M&A Deal Summary

Waud Capital Partners Acquires Mopec

On January 6, 2025, private equity firm Waud Capital Partners acquired medical products company Mopec from Blackford Capital and Northcreek Mezzanine

Acquisition Highlights
  • This is Waud Capital Partners’ 3rd transaction in the Medical Products sector.
  • This is Waud Capital Partners’ 48th transaction in the United States.
  • This is Waud Capital Partners’ 3rd transaction in Michigan.

M&A Deal Summary

Date 2025-01-06
Target Mopec
Sector Medical Products
Buyer(s) Waud Capital Partners
Sellers(s) Blackford Capital
Northcreek Mezzanine
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co. (Financial)
Varnum (Legal)

Target

Mopec

Oak Park, Michigan, United States
Mopec is a manufacture of pathology and mortuary equipment. Its product line includes dissecting instruments, autopsy accessories, fume handling equipment, dissection tables, grossing workstations, and morgue refrigerators. Mopec was founded in 1992 and is based in Oak Park, Michigan.

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Buyer(S) 1

Buyer

Waud Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 3.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Waud Capital Partners is a private equity firm that pursues investments in mid-sized manufacturing, distribution and service companies. Waud looks for businesses with proven management, operating in well defined markets, and that demonstrate strong growth potential. The Firm typically invests $75 to $200 million. Specific areas of interest include adhesives, air/water treatment, alarm monitoring, auto components, coatings, consumer products, home healthcare services, hospitals, lighting, litigation support, medical distribution, petroleum distribution, pharmaceuticals, publishing, sealants, specialty hospitals, and tax consultants. Prospective transaction situations include buyouts, recapitalizations and industry consolidations. Waud Capital Partners was established in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 49 of 50
Sector: Medical Products M&A 3 of 3
Type: Secondary Buyout M&A Deals 5 of 5
State: Michigan M&A 3 of 3
Country: United States M&A 48 of 49
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 Science Exchange

San Francisco, California, United States

Science Exchange is a first procurement and supplier orchestration cloud software platform for life sciences companies. The platform digitizes and streamlines complex procurement workflows spanning the entire purchasing lifecycle, from vendor and product discovery through purchasing and payment. Science Exchange was founded in 2011 an is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-21 Altocare

Dallas, Texas, United States

Altocare offers accessible home care services with plans for geographic and service expansion. Altocare is based in Dallas, Texas.

Buy -

Seller(S) 2

SELLER

Blackford Capital

Grand Rapids, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Blackford Capital is a private investment firm that targets mature or growth-oriented manufacturing, distribution, and service companies located in North America. Specific areas of interest include paper; rubber and miscellaneous plastics; stone, clay, and glass products; primary metal industries; fabricated metal products; industrial machinery and equipment; and electronics and other electrical equipment. Blackford prefers situations where management is seeking to retire or exit. The Firm's target revenue range is between $20 and $100 million. Blackford Capital Partners was formed in 2000 and is based in Grand Rapids, Michigan.


DEAL STATS #
Overall 19 of 19
Sector: Medical Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 5
State: Michigan M&A 6 of 6
Country: United States M&A 18 of 18
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-20 SFS

Coppell, Texas, United States

SFS is a fire security and protection, offering a comprehensive line of products and services, including automatic fire sprinkler design services, fire sprinkler system installation, system testing, system maintenance and servicing, remodeling & retrofits, fire alarms, and emergency response. SFS was founded in 1993 and is based in Coppell, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-27 Ace Controls

Humble, Texas, United States

Ace Controls offers control panel design, fabrication, and integration to deliver reliable solutions. Serving the water and wastewater industries, as well as the oil and gas industries, it caters to manufacturers of process equipment such as pumps, compressors, blowers, conveyors, mixers, and clarifiers. Ace Controls was formed in 2005 and is based in Humble, Texas.

Buy -
SELLER

Northcreek Mezzanine


Category Private Equity Firm
Founded 2010
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 9 of 9
Sector: Medical Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
State: Michigan M&A 1 of 1
Country: United States M&A 9 of 9
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-30 Pat Tank

Port Arthur, Texas, United States

Pat Tank specializes in the design, fabrication, erection and repair of above-ground steel-welded storage tanks and related steel structures for the petroleum, natural gas, agriculture, power generation and chemical industries. Pat Tank was founded in 1945 and is based in Port Arthur, Texas.

Sell -