US-based private equity firm Arlington Capital Partners has acquired Avalign Technologies Holdings from RoundTable Healthcare Partners.
Terms of the deal have not been disclosed.
Avalign CEO Forrest Whittaker said: "Avalign is committed to improving patient outcomes by providing best-in-class medical devices through our industry leading end to end capabilities."
Based in Lake Forest of Illinois, Avalign is a premier and full-service precision producer of implants and instruments, specialty instrumentation, cutting tools, and cases and trays to the orthopedic medical device and specialty surgical markets.
The company supports its OEM partners by providing a wide range of manufacturing solutions and extensive engineering design, development and project management capabilities from concept to launch.
RoundTable founding partner and co-chairman and Avalign chairman Joseph Damico said: "Avalign’s management team has built a best-in-class manufacturing platform, providing a consultative go-to-market approach and project management capabilities for its OEM customers.
"We believe that Arlington will be an excellent partner to help the Company achieve its next phase of growth."
Arlington invests in different industries such as healthcare services, aerospace/defense, government services, and outsourced business services and software.
Image: Arlington Capital to purchase Avalign Technologies from RoundTable Healthcare. Photo: courtesy of adamr/ FreeDigitalPhotos.net.