SAN FRANCISCO and NEW YORK, Feb. 19 /PRNewswire/ -- Paine & Partners, LLC, the San Francisco and New York-based private equity firm, today announced the sale of Byram Healthcare Centers, Inc. ("Byram"), a leading provider of disposable medical supplies to patients in their homes, to OPG Groep N.V. ("OPG"). Terms of the transaction were not disclosed.
W. Dexter Paine, III, a founding partner of Paine & Partners, said, "We are pleased to have been part of Byram's growth and success. As one of the leaders in its industry with over one million customers, Byram is well-known nationally for reliable and accurate service, an expansive product inventory, and a comprehensive billing and reporting system. The sale of Byram to OPG Groep is the culmination of the efforts of many people who made Byram what it is today and we wish the talented executive team and employees of Byram all the best as they enter the next chapter of their success."
Byram has been majority-owned since 1999 by a fund currently managed by a Paine & Partners' affiliate. The transaction is subject to normal closing conditions and is expected to close within 45 days.
About Paine & Partners
Paine & Partners, LLC provides equity capital for management buyouts, going private transactions, and company expansion and growth programs. Paine & Partners engages exclusively in friendly transactions developed in cooperation with a company's management, board of directors, and shareholders. For further information see http://www.painepartners.com.
|SOURCE Paine & Partners, LLC|
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