Great Point Partners announces growth recapitalization of Ireland-based SteriPack
Great Point Partners (“GPP”), a Greenwich-based private investment firm focused on the health care industry, announced the growth recapitalization of SteriPack (“SteriPack” or the “Company”). The Company is a leading contract manufacturing and value-added services company serving the medical device and pharmaceutical industries. SteriPack has been a continuous innovator in the markets that it serves and has grown both its breadth of services as well as geographic presence. From its original base of operations in Ireland, the Company extended its geographic footprint by adding facilities in Poland (2006), Malaysia (2009) and the United States (2012). SteriPack acts as a “one-stop-shop” solution for their customers by providing a full breadth of services from engineering through production and distribution.
“Since Garry Moore founded the business in 1994, SteriPack has been a constant innovator in the medical device contract manufacturing industry and the Company has continuously evolved to meet their clients’ needs through superior customer service and an uncompromising commitment to quality,” said Adam Dolder, Managing Director at GPP.
SteriPack has over 650 employees worldwide and is constantly looking to expand its capabilities and reach, through both organic growth and add-on acquisitions. “Garry Moore (CEO), Aidan O’Brien (CFO), and the entire SteriPack team have done a phenomenal job leading the Company through two decades of growth. We look forward to helping them expand their global presence and accelerating that growth with an aggressive add-on acquisition strategy as we have done in many of our other successful investments,” added Bret Tenenhaus, Vice President at GPP.
“Great Point’s impressive track record of investing in the health care manufacturing industry and their experience with bolt-on acquisitions made them an ideal partner to help accelerate SteriPack’s growth,” said Garry Moore, founder, and CEO of SteriPack. “We have built a great relationship with Great Point since 2015 and are excited to have them as partners, as we strive to better serve our customers around the world.”
As part of Great Point’s investment, Robert Thomas of Great Point’s CEO Advisory Board will join SteriPack’s Board of Directors. Mr. Thomas is the former CEO of FoxHollow Technologies, which ultimately achieved a market capitalization of more than $1 billion prior to its sale to EV3.