Tillery Capital has acquired Electromedical Products International, a manufacturer of cranial electrotherapy stimulator (CES) devices used to treat anxiety, insomnia, depression and pain. This transaction closed on June 30, 2016.
Electromedical’s products, sold through independent representatives and distributors under the Alpha-Stim brand name, are handheld and noninvasive devices and are designed for use in medical facilities, physician offices and at home. Electromedical is based west of Fort Worth in Mineral Wells, TX (www.alpha-stim.com).
Tillery Capital is a family-office that invests in lower middle-market companies that have EBITDA of $2 million to $10 million. Sectors of interest include: agriculture products and equipment; livestock/animal health products and services; healthcare device manufacturers; healthcare services; niche manufacturing; niche software businesses; specialty chemicals; and commercial and industrial service companies. Tillery Capital is based in Charlotte, NC (www.tillerycapital.com).
Dallas-based investment bank Generational Equity (www.genequityco.com) was the financial advisor to Electromedical Products International. The Generational Equity team was led by Managing Director Michael Goss and Vice President Bryan Gooden.
© 2016 Private Equity Professional • 9-1-16
