M&A Deal Summary

Resilience Capital Partners and North Park Capital Partners Acquire Innovatus Imaging

On September 6, 2017, private equity firm Resilience Capital Partners and distressed investor North Park Capital Partners acquired medical products company Innovatus Imaging

Acquisition Highlights
  • This is Resilience Capital Partners’ 1st and North Park Capital Partners’ 1st transaction in the Medical Products sector.
  • This is Resilience Capital Partners’ 34th and North Park Capital Partners’ 2nd transaction in the United States.
  • This is Resilience Capital Partners’ 6th and North Park Capital Partners’ 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2017-09-06
Target Innovatus Imaging
Sector Medical Products
Buyer(s) Resilience Capital Partners
North Park Capital Partners
Deal Type Consolidation

Target

Innovatus Imaging

Pittsburgh, Pennsylvania, United States
Innovatus Imaging is a provider of customer service and repair capabilities for radiology devices including ultrasound probes, magnetic resonance imaging (MR) Coils, computed radiography readers, and dry film printers. Innovatus Imaging sells and installs digital radiography detectors and manufactures specialty ultrasound products. Innovatus Imaging was founded in 2017 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 2

Buyer

Resilience Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 675M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Resilience Capital Partners is a private equity firm focused on investing in lower middle-market underperforming and turnaround situations. Resilience targets non-core divisions or subsidiaries, companies with severe operational issues, businesses suffering from insufficient management focus, and privately held companies with lack of access to capital. Sectors of interest include niche manufacturing, specialty chemicals, and industrial services. Prospective companies are generally located in North America with $25 to $250 million in revenue, and EBITDA typically under $20 million. Resilience Capital Partners was formed in 2001 and is located in Cleveland, Ohio.


DEAL STATS #
Overall 34 of 41
Sector (Medical Products) 1 of 1
Type (Consolidation) 2 of 2
State (Pennsylvania) 6 of 6
Country (United States) 34 of 40
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Lux Global Label

Lafayette Hill, Pennsylvania, United States

Lux Global Label is a provider of high-quality labeling, security, and specialty packaging solutions. Lux specializes in prime decoration, including labels, sleeves, sachets, and coupons, for some of the world’s most respected companies in branded consumer products industry. Lux Global Label was founded in 2017 and is based in Lafayette Hill, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-01 Arlington Valley Farms

Cleveland Heights, Ohio, United States

Arlington Valley Farms is a provider of branded frozen convenience meals for retail and food service. Arlington Valley Farms was founded in 2009 and is based in Cleveland Heights, Ohio.

Buy -
DESCRIPTION

North Park Capital Partners is a private investment firm focused on special situations including divestitures, turnarounds, and court-ordered receiverships. The Firm targets opportunities valued between $3 to $30 million located in the Midwest and mid-Atlantic regions of the US. Sectors of interest include manufacturing, distribution, business services, healthcare products/services, retail, restaurants, consumer, and oil/gas. North Park Capital Partners was established in 2016 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Consolidation) 1 of 1
State (Pennsylvania) 2 of 2
Country (United States) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-15 All-American Hose

Union City, Pennsylvania, United States

All-American Hose is a provider of hoses and high-pressure components for firefighting, military, and water management customers around the world. All-American Hose products are sold under the well-known Snap-tite Hose, Ponn Fire Hose, and National Fire Hose brands. All-American Hose is based in Union City, Pennsylvania.

Buy -