Parallel49 Equity Exits MedTorque
LAKE FOREST, ILL., July 14, 2022 – Parallel49 Equity announces the sale of MedTorque to ARCH Medical Solutions Corp. (“ARCH”). MedTorque is a world-class precision manufacturer of orthopedic instruments and implants with facilities in Kenosha, Wisconsin, and Elmhurst, Illinois. MedTorque is highly proficient in serving a wide range of orthopedic applications, including spinal fusion and spinal arthroplasty; upper and lower extremities; large joint reconstruction; trauma; and robotic surgery. MedTorque is also known for its product portfolio of silicone handles, ratchet drivers, and torque-limiting drivers that can be custom engineered to customers’ requirements.
“We accomplished a lot over the course of our investment in MedTorque,” said Jonathan Dries, Managing Director at Parallel49 Equity. “Two major manufacturing facility expansions and upgrades; meaningful investment in capabilities development, including expertise in robotic surgery instruments; as well as significant investment in expanding the company’s customer-focused salesforce. We are delighted to see MedTorque join forces with such a high-quality company in ARCH to support the next chapter of MedTorque’s growth.”
“I am grateful for the resources and support Parallel49 Equity provided during our time together,” said Steve Sundberg, MedTorque’s CEO. “Together we attracted the talent and put in place the systems, processes, and infrastructure, which have positioned MedTorque as an important and trusted supplier in the markets we serve. We are excited for the next phase of growth and our future as part of ARCH Medical Solutions and applaud the team at Parallel49 Equity for setting us up for success.”
Lincoln International acted as exclusive financial advisor to MedTorque and Katten Muchin Rosenman LLP provided legal representation.
About Parallel49 Equity
Based in Lake Forest, Ill., Parallel49 Equity invests in profitable, well-managed lower middle-market companies in North America. Parallel49 Equity investment efforts are focused on the industry sectors of specialty manufacturing and business services. For more information, please visit p49equity.com.
About ARCH Medical Solutions
ARCH Medical Solutions, a Jordan Company platform company based in metro Detroit, precision manufactures high-quality medical components, parts, instruments, devices, and implants for a range of life-changing medical applications. ARCH Medical Solutions has multiple FDA-registered facilities across the country serving the orthopedics, surgical robotics, cardiovascular, dental, and life sciences markets. The teams at ARCH Medical Solutions are metalworking professionals with industry- leading tight-tolerance manufacturing expertise. ARCH Medical Solutions provides innovative and practical solutions to the complex manufacturing challenges of its customers that lead to better patient outcomes. Improving peoples’ lives. We have a part in that. Learn more at arch-medical.com.