AUSTIN,
Texas, June 3, 2024 /PRNewswire/ -- An affiliate
of Peak Rock Capital ("Peak Rock"), a leading middle-market private
equity firm, announced today that it has completed the previously
announced acquisition of the dental segment ("HuFriedyGroup" or the
"Company") of STERIS plc (NYSE:STE) ("STERIS").
Founded in 1908, HuFriedyGroup is a leading global manufacturer
of high-quality instruments, infection prevention products,
instrument management systems, and conscious sedation products for
the dental industry. The Company has industry leading brands,
including Hu-Friedy, Crosstex, Omnia, and Accutron. Headquartered
in Chicago, Illinois, the Company
serves customers in ~100 countries, and is supported by a base of
~1,500 employees across over 20 global manufacturing facilities and
locations. The Company has built a strong reputation in the
industry for its outstanding quality, broad product offerings,
efficient workflow solutions, and ergonomic instrument designs.
Spencer Moore, Managing Director
of Peak Rock Capital, said, "HuFriedyGroup's differentiated brands,
high-quality product offerings, strong customer base, and
outstanding team make this a highly compelling investment
opportunity. We look forward to partnering with the management team
and employees to drive further new product innovation and
accelerated organic growth. We're also excited to help the team
pursue complimentary acquisitions to extend the product and brand
portfolio."
Anthony DiSimone, Chief Executive
Officer of Peak Rock, added, "This investment exemplifies Peak
Rock's deep experience and capability in executing complex
carve-out transactions. It also highlights our continuing efforts
to expand our investments in medical technology and global
manufacturing businesses. We believe that HuFriedyGroup represents
an excellent platform for growth through near-term organic
initiatives and strategic acquisitions."
ABOUT HUFRIEDYGROUP
HuFriedyGroup is a leading global manufacturer of dental
instruments, instrument management systems, infection control
products, and conscious sedation equipment and accessories under
the HuFriedy, Crosstex, Omnia, and Accutron brands. Its 10,000-plus
products are known for their precision, performance, longevity,
reliability, and quality. HuFriedyGroup helps dental professionals
be the best in practice by bringing together world-class products,
services, education, and communities that result in superior
clinician performance, clinical outcomes, and enhanced safety for
clinicians and patients. Founded in 1908 and headquartered in
Chicago, HuFriedyGroup products
are distributed in ~100 countries, and is supported by a base of
~1,500 employees across over 20 global manufacturing facilities and
locations. For more information
visit https://www.hufriedygroup.com.
ABOUT PEAK ROCK CAPITAL
Peak Rock Capital is a leading middle-market private investment
firm that makes equity and debt investments in companies in
North America and Europe. Peak Rock's equity investment platform
focuses on opportunities where it can support senior management to
drive rapid growth and profit improvement, with expertise in
corporate carve-outs and partnering with families and founders
seeking first-time institutional capital. Peak Rock's credit
platform invests across capital structures, with a broad mandate to
provide flexible, tailored capital solutions to middle-market and
growth-oriented businesses. Peak Rock's real estate platform makes
equity and debt investments in small to mid-sized real estate
assets in attractive, growing geographies. For further information
about Peak Rock Capital, please
visit www.peakrockcapital.com.
Media Contact:
Daniel Yunger
Kekst CNC
(212) 521-4800
Daniel.yunger@kekstcnc.com
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SOURCE Peak Rock Capital LLC