Currier Plastics Acquires Sage Product Development

Sheridan Capital Partners portfolio company Currier Plastics has completed the strategic acquisition of Sage Product Development, an engineering, design, and development provider that helps its medical device customers take their products from concept to commercialization. None of the companies revealed the deal’s financial terms.

“Sage is an impressive company that has helped its partners bring many medical devices to market,” Currier Plastics CEO Andrew McLean said. “Sage enables Currier customers to work with a single, trusted partner across their product journey—from concept all the way through commercial-scale manufacturing.”

Sage works with clients to design and develop medical devices, including disposables, reusables, implants, electro-mechanicals, flexible endoscopes, complex catheter-based systems, and a range of other minimally invasive devices. Sage engineers partner with customers on early concept and feasibility, product development, project management, and contract manufacturing. Sage has worked with more than 100 clients, playing an instrumental role in over 220 issued patents as well as numerous commercialized products.

“My fellow co-founders, Jonathan O’Keefe and Amos Cruz, and I are excited about what this transaction means for both companies,” Sage Co-Founder Jeffrey Cerier stated. “I want to thank the Sage employee base for making our team such a trusted partner to our customers. As part of Currier, we will have greater resources to bring our services to more medical device companies and can leverage the combined experience of our two organizations. At the same time, by integrating our area of expertise, Currier becomes an even greater strategic partner to its life sciences customers.”

“The addition of Sage will strengthen Currier’s position as a full-service contract development and manufacturing organization for the life sciences sector, and we are excited about what this combination will mean for Currier and Sage customers and employees,” Sheridan Capital Partners Principal Brian McGregor and Partner Michael Bernard commented.

Sheridan Capital Partners is a private equity firm that partners with healthcare businesses, including outsourced services, products and manufacturing, providers, and software and technology. Sheridan’s engaged operational approach brings strategic resources and deep industry expertise to accelerate growth, build enduring value, and generate strong results.

Founded in 1982 and based in Auburn, N.Y., Currier Plastics is a contract development and manufacturing organization serving life sciences customers with custom, precision plastic components in Class 7 and Class 8 cleanrooms, as well as value-added services such as design engineering, material selection, and cleanroom assembly.

Foxborough, Mass.-based Sage Product Development Inc. provides fast, efficient, and creative product development services to medical device companies. Its experienced medical device engineers help develop products for startups, multinational companies, and others. Sage leverages its experience to solve technical challenges and meet product development needs in a timely, efficient, and personalized manner.