Ridgemont Equity Partners ("Ridgemont"), a middle market buyout and growth equity investor, is pleased to announce the acquisition of Allied 100, LLC ("Allied" or the "Company"), a leading provider of products and services to the automated external defibrillator ("AED") marketplace. Financial terms of the transaction were not disclosed.
Headquartered in Woodruff, Wisconsin, Allied owns AED Superstore (http://www.aedsuperstore.com), a leading distributor of AEDs and ancillary parts and accessories, as well as a proprietary, SaaS-based medical direction software solution. The Company offers AEDs from all seven FDA-approved medical device manufacturers, a technically trained customer care team and aftermarket support services, including physician oversight, AED legal compliance and replacement parts management.
“It’s a pretty remarkable story,” said Scott Poole, Partner at Ridgemont. “Allied was founded in 2002 by Jon Dobbs and Ken Raupach, healthcare professionals who saw the need for enhanced emergency response solutions. With 350,000 people dying every year from sudden cardiac arrest, they saw an enormous opportunity to save lives, increase workplace safety and create safer communities through the distribution of AEDs. Twelve years later, Allied-sold AEDs have saved hundreds of lives.”
BlackArch Partners was the exclusive financial advisor to Allied. K&L Gates LLP served as legal advisor to Ridgemont. Financing was provided by BMO Harris Bank N.A., GE Capital Healthcare Financial Services and Fidus Investment Corporation.