Based in Tempe of Arizona, MedPlas offers vertically integrated custom plastic processing solutions for medical device applications.

The company provides a range of engineering and manufacturing services for original equipment manufacturers (OEMs), which produce diagnostic, orthopedic, surgical and other medical products.

It has around 1,800 engineers, technicians and assembly workers with specialized skills in technical molding, advanced processing, medical device assembly and implantables.

MedPlas operates 11 facilities in the US, China, Mexico and the UK.

MedPlast founder and CEO Harold Faig said: “Lincoln's deep understanding of our business model and dedication throughout the process were instrumental in achieving a successful outcome with the right partners that allow MedPlast to continue its growth.

Baird Capital partner Andrew Brickman said: "Lincoln's team remained highly engaged throughout the entire sale process, providing key strategic advice and ultimately providing a successful outcome for all parties."

Lincoln International served as the exclusive investment banking representative for Baird Capital and MedPlast.

The company is engaged in providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the deal.

Lincoln offers merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions.