Bob, Inc. joins the ARCH Medical Solutions Group
July 15, 2016
ARCH Global Precision (“ARCH”), a Strength Capital Partners and Main Post Partners platform company that is focused on precision machined components and precision cutting tools has acquired Bob, Inc., located in Minneapolis, Minnesota. Bob, Inc. is a manufacturer of high precision components serving the medical and aerospace/defense industries. Bob, Inc. manufactures a mix of implants and instruments across multiple orthopedic product groups such as spine, trauma, extremities and dental, in addition to components used in multiple aerospace/defense applications such as missiles, military and commercial aircraft, satellites and unmanned aerial vehicles (i.e. drones).
“Consistent with our intentions outlined in March when we acquired Advanced Precision, we have continued to build up our medical market exposure and capabilities with today’s announcement that we are acquiring Bob Inc. Specifically, this transaction adds complex medical implants to our portfolio of products, and provides access to several Top 10 global medical OEM’s. Moving forward, we will continue to expand ARCH’s presence in the medical and aerospace segments through additional acquisitions serving these end markets.” commented Eli Crotzer, ARCH Global Precision President and Chief Executive Officer. “We are excited to partner with Bob, Inc. during their next phase of growth, and build on their existing long-term relationships and strong reputation in the marketplace” concluded Mr. Crotzer.
“We are pleased to announce the sale of Bob, Inc. to ARCH Global Precision.” commented Bob, Inc.’s former owners, Tom and Bob Gearou. “In choosing an acquirer to sell the Company to, it was important for us to find a group that had good cultural alignment and was committed to supporting the future growth of Bob, Inc. Based on the positive interactions that we experienced throughout the sale process, we found ARCH Global Precision to be the ideal buyer.”