Thurston Group Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Thurston Group has acquired 1 company. It has also invested in 2 others.

Thurston Group’s most common sectors for investment arehealthcare services (67%) and business services (17%) . The Firm’s most common investment types include growth capital (50%) and buyout (lbo, mbo, mbi) (34%). In total, Thurston Group has invested in 6 US states.

In the last 3 years, Thurston Group has exited 1 company. The Firm’s most common exit type is secondary buyout (100%).

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M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5

Thurston Group

Thurston Group, LLC

230 West Monroe Street Suite 1920,
Chicago, Illinois 60606
United States
(312) 255-0077
www.thurstongroup.com
thurston@thurstongroup.com

Thurston Group is a private equity group focused on acquiring and investing in fragmented businesses operating in the business services and healthcare industries. The Firm targets profitable companies with $1 to $20 million of EBITDA looking for capital to facilitate growth. Specific areas of interest include healthcare management and dental supply support organizations. Thurston Group was originally established in 1986 and is headquartered in Chicago, Illinois.


Investment Criteria

Sectors of Interest: Business Services, Healthcare Services

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 1 20
Investment Size 10 -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 2 1 3 - - - 6
Sell (0.2/yr) # - - 1 - - - 1
  7

Most Recent M&A

Company Date Value Type
Options Medical Weight Loss 2021-11-30 - Stake Purchase
St. Petersburg, Florida · www.optionsmedicalweightloss.com
U.S. Oral Surgery Management 2021-11-08 - Secondary Sale
Irving, Texas · www.usosm.com
ARC Health LLC 2021-08-09 - Buyout (LBO, MBO, MBI)
Beachwood, Ohio · www.archealthpartners.com
Gen4 Dental Partners 2021-08-02 - Growth Capital
Tempe, Arizona · www.gen4dental.com
U.S. Orthopedic Partners 2020-09-21 - Growth Capital
Alpharetta, Georgia · www.us-orthopartners.com
U.S. Oral Surgery Management 2017-11-01 - Buyout (LBO, MBO, MBI)
Irving, Texas · www.usosm.com
Smiles Services LLC 2013-10-01 - Growth Capital
Longview, Washington · www.welovesmiles.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 4 (80%) - 4 (67%) -
Business Services - - 1 (17%) -
Consumer Services 1 (20%) - 1 (17%) -
Total 5 - 6 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 5 (100%) - 6 (100%) -
  Washington 1 (20%) - 1 (17%) -
  Ohio 1 (20%) - 1 (17%) -
  Georgia 1 (20%) - 1 (17%) -
  Florida 1 (20%) - 1 (17%) -
  Arizona 1 (20%) - 1 (17%) -
  Texas - - 1 (17%) -
Total 5 - 6 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 3 (60%) - 3 (50%) -
Buyout (LBO, MBO, MBI) 1 (20%) - 2 (33%) -
Stake Purchase 1 (20%) - 1 (17%) -
Total 5 - 6 -

Exits by Deal Type

Type Total # Value
Secondary Sale 1 (100%) -
Total 1 -

M&A Connections

Deals
Exited to
Investor(s)
100%
1 (100%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

Established

1986

Specialist/Generalist

Specialist

Leadership

Patrick Haynes

Chairman & CEO

Daniel Davis

Managing Director

Dana Fender

Partner

Thomas Friedman

Operating Partner

Willard McNitt III

Operating Partner

FAQ

When was Thurston Group founded?

Thurston Group was founded in 1986.

What type of investor is Thurston Group?

Thurston Group is a private equity firm.

Where is Thurston Group headquartered?

Thurston Group is headquartered in Chicago, Illinois.

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