A&M CAPITAL PARTNERS | 07.20.22

United Musculoskeletal Partners Announces Merger with Novum Orthopedic Partners and Addition of Founding Practice

Atlanta, GA – United Musculoskeletal Partners (UMP) announced today its merger with Dallas-based Novum Orthopedic Partners (Novum), to form the premier physician-owned orthopedic platform in the country. In addition, Denver-based Panorama Orthopedics (Panorama) joins Atlanta-based Resurgens Orthopaedics (Resurgens) and Dallas-based Arlington Orthopedic Associates (AOA) as co-founding partners of UMP. Together, these new partnerships establish UMP as a national leader in musculoskeletal care delivery.

UMP, led by CEO Alex Bateman, is a joint venture of leading orthopedic practices and private equity group Welsh, Carson, Anderson & Stowe (WCAS). With the addition of Novum and Panorama, UMP grows to nearly 190 physician partners and 320 total providers across Colorado, Georgia and Texas.

Backed by A&M Capital Partners (AMCP), Novum launched its orthopedic platform in December 2021 by bringing together AOA, Abilene Sports Medicine & Orthopedics and Waxahachie Orthopedic and Sports Medicine and investments in two leading surgical facilities captive to those practices. Inclusive of the recent addition of North Texas Orthopedics & Spine Center, the four Novum practices will join UMP, with AMCP joining as go-forward sponsor partners alongside WCAS.

“I believe this partnership of elite orthopedic groups, backed by WCAS and AMCP, will be transformative, as we come together to deliver the very best patient care and drive innovation and growth,” said Bateman. “This merger will allow UMP to continue adding like-minded practices to our footprint, as we build the leading musculoskeletal enterprise in the nation.”

Eric Slimmer, Chief Development Officer for Novum said, “The timing was serendipitous that we could merge these two newly formed ventures into one, high-performing platform. Our visions are aligned and that favorably positions us to execute on our goals together.”

“This partnership is especially exciting for Panorama as we join forces with Novum, Resurgens, WCAS and AMCP under the UMP platform to create more access for patients to world-class orthopedic and musculoskeletal care,” said Mark Conklin, MD, President of Panorama. “Together, we can continue paving the way for the future of orthopedics.”

About United Musculoskeletal Partners
United Musculoskeletal Partners (UMP) was formed in December 2021 by Resurgens Orthopaedics, one of the nation’s largest orthopedic practices, and leading private equity firm WCAS. UMP will partner with entrepreneurial, physician-owned orthopedic practices to deliver exceptional clinical care to patients around the country while simplifying the management functions of the practices under one umbrella company. More information at www.umpartners.com.

About Novum Orthopedic Partners
Novum Orthopedic Partners is an innovator in the field of orthopedic practice management. The Company’s model allows for practices of all sizes to maintain local autonomy and independence while achieving the benefits of scale in a national team setting. Novum’s strategy, structure and time-tested model are designed to meet future demands and deliver sustained growth. For more information, please visit www.novumortho.com.

About Panorama Orthopedics
The orthopedic providers at Panorama are highly trained and focused on specific sub-specialties. With over 100 physicians and advanced practice providers, we offer orthopedic specialists in sports medicine, orthopedic trauma, hand, wrist and elbow, foot and ankle, hip preservation, joint replacement and spine care. In addition, we offer non-operative pain management specialists and physical therapists. Our entire team works together with one goal in mind, to help get you back to feeling better so you can lead an active life. For more information visit www.panoramaortho.com.

About Welsh, Carson, Anderson & Stowe
WCAS is a leading U.S. private equity firm focused on two target industries: healthcare and technology. Since its founding in 1979, the firm’s strategy has been to partner with outstanding management teams and build value for its investors through a combination of operational improvements, growth initiatives and strategic acquisitions. The firm has raised and managed funds totaling over $30 billion of committed capital. For more information, please visit www.wcas.com.

About A&M Capital Partners
A&M Capital Partners (“AMCP”) is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of approximately $2.9 billion. AMCP partners with founders, corporates and management teams, providing the capital and strategic assistance that we believe is required to take businesses to the next level of success. AMCP is part of Alvarez & Marsal Capital (AMC), a multi-strategy private equity investment firm with over $4.2 billion in total assets under management across four investment strategies, which maintains a strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world. More information is available at www.pulsecreative-clients.com/staging/amcp.

A&M CAPITAL PARTNERS | 07.11.22

Novum Orthopedic Partners Expands Its Physician Practice Management Platform in Dallas-Fort Worth with Investment in North Texas Orthopedics & Spine Center

The new partnership represents a continuum of Novum’s strategy to build a network of like-minded, entrepreneurial orthopedic practices and surgery centers in Texas and across the U.S.

DALLAS ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­– Novum Orthopedic Partners (Novum), a leader in orthopedics and spine practice management, has made a strategic investment in Dallas-Fort Worth-based North Texas Orthopedics & Spine Center (NTO), one of the regions most respected orthopedic practices. NTO delivers a full suite of musculoskeletal services, including orthopedic consultation, surgeries, pain management, diagnostic imaging, and physical therapy through an integrated care network. 

“Novum’s footprint in the Dallas-Fort Worth region is rapidly growing, and we see an opportunity to operationalize our practice in a way that delivers more value to our patients, physicians, and leadership team,” said Lora Fulmer, Chief Executive Officer at NTO. “By joining Novum, we expect to streamline burdensome administrative tasks for our staff, especially in areas such as billing and compliance, while providing our physicians with real-time operational and clinical benchmarks to improve patient outcomes and overall practice performance.”

“Novum’s ability to deliver value to practice providers and improve the patient experience are just two reasons we joined the Novum team,” added Dr. Michael Briseño, President and Spine Surgeon at NTO. “Our physician group is excited to enter into this new era of medicine while partnering with Novum and their growing bench of outstanding orthopedic providers and support networks.”

The investments are a continuum of Novum’s strategy to partner with like-minded, entrepreneurial orthopedic practices across the U.S. The model provides practice partners with a full suite of technology-enabled compliance, revenue cycle and financial services that can improve operational efficiency and empower physicians to deliver best-in-class clinical care. With the closing of NTO, Novum has expanded its practice management platform to include 47 orthopedic and spine physician partners and more than 400 employees across 10 practice locations, 3 affiliated surgical facilities and 10 physical therapy sites in Texas.

“We’ve developed an attractive, fast-growing model centered around delivering technology-enabled infrastructure and outstanding personnel,” said Eric Slimmer, Novum’s Chief Development Officer. “The model empowers independent orthopedic practices to remain locally managed and physician-led while equipping them with data-driven solutions that create a better experience for patients and physicians.”

“We are excited to welcome the NTO team to the Novum partnership,” said Alex Sacripanti, Vice President at AMCP. “NTO’s commitment to best-in-class clinical quality, together with Novum’s access to resources and our capital investment, creates a powerful partnership to grow and expand Novum in the highly attractive Texas market. We are thrilled to partner with their team of providers.”

About North Texas Orthopedics & Spine Center
Since 1990, North Texas Orthopedics & Spine Center has been committed to providing its patients with the highest level of compassionate, specialized orthopedic and sports medicine care. Recognized as the region’s preferred orthopedic practice, NTO’s specialists are leaders in the diagnosis and treatment of the musculoskeletal system, offering surgical and nonsurgical treatments for every bone, joint, muscle, tendon, and ligament injury and condition, including arthritis of the knee, ankle sprains, and hip fractures. To learn more, please visit www.ntxortho.com.

About Novum Orthopedic Partners
Novum Orthopedic Partners is an innovator in the field of orthopedic practice management. The Company’s model allows for practices of all sizes to maintain local autonomy and independence while achieving the benefits of scale in a national team setting. Novum’s strategy, structure and time-tested model are designed to meet future demands and deliver sustained growth. For more information, please visit www.novumortho.com.

About A&M Capital Partners
A&M Capital Partners (“AMCP”) is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America, with total assets under management of over $2.9 billion. AMCP partners with founders, corporations and management teams to provide the capital and strategic assistance that it believes is required to take businesses to the next level of success. AMCP invests in businesses across a wide range of sectors, including Industrial Products, Consumer Products and Services, Healthcare, Business Services and Government Services.

About Alvarez & Marsal Capital
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.2 billion in total assets under management across four funds and three investment strategies.  The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally focused advisory firms in the world.  AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.

About Alvarez & Marsal
A&M is a privately-owned independent global professional services firm that leverages an industry leading group of experienced operating executives who help businesses improve performance, solve problems and unlock value for stakeholders.  A&M has over 6,000 operating professionals and employees in 67 offices across North America, Europe, the Middle East, Asia and South America.  A&M has expertise across all major industry sectors and extensive functional capabilities in nearly all primary areas of a business enterprise including, among others, operations, revenue enhancement, sales and marketing, manufacturing, IT, finance, working capital management, supply chain and logistics, real estate, human capital management, merger integration and carve-out support.

Contact
Eric Slimmer
Chief Development Officer
eric.slimmer@novumortho.com
(405) 923-1296

A&M CAPITAL PARTNERS | 07.08.22

GS Foods Group Acquires Graves Foods – Expanding Operations in the Midwest

New acquisition enhances presence in Midwest region and Strengthens operations for the future

GS Foods, a world class foodservice distributor owned by affiliates of Highview Capital and A&M Capital Partners(“AMCP”), today announced its acquisition of Graves Foods, a leading foodservice distributor headquartered in Jefferson City, Missouri.    

With more than 50 years of industry experience, GS Foods encompasses a family of specialized companies that provides trusted food distribution and product solutions nationwide. The acquisition of Graves follows GS Foods’ recent acquisition of C&C produce, headquartered in Kansas City, and the opening of their Wright City, Missouri distribution center.

“Integrating Graves Foods into the GS Foods’ family solidifies our role as a leading operator in the Midwest region”, said Sean Leer, CEO, GS Foods. “Together, we bring over 100 years of experience to the table for customers. We are excited to incorporate the Graves family into our leadership team knowing they share our commitment to providing the highest-quality products and best service in the industry.”

Founded in 1947, Graves Foods has established itself as a dependable source of foodservice products and services in the Midwest, serving Missouri, Oklahoma, Kansas, Arkansas, Iowa, and Illinois. Building on decades of experience, Graves provides products and services to diverse sectors including healthcare, education, restaurants, convenience, and hospitality.

“After many years of growth and expansion, Graves Foods is excited to reach another key milestone – integrating with a leading national food distributor that shares our company values,” said Dick Graves. “As a family-founded business, we, along with our experienced and valuable team, take great pride in feeding the Midwest in a friendly and responsible way as any family would. GS Foods shares this philosophy and today’s combination will not only enhance our commitment to customers but strengthen our operations for the future.”

As part of the acquisition, the Graves family leadership team will join GS Foods and collaborate closely with the team going forward. Both companies expect a seamless transition for both employees and customers.

About GS Foods Group
GS Foods Group is a leading specialized food distributor primarily serving the K-12 schools and corrections markets, and was created through the merger of Gold Star Foods and Good Source Solutions. GS Foods tailors its sales and marketing programs to ensure that more K-12 school students and other customers have access to healthy and cost-effective meals each day. The combined company has a national footprint with substantial market presence across the United States, serving over 8,000 customers nationwide.

About A&M Capital Partners
A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $2.9 billion. A&M Capital Partners has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.  A&M Capital Partners invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.

About Alvarez & Marsal Capital
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.2 billion in assets under management across six funds and four investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. Alvarez & Marsal Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making Alvarez & Marsal Capital an attractive partner to management teams and business owners.  Alvarez & Marsal Capital is headquartered in Greenwich, CT with offices in Los Angeles, CA and London, England. For more information, visit www.pulsecreative-clients.com/staging/amcp.

Contact
Ale Amesquita
Director of Business Development, A&M Capital Partners
ale@a-mcapital.com
424.354.5238

A&M CAPITAL PARTNERS | 07.08.22

TekPartners, a P2P Company, and Genuent Announce Merger to Become INSPYR Solutions, a Leading Professional Staffing and Solutions Provider

Boca Raton, Florida and Houston, Texas – TekPartners, a subsidiary of P2P Staffing Corporation (“P2P”), and Genuent Holdings, LLC (“Genuent”) announced today that the companies have merged to become INSPYR Solutions (“Company”). TekPartners and Genuent are each proven leaders in the technology staffing and solutions industry. The combination will allow INSPYR Solutions to better serve its customers through an increased breadth of service offerings, access to a broader talent pool and expanded geographic coverage.

INSPYR Solutions will operate in a manner that honors the legacy TekPartners and Genuent brands, built over many years of steadfast client service. The Company will continue to uphold its reputation for attracting and retaining top talent through a world-class culture, as well as providing a superior experience to both its clients and candidates.

The INSPYR Solutions platform is now one of the largest pure-play providers in the information technology staffing industry, placing thousands of highly specialized consultants across the United States. Going forward, INSPYR Solutions will provide its technology staffing services and professional services solutions through a combined 11 branch locations across six states. The Company serves customers across a variety of end markets, including technology, transportation, consumer, healthcare, financial services and energy.

Coinciding with the merger, Genuent received a majority investment from A&M Capital Partners (“AMCP”), which acquired the business from Achieve Partners. AMCP previously acquired a majority interest in P2P from its founders in December 2021.

Jay Bevilacqua, formerly the CEO of TekPartners, will serve as CEO of INSPYR Solutions. Mr. Bevilacqua commented, “Merging TekPartners and Genuent is an exciting and logical next step in the evolution of our brands for a number of reasons. As INSPYR Solutions, we will be able to unlock tremendous synergy to better serve our clients and consultants. With a strong nationwide footprint and an infusion of capital from A&M Capital Partners, INSPYR Solutions has the resources and reach to make an enormous impact on the industry. Our new name reflects our team’s drive to become a force of inspiration and leadership in the staffing and professional services arenas.”

Kip Wright, formerly the CEO of Genuent, will serve as Executive Chairman of the Board of INSPYR Solutions. Mr. Wright commented, “We are extremely excited to join forces with the TekPartners team and create a new powerhouse in IT staffing and related solutions. These two companies exhibit a remarkable alignment from a cultural and values perspective, as well as enormous synergy in our approach to client and consultant service that will serve us well as a combined force.”

“We are thrilled to bring together two industry-leading players in TekPartners and Genuent. INSPYR Solutions represents an attractive platform in the technology staffing and solutions market,” said Michael Odrich, Managing Partner & Founder of AMCP.

“We are extremely excited to partner with the experienced leadership team at INSPYR Solutions as they begin a new chapter in the Company’s history,” added Alex Nivelle, a Partner of AMCP. “We see significant opportunity to continue to expand the platform across additional geographies, new end markets, and evolving skill sets. Both businesses’ proven results and track records of success position INSPYR Solutions to continue to grow organically and through accretive acquisitions.”

For more information, please visit www.inspyrsolutions.com.

About TekPartners, a P2P Company
TekPartners has been a trusted and proven technology solutions firm since its founding in 2002. As an information technology partner, it offers its clients proven talent through IT Staffing, Professional Services, and Infrastructure Solutions divisions. TekPartners understands and values the unique needs of the industry and always strives to stay above the curve. The company was founded on the following core values: Be the Best, Understand the Urgency, Never Ever Give Up, Have the Courage to Excel, and Make a Contribution. The Company takes pride in its business model and strives to create a positive workplace environment through an exemplary culture. TekPartners is headquartered in Boca Raton, FL.

About Genuent
Genuent is a leading technology staffing firm that delivers highly-skilled information technology professionals and workforce solutions to help its clients solve complex technology and business challenges. Through strong, long-lasting relationships with both its consultants and clients, Genuent is an element of change in the world of work. Genuent services clients nationally across the entire technology spectrum, connecting top technology talent with clients to provide responsive, collaborative support. Genuent was founded in 2006 and is headquartered in Houston, Texas.

About A&M Capital Partners
A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $2.9 billion. A&M Capital Partners has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.  A&M Capital Partners invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.

About Alvarez & Marsal Capital
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.2 billion in assets under management across six funds and four investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. Alvarez & Marsal Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making Alvarez & Marsal Capital an attractive partner to management teams and business owners.  Alvarez & Marsal Capital is headquartered in Greenwich, CT with offices in Los Angeles, CA and London, England. For more information, visit www.pulsecreative-clients.com/staging/amcp.

Contact
Milgrim Bello
Sr. Director of Strategic Marketing, INSPYR Solutions
mbello@tekpartners.com
954.607.1238

Ale Amesquita
Director of Business Development, A&M Capital Partners
ale@a-mcapital.com
424.354.5238

A&M CAPITAL PARTNERS | 07.08.22

The Arcticom Group Announces the Acquisition of Tomco Mechanical Corporation, Expanding the Company’s Footprint to the East Coast and Further Strengthening its Presence in the HVACR Market

Walnut Creek, CA – The Arcticom Group (“Arcticom” or the “Company”), a leading provider of mission-critical mechanical services primarily focused on commercial refrigeration and HVAC systems, backed by A&M Capital Partners (“AMCP”), announced its acquisition of Tomco Mechanical Corporation (“Tomco”).  Based in Westbury, NY, Tomco is a leading provider of commercial refrigeration and HVAC services, providing support for customers throughout the New York Tri-state region.

Tomco Mechanical has a leading reputation for providing refrigeration and HVAC repair, maintenance, installation, and remodeling services to a customer base of regional and national grocers and other commercial customers in New York, New Jersey and Connecticut. Tomco was founded in 1972 by Tony and Tina Martinelli and is currently led by their son, John Martinelli. Tomco’s senior management team will remain with the Company with John Martinelli continuing to serve as Tomco’s President and retaining a meaningful ownership stake in the combined business.

Jim Pape, CEO of Arcticom, stated, “We are incredibly excited to partner with John Martinelli and the Tomco team to expand our North American footprint and deliver complementary best-in-class services to our national and regional customers. This business combination establishes a scaled presence for Arcticom on the East Coast and enables us to more effectively serve our national customer accounts across multiple geographies.”

“Partnering with Arcticom is a tremendous opportunity for Tomco as we look to accelerate growth and further strengthen our value proposition for our customers,” said John Martinelli, President of Tomco. “Arcticom shares the same culture, values, and strategic vision that we have at Tomco and which we believe provides a great platform for our family owned and operated business.”

David Perskie, a Partner of AMCP, said “We are thrilled to welcome the Tomco team to the Arcticom family and look forward to supporting the Company in its next phase of growth.  Tomco was a priority target for Arcticom for a variety of reasons, and we believe its completion is a key step in accomplishing our longer-term objectives.”

About The Arcticom Group
Through its network of HVACR companies, The Arcticom Group provides a wide variety of commercial and industrial refrigeration and HVAC services, including: preventative maintenance, repair, installation, renovation, new systems engineering and design, energy optimization, and refrigerant management programs. For more information, please visit www.arcticomgroup.com.

About Tomco Mechanical Corporation
Tomco Mechanical is a leading provider of commerical refrigeration and HVAC services in the New York Metro market. Founded in 1972 and based in Westbury, NY, Tomco provides services to a diverse base of grocery, municipal and education clients in the Tri-state region. region. For more information, please visit www.tomcomechanical.com. 

About A&M Capital Partners
A&M Capital Partners (“AMCP”) is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of approximately $2.9 billion. AMCP partners with founders, corporates and management teams, providing the capital and strategic assistance that we believe is required to take businesses to the next level of success. More broadly, Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.2 billion in total assets under management across four investment strategies, which maintains a strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world.  More information is available at www.pulsecreative-clients.com/staging/amcp.

A&M CAPITAL PARTNERS | 05.10.22

Med-Metrix Announces the Acquisition of PatientPal, Bolstering the Company’s Front-End RCM Software and Service Solutions

PARSIPPANY, N.J. – PRNewswire – Med-Metrix, LLC (“Med-Metrix”, or the “Company”), a leading provider of technology-enabled, Revenue Cycle Management (“RCM”) solutions, backed by A&M Capital Partners (“AMCP”), announced it has acquired PatientPal, Inc. (“PatientPal”). PatientPal is a provider of patient engagement, front-end RCM software solutions, including patient scheduling, price estimation, eligibility verification, prior authorization and payment solutions. PatientPal’s proprietary front-end RCM software further improves Med-Metrix’s patient intake technology and service capabilities. Financial terms of the transaction were not disclosed.

PatientPal will continue to serve over 40 customers in 35 states across a diversified mix of healthcare providers. The acquisition augments Med-Metrix’s Robotic Process Automation (“RPA”) capabilities as PatientPal’s software interacts with Electronic Medical Record (“EMR”) systems, allowing for the automation of traditional front desk responsibilities. PatientPal was founded in 2017 and is based in Boston, MA.

“This strategic transaction exemplifies our commitment to providing our current and prospective healthcare customers with differentiated, RCM technology,” said, Joseph Davi, Founder and CEO of Med-Metrix. “We believe Adam and Ben have built a great company with a fantastic technology platform.  We look forward to integrating PatientPal’s software to provide a unique patient engagement experience for healthcare providers and their patients,” said Rob Wright, President of Med-Metrix.

“Med-Metrix and PatientPal have a shared vision of leveraging technology solutions to remove administrative burdens from providers, while improving their patient’s experience and optimizing outcomes,” said Adam Vartikar, CEO & Co-Founder and Benjamin Hutchins, CTO & Co-Founder of PatientPal.

“We are excited to welcome the PatientPal team to Med-Metrix.  AMCP looks forward to supporting Med-Metrix’s current trajectory, including continued organic growth and additional M&A opportunities,” said Rob Haisch, a Partner of AMCP.

Under Med-Metrix, PatientPal will be rebranded within the Med-Metrix AnalytX suite of proprietary software products.

About Med-Metrix 
Med-Metrix is a leading technology-enabled services platform providing RCM and Business Intelligence solutions for health systems and physician groups across the United States. Med-Metrix provides RCM and BI services via the Company’s proprietary software platform, AnalytX. The Company serves its customers through its Med-Metrix LLC, Medi-Centrix LLC, Physician Advisor On-Call, LLC, Miller & Milone, and ARMCO Partners divisions. More information is available at www.med-metrix.com.

About PatientPal
PatientPal automates and standardizes a contactless experience for practitioners and patients. From scheduling appointments all the way to final payment, PatientPal’s front-end RCM technology solutions optimize all aspects of the patient experience. PatientPal’s solutions also include eligibility verification, price estimation, prior authorization, medical record access, surveys and reviews.

About A&M Capital Partners
A&M Capital Partners (“AMCP”) is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of approximately $2.7 billion. AMCP partners with founders, corporates and management teams, providing the capital and strategic assistance that we believe is required to take businesses to the next level of success. More broadly, Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.1 billion in total assets under management across four investment strategies, which maintains a strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world.  More information is available at www.pulsecreative-clients.com/staging/amcp.

SOURCE Med-Metrix

A&M CAPITAL PARTNERS | 04.07.22

Worldwise, a Leading Pet Supplies Platform, Acquires Pet Factory, a leading Pet Chew and Treat Business

A&M Capital Partners-Backed Worldwise Builds Out Chew and Treat Category and Grows its Family of Branded Pet Products Through its Third Strategic Acquisition in Four Months

Novato, CA – PRNewswire — Worldwise, Inc. (“Worldwise” or the “Company”), a leading pet supplies platform and a portfolio company of A&M Capital Partners (“AMCP”), a middle-market private equity investment fund that is part of the A&M Capital platform, together with A&M Capital Opportunities Fund, an affiliated fund, has acquired Pet Factory, an innovative leader in the pet chews, treats, toys, and accessories segments. Worldwise has now completed three successful M&A transactions in the last four months, expanding its portfolio to include six complementary brands across several attractive product categories, including pet chews and treats, toys, litter accessories, pet bedding and more.

“We are a different business today than we were six months ago, thanks to the continued success of our M&A strategy in bolstering the Worldwise platform with innovative brands, products and production capabilities that meet the highest standards of both quality and safety,” said Kevin Fick, CEO of Worldwise. “With this acquisition, Worldwise gains a leader in the chew and treat space with strategic domestic manufacturing capabilities and strong customer relationships. The entire Worldwise team is thrilled to welcome Pet Factory to the family and to add their exceptional team to our platform. We also want to thank Tom Miller and Marco Corsi, who have been tremendous leaders of the business. We look forward to continuing and growing their legacy.”

Founded in 1989 and headquartered in Mundelein, Illinois, Pet Factory is a leading U.S. producer of high-quality pet chews and treats, and offers premium branded products for dogs through four core brands:

• CareChewz:  a 100% collagen, healthy, long-lasting, and safe daily chew.
• Twistedz:  a combo chew featuring a ‘twist’ of real chicken and/or beef meat around a beefhide chew.
• Real Chewz:  a 100% all-natural, oven-baked chew.
• Combo Wrap Chewz: a handmade chew that combines traditional rawhide, porkhide, and real meat jerky.

Pet Factory also offers a range of popular dog and cat toys alongside other pet accessories, and has strategically positioned domestic product development and manufacturing capabilities to serve a diverse range of co-manufacturing partner pet chew and treat brands. Following the transaction, Greg Hill will continue to serve as President of Pet Factory while also becoming a senior member of Worldwise’s management team. In these capacities he will continue to grow the Pet Factory brands, serve its strong customer base, and contribute to the broader Worldwise platform.  

“For us, this deal was all about partnership,” said Hill. “After building Pet Factory into the household name and category leader it is today, our vision for the future centered around identifying the right partners that could take our brands and business to the next level. We believe Worldwise and A&M Capital offer enhanced resources and meaningful opportunities to leverage our multi-faceted manufacturing capabilities, enabling us to fuel our future growth and better-serve our customers. Perhaps more importantly, they both share our values and vision for the future. We are excited to join the Worldwise team, to be integrated into a world-class platform, and to start the new chapter of Pet Factory.”

Since partnering in September 2021, Worldwise and AMCP have worked closely to execute the Company’s M&A strategy. In addition to Pet Factory, this strategy has also produced the successful acquisitions of FurHaven Pet Products, an e-commerce leader in the pet industry, as well as Kitty Sift, a leader in the highly consumable cat litter and accessories segments.

“When we acquired Worldwise, our goal was to grow the Company into a premiere platform in pet products, treats, and chews, with a broad portfolio of brands that resonate with pet owners,” said Ryan McCarthy, Partner at AMCP. “In a short six months, Worldwise’s winning platform and approach has already attracted some of the top brands and sellers in the industry. We have closed several strategic acquisitions that have more than doubled the Company’s revenues, the number of brands in our portfolio, and importantly, the number of innovative product offerings for our customers. We believe our domestic production capabilities, global vendor network, omni-channel distribution platform, and diversified customer base are all compelling differentiators for those looking to become part of a larger platform, and we look forward to continuing to add complementary and accretive businesses to the Worldwise family.”

Kirkland and Ellis provided legal counsel to AMCP and Worldwise. Peakstone served as financial advisor to Pet Factory, and SFBBG provided legal counsel to Pet Factory.

For more information about Worldwise, please visit www.worldwise.com. 

About Worldwise, Inc.
Worldwise, Inc. is committed to creating the most innovative, accessible, affordable, and environmentally-responsible product solutions for pets and pet parents everywhere. Our family of award-winning brands—goDog®, Petlinks®, SHERPA®, Hear Doggy!®, SmartyKat®, TrustyPup®, Guaranteed On-Board®, PoochPlanet®, Pawscout™, FurHaven® and more—all stand for the highest in quality, safety and satisfaction, all while incorporating environmentally-responsible materials and processes whenever possible. Backed by child safety standards and our satisfaction guarantee, our thoughtful, fun, and eco-sustainable products promote the bond between pets and pet parents across diverse categories such as cat toys, catnip, cat bedding, cat scratchers, dog toys, dog bedding, dog and cat travel accessories, app-integrated dog and cat tracking solutions, and more. For more information, please visit www.worldwise.com.

About Pet Factory
Founded in 1989, Pet Factory is an innovative manufacturer and distributor of American-made pet chews, treats, toys, and accessories. Based just outside of Chicago in Mundelein, Illinois, the company is the market leader in quality collagen and beefhide chews, as well as other premium chew and treat products for dogs, offered through four core brands: CareChewz, Twistedz, Real Chewz, and Combo Wrap Chewz. The company also offers a range of popular dog and cat toys alongside other pet accessories, as well as a full suite of production capabilities for private label customers.

About A&M Capital Partners
A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of approximately $2.5 billion. AMCP partners with founders, corporates and management teams, providing the capital and strategic assistance that we believe is required to take businesses to the next level of success. AMCP invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services. More broadly, Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3.8 billion in total assets under management across four investment strategies, which maintains a strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world.

CONTACT
Gaffney Bennett PR
Worldwise@gbpr.co

SOURCE Worldwise, Inc.

A&M CAPITAL PARTNERS | 04.05.22

Med-Metrix Announces the Acquisition of ARMCO Partners, Enhancing the Company’s End-To-End Revenue Cycle Management Software and Service Capabilities

PARSIPPANY, N.J. – PRNewswire – Med-Metrix, LLC (“Med-Metrix”, or the “Company”), a leading provider of technology-enabled, Revenue Cycle Management (“RCM”) solutions, backed by A&M Capital Partners (“AMCP”), announced it has acquired ARMCO Partners, LLC (“ARMCO”). ARMCO is a leading provider of high-quality coding and forensic medical billing services to healthcare providers across the spectrum of care. The addition of ARMCO further enhances Med-Metrix’s end-to-end suite of RCM software and service capabilities. Financial terms of the transaction were not disclosed.

ARMCO will continue to serve over 100 health systems at over 500 location sites, including hospitals, emergency care centers, physician practices, ambulatory care centers, clinics, and outpatient surgery centers among others. The acquisition by Med-Metrix also affords synergy for ARMCO’s growth while maintaining ARMCO’s standards of the highest quality. ARMCO was founded in 2013 and is based in Atlanta, GA with offices in Manila, Philippines.

Joseph Davi, Founder and CEO of Med-Metrix, stated, “We are thrilled about the combination with ARMCO and integrating its leading coding and forensic accounts receivable solutions into our existing portfolio of technology-enabled offerings. We believe the combined Company will be better positioned to meet the growing RCM needs of our healthcare provider clients as well as expand our market presence.”

“ARMCO is excited to join forces with Med-Metrix. We believe this combination represents the next chapter in our mission to deliver best-in-class RCM solutions to the healthcare community,” says Jeff McQuillan, Founder and CEO of ARMCO.

“We are pleased that Med-Metrix is combining with Jeff McQuillan and the ARMCO team. We are extremely impressed with the ARMCO business and the Company Jeff has built. AMCP looks forward to supporting Med-Metrix’s current trajectory, including organic growth and additional M&A opportunities,” said Rob Haisch, a Partner of AMCP.

Med-Metrix was advised by VRA Partners LLC and Sills Cummis & Gross P.C. on the transaction.

About Med-Metrix
Med-Metrix is a leading technology-enabled services platform providing RCM and Business Intelligence solutions for health systems and physician groups across the United States. Med-Metrix provides RCM and BI services via the Company’s proprietary software platform, AnalytX. The Company serves its customers through its Med-Metrix LLC, Medi-Centrix LLC, Physician Advisor On-Call, LLC and Miller & Milone divisions. More information is available at www.med-metrix.com.

About ARMCO Partners
ARMCO Partners, LLC provides several lines of service to meet the needs of its healthcare customers. The company offers forensic billing, clinical abstracting, remote CDI, coding and billing for hospital and physician practices. More information is available at www.armcopartners.com.

About A&M Capital Partners
A&M Capital Partners (“AMCP”) is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of approximately $2.5 billion. AMCP partners with founders, corporates and management teams, providing the capital and strategic assistance that we believe is required to take businesses to the next level of success. More broadly, Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3.8 billion in total assets under management across four investment strategies, which maintains a strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world. More information is available at www.pulsecreative-clients.com/staging/amcp.

SOURCE Med-Metrix

A&M CAPITAL PARTNERS | 01.25.22

A&M Capital Partners-Backed Worldwise Announces Acquisition of Kitty Sift

Innovative Cat Accessories Business Joins Worldwise, a Leading Platform Focused on Pet Supplies and Pet Essentials

Novato, CA – January 25, 2022 – A&M Capital Partners (“AMCP”), a middle-market private equity investment fund that is part of the A&M Capital platform, together with A&M Capital Opportunities Fund, an affiliated fund, today announced that Worldwise, an AMCP portfolio company, has acquired Kitty Sift (“Kitty Sift”), an innovative leader in the highly consumable cat litter and accessories segment.  After the close of the transaction, Kitty Sift will operate under the Worldwise platform, which was acquired by AMCP in September 2021.

Headquartered in Eden Prairie, Minnesota, Kitty Sift is a branded leader in the North American eco-sustainable cat litter and accessories space, providing creative supply chain solutions to both eCommerce-centric businesses and omni-channel brick and mortar retailers.  Kitty Sift’s patented eco-friendly, no-scoop disposable litter box has been recognized by the Pet Business Industry Recognition Awards and the Pet Care Innovation Network in 2021 as one of the most innovative pet care products in the industry.  

Worldwise, headquartered in Novato, CA, is one of the leading platforms in the pet supplies market.  Worldwise offers retailers a complete, branded one-stop-shop solution that serves the majority of pet supply merchandising needs and provides high-quality, thoughtful, fun, and eco-sustainable products that address both the joys and challenges of pet parenthood.  Serving a wide range of categories such as cat toys, pet bedding, dog toys, cat scratchers, and travel accessories, Worldwise’s growing roster of leading award-winning brands include SmartyKat®, TrustyPup®, Petlinks®, goDog®, SHERPA™, Guaranteed On-Board™, FurHaven®, PoochPlanet®, and Pawscout™.  Founded in 1990, Worldwise leverages deep industry experience, strong retailer relationships and significant amounts of consumer data to help create quality products inspired by design, innovation and value.

Worldwise’s acquisition of Kitty Sift further enhances its omni-channel presence, adding innovative cat accessories to an already robust product portfolio of toys, pet beds, chews, cat products, travel accessories and other key categories. The addition of Kitty Sift marks Worldwise’s second acquisition in the last month, adding complementary product, as well as brand and management resources, to the platform.

Following the close of the transaction, Kitty Sift’s Founder and CEO, Carrie Van Wert will join Worldwise and its management team. In her new role as Director of Cat Litter & Accessories New Product Development, Ms. Van Wert will focus on the growth and management of the broader cat litter and accessories category.

“We believe that Carrie and her team have done a fantastic job innovating in cat litter and accessories while emphasizing sustainability,” said Ryan McCarthy, Partner at AMCP.  “We’re incredibly pleased to bring Carrie and her team under the Worldwise platform to bolster our offerings and lend AMCP’s deep expertise in the pet industry. This is Worldwise’s second acquisition in the last month, demonstrating our focus on continuing to add complementary businesses, products and brands to the Worldwise platform.”

“I created Kitty Sift to address an unmet demand in the pet care market and have successfully grown our business by focusing on providing eco-friendly products to Cat Parents,” said Mrs. Van Wert. “The Kitty Sift team and I are thrilled to be joining Worldwise as we believe they have the vision and infrastructure to help us reach our full potential in the marketplace. We feel the combined platform is well-positioned for continued success as it continues to provide a broad offering of innovative pet solutions across multiple channels.”

“We believe that the addition of Kitty Sift to the Worldwise platform is exciting news for our team and Cat Parents everywhere,” added Mr. Fick. “This marks what we believe to be an important step in our journey to build out the Worldwise platform of brands and develop even more highly innovative, high-quality products across the cat litter and accessories segment. Worldwise is focused on being a leader in innovative cat products and providing our customers and consumers with new products to address their needs. In partnership with AMCP, we look forward to further growing our platform, reach and offerings and continuing to meet our customers’ needs wherever they are looking to purchase our products.”

Calfee, Halter and Griswald LLP provided legal counsel to AMCP.  

About Kitty Sift
Headquartered in Eden Prairie, MN, Kitty Sift is a leading North America eco-sustainable cat litter & accessories innovator providing creative supply chain solutions to both eCommerce-centric businesses and omni-channel brick and mortar retailers. For more information, please visit https://kittysift.com.

About Worldwise, Inc.
Worldwise, Inc. is committed to creating the most innovative, accessible, affordable, and environmentally-responsible product-solutions for pets and pet-parents everywhere. Our family of award-winning brands – goDog®, Petlinks®, SHERPA®, Hear Doggy!®, SmartyKat®, TrustyPup®, Guaranteed On-Board®, PoochPlanet®, Pawscout™, FurHaven® and more – all stand for the highest in quality, safety and satisfaction, and incorporate environmentally-responsible materials and processes whenever possible. Adhering to meet child safety standards and backed by our satisfaction guarantee, our thoughtful, fun and eco-sustainable products promote the bond between pets and pet-parents across diverse categories such as cat toys, catnip, cat bedding, cat scratchers, dog toys, dog bedding, dog and cat travel accessories, app-integrated dog and cat tracking solutions, and more. For more information, please visit http://www.worldwise.com.

About A&M Capital Partners
A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of approximately $2.5 billion. AMCP partners with founders, corporates and management teams, providing the capital and strategic assistance that we believe is required to take businesses to the next level of success. AMCP invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services. More broadly, Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3.8 billion in total assets under management across four investment strategies, which maintains a strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world.  

Media Contacts
A&M Capital Partners
Sard Verbinnen & Co
Alyssa Lorenzo / Suzanne Byowitz
310-201-2040 / AMCP-SVC@SARDVERB.com

Worldwise
Propel Communications
Erin Terjesen
602-625-2871 / ERIN@PROPELCOMMUNICATIONS.COM

A&M CAPITAL PARTNERS | 01.24.22

A&M Capital Partners Acquires Majority Interest in The Arcticom Group

Walnut Creek, CA – The Arcticom Group (“Arcticom”), a leading provider of mission-critical mechanical services primarily focused on commercial refrigeration and HVAC systems, announced that it has sold a majority interest to A&M Capital Partners (“AMCP”), a middle-market private equity firm with a strategic association with Alvarez & Marsal and a strong track record in the facility services industry. As part of the transaction, the senior management team led by Chief Executive Officer Jim Pape will remain with the company.

Arcticom is a leading provider of mechanical services for mission-critical refrigeration and HVAC systems serving commercial clients in expanding markets throughout North America. The Company has 900 full-time employees, including over 600 trained/certified technicians experienced in all phases of mechanical services. Arcticom services a large installed base across the full lifecycle of equipment, offering maintenance and repair services, system upgrade / retrofit solutions, and new system installation services.  Based in Walnut Creek, CA, Arcticom serves its clients from regional offices throughout California, Washington, Oregon, Idaho, Alaska, Arizona, Colorado, Texas, and Western Canada. The Company services a diversified customer base of grocery and other commercial clients across 17 states and provinces.

“We are excited to partner with the management team to acquire a majority interest in Arcticom, a market leader with a well-earned reputation for providing best-in-class services to the company’s long-tenured clients,” said Jack McCarthy Jr., Managing Partner and Co-Founder of Alvarez & Marsal Capital. “Arcticom has experienced strong growth since inception, and we look forward to working with the management team to continue that success.”

“Our team has methodically sought to find the right platform in the mechanical services sector for several years, and we are thrilled to have partnered with the Arcticom team to support their next phase of growth,” said David Perskie, a Partner at AMCP.  “This transaction builds on A&M Capital’s deep history of investing in mission-critical, recession-resilient and market-leading businesses, particularly those that exist in highly-fragmented sectors which provide an opportunity to enhance geographic and end market presence as well as customer reach and service offerings through accretive acquisitions.”

“We are incredibly excited to partner with AMCP to continue to build on the strong results we have achieved to date,” said Arcticom CEO Jim Pape.  “A&M Capital shares the same culture, values and strategic vision that we have at Arcticom, and brings significant operational and financial resources that help will us execute our strategic growth initiatives while continuing to deliver the same best-in-class services to our customers.”

William Blair and DLA Piper advised Arcticom on the transaction. Kirkland & Ellis provided legal counsel to AMCP.

Arcticom is actively seeking add-ons:

• Focus: Commercial HVAC and refrigeration (“HVAC-R”) services
• Specific Interest In: Service-based companies working with both Applied and Unitary HVAC and Refrigeration systems focused on commercial and industrial end markets
• Add-On EBITDA: $1-20 million
• Geography: North America

About A&M Capital Partners
A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $2.5 billion. A&M Capital Partners has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success. A&M Capital Partners invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.

About Alvarez & Marsal Capital
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3.8 billion in assets under management across six funds and four investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. Alvarez & Marsal Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making Alvarez & Marsal Capital an attractive partner to management teams and business owners. Alvarez & Marsal Capital is headquartered in Greenwich, CT with offices in Los Angeles, CA and London, England. For more information, visit www.pulsecreative-clients.com/staging/amcp.