On December 24, 2020, Broadtree acquired Vital Care Industries, a family-run, 36-year-old company that manufactures and distributes medical surgical supplies. Founded in 1984 and headquartered outside of Chicago, IL, Vital Care Industries, Inc. has a strong history of manufacturing and distribution of medical surgical supplies to over 2,200 hospitals and 1,500 surgery centers. The Company manufactures and distributes equipment drapes and covers, solidifier for medical waste, sterilization packaging, and dust and cart covers under the Vital Care Industries and Medical Technique brands. Mia Jackson, Operating Partner at Broadtree, will take over as CEO.
On December 11, 2020, Broadtree acquired Precision Devices Inc, a 40-year-old remanufacturer and aftermarket supplier of components and parts for the material handling industry. Founded in 1981, Precision has a history of dedication to its customers, providing high-quality rebuilt components and parts for the material handling industry. The Company remanufactures electric motors, gearboxes, drive units and other components for electric industrial trucks. Additionally, Precision supplies frequently needed parts for forklifts and warehouse operations through a mobile distributor model. Based in Wallingford, Connecticut with additional branches in key Northeast locations, the Company serves over 400 customers’ parts needs nationwide. Dan Brunstetter, Operating Partner at Broadtree, will take over as CEO.
In April, 2019, Broadtree Partners announced an investment in a management services organization (MSO). This strategic investment is intended to help the MSO grow its organization through targeted growth acquisitions, the continued move to value-based care, and streamlining of revenue cycle management. The investment will also help Broadtree Partners' portfolio company scale its operations both organically and inorganically.
In July, 2018, Broadtree Partners announced an investment in ListEngage. This strategic investment is intended to help the company, an award-winning Salesforce consulting partner, grow its organization to enable it to provide not only more services to its existing customers, but also to service more Salesforce customers on their path of digital transformation. The investment is intended to help the company scale its operations and provide management support to realize the growth potential of the industry.