BPOC has announced the sale of Midwest Products & Engineering (MPE) to Graham Partners.
MPE, founded in 1978 and based in Milwaukee, Wisconsin, is a contract designer, developer and manufacturer of electromechanical and robotic-assisted surgical systems for the medical device market.
BPOC, founded in 1996 and based in Chicago, seeks control and minority equity investments in middle market companies exclusively within the healthcare industry. The firm pursues companies generating at least $3 million in EBITDA through a wide range of investments. Within healthcare, the firm targets companies in the provider services, life sciences/pharmaceutical and non-reimbursement industries.
Graham Partners, founded in 1998 and based in Newtown Square, Pennsylvania, is a private investment firm focused on industrial technology and advanced manufacturing businesses.
Terms of the transaction were not disclosed.