M&A Deal Summary

Covalon Acquires Cenorin - AquaGuard Business

On September 20, 2018, Covalon acquired medical products company Cenorin - AquaGuard Business from Cenorin for 17M CAD

Acquisition Highlights
  • This is Covalon’s 1st transaction in the Medical Products sector.
  • This is Covalon’s 0th largest (disclosed) transaction.
  • This is Covalon’s 1st transaction in the United States.
  • This is Covalon’s 1st transaction in Washington.
Investment Fate
  • Cenorin - AquaGuard Business was divested to a consortium of strategic buyers in 2021 for 38M CAD.

M&A Deal Summary
Date 2018-09-20
Target Cenorin - AquaGuard Business
Sector Medical Products
Buyer(s) Covalon
Sellers(s) Cenorin
Deal Type Divestiture
Deal Value 17M CAD

Target

Cenorin - AquaGuard Business

Seattle, Washington, United States
Cenorin LLC - AquaGuard Business is a provider of products to patients with crucial moisture protection for wound, surgical, and vascular access sites throughout the body while showering. Cenorin LLC - AquaGuard Business is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Covalon

Mississauga, Ontario, Canada
Category Company
Sector Medical Products
Revenue 27M CAD (2023)
DESCRIPTION

Covalon is a researcher, developer, and commercializes new healthcare technologies that help save lives around the world. Covalon's patented technologies, products, and services address the advanced healthcare needs of medical device companies, healthcare providers, and individual consumers. Covalon Technologies is based in Mississauga, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Cenorin - AquaGuard Business

Seattle, Washington, United States

Cenorin LLC - AquaGuard Business is a provider of products to patients with crucial moisture protection for wound, surgical, and vascular access sites throughout the body while showering. Cenorin LLC - AquaGuard Business is based in Seattle, Washington.

Sell CA$38M

Seller(S) 1

SELLER

Cenorin

Kent, Washington, United States
Category Company
Sector Medical Products
DESCRIPTION

Cenorin LLC is a healthcare partner offering solutions for infection control management and waste stream reduction. Cenorin LLC is based in Kent, Washington.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Mergr

Product

Company

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