M&A Deal Summary

Webster Equity Partners Acquires Advantmed

On April 7, 2025, private equity firm Webster Equity Partners acquired information services company Advantmed from Bison Capital Asset Management

Acquisition Highlights
  • This is Webster Equity Partners’ 1st transaction in the Information Services sector.
  • This is Webster Equity Partners’ 47th transaction in the United States.
  • This is Webster Equity Partners’ 10th transaction in California.

M&A Deal Summary

Date 2025-04-07
Target Advantmed
Sector Information Services
Buyer(s) Webster Equity Partners
Sellers(s) Bison Capital Asset Management
Deal Type Recapitalization
Advisor(s) Triple Tree (Financial)

Target

Advantmed

Irvine, California, United States
Advantmed is a health information management company involved in improving the health of its healthcare system. Advantmed was formed in 2005 and is based in Irvine, California.

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Buyer(S) 1

Buyer

Webster Equity Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 6.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Webster Capital is a private equity firm that targets growth capital and buyout investments in profitable, middle-market healthcare and consumer companies. Prospective business characteristics of interest include differentiated products or services, distinctive brands, and loyal/repeat customers. Webster looks for companies generating sales of $20 to $200 million, EBITDA of $5 to $20 million, and valued up to $200 million. Webster Capital was formed in 2003 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 49 of 49
Sector: Information Services M&A 1 of 1
Type: Recapitalization M&A Deals 4 of 4
State: California M&A 10 of 10
Country: United States M&A 47 of 47
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-06 Retina Consultants of America

Southlake, California, United States

Retina Consultants of America is a provider of retina physician practices in the country with eleven board-certified, fellowship-trained retina specialists practicing at eleven clinic locations and one ambulatory surgery center. Retina Consultants of America is based in Southlake, Texas.

Sell $5.1B

Seller(S) 1

SELLER

Bison Capital Asset Management

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bison Capital is a private equity firm which makes non-control investments in middle-market companies with revenue of $20 to $500 million and at least $5 million of EBITDA. Bison Capital invests in businesses to finance their growth, balance sheet restructurings, recapitalizations, and to fund buyouts. Bison looks to invest between $10 and $30 million per transaction. Bison Capital was formed in 2001 and is based in Los Angeles, California with an additional office in Charlotte, North Carolina.


DEAL STATS #
Overall 16 of 17
Sector: Information Services M&A 1 of 1
Type: Recapitalization M&A Deals 3 of 3
State: California M&A 10 of 10
Country: United States M&A 14 of 15
Year: 2025 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-16 Aqua Expeditions

Singapore, Singapore

Aqua Expeditions is an adventure travel company that operates five-star luxury cruises on the Amazon River in Peru and on the Mekong River in Vietnam and Cambodia. Aqua Expeditions is based in Singapore.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-27 CutisCare

Lighthouse Point, Florida, United States

CutisCare is a provider of wound care and hyperbaric oxygen therapy treatment services to hospitals across the United States. Hyperbaric oxygen therapy is used to treat a variety of health conditions, including diabetic wound ulcers, radiation exposure, skin irritations, and trauma to the body’s extremities, among others. CutisCare is based in Lighthouse Point, Florida.

Sell -