Secondary Buyout • Medical Products

MGG Investment Group Acquires United Medical Systems

On June 1, 2023, private equity firm MGG Investment Group acquired medical products company United Medical Systems from New State Capital Partners

Acquisition Context
  • This is MGG Investment Group’s 1st transaction in the Medical Products sector.
  • This is MGG Investment Group’s 1st transaction in the United States.
  • This is MGG Investment Group’s 1st transaction in Massachusetts.

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M&A Deal Summary

Date June 1, 2023
Target United Medical Systems
Sector Medical Products
Buyer(s) MGG Investment Group
Sellers(s) New State Capital Partners
Deal Type Secondary Buyout

Target Company

United Medical Systems

Westborough, Massachusetts, United States
United Medical Systems (UMS) is a provider of transportable medical technologies and solutions to hospitals and surgery centers across the U.S., Canada, and South America. United Medical Systems was founded in 1996 and is based in Westborough, Massachusetts.
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Buyer Overview 1

DESCRIPTION

MGG Investment Group is a private equity firm that invests in mid-size and growing lower-middle market companies. MGG considers North American businesses with EBITDA between $5 and $50 million. The Firm typically commits $10 to $200 million to support refinancings, dividend recapitalizations, corporate carve-outs, restructuring, and specialty loans. MGG is industry agnostic but has expertise in a variety of areas including the automotive, banking, construction, healthcare, media, retail, telecommunications, and utilities sectors. MGG Investment Group was established in 2014 and is based in New York, New York.


Deal Context for Buyer #
Overall 1 of 1
Sector: Medical Products 1 of 1
Type: Secondary Buyout 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

New State Capital Partners

New Rochelle, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $100 million in transactions valued up to $250 million. The Firm was formed in 2013 and is based in New York City.


Deal Context for Seller #
Overall 3 of 5
Sector: Medical Products 1 of 1
Type: Secondary Buyout 1 of 2
State: Massachusetts 1 of 1
Country: United States 3 of 5
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-24 Afimac

Guelph, Ontario, Canada

Afimac offers staffing, emergency response, security, risk management, and other business continuity services to image-conscious companies across North America. It offers an assortment of human capital solutions, pre-crisis contingency planning, and premium security and emergency response services to businesses representing nearly every industry. Afimac is based in Guelph, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-15 Finnoff Aviation Products

Broomfield, Colorado, United States

Finnoff Aviation Products is an international company specializing in performance products for Pilatus PC-12 aircraft worldwide for commercial and governmental use. The company was founded for the development, certification, and sales of products designed to enhance the performance, safety, comfort, and ease of use of the Pilatus PC-12 and Beechcraft King Air. Finnoff Aviation Products is based in Broomfield, Colorado.

Buy -