Transaction is latest achievement in most successful year in Rockwood’s 15-year history
(Sept. 3, 2014) – Rockwood Equity Partners, a private investment firm based in Cleveland and New York, announced today that a partnership of senior management, Rockwood and Granite Equity Partners has acquired Altimate Medical, Inc. (www.easystand.com), a market leading manufacturer of standing solutions to support therapy for adults and children with disabilities.
Incorporated in 1987 and acquired by Invacare Corporation in 2005, Morton, Minn.-based Altimate manufactures the EasyStand brand of state-of-the-art standing frames and equipment to help improve the quality of life worldwide for individuals who use wheelchairs. The ability to stand provides multiple health benefits to those with multiple sclerosis, traumatic brain injury, spinal cord injury, cerebral palsy, spina bifida and other disabilities by allowing increased mobility.
Todd Tholkes, founding family member and CEO of Altimate, said “Altimate has a market-leading portfolio of innovative products, and we need the right partners to help us take the company to the next level. Teaming with Rockwood and Granite allows our founding management group to hit the ground running and execute the strategic plan we have developed together.”