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Medin Technologies Closes Acquisition of Orthopaedic Implants Maker Advantage Manufacturing Technologies
Thursday 11 July 2019

11 July 2019 - US-based medical contract manufacturer Medin Technologies, Inc., which is owned by Seven Point Equity Partners LLC and headquartered in Totowa, New Jersey, has completed the add-on acquisition of Monroe, Washington-based Advantage Manufacturing Technologies, Inc., the company said.
Advantage Manufacturing Technologies is a manufacturer of orthopaedic implants, through a newly formed, wholly owned subsidiary named AMT Medical, Inc.
AMT Medical will continue AMT's proud tradition of customer-focused leadership in orthopedic implant manufacturing.
In combination with Medin Technologies, AMT Medical benefits from an augmented management team, a broadened product offering and greater financial resources. 
David Parsons, the former owner of AMT, has retained a minority ownership position in the company and will serve on the executive team. Seven Point Operating Partner Stephen Goddard has been appointed as the CEO of AMT Medical, reporting to Bill Donaldson, CEO of Medin Technologies.
AMT Medical, headquartered in Monroe, Washington, is a medical contract manufacturer of orthopedic implants and surgical instruments.
Engineering and production professionals work directly with OEM engineers to develop quality and performance enhancements, as well as improved manufacturability.
Medin Technologies, Inc., headquartered in Totowa, New Jersey, designs and manufactures highly engineered, custom-designed sterilisation cases and trays for many orthopedic OE.
Medin did not use outside lenders to complete the transaction. Benesch, Friedlander, Coplan and Aronoff LLP acted as legal advisor to Seven Point and Medin Technologies in this transaction. The Tracy Law Group acted as AMT's legal advisor, and Kinsella Group served as its financial advisor.
Details
Date Published: 11/07/2019
Target: Advantage Manufacturing Technologies, Inc
Country: USA
Sector: Healthcare
Type: LBO
Status: Closed
Vendor:
Buyer: Medin Technologies, Inc
Buyer Advisor: Benesch, Friedlander, Coplan and Aronoff
Comment:
Terms of the deal were not disclosed

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