Cardio Partners Inc., a company of Sarnova Inc. and a provider emergency preparedness solutions, has acquired Allied 100 LLC, a nationwide distributor of automated external defibrillators and related accessories, from Ridgemont Equity Partners.
Brian LaDuke, president of emergency preparedness at Sarnova, commented that, “Over 365,000 out-of-hospital sudden cardiac arrests happen each year in the United States. Combining these companies expands our reach and offering, creating a full sudden cardiac arrest solution enabling more customers the opportunity to respond in an emergency and increase the chances that a life is saved.”
“The Allied 100 team welcomes the opportunity to join Cardio Partners, another customer-centric company, to offer expanded services to our customers,” said Mike Berg, CEO Allied 100. “This combination strengthens and brings emergency preparedness to the forefront in the communities and workplaces we live and work.”
“Allied 100’s strength in excellent customer service and online product sales complements Cardio Partners’ offering of nationwide training and large-scale field deployments of SCA solutions,” said Niraj Patel, general manager of Cardio Partners. “Expanding to two distribution hubs will also help speed delivery of much needed life-saving products to all customers.”
“We are excited to combine these two leading companies and continue to invest in emergency preparedness, CPR training and AED program management services,” said Jeff Prestel, CEO Sarnova.
“Patricia Industries is committed to supporting Cardio Partners and Sarnova in their mission to bring a comprehensive SCA solution to customers nationwide,” said Yuriy Prilutskiy, head of Patricia Industries North America, a part of Investor AB. “This transaction further supports Sarnova’s long-term growth and aligns with our organization’s purpose of creating value for people and society by building strong and sustainable businesses.”
Patricia/Sarnova was represented by Harris Williams LLC (financial advisor) and Simpson Thatcher & Bartlett LLP (legal advisor). Ridgemont/Allied 100 was advised by Robert W. Baird & Co. (financial advisor) and K&L Gates LLP (legal advisor).