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Citizens Bank Leads Financing for Graphic Controls’ Acquisition

March 11, 2015, 07:41 AM
Filed Under: Manufacturing
Related: Citizens Bank

Citizens Bank has arranged financing for Buffalo, N.Y.-based Graphic Controls to acquire Bellows Falls-based Vermed, Inc. Graphic Controls is a leading supplier of consumable products for industrial, medical and gaming markets with manufacturing operations and sales offices in the United States, Canada, Europe and the United Kingdom.

Vermed manufactures medical devices, electrodes, line care products, electrotherapy devices, urethral catheter support, topical skin adhesives and other similar products.

"The Citizens Commercial Banking team was an excellent partner on this transaction," said Graphic Controls President/CEO Sam Heleba. "Citizens brings great ideas to the table and is able to execute quickly to help us meet our financial goals."

"Graphic Controls is a great client with international reach and a superb business operation," said Jim Gaspo, President of Citizens Bank in New York. "The Citizens Commercial Banking team is pleased to be able to help Graphic Controls' management team achieve their strategic and financial goals."

Citizens Commercial Banking is ranked eighth overall U.S. middle-market bookrunner by number of deals and sixth for sponsored deals, according to the Thompson Reuters league tables.

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