Arlington Capital Partners Announces the Acquisition of Millstone Medical Outsourcing
Summary
Matt Altman, a Managing Partner at Arlington, said, “Over its 20+ year history, Millstone has established itself as the leading provider of outsourced quality-critical services for medical manufacturers. The Company is strategically positioned to benefit from several strong secular trends, including increased demand for outsourced post-manufacturing services and significant growth in robotic-assisted surgery. Arlington’s deep healthcare industry expertise, as well as its ability to provide significant strategic and capital support, will allow Millstone to thrive as we continue to optimize our services, grow our customer base, and expand into additional addressable markets.” Gordon Auduong, a Principal of Arlington, added, “We are thrilled to partner with the Millstone team. The firm’s professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. The firm invests across sectors and geographies, favoring recurring revenue, capital efficiency, and durable competitive advantage.