Vance Street Capital LLC has announced the acquisition of Wytech Industries Inc., a leading manufacturer of specialty core wires and related components for the interventional medical markets.
Vance Street Capital partners with Wytech Industries
This transaction represents the first platform investment out of Vance Street Capital III L.P., and the firm’s fifth investment in the medical device space in the past four years.
Founded in 1975 and headquartered in Rahway, New Jersey, Wytech is a family-owned business that designs and manufactures some of the world’s most complex specialty core wires and precision wire components for a wide range of advanced guidewires and delivery systems.
Wytech’s customers include leading medical device OEMs and contract manufacturers focused on high-growth therapies in the neurovascular, peripheral vascular, and structural heart-end markets.
Wytech’s Microtube Fabricators (MTF) business unit is a leading manufacturer in precision tube-based medical components and assemblies for the interventional and orthopedic-end markets.
Mike Casalino, who will serve as CEO of Wytech, said: “Vance Street’s long track record of successfully partnering with family owned businesses in the medical component manufacturing space made them the ideal partner for Wytech during its next chapter of growth.”
Mike Janish, Managing Partner at Vance Street, added: “We have known about and admired Wytech for many years and are honored to be partnering with the Casalino family during the company’s exciting next phase. This transaction is a perfect example of our strategy to partner with family-owned businesses that are industry leaders in the interventional medtech component market.”