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

Date:
August 2021
Company:
PartsSource, Inc.
Description:
Sale to Bain Capital, LP
Sector(s):
Distribution
Healthcare
Baird served as the exclusive financial advisor to PartsSource, Inc. on this transaction

PartsSource, Inc. (“PartsSource” or the “Company”), a portfolio company of Great Hill Partners, LP (“Great Hill”), has been acquired by Bain Capital, LP (“Bain”). Terms of the transaction were not disclosed.

PartsSource is the leading B2B marketplace for medtech replacement parts and services, and the largest B2B online marketplace in U.S. healthcare, transforming one of the largest industries in the world. PartsSource’s proprietary procurement platform eliminates friction from the healthcare supply chain by delivering evidence-based decision support for healthcare technology management (“HTM”). Through an integrated suite of cloud software and marketplace technology tools, PartsSource empowers HTM teams to make data-driven decisions, manage long-tail spend, increase equipment uptime and track the quality of clinical assets. Today, PartsSource’s marketplace connects more than 3,500 hospitals, and 15,000 clinics, with more than 6,000 medtech OEMs and 2,000 medtech repair professionals across the country in a single integrated network. The Company is headquartered in Aurora, Ohio.

Great Hill is a private equity firm targeting investments of $25 million to $500 million in high-growth companies across the consumer, digital infrastructure, financial technology, healthcare and software sectors. Over the past two decades, Great Hill has raised nearly $8 billion of commitments and invested in more than 85 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale. Great Hill is headquartered in Boston, Massachusetts.

Bain has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain’s private equity team of more than 250 investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media and telecommunications. Bain Capital has 22 offices on four continents. The firm has made primary or add-on investments in more than 1,000 companies since its inception. In addition to private equity, Bain invests across asset classes including credit, public equity, venture capital and real estate, managing approximately $130 billion in total and leveraging the firm's shared platform to capture opportunities in strategic areas of focus. Bain is headquartered in Boston, Massachusetts.

For additional information about this transaction, please contact:

Bill Suddath +1-312-609-5441
Les Cheek +1-617-426-5789
Eric Winn +1-503-273-4982
Steve Sredzinski +1-312-609-7051