M&A Deal Summary

Advancing Eyecare Acquires Lombart Instrument

On January 10, 2019, Advancing Eyecare acquired medical products company Lombart Instrument from Atlantic Street Capital

Acquisition Highlights
  • This is Advancing Eyecare’s 2nd transaction in the Medical Products sector.
  • This is Advancing Eyecare’s 2nd transaction in the United States.
  • This is Advancing Eyecare’s 1st transaction in Virginia.

M&A Deal Summary
Date 2019-01-10
Target Lombart Instrument
Sector Medical Products
Buyer(s) Advancing Eyecare
Sellers(s) Atlantic Street Capital
Deal Type Merger

Target

Lombart Instrument

Norfolk, Virginia, United States
Lombart Instrument is the largest independent, value‐added distributor of ophthalmic instruments to ophthalmologist and optometrist practices in the United States. Products offered include chairs, stands, slit lamps, refractors, tonometers, keratometers, eye projectors, perimeters, and replacement bulbs and batteries. Lombart sells these products to ophthalmology and optometry practices and clinics, teaching institutions and hospitals, and government hospitals. Lombart is headquartered in Norfolk, VA.

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Buyer(S) 1

Buyer

Advancing Eyecare

Jacksonville, Florida, United States
Category Company
Founded 2019
Sector Medical Products
DESCRIPTION

Advancing Eyecare is an operator of diagnostic ophthalmic equipment company established to offer the products and service solutions in the ophthalmic equipment industry. Advancing Eyecare was founded in 2019 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 2 of 5
Sector (Medical Products) 2 of 4
Type (Merger) 2 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 5
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-10 Marco Ophthalmic

Jacksonville, Florida, United States

Marco Ophthalmic, Inc. is an Ophthalmic Vision Diagnostic Equipment for eye-care professionals. Marco Ophthalmic, Inc. continue to launch exciting new initiatives in the refractive and retinal domain. Automated Diagnostics include Lensmeters, Keratometers, Glare Testing, Tonometers, Refraction Systems, Corneal Analyzers/Wavefront Aberrometers, and Automated Fundus Cameras. All automation integrates with EMR for paperless, efficient, and more profitable practices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Ophthalmic Instruments & Consulting

Woodinville, Washington, United States

Ophthalmic Instruments & Consulting Co. is an expert and supplier of classical and diagnostic equipment in the Pacific Northwest.

Buy -

Seller(S) 1

SELLER

Atlantic Street Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Atlantic Street Capital is an operationally focused private equity firm that partners with entrepreneurs and management teams to create value. Atlantic Street looks to acquire profitable companies where it can invest $15 to $75 million per deal. Target industries include consumer products, services, manufacturing, distribution, retail, restaurant and healthcare. Atlantic Street prefers opportunities located in the US and Canada and will only consider control situations. Atlantic Street Capital was formed in 2006 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 4 of 9
Sector (Medical Products) 1 of 2
Type (Merger) 2 of 2
State (Virginia) 1 of 1
Country (United States) 4 of 9
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-10 Advancing Eyecare

Jacksonville, Florida, United States

Advancing Eyecare is an operator of diagnostic ophthalmic equipment company established to offer the products and service solutions in the ophthalmic equipment industry. Advancing Eyecare was founded in 2019 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-28 Alex Evenings

New York, New York, United States

Alex Evenings designs, sources and distributes branded ladies eveningwear dresses and separates to the moderate to upper-moderate segments of the women’s apparel industry. Alex Evenings was founded in 1989 and is based in New York City.

Sell -
Mergr

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