Reichert Sets Its Sights On Expanding Its Focus ; Sales Over Last Decade More Than Tripled

Summary

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When Tim Levindofske joined Reichert Inc. a decade ago, the Depew optical equipment maker was in a bind.

Its owner, Leica Microsystems, wanted to sell the business -- a process that would take two years before managers backed by Buffalo private equity firm Summer Street Capital Partners agreed to a deal in 2002. In the meantime, the Walden Avenue operation was starved for capital.

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Reichert Sets Its Sights On Expanding Its Focus ; Sales Over Last Decade More Than Tripled

"It was going the way of the dodo bird back then," said Levindofske, Reichert's president and chief operating officer. "It was basically a red-headed stepchild for Leica."

But now, after nearly eight years of ownership under Summer Street and now Chicago-based Beeken Petty O'Keefe & Co., a pair of...

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