Palladium Equity Partners has announced it will acquire a majority equity interest in DME Express from WayPoint Capital Partners.
DME Express, founded in 2006 and based in The Woodlands, Texas, is a provider of durable medical equipment (DME) serving hospice providers across the United States.
Palladium, founded in 1997 and based in New York, is a middle market private equity firm focused on companies in the U.S. Hispanic market, founder- and family-owned businesses, and companies with accretive M&A opportunities. The firm typically invests $50 million to $150 million of equity capital in companies with EBITDA between $10 million and $75 million, primarily in healthcare and select other sectors.
WayPoint, founded in 2004 and based in Stamford, Connecticut, is a private equity firm focused on lower middle market investments in healthcare services and industrials. The firm pursues control buyout of founder- and family-owned businesses with $5 million to $25 million in EBITDA. WayPoint will maintain a minority equity interest in DME Express following the transaction.
Terms of the transaction were not disclosed.