Allied 100, a portfolio company of Ridgemont Equity Partners, has acquired Lifeguard Medical Solutions, a distributor of automated external defibrillators (AEDs) and accessories. AEDs are electric life-saving devices used to restart patient heartbeats during a heart attack or similar emergency.
In addition to its distribution capabilities, Lifeguard is also certified by the American Heart Association as an official training services provider. Lifeguard was co-founded by Harvard Reynolds and Chet Frist in 2003 and is headquartered in Nashville (www.lifeguardmed.com) (www.aedsupplystore.com).
Allied 100, acquired by Ridgemont in December 2014, is a provider of products and services to the AED industry. The company operates AED Superstore (www.aedsuperstore.com), a distributor of AEDs and ancillary parts and accessories. The company’s products are all sourced from FDA-approved medical device manufacturers. The company also provides aftermarket support services including physician oversight, AED legal compliance and replacement parts management. Allied 100 is headquartered northeast of Minneapolis in Woodruff, WI (www.allied100.com).
“Lifeguard has a blue chip customer base and offers market-leading training services that will immediately add value to the combined business,” said Micah Bongberg, CEO of Allied 100. “This acquisition also solidifies Allied 100’s position as the largest provider of AEDs and medical direction (providing instructions on patient care to an emergency provider or caregiver) in the United States.”
Ridgemont Equity Partners focuses on middle market buyout and growth equity investments of $25 million to $100 million. The firm invests in the following sectors: basic industries and services; energy; healthcare; and telecommunications, media and technology. Ridgemont Equity Partners is headquartered in Charlotte (www.ridgemontep.com).
In November 2015, Ridgemont held a final closing of Ridgemont Equity Partners II, LP at the fund’s hard cap of $995 million.
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 4-27-16