Safeguard Medical (Water Street) Acquires Water-Jel Technologies

HKW Acquires Watershield Industries

March 13, 2026

Industrial Services

HKW, a middle-market private equity firm, acquired Watershield Industries, a manufacturer and distributor of fire and rescue equipment. Watershield serves municipal, wildland and industrial customers across North America with a multi-brand portfolio including Weis Fire & Safety, S&H Products and C&S Supply. Financial terms were not disclosed.

Water Street Healthcare Partners Invests in Alcor Scientific

March 9, 2022

Medical Devices

Water Street Healthcare Partners has made a strategic investment in Alcor Scientific to support the diagnostic- and medical-device maker's product development, geographic expansion and M&A growth strategy. As part of the partnership Alcor appointed diagnostics executive Jim Post as CEO and will leverage Water Street's capital and industry expertise to expand its product portfolio and global reach.

Safeguard Medical Acquires Universal Splint Product Line from VETRUN LLC

July 20, 2021

Medical Devices

Safeguard Medical has acquired the Universal Splint product line from veteran‑owned VETRUN LLC, adding U.S.‑made splints to its trauma product portfolio. The acquisition broadens Safeguard's emergency medical offerings for both civilian first responders and military users; Safeguard Medical is a PE‑backed company (Water Street Healthcare Partners).

Safeguard Medical Acquires PerSys Medical

July 13, 2021

Medical Devices

Safeguard Medical, a Water Street Healthcare Partners portfolio company, has acquired PerSys Medical to expand its emergency medical product portfolio and global distribution. The deal adds PerSys’s bandages, tourniquets and an R&D center in Israel, broadening Safeguard’s capability in hemorrhage control and emergency response equipment.

Safeguard Medical Acquires H&H Medical Corporation

April 20, 2021

Medical Devices

Safeguard Medical, a portfolio company of Water Street Healthcare Partners, has acquired H&H Medical Corporation to expand its emergency medical product offerings. The deal adds H&H’s military-grade trauma and first-aid product lines to Safeguard’s portfolio and broadens its capabilities for first responders, military and other emergency markets.

Water Street Healthcare Partners Makes Growth Investment in Medical Guardian

January 11, 2021

Healthcare Services

Medical Guardian, a Philadelphia-based personal emergency response (PERS) provider, received a growth investment from Water Street Healthcare Partners. The capital will be used to pursue acquisitions and organic initiatives to expand Medical Guardian's connected-care offerings, healthcare partnerships and market presence for senior consumers.