M&A Deal Summary

Massachusetts Capital Resources Company and Bunker Hill Capital Acquire Consolidated Sterilizer Systems

On August 22, 2023, mezzanine finance firm Massachusetts Capital Resources Company and private equity firm Bunker Hill Capital acquired medical products company Consolidated Sterilizer Systems

Acquisition Highlights
  • This is Massachusetts Capital Resources Company’s 3rd and Bunker Hill Capital’s 2nd transaction in the Medical Products sector.
  • This is Massachusetts Capital Resources Company’s 28th and Bunker Hill Capital’s 15th transaction in the United States.
  • This is Massachusetts Capital Resources Company’s 27th and Bunker Hill Capital’s 5th transaction in Massachusetts.

M&A Deal Summary

Date 2023-08-22
Target Consolidated Sterilizer Systems
Sector Medical Products
Buyer(s) Massachusetts Capital Resources Company
Bunker Hill Capital
Deal Type Recapitalization

Target

Consolidated Sterilizer Systems

Billerica, Massachusetts, United States
Consolidated Sterilizer Systems manufacturers steam sterilizers, also known as autoclaves, for laboratory and medical use. Consolidated Sterilizer Systems was founded in 1946 and is based in Billerica, Massachusetts.

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Buyer(S) 2

Buyer

Massachusetts Capital Resources Company

Boston, Massachusetts, United States

Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1977
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Massachusetts Capital Resource Company (MCRC) is a limited partnership privately owned and funded by Massachusetts-based life insurance companies. MCRC provides mezzanine financing for businesses with $3 to $100 million in revenue seeking capital to fund growth, strengthen balance sheets, or complete acquisitions. MCRC will consider investments in technology and non-technology companies seeking capital of $1 to $5 million. MCRC was formed in 1977 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 28 of 34
Sector (Medical Products) 3 of 3
Type (Recapitalization) 3 of 3
State (Massachusetts) 27 of 33
Country (United States) 28 of 34
Year (2023) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-15 Qualitas Dental Partners

Boston, Massachusetts, United States

Qualitas Dental Partners enables partner dentists to devote more time and energy to providing quality care to their patients. Qualitas Dental Partners was founded in 2022 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 Promoboxx

Boston, Massachusetts, United States

Promoboxx is a digital marketing platform that helps businesses connect with their local retailers to promote their brands and products. The platform enables brands to create and distribute marketing content to their retailers and also provides tools to measure the effectiveness of the campaigns. Promoboxx was formed in 2010 and is based in Boston, Massachusetts.

Buy -
Buyer

Bunker Hill Capital

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Bunker Hill Capital is a private equity firm that makes control investments in profitable, lower middle-market companies with EBITDA of $3 to $15 million. Bunker Hill looks for fundamentally sound businesses with defensible market positions, but at an 'inflection' point in its growth cycle. Sectors of interest include business services, industrial, retail, and consumer products and services. Bunker Hill Capital was formed in 2003 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 16 of 16
Sector (Medical Products) 2 of 2
Type (Recapitalization) 3 of 3
State (Massachusetts) 5 of 5
Country (United States) 15 of 15
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Taos

San Jose, California, United States

Taos is a multi-cloud consulting and managed services firm. The company brings years of experience with leading brands across technology, financial services, healthcare, retail, transportation and education. A leading adopter of public cloud technologies, Taos has forged strong partnerships with Amazon Web Services, Google Cloud Platform, and Microsoft Azure to deliver data center migration, platform engineering and hybrid cloud managed services.

Sell -