Gridiron Capital Acquires Thera Pearl
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Gridiron Capital Acquires Thera Pearl

thera nfPerformance Health, a health, wellness, and self-care company and a portfolio compmay of Gridiron Capital, has acquired THERA°PEARL, a maker of hot and cold health therapies.

THERA PEARL creates hot and cold therapy products using its proprietary Pearl Technology. Based on the frozen peas concept, THERAPEARL products can be chilled or heated and conform to the body while providing the doctor-recommended 20 minutes of hot/cold therapy.  THERAPEARL packs are a doctor-designed, drug-free way to reduce pain. In addition to being cost-effective, reusable and easy to clean, they are hypoallergenic, non-toxic and BPA free. The products are available at most major retailers throughout the US and Canada, including Wal-Mart, Rite Aid, Kroger, Dick’s Sporting Goods, and most recently, Target. This past March, the company launched internationally, making its products available on the shelves of the market leading European pharmacy chain, Boots. The company was founded in 2008 and is located in Columbia, MD (www.TheraPearl.com). THERA°PEARL will continue to operate from their headquarters in Maryland.

THERAPEARL recently ranked 41st on Forbes magazine’s list of most promising companies and landed at 209 on the 2013 Inc. 500|5000 list of the fastest growing private companies in America with 2,017 percent growth.

Performance Health is designer, manufacturer and marketer of branded rehabilitation and wellness products sold into a variety of U.S. clinical markets, national retailers and in over sixty countries through a multi-national network of distribution partners. The company’s product offering includes topical analgesics and a range of rehabilitation and wellness products. In addition, the company formulates and manufactures a variety of products primarily for dental and specialty healthcare applications. Performance Health markets its product offering under the the nrand names – TheraBand™, Biofreeze®, Perform®, Cramer®, Bon Vital’® and Hygenic® brand names. The company is based in Akron, OH (www.performancehealth.com).

“THERAPEARL brings proven strength and additional scale to our emerging retail business,” said Marshall Dahneke, president and chief executive officer, Performance Health. “The alignment for us is both natural and exciting as Performance Health is well positioned to introduce and promote THERA°PEARL’s unique portfolio more broadly while THERA°PEARL’s emphasis on resolving pain and promoting wellness is entirely aligned with our other key brands. Combining their strengths and momentum with the rest of our business will lead to better and more comprehensive solutions for all of the customers we serve.”

Gridiron Capital invests in manufacturing, service and specialty consumer companies that have EBITDAs from $5 million to $30 million and that are located in the United States and Canada. The firm is based in New Canaan, CT (www.gridironcapital.com).

2014 PEPD • Private Equity’s Leading News Magazine • 7-2-14

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