09/18/2019
Citizens Capital Markets, Inc. Advises Trigon Holding, Inc. on its divestiture of StelKast to Globus Medical, Inc.
PROVIDENCE, RI – Citizens Capital Markets, Inc., announced today that it served as the exclusive financial advisor to Trigon Holding, Inc. in the sale of substantially all of the assets of StelKast, Inc. to Globus Medical, Inc. The transaction was led by Ralph M. Della Ratta, Co-Head of M&A Advisory and Managing Director Matt Mueller.
Founded in 1992 and headquartered in McMurray, PA, StelKast designs, manufactures and distributes a full line of orthopedic implants for knee and hip replacement systems and surgical instrumentation systems.
“We are proud to have advised Trigon on the divestiture of StelKast,” said Mueller. “With the robust resources Globus will provide, Stelkast is well-positioned for continued growth and innovation and we look forward to watching their future success.”
Citizens Capital Markets, Inc. provides merger and acquisition, capital raising and other financial advisory services to middle market companies across a focused set of industry verticals. Citizens delivers thoughtful advice, keen market insight and superior execution to clients, both nationally and internationally. Citizens’ managing directors average nearly 30 years of experience and have directly executed more than 1,000 transactions throughout their careers.
For more information, please go to the Citizens Commercial Banking M&A Advisory Services website.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $162.7 billion in assets as of June 30, 2019. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,900 ATMs and approximately 1,100 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
