M&A Deal Summary

Tecomet Acquires Symmetry Medical

On December 5, 2014, Tecomet acquired medical products company Symmetry Medical from Haas Wheat and Partners

Acquisition Highlights
  • This is Tecomet’s 3rd transaction in the Medical Products sector.
  • This is Tecomet’s 4th transaction in the United States.
  • This is Tecomet’s 1st transaction in Indiana.

M&A Deal Summary
Date 2014-12-05
Target Symmetry Medical
Sector Medical Products
Buyer(s) Tecomet
Sellers(s) Haas Wheat and Partners
Deal Type Add-on Acquisition

Target

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.

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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 4 of 6
Sector (Medical Products) 3 of 5
Type (Add-on Acquisition) 3 of 5
State (Indiana) 1 of 1
Country (United States) 4 of 5
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-22 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-17 Mountainside Medical

Boulder, Colorado, United States

Mountainside Medical is a provider of complex, high precision medical device components and instruments used in minimally invasive surgical devices.

Buy -

Seller(S) 1

SELLER

Haas Wheat and Partners

Dallas, Texas, United States
Category Private Equity Firm
Founded 1992
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Haas Wheat & Partners private equity firm specializing in strategic equity investments and leveraged buyouts of both private and public middle-market companies. Haas Wheat focuses on companies headquartered in the US and looks to commit between $25 and $200 million of equity per transaction. Target industry sectors include healthcare, consumer products and services, and specialized business services and manufacturing. Haas Wheat & Partner was formed in 1992 and is based in Dallas, Texas.

DEAL STATS #
Overall 7 of 7
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Indiana) 1 of 1
Country (United States) 7 of 7
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-13 LCA - Vision

Cincinnati, Ohio, United States

LasikPlus is a provider of fixed site laser vision correction services in the United States, operating 61 vision correction centers in 44 domestic markets under its LasikPlus brand name.

Sell $106M
Mergr

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