Brown Gibbons Lang (BGL), an investment banking and financial advisory firm, has announced a new partnership between Utitec, a manufacturer specialising in miniature, deep drawn medical device and commercial components, and Cadence, a contract manufacturer of medical and drug delivery devices and specialty products.
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BGL's Healthcare investment banking team initiated the transaction and acted as the exclusive financial advisor to Utitec. The specific terms of the transaction were not disclosed.
Headquartered in Watertown, Connecticut, with an additional machining facility in Costa Rica, Utitec is a specialist in precision deep drawn and stamped components with access to a variety of specialised services and resources to meet small parts design challenges without outside vendors.
Cadence is a full-service contract manufacturing partner providing initial product design and development through complete manufacturing. Vertical integration enables Cadence to supply end-to-end product realisation solutions focused on best-in-class total value for finished devices.
