ONCAP Invests in Biomerics; Biomerics Merges with Precision Concepts Medical

May 17, 2023

ONCAP (Onex) has made a significant investment in Biomerics and is merging the medical business of Precision Concepts (Precision Concepts Medical) into Biomerics. The transaction, completed with participation from Biomerics' founder Travis Sessions, current shareholder Wasatch Equity Partners and the Marino family, creates a larger vertically integrated medical device contract manufacturer with expanded capabilities and scale to pursue further strategic M&A.

Buyers
ONCAP (Onex), Wasatch Equity Partners, Travis Sessions, Marino family
Targets
Biomerics, Precision Concepts Medical (medical business of Precision Concepts Group)
Sellers
Precision Concepts, Marino family
Industry
Medical Devices
Location
Utah, United States
Transaction Type
Buyout

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