M&A Deal Summary

Zebra Technologies Acquires Temptime

On January 28, 2019, Zebra Technologies acquired medical products company Temptime from Water Street Healthcare Partners

Acquisition Highlights
  • This is Zebra Technologies’ 2nd transaction in the Medical Products sector.
  • This is Zebra Technologies’ 12th transaction in the United States.
  • This is Zebra Technologies’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2019-01-28
Target Temptime
Sector Medical Products
Buyer(s) Zebra Technologies
Sellers(s) Water Street Healthcare Partners
Deal Type Add-on Acquisition

Target

Temptime

Morris Plains, New Jersey, United States
Temptime Corp. is a developer and manufacturer of temperature monitoring solutions for mission-critical applications in the healthcare industry. Temptime was founded in 1987 and is based in Morris Plains, New Jersey.

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Buyer(S) 1

Buyer

Zebra Technologies

Lincolnshire, Illinois, United States

Category Company
Founded 1969
Sector Technology Hardware
Employees9,750
Revenue 4.6B USD (2023)
DESCRIPTION
Entrance to Zebra's corporate headquarters in Lincolnshire, Illinois.
Entrance to Zebra's corporate headquarters in Lincolnshire, Illinois.

Zebra Technologies is a manufacturer of thermal bar code label and receipt printers, RFID smart label printer/encoders, card and kiosk printers. Zebra Technologies was founded in 1969 and is based in Lincolnshire, Illinois.


DEAL STATS #
Overall 14 of 20
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 12 of 18
State (New Jersey) 1 of 1
Country (United States) 12 of 16
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-05 Xplore Technologies

Austin, Texas, United States

Xplore Technologies Corp. is a producer of rugged tablets. Xplore tablets are among the most powerful and longest lasting in their class, withstand nearly any hazardous condition or environmental extreme, and feature competitive pricing and significant ROI. Xplore Technologies Corp. was formed in 1998 and is headquartered in Austin, Texas.

Buy $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 Profitect

Burlington, Massachusetts, United States

Profitect, Inc. is a provider of prescriptive analytics solution leverages pattern detection and machine learning to identify opportunities that impact sales and margin. Profitect takes retail and CPG company data to identify areas for improvement including: inventory accuracy, out of stocks, pricing accuracy, unsellable merchandise, and assortment discrepancies. Profitect, Inc. was founded in 2007 and is based in Burlington, Massachusetts.

Buy -

Seller(S) 1

SELLER

Water Street Healthcare Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Water Street is a specialist private equity firm that targets investments in healthcare companies. Specific areas of interest within healthcare include diagnostic devices, medical products, pharmaceutical services, specialty distribution, specialty pharmaceuticals, and specialty services. Water Street targets non-core units of larger corporations and private middle-market companies. Transactions are typically valued between $50 and $500 million. Water Street does not invest in biotechnology, traditional healthcare facilities (hospitals, nursing homes) or early-stage companies without positive cash flow. Water Street was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 28 of 31
Sector (Medical Products) 9 of 10
Type (Add-on Acquisition) 16 of 19
State (New Jersey) 4 of 4
Country (United States) 28 of 30
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Long Grove Pharmaceuticals

Rosemont, Illinois, United States

Long Grove Pharmaceuticals is a specialty pharmaceutical company focused on complex generics including injectables and topical products. Long Grove stands out for its strength in addressing generic development opportunities with complex formulations, challenging manufacturing and supply chain dynamics, and uncommon regulatory approval pathways in niche markets. Long Grove Pharmaceuticals was founded in 2019 and is based in Rosemont, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-27 Pathnostics

Irvine, California, United States

Pathnostics is a provider of diagnostic solutions. Pathnostics specializes in diagnostic tests and services across a range of therapeutic areas, including urology, women’s health, gastroenterology and cancer. Pathnostics was founded in 2014 and is based in Irvine, California.

Buy -