Cadence, Inc., a medical device contract manufacturer has agreed to be acquired by the private equity firm Kohlberg & Company. Terms were not announced.
Cadence had its origins in edged and pointed instruments and expanded to full contract manufacturing with the addition of assembly and additional metal working facilities. The company’s 2017 revenues were $96.7 million with $20 million in EBITDA.
Kohlberg’s strategy has been to acquire platform companies with an eye to the acquisition of additional bolt-on acquisitions.
