M&A Deal Summary

Halma Acquires IZI Medical

On October 3, 2022, Halma acquired medical products company IZI Medical from Shore Capital Partners for 138M GBP

Acquisition Highlights
  • This is Halma’s 10th transaction in the Medical Products sector.
  • This is Halma’s 0th largest (disclosed) transaction.
  • This is Halma’s 19th transaction in the United States.
  • This is Halma’s 1st transaction in Maryland.

M&A Deal Summary
Date 2022-10-03
Target IZI Medical
Sector Medical Products
Buyer(s) Halma
Sellers(s) Shore Capital Partners
Deal Type Add-on Acquisition
Deal Value 138M GBP

Target

IZI Medical

Owings Mills, Maryland, United States
IZI Medical is a developer, manufacturer, and provider of medical consumable accessories used in radiology, radiation therapy, vertebroplasty, and image-guided surgery procedures. IZI has built a diverse portfolio of products backed by strong intellectual property and currently sells to more than 1,000 domestic customers as well as internationally across 25 countries. IZI Medical was formed in 1991 and is based in Owings Mills, Maryland.

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Buyer(S) 1

Buyer

Halma

Amersham, United Kingdom
Category Company
Founded 1894
Sector Safety/Security
Employees7,000
Revenue 2.0B GBP (2024)
DESCRIPTION

Halma is a UK-based group of technology companies that makes products for hazard detection and life protection. Halma was founded in 1894 and is based in Amersham.

DEAL STATS #
Overall 54 of 56
Sector (Medical Products) 10 of 10
Type (Add-on Acquisition) 49 of 51
State (Maryland) 1 of 1
Country (United States) 19 of 19
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Texecom

Haslingden, United Kingdom

Texecom is a manufacturer of security sensor and alarm products including motion detectors, control panels and signalling equipment, perimeter protection devices, external sounders and fire detectors. Texecom was founded in 1986 and is based in Haslingden, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 WEETECH

Wertheim, Germany

WEETECH is a developer, manufacturer and marketer of test systems for wires, harnesses and electrical components. WEETECH was founded in 1973 and is based in Wertheim, Germany.

Buy -

Seller(S) 1

SELLER

Shore Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 9.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Shore Capital Partners is a private equity group focused on opportunities in healthcare, food/beverages, and business services. Specific healthcare areas of interest include infusion therapy, laboratory services, laboratory products/distribution, outpatient rehab therapy, and behavioral health. Shore looks to invest in proven businesses with stable cash-flows and 'significant' growth potential. Prospective companies typically have $5 to $50 million in sales and $1 to $7 million of EBITDA. Shore Capital was formed in 2009 and is based in Chicago, Illinois.

DEAL STATS #
Overall 10 of 17
Sector (Medical Products) 2 of 4
Type (Add-on Acquisition) 4 of 5
State (Maryland) 1 of 1
Country (United States) 10 of 17
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-30 EyeSouth Partners

Atlanta, Georgia, United States

EyeSouth Partners is an eye care physician services organization committed to partnering with leading physicians to build a premier network of eye care services in Georgia and the Southeast. EyeSouth’s partner practices’ clinical mission is to provide high-quality medical and surgical specialty eye care. The organization supports its affiliated practices and physician partners with capital, administrative resources, operating expertise, and strategic guidance with an absolute focus on clinical quality and a patient-first culture. EyeSouth Partners was founded in 2017 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Hueman

Jacksonville Beach, Florida, United States

Hueman is a recruitment company. Hueman has two recruiting divisions Your RPO Partner and Hueman Risk Adjustment Staffing, each designed to serve specific outsourced recruiting needs. Hueman is based in Jacksonville Beach, Florida.

Buy -
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