Located in Knoxville, TN, ChoiceSpine is a spinal device company which offers a breadth of innovative and surgeon-focused systems designed to be safe, efficient, and easy-to-use.
Founded in 2003, with offices in Wilton, CT and Lincolnshire, IL, Altus Capital Partners is a private equity firm that makes control investments in middle market manufacturing businesses.
“The Abacus team knows the industry very well as they have made multiple medical device investments,” said Gregory L. Greenberg, Altus Capital founder and senior partner. “The important factors for us, in addition to industry knowledge, were their speed and ability to guarantee certainty of closure early in the process.”
“We’re very excited – in our second transaction with Altus Capital – to support its investment in ChoiceSpine,” said Tim Clifford, president and CEO of Abacus. “As Gregory noted, Altus valued our flexibility and the quick close – key elements of what we call our Total Partnership Approach™,” added Abacus Senior Vice President Eric Petersen.
Abacus team members involved in the transaction included Eric Petersen and Rafal Rydzewski. Goulston & Storrs provided legal counsel to Abacus on the transaction.