Chicago, Illinois-based private equity firm BPOC announced on April 7 that it completed the sale of Midwest Products & Engineering to Graham Partners.
Founded in 1978, Midwest Products & Engineering is a contract designer, developer and manufacturer of complex electromechanical and robotic-assisted surgical systems for the medical device market. The company leverages a domestic manufacturing footprint based in Milwaukee and Racine, Wisconsin complemented by global design and supply chain networks.
Based in Newtown Square, Pennsylvania, Graham Partners is a private investment firm specializing in technology-driven companies that drive innovation in advanced manufacturing. Graham Partners targets companies with EBITDA between $5 million and $50 million, and will invest in smaller companies to the extent they complement one or more of its other holdings.
Robert W. Baird & Co. acted as exclusive financial adviser to the target on the transaction and Kirkland & Ellis LLP acted as legal counsel. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction represents the 28th Life Sciences R&D acquisition of the year, as well as the 13th in the contract development and manufacturing organization (CDMO) subsector. There were 84 Life Sciences R&D deals announced in 2025, including 42 CDMO deals. In 2024, there were 92 Life Sciences R&D and 30 CDMO transactions announced.
