M&A Deal Summary

Stryker Acquires Gaymar Industries

On August 26, 2010, Stryker acquired medical products company Gaymar Industries from Nautic Partners for 150M USD

Acquisition Highlights
  • This is Stryker’s 2nd transaction in the Medical Products sector.
  • This is Stryker’s 18th largest (disclosed) transaction.
  • This is Stryker’s 7th transaction in the United States.
  • This is Stryker’s 1st transaction in New York.

M&A Deal Summary

Date 2010-08-26
Target Gaymar Industries
Sector Medical Products
Buyer(s) Stryker
Sellers(s) Nautic Partners
Deal Type Add-on Acquisition
Deal Value 150M USD

Target

Gaymar Industries

Orchard Park, New York, United States
Gaymar Industries is a leading designer and manufacturer of pressure ulcer management systems and temperature management systems for patients in acute care and alternate care settings. Gaymar's products include mattress overlays, mattress replacement systems, air and water based body temperature management systems, and blood/fluid warming systems.

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Buyer(S) 1

Buyer

Stryker

Kalamazoo, Michigan, United States

Category Company
Founded 1941
Sector Medical Products
Employees52,000
Revenue 20.5B USD (2023)
DESCRIPTION
Stryker's corporate headquarters in Kalamazoo, Michigan.
Stryker's corporate headquarters in Kalamazoo, Michigan.

Stryker is a medical technology company. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties. Stryker was founded in 1941 and is based in Kalamazoo, Michigan.


DEAL STATS #
Overall 7 of 48
Sector (Medical Products) 2 of 35
Type (Add-on Acquisition) 5 of 42
State (New York) 1 of 1
Country (United States) 7 of 33
Year (2010) 1 of 2
Size (of disclosed) 18 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-02 Stryker Imaging

Flower Mound, Texas, United States

Stryker Imaging provides an integrated range of imaging and information systems to the U.S. orthopedic market. Its products include EMR solutions, PACS, practice management software and offsite image backup services. The company was founded in 2000 and is based in Flower Mound, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-29 Porex Surgical

Newnan, Georgia, United States

Porex Surgical, Inc. is a developer, manufacturer and distributor of bioimplantable porous polyethylene products (PPE) for use primarily in reconstructive surgery of the head and face.

Buy -

Seller(S) 1

SELLER

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 15 of 47
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 7 of 18
State (New York) 1 of 3
Country (United States) 15 of 46
Year (2010) 2 of 5
Size (of disclosed) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-16 Milestone Aviation Group

Columbus, Ohio, United States

Milestone Aviation Group Limited ("Milestone") is the first global aircraft leasing company exclusively focused on helicopters and private jets. Headquartered in Dublin, Ireland, Milestone will be led by Rich Santulli, founder of NetJets and RTS Helicopters. Milestone provides aircraft owners and operators worldwide with personalized financing options not otherwise available.

Buy $550M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-08 Anthelio Healthcare Solutions

Dallas, Texas, United States

Anthelio Healthcare Solutions, Inc. (PHNS, Inc.) is a provider of comprehensive information technology and business process services to hospitals, healthcare providers and other businesses across the United States.

Sell $250M