Beecken Petty O’Keefe has sold Reichert Technologies to AMETEK
Lincoln International, a leading global mid-market investment bank, has announced that Beecken Petty O’Keefe and Company (“BPOC”), a private equity firm focused exclusively on the health care industry, has completed the sale of Reichert Technologies, Inc. (“Reichert”) to AMETEK, Inc. (NYSE: AME) (“AMETEK”) for $150 million.
Located in Depew, New York, Reichert is a global leader in the design and manufacture of high-quality diagnostic instruments and equipment for ophthalmologists, optometrists and opticians. The company’s products are used for a wide range of applications, from common vision testing to diagnosing sight-threatening diseases such as glaucoma and macular degeneration.
AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $3.0 billion. The Reichert acquisition expands AMETEK’s business in the medical market and allows it to enter the attractive ophthalmic instruments market with an industry leader and innovator.
Lincoln acted as the exclusive financial advisor to BPOC and Reichert, working closely with the company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction. “Lincoln’s healthcare industry knowledge coupled with its global access to key decision makers at potential strategic acquirers for Reichert resulted in a very efficient process and an attractive outcome for both BPOC and Reichert’s management,” said Dave Cooney, Partner, Beecken Petty O’Keefe and Company.
About Beecken Petty O’Keefe and Company
Beecken Petty O’Keefe & Company is a Chicago-based private equity management firm founded in 1996 to invest in middle market buy-out transactions, recapitalizations, and growth platforms in the health care industry. BPOC evaluates, structures, and manages investments on behalf of institutional and individual investors. BPOC currently manages over $700 million in equity commitments. The firm is headquartered in Chicago, Illinois. For more information on Beecken Petty O’Keefe, visit www.bpoc.com.
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