Precision Coating: Acquired by Integer in Strategic Medtech Expansion
Deal News | Feb 04, 2025 | Ampersand Capital Partners
Katahdin Industries, LLC has finalized the sale of Precision Coating to Integer Holdings Corporation, a move that took place on January 7, 2025. Precision Coating has developed a strong niche by offering proprietary surface treatment technologies specifically tailored to the medical device industry. These technologies include GlideLine fluoropolymer coatings, MICRALOX anodic coatings, and IonGuard ion treatment, all of which enhance the functionality and durability of medical instruments and implants. The strategic build-up of Precision Coating was augmented by five acquisitions, significantly expanding its reach and capabilities. The involvement of Ampersand Capital Partners, as a minority shareholder, was pivotal in guiding Precision Coating's trajectory in the Medtech sector. With Integer Holdings' acquisition, the synergies between the two companies are expected to drive future innovations and market presence.
Sectors
- Medical Devices
- Private Equity
- Manufacturing
Geography
- United States – The primary operations of Precision Coating and involvement of Ampersand Capital Partners are based in the U.S., with major strategic activities occurring there.
- Costa Rica – Precision Coating expanded its operations into Costa Rica, marking an international growth aspect of their strategy.
Industry
- Medical Devices – Precision Coating operates in the Medical Devices sector, providing specialized coating technologies for products essential to medical treatment.
- Private Equity – Ampersand Capital Partners, a private equity firm, played a significant role in the investment strategy and growth of Precision Coating.
- Manufacturing – The business model of Precision Coating and its acquisition by Integer Holdings highlight important aspects of manufacturing within the Medtech industry.
Financials
- – The transaction amount for the acquisition is not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Precision Coating | Target Company | Companies | A company specializing in proprietary coating technologies for the medical device industry, recently acquired by Integer. |
| Katahdin Industries, LLC | Selling Company | Companies | The parent company of Precision Coating that executed the sale of its assets to Integer Holdings. |
| Integer Holdings Corporation | Bidding Company | Companies | A major player in the medical device industry that acquired Precision Coating to augment its capabilities. |
| Ampersand Capital Partners | Minority Shareholder | Companies | A private equity firm that provided strategic guidance and investment to Precision Coating. |
| Piper Sandler & Co. | Financial Advisor | Companies | Served as the exclusive financial advisor to Katahdin during the transaction. |
| Ruberto, Israel, & Weiner, P.C. | Legal Advisors | Companies | Provided legal advisory services for Katahdin in the transaction. |