News2019-05-14T22:41:19-05:00

News & Recent Transactions

Justin Ishbia, Shore Capital Managing Partner, named to Vanderbilt Board of Trust

The Vanderbilt University Board of Trust elected seven new members at its April 30 meeting. Dr. Makeba Williams Boatwright, BS’98; Sean Connolly, BA’88; Jennifer R. Frist, BS’93; George Huber, BA’79; Justin Ishbia, JD’04; Robert M. Levy, BA’72; and Conner Searcy, BA’96, will serve five-year terms beginning July 1. In addition, Kenya Wright, BA’18, will begin her two-year term on the board as a Young Alumni Leader on July 1. “I am delighted to welcome our newest trustees, each of whom shares the board’s dedication to continuing to raise Vanderbilt’s profile as a global leader in teaching and discovery while [...]

Shore Capital Partners 2020 Highlights

As we cross the finish line of 2020 and look forward with optimism to 2021, we are humbled by the perseverance and accomplishments of so many friends, families, operating partners, and the roughly 15,000 team members of Shore portfolio companies. A few highlights from 2020 that we'd like to share: 1) Portfolio growth from 20 to 26 companies, as we welcomed the teams from Women's Health Group, Old World Spices and Seasonings, Northeast Health Services, Jaffe Sports Medicine, Tandem Family of Companies, Column Health, Together Women’s Health, and announced the sale of Florida Autism Center to BlueSprig Pediatrics. 2) [...]

Shore Capital Partners Announces Partnership With Innovative Packaging Company

CHICAGO & VANCOUVER, Wash.--(BUSINESS WIRE)--Shore Capital Partners (“Shore” or “Shore Capital”) is pleased to announce it has completed a partnership with Innovative Packaging Company (the “Company” or “IPC”), a custom packaging solutions provider based in Vancouver, Washington.Innovative Packaging Company was founded in 2012 by co-founders Jeremy and Matt Concannon as a full-service, value-add custom packaging distribution business. IPC’s core service offerings include packaging procurement, supply chain management, warehousing, and custom design services. The Company sells a diverse product mix including flexible packaging, fiber-based packaging, hardware, and labels into strong food and beverage end-markets.Jeremy Concannon, President of IPC, noted, “We are [...]

Shore Capital Partners Announces Founding of Together Women’s Health

Strategic Partnership with Eastside Gynecology Obstetrics and Comprehensive Woman’s Care Includes Seven Locations in Southeast Michigan February 11, 2021--CHICAGO--(BUSINESS WIRE)--Shore Capital Partners (“Shore”), a private equity firm, is pleased to announce it has founded Together Women’s Health (“TWH”), through the completion of a strategic partnership with Eastside Gynecology Obstetrics (“Eastside”) and Comprehensive Woman’s Care (“Comprehensive”). TWH provides women’s health practices with administrative support, allowing physicians to focus on delivering the highest quality of patient care. Eastside and Comprehensive are leading obstetrics and gynecology (“OB/GYN”) practices in the Detroit area, offering a full suite of services including mammography, lab, ultrasound imaging, [...]

Shore Capital Partners Invests in Tandem Family of Companies

Strategic Partnership with HR Technology and Solutions Leader Poised for Transformational Growth January 27, 2021 --CHICAGO--(BUSINESS WIRE)--Shore Capital Partners (“Shore”), a private equity firm focused on investments within the Healthcare and Food and Beverage industries, is pleased to announce an investment in the Tandem Family of Companies (“Tandem”). Tandem is a nationwide, full-service HR technology and solutions leader servicing small, mid-size, and enterprise companies. Tandem is currently comprised of four brands: Tandem HR, a professional employer organization (PEO) offering HR outsourcing solutions, two leaders in highly customized brokered benefits for groups and individuals, Benefit Solutions Group and Alliance Workplace Solutions, [...]

Shore Capital Partners Adds Justin Bentley to Lead Capital Markets

Private Equity Firm Makes Strategic Hire to Support Growth December 18, 2020 --CHICAGO--(BUSINESS WIRE)--Shore Capital Partners (“Shore”), a private equity firm focused on microcap investments within the Healthcare and Food and Beverage industries, is pleased to announce Justin Bentley has joined the firm as Head of Capital Markets. Justin is responsible for leading the firm’s capital markets efforts, including the financing activities of all new investments and portfolio companies, as well as developing and managing banking and intermediary relationships. "It is my pleasure to welcome Justin to Shore," said Justin Ishbia, Managing Partner. "His impressive track-record and deep understanding of [...]

Shore Capital Partners Announces Partnership with Old World Spices and Seasonings

November 19, 2020 06:30 AM Eastern Standard Time CHICAGO & OVERLAND PARK, Kan.--(BUSINESS WIRE)--Shore Capital Partners (“Shore” or “Shore Capital”) is pleased to announce it has completed a recapitalization of Old World Spices and Seasonings (the “Company” or “Old World”), a manufacturer of custom ingredient solutions based in Overland Park, Kansas. Founded in 1988 as Industrial Ingredient Sales, Inc. by John Jungk, Old World is a manufacturer of custom blended spices, seasonings, ingredients, dry food products, and sauces for the retail, foodservice, and industrial channels. Old World operates out of an SQF certified 78,000 sq. foot manufacturing facility in Concordia, [...]

Shore Capital Partners Announces Partnership with Women’s Health Group

CHICAGO--(BUSINESS WIRE)--Shore Capital Partners (“Shore”), a Chicago-based private equity firm, is pleased to announce it has entered into a strategic partnership with the Women’s Health Group (“WHG”). WHG, led by founder Dr. Stephen Volin, is a leading obstetrics and gynecology (“OB/GYN”) services provider with nine locations, including a midwifery practice, birthing center, surgery center and six clinical locations in Greater Denver. WHG is a leading practice in the Denver market, offering comprehensive medical and surgical OB/GYN services including in-office procedures, pelvic support treatment, and minimally invasive surgical techniques. Shore Capital is partnering with WHG’s six existing partner physicians, Dr. Stephen [...]

Shore Tops PitchBook Q3 2020 Global List of Most Active PE and VC Firms

PitchBook -- November 13, 2020 --  Ranking the busiest PE firms, VC firms and more of Q3 -- Shore Capital Partners lacks the financial firepower of private equity giants like KKR and The Carlyle Group. But during Q3, the Chicago-based investor was the busiest private equity firm in the world. It closed 48 deals between the start of July and the end of September, outpacing the second most active firm, KKR, by 45%. Full story here. PitchBook -- November 12, 2020 -- Q3 2020 Interactive Global League Tables  -- PitchBook's Q3 2020 Global League Tables in full are below, presented in [...]

Shore Capital Partners Announces Founding of Southern Sports Medicine Partners

Strategic Partnership with Southern Sports Medicine Partners Includes Four Locations in West Florida CHICAGO, IL, November 2, 2020 – Business Wire - Shore Capital Partners (“Shore”), a private equity firm, is pleased to announce it has founded Southern Sports Medicine Partners (“SSMP”), through the completion of a strategic partnership with Southern Sports Medicine Partners (“SSMP”). SSMP provides interventional pain management practices with administrative support, so physicians can focus on delivering the highest quality of patient care. SSMP, led by founder Dr. Peter Jaffe, provides patient-centric care at four locations in the Naples, FL area. Mike Cooper, a founding partner [...]

Shore Capital Partners Named to Inc.’s 2020 Private Equity 50 List

Commitment to Partnership Lands Spot in Annual Roundtop of Top Founder-Friendly Firms CHICAGO, IL, October 30, 2020 – Shore Capital Partners (“Shore”), a private equity firm focused on microcap investments within the Healthcare and Food and Beverage industries, is pleased to announce its recognition on Inc.’s annual Private Equity 50 list of the most Founder-friendly private equity firms. “Being recognized as a top choice for Founders is a proof point for our vision to be the premier microcap investor and first choice for entrepreneurs and executives seeking a growth partner," said Justin Ishbia, Managing Partner. "Our management philosophy is [...]

Shore Capital Partners Announces New Team Members

CHICAGO--(BUSINESS WIRE)--Shore Capital Partners (“Shore”), a private equity firm focused on microcap investments within the Healthcare and Food and Beverage industries, is pleased to announce three new senior additions to its Chicago team. These roles support Shore’s continued growth and strategy to provide operational expertise to portfolio companies. "It is my pleasure to welcome Alex, Ankeet and Riley to Shore," said Justin Ishbia, Managing Partner. "Each will play an important role in our vision to be the premier microcap investor. We look forward to their contributions and teamwork." Alex Nevill, Senior Associate. Prior to joining Shore, Mr. Nevill held a [...]

Shore Capital Partners announced sale of Florida Autism Center

March 4, 2020 – Shore Capital Partners (“Shore”), a Chicago-based private equity firm focused on microcap investments within the Healthcare and Food and Beverage industries, is pleased to announce the sale of its autism services portfolio company, Florida Autism Center / Fusion Autism Center (“FAC”), to BlueSprig Pediatrics (“BlueSprig”), a leading Houston, Texas based provider of autism services. Shore Capital partnered with FAC founder Chryssy Moor’s four locations in 2015 with a goal of building the leading autism services platform in the southeast. Led by Chief Executive Officer Kristy Rohwedder, the team at FAC has evolved from its entrepreneurial beginnings [...]

Shore Capital Partners Announces Partnership with Main Street Gourmet

September 19, 2019 ‐ Founded in 1987 by Steve Marks and Harvey Nelson, Main Street Gourmet is a custom wholesale bakery providing frozen baked goods, including muffins, cookies, granola, brownies and bars, and other sweet goods to retail in-store bakery (“ISB”) and specialty foodservice customers across the United States. MSG operates out of an SQF certified 68,000 sq. foot manufacturing facility with approximately 160 employees in Akron, OH, and has been an important part of the community for more than 30 years. Shore Capital is partnering with Mr. Marks and Mr. Nelson, the full MSG management team, and the previous [...]

Shore Capital Announces Formation of Southern Ear, Nose, Throat, and Allergy Partners

May 17, 2019 ‐ Shore Capital Partners (“Shore Capital” or “Shore”) is pleased to announce that it has formed Southern Ear, Nose, Throat and Allergy Partners (“SENTA”) and completed a strategic partnership with Northwest ENT and Allergy Center (“Northwest ENT” or the “Company”). Northwest ENT is a leading ear, nose and throat (“ENT”) and allergy services provider with seven locations including two affiliated ambulatory surgery centers in the Greater Atlanta, Georgia metro area. The Company offers comprehensive medical and surgical ENT and allergy services, including treatment for thyroid disorders, sinus conditions, ear pain, allergies, and throat disorders. Northwest ENT will continue to [...]

Shore Capital Announces Closing of HC Fund III and F&B Fund I

April 17, 2019 ‐ Shore Capital Partners (“Shore” or the “Firm”), a strategic private equity firm focused on the healthcare and food & beverage industries, announced the first and only closings of its third institutional healthcare private equity fund, Shore Capital Healthcare Partners Fund III (“HC Fund III”), and its inaugural food & beverage fund, Shore Capital Food & Beverage Partners Fund I (“F&B Fund I”). HC Fund III raised $293 million, while F&B Fund I raised $148 million. With these respective closings, Shore now manages a total committed capital base of more than $1 billion. HC Fund III surpassed its original [...]

Shore Capital Founder Justin Ishbia Featured in Mergers & Acquisitions Magazine

Congratulations to Justin Ishbia, founder and managing partner of Shore Capital, for being featured on the cover of Mergers & Acquisitions Magazine. See article below to learn more: https://www.themiddlemarket.com/news/private-equity-firms-are-investing-in-veterinarians-opthamologists-dentists-and-other-healthcare-practices "The winners in healthcare are those who adapt to the demands of consumers."  

Shore Capital Partners Closes On Veterinary Platform Investment

CHICAGO – November 1, 2017 – Shore Capital Partners (“Shore Capital” or “Shore”) is pleased to announce the recapitalization of Advanced Animal Hospital Group and Progressive Pet Animal Hospitals and merger of the respective businesses to form Midwest Veterinary Partners (“MVP” or the “Company”). The Company has 22 general practice veterinary clinics in Michigan, Wisconsin, and Illinois, and provides services to companion animals including vaccinations, surgery, wellness exams, oncology, ophthalmology, allergy treatment and dermatology. Financial terms of the transaction were not disclosed.Shore has partnered with Dr. Vic Dhillon, owner of Advanced Animal Hospital Group, and Dr. Jeff Rothstein, owner of [...]

Shore Capital Partners Invests In a Comprehensive Addiction Treatment Platform

CHICAGO – November 2017 – Shore Capital Partners (“Shore Capital” or “Shore”) is pleased to announce the recapitalization of BrightView, LLC (“BrightView” or the “Company”). Headquartered in Cincinnati, the Company currently has 4 locations in Ohio and provides psychological, social and medical services, including medication assisted treatment, to individuals suffering from addiction. Financial terms of the transaction were not disclosed. Shore has partnered with BrightView to increase access to effective comprehensive addiction treatment throughout Ohio and the surrounding states. Chad Smith, Chief Executive Officer (CEO), co-founded the Company in 2014 and has successfully led and grown the business, opening centers [...]

Navia Benefit Solutions Announces Partnership with Shore Capital Partners

Renton, WA – November 2017 – Navia Benefit Solutions, Inc. is pleased to announce that it has formed a growth partnership with Shore Capital Partners, a Chicago-based private equity firm focused on the healthcare industry.  Founded in 1989, Navia is a leading third-party administrator (“TPA”) of consumer directed health benefit solutions serving clients nationwide. Shore partnered with Hilarie Aitken and Matt Aitken who have led Navia through a period of tremendous growth since taking an active leadership role in 2003 following the passing of their father, Stan Aitken.  Under the name Flex-Plan Services, Inc., Brothers Stan and Jim Aitken founded Navia in [...]

Shore Capital Partners and EyeSouth Partners Expand Through Affiliation with Georgia Retina

ATLANTA, GA, August 2, 2017 – Shore Capital Partners ("Shore Capital"), a leading lower middle market healthcare private equity firm, is pleased to announce its portfolio company EyeSouth Partners (“EyeSouth” or the “Company”) has completed a strategic partnership with Georgia Retina, one of the largest retina medical practices in the Southeast. “Our primary aim at Georgia Retina has always been to deliver exceptional medical and surgical retinal care combined with an outstanding patient experience,” said Dr. Michael Jacobson, who along with Dr. Scott Lampert founded Georgia Retina in 1994. “To further and build upon this mission in the rapidly changing healthcare [...]

Shore Capital Closes Recap of Behavioral Innovations

June 5, 2017 ‐ Shore Capital Partners (“Shore Capital” or “Shore”) is pleased to announce that it has completed a recapitalization of Behavioral Innovations (“BI” or the “Company”) and formed SCP Behavioral Innovations HoldCo, LLC. Behavioral Innovations provides center-based and in-home applied behavior analysis therapy (“ABA”), speech therapy (“SLP”) and occupational therapy (“OT”) services to children ages birth through 18 with autism spectrum disorder and other related developmental disabilities. In addition, BI offers adult services in community-based treatment settings. Behavioral Innovations has 13 centers in central and northern Texas and in-home services in the Oklahoma City, OK area. Shore has partnered with [...]

Shore Capital Partners Announces Acquisition of Spine Assets from Cook Medical

May 10, 2017 ‐ Shore Capital Partners, LLC (“Shore Capital” or “Shore”) is pleased to announce that IZI Medical Products, LLC (“IZI Medical” or “IZI”), its interventional products platform, has acquired the vertebroplasty family of products from Cook Medical (“Cook”).  The acquired portfolio of products are commercially marketed under the highly regarded Duro-Ject® Osteo-Site®, Osteo-Force® and Vertefix® brands, consisting of needles, injectors and cements.  These products are used in the growing market for treating vertebral compression fractures through a minimally invasive procedure. “Cook has done an excellent job establishing these products as reliable, high-quality solutions for treating vertebral compression fractures and [...]

Shore Capital Partners Announces Closing of Fund II with $190 Million in Commitments

April 4, 2017 ‐ Shore Capital Partners (“Shore” or the “Firm”), a strategic private equity firm focused exclusively on the healthcare industry, today announced the first and final close of its second institutional private equity fund, Shore Capital Partners Fund II (“Fund II”), at the hard cap of $190 million. Fund II, raised in less than three months, surpassed its original target of $150 million and was substantially oversubscribed with investor demand approaching $750 million. Fund II will continue the successful investment strategy employed by the Firm’s predecessor fund and invest primarily in control buyouts, focusing on microcap healthcare businesses. With Fund [...]

Shore Capital Partners announced formation of EyeSouth Partners, completes affiliation with Georgia Eye Partners

March 14, 2017 – Shore Capital Partners (“Shore Capital” or “Shore”) is pleased to announce that it has formed EyeSouth Partners, LLC and completed a strategic partnership with Georgia Eye Partners (“Georgia Eye” or the “Company”). Founded in 1999 by Dr. Eugene Gabianelli, Georgia Eye is a leading eye care practice with four locations in the Atlanta, Georgia area. The Company offers medical and surgical specialty eye care services, including treatment for cataracts, corneal disease, refractive surgery, glaucoma, and oculoplastics through OPAL Aesthetics. Shore Capital is proud to partner with Georgia Eye’s three partner physicians, Dr. Eugene Gabianelli (“Gino”), Dr. Andrew Feinberg [...]