Onyx Medical
The Middle Branch Partners team helps Onyx Medical find a strategic buyer
The Middle Branch Partners team helps Onyx Medical find a strategic buyer
About Onyx Medical
Onyx Medical was a family-owned business based in Memphis, Tennessee. The company was a contract manufacturer of trauma and extremity products, which it sold to the world’s top orthopedic companies. Onyx Medical approached the Middle Branch Partners team because it wanted to sell its business, ideally to a strategic partner.
Our Work
M&A Advisory
Our team immediately began advising the Onyx Medical executive team on the M&A exit process, and what to expect as they searched for a strategic buyer for their firm.M&A Due Diligence
Our team took a deep dive into Onyx Medical’s previous and forecasted financial documents in order to perform a valuation analysis to determine the ideal selling price for the MedTech contract manufacturer. Next, our team created a shortlist of prospective MedTech industry buyers.M&A Advisory
Upon contacting the shortlisted prospective buyers, our team identified interest from Swedish MedTech firm Elos Medtech. Elos Medtech creates high precision medtech products and components. Their existing product line included dental and orthopedic implants and instruments. The company was interested in the transaction because they wanted to establish a presence in the United States.Negotiating the Acquisition
Once it was determined that Elos Medtech’s acquisition of Onyx Medical would be mutually beneficial for both companies, our team began negotiating the details of the strategic M&A.
“The principals at Middle Branch Partners put together a great presentation to show us how purchasing Onyx would benefit Elos and help us establish a presence in the United States. We were very happy with the information that they provided and the deal we negotiated with Onyx.”
Results
Elos Medtech purchased 100% of the membership interests of the family-owned Onyx Medical company. The purchase was a cash deal plus earn-out.
