A&M CAPITAL PARTNERS | 03.28.23

Sixth Texas-Based Practice Joins the United Musculoskeletal Partners Platform

Strategic Partnership with Orthopedic Associates Increases UMP-Texas Footprint to Six Practices and 29 Locations

Atlanta, GA – United Musculoskeletal Partners (UMP), a national leader in musculoskeletal care delivery, announced today a strategic partnership with Dallas-Fort Worth-based Orthopedic Associates. With almost 50 years serving patients in the metroplex, Orthopedic Associates has two clinic locations – Orthopedics Associates Flower Mound and Orthopedics Associates Northlake and a surgical facility in Flower Mound. The practice, which was founded in 1976, has 11 physicians.

Orthopedic Associates is the third Texas-based practice to join the UMP platform in 2023 and the sixth Texas-based practice overall. UMP recently announced partnerships with All-Star Orthopaedics and OrthoTexas. Other Texas-based practices on the UMP platform include Abilene Sports Medicine and Orthopedics, Arlington Orthopedic Associates and North Texas Orthopedics & Spine Center. With the addition of this sixth practice, UMP grows to 29 locations, 80 physicians and 126 providers in Texas, offering world-class orthopedic care in the Dallas-Fort Worth area.

“We are excited to welcome Orthopedic Associates to the UMP platform” said Alex Bateman, UMP CEO. “Our mission is to build the best orthopedic platform in the country that delivers outstanding patient care and is driven by innovation. Orthopedic Associates has an outstanding track record as a physician-owned practice offering comprehensive, best-in-class orthopedic care, and we look forward to working with their talented team.”

“Patients in Texas have trusted Orthopedic Associates with their orthopedic care for almost 50 years and their doctors and staff have become part of the fabric of the communities they serve,” said Brian Cormican, CEO of the Texas market for UMP. “They are exactly the type of patient-focused practice we look for to join our platform and I look forward to working with their outstanding leadership and the entire team.”

“The UMP platform has a proven record of successful medical partnerships and offers our practice the opportunity to be laser-focused on patient care while the UMP experts handle operational functions and planning” said Dr. Manuj Singhal, M.D. of Orthopedic Associates. “We are thrilled to connect with fellow physician-led orthopedic practices on the platform and to work with the UMP leadership team to advance the future of orthopedic care for our patients and our practice.”

“Joining the UMP platform is the next step in our evolution as a practice,” said Dr. Ian Wilkofsky, M.D. of Orthopedic Associates. “Our physicians and staff are active members of our communities, and are dedicated to providing the very best orthopedic care in the region. UMP offers unique resources that will enhance the patient experience even further and help us continue to grow. We look forward to working with the UMP team.”

About United Musculoskeletal Partners

United Musculoskeletal Partners (UMP) was formed in December 2021 by Resurgens Orthopaedics, one of the nation’s largest orthopedic practices. UMP partners 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. www.umpartners.com

About Orthopedic Associates

Orthopedic Associates (OA) was founded in 1976. With locations in Flower Mound and Northlake, OA provides comprehensive musculoskeletal care, including surgical and non-surgical treatment, imaging, physical therapy, bracing, biologics and outpatient procedures. All 11 OA surgeons are fellowship-trained in at least one orthopedic sub-specialty including adult reconstruction, elbow and shoulder surgery, foot and ankle, hand surgery, orthopedic trauma, spine surgery and sports medicine. OA physicians are partners in Texas Health Orthopedic Surgery Center, which was ranked as a top orthopedic surgery center in the country by Newsweek in 2022. OA is a trusted member of the communities it serves and provides sports coverage to local high schools and the University of North Texas. www.orthopedicassociates.org

A&M CAPITAL PARTNERS | 03.07.23

Brian Cormican Joins United Musculoskeletal Partners as CEO of the Texas Market

Atlanta, GA – Brian Cormican has joined United Musculoskeletal Partners (UMP), a national leader in musculoskeletal care delivery, as CEO of the Texas market. Cormican comes to UMP with an extensive background in executive healthcare in the Texas metroplex, including roles at Paragon Healthcare, Inc. and Davita Healthcare Partners. In his new role, Cormican is responsible for leading UMP’s vibrant and growing Texas orthopedic network, and bringing the UMP promise to life by creating partnerships and programs that promote exceptional patient care. UMP’s Texas region currently includes five practices, 27 locations, 69 physicians and 110 providers.

“We are excited that Brian has joined the UMP team to lead our growing presence in the Texas market” said Alex Bateman, CEO of UMP. “He has vast knowledge and experience in the Dallas Fort-Worth area as well as the broader Texas market and a track record of partnering with doctors to create exceptional patient experiences and help them grow their businesses. We look forward to tapping into his expertise and welcome him to the team.”

“UMP already has a stellar line-up of orthopedic practices in the Metroplex with talented physicians, surgeons and staff who are helping patients get back on their feet every day” said Cormican. “I am honored and excited to join UMP at this early stage to support our physicians and patients and help ensure that Texans in all corners of the state have access to the very best orthopedic care.”

Cormican joins UMP from Paragon Healthcare, Inc., where he was COO and responsible for all business operations across 60+ locations and 1,100 team members. Before that, he headed up U.S. operations as President of Hygieacare, a startup healthcare service provider. He spent six years at Davita Healthcare Partners in operations and development roles. Before moving into healthcare, Cormican worked in sales and marketing at Banyan Ventures and Chapman Innovations. He has a Master’s of Business Innovation from the Dartmouth Tuck School of Business and a Bachelor of Science in Business Management from Brigham Young University.

About United Musculoskeletal Partners

United Musculoskeletal Partners (UMP) was formed in December 2021 by Resurgens Orthopaedics, one of the nation’s largest orthopedic practices. UMP partners 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. www.umpartners.com

Contact:
Jennifer Greene
Illuminate-Communications
Jennifer.greene205@gmail.com
770-361-2014

A&M CAPITAL PARTNERS | 02.09.23

United Musculoskeletal Partners Announces Strategic Partnership With Two Multi-Location Orthopedic Practices In Dallas-Fort Worth

UMP Grows to 372 Total Providers Across Three States

ATLANTA – United Musculoskeletal Partners (UMP) announced today a strategic partnership with two Dallas-Fort Worth-based orthopedic practices. All-Star Orthopaedics, with four clinic locations, and OrthoTexas Physicians and Surgeons, PLLC (OrthoTexas), with five clinic locations and one surgery center, have joined the UMP platform. They join Texas-based UMP practices Arlington Orthopedic Associates, North Texas Orthopedics & Spine Center and Abilene Sports Medicine and Orthopedics to create a leading orthopedic platform offering world-class orthopedic care in the Dallas-Fort Worth area. These new practices bring UMP to 223 physicians and 372 providers across Texas, Georgia and Colorado and further establish UMP as a national leader in musculoskeletal care delivery.

“We are thrilled to welcome All-Star Orthopaedics and OrthoTexas to the UMP platform,” said Alex Bateman, CEO of UMP. “It is our goal to build the premier musculoskeletal enterprise in the country by joining forces with like-minded physician-owned and led orthopedic practices that share our commitment to putting the patient first and to growing through innovation and synergy. These two new additions to our platform strengthen that commitment and we look forward to working with them and with patients in all corners of the Dallas-Fort Worth area.”

“With these two new practices joining UMP, we now have 69 physicians and 110 providers practicing at 27 locations around the Metroplex,” said Brian Cormican, CEO of the UMP-Texas market. “That means that more patients in the area have access to the very best orthopedic care in the southwest close to home.”

“The quality of physicians already under the UMP umbrella is unmatched nationally and their commitment to delivering quality, cost-effective orthopedic care perfectly aligns with the way we approach our practice,” said Dr. Keith Heier, of OrthoTexas. “That commitment to patients coupled with a visionary management team with their eye on the future makes this move one that will benefit our patients as well as our practice.”

“All-Star Orthopaedics is excited to join United Musculoskeletal Partners,” said Dr. Mark Greenberg of All-Star Orthopaedics. “UMP has assembled an outstanding group of orthopedic surgeons in the North Texas region and has built an impressive national footprint of musculoskeletal providers. This partnership will allow our surgeons to focus on what we do best: providing the highest quality care to our loyal patients. It will also support growth and innovation, which will benefit our patients now and in the future.”

About United Musculoskeletal Partners

United Musculoskeletal Partners (UMP) was formed in December 2021 by Resurgens Orthopaedics, one of the nation’s largest orthopedic practices. 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. www.umpartners.com

About All-Star Orthopaedics

For over 25 years, All-Star Orthopaedics has provided comprehensive orthopaedic care to patients in the Dallas-Fort Worth area. Having undergone extensive training in their respective specialties, the board-certified surgeons have become known for their advanced expertise in areas such as foot and ankle surgery, upper extremity care, spinal and neck surgery, joint replacement, and sports medicine. They are considered leaders in orthopedic care and are highly rated for providing exceptional patient care. The All-Star Orthopaedics team is committed to improving patients’ overall quality of life by finding the most beneficial treatment options based on their unique needs and lifestyle. www.allstarortho.com.

About OrthoTexas

OrthoTexas is a premier orthopedic center in North Texas. With locations in Carrollton, Frisco, Plano and Denton, their team of 13 physicians and surgeons is focused on delivering comprehensive and compassionate care for the full spectrum of musculoskeletal injuries and conditions. OrthoTexas has fellowship-trained specialists in Sports Medicine, Foot and Ankle, Hand and Wrist, Shoulder and Elbow, Joint Replacement, Spine, and Physical Medicine and Rehabilitation. Additionally, they have a team of Physical and Occupational therapists to provide a multi-disciplinary approach for their patients. Both surgical and non-surgical providers are focused on providing excellent, outcomes-based care. www.OrthoTexas.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 $3.0 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 $4.35 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.

A&M CAPITAL PARTNERS | 12.05.22

Pet Network International Acquires Zoo Group Stefanov and Zvjerinjak

Pet Network International (“PNI” or the “Company”), a portfolio company of A&M Capital Europe (“AMCE”), a London-based middle-market private equity firm with €650 million of assets under management, has acquired Zoo Group Stefanov (“ZGS”) and Zvjerinjak, two prominent omnichannel pet care retailers based in Bulgaria and Croatia, respectively.

Founded in 2009, ZGS has a leading position in the attractive and high growth Bulgarian pet care market, trading under the Dr. Stefanov banner, which is widely recognised across Bulgaria for its outstanding product selection and customer service. ZGS operates 29 stores across Bulgaria and a highly successful ecommerce platform. PNI will combine its current operations in Bulgaria, including 5 stores, with ZGS, and will consolidate the store estate under the Dr. Stefanov banner and focus on its continued omnichannel growth.

Founded in 2013, Zvjerinjak operates 6 stores in Zagreb and will substantially bolster PNI’s presence in Croatia’s capital city through the addition of several sites with established customer bases and limited overlap with the existing PNI store estate. Zvjerinjak stores will be converted to PNI’s Pet Centar banner.

Following the closing of PNI in September 2021, these acquisitions strengthen the Company’s position as a leading omnichannel pet care retailer across all of its five markets in Southeast Europe.

AMCE and PNI were advised by Wolf Theiss, Savoric & Partners and Dickson Minto as legal advisers, and Deloitte as accounting and tax adviser.

About PNI

Headquartered in Croatia, PNI is a leading omnichannel pet care retailer across five countries in Southeast Europe. PNI operates over 200 directly owned stores as well as eCommerce platforms in Romania, Croatia, Slovenia, Serbia and Bulgaria, under the banners Animax, Pet Centar, Maxi Pet, Mr. Pet and Dr. Stefanov, selling pet food, treats, accessories as well as a growing offering of value-add services such as grooming and veterinary advisory services.

About A&M Capital Europe

AMCE is a pan-European, London-headquartered, middle-market private equity firm specialising in providing strategic and operational support to growing European businesses. AMCE Fund I currently has €650 million of assets under management, and Zvjerinjak and ZGS represent AMCE’s twelfth and thirteenth transactions respectively. More broadly, AMCE is part of Alvarez & Marsal Capital, 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. For additional information, please visit A&M Capital’s website atwww.a-mcapital.com.

A&M CAPITAL PARTNERS | 11.11.22

Carton Pack Acquires Ondapack

Carton Pack, a portfolio company of A&M Capital Europe (“AMCE”), a London-based middle-market private equity firm with €650 million of assets under management, has agreed to acquire Ondapack (the “Company”), an Italian paper, carton board and corrugated packaging producer from its founding family.

Founded in 1956, Ondapack primarily serves the fruit & vegetable end-market, as well as other food and industry segments. The Company employs ~70 people. Carton Pack has a long-standing commercial relationship with Ondapack and its founders, the Morgese family. The Company will continue to be led by its management team, including CEO Antonella Morgese.

The acquisition further enhances Carton Pack’s footprint in sustainable fibre-based products while expanding into new end-markets and is consistent with Carton Pack’s strategy to become a leading European food packaging specialist with a multi-material product offering. The transaction is Carton Pack’s first add-on acquisition since AMCE acquired a majority stake in the company in April 2022.

AMCE and Carton Pack were advised by Chiomenti and Weil, Gotshal & Manges as legal advisers and KPMG as accounting and tax advisers.

About Carton Pack

Headquartered in Puglia, Italy, Carton Pack provides specialist multi-material packaging solutions for the fruit & vegetable and ready-to-eat markets across Europe. The Company employs ~400 people and operates from 3 production facilities and 17 warehouses across Italy and Spain.

About A&M Capital Europe

AMCE is a pan-European, London-headquartered, middle-market private equity firm specialising in providing strategic and operational support to growing European businesses. AMCE Fund I currently has €650 million of assets under management, and Ondapack represents AMCE’s eleventh transaction. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm with €4.3 billion in assets under management across four investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal, one of the world’s largest operationally focused advisory firms. For additional information, please visit A&M Capital’s website at www.a-mcapital.com.

A&M CAPITAL PARTNERS | 10.20.22

BrightPet Expands Frozen and Freeze-Dried Portfolio with Acquisition of Bravo! Pet Foods

A&M Capital Partners-backed BrightPet extends its reach in growing premium pet food category and adds an innovative and respected brand to its portfolio

Lisbon, Ohio-(BUSINESS WIRE)–BrightPet Nutrition Group (“BrightPet”), a leading marketer and manufacturer of premium and super-premium pet foods, treats and care products, has completed the strategic acquisition of Bravo! Pet Foods (“Bravo”), a pioneer in frozen raw and freeze-dried pet diets. The transaction by BrightPet, a portfolio company of A&M Capital Partners (“AMCP”), a middle-market private equity investment fund, is the second in two years, reflecting the company’s commitment to a M&A strategy that bolsters its branded portfolio while extending capabilities in high growth market segments.

BrightPet serves domestic and more than 30 international markets with branded, private label, and contract manufactured products. BrightPet operates a portfolio of widely recognized leading consumer brands, including Stewart®, Blackwood®, Adirondack®, By Nature®, Miracle Care® and Hamilton®, with holistic and natural solutions.

“The Bravo brand is widely known and has been respected for more than 20 years. We believe Bravo’s commitment to innovation, premium ingredients and the highest standard of manufacturing aligns well with BrightPet,” said Dave Kowal, CEO of BrightPet. “This acquisition supports our vision to be the most valued pet platform in the industry. By expanding our branded portfolio and strengthening our production capabilities, we expect to continue the growth trajectory BrightPet has established over the past few years.”

Founded by the Bogner family in 2002 in Manchester, Conn., Bravo was one of the first brands to manufacture and sell frozen raw and freeze-dried pet food, and is a leader in educating the industry and pet parents as to the health benefits of a raw diet. In addition to a range of treats, chews and supplements for dogs and cats, Bravo offers five meal solutions, including complete and balanced meals as well as customizable nutrition plans. Bravo products include:

• Bravo! Homestyle Complete: freeze-dried raw meals maximizing nutrition, flavor and texture,
• Bravo! Balance: frozen chubs and burgers, complete and balanced dinners containing essential nutrients,
• Bravo! Blends: a four-part, limited ingredient formula,
• Bravo! Basics: a medley of meat, bone and organ meat, and
• Bravo! Boneless: nothing but real meat or fish.

Melinda Miller, former CEO of Bravo, will join BrightPet as the Vice President of Bravo Brands. Melinda is a leading expert in nutrition, formulation and innovation, and she will help lead the integration of capabilities through the BrightPet portfolio.

“We could not be more excited for Bravo to join the BrightPet family of brands,” said Miller. “We believe BrightPet and AMCP immediately provide complementary resources, enabling the creation of new products for years to come. BrightPet’s commitment to innovation, quality, reliability, and safety provide an unmatched foundation to grow together.”

“When we acquired BrightPet, our goal was to grow the Company into a premier platform in pet food, treats, and care products, with a differentiated portfolio of meaningful brands and best-in-industry production capabilities,” said Ryan McCarthy, Partner at AMCP. “In the two years since our acquisition, BrightPet has achieved significant domestic and international growth in super-premium product categories and increased share in high-growth channels, including e-commerce. We have completed two strategic acquisitions and have more than doubled the Company’s revenues, the number of brands in our portfolio, and, most importantly, invested heavily in manufacturing capabilities to consistently deliver new and innovative product offerings. We believe our domestic production capabilities, growing portfolio of brands, and industry-leading innovation are compelling differentiators for those looking for a manufacturing partner or to become part of a larger platform. We look forward to continuing to add complementary and accretive businesses to the BrightPet family.”

Calfee, Halter & Griswold LLP provided legal counsel to AMCP and BrightPet.

For more information about BrightPet, please visit www.brightpetnutrition.com.

About BrightPet Nutrition Group

BrightPet Nutrition Group is a leading manufacturer and marketer of premium and super-premium pet foods, treats and care products. Serving the U.S. and more than 30 international markets with branded, private label and contract manufactured goods since 1978, BrightPet has pioneered both freeze-dried treats and slow-cooked, small-batch kibble. BrightPet operates a portfolio of leading holistic, natural and organic consumer brands, including Stewart®, Blackwood®, Adirondack®, By Nature®, Miracle Care®, Bravo® and Hamilton®. For more information about BrightPet, please visit www.brightpetnutrition.com.

About Bravo! Pet Foods

Founded in 2002, Bravo brings 20 years of knowledge and experience to the creation of species-appropriate, all-natural, fresh-frozen raw diets, freeze-dried diets and treats, and all natural chews. Bravo was a pioneer in establishing the raw diet and freeze-dried category within the pet industry. Guided by the principle of “Making Healthy Happen”, Bravo’s ultra high quality, meat-based, limited ingredient products are made in the USA using only ingredients that have been inspected and approved for human consumption. For the full story, visit www.BravoPetFoods.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 $3.0 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 $4.35 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.

Contacts
Alexis Moncrief
Fahlgren Mortine
alexis.moncrief@fahlgren.com
216-298-4626

A&M CAPITAL PARTNERS | 10.06.22

A&M Capital Opportunities is Pleased to Announce its Investment in Heartland Business Systems, a Leading Provider of IT Solutions

AMCO is pleased to announce its investment in Heartland Business Systems (“Heartland”), a leading provider of information technology services serving commercial, public sector, and small-to-medium sized businesses across the Midwestern US. The Company has over 600 full-time employees, including over 225 trained/certified engineers experienced. Heartland services a large base of over 2,800 customers by providing end-to-end customized technology solutions backed by a local team of highly skilled experts.

Based in Little Chute, WI, Heartland services its customers from 12 regional offices throughout Wisconsin, Minnesota, Nebraska, Illinois, Missouri, Arkansas and Arizona. In its next phase of growth, Heartland expects to pursue acquisition opportunities as it continues its expansion into new geographies, end markets and service offerings.

About Alvarez & Marsal Capital

Alvarez & Marsal Capital (“AMC”) is a multi-strategy private equity investment firm with over $4.35 billion in total assets under management across six funds and four 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 A&M Capital Opportunities

A&M Capital Opportunities (“AMCO”), with assets under management of $500 million, is AMC’s lower middle market growth strategy, focused on control, shared control, and structured minority equity investments in North America. AMCO partners with business owners and management teams to help recapitalize and grow businesses, leveraging deep operational capabilities and industry relationships to position them for accelerated long-term growth. We have significant experience with all types of transactions, including growth equity, growth buyouts, recapitalizations, and consolidations of fragmented sectors.

A&M CAPITAL PARTNERS | 09.06.22

Ayesa Agrees to Acquire Ibermática

Acquisition Will Nearly Double Revenue of Combined Group to Over €600 Million

Ayesa, a portfolio company of A&M Capital Europe (“AMCE”), has agreed to acquire Ibermática, a leading Spanish IT services company, from ProA Capital and the remaining minority shareholders, including ONCE and Kutxabank.

The transaction is expected to close before year-end, following approval by the relevant authorities. The terms of the transaction were not disclosed.

Founded in 1973, Ibermática (“IB”) is one of the leading IT services providers for large corporates in Spain and counts many IBEX 35 companies as clients. IB offers a wide-ranging portfolio of solutions spanning IT consultancy, cybersecurity, cloud computing and data analytics. At the end of 2021, IB had approximately 4,750 employees and revenue of €276 million.

Through this transaction, we believe Ayesa will be able to consolidate its position in the Spanish IT services market, becoming one of Spain’s foremost service providers. The combined group will employ over 11,000 professionals worldwide, generate more than €600m in revenue, and benefit from enhanced technological capabilities, broad and complimentary sector coverage, a deeper nationwide presence, and a reinforced international footprint.

Following the recent acquisitions of Byrne Looby in Ireland and M2C in Spain, IB constitutes Ayesa’s third add-on acquisition since AMCE’s majority investment in January 2022.

Arcano acted as financial advisor to AMCE and Ayesa, BCG as a commercial adviser, Alvarez & Marsal as an operational adviser, EY as an accounting adviser, Houlihan Lokey as a debt adviser, and Pérez-Llorca and Weil, Gotshal & Manges as legal advisers.

About Ayesa

Headquartered in Spain, Ayesa is a leading international provider of IT and engineering services with over 6,300 employees in 20 countries across Europe, Latin America, and Asia. The IT Services division provides an extensive portfolio of IT and digital transformation solutions, including software implementation and maintenance services, data management and analytics, cybersecurity and process automation, among others. The Engineering Services division provides infrastructure project management and design services primarily in the civil engineering market. In 2021, the group, led by CEO José Luis Manzanares Abásolo, recorded sales of €322 million.

About A&M Capital Europe (“AMCE”)

AMCE is a pan-European, London-headquartered, middle-market private equity firm specialising in providing strategic and operational support to growing European businesses. AMCE Fund I currently has €650 million of assets under management, and Ibermática represents AMCE’s eleventh transaction. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm with over €4.3 billion in assets under management across four investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal, one of the world’s largest operationally

A&M CAPITAL PARTNERS | 08.01.22

A&M Capital Opportunities Announces Sale of Crash Champions

GREENWICH, CT – Crash Champions, LLC (“Crash Champions” or the “Company”), a leading independent collision repair service providers and a portfolio company of A&M Capital Opportunities (“AMCO”), announced on August 1, 2022 that it successfully completed a sale of the business to Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), in which the Company simultaneously executed a strategic transaction with Service King Collision (“Service King”). Crash Champions’ management team and operating partners, alongside Clearlake, with a minority investment from A&M Capital Strategic Investments Fund, will lead the combined Company going forward. Following closing and integration, the Company will operate over 550 total locations across 35 states and the District of Columbia under the Crash Champions name and banner. Terms of the transaction, which is subject to customary closing conditions including regulatory clearances, were not disclosed.

Founded in 1999 by Matt Ebert, Crash Champions is a U.S. operator of over 200 collision repair facilities. Having expanded from a single storefront in Chicago into a present-day network of 20 states, each location is built on the Company’s founder and operator-led values, championing customer service and workplace satisfaction.

Since its founding in 1976, Service King has grown into one of the industry’s largest collision repair platforms with over 330 locations spanning 24 states. Today, Service King offers deep footprint coverage in many of the nation’s fastest growing MSAs, including Atlanta, Austin, Dallas, Houston, Las Vegas, Nashville, Phoenix, Salt Lake City, San Antonio, Seattle, and Washington, D.C. Partnering with Crash Champions will allow Service King to better serve its customers and carrier partners, while driving long-term value for employees, vendors, and investors.

“Today is an exciting day for Crash Champions and another major milestone in our growth story,” said Mr. Ebert, founder and CEO of Crash Champions. “This strategic combination further enhances our ability to serve our customers and insurance partners while creating advancement opportunities for our team members across both organizations.” Following the closing of this deal, the combined Company’s total workforce will exceed 9,200 team members. Crash Champions and Service King have highly complementary geographic footprints with limited overlap. “We remain committed to the operator-first mindset that has guided us throughout our history. This approach has enabled us to successfully integrate hundreds of shops and thousands of employees into one of the leading employers in the collision repair industry,” concluded Mr. Ebert.

AMCO acquired a majority interest in Crash Champions on July 31, 2019 and was attracted to the opportunity to utilize the firm’s expertise scaling and professionalizing high growth businesses. Crash Champions, as a leading Chicago-based collision repair chain, provided the opportunity to invest in a high growth MSO of collision repair centers that operated in a fragmented, but large and stable industry. Under AMCO’s three-year ownership, the firm supported the Company’s expansion from 8 original shops to over 200 shops across 20 states.

About Crash Champions

Crash Champions is a leading independent collision repair company operating over 200 state-of-the-art centers across 20 states—including: California, Colorado, Florida, Idaho, Illinois, Iowa, Kansas, Maryland, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, Pennsylvania, Ohio, Oregon, Washington, and Wisconsin—as well as Washington, DC. Founded in 1999 as a single shop outside Chicago by industry veteran and entrepreneur Matt Ebert, today Crash Champions is one of the fastest growing and largest founder-led and operated collision repair MSOs in America. For more information, visit www.crashchampions.com.

About A&M Capital Opportunities

AMCO, with assets under management of $500 million, is Alvarez & Marsal Capital’s lower-middle market growth strategy, focused on shared control and structured minority equity investments in North America. AMCO partners with business owners and management teams to help recapitalize and grow businesses, leveraging deep operational capabilities and industry relationships to position them for accelerated long-term growth. AMCO has significant experience with all types of transactions, including growth equity, growth buyouts, recapitalizations, and consolidations of fragmented sectors. More broadly, Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.4 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. For more information, visit https://www.a-mcapital.com/.

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.www.a-mcapital.com.