Mirus Advises Liberating Technologies in Sale to College Park Industries
Mirus Capital Advisors announced that Liberating Technologies Inc., (LTI) a leading provider of powered upper limb prosthetics, located in Holliston, Massachusetts, has been acquired by College Park Industries Inc., of Warren Michigan. Mirus served as the exclusive financial advisor to LTI.
“After building the company for 15 years, I wanted to ensure a successful transaction as I planned for retirement,” said Bill Hanson, founder and President of LTI. “It was also important to me that the company be purchased by a concern that will be as focused on our patients, customers and employees as we have always been. I believe we have met that goal. The Mirus team successfully guided us through every aspect of the transaction, from identifying prospective buyers through to closing. They conducted a thorough process and I am very satisfied with the outcomes we achieved.”
About Liberating Technologies, Inc.
Liberating Technologies is a leading supplier of upper-limb prosthetic devices for adults and children, ranging from simple passive hands and body-powered devices to the sophisticated myoelectrically-controlled prosthetic systems. The company designs and manufactures prosthetic devices such as the Boston Digital™ Arm System, LTI Locking Shoulder Joint and the VariGrip™ prosthetic controller.
About College Park Industries Inc.
College Park Industries designs and manufactures a full line of anatomically correct, custom built lower limb prosthetic solutions. College Park is ISO 13485 certified with an extensive focus on quality testing, and proudly sources and produces all products entirely in the USA. With precise engineering and quality manufacturing, College Park is committed to innovating human locomotion solutions for users all over the world.Back to Transactions