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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