Transaction marks 22nd Acquisition for The Huron Fund II L.P.
DETROIT, April 24 /PRNewswire/ -- Huron Capital Partners announced today that its portfolio company Michigan Orthopedic Services ("MOS") has acquired Koch's Orthotic / Prosthetic Services, Inc. ("Koch's"). Terms of the transaction were not disclosed. The transaction was closed less than 4 months after Huron partnered with CEO Aziz Naser to recapitalize MOS. All of Koch's employees, including CEO Marcello Girao, will continue with the business.
Based in Ann Arbor, MI, Koch's fits and fabricates orthotic and prosthetic ("O&P") devices for patients with medical conditions which require such devices to physically support a particular portion of the body (orthopedic braces) or to replace the functionality of a limb which was amputated or had a congenital birth defect (prosthetic devices).
Chris Sheeren, a Partner at Huron, stated, "We had identified Koch's as an ideal fit with MOS prior to finalizing the recap. Koch's pediatric practice is extremely strong, and its three patient care locations will help MOS expand its presence in Southeast Michigan."
Aziz Naser, CEO of MOS, added, "We are excited about bringing Koch's into the MOS family. Marcello and his team are exceptional practitioners, and we look forward to growing our businesses together."
About Huron Capital Partners LLC
Huron Capital is a leading private equity firm investing in lower middle-market companies. The firm typically invests between $10 million and $50 million in equity to sponsor buyouts of well-positioned companies having revenues up to $200 million. Through its operational approach, Huron joins forces with strong management teams at niche manufacturing, specialty service, and value-added distribution companies that can be built through acquisition and organic growth.
Huron Capital manages over $600 million in equity through three private
equity funds. Since its founding in 1999,
|SOURCE Huron Capital Partners LLC|
Copyright©2008 PR Newswire.
All rights reserved