As part of this transaction, IMDS will become part of CoorsTek Medical LLC, a newly formed affiliate of the technical ceramics supplier CoorsTek, Inc.
“We are very excited to have IMDS and its talented employees join the team,” said Jonathan Coors, a Manager at Golden Equity Investments and now the new CEO of IMDS. “We believe this acquisition allows for expansion into a key market and we bring significant experience and expertise to IMDS, particularly around operational excellence in manufacturing and materials.”
IMDS has seven locations across the US specializing in outsource product development and manufacturing to medical device OEMs, as well as innovation partnerships with surgeon inventors. The company is headquartered in Ft. Worth, TX (www.imds.net).
“The combination of IMDS and CoorsTek Medical will bring a unique portfolio offering to its customers. The acquisition also demonstrates CoorsTek Medical’s commitment to become a leading orthopedic implant and instrumentation supplier globally, while maintaining its lead in innovative orthopedic product development,” said Brady Shirley, President of IMDS.
Golden Equity Investments seeks to acquire middle market manufacturing companies who can benefit from the firm’s competencies in global manufacturing, operations, logistics and managing complex supply chains. The firm was founded in 2011 and is based in Golden, CO (www.goldenequityinvestments.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 9-16-13