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Tecomet’s Acquisition of Teleflex, Inc.’s Ortho Business

Transaction Details

Client: Tecomet is a Wilmington, Massachusetts-based contract manufacturer serving branded product customers in the orthopedic medical device industry, aerospace and other high tech end markets
Ownership: Tecomet is a portfolio company of Boston-based Charlesbank Capital Partners
Seller: Teleflex, Inc. is a global provider of medical devices used in critical care and surgery; the OEM business sold includes the Beere Medical® and SMD® brand product lines
Transaction: Tecomet acquired 100% of the assets of the OEM business
Consideration: 100% cash

Situation Review

  • KGI was engaged by Tecomet to conduct a very tightly focused acquisition search.

Transaction Process

  • The OEM business was not marketed for sale but rather was developed through KGI’s knowledge of and network in the medical device contract manufacturing sector.
  • KGI was instrumental in identifying the opportunity and providing access to senior management of Teleflex.

Outcome

  • The transaction broadened the size and scope of Tecomet’s product offerings to its markets.
  • Beere Medical® offers one of the world’s largest collections of custom surgical instruments used for orthopedic and spinal procedures.
  • SMD® is a market leader in micro-machined products ranging from simple components to complex devices.