M&A Deal Summary

Northern Pacific Group Acquires ThermaSolutions

On December 1, 2020, private equity firm Northern Pacific Group acquired medical products company ThermaSolutions

Acquisition Highlights
  • This is Northern Pacific Group’s 1st transaction in the Medical Products sector.
  • This is Northern Pacific Group’s 9th transaction in the United States.
  • This is Northern Pacific Group’s 5th transaction in Minnesota.

M&A Deal Summary

Date 2020-12-01
Target ThermaSolutions
Sector Medical Products
Buyer(s) Northern Pacific Group
Deal Type Buyout (LBO, MBO, MBI)

Target

ThermaSolutions

White Bear Lake, Minnesota, United States
ThermaSolutions manufactures and distributes the ThermoChem™ HT family of systems and customized procedure kits and disposables to assist in Hyperthermic Intraperitoneal Chemotherapy (HIPEC)* procedures. ThermaSolutions is based in White Bear Lake, Minnesota.

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Buyer(S) 1

DESCRIPTION

Northern Pacific Group is a private equity firm focused on acquiring and investing in lower middle-market companies with revenues between $10 and $100 million. Northern Pacific will consider opportunities throughout the US, however the Firm has a focus on businesses operating in the upper Midwest. Target companies typically exhibit possess recurring revenue, high gross margins, and opportunities for growth. Sectors of interest include technology and business services. Northern Pacific Group was formed in 2012 and is headquartered in Minneapolis, Minnesota.


DEAL STATS #
Overall 10 of 12
Sector (Medical Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 6
State (Minnesota) 5 of 5
Country (United States) 9 of 11
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Sungevity

Oakland, California, United States

Sungevity is a solar company focused on the residential market providing customers with 20-year leases. Sungevity is committed to providing homeowners and businesses across the nation with smart, simple and clean, solar energy solutions supported by best-in-class technology and customer experience. Sungevity was founded in 2007 and is based in Oakland, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 4D Factory

Santa Barbara, California, United States

4D Factory invests in the technology-driven evolution of the media landscape including platforms, content and applications and removing the friction between consumers and content, introducing modern, more secure payment systems, enabling users with a mobile phone to equally participate in the mobile media revolution. 4D Factory is based in Santa Barbara, California.

Buy -