Kirtland Capital Partners has sold MicroGroup to TE Connectivity
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Kirtland Capital Partners (“Kirtland”) and other shareholders have sold MicroGroup, Inc. (“MicroGroup” or the “Company”) to TE Connectivity Ltd. (“TE”). Terms of the transaction were not disclosed.
MicroGroup is a leading manufacturer of precision medical components and sub-assemblies with expertise in difficult-to-manufacture, small diameter stainless steel tubing. The Company offers a comprehensive, integrated suite of 50+ in-house precision metal production operations supporting the full product life cycle from prototype to production. MicroGroup’s customers include more than half of the world’s largest medical device and analytical instrument companies across analytical and diagnostic instruments, cardiology, gastroenterology and endoscopy, neurology and spinal, and orthopedic and sports medicine segments. MicroGroup was founded in 1971 and is headquartered in Medway, Massachusetts. For more information, visit www.microgroup.com.
Bill Bergen, President and CEO of MicroGroup, commented, “Lincoln’s medical device outsourcing experience and insights were key to positioning MicroGroup’s unique business model and value proposition in a compelling manner.”
Tom Littman, President and Managing Partner of Kirtland, also noted, “Lincoln faithfully represented Kirtland and other shareholders by driving a strategic outcome through senior level attention, buyer knowledge and relationships, and process excellence.”
Lincoln acted as the exclusive investment banking representative for Kirtland and MicroGroup, working closely with the Company’s management team and shareholders throughout the sale process. The transaction closed less than three months from when Lincoln started the marketing process, delivering a strategic outcome on an accelerated timeline. Lincoln provided advisory expertise and managed the preparatory, marketing, negotiation and due diligence phases of the transaction.
About Kirtland Capital Partners
Kirtland Capital Partners is a lower mid-market private equity firm with 40 years of experience partnering with management teams to create long-term value. The firm pursues a flexible investment approach, making both majority and minority equity investments in companies throughout the United States and Canada. Throughout its history, Kirtland has successfully invested in a wide variety of niche manufacturing and business services companies. Kirtland focuses on building long-term partnerships with its management teams, investors, operating resources, service providers, and financing and deal sources. Relationships matter at Kirtland.
Meet our Senior Team
I work hand in hand with clients to help drive business improvements and strategic positioning.
View More Transactions
Lincoln International is pleased to have advised Gibson Holdings Inc on the intended disposal of its 54.65% shareholding in Tokyo Stock Exchange listed TEAC Corporation to Global Acoustic Partners LLC through a public tender offer by Global Acoustic Partners LLC
Lincoln International is pleased to announce that management and BPE have acquired Dätwyler Sealing Technologies, a leading manufacturer of rubber-based extruded solutions in the constructions, tunnelling and track superstructure segments
Lincoln International is pleased to announce that FMG Suite, LLC, a portfolio company of K1 Investment Management, LLC, has been acquired by Aurora Capital Partners
Lincoln International is pleased to announce that Gruppo Sapio has acquired a majority stake in Homeperf . Parquest Capital, BNP Paribas Développement and Arkea Capital will reinvest in the business alongside Sapio