Vention Medical, a portfolio company of KRG Capital Partners since May 2008, has acquired RiverTech Medical, a supplier of medical products.
RiverTech Medical is a supplier of polyimide tubing, braided polyimide (products made out of polyimide materials are lightweight, flexible, resistant to heat and chemicals), composite tubing and wire coatings for numerous medical devices and medical device applications. The company is headquartered in Chattanooga, TN (www.rivertechmed.com).
Vention Medical is a designer, manufacturer and assembler of medical devices. The company specializes in components and services used in interventional and minimally invasive surgical products, including medical balloons, catheters, heat shrink tubing, clean room injection molding, finished device assembly and packaging services. Vention Medical is headquartered in South Plainfield, NJ (www.ventionmedical.com).
KRG specializes in acquiring and recapitalizing unique and profitable middle-market companies. Since inception, KRG has invested in 45 platform companies and has completed 136 add-on acquisitions for those platforms. Founded in 1996, KRG has over $4 billion of capital under management and is based in Denver (www.krgcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-16-13
