Houlihan Lokey Advises Prescott's

Houlihan Lokey is pleased to announce that Prescott’s Inc., a portfolio company of Atlantic Street Capital (ASC), has been acquired by Morgan Stanley Capital Partners (MSCP). This transaction closed on December 30, 2024.

Headquartered in Monument, Colorado, Prescott’s provides medical equipment repair and maintenance service solutions in addition to refurbished equipment and parts sales and rentals for critical surgical suite modalities, including microscopes, infusion pumps, patient monitors, anesthesia machines, and sterilizers. Prescott’s serves health systems, outpatient facilities, and other care settings across the United States and the United Kingdom.

ASC is a private equity firm that invests in lower-middle-market companies poised for the next level of growth. The firm targets entrepreneurial management partners and fundamentally sound companies that will benefit from capital investment and ASC’s value-added strategic and operational support.

MSCP, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform established in 1986 that focuses on privately negotiated equity and equity-related investments primarily in North America. MSCP seeks to create value in portfolio companies primarily in a series of subsectors in the business and consumer, healthcare, and industrial services markets with an emphasis on driving significant organic and acquisition growth through an operationally focused approach. MSCP’s acquisition of Prescott’s will be its fourth investment in the healthcare outsourced services sector.

Houlihan Lokey served as the financial advisor to Prescott’s and ASC. This transaction further strengthens and highlights Houlihan Lokey’s continued leadership in the medical technology industry. Houlihan Lokey’s Healthcare Group is among the largest dedicated healthcare investment banking groups in the world. In 2023, the group closed 34 transactions and was ranked by LSEG (formerly Refinitiv) as the No. 1 investment bank for all global healthcare M&A transactions.*

*Excludes accounting firms and brokers.

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