Sale to Cressey & Company

Healthcare
Sale to Cressey & Company

Summary

Baird served as financial advisor to SLMP, LLC on this transaction

About

SLMP, LLC (“StatLab Medical Products” or the “Company”), a portfolio company of Prairie Capital, L.P. (“Prairie Capital”), was recently acquired by Cressey & Company, LP (“Cressey”). Terms of the transaction were not disclosed.

StatLab Medical Products is a leading developer, manufacturer and marketer of branded consumables used by anatomic pathology laboratories to diagnose cancer. The Company serves a customer base of leading independent laboratories, hospitals and OEMs, in addition to maintaining relationships with leading GPOs. The Company’s manufacturing facilities are FDA registered and ISO 13485 certified. StatLab Medical Products is headquartered in McKinney, Texas with a custom-built, state-of-the-art manufacturing facility.

Prairie Capital, founded in 1997, is a private equity firm focused on facilitating ownership transitions for lower middle market companies. Prairie Capital is typically the first institutional investor in these entrepreneurial companies, with an aim toward growing and professionalizing the businesses. Prairie Capital is headquartered in Chicago, Illinois.

Cressey is a private investment firm focused on building leading healthcare provider, service and information technology businesses. With a history spanning nearly 35 years, the Cressey team is one of the most experienced and successful in the healthcare private equity field. Cressey is headquartered in Chicago, Illinois and Nashville, Tennessee.
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Healthcare
Sale to Cressey & Company
Date
May 2017
Company
SLMP, LLC
Transaction
M&A
Sectors
Healthcare
Target Location
North America
Acquiror Location
North America

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