Deal: Facility for V C Industries

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Description
(MSC) acted as lead financial advisor to V C Industries, a leading manufacturer and distributor of sterile operating room equipment drapes, super solidifier, sterilization packaging and sterile assurance products since 1984, in establishing a new credit facility with BMO Harris Bank. The announcement was made by the CEO of MSC, and the transaction was led by RMG, Senior Managing Director at MSC. Terms of the deal were not disclosed. "We are extremely pleased with MSC as we continue to evaluate significant growth and acquisition opportunities,” said H J Chairman & CEO of V C Industries. “We look forward to evaluating strategic acquisition opportunities and the new LOC is an initial step to accommodate significant growth initiatives. We truly appreciate the team at MSC, specifically R M G, for the process and strategic advisory services.” “We evaluated several potential senior lenders for V C and we are confident BMO Harris Bank is the right partner to support their growth and acquisition plans,” said R M G. “We look forward to assisting V C Industries in pursuing strategic acquisition opportunities in the healthcare services space.” V C Reps., Inc. was founded in 1984 as a certified Minority Business specialty distributor. In 1996 V C began manufacturing Sterile OR Equipment Drapes to protect operating room equipment such as C-Arms, Surgical Microscopes, Video Cameras, Lasers and X Ray Cassettes. As the recipient of multiple national sole source contracts, V C provides product to over 2,500 hospitals and 1,500 surgery centers throughout the United States. MSC, is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses.
Amount
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Assets
Financial market product
Countries
United States