Washington, D.C.-based private equity firm Arlington Capital Partners has acquired Millstone Medical Outsourcing, a Fall River, Mass.-based comprehensive solutions provider of quality-critical services to the medical device and pharmaceutical industries, managing post-manufacturing services and supply chain and logistics services.
 
Millstone’s post-manufacturing services include sterile packaging, advanced inspection, validation engineering, and cleanroom services. The company also offers specialized distribution, cold chain logistics, and inventory and returns management.
 
“Over its 20+ year history, Millstone has established itself as the leading provider of outsourced quality-critical services for medical manufacturers,” Matt Altman, a Managing Partner at Arlington told the press. “The company is strategically positioned to benefit from several strong secular trends, including increased demand for outsourced post-manufacturing services and significant growth in robotic-assisted surgery. We are excited to partner with Millstone’s management team and continue to leverage the company’s unique platform and capabilities to further accelerate growth both organically and through strategic acquisitions.”
 
Karl Neuberger, CEO of Millstone, stated, “Arlington is a perfect partner for Millstone as we begin our next phase of growth and expansion. Arlington’s deep healthcare industry expertise, as well as its ability to provide significant strategic and capital support, will allow Millstone to thrive as we continue to optimize our services, grow our customer base, and expand into additional addressable markets.”
 
Gordon Auduong, a Principal of Arlington, added, “We are thrilled to partner with the Millstone team. They have impressed us with their unwavering commitment to the highest quality standards supporting highly demanding customers. We are looking forward to providing the necessary strategic support and investments to accelerate the Company’s expansion.”