Transactions
Business Services
Consumer
Financial Services
Financial Sponsors
Healthcare
Information & Financial Technology
Infrastructure & Industrials
Technology
Financial Sponsors

Elastic Therapy, Inc.

Deal Summary

McColl Partners, LLC ("McColl Partners") acted as financial advisor to Elastic Therapy, Inc. ("ETI" or the "Company") in its sale to DJO Incorporated ("DJO"), a portfolio company of The Blackstone Group (NYSE:BX). ETI is the largest U.S.-based designer and manufacturer of private label medical compression therapy products used to treat and prevent a wide range of venous disorders. The acquisition of ETI presents an excellent strategic fit for DJO by providing a complementary product suite and distribution channel base to bolster DJO's growing vascular franchise worldwide.

About Elastic Therapy, Inc.

Based in Asheboro, North Carolina, ETI is a designer and manufacturer of approximately 200 medical compression products, including surgical weight stockings, anti-embolism stockings, braces, armsleeves, sheer products, and a variety of medical compression socks. These products reduce the incidence of vascular diseases such as deep vein thrombosis and pulmonary embolism, which have been cited as the number one cause of unexpected death and the most common preventable cause of hospital death. The Company has an impressive record of accomplishment in product innovation with its customers and exemplary customer service spanning two decades, creating longstanding relationships with customers that include many large recognizable branded companies in the medical compression sector across U.S. and international markets.

About McColl Partners, LLC

McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies.  With significant experience working with entrepreneurs, family-owned businesses, private equity groups, public companies, financial institutions, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.

For more information about this transaction or our broader Healthcare experience, please contact the head of our Healthcare Group, Dave Vorhoff, at 704-333-0519. Additional information about McColl Partners can be found at www.mccollpartners.com.

"McColl Partners' industry insight and professionalism were critical to the successful execution of this strategic partnership within our desired timeframe. We are very pleased with the outcome McColl Partners was able to achieve and are excited to combine our strengths with DJO to better serve our customers and expand distribution of our compression therapy products, particularly into the professional medical market."

Mac Ramsay

Chief Executive Officer
Elastic Therapy, Inc.

"ETI's management team has developed the Company's leading position in a strong and growing category by providing superior products and value-added services to its customers. We are excited to have been able to help the Ramsay family realize the next phase of ETI's growth story."

Dave Vorhoff

Managing Director
McColl Partners, LLC

Print this Transaction

charlotte·dallas·atlanta·los angeles

©2009 mccoll partners|privacy|Business Continuity Plan