Arcline Investment Management, a growth-oriented private equity firm, has acquired a controlling stake in Resolution Medical LLC from founders Steve Schmidt and Shawn Patterson.
Resolution Medical is an end-to-end contract development and manufacturing organization focused on medical technology segments, including structural heart, neuromodulation, heart failure, electrophysiology, oncology, and ENT. The company’s capabilities include device design, prototyping, regulatory support, system development, and commercial-scale manufacturing.
Arcline commented, “We are excited to partner with Steve, Shawn, Luke, and the broader Resolution Medical team to continue building a leading CDMO platform serving the most complex and highest-growth therapeutic and diagnostic technologies. Steve and Shawn have built a world-class organization and a customer-centric culture that is consistent with the qualities that Arcline looks for in our investments.”
Schmidt added, “Arcline’s growth mindset and collaborative approach to working with their portfolio companies makes them the ideal financial partner for Resolution Medical’s next phase of growth. We look forward to working with Arcline and Luke to continue growing this great business.”
Culper Capital Partners, led by Adam Cook, will be a minority investor in the Company.