Mike Barbella01.14.10
Private equity firm Riverside Partners LLC has acquired CTWInc., an orthopedic-focused contract manufacturing firm, for one of its portfolio companies.
Terms of the deal were not disclosed. Riverside said it acquired Hernando,Miss.-based CTW for Tegra Medical, a Franklin, Mass.-based manufacturer of wire and tubular components. A news release about the acquisition said that CTW will leverageTegra's "organizational infrastructure" to help the company further penetrate the orthopedic market.
"We are excited about our partnership with Tegra Medical, who can provide ongoing resources, including sales and marketing resources, to support future growth," said Dale Cole Jr., CTWpresident. "We are excited about working with Riverside Partners because of their experience in growing leading healthcare businesses. Riverside can provide additional capital and resources to help the company continue its growth."
Philip Borden, a general partner at Riverside, said the acquisition and affiliation with Tegra Medical will help CTW meet the needs of current and future customers. "CTW's strong position in the spine and trauma specialties, its long-term customer relationships, and its manufacturing facility make it a perfect fit," he said.
Tegra Medical's CEO claimed the move will help his company continue to provide clients with "innovative products" as well as quality and service.
Terms of the deal were not disclosed. Riverside said it acquired Hernando,Miss.-based CTW for Tegra Medical, a Franklin, Mass.-based manufacturer of wire and tubular components. A news release about the acquisition said that CTW will leverageTegra's "organizational infrastructure" to help the company further penetrate the orthopedic market.
"We are excited about our partnership with Tegra Medical, who can provide ongoing resources, including sales and marketing resources, to support future growth," said Dale Cole Jr., CTWpresident. "We are excited about working with Riverside Partners because of their experience in growing leading healthcare businesses. Riverside can provide additional capital and resources to help the company continue its growth."
Philip Borden, a general partner at Riverside, said the acquisition and affiliation with Tegra Medical will help CTW meet the needs of current and future customers. "CTW's strong position in the spine and trauma specialties, its long-term customer relationships, and its manufacturing facility make it a perfect fit," he said.
Tegra Medical's CEO claimed the move will help his company continue to provide clients with "innovative products" as well as quality and service.