Medical Technology Associates announces an investment by PNC Riverarch Capital
Medical Technology Associates, a Pinellas Park-based provider of equipment, testing, maintenance and certification services for medical gas systems and clean rooms, has announced an investment by PNC Riverarch Capital, a middle-market equity firm, based in Pittsburgh, Pennsylvania.
“We are excited to join forces with PNC Riverarch. We have spent years building the infrastructure to support a large, and sophisticated, organization and look forward to working together to aggressively pursue growth, both organically and through strategic partnerships,” said Valeri Marks, chief executive officer of MTA, in a statement. “Our laser focus on customer excellence remains a cornerstone to our business and all employee positions were retained.
Marks added in a statement to Tampa Bay Business and Wealth, “PNC Riverarch Capital will enable MTA to accelerate acquisitions and organic growth. We will be expanding our geographic footprint and enhancing our suite of service offerings while building upon our value proposition to our customers.”
MTA is one of the largest, single-source health care compliance companies in the United States, with regional hubs in Florida, Texas, Arizona, Kansas and Indiana. In addition to providing service on medical gas systems, MTA serves as a distributor for equipment manufacturers while also providing service, and repair, on equipment brands.
MTA is also a national provider of controlled environment solutions, including clean room and hood certification, and testing, services for pharmacies and labs.