M&A Deal Summary

Madison Dearborn Partners and Guidon Partners Acquire Performance Health

On August 28, 2015, private equity firms Madison Dearborn Partners and Guidon Partners acquired distribution company Performance Health from Patterson Companies for 715M USD

Acquisition Highlights
  • This is Madison Dearborn Partners’ 2nd and Guidon Partners’ 1st transaction in the Distribution sector.
  • This is Madison Dearborn Partners’ 15th and Guidon Partners’ largest (disclosed) transaction.
  • This is Madison Dearborn Partners’ 58th and Guidon Partners’ 1st transaction in the United States.
  • This is Madison Dearborn Partners’ 10th and Guidon Partners’ 1st transaction in Illinois.

M&A Deal Summary
Date 2015-08-28
Target Performance Health
Sector Distribution
Buyer(s) Madison Dearborn Partners
Guidon Partners
Sellers(s) Patterson Companies
Deal Type Divestiture
Deal Value 715M USD

Target

Performance Health

Warrenville, Illinois, United States
Patterson Medical's corporate headquarters in Warrenville, Illinois.
Patterson Medical's corporate headquarters in Warrenville, Illinois.
Performance Health is a multichannel branded supplier to the global rehabilitation, recovery and sports medicine markets. Its proprietary product portfolio consists of market leading health and wellness brands, including Biofreeze, TheraBand, Hygenic and Cramer. Performance Health was founded in 1918 and is based in Warrenville, Illinois.

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Buyer(S) 2

Buyer

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.

DEAL STATS #
Overall 66 of 99
Sector (Distribution) 2 of 3
Type (Divestiture) 6 of 10
State (Illinois) 10 of 12
Country (United States) 58 of 85
Year (2015) 3 of 3
Size (of disclosed) 15 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-29 LA Fitness International

Irvine, California, United States

LA Fitness is a operator of full-service fitness clubs and currently serves over 1,000,000 members in over 275 clubs from New York to California. Clubs range in size from 20,000 to 60,000 square feet and typically offer access to circuit training equipment, free weights, cardiovascular equipment, aerobics programs, swimming pools, whirlpools, saunas and steam rooms, as well as racquetball and basketball courts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 Aderant Holdings

Atlanta, Georgia, United States

Aderant Holdings, Inc. is an independent legal software provider that offers comprehensive practice, financial and case management solutions for law and professional services firms of all sizes worldwide.

Sell $675M
Buyer

Guidon Partners

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Guidon Partners is a healthcare focused investment firm. It was formed in 2014 and is based in Richmond, Virginia.

DEAL STATS #
Overall 1 of 3
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 PurFoods

Ankeny, Iowa, United States

PurFoods is a provider of home delivered meals to Medicaid clients. Company started PurFoods (pure·foods) to help people, like ourselves, who care for a loved one and want to ensure they have access to healthy meals that are convenient to prepare. PurFoods was founded in 1999 and is based in Ankeny, Iowa.

Buy -

Seller(S) 1

SELLER

Patterson Companies

St. Paul, Minnesota, United States
Category Company
Founded 1877
Sector Distribution
Employees7,800
Revenue 6.6B USD (2024)
DESCRIPTION
Patterson Companies' corporate headquarters in St. Paul, Minnesota.
Patterson Companies' corporate headquarters in St. Paul, Minnesota.

Patterson Companies is a specialty distributor serving the dental, veterinary, and rehabilitation supply markets. Patterson's largest business unit is Patterson Dental. The company supplies to dentists, dental laboratories, institutions, and other healthcare professionals. It provides consumable products (including x-ray film, restorative materials, hand instruments, and sterilization products); basic and advanced technology dental equipment; practice management and clinical software; patient education systems; and office forms and stationery. Patterson Companies was founded in 1877 and is based in St. Paul, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-04 Animal Health International

Westlake, Texas, United States

Animal Health International, Inc. is a provider of animal health products, services and technologies company in North America, representing and distributing products for more than 1,000 manufacturers in the areas of companion animal, equine, beef and dairy cattle, poultry and swine.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Miller Vet Supply

West Point, Nebraska, United States

Miller Vet Supply is a multiregional veterinary distributor with four distribution facilities located in the South, Southeast, and East Coast. Miller Vet Supply was founded in 1920 and is based in West Point, Nebraska.

Buy -
Mergr

Product

Company

Legal