Periculum Capital Company, LLC (“Periculum”) is pleased to announce that it acted as the exclusive financial advisor to DRT Holdings, Inc. in the sale of its wholly-owned subsidiary DRT Medical, LLC (“DRT Medical” or the “Company”) to NN, Inc. (NASDAQ: NNBR) (“NN”).
DRT Medical was incorporated in 2005 after DRT Holdings entered the medical supply market. Today, the Company is a leading supplier of precision manufactured medical instruments and orthopedic implants to many of the largest global medical device OEMs.
DRT Holdings decided to sell the medical portion of its business to focus on its container and power systems businesses. Periculum was engaged to find a buyer that would not only meet valuation expectations, but also provide the knowledge and resources to continue to grow the Company. Following a targeted marketing process, DRT Holding’s President and CEO, Gary Van Gundy, determined that the best option was to sell the Company to NN. He reflected on the positive outcome, stating, “Periculum did an excellent job of finding a strategic acquirer who was looking for the expertise our company offered in this segment of the medical industry.”
NN is a publicly-traded diversified industrial company based in Johnson City, Tennessee. It combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. NN has 36 facilities throughout North America, Western Europe, Eastern Europe, South America, and China.
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