M&A Deal Summary

Ergotron Acquires Enovate Medical

On October 30, 2023, Ergotron acquired medical products company Enovate Medical from Riverside Partners

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

M&A Deal Summary
Date 2023-10-30
Target Enovate Medical
Sector Medical Products
Buyer(s) Ergotron
Sellers(s) Riverside Partners
Deal Type Add-on Acquisition

Target

Enovate Medical

Murfreesboro, Tennessee, United States
Enovate Medical is a manufacturer of mobile solutions and medical technologies for the healthcare marketplace. Enovate Medical understands the unique needs of healthcare providers and is dedicated to creating products that streamline work flow processes, reduce errors, enhance quality of patient care, increase patient confidence, and put focus back on the patient. Enovate Medical was founded in 2013 and is based in Murfreesboro, Tennessee.

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Buyer(S) 1

Buyer

Ergotron

St. Paul, Minnesota, United States
Category Company
Founded 1982
Sector Furniture
DESCRIPTION
Ergotron's corporate headquarters in St. Paul, Minnesota.
Ergotron's corporate headquarters in St. Paul, Minnesota.

Ergotron is a global company focused on improving how people work, learn, play and care for others. Ergotron was founded in 1982 and is based in St. Paul, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Riverside Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Riverside Partners is a specialist private equity firm focused on investments in healthcare and technology companies located throughout North America. The Firm has a particular interest in companies that are founder or family owned. Target companies are generally profitable with $3 to $15 million of EBITDA. Specific areas of interest within healthcare include suppliers to biopharmaceutical and medical device companies, medical technology and equipment, medical instrumentation, dental products and services, diagnostics and disposables, and specialized healthcare services. Areas of interest within technology include, analytical instrumentation, semiconductor equipment, industrial communications, wireless components, homeland security, and power generation technology. Transaction situations include partial or complete buyouts, recapitalizations, growth equity, divestitures, take privates, and strategic add-ons. Riverside Partners was formed in 1989 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 32 of 33
Sector (Medical Products) 7 of 7
Type (Add-on Acquisition) 14 of 15
State (Tennessee) 1 of 1
Country (United States) 32 of 33
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-28 Loftware

Portsmouth, New Hampshire, United States

Loftware is a provider of cloud-based Enterprise Labeling and Artwork Management solutions. Loftware was founded in 1986 and is based in Portsmouth, New Hampshire.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Net32

Cary, North Carolina, United States

Net32 is an online marketplace for purchasing dental supplies. The Company leverages proprietary technology to aggregate vendor and manufacturer catalogs into a database of hundreds of thousands of product listings that enables dental professionals to compare pricing easily and transparently. Net32 was founded in 1997 and is based in Cary, North Carolina.

Buy -
Mergr

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