Two mobile clinical workstation manufacturers have joined forces to form one company, ostensibly based in Nashville and employing around 400 folks.
Stinger Medical, a Murfreesboro-based manufacturer of mobile clinical workstations has merged with Canton, Mich.-based Enovate, a similar but slightly larger company. The combined venture has been rechristened Enovate Medical and considers itself the largest provider of mobile workstations in the country. The company will maintain its plant locations in Michigan and Tennessee while the sales forces of both will remain in place.
Stinger Medical CEO Nick Mendez will lead the combined organization. Stinger CFO Wendy Hyde and Enovate COO Fred Caleroalso also have taken up leadership posts at the combined company.
“This merger creates a tremendous growth opportunity and combines two quality organizations, each with a commitment to excellence and superior client service,” Mendez said Tuesday in a statement announcing the deal.
Stinger officials wouldn’t comment on the size of the deal but confirmed the transaction added Enovate to the investment portfolio of Riverside Partners, Stinger’s financial backer based in New York. In January, Stinger received an undisclosed investment from Riverside, a deal that required the investment participation of Stinger’s leadership team.