Arlington Capital Partners (“Arlington”), a Washington, DC-based private equity firm, announced today it has acquired Millstone Medical Outsourcing (“Millstone” or the “Company”). Selling shareholders included Schooner Capital, a Boston-based investment firm. Headquartered in Fall River, MA, Millstone is a comprehensive solutions provider of quality-critical services to the medical device and pharmaceutical industries, managing post-manufacturing services and supply chain and logistics services. Millstone’s post-manufacturing services include sterile packaging, advanced inspection, validation engineering, and clean room services. The Company’s supply chain and logistics services include specialized distribution, cold chain logistics, and inventory and returns management.
Karl Neuberger, CEO of Millstone, stated, “Arlington is a perfect partner for Millstone as we begin our next phase of growth and expansion. 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. They have impressed us with their unwavering commitment to the highest quality standards supporting highly demanding customers. We are looking forward to providing the necessary strategic support and investments to accelerate the Company’s expansion.”
Read more/Source: Business Wire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.