Middle market private equity firm JLL Partners has acquired Parks Medical Electronics, a manufacturer of medical Doppler ultrasound systems for the hospital, clinic, and veterinary settings, and the Flo-Lab Vascular system, a diagnostic tool to evaluate blood glow in patients with peripheral arterial disease (PAD).

JLL Partners said the combination of Parks Medical and Vascular Technology is a significant step toward building a medical device company focused on vascular and robotics applications. Through this combination, the company can offer a complete portfolio of single-use and reusable systems for the Doppler ultrasound needs of clinicians from the office to the clinic to the operating room.

“We are pleased to work with Parks Medical Electronics and look forward to strengthening a platform that supports hospitals and provides clinicians with excellent care and specialty products that require rigorous specialized manufacturing,” said Vascular Technology CEO Greg Groenke.

RELATED—CDMOs: Dynamic Industry M&A Players Ready for Inorganic Growth

Parks was founded in 1961 and has become and experienced manufacturer of Doppler ultrasound and vascular diagnostics systems. Parks products are manufactured at its Oregon facility and its products have been used widely for decades.

“Vascular Technology, Incorporated is dedicated to delivering world-class specialty products that clinicians can trust,” said VTI chairman Lars Marcher. “Working with the Parks leadership team will help us continue to achieve this goal.”