Pinecrest News

Pinecrest Completes Strategic Sale of Mobius to Varian

DALLAS, TX (February 15, 2018) – Pinecrest Capital Partners (“Pinecrest”), a Dallas-based investment banking firm serving middle market companies, is proud to announce that Mobius Medical Systems, LP (“Mobius”), a leader in radiation oncology quality assurance software, has been acquired by Varian Medical Systems, Inc. (NYSE: VAR) (“Varian”). Pinecrest served as the exclusive financial advisor to Mobius in this transaction.

Mobius is a market leader in radiation oncology quality assurance (“QA”) software and currently licenses its software to over 1,000 radiation treatment centers, including some of the most well-known and respected facilities worldwide. Nathan Childress, Mobius’ founder and CEO, and employees will continue to expand Mobius’ network of clinics and advanced product portfolio alongside Varian following the transaction.

Pinecrest Senior Managing Director Barrett Kingsriter, Director Mike Mas, Senior Associate Scott Renkes, and Associate Geoff Dunham served as the investment bankers on this transaction.

“The Pinecrest team was exceptional to work with throughout the entire process. They worked hard to find us the best partner and provided first-class advisory services,” said Nathan Childress. “We are extremely excited to partner with Varian and could not imagine a better fit. Varian’s commitment to quality and culture resonates well with the Mobius team and we look forward to accelerating the development and commercialization of new innovative radiotherapy products.”

“Nathan and the entire Mobius team were a pleasure to work with on this transaction,” added Barrett Kingsriter, Senior Managing Director for Pinecrest. “We’re thrilled Nathan and the Mobius team were able to accomplish their goal of partnering with an industry-leading strategic partner that has the same emphasis on offering innovative and intuitive high-quality products and increasing positive patient outcomes. We look forward to seeing Mobius’ future accomplishments now that the Company is part of Varian’s expansive platform.”

About Pinecrest Capital Partners:
Pinecrest Capital Partners is a premier investment banking firm with offices in Dallas, TX and St. Louis, MO, offering corporate advisory services to middle market companies. Pinecrest’s team of highly experienced professionals operates across a variety of industries. By focusing on high-touch advisory, one-stop solutions and thoughtful transaction processes, Pinecrest helps their clients maximize outcomes and realize the full value of their companies. For more information about Pinecrest Capital Partners visit www.pinecrestcap.com.

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The testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success.

Barrett Kingsriter’s career has focused on advising on business strategy, mergers and acquisitions, private placements for companies in a variety of industries and stages of development, capital raising and corporate formation. His extensive expertise in successfully managing complex transactions crosses a broad spectrum of industries, including energy, healthcare, industrials, technology, manufacturing, aerospace, financial services, technology and construction. As Senior Managing Director at Pinecrest Capital Partners, Kingsriter concentrates on merger and acquisition advising, capital raising transactions and advising companies on strategic and growth initiatives. Prior to forming Pinecrest, an investment banking firm based in Dallas, Texas that offers exclusive advisory services to middle market companies with enterprise values typically ranging from $25 million to $500 million, Kingsriter served with several prestigious investment banking and financial advisory institutions, including Managing Director and Head of Investment Banking at Barrier Advisors, Inc.; Vice President of Commerce Street Capital, LLC; and Managing Director and Head of Investment Banking at NexBank Capital Advisors. He served as Managing Director at NexBank Capital, Inc. He also served as an Analyst with SAMCO Capital Markets, Inc. where he focused on mergers and acquisitions, private placements and research for funds management. Kingsriter earned his bachelor of science in Political Science from Southern Methodist University and studied Political Science and International Law at Oxford and Cambridge Universities. He holds a juris doctorate from the University of Richmond. He is registered with the Financial Industry Regulatory Authority (FINRA) as a General Securities Representative (Series 7, 63) and an Investment Banking Representative (Series 79).