Cadence, Inc., a leading provider of complex high-precision components and finished devices for advanced surgical and specialty industrial applications, announce the signing of a definitive agreement to be acquired by Kohlberg & Company, a leading private equity firm based in Mount Kisco, New York. Alan Connor, Cadence’s president and CEO, will continue to lead the company and its management team will remain in place. “This transaction is a significant milestone in the history of Cadence and a testament to the outstanding team we have assembled. We are proud of what we have achieved as a team and excited about partnering with Kohlberg and writing the next chapter of the company’s history together,” said Connor.
Cadence is a leading provider of end-to-end design, engineering, and manufacturing services for its customers across the entire product lifecycle. The company, with a facility in Sturgeon Bay, innovates and manufactures highly engineered metal and plastics subassemblies and finished devices for its customer base of leading medical device and specialty industrial companies.
Backed by the financial strength of Kohlberg’s private equity funds, the acquisition should accelerate the expansion of Cadence’s capabilities and its ability to serve customers in all of their core locations. Kohlberg plans to maintain current operations, allowing Cadence’s long-standing tradition of design, development, and manufacturing excellence to continue unimpeded. For more information visit kohlberg.com or cadenceinc.com.