Transaction Overview
- Represented Integrated Medical Holdings, LLC (“IMH” or the “Company”) in its sale to Glebar/Syneo, a portfolio company of Arcline Investment Management.
- Integrated Medical Holdings – comprised of Cath-Tip, Cath-Punch and Production Medical – is a leading provider of catheter manufacturing solutions. The Company is globally recognized for its industry-leading customized offering of catheter-finishing production, catheter-finishing machines and a wide variety of consumable tooling and dies.
Key Observations
- Arcline viewed IMH’s leading tipping expertise as key to its platform strategy that included Glebar and Syneo.
- Glebar is a designer and manufacturer of micro machining, centerless grinding and electrochemical grinding machinery that is used primarily is the production of minimally invasive surgical instruments.
- Syneo – one of IMH’s competitors with regard to Cath-Punch – is a manufacturer of machinery and tooling solutions that serves the medical and electronics manufacturing sectors.
Drivers of Interest
- Virtually the only customization-centric tipping machine solutions provider with a strong reputation across the globe.
- Highly-renowned brand with expansive engineering and technical capabilities.
- Engineering know-how that was arguably irreplicable by competitors.
- Strong relationships with many of the top medical device companies.