M&A Deal Summary

FCF Partners Acquires Seattle Systems

On September 17, 2003, private equity firm FCF Partners acquired medical products company Seattle Systems

Acquisition Highlights
  • This is FCF Partners’ 1st transaction in the Medical Products sector.
  • This is FCF Partners’ 10th transaction in the United States.
  • This is FCF Partners’ 1st transaction in Washington.
Investment Fate
  • Seattle Systems was sold to a strategic buyer in 2005.

M&A Deal Summary

Date 2003-09-17
Target Seattle Systems
Sector Medical Products
Buyer(s) FCF Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Seattle Systems

Poulsbo, Washington, United States
Seattle Systems is the largest domestic manufacturer of prosthetic and orthotic devices including a full line of orthopedic bracing devices. All products offer both tangible and intangible value since Seattle Systems helps to minimize the medical issues that amputees and orthopedic patients face while dramatically helping them realize their full mobility potential. Seattle Systems also tailors its products, such as prosthetic lower limb components, to appeal to both the patient's physical comfort (good fit) and aesthetic desires (natural flesh-looking prosthetics).

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Buyer(S) 1

Buyer

FCF Partners

Milwaukee, Wisconsin, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 130M USD
Size Small
Type Sector Agnostic
DESCRIPTION

FCF Partners is a private equity firm that focuses on control investments in established, smaller middle-market companies in Wisconsin and the Upper Midwest. FCF targets businesses generating revenues of $10 to $75 million and EBITDA of at least $2 million. Sectors of interest include food/food equipment, manufacturing, distribution, service, medical devices, chemicals, paper converting, packaging, machinery, nice manufacturing, financial services, business services, and later-stage technology. The Firm's target investment size is $2 to $15 million. FCF was formed in 1999 and is based in Milwaukee.


DEAL STATS #
Overall 10 of 10
Sector: Medical Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 7
State: Washington M&A 1 of 1
Country: United States M&A 10 of 10
Year: 2003 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-01 Riverside Engineering

San Antonio, Texas, United States

Riverside Engineering designs, manufacturers, and installs the highest capacity metal shredding systems in the world. The Company?s product offerings include service, repair, design, installation, and refurbishment of shredding systems, as well as a complete line of wear-parts used in the metal recycling industry

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-17 Production Stamping

Milwaukee, Wisconsin, United States

Production Stamping Corporation (PSC), is a design, stamping and assembly company specializing in the production of longer run assembled components, weldments and stampings. The Company is in a state of the art facility, has a top-notch design and engineering group and has invested heavily in the past several years to provide capacity for growth and to allow for more efficient operations. Markets served include lawn & garden, sporting goods, automotive and others.

Sell -