#United States #SDR Ventures #Parks Medical #JLL Partners #Aloha, Oregon

SDR Ventures Facilitates Acquisition of Parks Medical Electronics

In an important development for the medical technology sector, Parks Medical Electronics, Inc. has been acquired by JLL Partners with the invaluable assistance of SDR Ventures, who acted as the exclusive sell-side advisor during the acquisition process. This marks a significant milestone for Parks Medical, a company renowned for its cutting-edge non-invasive vascular testing equipment.

Founded in 1961 and based in Aloha, Oregon, Parks Medical has established itself as a leader in the field of vascular diagnostics. The company is recognized for its precision-engineered Doppler systems, which enable healthcare providers to assess blood flow accurately and identify circulatory conditions effectively. Over time, Parks Medical’s products have become synonymous with reliability and user-friendliness in hospitals, clinics, and veterinary settings worldwide.

The successful transaction reflects the collective efforts and dedication of SDR Ventures. Chris Elkins, the Chief Operating Officer and President of Parks Medical, expressed gratitude to SDR Ventures, noting, "From day one, the team at SDR Ventures was fully invested in understanding who we are and what mattered most to us." This commitment was crucial in connecting Parks Medical with a buyer that shares their values and goal-driven outlook.

Building upon its legacy of innovation, Parks Medical is poised to strengthen its position in the healthcare market. Their steadfast commitment to research, product development, and exceptional customer support ensures the continued success of their Doppler systems. By combining decades of industry expertise with a focus on quality outcomes for patients, Parks Medical remains dedicated to enhancing lives through improved vascular care.

Dan Di Piazza, Managing Partner of JLL Partners, highlighted the alignment of values and vision between his firm and Parks Medical. He stated, "Their dedication to manufacturing excellence mirrors what we look for when acquiring businesses, and we're eager to support the next phase of their journey." This partnership promises to leverage JLL Partners' extensive expertise in transforming businesses into market leaders through strategic growth initiatives.

Nicole McCombie, a long-time independent distributor for Parks Medical who played a pivotal role in the sale, reaffirmed the sentiments of appreciation towards SDR Ventures. "Selling a business you've helped build is never an easy decision, but having SDR and Managing Director Matt Huebner by our side made it a smooth and confident process," she remarked. Her comments underline the trust and rapport built throughout the transaction process.

Matt Huebner of SDR Ventures emphasized the satisfaction derived from aiding Parks Medical in achieving a successful transition. According to him, "The outcome reflects their dedication to building a respected business and our shared focus on securing the right future for the Company."

As Parks Medical Electronics embarks on this new journey under JLL Partners, the future looks promising. The combination of advanced technology and extensive experience positions them well to continue leading in the vascular diagnostics market. With an established reputation for quality and innovation, Parks Medical is set to further enhance its role as a trusted partner to healthcare professionals and organizations globally.

About Parks Medical Electronics, Inc.

Parks Medical was initiated as Parks Electronics Laboratory in 1961 by Loren Parks to create innovative plethysmograph designs. Over the decades, it has evolved into an industry powerhouse known for its exceptional Doppler ultrasound systems, including the sixth-generation Flo-Lab system. The company remains committed to the ethos of American manufacturing, designing and producing all products domestically. Their focus on customer satisfaction and support adds to their trustworthy standing in the global market.

About SDR Ventures

Based in Denver, SDR Ventures specializes in investment banking services tailored for private business owners in the lower middle market. They provide mergers and acquisitions advisory, capital formation, and consulting across diverse industries. Their unique approach of 'Thinking Like Owners' empowers clients to realize their maximum potential.

About JLL Partners

JLL Partners, founded in 1988, is a middle-market private equity firm with significant experience in propelling businesses across healthcare, aerospace and defense, and business services. With a strong track record of strategic investments, they commit to fostering growth and creating value for their portfolio companies.