M&A Deal Summary

US Med-Equip Acquires Freedom Medical

On August 2, 2022, US Med-Equip acquired medical products company Freedom Medical from RAF Industries

Acquisition Highlights
  • This is US Med-Equip’s 2nd transaction in the Medical Products sector.
  • This is US Med-Equip’s 4th transaction in the United States.
  • This is US Med-Equip’s 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2022-08-02
Target Freedom Medical
Sector Medical Products
Buyer(s) US Med-Equip
Sellers(s) RAF Industries
Deal Type Add-on Acquisition

Target

Freedom Medical

Exton, Pennsylvania, United States
Freedom Medical is a provider of biomedical rental equipment and related outsourced support services to hospitals and long-term care centers throughout the U.S. The company’s biomedical equipment offerings include critical care equipment, respiratory therapy equipment, patient monitoring equipment, newborn care equipment and specialty beds. Freedom Medical was established in 1996 and is based in Exton, Pennsylvania.

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Buyer(S) 1

Buyer

US Med-Equip

Houston, Texas, United States

Category Company
Founded 2003
Sector Business Services
DESCRIPTION

US Med-Equip is a distributor and rental and related services provider of mission-critical moveable medical equipment used in hospitals. The Company provides equipment rentals across four product categories respiratory, infusion, monitoring, and central supply / NICU. US Med-Equip was founded in 2003 and is based in Houston, Texas.


DEAL STATS #
Overall 4 of 4
Sector: Medical Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: Pennsylvania M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 Martab Equipment Management Services

Allendale, New Jersey, United States

Martab Physicians & Hospital Supply Co. is a provider of Asset Management and Outsourcing services to healthcare facilities throughout the northeast. Martab Equipment Management Services was founded in 1966 and is based in Allendale, New Jersey.

Buy -

Seller(S) 1

SELLER

RAF Industries

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

RAF Industries is a private investment group focused on acquiring manufacturing and service-oriented companies that produce both industrial and consumer products in the US. The company has a preference for businesses with strong management wishing to partner with RAF post-acquisition. For platform acquisitions, RAF generally looks for businesses with at least $5 million in cash-flow. The Firm targets businesses valued from $15 to $150 million. RAF Industries is particularly interested in the areas of building and DIY products, products, and services geared towards enhancing the elderly population's lifestyle, as well as products or services provided to high-end consumers. RAF Industries was formed in 1979 and is based in Bala Cynwyd, Pennsylvania.


DEAL STATS #
Overall 14 of 15
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 9
State: Pennsylvania M&A 3 of 4
Country: United States M&A 14 of 15
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Ligchine

Darien, Wisconsin, United States

Ligchine is a designer, manufacturer, and marketer of laser-guided boom-operated concrete screeds. The Company produces a diverse range of models under the ScreedSaver banner, and Ligchine’s products provide best-in-class concrete floor flatness and levelness results for its customers. Ligchine was founded in 2007 and is based in Darien, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-01 Automated Systems Design

Alpharetta, Georgia, United States

Automated Systems Design is a provider of design, engineering and project management services specializing in IT, audio/visual and security system installations. Automated Systems Design was founded in 1986 and is based in Alpharetta, Georgia.

Buy -