EPTAM, a portfolio company of New Heritage Capital, has acquired Colorado Springs, Colorado-based Relius Medical, a provider of complex metals machining solutions for the medical device market. No financial terms were disclosed.
BOSTON–(BUSINESS WIRE)–New Heritage Capital (“Heritage”) is pleased to announce that its portfolio company EPTAM has acquired substantially all of the assets of Relius Medical (“Relius” or the “Company”), a Colorado Springs, CO based provider of complex metals machining solutions to the medical device market. The acquisition will broaden EPTAM’s core capabilities, enabling the company to better serve its customers with a one-stop-shop solution for precision components. The combined company is being re-branded as EPTAM Precision.
Relius is a leading provider of precision components to the medical device market with a deep expertise in medical implants and external fixation clamps. Relius’ strong reputation for quality and delivery has earned the Company multi-decade relationships with some of the world’s leading medical device companies. Relius operates out of a state of the art 70,000 sq. ft. FDA registered, ISO 13485 facility in Colorado Springs, CO.
“Introduced to us by a common customer, Relius is the perfect strategic addition to the EPTAM family, allowing EPTAM to offer customers a one-stop-shop for precision manufacturing solutions in both plastics and metals. We are excited to be partnering with Relius and their team,” said Dana Waterman, CEO of EPTAM.
Jud Samuels, Partner at Heritage, added, “The acquisition of Relius continues EPTAM’s strategy of playing an ever-increasing role in its customer’s supply chain by providing a wider range of precision component manufacturing strategies with a high level of quality and delivery.”
About New Heritage Capital
Heritage is a Boston-based private equity firm with a twenty-year history of partnering with growing, middle market, founder-owned businesses. With its innovative investment structures like the Private IPO®, Heritage provides founders with a combination of liquidity and growth capital while allowing founders to maintain control of their business. With decades of experience at managing growth, Heritage gives its partners the strategic, operational and financial guidance to help its companies reach their growth objectives. For more information, please visit: www.newheritagecapital.com.
Founded in 1981 and headquartered in Northfield, New Hampshire; EPTAM is a leading high-precision machining company targeting demanding applications. EPTAM’s proprietary manufacturing capabilities provide the highest-quality, tightest-tolerance machined parts for mission-critical applications. The company provides its custom machining solutions to leaders in the aerospace & defense, commercial, medical, and semiconductor industries. Visit www.eptam.com for more details about the company and its diverse portfolio of services.