Founded in 1994, Franklin now has more than 200 employees operating out of 17 offices.Scott Schafler, President of Cortec, stated âFranklin is a top performing company operating in an exciting, high-growth segment of the economy. âWe are thrilled to be partnering with a great team and excited to help facilitate and execute multiple growth initiatives.âDaniel Nettesheim, Barcodesâ CEO, who will continue in his current position and remain a shareholder, added, âWe were impressed by Cortecâs approach, including their demonstrated commitment to growth. Mr. Lipsitz added, âDuring the course of our ownership, we were able to make significant investments in key management personnel and marketing resources, which have helped deliver consistent revenue growth across numerous markets and clearly positioned the Company for continued future growth. Ropes & Gray LLP served as counsel to Cortec Fund V, while Pillsbury Winthrop Shaw Pittman LLP represented Cortec for all management company documentation.Cortec acquires high value-added, middle-market healthcare, specialty manufacturing, service, and distribution businesses with leadership positions in their market niches and the desire to work with Cortec to drive growth and improve business fundamentals. Additional information about Cortec can be found at 180 Medical is a leading distributor of disposable, single-use (intermittent) urologic catheters to over 10,000 customers in the home setting. Cortec currently manages over $2 billion in its three active funds and targets platform acquisitions with enterprise values of $40 million to $300 million and smaller follow-on acquisitions.
It was truly a privilege to be associated with the 180 team for the last 3 years.â Todd Brown added, âCortec proved to be the value added partner we were looking for. End markets served include corporate, government, institutional, healthcare, residential, industrial and energy throughout the U.S. and Canada.
CHS conducts its business through three key segments: (i) production and sale of its proprietary MED-RX branded products; (ii) exclusive sale and distribution in Canada of products supplied by global medical device manufacturers; and (iii) outsourced manufacturing of disposable medical products for OEM healthcare companies.
Dan and his team have been involved with CAF's San Diego Triathlon Challenge since 2002. The Company acquires new customers primarily from a diverse group of pediatricians and pediatric specialists that refer patients to CranialTech and consistently cite the Company as the highest quality plagiocephaly treatment provider in the industry. âThe management team did a fantastic job building the business, despite a challenging retail environment. Debt financing to support the recapitalization was provided by Antares, NXT Capital, Golub Capital, and First Eagle Private Credit.Aspen is a leader in the design, development and marketing of upper and lower spinal orthotics.
We are excited to embark on the Companyâs next phase of growth as a part of the ConvaTec family.â180 Medical was co-advised on the transaction by Harris Williams & Co. and Cain Brothers & Company LLC with Blank Rome LLP and Arent Fox LLP serving as counsel.Cortec acquires high value-added, middle-market healthcare, specialty manufacturing, service, and distribution businesses with leadership positions in their market niches and the desire to work with Cortec to drive growth and improve business fundamentals. Cortec Partner Mike Najjar added, âThe combined product lines and software and professional services capabilities of these two companies provide meaningful opportunities for future growth throughout North America.
Your query returned no results. Together ChamSys and Chauvet are now in a position to better cover and serve markets worldwide.âChamSys will continue to operate as an independent business unit from its facility in Southampton, UK. We were attracted to the company based on the success they have achieved in the market and the opportunities to expand their business in the future.â said Scott Schafler, a Managing Partner at Cortec. The Companyâs network includes locations in Denver, CO, Grand Junction, CO and Dallas, TX under ICON Eyecare and Kleiman Evangelista Eye Center. All the stakeholders in Franklin were highly rewarded for their efforts and we share managementâs enthusiasm for their next phase of growth in affiliation with AMCG.âCortec acquires high value-added, middle market healthcare, consumer and specialty service businesses with leadership positions in their market niches and the desire to work with Cortec to drive growth and improve business fundamentals. âChamSys has a well-deserved reputation for innovation, quality and value, the same principles that are at the heart of our own Chauvet brands.
Total gross proceeds from the transaction, including overallotment, were $304.5 million. Eyeconic Vision Partnersâ network includes locations in Colorado, Texas and Arizona.Founded in 1984, Cortec invests in middle-market specialty healthcare, business-to-business and consumer products, and services businesses with owners and management teams who want to work with us to drive growth and improve business fundamentals. Allison Klazkin, who joined Cortec in 2009, was promoted to Managing Director in March 2019.