M&A Deal Summary |
|
|---|---|
| Date | 2005-03-21 |
| Target | Medex |
| Sector | Medical Products |
| Buyer(s) | Smiths Group |
| Sellers(s) |
Stonehenge Partners
Water Street Healthcare Partners One Equity Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 925M USD |
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| Category | Company |
|---|---|
| Founded | 1851 |
| Sector | Diversified |
| Employees | 15,156 |
| Revenue | 3.0B GBP (2023) |
Smiths Group is a provider of practical applications of advanced technologies. Smiths Group was founded in 1851 and is based in London, England.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 8 |
| Sector (Medical Products) | 2 of 2 |
| Type (Add-on Acquisition) | 4 of 7 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 4 of 7 |
| Year (2005) | 1 of 1 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-06-01 |
DHD Healthcare
Canastota, New York, United States DHD Healthcare is now part of its acquiring firm, Smith Medical. DHD Healthcare developed, manufactured and marketed plastic devices for respiratory therapy, including incentive spirometers and positive airway pressure devices. |
Buy | $55M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-11-09 |
Kelvin Hughes
London, United Kingdom Kelvin Hughes designs produce and market radar sensors mainly for maritime and security applications. Among Kelvin Hughes products is the SharpEye™ solid-state high-performance pulse-Doppler radar family as well as the CxEye™ Command and Control software that allows the integration of multiple radar and camera sensors into a comprehensive display package. |
Sell | £52M |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Stonehenge Partners is a private equity firm that seeks equity and mezzanine investments in lower middle-market companies with at least $10 million in sales. Stonehenge looks to invest ranging from $10 million to $50 million of equity/junior capital to support management buyouts, leveraged acquisitions, recapitalizations, and growth capital financings. Stonehenge prefers businesses operating in manufacturing, distribution, business services and healthcare. Stonehenge avoids investing in real estate, oil and gas, high technology and 'industries that are susceptible to a high degree of cyclicality'. Stonehenge was formed in 1999 and is based in Columbus, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 38 |
| Sector (Medical Products) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 17 |
| State (Ohio) | 2 of 8 |
| Country (United States) | 4 of 37 |
| Year (2005) | 1 of 3 |
| Size (of disclosed) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-03-01 |
Brilliance Audio
Grand Haven, Michigan, United States Brilliance Audio, Inc. is an independent audiobook publisher in the United States. The company, founded by its current President and Publisher R. Michael Snodgrass in 1984, began with a mission to provide a quality listening experience at an affordable price, and continues that philosophy today. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-04-01 |
West Point Products
Valley Grove, West Virginia, United States West Point Products is an organization is "To be the supplier of choice for Premium Replacement Imaging Supplies and related services that add value to our customers." In support of this goal, West Point Products aims to be the most customer-friendly organization in the imaging industry, acknowledging the fact that our customers deserve to do business with a supplier that treats them with respect and integrity, making their daily lives easier. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Focused |
Water Street is a specialist private equity firm that targets investments in healthcare companies. Specific areas of interest within healthcare include diagnostic devices, medical products, pharmaceutical services, specialty distribution, specialty pharmaceuticals, and specialty services. Water Street targets non-core units of larger corporations and private middle-market companies. Transactions are typically valued between $50 and $500 million. Water Street does not invest in biotechnology, traditional healthcare facilities (hospitals, nursing homes) or early-stage companies without positive cash flow. Water Street was formed in 2005 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 31 |
| Sector (Medical Products) | 3 of 10 |
| Type (Add-on Acquisition) | 4 of 19 |
| State (Ohio) | 1 of 3 |
| Country (United States) | 4 of 30 |
| Year (2005) | 1 of 2 |
| Size (of disclosed) | 1 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-09-15 |
AbilityOne
Bolingbrook, Illinois, United States AbilityOne Corp. is a distributor of rehabilitation and assistive device products used to speed recovery, improve mobility and aid independence for injured, aging and physically-challenged adults and children. |
Sell | $575M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-05-09 |
Kendro Laboratory Products
Asheville, North Carolina, United States Kendro Laboratory Products is a provider of sample preparation solutions to the life science industry. Products include centrifuges, bioprocess separators, incubators, freezers, ovens and clean air equipment. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $300 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 63 |
| Sector (Medical Products) | 1 of 4 |
| Type (Add-on Acquisition) | 2 of 36 |
| State (Ohio) | 1 of 2 |
| Country (United States) | 2 of 42 |
| Year (2005) | 1 of 1 |
| Size (of disclosed) | 7 of 20 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-03-04 |
Progress Rail
Albertville, Alabama, United States Progress Rail is a provider of rail and transit products and services throughout North America. |
Buy | $405M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-05-03 |
Apollo Health Street
Americus, Georgia, United States Create the dominant healthcare BPO company in a highly fragmented and growing space. |
Buy | - |
