Navigation Links
Riverside Partners Announces Acquisition of CTW, Inc. and Partnership with Tegra Medical
Date:1/19/2010

Orthopaedic-focused contract manufacturing company CTW, Inc. of Mississippi and Massachusetts-based medical device manufacturer Tegra Medical to join forces and expand orthopaedic market penetration

Boston, MA (PRWEB) January 19, 2010 -- Riverside Partners, a private equity firm based in Boston, MA, is pleased to announce its majority investment in CTW, Inc., an orthopaedic-focused contract manufacturing company based in Hernando, Mississippi on behalf of one of its portfolio companies, Tegra Medical, headquartered in Franklin, MA. Riverside financed and completed the transaction in conjunction with the existing CTW and Tegra management teams. CTW will leverage Tegra's organizational infrastructure by supporting CTW with resources to expand its orthopaedic market penetration.

CTW is an outsourced manufacturer for medical device OEMs with a particular focus on orthopaedics. CTW partners with its customers to manufacture highly engineered medical devices and components in orthopaedic specialties, particularly spine, trauma, knees, hips, and dental applications. The growing importance of cost-effective healthcare makes it essential to manufacture medical devices with greater precision to reduce procedural time and length of stay in the hospital. CTW utilizes its proven expertise to help OEM clients improve design for manufacturability and assembly and reduce time to market.

"Riverside is very excited to invest additional capital and continue to back the existing management team at CTW as they continue to grow. We believe CTW is a world-class supplier to medical device OEMs, and its affiliation with Riverside and Tegra Medical will continue to help it meet the needs of current and future customers. CTW's strong position in the spine and trauma specialties, its long-term customer relationships, and its world-class manufacturing facility make it a perfect fit," said Philip Borden, a General Partner at Riverside.

"We are excited about working with Riverside Partners because of their experience in growing leading healthcare businesses," said Dale Cole, Jr., President of CTW. "Riverside can provide additional capital and resources to help the company continue its strong growth. We're also excited about our partnership with Tegra Medical, who can provide ongoing resources, including sales and marketing resources, to support future growth."

"Riverside's healthcare investment and operating experience has been extremely helpful since the founding of Tegra Medical. Our partnership with Riverside allows us to invest in the necessary infrastructure so that Tegra can continue to provide innovative products with industry leading quality and service," said Gerald Mazzenga, CEO of Tegra Medical. "We are very excited about our partnership with CTW and are pleased to be working with Dale and his team."

About CTW

Founded in 1996, CTW is a leading outsourced manufacturer of implants and instruments for the orthopaedic market offering Swiss-style turning, multi-access CNC milling, EDM, gun drilling, laser processing and other secondary operations. The company is located in Hernando, Mississippi.

About Riverside Partners

Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund IV, L.P. The fund focuses on growth oriented companies primarily in the healthcare and technology industries. Riverside is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. The partners at Riverside have managed more than $500 million in investments in over 50 companies.

About Tegra Medical

Founded in 2007, Tegra Medical was created from the combination of New England Precision Grinding, Accu-Met Laser and American Medical Instruments. Tegra provides wire and tubular components and assemblies, along with specialty needles for sports medicine, cardiovascular, drug delivery and other minimally invasive market segments.

Contact Information

Riverside Partners, LLC
One Exeter Plaza            
699 Boylston St., 8th Floor            
Boston, MA 02116            
T: 617.351.2810         
http://www.riversidepartners.com

CTW
3414 Hwy 51 South
Hernando, MS 38632
T: 662.429.5191
http://www.ctw-inc.com

Tegra Medical
9 Forge Park
Franklin, MA 02038
T: 508.541.4200
http://www.tegramedical.com

###

Read the full story at http://www.prweb.com/releases/2010/01/prweb3454154.htm.


'/>"/>
Source: PRWeb
Copyright©2010 Vocus, Inc.
All rights reserved

Related medicine news :

1. Book by UC Riverside biologist explains Darwins Origin of Species
2. Evolutionary struggle with cancer is focus of public lecture at UC Riverside
3. Riverside County Community Agencies Participate in Senior Sensitivity Training Provided by SCAN Health Plan
4. Riverside Partners Completes Growth Equity Investment in Vocollect, the Leader in Voice Solutions for Supply-Chain and Healthcare Workforce Management
5. Arizona-Based Sprouts Farmers Market Sprouts in Brea and Riverside
6. How new species evolve is focus of public lecture at UC Riverside
7. Riverside Partners Teams with Management to Acquire IZI Medical Products
8. Riverside County Registered Nurses File a Lawsuit to Stop Countys Violation of Federal Law
9. Riverside Health System Announces $1 Million Incentive Program For Small Businesses to Offer Insurance Coverage for Employees
10. Global Med Technologies(R) Signs Agreement With Californias Century Old Riverside County Regional Medical Center
11. Riverside Partners Teams with Management to Acquire Innovative Product Achievements
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/16/2017)... , ... January 16, 2017 , ... ... attorney, science teacher, http://www.ageofautism.com/legal , Sharon Kleyne, America’s leading water educator, ... to her nationally syndicated radio program, The Sharon Kleyne Hour Power of Water, ...
(Date:1/16/2017)... PARK CITY, UT (PRWEB) , ... January 16, 2017 , ... ... expensive disease not only to treat, but to test for, as well. The money ... $88.7 billion every year.(1) Doctors in the U.S. screen patients for cancer more than ...
(Date:1/16/2017)... ... January 16, 2017 , ... NexTec Group has been selected as a ... honored for their accomplishments in the field of midmarket financial software. , Members of ... and innovation. Selection is not based on revenue and those firms chosen represent a ...
(Date:1/15/2017)... ... January 15, 2017 , ... Whole Health Supply, LLC is announcing the release of an updated ... avenues for purchase. , The 2017 edition has wide jaws that will accommodate nails ... boomers as well as diabetics. This handle is reinforced for extra strength when pressing down ...
(Date:1/15/2017)... ... January 15, 2017 , ... San ... in eight Bay Area counties for 2017. Almost 1,000 nominations were submitted and ... the award process. Results were announced the magazine’s January 2017 issue . ...
Breaking Medicine News(10 mins):
(Date:1/15/2017)... , January 16, 2017 Le ... innovants à base de collagène pour la régénération de tissus ... au poste de directeur général avec effet immédiat. ... Bill est un ... a occupé plusieurs postes de gestion générale et de direction ...
(Date:1/13/2017)... , Jan. 13, 2017 /PRNewswire/ - InMed Pharmaceuticals, Inc. ("InMed") (CSE: ... VP of Corporate Finance and Investment Banking at Eli Lilly ... effective immediately. Mr. Bott brings over 28 years of senior ... ... Martin Bott has established a significant leadership position in ...
(Date:1/13/2017)... York , January 13, 2017 ... prevalence of AIDS will collectively contribute to the demand for ... to reach a value of US$ 551.0 Mn by 2016 ... will remain the most lucrative markets for western blotting, whereas ... the market globally. ...
Breaking Medicine Technology: