Case Study
Integrated Medical Solutions Sale to Avalign Technologies
| Client | Integrated Medical Solutions, LLC is a Mentor, Ohio-based contract manufacturer of spine implants and soft tissue fixators |
|---|---|
| Ownership | Sole shareholder acquired the business and staffed it with a President who operated the Company |
| Buyer | Avalign Technologies, a portfolio company of Linden Capital Partners, is a Bannockburn, Illinois-based MedTech contract manufacturer |
| Transaction | Asset purchase and assumption of certain liabilities |
| Consideration | Cash at close |
| Valuation | Undisclosed |
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Situation Review
- KGI was engaged by IMS to negotiate a transaction with Avalign following expiration of an exclusivity period under a Letter of Intent with another buyer prospect
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Transaction Process
- KGI negotiated on behalf of Ownership with Avalign’s CEO and Linden’s Managing Director to arrive at mutually agreed terms
- 70 days elapsed from execution of the Letter of Intent to transaction closing
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Outcome
- Seller’s expectations were achieved with receipt of cash at close
- Buyer has customers with immediate needs for Seller’s production capabilities
- Buyer’s expectation is a doubling of Seller’s revenue in year following acquisition and a 50% increase in year two over year one
- Seller’s management team remains in place