Agiliti, Inc. (NYSE:AGTI) shares are trading higher Monday after the company announced it will be taken private by Thomas H. Lee Partners, L.P.

The Details:

Agiliti said Thomas H. Lee Partners, L.P. (“THL”), the company’s majority shareholder, will acquire all outstanding shares of Agiliti common stock not currently owned by THL for $10.00 per share in cash, implying an enterprise value of approximately $2.5 billion. The transaction is expected to close in the first half of 2024. 

“Agiliti serves a critical role in sustaining our national healthcare infrastructure, and our dedicated team has led the way to our substantial growth and evolution over the last decade,” said Tom Leonard, CEO of Agiliti. 

“We are pleased to expand our five-year partnership with THL in a transaction that provides immediate value and liquidity to our shareholders, while lifting certain overhangs that had limited our performance in the public market since the time of our IPO,” added Leonard.

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AGTI Price Action: According to Benzinga Pro, Agiliti shares are up 29.2% at $9.87 at the time of publication.

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