Squadron Capital has acquired Forum Plastics, a maker of sterile-ready and non-sterile thermoformed medical plastic products.
Forum Plastics specializes in components and assemblies with complex geometries that are essential to the operation of medical devices or complex commercial products. Most of Forum’s projects support current and next-generation minimally invasive surgical devices such as endoscopic access ports and filters, vein harvesting devices, vascular infusion delivery systems, and cardiac catheter insertion devices. Forum Plastics was founded in 1980 and is headquartered in Waterbury, CT (www.forummolding.com).
“Forum differs from most molders by focusing exclusively on the most critical portions of a device where its expertise in mold engineering and state-of-the-art molding processes are critical to the success of its customers’ projects,” said David Pelizzon, Squadron Capital’s President.
Squadron Capital invests in companies based in the United States and abroad that have revenues between $10 million and $100 million. Squadron has an investment focus on developers and manufacturers of orthopedic medical devices, implants and surgical instrumentation. The firm was founded in May 2008 and is based near Hartford in Granby, CT (www.sqdncap.com).
P&M Corporate Finance (www.pmcf.com) was the financial advisor to Squadron Capital. “We have worked closely with PMCF over a number of projects and value their insight and expertise in the medical manufacturing and broader medical technology industries,” said Mr. Pelizzon. Reed Smith (www.reedsmith.com) provided legal counsel to Squadron.
© 2016 Private Equity Professional • 6-15-16