Broad Peak Manufacturing
The Middle Branch Partners team advises Broad Peak Manufacturing as it sells assets to Oberg Medical
About Broad Peak Manufacturing
Broad Peak Manufacturing is a MedTech contract manufacturing business based in Wallingford, Connecticut that specializes in the grinding and finishing of specialized complex surgical shapes and implants. The firm was owned by a private individual. The company approached the Middle Branch Partners due to our deep industry knowledge in selling core assets to a third party for a liquidity event for ownership.
Our Work
M&A Strategy
Due to the very specialized nature of the company’s processes, a buyer must have very close alignment, not only with their production processes but also with the customer base. This allowed us to target our list of buyer prospects for the MedTech company.M&A Due Diligence
To prepare for contacting potential buyers, our advisors performed a careful review of Broad Peak Manufacturing. Our team then created and contacted a shortlist of specialized prospective buyers.
Evaluating a Buyer
After creating and contacting a shortlist, Middle Branch Partners found a mutually beneficial arrangement between Broad Peak Manufacturing and Oberg Medical, which is an Pennsylvania-based manufacturer with a strategic focus on the long term growth of its customers and capabilities. Our team evaluated Oberg Medical to see if merging with them would meet Broad Peak Manufacturing’s objectives.Negotiating the Acquisition
Oberg Medical found Broad Peak Manufacturing an attractive firm to acquire specifically because of its unique capabilities and fit with their existing capabilities and customers. Once it was determined that proceeding with the deal was mutually beneficial, our advisors began negotiating the terms of the acquisition with both the buyer and seller.
“With their strategic insight and deep knowledge of the medical device market, Middle Branch introduced us to Broad Peak and the opportunity to add more specialized capabilities to our manufacturing portfolio.”
Results
Oberg Medical purchased 100% of the assets of Broad Peak Manufacturing. The purchasing arrangement was cash and was consummated during the difficult period of 2020 during the COVID lockdown.
