COSTA MESA, Calif. (November 10, 2009) – The Beekman Group LLC, a middle market-focused private equity group based in New York, has acquired a leading medical services organization (the “Company”) that provides contracted medical services to healthcare institutions. Transaction terms were not disclosed.
McGladrey Capital Markets LLC initiated the transaction, sourced the buyer, led the negotiations, and acted as the exclusive financial advisor to the Company.
“The Company’s growth can be attributed to a combination of providing premier quality services and an operational infrastructure that can be leveraged with growth. The Beekman Group will be able to supplement the management team’s capabilities and provide additional expertise to take the Company to the next level,” said Kamal Patel, vice president at McGladrey Capital Markets’ Chicago office. “The acquisition enables the Company to continue their growth strategy while providing quality services to healthcare institutions.”
About The Beekman Group
The Beekman Group is a leading private equity firm dedicated to bringing financial and operational resources to small middle-market companies. TBG’s team consists of experienced private equity professionals, as well as a select group of Industry Operating Partners who are leading executives in TBG’s targeted industry segments. This Industry Partner approach to investing is the cornerstone of TBG’s investment strategy - creating value through partnership with small middle-market management teams.
TBG’s targeted industry sectors are Financial Services, Consumer & Business Services, and Healthcare.
About The Company
The company is a medical services organization that provides high quality, contracted services to healthcare institutions.
About McGladrey Capital Markets
McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm’s services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in 13 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives. McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world’s preeminent tax services provider. McGladrey Capital Markets is also a member of RSM International, a worldwide network of professional services firms. McGladrey Capital Markets’ international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA.
CONTACT:
McGladrey Capital Markets LLC
Kelly Osborne, Vice President
714.327.8880
kosborne@mcgladreycm.com