M&A Deal Summary

Thomas H. Lee Partners Acquires Agiliti

On May 7, 2024, private equity firm Thomas H. Lee Partners acquired medical products company Agiliti for 2.5B USD

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 1st transaction in the Medical Products sector.
  • This is Thomas H. Lee Partners’ 14th largest (disclosed) transaction.
  • This is Thomas H. Lee Partners’ 76th transaction in the United States.
  • This is Thomas H. Lee Partners’ 3rd transaction in Minnesota.

M&A Deal Summary

Date 2024-05-07
Target Agiliti
Sector Medical Products
Buyer(s) Thomas H. Lee Partners
Deal Type Going Private
Deal Value 2.5B USD

Target

Agiliti

Eden Prairie, Minnesota, United States
Agiliti is an essential service provider to the U.S. healthcare industry with solutions that help support a more efficient, safe, and sustainable healthcare delivery system. The company serves over 10,000 national, regional, and local acute care and alternate site providers across the U.S. It delivers medical equipment management and service solutions that help healthcare providers reduce costs, increase operating efficiencies, and support optimal patient outcomes. Agiliti was formed in 1939 and is based in Eden Prairie, Minnesota.

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Buyer(S) 1

Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 89 of 90
Sector (Medical Products) 1 of 1
Type (Going Private) 5 of 5
State (Minnesota) 3 of 3
Country (United States) 76 of 77
Year (2024) 1 of 2
Size (of disclosed) 14 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-15 Standish Management

San Francisco, California, United States

Standish Management is a provider of specialized fund administration services for Managers and General Partners of private equity funds, generally: Buyout, Venture Capital, Real Estate and Fund-of-Funds. Standish Management was founded in 2007 and is based in San Francisco, California.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 AMI

Duluth, Georgia, United States

AMI is a provider of out-of-band server management firmware, and UEFI and BIOS firmware, with its products deployed in a high proportion of all servers, data centers, embedded devices, and personal computers worldwide. AMI was founded in 1985 and is based in Duluth, Georgia.

Buy -