Harris Williams & Co. Advises TIDI Products on Sale to RoundTable Healthcare Partners

RICHMOND, Virginia (July 6, 2015)—Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of TIDI Products, LLC (TIDI) a portfolio company of J.H. Whitney Capital Partners (J.H. Whitney) to RoundTable Healthcare Partners (RoundTable). TIDI is a designer, developer and manufacturer of innovative medical devices focused on supporting caregivers and preventing infections across the alternate site, acute care and dental end markets.  

The transaction was led by James Clark, Geoff Smith and Bill Kayser of Harris Williams & Co.’s Healthcare & Life Sciences (HCLS) Group and Brooks Hopple of the firm’s Boston office.

“TIDI’s management team continues to build a company that maintains leadership across both the caregiver support and infection-prevention markets,” said James Clark, a managing director at Harris Williams & Co. “Their focus on quality, technology and service remains unparalleled and will continue to drive TIDI’s growth.”

“The company’s compelling growth profile and market leadership across various end markets provides RoundTable with opportunities for ongoing expansion. J.H. Whitney has been a thoughtful partner to management at each step along the way and we appreciated the opportunity to help with such an important transaction for everyone involved,” said Geoff Smith, a managing director at Harris Williams & Co.

TIDI offers a diversified portfolio of medical devices and products focused on patient and provider protection, including single-use, semi-durable and capital equipment products.  TIDI’s products represent the first line of defense against health care-associated infections and have no direct reimbursement risk.  The company sells its products globally to leading health systems, major health care distributors and medical device OEM customers across the alternate site, acute care and dental end markets.

J.H. Whitney, which dates back to 1946, was one of the first U.S. private equity firms and is often credited with pioneering the development of the private equity industry. Today, the firm remains privately owned by its investing professionals and their main activity is to provide private equity capital to small and middle market companies with strong growth prospects in a number of industries including consumer, health care, specialty manufacturing and business services.  J.H. Whitney is headquartered in New Canaan, Connecticut.

RoundTable, headquartered in Lake Forest, Illinois, is an operating-oriented private equity firm focused exclusively on the health care industry. RoundTable partners with companies that can benefit from its industry relationships and operating and transaction expertise. 

Harris Williams & Co., a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Visit harriswilliams.com, tidiproducts.com and roundtablehp.com.