Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised The InterMed Group (InterMed), a portfolio company of Granite Bridge Partners LLC (Granite Bridge), on its sale to Cressey Company LP (Cressey) and Health Enterprise Partners (HEP). InterMed is a healthcare technology management services partner that provides an array of asset management options to its clients. The transaction was led by Andy Dixon, Tyler Bradshaw, Brian Jones and Sydney Pruitt of the Harris Williams Healthcare Life Sciences (HCLS) Group.
"The medical equipment repair and maintenance services sector continues to command a high level of interest from investors, who are attracted to the large addressable market, the strong value proposition offered by independent service organizations, and the recurring nature of the offerings. Within the sector, management and Granite Bridge have done an exceptional job of differentiating InterMed through its quality and both the comprehensive and flexible nature of its service offering, positioning it to continue its strong growth trajectory," said Andy Dixon, a managing director at Harris Williams.
"We believe InterMed is well-positioned to capitalize on the growth in outsourcing from hospitals and health systems which are increasingly turning to third parties to provide comprehensive asset management solutions that drive efficiencies and productivity," said Tyler Bradshaw, a director at Harris Williams. "InterMed is a differentiated platform that will continue to benefit significantly from the market tailwinds in the sector, and we look forward to seeing the company's continued success and growth with Cressey and HEP."
InterMed is a premier provider of integrated health technology management services to an array of hospitals, health systems, ASCs, imaging centers and veterinary hospitals. From comprehensive equipment planning and administration to strategic coverage of key divisions or modalities in support of in-house, OEM, or hybrid solutions, InterMed strives to enhance overall program quality, cost, timeliness, and client confidence, by tailoring its services to the needs of their clients.
Granite Bridge Partners LLC is a private equity investment firm that targets control investments in lower-middle market companies in the U.S. and Canada with EBITDA between $2 million and $10 million in the following targeted industries: commercial, industrial and professional services; healthcare services; and value-added manufacturing and distribution. For more information, visit granitebridge.com.
Based in Chicago, Illinois and Nashville, Tennessee, Cressey is a private equity firm focused on investing in leading healthcare services and information technology businesses. With a history spanning 40 years, the Cressey team is one of the most experienced and successful in the healthcare private equity field.
HEP invests in privately held, lower-middle market healthcare services and information technology companies. Central to HEP's strategy is its unique and extensive hospital system and health plan network, 41 members of which are investors in HEP's funds. HEP seeks to invest in companies that improve the quality of the patient experience, expand access and reduce the cost of healthcare.
Harris Williams is a global investment bank specializing in M&A advisory services. Clients worldwide rely on us to help unlock value in their business and turn ambitious goals into reality. We approach every engagement with boundless collaboration, pooling expertise and relationships across industries and geographies to uncover the unique story of each company. For over 30 years, our clients have trusted us to think strategically, execute precisely, and deliver premium outcomes through M&A.
Driven by strong demographic tailwinds, the healthcare industry combines fast-paced innovation with steadily growing demand, offering investors a wide array of opportunities. With deep industry knowledge, the Harris Williams HCLS Group helps investors and company leaders turn their ambitious goals into reality through M&A. Our global clients rely on our trusted advice to uncover opportunities in the healthcare market and help unlock value in their businesses. We partner with clients across key sectors such as providers, outsourced provider services, payors payor services, medical products and devices, healthcare IT, and more.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams Co. Ltd and Harris Williams Co. Corporate Finance Advisors GmbH conduct business.
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