Client: The founders and owners of ExtruMed, Inc.
Transaction: Sale of ExtruMed to Inverness Capital and Wedbush Capital.
Company Description: ExtruMed produces high-quality, precision extruded tubing primarily used in implanted medical devices and minimally invasive surgery.
Transaction Summary: A managing director of Plaisance Advisors led a thorough marketing of ExtruMed to both strategic and financial acquirers. During the sale process ExtruMed's financial performance dramatically accelerated above its recent results. Because of Plaisance's informed and thorough marketing of the company, the sellers of ExtruMed were able to capitalize on the company's strong performance. The final valuation of the company far exceeded the sellers' initial expectations.