Avista Healthcare Partners has announced the acquisition of Trillium Health Care Products from New Water Capital.
Trillium, based in Brockville, Ontario, Canada, is a manufacturer of prescription and over-the‐counter life science-based products for the North American market.
Avista, based in New York, makes control buyout investments in middle market healthcare companies. Founded in 2005, the firm focuses on the following healthcare subsectors: pharmaceuticals, medical devices, outsourced pharmaceutical services, distribution and consumer-driven healthcare. Avista Healthcare Partners was formerly Avista Capital Partners.
New Water, founded in 2014 and based in Boca Raton, Florida, is a private equity firm focused on control investments in North American middle market companies in the consumer products and industrial manufacturing and services industries.
Terms of the transaction were not disclosed.
