Summit Imaging

Connect with to learn more about this transaction
Summit Imaging, Inc. Logo has been acquired by RS&A, LLC, a portfolio company of Sheridan Capital Partners Logo

Overview

  • Summit Imaging (“the Company”) is a tech-enabled provider of medical imaging equipment repair, refurbishment, and exchange services to healthcare facilities, independent service organizations, and OEMs across North America, primarily focused on ultrasound and mammography
  • The Company supports a client base of over 1,800 healthcare facilities, performing 1,700+ exchanges and 2,100+ repairs annually. This third-generation family-owned business is based in Seattle and employs over 350 people throughout the Pacific Northwest

Situation

  • After bootstrapping the business to this point, Summit’s Founder and CEO sought a partner for the next stage of growth
  • Cascadia’s deep focus in the medical equipment service sector enabled Summit to find a partner that would leverage their deep industry expertise, technical capabilities, and proprietary software solutions to drive future growth

Our Specialized Approach

  • Cascadia acted as the exclusive financial advisor to Summit Imaging, supporting the Company in marketing, diligence, and negotiations to successfully complete a market setting multiple transaction to RS&A, a portfolio company of Sheridan Capital Partners
  • Cascadia ran a targeted process, reaching out to both PE-backed strategics and PE platforms to create a competitive process that ultimately led to a spike bid
Back to Case Studies
Loading