Machine Solutions, a Flagstaff, Ariz.-based maker of catheter, balloon, and stent devices, has received an equity investment of undisclosed amount from Forsyth Capital.
The deal gives Forsyth a majority stake in the company. Moving forward Machine Solutions will continue to be led by the existing senior management team (CEO Daniel Kasprzyk and Thomas Motsenbocker).
The company intends to use the proceeds to accelerate its domestic and emerging market growth initiatives. Founded with the mission of providing effective proprietary mechanical solutions to a variety of complex process, testing and device design challenges, Machine Solutions has been instrumental in automating manual processes within catheter and stent manufacturing operations and within the medical device industry.
FinSMEs
22/11/2011