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Closed Deal Announcement – Peakstone Advises on Sale of Healthcare Services Company

March, 2017. Peakstone served as exclusive M&A advisor to The Service Center on its sale to The Linde Group. The Service Center is an innovative, market leading, regional provider of medical oxygen and respiratory equipment repair services to medical providers, primarily to the multi-billion dollar and growing home medical equipment market. The Linde Group is a world-leading gases and engineering company with approximately 65,000 employees working in more than 100 countries and estimated revenues of $20 billion.

“The purchase of The Service Center is part of Linde’s commitment to expand our services to meet our customers’ needs and to invest for growth in the Americas,” said Maria Iglesias, Head of Linde Healthcare.  “Combining The Service Center’s customer-focused culture and capabilities with Linde’s world class line of medical gases and devices create significant advantages that enhance and broaden our services. It strengthens our ability to be a complete, best-in-class, respiratory solutions provider for our customers.”

“Over its 19 year history, The Service Center has identified, built and refined a business model that brings real value to our customers,” said Jeff Addante, President of The Service Center.  “We recognize Linde’s commitment to quality growth and believe this deal represents a logical next step in The Service Center’s growth and expansion.”

Addante added, “The Peakstone team was invaluable to the transaction process. They developed and executed on a successful strategy to negotiate a great outcome for our shareholders.”

Click here for the press release

Terms of the transaction were not disclosed.
For additional information about this transaction, contact:
Steve Royko, Managing Director, 608-236-4490, sroyko@peakstone.com

 

About Peakstone

The Peakstone Group is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.