Clark
Sterling Partners Private Equity
Deal Type Add-on Acquisition

Target

Artromick International

Columbus, Ohio, United States
Artromick International, Inc. is a manufacturer and supplier of medication carts and related drug packaging supplies and systems to the nursing home industry.

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Buyer(S) 1

Buyer

Capsa Healthcare

Canal Winchester, Ohio, United States

Category Company
Founded 1958
Sector Medical Products
DESCRIPTION

Capsa Healthcare engages in developing and delivering innovative healthcare solutions for hospitals, long-term care, and retail pharmacy providers. Capsa Healthcare was founded in 1958 and is headquartered in Canal Winchester, Ohio.


DEAL STATS #
Overall 1 of 8
Sector (Medical Products) 1 of 4
Type (Add-on Acquisition) 1 of 6
State (Ohio) 1 of 1
Country (United States) 1 of 7
Year (2009) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Kirby Lester

Lake Forest, Illinois, United States

Kirby Lester LLC is a pharmacy automation systems provider that offers a full suite of automated dispensing systems, including automatic tablet counters and robotic drug dispensing systems, to pharmacies in the U.S. and internationally.

Buy -

Seller(S) 3

SELLER

Prism Capital

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 190M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Prism Capital is a licensed SBIC investment firm focused on providing equity and mezzanine capital to lower middle market companies. Prism's Mezzanine practice looks to provide up to $7 million in financing for Midwest based mature industrial companies. Mezzanine capital is typically invested to support internal growth, recapitalizations, mergers, acquisitions and ownership changes. Prism also provides equity of $2 to $15 million through an Opportunity Fund. The Opportunity Fund invests in expansion stage IT companies as well as traditional manufacturing and service businesses with growth opportunities. Prism Capital was formed in 1999 and is based in Chicago, Illinois.


DEAL STATS #
Overall 10 of 30
Sector (Medical Products) 1 of 4
Type (Add-on Acquisition) 6 of 18
State (Ohio) 1 of 1
Country (United States) 10 of 30
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-27 Eze Trucking

Rialto, California, United States

Eze Trucking LLC provides specialty heavy and over-dimensional freight logistics services predominantly to customers in the infrastructure market. Eze Trucking was founded in 1972 and is based in Rialto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Fieldglass

Chicago, Illinois, United States

Fieldglass provides advanced web-based software applications to facilitate the procurement and management of skilled temporary (or 'contingent') employees. The Company's solution suites are modular, scalable and fully customizable along multiple dimensions, allowing customers unlimited flexibility in specifying, procuring, scheduling and tracking their contingent workforce.

Buy $2M
SELLER

Dubin Clark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Dubin Clark is a private equity firm that acquires and builds businesses in partnership with management. Following an acquisition, Dubin Clark typically invests additional capital to help fund acquisitions and grow the business. Target sectors include retail, healthcare services, manufacturing, and business services. The Firm is a long-term investor and does not formulate a pre-defined exit plan. Dubin Clark was formed in 1984 and is based in Jacksonville, Florida.


DEAL STATS #
Overall 5 of 15
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Ohio) 1 of 1
Country (United States) 5 of 15
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-09 Reel Power International

Oklahoma, Oklahoma, United States

Reel Power International is a manufacturer of specialty, proprietary, branded material handling equipment used in the manufacturing and handling of wire, cable, hose, pipe, tube, and other flexible materials. End-users include cable and wire manufacturers and distributors, and equipment manufacturers that incorporate Reel Power components into their products (e.g., construction, mining, and drilling equipment manufacturers). Reel Power services the oil and gas, marine, telecom, power, hose, pipe, tube, and wire rope industries. Reel Power International was founded in 1973 and is based in Oklahoma City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-26 Merex

Camarillo, California, United States

Merex Incorporated is a provider of comprehensive support for U.S. manufactured legacy defense platforms, including aircraft, helicopters, and their respective engines. Headquartered in Camarillo, CA, Merex is one of the few suppliers of a “total solution” for small to medium-sized project needs, including the supply of spares and components, the repair and overhaul of parts and systems, and the complete project management of system upgrades.

Buy -
SELLER
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $5 to $175 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.


DEAL STATS #
Overall 13 of 51
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 9 of 34
State (Ohio) 1 of 1
Country (United States) 13 of 49
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-05 Sleep Number

Minneapolis, Minnesota, United States

Sleep Number is a designer, manufacturer, marketer, and supporter of a line of adjustable-firmness mattresses featuring air-chamber technology branded as the Sleep Number's bed. The Company also produces bedding accessories. Sleep Number Corporation was formerly known as Select Comfort. Sleep Number was founded in 1987 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Foundation Partners

Orlando, Florida, United States

Foundation Partners is a provider of end-of-life transition services, owning and operating 38 funeral homes and six cemeteries in 13 states, and is actively seeking to expand its locations throughout the U.S. Foundation Partners was founded in 2010 and is based in Orlando, Florida.

Buy -