Investment Summary

Upstream Capital and Spring Capital Partners Invest In OJ Medtech

On April 1, 2016, private equity firm Upstream Capital and mezzanine finance firm Spring Capital Partners invested in medical products company OJ Medtech

Investment Highlights
  • This is Upstream Capital’s 1st and Spring Capital Partners’ 2nd transaction in the Medical Products sector.
  • This is Upstream Capital’s 1st and Spring Capital Partners’ 33rd transaction in the United States.
  • This is Upstream Capital’s 1st and Spring Capital Partners’ 4th transaction in New York.

Investment Summary

Date 2016-04-01
Target OJ Medtech
Sector Medical Products
Investor(s) Upstream Capital
Spring Capital Partners
Deal Type Growth Capital

Target

OJ Medtech

East Islip, New York, United States
OJ Medtech is a provider of specialized medical products for patients that suffer from upper or lower extremity lymphatic and venous disorders. OJ Medtech sells prescription-based products including compression garments and stockings, specialty wound care dressings, and lymphedema pumps. OJ Medtech was founded in 1999 and is based in East Islip, New York.

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Investor(S) 2

DESCRIPTION

Upstream Capital is a private equity firm focused on acquiring small, profitable ($300k to $10 million) businesses that are at an inflection point. Sectors of interest include healthcare, consumer products, distribution, business services, and training. The Firm prefers companies with low capex needs, recurring revenue and defensible market positions. Upstream Capital was formed in 2015 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 4
Sector: Medical Products M&A 1 of 3
Type: Growth Capital M&A Deals 1 of 2
State: New York M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2016 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 Spiro Health

Sandwich, Massachusetts, United States

Spiro Health is a patient-centric, service-oriented post-acute care and home medical equipment provider. The company offers a diverse set of prescription-based home medical equipment (HME) and supplies that promote total sleep health and respiratory care. By leveraging new technology solutions, the company provides patients and partners with a seamless experience when ordering critical HME and supplies. Serving over 50,000 active patients, Spiro Health is dedicated to reducing the pain point for referral sources and patients and making their lives easier in the path toward better health and wellness. Spiro Health was founded in 2020 and is based in Sandwich, Massachusetts.

Buy -
Investor

Spring Capital Partners

Lutherville, Maryland, United States

Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spring Capital Partners is a mezzanine finance provider for small to medium-sized businesses. Spring invests $2 to $20 million, primarily in the form of subordinated debt with equity features in each transaction. The Firm does not have an industry focus. Spring Capital looks for businesses located in the Mid-Atlantic US with revenues between $10 and $150 million. Spring Capital Partners was formed in 1999 and has offices in Baltimore, Maryland and Radnor, Pennsylvania.


DEAL STATS #
Overall 33 of 46
Sector: Medical Products M&A 2 of 2
Type: Growth Capital M&A Deals 11 of 16
State: New York M&A 4 of 5
Country: United States M&A 33 of 46
Year: 2016 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-16 PowerTech Generators

Leesburg, Florida, United States

PowerTech Generators is a manufacturer of customized mobile generator sets. Power Tech engineers and assembles generator components to meet individual customer needs for generators typically providing output between 10 and 50 kilowatts. End markets for Power Tech’s products include mobile communications, service trucks, emergency vehicles, and military vehicles, among others. Power Tech sells domestically and internationally both directly to vehicle manufacturers and through distributors. PowerTech Generators was founded in 1989 and is based in Leesburg, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 Altus Commercial Receivables

Metairie, Louisiana, United States

Altus Commercial Receivables provides commercial debt recovery services to customers in the United States and abroad. The Company is a commercial receivable management agency offering receivable management outsourcing, domestic and international commercial collections, audit collection, and business receivable management training. Altus Commercial Receivables was established in 1994 and is based in Metairie, Louisiana.

Buy -