Diros Technology designs and manufactures high-quality radiofrequency medical equipment for patients with chronic pain conditions. The Toronto-based business was owned by our client since 1983 and has grown to become a leader in radiofrequency technology.
Avanos Medical, a leader in medical technology for pain management and chronic care, approached Diros with a desire to make an acquisition. The two companies share a commitment to innovation and growth in the industry, and the proposed transaction was viewed as highly beneficial to both parties.
Diros understood the importance of having strong advisors to guide the company through the sales process, and approached Grant Thornton to ensure a smooth, fair, and successful transaction.
Our M&A team supported Diros with navigating the sales process, including assistance with negotiating key deal terms and facilitating their negotiations with the buyer. Under new ownership from Avanos, Diros will benefit from increased resources and greater global reach, providing additional opportunity to continue the company’s strong growth trajectory.
Client
Diros Technology Inc.
Transaction type
Divestiture
Services provided
M&A
Sector
Healthcare
Close date
July, 2023
“Avanos Medical understands our commitment to providing innovative radiofrequency products and I look forward to Diros Technology continuing to grow under their ownership. I’m grateful for the professional advice the Grant Thornton team provided each step of the way to help make this deal a reality.”
Diros Technology Inc.
Our M&A team helped the owners of Grizzly Lodge successfully sell their business, supporting with the entire process from preparing marketing documents and finding the right buyer, to negotiations and bringing the deal to a close.
Two BC-based food and beverage businesses committed to serving their local communities
Many Canadian energy providers are exploring merging their businesses to become stronger and offer customers more competitive services. Before undertaking a merger, there are major financial and societal impacts to consider.
