Cobblestone Advisors is pleased to announce the sale of Med-DISPENSE, L.P., a portfolio company of CMS Small-Cap Private Equity Fund, to strategic buyer Emerson. Cobblestone acted as the exclusive advisor to Med-DISPENSE. The transaction was led by Patrick Hanraty and David Allebach from the firm’s Philadelphia office, along with David Keys of Harris Williams & Co.’s Healthcare & Life Sciences Group in Richmond.
Med-DISPENSE (www.med-dispense.com) is a leading provider of affordable automated medication dispensing solutions used in small hospitals and specialty healthcare facilities. For more than a decade, Med-DISPENSE has met the needs of the medical community by offering secure, around-the-clock access to medications through premium quality dispensing cabinets supported by a robust proprietary software platform.
CMS Small-Cap Private Equity Fund (www.cmssmallcap.com) is a direct private equity offering from CMS Companies, a Philadelphia investment firm that has helped entrepreneurs grow, manage and preserve their personal wealth for more than 35 years. The CMS Small-Cap Private Equity Fund makes primarily control investments with entrepreneurs into micro- and small-cap companies with less than $6 million of cash flow.
Emerson (www.emerson.com; NYSE:EMR), based in St. Louis, Missouri, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies and appliance and tools businesses. medDISPENSE will enhance Emerson Storage Solutions’ line of specialized cart and mobile computer workstation technologies serving the healthcare industry.
Cobblestone Advisors (www.cstoneadvisors.com) is a specialty group of Harris Williams & Co. that provides premium quality merger and acquisition advice to family and closely-held businesses and lower-middle market private equity groups. Transaction services include private company sales, corporate divestitures and leveraged recapitalizations for companies.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is one of the largest mergers and acquisitions advisory firms in the country focused exclusively on the middle market. Harris Williams & Co. represents private equity groups as well as publicly and privately held companies worldwide.
Harris Williams & Co. and Cobblestone Advisors are trade names under which Harris Williams LLC conducts its business. Harris Williams LLC is a registered broker-dealer and member FINRA/SIPC.
For general release inquiries, please contact Kimberly Baker, Marketing Director, at (804) 648-0072.