Water Street to sell majority of Sarnova to Patricia Industries
Patricia Industries, which is part of Investor AB, has agreed to acquire the majority of Sarnova from Water Street Healthcare Partners. No financial terms were disclosed. Water Street and Sarnova founder Matthew D. Walter will retain their minority stakes in the company. Cain Brothers & Company, a division of KeyBanc Capital Markets, was the sole financial adviser to Patricia Industries on the transaction. Dublin, Ohio-based Sarnova is a national distributor of healthcare products.
12 March 2018•3 mins read
