Key Takeaways
- • BPOC, a Chicago-based private equity firm with $2.5 billion in assets under management across seven funds, has made a strategic investment in Master Medical Equipment and ReNew Biomedical, two complementary medical equipment businesses founded in 2011 and 2014 in Jackson, Tennessee.
- • Master Medical Equipment operates a sales, rental, and refurbishment platform for critical medical capital equipment including defibrillators, infusion pumps, ventilators, stretchers, and monitors serving emergency medical services and post-acute care customers nationally.
- • ReNew Biomedical provides repair and maintenance services for medical equipment, creating an integrated aftermarket service ecosystem alongside Master Medical Equipment's primary distribution business.
- • The companies currently operate through a national distribution network with service sites in Illinois, Kentucky, Georgia, and Florida; the partnership targets geographic expansion and product line diversification as near-term growth drivers.
- • BMO Capital Markets provided debt financing for the transaction, with Stout serving as financial advisor, Holland & Knight handling legal matters for the portfolio companies, and Paul Hastings advising BPOC.
Summary
BPOC, the Chicago-based private equity firm founded in 1996, has completed a strategic investment in two complementary medical equipment businesses: Master Medical Equipment and ReNew Biomedical. Both companies are based in Jackson, Tennessee and operate within the essential medical equipment supply chain serving emergency medical services (EMS) and post-acute care providers.
Master Medical Equipment operates as a diversified medical equipment platform that sells, rents, and refurbishes critical capital equipment relied upon by ambulance crews and clinical facilities. Its product portfolio includes defibrillators, infusion pumps, ventilators, stretchers, and monitoring systems. ReNew Biomedical, positioned as a sister business, specializes in repair and maintenance services for this same equipment, creating an integrated service offering that captures both primary distribution and aftermarket maintenance revenue streams.
Founded in 2011 and 2014 respectively, the two businesses have established national reach through a distribution network and service locations across Illinois, Kentucky, Georgia, and Florida. Mark Taylor, founder and chief executive officer, characterized the BPOC partnership as an opportunity to accelerate geographic expansion and broaden the product line beyond the companies' current footprint. Adam Hentze, a partner at BPOC, affirmed confidence in Taylor's operational execution and positioned the investment as a platform for the next growth phase.
The transaction was supported by a comprehensive advisory and financing structure. BMO provided debt financing, Stout acted as financial advisor to the portfolio companies, Holland & Knight served as legal counsel for Master Medical Equipment and ReNew Biomedical, and Paul Hastings represented BPOC. This transaction represents BPOC's continued deployment of capital from its seven funds, which collectively have raised approximately $2.5 billion since the firm's inception.
Master Medical Equipment operates as a diversified medical equipment platform that sells, rents, and refurbishes critical capital equipment relied upon by ambulance crews and clinical facilities. Its product portfolio includes defibrillators, infusion pumps, ventilators, stretchers, and monitoring systems. ReNew Biomedical, positioned as a sister business, specializes in repair and maintenance services for this same equipment, creating an integrated service offering that captures both primary distribution and aftermarket maintenance revenue streams.
Founded in 2011 and 2014 respectively, the two businesses have established national reach through a distribution network and service locations across Illinois, Kentucky, Georgia, and Florida. Mark Taylor, founder and chief executive officer, characterized the BPOC partnership as an opportunity to accelerate geographic expansion and broaden the product line beyond the companies' current footprint. Adam Hentze, a partner at BPOC, affirmed confidence in Taylor's operational execution and positioned the investment as a platform for the next growth phase.
The transaction was supported by a comprehensive advisory and financing structure. BMO provided debt financing, Stout acted as financial advisor to the portfolio companies, Holland & Knight served as legal counsel for Master Medical Equipment and ReNew Biomedical, and Paul Hastings represented BPOC. This transaction represents BPOC's continued deployment of capital from its seven funds, which collectively have raised approximately $2.5 billion since the firm's inception.
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