Company Profile
at Close
- Leading founder-led company focused on implantable medical device outsourced engineering and manufacturing
- Focused on three fast-growing markets: neurostimulation, minimally invasive products, and cardiovascular
- Serving a blue chip customer base as well as medical device start ups
- No sales and marketing function
- Limited manufacturing capacity
Investment
Rationale
- Strong engineering experience
- Opportunity to grow contract manufacturing capabilities through add-on acquisitions to retain customers through the full product lifecycle
- High growth, leading edge end markets for medical devices
- Recession resistant end markets
- No strong competition
- Opportunity to upgrade management team
- Attractive valuation for medical device company / industry
Century Park Capital Value Creation Initiatives
- Made significant personnel upgrades to C-suite including CEO, CFO and COO, and added Executive Council member, Dave Marver from Medtronic
- Greenfielded and moved to larger new facility to expand manufacturing capacity and accelerate growth
- Completed add-on acquisition of Stellar Technologies, a leading manufacturer of complex components for implantable med devices
- The acquisition more than doubled the size of the platform