Logo for: Rockwood Equity

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
Situation

In January 2019, Rockwood and SYNEO’s senior leadership partnered on a management buyout.

Exit

In August 2020, Rockwood sold the business to a private equity-backed strategic.

Sector
Healthcare

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