FTI Capital Advisors, LLC (“FTICA”), the wholly owned investment-banking subsidiary of FTI Consulting, Inc. (NYSE: FCN), recently acted as financial advisor to Avantik, a leading 

provider of mission-critical products for anatomic pathology and histology laboratories across the United States, in forming a strategic partnership with Water Street Healthcare Partners (“Water Street”).

This transaction will enable Avantik to expand its products and services supporting anatomic pathology and histology laboratories with their operations. Water Street plans to commit significant capital in addition to its diagnostics experience and network of relationships to advance the next phase of Avantik’s expansion. Working with Water Street, Avantik plans to invest in organic initiatives and acquisitions to expand its portfolio of consumables and equipment and enhance its maintenance and repair services.

Roger Kahn, Managing Director with FTICA, said, “We were pleased to advise Avantik on this partnership with Water Street. This transaction will strengthen Avantik’s position as a leading supplier of products and services to anatomic pathology and histology labs across the country.” Added David Baker: “We were delighted to have realized a great outcome for Avantik’s shareholders and the company." Terms of the transaction were not disclosed.

David Baker

Managing Director

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Roger Kahn

Managing Director

Founded in 1971, Avantik supports anatomic pathology and histology laboratories in maintaining their critical operations. The company offers customers a broad portfolio of maintenance and repair services and high-quality consumables, parts and equipment.  

Founded in 2005, Water Street is a private-equity firm based in Chicago. Among the world’s leading healthcare companies on whose investments Water Street has worked are Humana, Johnson & Johnson, Medtronic and Walgreen Co. Water Street specializes in collaborating with healthcare companies in creative ways to accelerate growth. The firm has a strong record of building market-leading companies across key growth-sectors in healthcare.

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FTI Capital Advisors is a boutique middle market investment bank which specializes in healthcare, M&A, capital raising, valuation and opinions, and special situations mandates across targeted industry sectors – including deep credentials in the telecom sector, as well as the media, energy generation, real estate and industrial industries. Backed by the power of FTI Consulting’s worldwide network of professionals, FTICA combines deep industry expertise with investment banking and transaction execution experience to deliver value enhancing outcomes for our clients.

FTICA is registered with FINRA in the United States and engages in securities transactions pursuant to that registration. In non-US securities transactions, FTICA may be required to work with securities dealers registered in other countries. FTI Capital Advisors, LLC (member FINRA/SIPC) is the wholly owned investment banking subsidiary of FTI Consulting, Inc. (NYSE: FCN)