SYNEO is a provider of manufacturing equipment and services for catheter/guidewire and electronics manufacturers, as well as a manufacturer of surgical cutting and punch tools.
A partnership with Rockwood is a perfect strategic fit for SYNEO…We are particularly excited about partnering with Rockwood’s River Guide network to open new doors and accelerate our growth in the coming years.
Tyler Wackman, SYNEO CEO
Rockwood’s Role
- Supported revamped marketing, sales and operational initiatives
- Increased mix of recurring revenue through sales initiatives and addition of new management team members
- Diversified business by investing in contract manufacturing services, personnel and equipment capabilities
- Introduced management to the Entrepreneurial Operating System as an organizational and strategy planning tool to prioritize, communicate and clearly establish strategy and roles / responsibilities
- Supported and mentored young management team through Rockwood River Guide® Tom Prentice and Partner Vince Nardy
- Location
- West Palm Beach, Florida
- Other Locations
- Florida
- Texas
- Investment
- 2019
- Seller/Deal Dynamic
- In January 2019, Rockwood and SYNEO’s senior leadership partnered on a management buyout. In August 2020, Rockwood sold the business to a private equity-backed strategic.
- Sector
- Healthcare
- Industrials