Primus Sterilizer's Management and Blue Sage Capital Team to Purchase Primus Sterilizer Company.Medical Equipment Manufacturer Expects to Continue Solid Growth AUSTIN, Texas -- The Primus Sterilizer sterilizer /ster·i·liz·er/ (ster´i-liz?er) an apparatus for the destruction of microorganisms. ster·il·iz·er n. An apparatus for rendering objects aseptic. Company management team and Blue Sage Capital are pleased to announce that they recently completed a management-led buyout of the leading steam sterilizer company, Primus Sterilizer Company. Based in Omaha, Nebraska “Omaha” redirects here. For other uses, see Omaha (disambiguation). Omaha is the largest city in the State of Nebraska, United States. It is the county seat of Douglas County.GR6 As of the 2000 census, the city had a population of 390,007. with two additional facilities in Great Bend, Kansas For other places with the same name, see Great Bend. Great Bend is the largest city in and the county seat of Barton County, Kansas, United States. The population was 15,345 at the 2000 census. History Early settlers to the area came in about 1870. , Primus is a recognized innovator in the steam sterilizer industry, incorporating unique design features developed through over 25 years in the sterilizer business. From its roots in service, the Primus team of over 90 dedicated employees brings a special understanding to the design and manufacture of large, complex sterilizers. Primus manufactures and sells equipment to meet the sterilization sterilization Any surgical procedure intended to end fertility permanently (see contraception). Such operations remove or interrupt the anatomical pathways through which the cells involved in fertilization travel (see reproductive system). needs of the healthcare, laboratory, bio-pharmaceutical and animal care markets throughout the world. Peter Huff huff - To compress data using a Huffman code. Various programs that use such methods have been called "HUFF" or some variant thereof. Opposite: puff. Compare crunch, compress. , Co-Founder and Managing Member of Blue Sage, said that "Primus is one of the rare healthcare companies that has grown at double-digit rates over multiple decades in good markets as well as bad. With the new investment, we expect to improve on already-strong customer relationships and product quality to further accelerate Primus' growth. We are honored and privileged to partner with such a proven and motivated team to better serve an expanding base of marquee, world-class customers." Ron Thompson Ron Thompson (born 20 November 1966) is an American politician from the state of West Virginia. A Democrat, he served as a member of the West Virginia House of Delegates from 1994 to 2007, representing the state's 27th District in Raleigh County. , Founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Primus said, "Blue Sage's investment is perfectly timed to advance the company's growth plans, both in product enhancements and developments, as well as market share. The values of quality people and product, and the integrity in how we conduct ourselves will continue to be our guiding principle." Mr. Thompson, along with other senior members of the owner management team including Richard Lane, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , and David Counley, Vice President of Sales and Marketing agree that this new structure provides the investment capital necessary to fuel the continued growth of the company. This investment will allow for additional research and development of new, quality, innovative medical products and will also help support more extensive sales and marketing opportunities in conjunction with Primus' strong worldwide dealer and independent representative network. Primus' goal will remain the same - to provide the best product quality and long-term customer support in the industry. Blue Sage is an Austin, Texas-based private equity firm that specializes in growth, recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. and buyout financings of smaller middle market companies. Blue Sage's investments are in established, profitable companies with $5-100 million of revenue and $2-8 million of cash flow at the time of investment. Blue Sage invests in a variety of industries, with each initial investment in a company ranging from $5-10 million. The partnership also reserves additional capital for follow-on investments in companies that are already in its portfolio so that these companies can continue to finance their growth via internal expansion as well as strategic acquisitions. For additional information please visit Primus Sterilizer Company's website at www.primus-sterilizer.com, Blue Sage's website at www.bluesage.com or contact Peter Huff at 512-536-1901. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion