JLL Partners has announced its acquisition of Parks Medical Electronics.
Parks, established in 1961 and based in Aloha, Oregon, is a manufacturer of Doppler ultrasound systems and vascular labs. Its products, including the Flo-Lab system, are used in medical offices, operating rooms and veterinary practices.
JLL, founded in 1988 and based in New York, is a middle market private equity firm that targets companies in healthcare and a few other sectors.
Terms of the acquisition were not disclosed.
JLL also announced it would be combining Parks with Vascular Technology Inc., which the firm acquired earlier in the year.