Z Capital Partners, L.L.C., the private equity fund management arm of Z Capital Group, L.L.C. (ZCG), a privately held merchant bank, announced that affiliates of ZCG have acquired Universal Marine Medical Supply International (Unimed), the provider of pharmaceutical and medical solutions to the maritime industry, serving both commercial and cruise end markets.
What is the industry expertise of Unimed?
Unimed provides a range of mission-critical clinical supplies, like oxygen, surgery equipment, vaccines and pharmaceutical products, plus to services like oversight of procurement and replenishment, compliance audit and advisory, and clinical facilities management.
The Company currently serves about 10,000 ships per year from 10 worldwide offices and access to over 2,000 ports, making Unimed the largest and most knowledgeable operator within a highly fragmented sector of the maritime services industry. Medical standards in the maritime industry are highly regulated, and ship operators can face severe consequences for lack of compliance with international standards and Flag of Convenience requirements.
Unimed is uniquely positioned to provide clients just-in-time delivery, inventory management and decades of compliance experience with global maritime medical standards. Unimed will expand into the global areas of marine markets, including super yachts, yacht management companies and manufacturers, while continuing to expand and enhance medical supplies and services to cruise and commercial vessels, including tankers, cargo and freighters.
What does the acquisition mean for ZCG?
“Unimed has built a reputation for providing clients with exceptional value and essential, high-quality medical services, and there are a number of compelling opportunities in today’s fragmented maritime services market to grow its customer base and introduce new innovations,” said James Zenni, Founder, President and Chief Executive Officer of ZCG.
“With Alan Kessman and the Unimed team, we look forward to leveraging new technologies and ZCG’s deep operational expertise to pursue the vast white space opportunities, further enhance customer service and ensure the health, safety and compliance of even more ships.”
“As we look to expand Unimed’s premier services to additional areas of marine traffic, having a partner with the resources, expertise and track record to help our business accelerate growth is invaluable. We have a long track record of innovation – including introducing the industry’s first subscription model in 2018 – and this partnership with ZCG will enable us to build on that momentum and reach new levels of success,” said Alan Kessman, Unimed CEO.
Financial terms of the transaction were not disclosed.