EO Advises GasMedix on its Sale to Medical Technology Associates
EO Advisors, LLC (“EO”) is pleased to announce that it served as exclusive financial advisor to GasMedix, LLC (“GasMedix”) in its recently completed sale to Medical Technology Associates, Inc. (“MTA”). The acquisition will deepen MTA’s Midwest presence and extend the team’s ability to deliver standardized medical gas testing to the largest healthcare systems in the region.
“I want to thank the EO team for their professional representation in the sale of my company. EO is a world-class operation,” said Jim Quirk, Founder and CEO of GasMedix. “The buyer of my company complimented me several times for the choice I made in choosing EO. They were impressed with the materials provided, the ease of diligence, and EO’s complete management of the process. I am 100% certain I got the best deal possible.”
“EO was thrilled to help Jim navigate both his decision to sell as well as the challenging deal environment. Together we were able to find an excellent long-term home for the GasMedix brand, platform, and team while allowing Jim a rapid transition to retirement,” said Alex Shortle, Partner at EO.
Headquartered in Evansville Indiana, with a satellite office in Indianapolis, GasMedix is a leading provider of medical gas testing services and other medical compliance services to healthcare providers across Indiana, Illinois, Kentucky, Tennessee, West Virginia, Ohio, and Missouri. Their team of licensed Bio-Medical Technicians certify and verify the installation of medical gas pipeline systems, testing and maintenance of existing medical gas pipeline systems, and sales of medical gas pipeline and source equipment.
“We are thrilled and honored to have GasMedix join the MTA team. GasMedix is a great strategic fit, both culturally and geographically,” said Val Marks, CEO of MTA. “The management team and employees have grown an exceptional business and fostered a culture of patient life safety and outstanding customer service,” Marks said. “We look forward to building an even brighter future together!”
Alongside EO in advising GasMedix was the mergers and acquisitions team at Kahn, Dees, Donovan & Kahn, LLP, led by Co-Managing Partner Jeffrey Helfrich and Partner Ashley Hollen.
About EO Advisors
EO Advisors is a boutique investment banking firm specializing in mergers and acquisitions, capital raising, and strategic advisory assignments for middle-market and emerging growth companies.
EO Advisors was established in 2021 to deliver the sophistication and perspective of a full-service investment bank to traditionally underserved clients. Our connected and experienced advisors uncover unique business stories, inform strategic direction, and maximize shareholder value by positioning our clients in a creative and defensible manner, making EO Advisors the trusted partner for discerning owners and entrepreneurs. For more information, please visit: www.eoadv.com.