Project Description

Northfield Medical

Prairie Capital Fund V

Location Greensboro, NC
Transaction Type Growth Buyout with Founder and Management
Investment Date January 2011
Exit Date June 2017
Buyer Prezio (Frazier Healthcare Partners Portfolio Company)

The company repairs high-use medical equipment used in the operating room, predominantly flexible endoscopes, rigid endoscopes and other surgical instruments, for hospitals and surgery centers nationwide.

Industry Business Services, Healthcare

Investment Rationale

  • Attractive industry dynamics/strong growth opportunities
  • No dependence on medical reimbursement
  • Cost containment nature of business
  • Competitive advantage over OEMs
  • Extensive growth opportunities

Value Add

  • Human Capital
  • Sales & Marketing
  • Technology
  • Infrastructure
Prairie Capital was terrific partner! Classic Midwestern values combined with world-class business experience. Sean, Bryan, and the entire Prairie team could not have been more supportive – they guided us through an impactful acquisition and urged us to think differently. A great experience and a great outcome for the founding partners AND our employees.
Monty Wenk, CEO