MPE is a vertically-integrated contract designer, developer and manufacturer of complex electromechanical and robotic-assisted surgical systems for the medical device market. The Company offers front-end design, prototyping, precision manufacturing of custom metal components, full- and sub-assemblies, as well as post-manufacturing delivery logistics services, to its blue-chip and emerging OEM customers.

BPOC Value Add

Proactive Sourcing

BPOC leveraged its prior experience with Paragon Medical, a successful contract manufacturing partnership that BPOC exited in 2018, to develop a value-add thesis for MPE. This thesis, along with BPOC’s industry relationships, experience and value creation playbook, differentiated BPOC during the MPE sale process.

Execute Organic Growth

BPOC’s thesis centered around targeted investments to enable MPE to shift its focus from custom medical carts to advanced electromechanical systems. This shift increased the Company’s addressable market and allowed MPE to become a more valuable partner to its key customers. BPOC invested heavily to expand MPE’s capabilities in order to better serve its customers, adding prototyping capabilities, enhanced equipment, capacity and end-customer delivery logistics and inventory management post-manufacturing services. Additional investments were also made to expand MPE’s sales force and improve sales targeting, messaging and conversion.

Invest in People

BPOC closely supported Hank Kohl, MPE’s CEO, and the rest of the MPE management team on strategic planning, sales and marketing effectiveness and other key initiatives throughout the partnership. BPOC worked with MPE to hire multiple new executives, including a CFO, EVP of Business Development, VP of Sales Operations Planning & Supply Chain, Director of Operations and VP of HR, as well as other key functional executives and depth in finance, operations, IT, and human resources. BPOC also appointed Steve Meyer, BPOC Operating Partner and former CEO of Welch Allyn, as Chairman of the Board. Steve Meyer had also been the Chairman of the Board of Paragon Medical.

Implement Operating Improvements

BPOC provided resources enabling MPE to execute over $3 million of annual cost savings through direct labor productivity initiatives and other operational efficiencies across its facilities. BPOC also supported MPE in its implementation of a new ERP system, enhancing its data capabilities and functional workflows, as well as FDA- and MDR-compliant QMS system.

Complete Strategic Acquisitions

BPOC and MPE completed two strategic add-on acquisitions to expand and enhance design and engineering services as well as component manufacturing capabilities. These acquisitions supplemented MPE’s core value proposition of providing end-to-end design, manufacturing and post-manufacturing solutions to its customers.