Mergers and Acquisitions

Safway to be acquired by New York private equity investors; Waukesha ultrasound company acquires Chicago firm

Safway to be acquired by New York private equity investors

Odyssey Investment Partners LLC, a New York-based private equity firm, has reached terms to acquire Waukesha-based ThyssenKrupp Safway Inc., a renter and erector of construction scaffolding that has 5,000 employees in the U.S. and Canada.

Terms of the acquisition were not disclosed. It is expected to close in the first quarter of 2010.

Safway is currently owned by ThyssenKrupp AG, a German industrial material and technology company.

“Safway has posted outstanding financial performance under ThyssenKrupp’s ownership,” said Douglas Rotatori, managing principal of Odyssey Investment Partners. “The company is a leader in the scaffolding sector, with strong prospects and acquiring this business presents an attractive opportunity to build on our record. We look forward to working with Safway’s management to enhance the company’s long-term value.”

Waukesha ultrasound company acquires Chicago firm

Waukesha-based MedPro Imaging, a provider of new and refurbished ultrasound solutions, has acquired MC Ultrasound LLC, an on-site ultrasound provider for high quality, reliable ultrasound staffing and services throughout the Chicago area.

"MC Ultrasound has an outstanding reputation for quality services and customer service," said Charles Jahnke, president and chief executive officer of MedPro Imaging. "We share the common goal of providing the right solutions to fulfill our customers’ ultrasound imaging needs. This acquisition is a natural addition to our growing family of products and services."

MC Ultrasound, which was founded 10 years ago by Robin Hoffman, provides affordable services to private medical groups, community centers and facilities. The services include cardiovascular (adult and pediatric), vascular, women’s health, abdominal, small parts and MSK exams.

"We are excited to become part of MedPro Imaging and the growth opportunity this affords," Hoffman said. "We are committed to offering services to a diverse array of patient populations. This acquisition will result in even greater services to our customers and their patients, further supporting our mission to provide high quality, reliable and professional on-site diagnostic medical sonography to all types of medical practices."

 

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