M&A Deal Summary

Gryphon Investors Acquires Vision Innovation Partners

On April 7, 2022, private equity firm Gryphon Investors acquired healthcare services company Vision Innovation Partners from Centre Partners Management

Acquisition Highlights
  • This is Gryphon Investors’ 10th transaction in the Healthcare Services sector.
  • This is Gryphon Investors’ 74th transaction in the United States.
  • This is Gryphon Investors’ 4th transaction in Maryland.

M&A Deal Summary
Date 2022-04-07
Target Vision Innovation Partners
Sector Healthcare Services
Buyer(s) Gryphon Investors
Sellers(s) Centre Partners Management
Deal Type Secondary Buyout
Advisor(s) Moelis & Co.
Coker Capital (Financial)
Dechert
ArentFox Schiff (Legal)

Target

Vision Innovation Partners

Annapolis, Maryland, United States
Vision Innovation Partners is a platform for ophthalmology service providers in the Mid-Atlantic region. VIP offers a comprehensive range of services, including routine eye exams and LASIK surgery as well as treatment for cataracts, glaucoma, macular degeneration, and other ocular diseases. Vision Innovation Partners was founded in 2017 and is based in Annapolis, Maryland.

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Buyer(S) 1

Buyer

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $300 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 75 of 81
Sector (Healthcare Services) 10 of 10
Type (Secondary Buyout) 25 of 26
State (Maryland) 4 of 4
Country (United States) 74 of 80
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 FieldRoutes

McKinney, Texas, United States

FieldRoutes is a cloud and mobile SaaS provider in the pest control and lawn care industries. The Company's platform automates many aspects of field service operations for enterprise and small business customers with office management, advanced route optimization, payment processing, digital sales, marketing, and customer acquisition capabilities. FieldRoutes was founded in 2012 and is based in McKinney, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 Ed’s Supply

Nashville , Tennessee, United States

Ed’s Supply is a wholesale distributor and service provider that serves both the commercial and residential markets and features one of the largest inventories of HVAC/R parts, equipment, and air distribution products in the Southeast. Ed’s Supply was founded in 1957 and is based in Nashville, Tennessee.

Buy -

Seller(S) 1

SELLER

Centre Partners Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centre Partners is a private equity firm focused on investments in North American middle-market companies 'with strong growth prospects, predictable cash flows, and defensible competitive positions'. Prospective transactions include investments in privately owned companies, growth capital financings, management buyouts/buy-ins, divestitures, and take privates. The Firm's typical investment size is $10 to $50 million. Areas of interest include consumer products and services, cable/media, business services, energy, financial services, healthcare, industrial, and retail. Centre Partners was formed in 1986 and has offices in New York, New York and Los Angeles, California.

DEAL STATS #
Overall 30 of 31
Sector (Healthcare Services) 2 of 3
Type (Secondary Buyout) 12 of 13
State (Maryland) 1 of 1
Country (United States) 29 of 30
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 KNS International

Draper, Utah, United States

KNS International is a designer and distributor of branded products across multiple categories with special focus on women's and men's shoes, including products under Journee Collection and other brands, and is a preferred partner for national retailers looking to optimize inventory and expand online product offerings. KNS is based in Draper, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Captain D s

Nashville, Tennessee, United States

Captain D's owns, operates, and franchises some 500+ restaurants in 25 states, plus military bases around the world. Captain D's offers its customers great seafood at reasonable prices in a relaxed environment. Captain D's was formed in 1969 and is based in Nashville, Tennessee.

Buy -
Mergr

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Legal