M&A Deal Summary

Spectrum Plastics Group Acquires Fermatex Vascular Technologies

On May 24, 2018, Spectrum Plastics Group acquired medical products company Fermatex Vascular Technologies from Vance Street Capital

Acquisition Highlights
  • This is Spectrum Plastics Group’s 1st transaction in the Medical Products sector.
  • This is Spectrum Plastics Group’s 5th transaction in the United States.
  • This is Spectrum Plastics Group’s 1st transaction in Delaware.

M&A Deal Summary

Date 2018-05-24
Target Fermatex Vascular Technologies
Sector Medical Products
Buyer(s) Spectrum Plastics Group
Sellers(s) Vance Street Capital
Deal Type Divestiture

Target

Fermatex Vascular Technologies

Newark, Delaware, United States
Fermatex Vascular Technologies designs and manufactures highly engineered medical extrusions, braid reinforced extrusions and catheter sub-assemblies for many of the world’s leading medical device OEMS. The company was a pioneer in the contract design and manufacture of medical devices and has been providing extrusions to the medical device industry for more than 55 years.

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Buyer(S) 1

Buyer

Spectrum Plastics Group

Alpharetta, Georgia, United States

Category Company
Founded 2017
Sector Plastics
DESCRIPTION

Spectrum Plastics Group is a manufacturer of the thermoplastic profile, tube, and sheet plastic extrusions used in industrial, consumer, and other applications. Spectrum Plastics Group has manufacturing facilities in the U.S. and Mexico serving a variety of end-markets, including aerospace, retail, medical, traffic control, lighting, and fence. Spectrum Plastics Group was founded in 2017 and is based in Alpharetta, Georgia.


DEAL STATS #
Overall 5 of 9
Sector (Medical Products) 1 of 2
Type (Divestiture) 1 of 1
State (Delaware) 1 of 1
Country (United States) 5 of 7
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-13 Apex Resource Technologies

Pittsfield, Massachusetts, United States

Apex Resource Technologies is a full-service design engineering, tooling, and injection molding operation focused on high performance, specialty plastics for the medical device industry. Apex Resource Technologies is based in Pittsfield, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Earnan Biomedical

Wexford, United Kingdom

Earnan Biomedical is a provider of medical balloon technologies and solutions. Earnan Biomedical is based in Wexford, United Kingdom.

Buy -

Seller(S) 1

SELLER

Vance Street Capital

Pacific Palisades, California, United States

Investor Investor Investor Investor Investor


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

Vance Street Capital is a private equity firm focused on acquiring mid-market, profitable businesses in the aerospace, defense, industrial, and medical technology sectors. Vance Street looks for companies valued from $30 to $350 million with sustainable competitive advantages and proven management. Prospective transaction situations include recapitalizations, management buyouts, corporate divestitures, industry consolidations, and growth capital financings. Vance Street Capital was formed in 2007 and is based in Los Angeles, California.


DEAL STATS #
Overall 6 of 11
Sector (Medical Products) 1 of 2
Type (Divestiture) 1 of 1
State (Delaware) 1 of 1
Country (United States) 6 of 8
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 Fermatex Vascular Technologies

Newark, Delaware, United States

Fermatex Vascular Technologies designs and manufactures highly engineered medical extrusions, braid reinforced extrusions and catheter sub-assemblies for many of the world’s leading medical device OEMS. The company was a pioneer in the contract design and manufacture of medical devices and has been providing extrusions to the medical device industry for more than 55 years.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-30 Jet Parts Engineering

Seattle, Washington, United States

Jet Parts Engineering is a designer of proprietary OEM-alternative parts and repair services for the commercial aerospace industry. JPE provides proprietary aftermarket replacement components, known as Parts Manufacturing Approval (“PMA”) and complementary proprietary component repair services, known as Designated Engineering Representative (“DER”) repairs. JPE’s PMA parts and DER repairs deliver significant cost savings to its commercial airline and MRO customers. Jet Parts Engineering was founded in 1994 and is based Seattle, Washington.

Buy -