M&A Deal Summary

Marine Environmental Solutions AB Acquires Ohio Medical

On October 17, 2022, Marine Environmental Solutions AB acquired medical products company Ohio Medical from Tenex Capital Management for 127M USD

Acquisition Highlights
  • This is Marine Environmental Solutions AB’s 1st transaction in the Medical Products sector.
  • This is Marine Environmental Solutions AB’s largest (disclosed) transaction.
  • This is Marine Environmental Solutions AB’s 1st transaction in the United States.
  • This is Marine Environmental Solutions AB’s 1st transaction in Illinois.

M&A Deal Summary

Date 2022-10-17
Target Ohio Medical
Sector Medical Products
Buyer(s) Marine Environmental Solutions AB
Sellers(s) Tenex Capital Management
Deal Type Add-on Acquisition
Deal Value 127M USD

Target

Ohio Medical

Gurnee, Illinois, United States
Ohio Medical manufactures and distributes medical suction and oxygen therapy products and source equipment. SOT product offering includes branded suction/vacuum regulators, flowmeters, and medical gas hoses; Systems include medical gas pipelines, service, and source equipment. OMC was originally founded in 1910 and is based in Gurnee, Illinois.

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Buyer(S) 1

Buyer

Marine Environmental Solutions AB

Arsta, Sweden

Category Company
Sector Environmental
Revenue 160M SEK (2019)
DESCRIPTION

Marine Environmental Solutions specializes in the installation and retrofitting of Ballast Water Treatment Systems (BWTS) and Exhaust Gas Cleaning Systems (EGGS), as well as other services. As testimony to its expertise, The company has served numerous times as presenters and panel members by invitation at BWTS and EGCS conferences due to proven ability in the field. Marine Environmental Solutions is based in Arsta, Sweden.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Tenex Capital Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tenex Capital Management is a private investment group focused on acquiring control positions in profitable North American companies with $3 to $40 million of EBITDA. The Firm does not have any sector preferences and looks to commit up to $125 million per transaction. Tenex Capital Management was formed in 1999 and is based in New York City.


DEAL STATS #
Overall 23 of 24
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Illinois) 1 of 1
Country (United States) 23 of 24
Year (2022) 6 of 6
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-14 Network Coverage

Danvers, Massachusetts, United States

Network Coverage is a cloud-focused managed service provider (“MSP”) delivering comprehensive technology solutions that align IT needs with business outcomes. The Company has amassed a loyal client base who view Network Coverage as a trusted advisor to manage their entire IT environment leveraging modernized and secure solutions across business functions. In all solutions, it acts as a strategic partner to clients, positioning IT as a critical growth center, rather than a complex cost center. Network Coverage was formed in 1996 and is based in Danvers, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-22 Rose Paving

Bridgeview, Illinois, United States

Rose Paving is a provider of professional preventative and restorative parking lot maintenance services to businesses throughout the U.S., Canada and Puerto Rico. Rose performs its services nationally through its six satellite offices and a network of 1,200 alliance members. Rose delivers its services to retail, hospitality, health care and apartment companies with multiple locations. Rose Paving was founded in 1969 and is based in Bridgeview, Illinois.

Buy -