Acquisition expands capabilities in interventional medical
device product development and finished device assembly
CHICAGO and NASHUA,
N.H., June 14, 2022 /PRNewswire/ -- GTCR, a
leading private equity firm, announced that its portfolio company
Resonetics, a pioneer in advanced engineering and manufacturing
solutions for the life sciences industry, has acquired Agile MV
("Agile"). Based in Montreal and
founded in 2010, Agile is an emerging leader in product development
and turnkey device assembly serving the high-growth
electrophysiology and interventional cardiology catheter
market.
Agile's expertise in state-of-the-art, minimally invasive and
interventional medical devices complements Resonetics' existing
product development capabilities in catheter-based delivery systems
and implants. Agile represents the tenth add-on acquisition for
Resonetics since GTCR invested in the company in February 2018, and the second since Carlyle's strategic investment in Resonetics
in December 2021. The acquisition
furthers the company's strategy to build a leader in
micro-manufacturing for medical devices, targeting fast-growing
interventional and minimally invasive applications across the
MedTech industry.
Tom Burns, CEO of Resonetics,
commented, "Consistent with our initial investment thesis for
Resonetics, the acquisition of Agile strategically enhances our
capabilities, and further establishes the company's position as a
leading service provider to interventional medical device
companies."
Sean Cunningham, Managing
Director and Co-Head of Healthcare at GTCR, added, "We have great
respect for what the Agile team has built, and we look forward to
our partnership with them. This represents Resonetics' tenth
acquisition since our initial investment, and we expect to continue
to aggressively pursue tuck-in acquisitions as well as more
transformative opportunities."
About GTCR
Founded in 1980, GTCR is a leading private
equity firm focused on investing in growth companies in the
Business & Consumer Services, Financial Services &
Technology, Healthcare and Technology, Media &
Telecommunications industries. The Chicago-based firm pioneered The Leaders
Strategy™ – finding and partnering with management leaders in core
domains to identify, acquire and build market-leading companies
through transformational acquisitions and organic growth. Since its
inception, GTCR has invested more than $20
billion in over 250 companies. For more information, please
visit www.gtcr.com. Follow us on LinkedIn.
About Resonetics
Founded in 1987, Resonetics is a
pioneer in advanced engineering and manufacturing solutions for the
life sciences industry. Resonetics is a leader in laser processing,
centerless grinding, nitinol processing, thin-wall stainless steel
& precious metal tubing, photochemical machining,
microfluidics, sensor solutions and medical power. With
strategically located AGILE Product Development centers and
Lightspeed Application Development Labs, Resonetics is committed to
quality, speed, innovation and a great customer experience. The
company is ISO 13485:2016 certified with 15 facilities and more
than 2,000 associates in the United
States, Canada,
Costa Rica, Israel and Switzerland. Resonetics is backed by leading
private equity firms Carlyle and
GTCR. Learn more at www.resonetics.com.
About Carlyle
Carlyle (NASDAQ: CG) is a global investment
firm with deep industry expertise that deploys private capital
across three business segments: Global Private Equity, Global
Credit and Global Investment Solutions. With $325 billion of Assets Under Management as of
March 31, 2022, Carlyle's purpose is to invest wisely and
create value on behalf of its investors, portfolio companies and
the communities in which we live and invest. Carlyle employs nearly 1,900 people in 26
offices across five continents. Further information is available at
www.carlyle.com. Follow Carlyle on
Twitter @OneCarlyle.
CONTACT: Kellie Kennedy,
kelliek@theharbingergroup.com, 312-933-4903
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SOURCE GTCR