M&A Deal Summary

GPB Capital Acquires Alliance

On January 1, 2016, asset manager GPB Capital acquired healthcare services company Alliance

Acquisition Highlights
  • This is GPB Capital’s 1st transaction in the Healthcare Services sector.
  • This is GPB Capital’s 2nd transaction in the United States.
  • This is GPB Capital’s 1st transaction in Michigan.
Investment Fate
  • Alliance was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2016-01-01
Target Alliance
Sector Healthcare Services
Buyer(s) GPB Capital
Deal Type Consolidation

Target

Alliance

Grand Rapids, Michigan, United States
website
Alliance is a national physical therapy operator offering outpatient physical therapy across a network of 90+ clinics in 14 states. Alliance offers virtual physical therapy, a workplace therapy solution, in-hospital services, and a comprehensive electronic medical record platform. Alliance was founded in 2017 and headquartered in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

GPB Capital

Investor

website

Category Asset Manager
Founded 2013
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GPB Capital is an asset management firm focused on acquiring income-producing private companies. Sectors of interest include automotive, retail, technology enabled services, waste management, and healthcare. GPB Capital was established in 2013 and is headquartered in New York City.

DEAL STATS #
Overall 2 of 11
Sector (Healthcare Services) 1 of 1
Type (Consolidation) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 11
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-06 ITelagen

Jersey City, New Jersey, United States

ITelagen, Inc. is a healthcare IT company that provides electronic health records (EHR) solutions and support to physicians and medical practices. ITelagen is based in Jersey City, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Erus Energy

Phoenix, Arizona, United States

Erus Energy is a developer and installer of residential and commercial solar energy systems and solutions. The Company has a fully integrated offering including sales, financing, installation, and O&M services with operations from coast to coast. With over 11 years of service, an A+ rating, and over 7,000 clients, Erus Energy has become one of the most respected brands in the solar industry with operations from Arizona to the Carolina's.

Buy -
Mergr

Product

Company

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