GC Capital has acquired a majority stake in Med-Tech Resource, a provider of emergency medical supplies. Michael Modrich, the founder of Med-Tech Resource, will remain as President.
Med-Tech is a designer, manufacturer and distributor of first-responder emergency medical equipment and supplies. The company offers over 20,000 products to the emergency medical market including EMTs, fire departments, police departments and the military. Med-Tech sells these products through its dedicated sales team and through its website . The company was founded in 1996 and is based in Eugene, OR (www.gomed-tech.com).
“I am pleased to have GC Capital as my new partner. They share our vision of growing Med-Tech while maintaining the highest levels of customer satisfaction. Their operational and financial expertise will help us expand our product portfolio as we continue to serve our customers with high-quality products and service,” said Mr. Modrich.
GC Capital is focused exclusively on acquisitions, recapitalizations and equity financings of lower middle market companies with EBITDAs of at least $1 million. Sectors of interest include healthcare, manufacturing, business services and specialty distributors. The firm is based in San Francisco (www.gccap.com).
“Michael, along with the rest of his management team, built a strong and growing base business in the emergency medical supplies market. We are excited to partner with Med-Tech both financially and operationally to support their continued growth in this market as well as penetration into adjacent medical fields,” said Greg Chiate, Partner at GC Capital.
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-4-13