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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