Investment Summary

Thurston Group and FFL Partners Invest In U.S. Orthopedic Partners

On September 21, 2020, private equity firms Thurston Group and FFL Partners invested in healthcare services company U.S. Orthopedic Partners

Investment Highlights
  • This is Thurston Group’s 2nd and FFL Partners’ 10th transaction in the Healthcare Services sector.
  • This is Thurston Group’s 3rd and FFL Partners’ 40th transaction in the United States.
  • This is Thurston Group’s 1st and FFL Partners’ 5th transaction in Georgia.

Investment Summary

Date 2020-09-21
Target U.S. Orthopedic Partners
Sector Healthcare Services
Investor(s) Thurston Group
FFL Partners
Deal Type Growth Capital

Target

U.S. Orthopedic Partners

Alpharetta, Georgia, United States
U.S. Orthopedic Partners is a full-service, integrated orthopedic care platform that provides the full continuum of musculoskeletal treatment to patients in the Southeastern U.S. Supported by the group diversified orthopedic sub-specialties, ultramodern ambulatory surgery center(s), fellowship training programs, and comprehensive suite of ancillary services – advanced imaging, rehabilitation, pain management, urgent care, pharmacy, and sports medicine. U.S. Orthopedic Partners was founded in 2020 and is based in Alpharetta, Georgia.

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Investor(S) 2

DESCRIPTION

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.


DEAL STATS #
Overall 3 of 6
Sector (Healthcare Services) 2 of 4
Type (Growth Capital) 2 of 3
State (Georgia) 1 of 1
Country (United States) 3 of 6
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 USOSM

Irving, Texas, United States

USOSM is a specialty management services company, partners with premier oral and maxillofacial surgeons throughout the United States to offer a partnership solution for continued and accelerated practice success. USOSM was founded in 2017 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Gen4 Dental Partners

Tempe, Arizona, United States

Gen4 Dental Partners is the newest generation of Dental Service Organization, one that is clinician-centric, and patient-obsessed. Gen4 uses many of the lessons the management team learned in developing a best-in-class dental consulting platform to operationalize growth and harness the power of the team. Gen4 will allow practices to focus on the clinical aspects of the business by relieving the growing administrative burden facing dental groups today. Gen4 Dental Partners was founded in 2021 and is based in Tempe, Arizona.

Buy -
Investor

FFL Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 5.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

FFL Partners (formerly known as Friedman Fleischer & Lowe) is a private equity group focused on majority and minority investments in North American middle-market companies. Prospective businesses generally have revenues of $30 to $400 million and are valued between $50 and $300 million. Target situations include ownership restructurings in closely-held and family-owned companies, management buyouts, PIPEs, growth equity fundings, take privates, special situations, and recapitalizations. Sectors of interest include outsourced business services, education and training, marketing and media, consumer products, healthcare, and financial services. FFL Partners was formed in 1997 and is based in San Francisco.


DEAL STATS #
Overall 43 of 53
Sector (Healthcare Services) 10 of 13
Type (Growth Capital) 13 of 17
State (Georgia) 5 of 7
Country (United States) 40 of 49
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-17 Versant Health Holdco

Linthicum, Maryland, United States

Versant Health is a provider of trusted managed eye health and vision care plan for members, clients, brokers, and eye care professionals in the industry. Versant Health owns the well-established marketplace brands Davis Vision and Superior Vision. Versant Health is based in Linthicum, Maryland.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 SNAP Financial Group

Vancouver, British Columbia, Canada

SNAP Financial Group is focused on being a fast, fair & friendly payment solutions partner. The company provides quick approvals, reasonable and responsible interest rates, and supportive customer experience. SNAP was formed in 2006 and is headquartered in Vancouver, British Columbia with additional offices in Toronto, Ontario, and West Des Moines, Iowa.

Sell $511M