PR 2018 No. 20
XLS Partners advises MedService Repair in its sale to MPG Equity Partners
CHICAGO, IL – XLS Partners, Inc., an independent investment banking firm providing M&A advisory, capital raising, and debt advisory services, is pleased to announce that its client, MedService Repair has been acquired by MPG Equity Partners.
MedService Repair is a Mundelein, Illinois based supplier of a broad line of consumable medical products including filters, lamps, enzymatic cleaners, forceps, and other products used primarily in endoscopic procedures. MedService is also a leading provider of repair services for endoscope reprocessors and sells refurbished reprocessors and other endoscope equipment.
MedService serves a diverse customer base of over 1,000 hospitals, clinics, and surgery centers that perform endoscopy procedures. The Company is known as one of the most trusted service providers in the industry due to its excellence in customer service, technical support, unique capabilities, and competitive pricing.
MPG Equity Partners is a Chicago, Illinois based privately funded family office that invests in healthcare, business, and consumer service companies, with a focus on niche manufacturing and value-added distribution. MPG partners with management teams to increase value by accelerating revenue growth, both organically and through complimentary acquisitions.
XLS acted as the exclusive M&A advisor to MedService Repair and the transaction was led by Brian Ytterberg, Managing Director. The transaction was completed August 31, 2018.
About XLS Partners
XLS Partners, Inc. is an independent investment banking firm that provides M&A advisory, capital raising and debt advisory for select clients globally. Middle market companies and private equity funds rely on our creative solutions, thoughtful insight and truthful advice when considering exiting their companies, making strategic acquisitions, partnering with private equity sponsors and raising debt or equity capital.
More information is available at www.xlspartners.com.