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Squadron Capital’s Acquisition of Structure Medical

Transaction Details

Client: Squadron Capital LLC is a Granby, Connecticut-based Family Office investor with a portfolio of medical contract manufacturing businesses
Ownership: Squadron’s investor is James N. Pritzker
Seller: Structure Medical is a contract manufacturer of highly complex medical instruments used in orthopedic applications
Transaction: Squadron acquired 70% of the membership interests of Structure Medical, LLC
Consideration: 100% cash

Situation Review

  • KGI was engaged by Squadron to execute an acquisition search assignment focused on precision machining, primarily of medical devices .

Transaction Process

  • Structure Medical was not marketed for sale but rather was developed through KGI’s knowledge of and contacts in the medical device contract manufacturing sector.
  • KGI negotiated major terms of the LOI which was executed by the parties and led to negotiation and execution of a definitive agreement.

Outcome

  • Squadron was one of six active suitors.
  • Aggressive, persistent and persuasive negotiating by KGI led to a successful transaction closing.