Baker Tilly Capital served as the exclusive financial advisor to Otto Bock HealthCare, LP on the sale of its Continuous Passive Motion (CPM) division, located in Pickering, Ont., to QAL Medical, LLC. QAL will merge the CPM business into its existing Wisconsin operations.
Otto Bock HealthCare, LP, headquartered in Minneapolis Min., is a subsidiary of Otto Bock HealthCare. Otto Bock HealthCare was established in 1919 in Germany and is currently in its third generation as a privately held company. Otto Bock has a worldwide network of 43 sales and service locations and export contacts to 140 countries. Otto Bock offers products and services to help people increase and retain their physical independence, including prosthetic and orthotic equipment, and mobility and seating devices.
QAL Medical is a wholly-owned division of Quality Assembly and Logistics, LLC. QAL provides ongoing services to some of the world's largest multinational companies, like GE Healthcare, Siemens Medical Solutions, and United Technology Corporation (UTC). QAL specializes in complex electro-mechanical assembly. Quality Assembly and Logistics is a portfolio company of Generation Growth Capital, Inc., a Milwaukee-based private equity firm.
Through its rigorous efforts, Baker Tilly Capital found the ideal strategic buyer and business partner for our CPM manufacturing business. This allowed us to divest specific non-core manufacturing, repair, and service operations while continuing to supply these high-quality products and services to Otto Bock's customers through our strategic relationship with Quality Assembly and Logistics.Andreas Schultz, CFO North America, Otto Bock HealthCare, LP