Case Study
Squadron Capital’s Acquisition of Structure Medical
| Client | Squadron Capital LLC is a Granby, Connecticut-based Family Office investor with a portfolio of medical contract manufacturing businesses |
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| 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 |
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Situation Review
- KGI was engaged by Squadron to execute an acquisition search assignment focused on precision machining, primarily of medical devices.
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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.
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Outcome
- Squadron was one of six active suitors.
- Aggressive, persistent and persuasive negotiating by KGI led to a successful transaction closing.