Reichert bought by Beecken Petty O'Keefe & Company

Instrument manufacturer Reichert has been sold to private equity fund Beecken Petty O'Keefe & Company.

Reichert was owned by Summer Street Capital Partners which acquired it from Leica Microsystems in December 2002. Highlights of its tenure include operational improvements, new product launches and an acquisition.

Reichert CEO Tim Levindofske said: 'The entire Reichert management team is very enthusiastic about the opportunities in front of us during a period of tremendous growth and exciting developments in the eye care industry.'

'BPOC will be an excellent partner for management. Reichert's strong brand name, robust product pipeline and excellent management team has positioned the company to make a major leap in growth,' said David Baker, managing director of investment bank Goldsmith Agio Helms.