Arlington Capital Partners announces the acquisition of Millstone Medical Outsourcing

Overview

Deal Type Mergers & Acquisitions
Client & Transactional Partners ACP
Millstone Medical Outsourcing
 
Our Role Buy-Side Advisor

Summary

John Soden | Sean Trail

Arlington Capital Partners, a Washington, DC-area private equity firm, announced the acquisition of Millstone Medical Outsourcing. Headquartered in Fall River, MA, Millstone is a comprehensive solutions provider of quality-critical services to the medical device and pharmaceutical industries, managing post-manufacturing services and supply chain and logistics services. Millstone’s post-manufacturing services include sterile packaging, advanced inspection, validation engineering, and clean room services. The Company’s supply chain and logistics services include specialized distribution, cold chain logistics, and inventory and returns management.

Cain Brothers, a division of KeyBanc Capital Markets, was engaged to serve as Arlington’s financial advisor based on its deep domain expertise in the Medical Device Manufacturing and Outsourced Services sectors, as well as its long-standing relationship with Arlington.

Arlington Capital Partners is a Washington, DC-based private equity firm that is currently investing out of Arlington Capital Partners V, L.P., a $1.7 billion fund. The firm has managed approximately $4.0 billion of committed capital via five investment funds. Arlington is focused on middle market investment opportunities in growth industries including healthcare, aerospace & defense, government services and technology, and business services and software. The firm’s professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company’s position as leading competitors in their field.

Headquartered in Fall River, MA, Millstone is a comprehensive solutions provider of quality-critical services for the medical industry, managing post-manufacturing services and supply chain and logistics services. The Company has 100+ programs with blue-chip medical device and pharmaceutical companies, innovators in robotic-assisted surgery, mid-size medical device OEMs, and emerging growth manufacturers. Millstone currently employs ~560 employees across two facilities in Fall River, MA and Olive Branch, MS.

Cain Brothers

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