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New Heritage Capital completed the sale of EPTAM Precision Solutions to Frazier Healthcare Partners, a provider of private equity capital. The acquisition announcement included news that Mark Kemp, former president and CEO of Tecomet, joined EPTAM as CEO.
Mr. Kemp’s 30 years of leadership experience consists of business development, M&A, operations, supply chain and R&D. He brings a depth of expertise in the medical device space, including serving in executive roles at Tecomet, the largest orthopedic contract manufacturer, during facility expansions and acquisitions. He replaces Mr. Dana Waterman, who has chosen to pursue other interests following a successful tenure at EPTAM.
Mr. Kemp said, “I am thrilled to partner with Frazier and to assume the leadership role at EPTAM, particularly when the company is so well-positioned for accelerated value creation. I am grateful for the efforts and dedication of the entire EPTAM team, and we remain devoted to being a trusted design and manufacturing partner of high precision metal and plastic components for existing and future clients.”
EPTAM Precision Solutions, founded in 1981, is a single source provider of complex CNC machining of implants and instrumentation with manufacturing facilities in Colorado, New Jersey and New Hampshire. With the 2018 acquisition of Relius Medical (now EPTAM Precision Metals) and the 2019 acquisition of Micro Molding and MedConnection (now EPTAM Precision Molding), EPTAM is now a provider of precision manufacturing solutions in both plastics and metals.
Heritage previously supported EPTAM through its add-on acquisitions and development of its sales pipeline.
“The guidance and support we received from Heritage was instrumental in our ability to transform the EPTAM platform to where it is today,” said Russell Nadeau, EPTAM COO. “Heritage was an outstanding thought partner over the last five years.”
