Displaying items by tag: Sterling Partners
The recent scale and scope of M&A activity around the region has made for a “pretty cool year” for deal advisers like Rajesh Kothari.
GRAND RAPIDS — A physical therapy provider with nationwide growth plans now calls Grand Rapids home following an acquisition that more than doubles its size.
The deal to buy a majority stake in Muskegon-based Shoreline Vision serves as the largest transaction yet for Great Lakes Management Services Organization.
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.
Physicians considering their next steps in the business have an emerging alternative to consider that would allow them to remain independent.
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.
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.
The 2014 sale of a Baltimore, Md.-based optical practice to a Los Angeles private equity firm was one of two industry deals that led to an opportunity for the partners at Grand Rapids Ophthalmology PC.