Dempsey Ventures

Dempsey Ventures, LLC is a private equity firm based in Grand Rapids, Michigan, established in 2006. The firm specializes in acquisitions and buyouts of private companies and non-core divisions of larger companies. It focuses on growth capital investments and recapitalizations, primarily targeting companies in the medical products and healthcare sectors, particularly in respiratory and anesthesia. Dempsey Ventures also explores niche real estate development opportunities and investments in the sports industry. While the firm primarily invests in U.S.-based companies, it considers opportunities with international sales and operations. Dempsey Ventures typically seeks investments in companies with an EBITDA ranging from $5 million to $25 million, although it is open to exploring opportunities outside this range, aiming for both controlling and minority stakes.

David Bowen

Operating Partner

Randy Hoyt

Operating Partner

Bob Milanowski

Operating Partner

John Sommerdyke

Operating Partner

Brad Steenbergen

CFO

6 past transactions

SunMed

Acquisition in 2019
SunMed is an American manufacturer and distributor of high-quality medical devices for hospitals and healthcare facilities globally. Based in West Michigan, the company is FDA registered and ISO-13485 certified, ensuring high standards in its operations. SunMed's diverse product range includes airway management, anesthesia, respiratory care, resuscitation, diagnostics, oxygen delivery, and surgical care products. The company also features products under the Ventlab and Ethox Medical brands. With over 140 employees and an overseas manufacturing hub, SunMed is committed to innovation and expanding its production capabilities to better serve the healthcare industry. The company operates in over 40 countries, addressing the needs of clinicians worldwide through its own product development and partnerships with leading medical device companies. SunMed positions itself as a comprehensive source for design, manufacturing, quality, and logistics in the medical device sector.

Salter Labs

Acquisition in 2019
Salter Labs is a manufacturer of respiratory medical products and equipment, serving the homecare, hospital, and sleep disorder markets both in the United States and internationally. Founded in 1976 and based in Arvin, California, the company specializes in developing single-use, disposable oxygen delivery products such as nasal oxygen cannulas, tubing connectors, humidifiers, and oxygen regulators. In addition to oxygen delivery systems, Salter Labs offers anesthesia breath detection products, aerosol delivery devices including medication nebulizers and MDI chambers, and sleep diagnostic tools such as transducers and thermistors. The company's focus on consumable respiratory products caters to home healthcare providers, acute care hospitals, and ambulatory surgery centers worldwide.

Mainline Medical

Acquisition in 2018
Mainline Medical, Inc. is a mail order medical supply company based in Norcross, Georgia, established in 1991. It specializes in providing a wide range of anesthesia and respiratory products, including atomizers, laryngoscopes, airway management kits, and various monitoring devices. The company also distributes surgical instruments and medical apparatus such as oxygen masks, nebulizers, suction pumps, and diagnostic tools. Mainline Medical is known for its commitment to offering high-quality products from leading manufacturers, catering to the needs of healthcare providers by supplying both common and hard-to-find medical items at competitive prices. Through its extensive inventory, the company aims to support effective patient care in various medical settings.

Argentum Medical

Venture Round in 2017
Argentum Medical, LLC is engaged in the manufacturing and distribution of specialized medical products. Its primary focus lies in producing and supplying antimicrobial wound care, burn care, and surgical products to healthcare professionals. The company's portfolio includes silver-based antimicrobial dressings, designed for use on a range of clinical applications such as surgical wounds, burns, chronic wounds, catheter-related wounds, and negative pressure wound therapy.

Katt Medical Products

Private Equity Round in 2016
Katt Medical Products is a manufacturer of textile products tailored for the healthcare industry, focusing on items such as slipper socks, surgical socks, lab apparel, reusable towels, and baby boggins. By collaborating closely with healthcare professionals, the company ensures that its offerings meet the specific needs of clients within the sector, providing enhanced comfort and functionality. Katt Medical's commitment to quality and innovation positions it as a reliable supplier of essential surgical textile products.

Ostial Solutions

Venture Round in 2011
Ostial Solutions, LLC develops medical devices for the treatment of coronary and renal aorto-ostial disease. It offers Ostial Pro Stent Positioning System, a medical-grade catheter that is used in aorto-ostial procedures to facilitate stent implantation in coronary and renal arteries. Ostial Solutions, LLC was founded in 2003 and is based in Kalamazoo, Michigan. As of January 30, 2012, Ostial Solutions, LLC operates as a subsidiary of Merit Medical Systems, Inc.
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