GRAND RAPIDS — A physical therapy provider with nationwide growth plans now calls Grand Rapids home following an acquisition that more than doubles its size.
Great Lakes Management Services Organization, the company formed last spring with private equity firm Sterling Partners’ acquisition of Grand Rapids Ophthalmology, acquired Shoreline Vision in Muskegon.
Here is the MiBiz Growth Report for Nov. 27, 2017:
• M&A: Norton Shores-based Nichols Paper and Supply Co. has acquired Indianapolis, Ind.-based Spectrum Janitorial Supply, a provider of cleaning supplies, in a move to continue expanding in the Midwest. Nichols, a distributor of janitorial cleaning supplies and shipping and packing equipment, closed on the transaction on Nov. 6, according to a statement. Terms of the deal were not disclosed. Nichols’ previous acquisitions include Professional Sanitary Supply Corp., Kellermeyer Co. and Industrial Cleaning Supply Co. The company has offices in Grand Rapids, Detroit, Holland and Traverse City in Michigan, as well as two offices in Ohio.
Great Lakes Management Services Organization has acquired the Walker Surgical Center.
While advising on more than two-dozen transactions over a 12-month period, Dustin Daniels saw firsthand the growth of private equity’s role in mergers and acquisitions in West Michigan.
Here is the MiBiz Growth Report for June 26, 2017:
Bill Hughson has joined Grand Rapids Ophthalmology as CEO, coming from from IntegraMed Fertility, the largest fertility network in North America with 28 practices where he was CEO and continues as vice chairman of the board. He previously served from 2009 to 2013 as president of the health care group for DeVry Education Group.
An investment by a Chicago private equity firm provides Grand Rapids Ophthalmology the capital to expand its footprint across Michigan and potentially into neighboring states.