SAN MATEO, Calif.–(BUSINESS WIRE)–Anacapa Partners, a leading private equity firm focused on acquisitions
in the lower middle market, today announced the sale of Krueger-Gilbert
Health Physics, LLC (KGHP), a leading diagnostic medical physics
provider, to Blue Sea Capital LLC. Financial terms of the transaction
were not disclosed.
Founded in 1987 and headquartered in Towson, Maryland, KGHP is a
market-leading, full-service, comprehensive diagnostic medical and
health physics consulting group. KGHP’s client-focused team of
physicists provides critical compliance services to some of the most
progressive hospitals, imaging networks, private practices and research
facilities nationwide. Anacapa invested in KGHP in 2014.
“It has been gratifying to see the growth of Krueger-Gilbert Health
Physics over the past five years,” said Jeff Stevens, Founder and
Managing Partner, Anacapa Partners. “KGHP was an ideal fit for our
search fund model of partnering with entrepreneurs to acquire and grow
promising operating companies. It has been a pleasure working with the
talented professionals at KGHP and we wish them much continued success
with Blue Sea Capital.”
“Anacapa’s mentorship, with its focus on people and relationships, has
been pivotal in the evolution of KGHP,” said Michael Curry, Jr., Chief
Executive Officer, Krueger-Gilbert Health Physics. “Their decades of
operating experience, their strategic guidance, and their patience, have
proven valuables assets that we believe have firmly positioned KGHP for
continued growth.”
“During Anacapa’s ownership, we doubled the number of physicists on
staff and expanded our geographic coverage to become a leading partner
to healthcare providers in the Mid-Atlantic region,” said Keith N.
Burns, President, Krueger-Gilbert Health Physics. “We thank Jeff and the
Anacapa team for their belief in our mission, their confidence in our
team, and for a partnership that has been truly beneficial for Anacapa,
KGHP, our clients, and all those with whom we partner.”
Anacapa seeks to invest in profitable businesses with predictable,
stable and recurring revenue and with the potential for continued
meaningful growth. Founded in 2010, Anacapa has raised $120 million
across its three funds and invested in 45 businesses.
Piper Jaffray served as financial advisor and Goodwin served as legal
advisor to Krueger-Gilbert Health Physics in connection with the sale.
About Anacapa Partners
Anacapa Partners is a private equity
fund with a strategic focus of investing in operating companies that
have been identified by principals operating within the search fund
business model. We take a proactive role with search fund entrepreneurs
in all phases of the investment process, including business screening,
due diligence, negotiation of deal structure, operating oversight, and
exploration of exit strategies. Over the past eight years, Anacapa has
invested in 125 individuals/partnerships looking to acquire a nano-cap
company, and has made 45 investments in operating companies acquired
through the search fund approach. Anacapa partners with entrepreneurs
identified through two channels – top tier MBA programs and special
operations forces in the United States military. Founded in 2010,
Anacapa is headquartered in San Mateo, California. For additional
information, please visit www.anacapapartners.com
About Krueger-Gilbert Health Physics
Founded in 1987 and
headquartered in Towson, Maryland, Krueger-Gilbert Health Physics (www.kruegergilbert.com)
is a market-leading, full-service, comprehensive diagnostic medical and
health physics consulting group. KGHP’s client-focused team of
physicists provides critical compliance services to some of the most
progressive hospitals, imaging networks, private practices and research
facilities nationwide.
Contacts
Philip Nunes
BackBay Communications
617.391.0792
[email protected]
