M&A Deal Summary

Vesta Acquires ExtruMed

On March 9, 2009, Vesta acquired healthcare services company ExtruMed from Wedbush Capital Partners and Inverness Graham Investments

Acquisition Highlights
  • This is Vesta’s 1st transaction in the Healthcare Services sector.
  • This is Vesta’s 1st transaction in the United States.
  • This is Vesta’s 1st transaction in California.

M&A Deal Summary

Date 2009-03-09
Target ExtruMed
Sector Healthcare Services
Buyer(s) Vesta
Sellers(s) Wedbush Capital Partners
Inverness Graham Investments
Deal Type Add-on Acquisition

Target

ExtruMed

Placentia, California, United States
ExtruMed LLC is a provider of precision tubing solutions for minimally invasive, interventional and implantable therapies.

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Buyer(S) 1

Buyer

Vesta

Franklin, Wisconsin, United States

Category Company
Founded 1972
Sector Medical Products
DESCRIPTION

Vesta, Inc. is a manufacturer and supplier of disposable silicone medical products and precision thermoplastic extrusion tubing. Major products include catheters, wound and body drains, surgical tubing, instrument seals and valves and other surgical device components.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1

Seller(S) 2

SELLER

Wedbush Capital Partners

Los Angeles, California, United States

Investor Investor


Category Private Equity Firm
PE ASSETS 120M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Wedbush Capital Partners is a private equity firm focused on recapitalizations, growth investments in, and management buyouts of lower middle-market companies generating sales of $10 to $50 million. Sectors of interest include consumer products and services, business and financial services, and niche manufacturing. Wedbush prefers to make initial equity investments of $2 to $10 million in companies valued between $5 and $50 million. The Firm prefers opportunities in the Western US. Wedbush Capital Partners is affiliated with investment bank Wedbush Securities. The Firm is based in Los Angeles, California.


DEAL STATS #
Overall 4 of 9
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 6
State: California M&A 4 of 7
Country: United States M&A 4 of 9
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-16 Reyn Spooner

Gardena, California, United States

Reyn Spooner, Inc. designs, licenses and distributes a collection of high-quality apparel, including printed dress shirts and casual sportswear. Reyn Spooner was founded in 1956 and is based in Gardena, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 Critical Alert Systems

Jacksonville, Maine, United States

Critical Alert Systems LLC is a provider of mission-critical communication services to hospitals, first responders and certain defense-related industries that utilize proprietary networks and infrastructures across the United States. Critical Alert Systems was founded in 2010 and is based in Jacksonville, Florida.

Buy -
SELLER

Inverness Graham Investments

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Inverness Graham Investments is the private equity arm of The Graham Group. The Firm looks to make controlling investments in lower mid-market companies throughout the US. Inverness targets capital-efficient businesses with strong/sustainable cash flow, differentiated products, and operating in growing markets. The Firm seeks to commit $20 to $80 million in companies valued up to $75 million. Sectors of interest include aerospace/defense, biotech/pharmaceuticals, building materials, business services, consumer services, packaging, industrial equipment/components, electronic equipment, food/beverages, medical devices/supplies, energy & power products/services, specialty chemicals, and technology hardware. Prospective transaction situations include buyouts, growth capital financings, recapitalizations, consolidations, and divestitures. Inverness Graham Investments was formed in 2003 and is based in Philadelphia. The Firm has an additional office in Los Angeles.


DEAL STATS #
Overall 1 of 19
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 9
State: California M&A 1 of 3
Country: United States M&A 1 of 19
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-07 B+B SmartWorx

Ottawa, Illinois, United States

B+B SmartWorx designs and manufactures wired and wireless industrial networking and device connectivity solutions. B+B’s products allow customers to network-enable legacy equipment, extend network connections, or embed network connectivity into applications where reliability in rugged or hostile environments is critical.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-20 Energy Solutions International

Houston, Texas, United States

Energy Solutions International, Inc. is a provider of pipeline management software services.

Sell -