M&A Deal Summary

Sterling Partners Private Equity Acquires Platinum Dermatology Partners

On January 1, 2016, private equity firm Sterling Partners Private Equity acquired healthcare services company Platinum Dermatology Partners

Acquisition Highlights
  • This is Sterling Partners Private Equity’s 9th transaction in the Healthcare Services sector.
  • This is Sterling Partners Private Equity’s 50th transaction in the United States.
  • This is Sterling Partners Private Equity’s 6th transaction in Texas.

M&A Deal Summary
Date 2016-01-01
Target Platinum Dermatology Partners
Sector Healthcare Services
Buyer(s) Sterling Partners Private Equity
Deal Type Consolidation

Target

Platinum Dermatology Partners

Dallas, Texas, United States
Platinum Dermatology Partners (PDP) is a management services organization that provides practice management services to dermatology groups. PDP’s differentiated model focuses on physician partnership with top-tier dermatologists, creating a platform for its affiliated physicians to share best practices and focus on care delivery, eliminating back office and regulatory burden. Platinum’s expertise and access to capital allows physicians to accelerate growth in their practice while remaining focused on delivering excellent patient outcomes. Platinum Dermatology Partners was formed in 2016 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Sterling Partners Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $5 to $175 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.

DEAL STATS #
Overall 52 of 62
Sector (Healthcare Services) 9 of 11
Type (Consolidation) 2 of 2
State (Texas) 6 of 6
Country (United States) 50 of 60
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 National Underground Group

Irvine, California, United States

National Underground Group is a technology-enabled underground infrastructure service provider to municipal, utility and engineering customers across the U.S. NUG’s primary services include pipeline inspection, repair & cleaning, utility locating, and trenchless pipeline sewer and storm drain rehabilitation. National Underground Group was formed in 1947 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Innotrac

Johns Creek, Georgia, United States

Innotrac Corporation is a commerce provider integrating digital technology, fulfillment, contact center and business intelligence solutions to support global brands. Innotrac's fulfillment, order management and contact center solutions are integrated with all major web platforms, and seamlessly integrate with any required partner technologies. Innotrac employs sophisticated order processing and warehouse management technology and operates eight fulfillment centers and one call center spanning all time zones across the continental United States.

Sell -
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