Beecken Petty O’Keefe & Co. has bought a majority equity stake in Midwest Products & Engineering, a Milwaukee-based design and manufacturing provider to medical device and technology companies.
Financial terms of the deal, announced today, were undisclosed. Hank Kohl, MPE’s president and CEO, will continue to lead the company — with no changes to management, branding, sales channels or supply chains.
“MPE is proud to be a premier partner to many of the nation’s largest medical device and technology OEMs,” Kohl said in a news release. “BPOC’s experience in contract manufacturing and the broader healthcare industry is well aligned with our business model and strategy and will allow us to better serve our customers while continuing our rapid growth. I am excited by this new partnership with BPOC and our realizable future together.”
BPOC partner Dave Cooney praised MPE’s Concept to Completion model.
“The company is a market leader with best-in-class product development, manufacturing operations and technical services,” Cooney said. “We are excited to partner with MPE’s management team to support the company and its long-term growth initiatives.”
The acquisition closed on Sept. 24.