Boston - July 24, 2014 - Housatonic Partners, a private equity firm with over $1 billion in capital under management, announced today that HemaSource Holdings, LLC has been acquired by Graham Partners, a Philadelphia-based private investment firm. Headquartered in West Jordan, Utah, HemaSource is a leading distributor of medical disposable products to plasma and other blood therapies markets. Housatonic originally invested in HemaSource in 2010. Financial terms were not disclosed.
“Housatonic was a great partner to me and the management team at HemaSource,” said Todd Tracey, CEO of HemaSource. “They played an important role in helping us expand and professionalize the business, increasing the value we deliver through investments in technology, people and processes.”
“It’s been a privilege to have partnered with Todd Tracey and the team at HemaSource since 2010,” said Jim Wilder, a Director of HemaSource and Housatonic Partners, “They’ve built an outstanding business that has become a leader and value added partner in the supply chain for the blood therapies industry.”
HemaSource is the leading distributor of medical disposable products and selected capital items used in the blood therapies markets. The company is headquartered in Salt Lake City, Utah and serves all 50 states, Puerto Rico, and Canada through its network of distribution centers located in the United States. In addition to distributing medical products, the company has co-developed certain specialized products and has developed a patent-pending software program that its customers use to reduce waste and improve efficiency. Visit HemaSource on the web at www.hemasource.com.
Housatonic Partners is a private equity investment firm founded in 1994 with $1 billion in capital under management. The firm, which has offices in Boston and San Francisco, focuses on buyouts and recapitalizations of rapidly growing, profitable service businesses with highly recurring revenue. In partnership with exceptional management, Housatonic has led investments in more than 70 small to mid-sized companies in the past 20 years. Visit Housatonic on the web at www.housatonicpartners.com.