Deal Details
Ohio Medical Is Acquired by ESAB
Summary
Ohio Medical, LLC (“Ohio Medical” or the “Company”), a portfolio company of Tenex Capital Management (“Tenex”), has been acquired by ESAB Corporation (“ESAB”) (NYSE: ESAB).
Baird served as exclusive financial advisor to Ohio Medical on this transaction.
About
Ohio Medical manufactures and distributes medical suction and oxygen (“SOT”) products and source equipment (“Systems”). SOT product offering includes branded suction/vacuum regulators, flow meters, and medical gas hoses. Systems includes medical gas pipelines, service, and source equipment. Ohio Medical is headquartered in Gurnee, Illinois, and was originally founded in 1910 in Cleveland, Ohio.Tenex Capital Management is a private equity firm that invests in middle market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing, and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including diversified industrials, business and tech-enabled services, and healthcare.
ESAB Corporation is a world leader in fabrication and gas control technology, providing its partners with advanced equipment, consumables, gas control equipment, robotics, and digital solutions which enable the everyday and extraordinary work that shapes the world.
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- Date
- October 2022
- Company
- Ohio Medical, LLC
- Transaction
- M&A - Sellside
- Sectors
-
Healthcare
Industrial - Verticals
-
Medical Technology
Flow, Motion and Power Technologies
- Target Geography
- North America
- Acquiror Geography
- North America
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