Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

October 2012


Performance Health and Wellness Holdings Inc.
Sale to Gridiron Capital, LLC


Baird served as financial advisor to Performance Health and Wellness Holdings Inc.


Performance Health and Wellness Holdings Inc. (“Performance Health” or the “Company”), a portfolio company of Cortec Group (“Cortec”), recently announced its sale to Gridiron Capital, LLC (“Gridiron”) and affiliated investors. Terms of the transaction were not disclosed.

Performance Health is a leading designer, manufacturer and marketer of branded rehabilitation and wellness products sold into a variety of U.S. clinical markets, through leading national retailers and in over sixty countries through a multi-national network of distribution partners. The Company’s product offering includes an innovative line of market-leading topical analgesics and a broad range of rehabilitation and wellness products, including progressive resistance bands and tubing, exercise balls, hand exercisers, stability trainers and a number of other specialty products. In addition, the Company formulates and manufactures a variety of highly engineered products primarily for dental and specialty healthcare applications. Performance Health markets its diverse product offering under the well-known and highly recognized Thera-Band®, Biofreeze®, Perform® and Hygenic® brand names. Performance Health is based in Akron, Ohio.

Founded in 1984, Cortec acquires high value-added, middle market healthcare, consumer and specialty products, service, and distribution businesses from owners and management teams who want to work with Cortec to drive growth and improve business fundamentals. Cortec currently manages over $1 billion in its two active funds and targets platform acquisitions with enterprise values of $40 million to $300 million and smaller follow-on acquisitions.

Founded in 2004, and based in New Canann, CT, Gridiron is a private equity firm focused on middle-market manufacturing, service and specialty consumer companies in the United States and Canada. The firm’s principals employ a combination of strategic, operating and financial experience to provide portfolio companies with competitive advantages.

For additional information about this transaction, please contact:
Managing Director
(704) 553-6615
Managing Director
(704) 553-6612
Managing Director, Co-Head of M&A
(704) 553-6611
Managing Director, Head of Financial Sponsor Group
(312) 609-4913
Managing Director
+44 (0) 20 7667 8225
Vice President
(312) 609-4935
Vice President
(312) 609-4470

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