LockeBridge has signficant expertise advising sophisticated transactions in the Medical Device and HealthCare IT markets. Clients range from multi-billion dollar overseas manufacturers to smaller family owned med-device and HCIT companies. LockeBridge has won and has been nominated for numerous prestigous awards for transactions in the healthcare vertical. Such awards include but are not limited to:

• Medical Device Financing Deal of the Year
• Healthcare/Biotech Deal of the Year
• Deal Maker of the Year

LockeBridge healthcare buy-side, sell-side and capital raise  experience  includes:

MEDICAL PRODUCTS ADVISORY BOARD

Darren S. Tishler, M.D. – General Surgery, Hartford Hospital.

Gary Bloomgren, M.D. – Former Biogen, Vice President Compliance and Risk Management.

Matthew Nekoroski – Founded and successfully exited various medical device & healthcare IT companies

Thomas Huling – Founded and successfully exited various medical device & healthcare IT companies

Wallboard Building Supply Company announced the acquisition of their companies by two private equity firms located in Boston and New York. The Company is a distributor of building materials to the New England market.

Mr. John Filion, President of Wallboard Supply Company comments, “Within 6 months after engaging with our M&A Advisor they brought us 7 offers from both strategic corporations and private equity groups. We were amazed to see offers coming from some of the largest global players in the industry. Our $35 million dollar company had an offer from a two billion division of a much larger company!”

According to Mr. Filion, “We ended up getting an offer that was about 50% over the offer what we were entertaining before our M&A partner got involved. The offer accommodated the individual needs of the four owners while funding the company’s substantial growth requirements. I don’ think that we could have found a better buyer. My advice to any business owner thinking about selling is ‘Don’t go it alone’. Selling a business is a tough process that requires some serious expertise. There is no doubt in our minds that the expertise we received from Mr. Waxler and team was top notch.”

The deal, funded by New York and Boston based private equity groups, “received numerous offers from both large multi-national strategic buyers as well as mid-size investment groups ”, according to Mr. Scott Waxler, Managing Partner of Lockebridge, LLC, a Boston based Mergers and Acquisitions advisory firm. “It was a difficult deal due to a few factors:

1. The Company has multiple locations in three different states each with different ownerships with each of the 4 owners having different objectives.
2. One of the locations was only a year old and had substantial start up costs that needed to be normalized.
3. The Company was operating on two different information systems which made data collection and verification quite challenging. The operations have since been consolidated to one system.

The transaction took one and half years to close from the beginning to end but in the end there was no doubt that all four of the Owners met each of their individual objectives.

Wallboard Supply Company is a distributor of building materials specializing in drywall, metal framing and finishing products as well as insulation, lumber, doors and hardware. This family-owned company was founded in 1970, and operates a fleet of over 20 delivery vehicles including boom, crane and spider truck service. Wallboard supplies all of the New England area from three convenient locations—Londonderry, New Hampshire, Westbrook, Maine, and Williston, Vermont.

Northern Graphics, Inc announced the acquisition of their company by a New York based strategic purchaser. The transaction was funded by Anvil Capital, a private equity firm headquartered in New York. The purchase of Northern Graphics by Shipmates/Printmates, the largest on-demand printer in New York’s Capital Region, was closely aligned to the strict acquisition criteria of the buyer, which was seeking to expand its geographic presence.

Anvil Capital is a New York based private equity investment group that invests in privately held business with revenues of $5 million to $50 million.

Headquartered in upstate New York, Shipmates/Printmates is the largest on-demand printer in New York’s Capital Region. Main areas of focus are printing, promotional items, fulfillment and multimedia.

LockeBridge,LLC, was engaged as the exclusive advisor to Alliance Marketing Group, an $85 million leading, value-added distributor of computer components and peripherals to the rapidly expanding industrial and consumer sectors of the emerging markets of Russia and parts of Eastern Europe. The company successfully executed a recapitalization in 2006.

LockeBridge, LLC advised Y&B Corporation, an operator of fitness centers, on the sale of their Gold’s Gym holding in Salem MA. LockeBridge was hired by Sunbelt Business Advisors, one of the largest small business advisors in the country, to execute the transaction. The sale was executed in approximately four months from the date of engagement. According to Mr. Glenn Anthony, Y&B CEO, “The price was about 15% higher then we had tried to get on our own and had much better payment terms.”

LockeBridge,LLC, was engaged to advise Burnett & Moynihan, Inc. on the sale to management. The Company is a supplier of building products in the Metro Boston area.

LockeBridge Investment Banking announces the execution of a multi-national merge of 3 medical device comapanies. According to the owners, tremendous synergies wer realized creating a highly valuable transaction.

RF Medical Devices, Mercury Medical Products (d/b/a Precision Medical Engineering) both Massachusetts corporations and Neurotherm, LTD, a UK based company, announced the acquisition of the Companies by RDG Medical Holdings, Inc. The three companies sell medical devices and consumables primarily utilized in radiofrequency ablation of spinal nerves that are the cause of back pain.

The deal, funded by a New York based private equity group, “received tremendous World Wide response”, according to Mr. Scott Waxler, Managing Director of Lockebridge, LLC. At the time we were engaged by Sunbelt Business Advisors to execute their larger deals. We received over 80 inquiries ranging from multibillion dollar strategic buyers to small foreign Private Equity Groups. After sending out over 30 descriptive memorandums and receiving over 10 offers in only 8 weeks we decided to pull the offer off the market. The entire process from client engagement to closing took 7 months. This is very short for any company valued $25 – $50M let alone a roll up of 3 companies with one being internationally based.

Mr. Matthew Nekoroski, President of RF Medical Devices, and Precision Medical Engineering comments, “ we spoke to some very prestigious investment banking firms before engaging with Mr. Waxler. Prior to the role-up the three companies were valued individually at a total of $13M. Mr. Waxler proposed the role-up explaining that the synergies where substantial and as a result would achieve a valuation, in his opinion, of over $20M. We were all skeptical but in the end we obtained a price exceeding the $20M estimate. Mr. Waxler told us that he could never guarantee to sell any company but he would guarantee to get us in front of the best strategic and financial buyers in the world, and he did exactly that plus some.

Neurotherm, LTD has been in business since 1978. Located in the U.K., Neurotherm, LTD is the developer of a radio frequency generator marketed for the purpose of ablating spinal nerve causing back pain. The Company markets the product directly in the UK and through distributors in 20 other countries.

Precision Medical develops and markets consumables to the pain market. Established in 1980 Precision Medical sells to both distributors as well as direct to hospitals and pain clinics.

RF Medical Devices is the United States distributor for Neurotherm,LTD. Headquartered in Massachusetts, RF Medical sells to some of the most prestigious hospitals in the world.