Navigation Links
Blackford Capital Acquires Medical Equipment Maker Mopec, Inc.

GRAND RAPIDS, Mich., June 6, 2013 /PRNewswire/ -- Following up on its commitment to invest Michigan private equity in Michigan-based companies, Blackford Capital today announced the acquisition of Mopec, Inc., a full-service, full-line manufacturer of pathology and mortuary equipment based in Metro Detroit.

Blackford Capital, a national private equity firm headquartered in Grand Rapids, Mich. that acquires, manages and builds middle-market manufacturing, distribution and service companies, said the acquisition is its second in the firm's Michigan Prosperity Fund. The Fund, created in 2012, aims to generate best-in-class equity returns for investors within the state of Michigan, and also to support the local economy by protecting and creating jobs locally.  

Mopec was founded in 1992 and currently employs 68 people at its 60,000-square-foot facility in Oak Park. It serves customers with a wide range of products for the pathology and mortuary market including the Mayo Clinic, Duke University Medical Center and the Cleveland Clinic.

"Mopec is the market leader in its field as a result of its advanced engineering and metal working capabilities, its focus on finding solutions to customer needs, and its passionate team of employees," said Jeff Helminski , managing director of Blackford Capital. "We are honored to be partnering with Terry O'Rourke and the Mopec team in continuing the legacy that Rick Bell and George Hallman built, and we are committed to growing Mopec and creating jobs in Michigan."

Blackford Capital said it will be implementing a board of directors and employing operating partners to support the management team and the growth of the business. Terry O'Rourke , former president of medical device manufacturer Aspen Surgical, will become the new CEO of Mopec. While at Aspen Surgical, O'Rourke helped grow the business from $25 million to $120 million in revenue over a six-year period, creating 500 new jobs.

"I look forward to working with Mopec's board, partners and staff to leverage the company's well-respect reputation, and to increase revenues and add jobs," said O'Rourke. "We expect great things from the future of our company and are proud to be a part of Blackford's vision for Michigan's future."

Comerica Bank and Northcreek Mezzanine provided financing for the transaction.

"We are excited to be partnering with Blackford Capital and new CEO Terry O'Rouke ," said Barry Peterson , managing partner of Northcreek Mezzanine. "We are confident the new leadership team will build upon the success of the founders, fostering continued growth and taking  the business to even higher levels."

Mopec's Board of Directors will consist of: Jeff Helminski , Blackford Capital managing director; Terry O'Rourke , CEO of Mopec; Tom Carroll , owner of Label Tape; Joel Carter , Blackford Capital operating partner and former owner of Orlando Recycling; Darren Frankel , principal at Stuart Frankel Development Company; Kathy Nagy , former CEO of Strategy Network; and Thomas Lozser, director of publicly traded Looser Holding AG and who currently sits on the board of Custom Profile, Inc., one of Blackford's portfolio companies. All of these individuals have strong ties to Michigan and represent Michigan's depth of talent and experience.

About Blackford Capital
Blackford Capital is a private equity firm based in Grand Rapids, Mich., that acquires, manages and builds middle-market manufacturing, distribution and service companies, with seven portfolio companies employing more than 950 people and with combined revenues of approximately $225 million. Blackford has offices in Grand Rapids (headquarters) and Santa Monica, CA.

Blackford Capital reviewed roughly 3,400 transactions last year with the goal of closing four to six deals per year. Blackford has closed 26 transactions in the past six years. Mopec is Blackford's seventh portfolio company and its second in Michigan. The firm's investment criteria includes mature, profitable businesses with revenues between $20 million and $100 million and with management teams that are either willing to remain with the company or are seeking to retire.  For more information, visit

About Mopec, Inc.
Mopec, Inc. is a leading manufacturer of supplies for the pathology, histology, necropsy, autopsy, morgue and mortuary industries. Mopec, based in Oak Park, Mich., has the engineering and manufacturing capabilities to offer customized solutions to its standard capital equipment products to meet the customer's application requirements. For over 20 years, Mopec has been committed to designing and manufacturing innovative research equipment and instruments that meet the needs of the technician while providing a safe, comfortable, ergonomic and efficient work environment. For more information, visit

SOURCE Blackford Capital
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. PLC Systems Secures Additional Financing For US Clinical Trials And General Working Capital
2. Genstar Capital Completes ERT Acquisition In A Take-Private Transaction
3. Savient Pharmaceuticals Receives Favorable Decision In Tang Capital Litigation
4. Intrepid Investment Bankers LLC Advises A-Med Health Care in the Sale of its Specialty Pharmacy Assets to Modern HC Pharmacy, Inc., a portfolio company of Altamont Capital Partners
5. Neuralstem Announces Exercise Of Entire Over-Allotment Option By Aegis Capital Corp.
6. Physicians Capital Investments, Physicians Capital Markets, and EDGE Realty Capital Markets announce a new strategic initiative
7. Savient Pharmaceuticals to Present at the 6th Annual Imperial Capital Global Opportunities Conference
8. Innophos To Present At 2012 KeyBanc Capital Markets Basic Materials & Packaging Conference
9. GP Strategies to Present at the BMO Capital Markets 12th Annual Back to School Education Conference
10. Raging Capital Calls On Taro Pharmaceutical Shareholders To Vote Against The Taro / Sun Pharma Merger
11. Masimo to Present at Lazard Capital Markets 9th Annual Healthcare Conference
Post Your Comments:
(Date:6/24/2016)... Mass. , June 24, 2016   Pulmatrix, ... pharmaceutical company developing innovative inhaled drugs, announced today that ... Russell Investments reconstituted its comprehensive set of ... "This is an important milestone for Pulmatrix," ... will increase shareholder awareness of our progress in developing ...
(Date:6/23/2016)... June 23, 2016  MedSource announced today that ... e-clinical software solution of choice.  This latest decision ... value to their clients by offering a state-of-the-art ... relationship establishes nowEDC as the EDC platform of ... full-service clients.  "nowEDC has long been a preferred ...
(Date:6/23/2016)... , June 23, 2016 ... "Pharmaceutical Excipients Market by Type (Organic Chemical (Sugar, ... Formulation (Oral, Topical, Coating, Parenteral) - Global Forecast to ... The global pharmaceutical excipients market ... at a CAGR of 6.1% in the forecast period ...
Breaking Medicine Technology:
(Date:6/27/2016)... ... 2016 , ... recently awarded their highest five-star rating to Best Buy ... in the United States and Canada wear eyeglasses. Once considered to be a purely ... make a fashion statement. Even celebrities use glasses as a way of creating an ...
(Date:6/26/2016)... ... ... blind and certified personal trainer is helping to develop a weight loss fitness plan that ... the two major problems leading the fitness industry today:, , All ... They don’t eliminate all the reasons people quit their exercise program , ...
(Date:6/25/2016)... Viejo, California (PRWEB) , ... June 25, 2016 , ... ... to fit their specific project," said Christina Austin - CEO of Pixel Film Studios. ... fully customizable and all within Final Cut Pro X . Simply select a ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits of moderation, ... the latter, setting the bar too high can result in disappointment, perhaps even self-loathing. ... toward their goal. , Research from reveals that behind the ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... and Scientific Sessions in Dallas that it will receive two significant new grants ... grants came as PHA marked its 25th anniversary by recognizing patients, medical professionals ...
Breaking Medicine News(10 mins):