AliMed Partners with HKW for Strategic Recapitalization

HKW Partners with AliMed to Fuel Growth Hammond Kennedy Whitney & Co. (HKW), a middle-market private equity firm, has announced a partnership with the Cherubini family to recapitalize AliMed Inc., a renowned provider of medical products. Founded over 55 years ago by the Cherubini family and based in Dedham, Massachusetts, AliMed serves healthcare facilities across the United States with a wide variety of medical devices and products. The collaboration with HKW aims to honor AliMed’s legacy while accelerating its growth and expanding its reach in the healthcare market. Alexandra Cherubini, representing the founding family, expressed her confidence in HKW, highlighting that the partnership aligns with AliMed's mission of delivering quality and service to healthcare communities. The firm already enjoys a reputation for superior product management and customer service. HKW's strategy involves focusing on family-owned businesses and nurturing them to achieve greater profitability and growth potential. The transaction is part of HKW's ongoing strategy of investing in companies within the manufacturing, distribution, and business services sectors in the U.S. and Canada. With expertise in specialty manufacturing and distribution businesses, HKW plans to intensively support AliMed in boosting its operational capabilities, exploring digital advancements, and potentially pursuing acquisition opportunities to further solidify its market position. Detailed financial terms of the deal were not disclosed. The transaction has been facilitated with Taft Stettinius & Hollister LLP acting as legal advisors to HKW and North Point Mergers & Acquisitions, alongside Williams Mullen, serving as advisors to AliMed. This strategic partnership reflects the continuing trend of private equity firms targeting family-owned business models possessing promising potential for organic and acquisitive growth.