Acquisition Augments GCX’s Line of High-Quality Mounting Solutions
GCX Mounting Solutions (“GCX”), a portfolio company of Audax Private Equity (“Audax”) and a global leader in the design and manufacturing of healthcare-focused mounting and mobility solutions, announced the acquisition of Jaco, Inc. (“Jaco”). Financial terms of the transaction were not disclosed.
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“We are very excited to partner with the entire Jaco team. Like GCX, Jaco has a longstanding history of providing high-quality designs that address the needs of healthcare workers with user responsiveness and ergonomic advantages”
Based in Franklin, MA, Jaco designs, manufactures, and sells a full line of branded point-of-care IT workstation solutions for the healthcare markets, including powered carts, non-powered carts, wall arms, and video-presentation carts. The acquisition strengthens GCX’s broad portfolio of medical instrument and mounting solutions with the addition of Jaco’s battery-powered EVO™ Series mobile carts. The deal also adds new commercial and manufacturing competencies.
“We are very excited to partner with the entire Jaco team. Like GCX, Jaco has a longstanding history of providing high-quality designs that address the needs of healthcare workers with user responsiveness and ergonomic advantages,” said Del France, CEO of GCX. “Jaco’s products are lightweight, simple to use, and offer safe, durable, and reliable performance. Jaco’s product portfolio is synergistic with GCX and supports our mission to deliver high-quality products, services and innovations that empower clinicians to improve healthcare outcomes.”
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The acquisition of Jaco augments GCX’s broad portfolio of medical-instrument and mounting solutions in the healthcare market. The deal also provides access to state-of-the-art manufacturing with world-class design, metal fabrication and electronics integration services to expand the combined company’s OEM capabilities. Jaco and GCX will be able to help simplify and enhance the customer experience with a broader offering of healthcare mounting products and services from a single partner.
“GCX is the perfect partner to accelerate and amplify Jaco’s reach,” said David Wong, Managing Director of Audax. “We will continue to invest aggressively in GCX and its family of best-in-category products.”
Fredrikson & Byron, PA served as legal counsel and Cain Brothers, a division of KeyBanc Capital Markets, served as financial advisor to GCX and Audax during this transaction. Mirus Capital Advisors, Inc. served as exclusive financial advisor to Jaco.
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