M&A Deal Summary

New Harbor Capital Acquires Fyzical Therapy & Balance Centers

On January 17, 2018, private equity firm New Harbor Capital acquired franchising company Fyzical Therapy & Balance Centers from Professional Physical Therapy

Acquisition Highlights
  • This is New Harbor Capital’s 1st transaction in the Franchising sector.
  • This is New Harbor Capital’s 12th transaction in the United States.
  • This is New Harbor Capital’s 2nd transaction in Florida.

M&A Deal Summary

Date 2018-01-17
Target Fyzical Therapy & Balance Centers
Sector Franchising
Buyer(s) New Harbor Capital
Sellers(s) Professional Physical Therapy
Deal Type Divestiture

Target

Fyzical Therapy & Balance Centers

Sarasota, Florida, United States
website
Fyzical Therapy & Balance Centers is a franchisor and operator of physical rehabilitation centers with an emphasis on balance therapy, medical-based fitness, and wellness programs. Fyzical Therapy & Balance Centers was founded in 2012 and is based in Sarasota, Florida.

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Buyer(S) 1

Buyer
DESCRIPTION

New Harbor Capital is a lower middle-market private equity firm focused on investing in and acquiring profitable, growth-oriented companies. New Harbor seeks opportunities in the healthcare services, education, and business services sectors and looks to invest $10 to $40 million per transaction. The Firm prefers control investment situations and typically looks to fund growth capital financings, management buyouts, and recapitalizations. New Harbor Capital was established in 2013 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 12 of 22
Sector (Franchising) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 2 of 3
Country (United States) 12 of 22
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-20 LGM Pharma

Boca Raton, Florida, United States

LGM Pharma specializes in streamlining the API supply chain throughout all development stages while providing complete technical capabilities and expert regulatory support for a wide range of products. LGM Pharma was founded in 2005 and is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-13 Blueprint

Manhattan Beach, California, United States

Blueprint is a LSAT test preparation provider in U.S., offering in-person and asynchronous online courses, private tutoring, self-study materials and application consulting services. Blueprint’s live classroom instruction is offered in 25+ locations in eight states around the country. Blueprint leverages a unique edutainment-oriented content creation capability and the latest adaptive learning technology to support individualized study plans. Blueprint was founded in 2005 and is based in Manhattan Beach, California.

Buy -

Seller(S) 1

SELLER

Professional Physical Therapy

Whitestone, New York, United States

website


Category Company
Founded 1998
Sector Healthcare Services
DESCRIPTION

Professional Physical Therapy is a provider of physical therapy and rehabilitation services in the New York metropolitan area. The Company’s outpatient physical therapy centers provide treatment to patients suffering from musculoskeletal impairments associated with accidents, sports injuries, surgeries, and various other medical conditions. Professional Physical Therapy was founded in 1998 and is based in Whitestone, New York.


DEAL STATS #
Overall 1 of 1
Sector (Franchising) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 Kipnis Physical Therapy and Sports Medicine

Secaucus, New Jersey, United States

Kipnis Physical Therapy and Sports Medicine is an outpatient physical therapy clinic that specializes in manual and hand therapies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 PRO Sports Physical Therapy of Westchester

Scarsdale, New York, United States

PRO Sports Physical Therapy of Westchester is a provider of physical therapy and rehabilitation services, based in Scarsdale, New York.

Buy -