M&A Deal Summary

Inverness Graham Investments Acquires VitalPath

On June 18, 2020, private equity firm Inverness Graham Investments acquired medical products company VitalPath

Acquisition Highlights
  • This is Inverness Graham Investments’ 4th transaction in the Medical Products sector.
  • This is Inverness Graham Investments’ 28th transaction in the United States.
  • This is Inverness Graham Investments’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2020-06-18
Target VitalPath
Sector Medical Products
Buyer(s) Inverness Graham Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

VitalPath

Roseville, Minnesota, United States
VitalPath develops and manufactures complex catheters and catheter shafts for a broad range of interventional and nonsurgical applications. The company has two working shifts with over fifty employees. VitalPath was founded in 2005 and is based in Roseville, Minnesota.

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Buyer(S) 1

Buyer

Inverness Graham Investments

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Inverness Graham Investments is the private equity arm of The Graham Group. The Firm looks to make controlling investments in lower mid-market companies throughout the US. Inverness targets capital-efficient businesses with strong/sustainable cash flow, differentiated products, and operating in growing markets. The Firm seeks to commit $20 to $80 million in companies valued up to $75 million. Sectors of interest include aerospace/defense, biotech/pharmaceuticals, building materials, business services, consumer services, packaging, industrial equipment/components, electronic equipment, food/beverages, medical devices/supplies, energy & power products/services, specialty chemicals, and technology hardware. Prospective transaction situations include buyouts, growth capital financings, recapitalizations, consolidations, and divestitures. Inverness Graham Investments was formed in 2003 and is based in Philadelphia. The Firm has an additional office in Los Angeles.

DEAL STATS #
Overall 28 of 36
Sector (Medical Products) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 13 of 16
State (Minnesota) 1 of 2
Country (United States) 28 of 36
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 KICTeam

Auburn, Maine, United States

KICTeam manufactures, distributes, and markets high quality, branded and private label single-use patented cleaning products to clean electronic devices that process transactions, facilitate payments, process orders and images, and print transaction records and documents. The Company’s products are used to clean a variety of FinTech electronic devices for a diverse group of industries including banking, hospitality, retail, logistics, transportation, and self-service markets. KICTeam was founded in 1997 and is based in Auburn, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-24 DataSource

Kansas City, Missouri, United States

DataSource, Inc. is a technology-enabled Business Process Outsourcing (“BPO”) solutions provider of print supply and marketing services for industry-leading brands in the restaurant/hospitality and retail market segments. DataSource provides the expertise, services, technology, and products to help companies precisely execute and manage their branded programs through end-to-end brand management solution. DataSource was founded in 1989 and is based in Kansas City, Missouri.

Sell -
Mergr

Product

Company

Legal