PROVIDENCE, R.I. & ATLANTA--(BUSINESS WIRE)--On September 4, 2018, Nautic Partners, LLC (“Nautic”) completed the acquisition of Mikart, Inc. (“Mikart” or the “Company”) and appointed Michael Kallelis as CEO of the Company.
Headquartered in Atlanta, GA, Mikart is a leading contract development and manufacturing organization (“CDMO”) offering a full range of integrated services, technology and support for the development, manufacturing and packaging of solid dose and non-sterile liquid pharmaceuticals. For over 40 years, Mikart has provided comprehensive, end-to-end commercialization services to an array of longstanding customers while emphasizing a quality-first approach and best-in-class manufacturing and regulatory capabilities. Mikart’s broad range of capabilities includes formulation development, clinical trial supplies, regulatory filing support, analytical services, clinical manufacturing, commercial manufacturing, and packaging. Ongoing investments in the business including state-of-the-art serialization-compliant packaging lines enable Mikart to provide customers with the latest in CDMO offerings and capabilities, often years ahead of regulatory requirements and industry standards.
Joining the team will be Michael Kallelis, who has over 30 years of experience within public and private life sciences companies, where he has a track record of successfully implementing commercial and operational growth strategies. Most recently, Mike was Vice President of Business Development, at KMC Systems, responsible for implementing their successful commercial growth strategy. Prior to his time at KMC, Mike was Chief Operating Officer and co-founder of Boston BioSystems, an API contract manufacturing company, making GMP grade, synthetic oligonucleotides. Boston BioSystems was acquired by Avecia Ltd., a UK based former division of AstraZeneca. Mike was also President and Chief Operating Officer at Exiqon, a gene expression analysis company, which he helped take public in 2007. Mike has held senior roles at GE Life Sciences, Millipore and Sepracor, where he managed technologies directed at diagnostics, genomics, proteomics, bioprocessing and drug development.
“In Nautic, Mikart has found the ideal partner to continue scaling the business while staying true to its customer-focused roots,” retiring owner Miguel Arteche said. “Nautic offers a compelling combination of healthcare, manufacturing and financial experience to help Mikart thrive and expand within the rapidly growing CDMO market.” Recently joining CEO Mike Kallelis commented, “The work Miguel and Mikart’s management team have done to develop Mikart’s premier brand status in the market and strong reputation amongst customers is impressive. We hope to build off this foundation and partner with existing and future clients to fill their CDMO needs. “
Chris Crosby, a Managing Director of Nautic mentioned, “We are excited to partner with Mikart given their strong competitive position, high record of quality, and great company culture.” Chris Vinciguerra, a Principal of Nautic added, “We look forward to helping Mikart increase customer awareness of its compelling offerings and manufacturing excellence, as well as supporting Mike and the company in various growth initiatives.”
Goodwin Procter, LLP served as legal counsel to Nautic in support of the transaction. Mikart was advised by Troutman Sanders LLP and Harris Williams.
Mikart is a leading contract development and manufacturing organization offering a full range of integrated services, technology and support for the development, manufacturing and packaging of solid dose and non-sterile liquid pharmaceuticals. Mikart’s broad range of capabilities includes formulation development, clinical trial supplies, regulatory filing support, analytical services, clinical manufacturing, commercial manufacturing, and packaging. The company is based in Atlanta, GA.
For more information, contact Mikart at 1 (888) 464-5278 or firstname.lastname@example.org.
About Nautic Partners, LLC
Nautic is a middle-market private equity firm that focuses on three industries: healthcare, industrial products, and outsourced services. Nautic has completed over 130 platform transactions throughout its 30-plus year history. Nautic's strategy is to partner with management teams to accelerate the growth trajectory of its portfolio companies via add-on acquisitions, targeted operating initiatives, and increased management team depth. Nautic generally makes equity investments of $25 million or more. For more information, please visit www.nautic.com.