Sperry Mitchell Advises MTA on its Sale to PNC Riverarch
New York, NY (July 25, 2022) – Medical Technology Associates, Inc. (“MTA”) of Pinellas Park, FL, has been acquired by PNC Riverarch Capital (“PNC Riverarch”) of Pittsburgh, PA. Sperry, Mitchell & Company initiated the transaction and served as exclusive financial advisor to MTA. 
Medical Technology Associates, Inc. (MTA”) (www.mtausa.com) is a leading provider of test, inspection, maintenance, and certification services to the medical gas and controlled environment industries. MTA is one of the largest single-source healthcare compliance companies in the United States. Headquartered in Pinellas Park, FL, the Company maintains national coverage, with regional hubs in Florida, Texas, Arizona, Kansas, and Indiana. In addition to providing service on all major medical gas systems, MTA serves as a distributor for leading equipment manufacturers, including Powerex and Amico. MTA is also a leading national provider of controlled environment solutions, including a comprehensive suite of clean room / hood certification and testing services for pharmacies and labs.
Valeri Marks, President and CEO of MTA, commented, “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 with PNC Riverarch to aggressively pursue growth, both organically and through strategic partnerships.”
“MTA has a well-earned reputation as a best-in-class provider, supported by its consistent investment in personnel and technology. We believe MTA is ideally positioned to capitalize on exciting industry momentum,” said Andrew Barza, principal with PNC Riverarch. Michael Miller, director with PNC Riverarch added, “We plan to work closely with Val and her team to pursue organic and acquisition-based growth to enhance our suite of offerings and build upon our value proposition to our customers.”
PNC Riverarch (www.pncriverarch.com) is a middle-market private equity firm investing in market-leading companies where it can partner with management to support accelerated growth.
Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger & acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $20 to $500 million.
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