Millstone Medical Outsourcing, An Arlington Capital Partners Portfolio Company, Acquires Ethide Laboratories

Dec 06, 2022•over 2 years ago

Acquiring Company

Millstone Medical Outsourcing

Acquired Company

Ethide Labs

Science And EngineeringManufacturingHealth Care

Description

Millstone Medical Outsourcing (“Millstone”), the industry’s leading partner of choice for medical manufacturers’ post-manufacturing and aftermarket services, announces its completed acquisition of Ethide Laboratories (“Ethide Labs” or “Ethide”), on November 14, 2022.

Company Information

Company

Millstone Medical Outsourcing

About

Headquartered in Fall River, MA, Millstone is a comprehensive solutions provider of quality-critical services for the medical industry, managing post-manufacturing services and supply chain and logistics services. The Company has 100+ programs with blue-chip medical device and pharmaceutical companies, innovators in robotic-assisted surgery, mid-size medical device OEMs, and emerging growth manufacturers. Millstone currently employs ~560 employees across two facilities in Fall River, MA and Olive Branch, MS. For more information: www.millstonemedical.com

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed