DW Healthcare Partners (DWHP) has sold WillowWood Global to Blue Sea Capital, according to a news release.
WillowWood, based in Mt. Sterling, Ohio, designs, manufactures and distributes prosthetic products for amputees. Founded in 1907 as the Ohio Willow Wood Company, the company’s products include the Alpha family of liners, Meta feet, central-fabrication and custom design-liner.
DWHP, with its U.S. office in Park City, Utah, is a healthcare-focused private equity firm. Founded in 2002, the firm prefers to make shareholder liquidity, management buyout and growth capital investments in mid-to-late-stage companies.
Blue Sea Capital, based in West Palm Beach, Fla., seeks investments in growth-oriented lower middle market companies valued up to $200 million. Founded in 2013, the firm invests in healthcare and a few other industries.
Terms of the transaction were not disclosed.