O2 Investment Partners Acquires Majority Stake in Modular Devices, Inc.

Modular Devices Acquires Interim Diagnostic Imaging

February 16, 2023

Healthcare Services

Modular Devices, a portfolio company of O2 Investment Partners, announced a partnership to bring Interim Diagnostic Imaging (IDI) into its platform, significantly expanding Modular's fleet of mobile medical imaging labs. The deal strengthens Modular's service offering across CT, MRI and other imaging modalities and supports the platform's growth and diversification strategy.

Modular Devices Adds Flow Cleanrooms and Technical Air Products

January 25, 2024

Industrial Services

Modular Devices, a portfolio company of O2 Investment Partners, has invested in/partnered with Flow Cleanrooms & Supply and Technical Air Products to expand its cleanroom product and service offering. The transactions bring together design, installation, manufacturing and consumables capabilities to broaden Modular Devices' mobile and modular cleanroom solutions and ramp up manufacturing and inventory.

Modular Devices Acquires Cardiac Services Mobile

June 5, 2022

Healthcare Services

Modular Devices Acquisition, LLC has acquired Cardiac Services Mobile, Inc., a Nashville-based provider of mobile cardiac catheterization and peripheral vascular labs, expanding Modular Devices' interim lab capacity by about 33%. The deal, executed by Modular Devices (a portfolio company of O2 Investment Partners), strengthens the combined company's position as the largest provider of temporary mobile cath, EP and CT labs in the U.S. and supports planned upgrades and geographic/service expansion.

O2 Investment Partners Invests in Flip Electronics

January 13, 2021

Logistics & Distribution

O2 Investment Partners has made a significant investment in Flip Electronics, partnering with CEO Jason Murphy and management to support the company's next stage of growth; terms were not disclosed. Flip Electronics is an authorized specialty distributor of electronic components focused on end-of-life (EOL), obsolete, and hard-to-find parts, headquartered in Roswell, Georgia. Financial partners PNC Business Credit and Capital Southwest Corporation participated in the financing and Citizens M&A Advisory ran the sale process.

O2 Investment Partners Invests in 4M Building Solutions

January 18, 2023

Professional Services

O2 Investment Partners has made a significant growth investment in 4M Building Solutions, a St. Louis-based commercial cleaning, janitorial, and housekeeping services company. The capital will support 4M’s organic growth and acquisition strategy while the company continues to operate under its existing leadership; terms were not disclosed.

O2 Investment Partners and Aldine Capital Invest in MHC Software

October 12, 2017

Software

O2 Investment Partners announced a significant investment in MHC Software, Inc., partnering with CEO John Shields and management to support the company’s next stage of growth; terms were not disclosed. Aldine Capital participated in the transaction as a financial investor, and Byline Bank provided financing support. MHC, headquartered in Burnsville, Minnesota, develops document management and electronic transaction processing software that integrates with ERP and HCM systems.