M&A Deal Summary

Medtronic Acquires Titan Spine

On May 9, 2019, Medtronic acquired medical products company Titan Spine from Southlake Equity Group

Acquisition Highlights
  • This is Medtronic’s 45th transaction in the Medical Products sector.
  • This is Medtronic’s 40th transaction in the United States.
  • This is Medtronic’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2019-05-09
Target Titan Spine
Sector Medical Products
Buyer(s) Medtronic
Sellers(s) Southlake Equity Group
Deal Type Add-on Acquisition

Target

Titan Spine

Mequon, Wisconsin, United States
Titan Spine LLC is a surface technology company focused on the design and manufacture of interbody fusion devices for the spine. Titan is committed to advancing the science of surface engineering to enhance the treatment of various pathologies of the spine that require fusion. Titan Spine, markets a full line of Endoskeleton® interbody devices featuring its proprietary textured surface in the U.S. and portions of Europe through its sales force and a network of independent distributors. Titan Spine LLC was founded in 2005 and is based in Mequon, Wisconsin.

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Buyer(S) 1

Buyer

Medtronic

Dublin, Ireland

Category Company
Founded 1949
Sector Medical Products
Employees95,000
Revenue 32.4B USD (2024)
DESCRIPTION
Medtronic's operational headquarters in Fridley, Minnesota.
Medtronic's operational headquarters in Fridley, Minnesota.

Medtronic is a global medical technology company whose products aim to alleviate pain, restore health, and extend life. It serves hospitals, physicians, clinicians, and patients in approximately 160 countries worldwide. Medtronic was founded in 1949 and is based in Dublin, Ireland with its operational headquarters in Fridley, Minnesota.


DEAL STATS #
Overall 51 of 59
Sector (Medical Products) 45 of 52
Type (Add-on Acquisition) 49 of 57
State (Wisconsin) 1 of 1
Country (United States) 40 of 44
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-24 EPIX Therapeutics

Santa Clara, California, United States

EPIX Therapeutics, Inc. is a medical device company that designs and manufactures a novel, catheter-based, temperature-controlled cardiac ablation system for the treatment of patients with cardiac arrhythmias (irregular heartbeats), including atrial fibrillation (AF). EPIX Therapeutics, Inc. was founded in 2007 and is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 Osteotech

Eatontown, New Jersey, United States

Osteotech, Inc. is a provider of biologic solutions for regenerative medicine to support surgeons and their patients in the repair of the musculoskeletal system through the development of innovative therapy-driven products that alleviate pain, promote biologic healing and restore function. Osteotech was formed in 1986 and is based in Eatontown, New Jersey.

Sell -

Seller(S) 1

SELLER

Southlake Equity Group

Southlake, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Southlake Equity Group is a private equity firm focuses on lower middle-market manufacturing, distribution and services companies headquartered in the South Central US. The Firm looks to invests $20 to $50 million in companies with an enterprise value of $20 to $200 million and revenues of $25 to $200 million. Specific areas of interest include consumer products, business services, healthcare services or devices, industrial components, scientific instruments, furniture, shelving and storage fixtures, specialty packaging, specialty printing, and building materials. The Firm will not invest in restaurants, high-tech, commodities, real estate, and financial services. Southlake Equity Group was formed in 2007 and is based in Southlake, Texas.


DEAL STATS #
Overall 4 of 4
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 4 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-13 Titan Spine

Mequon, Wisconsin, United States

Titan Spine LLC is a surface technology company focused on the design and manufacture of interbody fusion devices for the spine. Titan is committed to advancing the science of surface engineering to enhance the treatment of various pathologies of the spine that require fusion. Titan Spine, markets a full line of Endoskeleton® interbody devices featuring its proprietary textured surface in the U.S. and portions of Europe through its sales force and a network of independent distributors. Titan Spine LLC was founded in 2005 and is based in Mequon, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-28 Silica Services

Frisco, Texas, United States

Silica Services is a frac sand producer. Silica Services offers a complete range of proppant products safely, reliably, and cost-effectively solutions to customers in key western US energy basins. Silica Services is based in Frisco, Texas.

Buy -