M&A Deal Summary

Tecomet Acquires 3D Medical Manufacturing

On August 22, 2014, Tecomet acquired medical products company 3D Medical Manufacturing from Scorpion Capital Partners, Prism Capital, Greenwoods Capital Partners and Brookside Equity Partners

Acquisition Highlights
  • This is Tecomet’s 2nd transaction in the Medical Products sector.
  • This is Tecomet’s 3rd transaction in the United States.
  • This is Tecomet’s 1st transaction in Florida.

M&A Deal Summary
Date 2014-08-22
Target 3D Medical Manufacturing
Sector Medical Products
Buyer(s) Tecomet
Sellers(s) Scorpion Capital Partners
Prism Capital
Greenwoods Capital Partners
Brookside Equity Partners
Deal Type Add-on Acquisition

Target

3D Medical Manufacturing

Riviera Beach, Florida, United States
3D Medical Manufacturing is a manufacturer of critical high precision medical device implants, cutting tools, instruments, and electro-mechanical assemblies. Specializing in full service fabrication from materials of Titanium, Stainless Steel, PEEK, precious metal, Aluminum, and plastic that demand close tolerances and superior cosmetic finishing.

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Buyer(S) 1

Buyer

Tecomet

Wilmington, Massachusetts, United States
Category Company
Founded 1964
Sector Medical Products
DESCRIPTION

Tecomet is a contract manufacturer of precision-engineered medical devices and components for the orthopedic, cardiovascular, medical imaging and aerospace markets. The company manufactures orthopedic implants as well as trauma and cranio-maxillofacial products for medical device customers (accounting for 70% of revenue). Tecomet also makes aerospace and industrial products, including components for satellites and infrared applications. Tecomet was founded in 1964 and is based in Wilmington, Massachusetts.

DEAL STATS #
Overall 3 of 6
Sector (Medical Products) 2 of 5
Type (Add-on Acquisition) 2 of 5
State (Florida) 1 of 1
Country (United States) 3 of 5
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-17 Teleflex Medical - Orthopedics Business

United States

Teleflex Medical - Orthopedics Business specializing in custom surgical instruments and implants. business includes Beere Medical brand of standard and custom instruments, precision ratchet drivers, torque wrenches and molded silicone handles as well as one of the world's largest collections of high-quality, forged surgical instruments for orthopedic and spinal procedures.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-05 Symmetry Medical

Warsaw, Indiana, United States

Symmetry Medical, Inc. is a provider of medical device solutions, including surgical instruments, orthopedic implants, and sterilization cases and trays.

Buy -

Seller(S) 4

SELLER

Scorpion Capital Partners

New York, New York, United States
Category Private Equity Firm
Founded 1995
PE ASSETS 120M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Scorpion Capital Partners LP is a private equity firm that partners with management to invest in smaller middle-market companies. Scorpion looks to make equity or equity like investments of $5 to $10 million in businesses with $10 to $100 million of revenue and EBITDA of $4 to $25 million. The Firm will consider both control and minority investment to support growth capital needs, recapitlizations, divestitures, take privates, and family successions. Scorpion has no industry focus, however the Firm will not invest in real estate, gaming, tobacco, biotechnology, software development, as well as start-up and early stage ventures. Scorpion Capital Partners was originally established in 1995 and is based in New York City.

DEAL STATS #
Overall 6 of 8
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Florida) 1 of 1
Country (United States) 6 of 8
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-13 Cheniere Energy

Houston, Texas, United States

Cheniere Energy is an energy company that primarily engages in the development, construction, ownership, and operation of onshore liquefied natural gas (LNG) receiving terminals and natural gas pipelines along the Gulf Coast of the United States. Cheniere Energy was founded in 1983 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-02 Creative Group

Appleton, Wisconsin, United States

Creative Group, Inc. is a full-service performance improvement company focused on meeting and event management, group incentive travel and individual recognition solutions.

Sell -
SELLER

Prism Capital

Chicago, Illinois, United States

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 190M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Prism Capital is a licensed SBIC investment firm focused on providing equity and mezzanine capital to lower middle market companies. Prism's Mezzanine practice looks to provide up to $7 million in financing for Midwest based mature industrial companies. Mezzanine capital is typically invested to support internal growth, recapitalizations, mergers, acquisitions and ownership changes. Prism also provides equity of $2 to $15 million through an Opportunity Fund. The Opportunity Fund invests in expansion stage IT companies as well as traditional manufacturing and service businesses with growth opportunities. Prism Capital was formed in 1999 and is based in Chicago, Illinois.

DEAL STATS #
Overall 22 of 30
Sector (Medical Products) 3 of 4
Type (Add-on Acquisition) 12 of 18
State (Florida) 2 of 2
Country (United States) 22 of 30
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-25 Fusion Specialties

Broomfield, Colorado, United States

Fusion is a team of artists, engineers, and project managers whose top priority is to listen to peoples wishes, brand learning and delivering custom solutions tailored specifically to the satisfaction of it's customers. The areas focused on are Custom design, value engineering, and innovative manufacturing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Celleration

Eden Prairie, Minnesota, United States

Celleration, Inc. is a privately held medical device company. Celleration develops and markets a proprietary technology that has been proven to accelerate healing in wounds by delivering therapeutic, low frequency ultrasound without direct contact of the delivery device to the wound surface. Celleration's core product, the MIST Therapy System, has been clinically shown to positively impact all critical aspects of the wound healing process providing clinical and economic benefits to institutions treating nonresponding wounds.

Sell $30M
SELLER

Greenwoods Capital Partners

Norfolk, Connecticut, United States
Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Greenwoods Capital Partner is a private investment firm focused on acquiring interests in small cap, emerging growth companies valued between $25 and $75 million. The Firm typically targets smaller investments of $1 to $3 million per transaction, to support strategic growth initiatives, corporate restructurings and potential acquisitions. Target sectors include retail, business services, and applied technologies. Prospective companies are generally experiencing double digit revenue and cash flow growth, have acquisition candidates, or have an opportunity to enhance intrinsic value. Greenwoods Capital has offices in Norfolk, Connecticut and New York City.

DEAL STATS #
Overall 2 of 3
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Florida) 1 of 1
Country (United States) 2 of 3
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-10 Neterion

Cupertino,, California, United States

Neterion is a 10 Gigabit Ethernet adapters that provide high speed solutions for customers' server and storage systems. It delivers the industry's highest performing line of 10 GbE adapters, allowing IT managers to virtualize many more applications per physical server including the most I/O-intensive ones drastically decreasing costs when deploying virtualized servers.

Sell $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-03 Wellpartner

Portland, Oregon, United States

Wellpartner is a provider of home delivery pharmacy services dedicated to lowering prescription drug costs while improving health outcomes for individuals. Wellpartner uses automated fulfillment systems and highly personalized customer service to reduce prescription costs and improve pharmacy care.

Sell -
SELLER

Brookside Equity Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1977
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Brookside Equity Partners (BEP) focuses on private equity investments, including direct control investments, majority or minority co-investments alongside other investment firms, and, on a selective basis, investments in private funds or special situations. BEP targets North American middle-market companies with revenues greater than $15 million and at least $5 million of EBITDA. Sectors of interest include manufacturing, chemicals, financial services, environmental, food, and distribution. Brookside Equity Partners was formed in 1977 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 18 of 28
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 6 of 8
State (Florida) 2 of 2
Country (United States) 18 of 28
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-08 Boot Barn

Irvine, California, United States

Boot Barn is a specialty retailer of western and work wear. Boot Barn offers western and work boots, jeans, shirts, outer wear, protective work wear, accessories, belts and jewelry. Boot Barn was incorporated in 1978 and is headquartered in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-25 Tellermate

Newport, United Kingdom

Tellermate is a provider of cash management solutions to the retail, grocery, foodservice, and financial industries, deployed across numerous FTSE 100 companies. Tellermate is the inventor of count-by-weight technology and the intelligent cash drawer. Its technology processes over £1 billion daily across the globe. Tellermate was founded in 1981 and is based in Newport, United Kingdom.

Buy -
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