Investment Summary

Sterling Partners Private Equity Invests In Grand Rapids Ophthalmology

On February 23, 2017, private equity firm Sterling Partners Private Equity invested in healthcare services company Grand Rapids Ophthalmology

Investment Highlights
  • This is Sterling Partners Private Equity’s 10th transaction in the Healthcare Services sector.
  • This is Sterling Partners Private Equity’s 52nd transaction in the United States.
  • This is Sterling Partners Private Equity’s 1st transaction in Michigan.

Investment Summary
Date 2017-02-23
Target Grand Rapids Ophthalmology
Sector Healthcare Services
Investor(s) Sterling Partners Private Equity
Deal Type Growth Capital

Target

Grand Rapids Ophthalmology

Grand Rapids, Michigan, United States
Grand Rapids Ophthalmology is a fully-integrated eye care medical group in West Michigan. It offers a full suite of eye care services including optometry, retail optical, oculoplastics, cataract surgery, and retinal subspecialties. GRO’s eye care services are supported by experienced professionals, a fully-integrated back office, and technologically advanced capabilities. The company employs the largest number of eye care specialists and professionals in the region – 11 ophthalmologists, 18 optometrists, and 180 other technicians and staff in 11 locations.

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Investor(S) 1

Investor

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 54 of 62
Sector (Healthcare Services) 10 of 11
Type (Growth Capital) 10 of 16
State (Michigan) 1 of 1
Country (United States) 52 of 60
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 National Underground Group

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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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-21 World Fiber Technologies

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World Fiber Technologies is a U.S. based telecommunications, intelligent transportation systems (ITS) and open road tolling systems (ORT) solutions provider with expertise in the growing renewable energy business sector. The company provides engineering, design, construction and maintenance expertise and services for fiber optic networks, wireless communications systems, ITS, traffic signalization, ORT systems and broadband telecommunications solutions. For nearly two decades, World Fiber has been driven by six core values: ownership, people, stability and flexibility, relationships, reinvestment and perseverance.

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