Milwaukee, WI, October 1, 2019 – Midwest Products & Engineering (“MPE-INC” or the “Company”), a leading design and manufacturing partner to healthcare and technology OEMs, is pleased to announce that it has received a majority equity investment from Chicago-based Beecken Petty O’Keefe & Company (“BPOC”), a leading private equity firm focused exclusively on the healthcare industry. Financial terms of the transaction were not disclosed.
“MPE is proud to be a premier partner to many of the nation’s largest medical device and technology OEMs,” said Hank Kohl, President & CEO of MPE-INC, who will continue to lead the Company. “BPOC’s experience in contract manufacturing and the broader healthcare industry is well aligned with our business model and strategy and will allow us to better serve our customers while continuing our rapid growth. I am excited by this new partnership with BPOC and our realizable future together.”
“MPE provides significant value to its customers through its Concept to CompletionTM model,” said Dave Cooney, Partner at BPOC. “The Company is a market leader with best-in-class product development, manufacturing operations and technical services. We are excited to partner with MPE’s management team to support the Company and its long-term growth initiatives.”
Operations at MPE-INC will continue as usual, with no changes to management, branding, sales channel partnerships, or the Company’s global supply chain infrastructure. The acquisition closed on September 24, 2019.
MPE-INC is a leading design and manufacturing partner to healthcare and technology OEMs, leveraging core competencies in product design and engineering, high mix / low volume manufacturing, quality systems and 3PL services. For more than 40 years, MPE has successfully serviced an impressive list of blue-chip medical device and technology OEMs, leveraging a vertically integrated business model that offers its growing customer base Concept to CompletionTM solutions. MPE-INC is headquartered in Milwaukee. For more information, please visit www.mpe-inc.com.
Beecken Petty O’Keefe & Company is a Chicago-based private equity management firm founded in 1996 to invest in middle-market buy-out transactions, recapitalizations, and growth platforms exclusively in the healthcare industry. BPOC has structured, managed and realized investments on behalf of institutional and individual investors for over two decades. Since inception, BPOC has raised four funds with aggregate capital commitments of over $1.3 billion. The firm is headquartered in Chicago, IL. For more information on BPOC, visit http://www.bpoc.com.