November 4, 2024
Prince Sterilization Services, LLC (“Prince”) is pleased to announce a partnership with Vance Street Capital (“Vance Street”), a Los Angeles-based private equity firm, to support the Company’s continued growth in the Pharmaceutical and Medical Device sterilization and packaging markets.
Both Dr. Daniel Prince, CEO, and Dr. Derek Prince, President, will retain a material ownership and continue to run the business’s day-to-day operations. Dr. Daniel Prince, CEO and Founder of Prince Sterilization, said, “We created a “win-win” strategic partnership with Vance Street Capital to ensure the continued success of our great company. The timing was perfect.”
“We are excited about the next chapter of growth and our partnership with Vance Street. Their support will enable us to expand our capabilities and offerings. We remain committed to providing the highest quality services, products, and customer service to all of our customers,” said Dr. Derek Prince.
Mr. Jozef Mastej, Prince’s Vice President of Operations and Business Development, will also continue in his role. “It’s not a new beginning and it’s not the end of an era. It’s a continuation of what we have already started,” said Mr. Mastej regarding Prince’s strategic partnership with Vance Street.
“The Prince family has built a terrific organization, and we look forward to supporting their continued growth,” said Steve Sandbo, Partner at Vance Street. “Prince’s focus on eco-friendly sterilization services and products across the pharmaceutical and medical device markets is a great fit with our past investing experience. We are excited to partner with Prince to support the ongoing buildout of additional capabilities and capacity to serve their growing customer base.” Prince represents Vance Street’s 15th investment in the life sciences and medical space.
About Prince Sterilization Services, LLC
Prince is a leading provider of outsource sterilization services, packaging, and RTU solutions to the pharmaceutical and medical device sectors. Prince is FDA registered, cGMP compliant, and ISO 13485 certified.
About Vance Street Capital, LLC
Vance Street Capital is a middle-market private equity firm focused on investing in highly engineered solutions businesses across the industrial technology, medical, life science, aerospace, and defense sectors. Vance Street works with management teams and family owners to accelerate revenue growth, improve operations, and acquire strategic assets for the companies in their investment portfolio. For more information, please visit www.vancestreetcapital.com.