Veracity Medical Solutions
The Middle Branch Partners team advises Veracity Medical Solutions as it sells to Heron Capital
About Veracity Medical Solutions
Veracity Medical Solutions is a MedTech contract manufacturing business based in Collierville, Tennessee that specializes in the manufacturing of complex surgical instrumentation and implants. The firm was wholly owned by MB Venture Partners. The company approached the Middle Branch Partners team for advise in selling to a third party to increase its liquidity.
Our Work
M&A Strategy
As our team advised Veracity Medical Solutions it learned that the company was open to acquisition by a private equity firm. This allowed us to expand our list of buyer prospects for the MedTech company.
M&A Due Diligence
To prepare for contacting potential buyers, our advisors performed a valuation of Veracity Medical Solutions. Our team then created and contacted a shortlist of prospective buyers.
Evaluating a Buyer
After creating and contacting a shortlist, our team found a mutually beneficial arrangement between Veracity Medical Solutions and Heron Capital, which is an Indiana-based private equity firm that is focused on the long term growth of its partner firms. Our team evaluated Heron Capital to see if merging with them would meet Veracity Medical Solutions’ objectives.
Negotiating the Acquisition
Heron Capital found Veracity Medical Solutions an attractive firm to acquire specifically because of its existing growth stage. 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.
“The principals at Middle Branch Partners helped us navigate to a transaction despite the headwinds we faced.”
Results
Heron Capital purchased 100% of the assets of Veracity Medical Solutions. The purchasing arrangement was cash plus earn-out.
