Leveraged buyout company The Riverside Co. purchased an Indiana-based maker of orthodontics equipment.
A statement from Riverside didn’t reveal the purchase price for Franklin-based G&H Wire Co. G&H sells springs, wires, bonding products and other orthodontics equipment. The company operates out of a single facility that’s used for production and distribution, as well as a corporate office.
Riverside has made 48 healthcare acquisitions since its founding in 1988, but the G&H deal marks its first foray into orthodontia, according to the statement. The company has announced eight healthcare transactions in 2010.
Last month, a Riverside portfolio company purchased a developer of smartphone applications that feature emergency care instructions.