GC Capital has acquired a majority stake in Med-Tech Resource. Med-Tech supplies EMTs, fire departments, police departments and the military with critical emergency medical supplies. Financial terms of the transaction were not disclosed.
PRESS RELEASE
GC Capital, a private investment firm based in San Francisco, announced today that it has acquired a majority stake in Med-Tech Resource. Med-Tech supplies EMTs, fire departments, police departments and the military with critical emergency medical supplies. Michael Modrich, the founder of Med-Tech Resource, will remain as President; Modrich’s father and business partner, Gene Modrich, is retiring from the business. Financial terms of the transaction were not disclosed.
Founded in 1996 in Eugene, Oregon, Med-Tech is the premier designer, manufacturer and distributor of first-responder emergency medical equipment and supplies. The Company offers over 20,000 high-quality products to the emergency medical market. Med-Tech sells these products through its dedicated sales team and website.
Michael Modrich, President and Founder of Med-Tech said, “I am pleased to have GC Capital as my new partner. They share our vision of growing Med-Tech while maintaining the highest levels of customer satisfaction. Their operational and financial expertise will help us expand our product portfolio as we continue to serve our customers with high-quality products and service.”
Greg Chiate, Partner at GC Capital stated, “Michael, along with the rest of his management team, built a strong and growing base business in the emergency medical supplies market. We are excited to partner with Med-Tech both financially and operationally to support their continued growth in this market as well as penetration into adjacent medical fields.”
About Med-Tech Resource
Med-Tech Resource is a designer, manufacturer and distributor of medical supplies and equipment to EMTs, fire departments, police departments and the military. The Company is dedicated to providing quality and cost-effective emergency medical equipment and supplies.
Med-Tech’s mission is to provide the highest level of customer satisfaction through innovative, high-quality products that improve health care delivery for caregivers and those they serve. With personalized Account Management, dedicated Customer Service, dependable Product Quality, and continued growth of Product Lines, the Company focuses on exceeding the demands of its customers.
www.gomed-tech.com
About GC Capital
GC Capital is a San Francisco-based private investment firm focused exclusively on acquisitions, recapitalizations and equity financings of lower middle market companies. The firm’s investments provide liquidity for owners, capital for growth and acquisitions, and a partnership to achieve equity appreciation.
GC Capital brings strategic, operational, and financial expertise to each investment to help its partners maximize their potential. The company’s two senior partners collectively have 40+ years of investing, acquisition and operational experience and have made equity investments totaling over $900 million. The partners’ transaction experience, diverse backgrounds, and track record of value creation offer a unique strategic partnering opportunity for founders and business owners interested in selling or recapitalizing their company.
The firm is privately funded utilizing its partners’ capital; it does not require outside equity capital to consummate transactions. GC Capital invests in a wide array of industries including healthcare, manufacturing, business services and specialty distributors, targeting companies with EBITDA of at least $1 million.
For more information contact:
Greg Chiate
415-547-0033
greg@gccap.com
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