Simpson Thacher is representing Patricia Industries and Cardio Partners, a company of Sarnova, in connection with Cardio Partners’ acquisition of Allied 100 from Ridgemont Equity Partners. Financial terms were not disclosed.
Allied 100 is a nationwide distributor of Automated External Defibrillators and related accessories. Based in Wisconsin, Allied 100 is comprised of major brands including AED Superstore, Heartsmart, SOS Technologies, CPR Plus and Annuvia. It offers a large array of products and services including AEDs, First Aid Kits, AHA AED/CPR Training and AED Program Management.
Cardio Partners is a national leader in providing emergency preparedness solutions for public access. It offers a proven and complete suite of products and services including employee CPR training, AED deployments and AED program management to help organizations of all sizes be heart safe. Cardio Partners is part of Sarnova, a family of companies which lead specialty distribution of healthcare products across the continuum of care.
Patricia Industries, a part of Investor AB, makes control investments in leading companies with strong market positions, brands and corporate cultures within industries positioned for secular growth. Patricia Industries’ ambition is to be the sole owner of its companies, together with strong management teams and boards. It invests with an indefinite holding period, and focuses on building durable value and capturing organic and non-organic growth opportunities.
The Simpson Thacher team includes Michael T. Holick and Alexander Porro (M&A); Jeannine McSweeney and Caitlin Fitzgerald (Employee Benefits and Executive Compensation); Sophie Staples and Eli Shalam (Tax); Alden Millard, Robert Meyer and Simone Worthy (Credit); Lori Lesser, Justin Calderon and Bobbie Burrows (Intellectual Property); Vanessa Burrows (Healthcare); Krista McManus (Real Estate); Timothy Mulvihill (Environmental); Mick Tuesley, David Caldwell, Jennifer Ho and Samantha Sergent (Regulatory); Sara Razi, Kelly Karapetyan and Andrew Jensen (Antitrust). Summer Associates Simon Teich and Warsame Elmi provided valuable assistance.