Today's Date: January 29, 2023
Trusted reusable nappy retailer commits to nationwide incentive scheme and eco education for first-time parents   •   CLEANSPARK INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers an   •   Dame Shellie Hunt Founder of the Women of Global Change Honored with Humanitarian Doctorate in London   •   Dollar General Announces 19,000th Store Opening   •   University of Phoenix Vice Provost Doris Savron Featured Guest Speaker for Greater Phoenix Chamber Mentor Program   •   PALANTIR TECHNOLOGIES INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the   •   Black CannaBusiness CEO Intensive and Multi-State Cannabis Company Parallel Launch 2023 National Education Series in Pittsburgh   •   Statement by the Prime Minister on the National Day of Remembrance of the Quebec City Mosque Attack and Action against Islamopho   •   CREDITORS COMMITTEE FILES REORGANIZATION PLAN FOR DIOCESE OF ROCKVILLE CENTRE; DIOCESE OF ROCKVILLE CENTRE FILES REORGANIZATION   •   BLACK HISTORY MONTH STAMP HONOURS CHLOE COOLEY   •   "Extra-Strength" Formulation of Jeuveau® Demonstrates Effects Lasting 26 Weeks in Interim Phase II Data Results, Representin   •   ZILLOW GROUP INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers   •   University of Phoenix College of Doctoral Studies Releases Whitepaper on Role of Demographics in Career Optimism   •   Statement by Ministers St-Onge and Vandal on the opening of the 2023 Arctic Winter Games in Wood Buffalo, Alberta   •   CORRECTING and REPLACING Vibrant Emotional Health Names Dr. Tia Dole as New Chief 988 Suicide & Crisis Lifeline Officer   •   The International Fellowship of Christians and Jews Celebrating 40th Anniversary in 2023   •   AARP The Magazine Celebrates the 21st Annual Movies for Grownups® Awards   •   Catholics for Choice on the Murder of Tyre Nichols: Black Lives Matter is a Pro-Life Issue   •   Philip Morris International Inc. (PMI) Announces Agreement to Extend and Deepen Collaboration With KT&G   •   GINKGO BIOWORKS ALERT: Bragar Eagel & Squire, P.C. is Investigating Ginkgo Bioworks Holdings, Inc. on Behalf of Long-Term St
Bookmark and Share

GCX Acquires Jaco

PETALUMA, Calif. , December 09 /Businesswire/ - GCX Mounting Solutions (“GCX”), a portfolio company of Audax Private Equity (“Audax”) and a global leader in the design and manufacturing of healthcare-focused mounting and mobility solutions, announced the acquisition of Jaco, Inc. (“Jaco”). Financial terms of the transaction were not disclosed.

Based in Franklin, MA, Jaco designs, manufactures, and sells a full line of branded point-of-care IT workstation solutions for the healthcare markets, including powered carts, non-powered carts, wall arms, and video-presentation carts. The acquisition strengthens GCX’s broad portfolio of medical instrument and mounting solutions with the addition of Jaco’s battery-powered EVO™ Series mobile carts. The deal also adds new commercial and manufacturing competencies.

“We are very excited to partner with the entire Jaco team. Like GCX, Jaco has a longstanding history of providing high-quality designs that address the needs of healthcare workers with user responsiveness and ergonomic advantages,” said Del France, CEO of GCX. “Jaco’s products are lightweight, simple to use, and offer safe, durable, and reliable performance. Jaco’s product portfolio is synergistic with GCX and supports our mission to deliver high-quality products, services and innovations that empower clinicians to improve healthcare outcomes.”

The acquisition of Jaco augments GCX’s broad portfolio of medical-instrument and mounting solutions in the healthcare market. The deal also provides access to state-of-the-art manufacturing with world-class design, metal fabrication and electronics integration services to expand the combined company’s OEM capabilities. Jaco and GCX will be able to help simplify and enhance the customer experience with a broader offering of healthcare mounting products and services from a single partner.

“GCX is the perfect partner to accelerate and amplify Jaco’s reach,” said David Wong, Managing Director of Audax. “We will continue to invest aggressively in GCX and its family of best-in-category products.”

Fredrikson & Byron, PA served as legal counsel and Cain Brothers, a division of KeyBanc Capital Markets, served as financial advisor to GCX and Audax during this transaction. Mirus Capital Advisors, Inc. served as exclusive financial advisor to Jaco.

About GCX Corporation

GCX Corp., based in Petaluma, CA, has been providing medical device and IT mounting solutions for the healthcare industry since 1971, through direct sales and working with original equipment manufacturers (OEM). Major product lines include wall mounts, roll stands, countertop mounts, pole mounts, and a variety of mounting accessories. GCX mounting solutions feature space-saving, ergonomic designs to improve both equipment and patient access. The company has offices in North America, Europe, Japan and Taiwan. It also operates warehouse and production facilities in Petaluma, California; El Paso, Texas; and New Taipei City, Taiwan. For more information, visit www.gcx.com.

About Jaco, Inc.

Jaco, Inc., located in Franklin, Massachusetts, is a leading manufacturer and integrator of computer carts and wall-arm workstations for point-of-care Electronic Health Records (EHR). Proudly manufacturing in the United States of America for over 50 years, Jaco has set the healthcare industry standard for superior infection control, ergonomic design and safety, sustainable quality and unmatched capital equipment investment value. Jaco is an ISO 9001-2008 Registered Company. For more information, visit www.jacoinc.com.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco and London. Since its founding in 1999, the firm has raised over $32 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $9 billion in more than 150 platforms and over 1,100 add-on companies, and is currently investing in add-ons out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 360 employees and over 150 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website at www.audaxprivateequity.com or follow us on LinkedIn.


STORY TAGS: Professional Services, Medical Devices, Health, Technology, Finance, Hardware, United States, North America, California, Merger/Acquisition,

Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News