New York City private equity firms Clayton, Dubilier & Rice and Goldman Sachs’ GS Capital Partners agreed to buy the parent of Edgepark Medical Supplies and Independence Medical in Twinsburg, Ohio, for a reported $850 million.
The New York firms are buying HGI Holdings Inc. in Twinsburg from The Jordan Co. and members of the founding Harrington family. In 2007, Jordan Co. bought a reported majority stake in HGI Holdings, then known as Harrington Holdings Inc., for an undisclosed price.