M&A Deal Summary

Shore Capital Partners Acquires Innovate 32

On July 19, 2024, private equity firm Shore Capital Partners acquired healthcare services company Innovate 32

Acquisition Highlights
  • This is Shore Capital Partners’ 28th transaction in the Healthcare Services sector.
  • This is Shore Capital Partners’ 59th transaction in the United States.
  • This is Shore Capital Partners’ 5th transaction in Tennessee.

M&A Deal Summary
Date 2024-07-19
Target Innovate 32
Sector Healthcare Services
Buyer(s) Shore Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Innovate 32

Nashville, Tennessee, United States
Innovate 32 is a dental services organization that supports a growing network of premier dental practices, delivering best-in-class patient experiences through unmatched partner support. Innovate 32 provides a firm foundation of essential management resources for its partners, empowering them to remain focused on delivering the best patient care possible. Innovate 32 is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Shore Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 9.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Shore Capital Partners is a private equity group focused on opportunities in healthcare, food/beverages, and business services. Specific healthcare areas of interest include infusion therapy, laboratory services, laboratory products/distribution, outpatient rehab therapy, and behavioral health. Shore looks to invest in proven businesses with stable cash-flows and 'significant' growth potential. Prospective companies typically have $5 to $100 million in sales and $1 to $10 million of EBITDA. Shore Capital was formed in 2009 and is based in Chicago, Illinois.

DEAL STATS #
Overall 60 of 63
Sector (Healthcare Services) 28 of 28
Type (Buyout (LBO, MBO, MBI)) 25 of 26
State (Tennessee) 5 of 5
Country (United States) 59 of 62
Year (2024) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 Behavioral Innovations

Addison, Texas, United States

Behavioral Innovations provides center-based and in-home applied behavior analysis therapy, speech therapy, and occupational therapy services to children ages birth through 18 with autism spectrum disorder and other related developmental disabilities. BI also offers adult services in community-based treatment settings. Behavioral Innovations was formed in 2000 and is based in Addison, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 ONDEX Automation

Oak Brook, Illinois, United States

ONDEX Automation is a provider of factory automation systems integrator to support North American manufacturers on their most challenging automation and integration needs. ONDEX Automation is based in Oak Brook, Illinois.

Buy -
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