M&A Deal Summary

BPOC Acquires Alliance

On December 22, 2021, private equity firm BPOC acquired healthcare services company Alliance from GPB Capital

Acquisition Highlights
  • This is BPOC’s 13th transaction in the Healthcare Services sector.
  • This is BPOC’s 35th transaction in the United States.
  • This is BPOC’s 1st transaction in Michigan.

M&A Deal Summary

Date 2021-12-22
Target Alliance
Sector Healthcare Services
Buyer(s) BPOC
Sellers(s) GPB Capital
Deal Type Secondary Buyout
Advisor(s) Cain Brothers & Co. (Financial)
McGuireWoods (Legal)

Target

Alliance

Grand Rapids, Michigan, United States
Alliance is a national physical therapy operator offering outpatient physical therapy across a network of 90+ clinics in 14 states. Alliance offers virtual physical therapy, a workplace therapy solution, in-hospital services, and a comprehensive electronic medical record platform. Alliance was founded in 2017 and is headquartered in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

BPOC

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Beecken Petty O'Keefe & Company (BPOC) is a specialist private equity firm that targets investments in middle-market healthcare companies. Specific areas of interest within healthcare include, specialty distribution; provider and payor outsourcing; pharmacy, infusion, and home healthcare; outpatient an alternate site services; and medical products manufacturing with a focus on capital equipment. The Firm focuses on recapitalizations, buyouts, and growth capital investments. BPOC was formed in 1996 and is based in Chicago, Illinois.


DEAL STATS #
Overall 36 of 41
Sector: Healthcare Services M&A 13 of 15
Type: Secondary Buyout M&A Deals 12 of 14
State: Michigan M&A 1 of 2
Country: United States M&A 35 of 40
Year: 2021 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 Medical Solutions

Omaha, Nebraska, United States

Medical Solutions is a healthcare staffing firm that specializes in placing registered nurses and allied professionals in temporary travel assignments. With offices in Omaha, San Diego, Cincinnati, and Tupelo. Medical Solutions was founded in 2001 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Bridgeway Benefit Technologies

Baltimore, Maryland, United States

Bridgeway Benefit Technologies is a provider of specialized business administration software for the Taft-Hartley community, providing technology solutions for fund offices, national multiemployer plans, and third-party administrators across the United States and Canada. Bridgeway Benefit Technologies was founded in 1977 and is based in Baltimore, Maryland.

Buy -

Seller(S) 1

SELLER

GPB Capital

Investor


Category Asset Manager
Founded 2013
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GPB Capital is an asset management firm focused on acquiring income-producing private companies. Sectors of interest include automotive, retail, technology enabled services, waste management, and healthcare. GPB Capital was established in 2013 and is headquartered in New York City.


DEAL STATS #
Overall 4 of 7
Sector: Healthcare Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 4 of 7
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 ITelagen

Sarasota, Florida, United States

ITelagen provides comprehensive EHR and HCIT expertise to its provider clients, enabling them to improve their clinical, financial, and operational outcomes. ITelagen was formed in 2005 and is based in Sarasota, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Erus Energy

Phoenix, Arizona, United States

Erus Energy is a developer and installer of residential and commercial solar energy systems and solutions. Erus Energy was founded in 2004 and is based in Phoenix, Arizona.

Sell -