News, Recent Transactions, and Investment Announcements

Shore Capital Partners Welcomes Brad Morehead as Partner, Head of Business Services Fund

September 16, 2021

CHICAGO--(BUSINESS WIRE)--Shore Capital Partners, (“Shore” or “the firm”), a strategic private equity firm focused on microcap investing in the healthcare, food and beverage, business services and real estate industries, with offices in Chicago and Nashville, today announced Brad Morehead has joined the firm as partner and head of the firm’s business services fund.

In his role, Morehead will continue the firm’s strategy to deploy industry-focused funds. He is responsible for partnering with business services entrepreneurs and companies with $1M to $10M in EBITDA to drive transformational growth. Morehead will lead partnerships and transactions, including investment sourcing and valuation, transaction structuring and corporate development. Within business services, the team will initially target pest control, managed service providers, outsourced retirement/benefits services, distribution/logistics, fire and life safety services, insurance brokerage and distribution businesses, pool maintenance services, environmental/disaster remediation and services, and RIAs.

“It is my pleasure to welcome Brad to the Shore team,” said Justin Ishbia, Managing Partner. “Brad’s impressive track record and deep understanding of business services will be a key driver of our growth. His entrepreneurial and leadership background, paired with his passion for partnering with founders, is center of the target for our firm strategy to support great small businesses with oversized investment, operational and network resources to de-risk the investment and accelerate success. We look forward to all Brad will accomplish adding to our current portfolio of 27 companies, encompassing 17,000 employees.”

“I am thrilled to join the Shore team to lead the firm’s business services efforts,” said Morehead. “Shore provides more than just capital to small businesses; we are a true partner to business owners and roll up our sleeves. Shore has a history of helping microcap companies become regional and national powerhouses. I am excited to partner with entrepreneurs to grow their businesses and wealth to the next level by supporting companies with the people, capital, tools, technology, recruiting and operations resources of a Fortune 500 company.”

Prior to joining Shore, Morehead was the CEO of Assembly Health, a tech-enabled Management Services Organization focused on clinicians and facilities providing geriatric and post-acute care. Prior to Assembly, Morehead served as CEO of LiveWatch, where he and his team built LiveWatch into one of the fastest growing security companies in the country before successfully exiting the business. Prior to LiveWatch, Morehead was CFO of Feldco Factory Direct, the Midwest’s leading home renewal company.

Morehead previously worked for Friedman Fleischer & Lowe, a San Francisco-based private equity firm, and in investment banking with Goldman Sachs (New York) and Donaldson, Lufkin & Jenrette (Chicago). He serves on the board, has been a founding investor or was on the start-up team for a variety of other companies in industries from financial services to consumer products. Morehead serves on the boards of Point C, Assembly Health, Tandem HR, Sidekick, RecordConnect and MHW. In addition, he is an adjunct entrepreneurship professor and faculty member for the past ten years at Kellogg School of Management and Northwestern University

Shore Capital Business Services Partners Fund I (“BS Fund I”) is focused on making control equity investments in B2B and B2C companies providing IT and technology-enabled services, compliance and risk management, environmental and waste services, facility and field services, financial and payment services, distribution and logistics services, and professional services. The BS Fund I surpassed its original target of $150 million and raised $213 million from the firm’s existing investors, plus select new limited partners.

About Shore Capital Partners

Shore Capital, a Chicago-based private equity firm with offices in Nashville, is focused on microcap investments within the Healthcare, Food and Beverage, Business Services, and Real Estate industries. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value for shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic growth and growth through industry consolidation. Shore has $2 billion of equity capital under management through various investment vehicles. For more information, please visit: www.shorecp.com.

Shore Capital Partners Announces Several Senior-Level Promotions and New Hires on Investment Team

September 2, 2021

CHICAGO--(BUSINESS WIRE)--Shore Capital Partners (“Shore”), a strategic private equity firm focused on microcap investing in the healthcare, food and beverage, business services and real estate industries, with offices in Chicago and Nashville, today announced four new hires and ten promotions at the senior level on its rapidly-growing investment team. These moves support Shore’s continued growth and recent closings of Shore Capital Healthcare Partners Fund IV ($366 million) and Shore Capital Business Services Partners Fund I ($213 million). Shore now manages a total committed capital base of $2 billion.

“Recognizing and attracting top talent is a critical part of our vision to be the premier microcap investor and first choice for entrepreneurs and executives seeking a growth partner,” said Justin Ishbia, Managing Partner. “I want to acknowledge all of our team members who contributed to Shore’s record deal volume in 2020 and recognition by Inc. Magazine as a Top Founder-Friendly Firm. To keep that momentum and to support our recent fund closings, we promoted several talented individuals and welcomed new members to the Shore team who are already making an impact as investors and strategic partners to our portfolio companies.”

Shore is proud to recognize the following senior-level investment team promotions.

  • Promoted to Principal, Business Services: Rory Kenny, Mickey Jiang and Matt Sweeney. As Principals, Kenny, Jiang and Sweeney will source, evaluate and enable the growth of investments, with a focus on making control equity investments in B2B and B2C companies providing IT and technology-enabled services, compliance and risk management, environmental and waste services, facility and field services, financial and payment services, distribution and logistics services and professional services.
  • Promoted to Principal, Food & Beverage: Tom Smithburg, Jeff Smith and Jeff Smart. As Principals, they will source, evaluate and enable the growth of investments, with a focus on making control equity investments in branded products, distribution, co-manufacturing and private label, packaging, related consumer goods and B2B services.
  • Promoted to Vice President, Healthcare: Jon Tomberlin, Mike Oleferchik, Alex Nevill and Ankeet Patel. In their new roles, Tomberlin, Oleferchik, Nevill and Patel will be responsible for conducting due diligence on new investment opportunities and implementing value creation initiatives within portfolio investments in the healthcare industry.

In addition, Shore welcomes the following new team members.

  • Vice Presidents: Matt Brown, Logan Pitts, Adam Pegram and Matt Matosian. As Vice Presidents focused on healthcare, Brown, Pitts and Pegram will source, evaluate and enable the growth of Shore’s investments. Brown is a recent graduate of Darden School of Business at the University of Virginia, and Pitts is a graduate of University of Michigan Ross School of Business. Pegram previously served as the Chief Financial Officer of Navia Benefit Solutions, a realized Shore investment. Matosian, a recent graduate of The University of Chicago Booth School of Business, will manage similar responsibilities for Shore’s food and beverage investments.

About Shore Capital Partners

Shore Capital, a Chicago-based private equity firm with offices in Nashville, is focused on microcap investments within the Healthcare, Food and Beverage, Business Services and Real Estate industries. Shore supports management partners with capital, business development expertise and industry knowledge to accelerate growth, fund acquisitions and generate value for shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow and significant growth potential, including organic growth and growth through industry consolidation. Shore has $2 billion of equity capital under management through various investment vehicles. For more information, please visit: www.shorecp.com.

Shore Capital Partners raises $360 million health care fund, moving Nashville office to Broadwest

August 31, 2021

NASHVILLE--(NASHVILLE BUSINESS JOURNAL)--With nearly 30 portfolio companies, many in states like Alabama, Texas, Georgia and Florida, Shore Capital Partners Managing Partner Justin Ishbia knows the Southeast — and he knows where he’s putting his money.

“We have a huge Southeast focus … but we believe Nashville to be the capital of the Southeast,” Ishbia said. “We believe Nashville to be an extreme hotbed for health care talent and we want to double down and invest in that market.”

Shore has plenty of money to invest, having recently closed three new funds worth more than $700 million, including a more than $360 million health care fund, Ishbia said.

Part of that fund, which is Shore’s fourth dedicated to health care, will go toward launching a new Nashville health care company in the coming weeks.

Founded in 2009, the Chicago-based private equity firm has also raised a new $215 million business services fund and a $110 million real estate fund, giving Shore more than $2 billion of capital under management. The firm has 27 portfolio companies across the U.S. employing approximately 17,700 people.

Shore, which has about 16 local employees today, launched its Nashville office in 2019 with six people, including serial Nashville entrepreneur Michael Burcham. Since then the firm has invested in Nashville-based Southern Orthodontic Partners and is set to move into a new office inside the recently constructed Broadwest development on West End Avenue.

Ishbia said the new office is another example of Shore’s commitment to Music City. He said the firm has started an executive leadership program led by Burcham, in which orthodontists and other portfolio company executives from around the country travel to Nashville for leadership and business education, something many medical professionals don’t have when they open a practice.

The new health care company Shore plans to headquarter in Nashville will be similar to Southern Orthodontic, Ishbia said, in that he expects it to grow quickly over the next two to three years. While Ishbia couldn’t disclose much about the new venture because it is under letter of intent, he said company does have a CEO, who recently moved to Nashville.

As for the rest of the $360 million fund, Ishbia said Shore will continue its strategy of looking for small companies to which it can provide back office and strategic support to help them grow into large companies. The firm typically makes $10 million to $40 million initial majority investments in companies with less than $100 million of revenue.

He said Shore is particularly interested in the mental health, opioid addiction and veterinary space and how telehealth can help those sectors scale.

A “meaningful” portion of the health care fund will be Nashville investments, Ishbia said.

“In private equity, people invest in different ways. We’re not trying to find the next bio tech company that will create Moderna. That’s not what we do. We’re investing in stable businesses, often times still owned by the founder, looking to go from a local player to a regional player. That’s our sweet spot,” Ishbia said. “This playbook [is] bringing really experienced executives to relatively smaller business in very attractive markets. Anyone having a beer can go, ‘I see why mental health is becoming more important in the next decade.’ We aren’t rocket scientists to figure that out. … It’s the resources we’re bringing to these companies that makes the difference.”

As for Shore’s future in Nashville, there is a reason the firm is moving to a larger office.

“It’s more people,” Ishbia said. “Between Nashville and other growing cities … people want to live in this area. That’s why we are putting more and more resources into the Southeast, particularly Nashville. By the year 2040, I bet on Nashville being the capital of the Southeast.”

Shore Capital Partners Total Assets Under Management (AUM) Surpasses $2 Billion

July 15, 2021

Firm Announces Nearly $700 Million Closing of Healthcare Fund IV, Business Services Fund I, and  Real Estate Fund I; will continue to focus on microcap investing

CHICAGO, July 15, 2021 ‐ Shore Capital Partners (“Shore” or the “Firm”), a strategic private equity firm focused on microcap investing in the healthcare, food and beverage, business services, and real estate industries, with offices in Chicago and Nashville, announced the first and only closings of its fourth institutional healthcare private equity fund, Shore Capital Healthcare Partners Fund IV (“HC Fund IV”), its first business services fund, Shore Capital Business Services Partners Fund I (“BS Fund I”), and its first real estate fund, Shore Capital Real Estate Partners Fund I (“RE Fund I”). HC Fund IV raised $366 million, BS Fund I raised $213 million, and RE Fund I raised $107 million. With these respective closings totaling $686 million, Shore now manages a total committed capital base of $2 billion.

“We are thankful and appreciative of the response these funds received from a highly-distinguished group of investors,” said Justin Ishbia, Founder and Managing Partner of Shore Capital Partners. “Our limited partners appreciate our commitment to microcap investing and our ability to bring company founders and entrepreneurs the capital, business development expertise, and industry knowledge to drive transformational growth.”

“The microcap market continues to be underserved, which we are changing. Our playbook supports founders and entrepreneurs with oversized resources from our operations and investment teams,” added Ishbia. Following this strategy, Shore’s 2020 accolades include Inc. Magazine recognition as a Top 50 Founder Friendly private equity firm and ranking as Pitchbook’s most active private equity firm in the world.

Shore Capital Healthcare Partners Fund IV surpassed its original target of $300 million and was substantially oversubscribed. HC Fund IV will continue the successful investment strategy employed by the Firm’s partners Justin Ishbia, Ryan Kelley, Michael Cooper, John Hennegan, Don Pierce and Chris Mioton. HC Fund IV will invest primarily in control buyouts, focused on microcap healthcare businesses with revenues between $5 million and $100 million.

Shore Capital Business Services Partners Fund I, led by Justin Ishbia, Brad Morehead, Matt Sweeney, Rory Kenny and Mickey Jiang, surpassed its original target of $150 million and was also substantially oversubscribed. BS Fund I is focused on making control equity investments in B2B and B2C companies providing IT and technology-enabled services, compliance and risk management, environmental and waste services, facility and field services, financial and payment services, distribution and logistics services, and professional services. “The Business Services team is excited to build upon Shore’s impressive track record. Our proven value creation model will be a compelling choice for entrepreneurs and executives seeking growth and resources for their companies,” said Brad Morehead, Partner at Shore Capital.  

Shore Capital Real Estate Partners Fund I, Shore’s newly established vehicle led by Justin Ishbia and Steve Malley, surpassed its original target of $75 million and was substantially oversubscribed. RE Fund I is focused on acquiring the real estate holdings of partner entrepreneurs by offering business owners a real estate succession option, cash liquidity, and rollover ownership on a tax deferred basis at the real estate platform level. 

Commitments to HC Fund IV, BS Fund I and RE Fund I came from the firm’s existing investors, plus select new limited partners. All three funds attracted strong interest from numerous prominent investors, resulting in a diverse and sophisticated investor base comprised of leading university endowments, financial institutions, funds of funds and family offices. In addition, Shore’s partners have committed to invest a substantial amount of capital alongside all three funds. 

Kirkland & Ellis LLP served as legal advisor to Shore Capital Partners for the fundraising efforts. Shore did not use a placement agent. 

About Shore Capital Partners

Shore Capital, a Chicago-based private equity firm with offices in Nashville, is focused on microcap investments within the Healthcare, Food and Beverage, Business Services, and Real Estate industries. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value for shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic growth and growth through industry consolidation. Shore has $2 billion of equity capital under management through various investment vehicles. For more information, please visit: www.shorecp.com.

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Golden Bear Therapy Partners Taps Industry Veteran Brent Mack as Chief Executive Officer

July 14, 2021

Golden Bear Therapy Partners (“Golden Bear” or “GBTP”), a leading provider of outpatient physical therapy and rehabilitation services, today announced the addition of industry veteran Brent Mack as Chief Executive Officer. Mack succeeds Bobby Ismail, who has taken on the role of Founder and President.

“Brent brings tremendous industry experience and operational expertise at a critical point in Golden Bear’s growth journey,” said Bobby Ismail. “In two years, Golden Bear has grown from under twenty clinics to 99 integrated locations. Brent’s experience leading large physical therapy organizations will be central to Golden Bear’s mission of expansion and delivering superior patient care. Additionally, Brent’s nearly 20 years of clinical, C-suite, and rehabilitation services experience will be incredibly valuable continuing Golden Bear’s growth strategy and success.”

Backed by Shore Capital Partners (“Shore Capital”), Golden Bear Therapy Partners consists of 99 clinics providing a comprehensive range of outpatient physical therapy services across California, Oregon, Washington, Arizona and Texas, with plans to expand throughout the U.S. Mike Cooper, Co-Founder and Partner of Shore Capital and Chairman of the Board of GBTP said, “Brent has a fantastic track record in multi-site healthcare and outpatient physical therapy and we are thrilled to bring him in as Golden Bear’s CEO. We are confident he will work with Bobby and the rest of the team at GBTP to enhance our growth and build a scaled, differentiated platform that is the partner of choice for physical therapists across the country.”

Mack, a licensed physical therapist, spent 18 years with ATI Physical Therapy where he helped grow the company from 1 clinic to over 800. Mack spent the bulk of his time as the Chief Operating Officer and was instrumental in the development and execution of the company’s strategy and operating model. “I’m grateful to be a part of the Golden Bear team. I’m looking forward to helping Golden Bear grow while maintaining a best in class culture and patient experience.”

Ismail, in his new role as Founder and President, will be instrumental in Golden Bear’s continued growth as well, applying several decades of clinical and business development experience in leading the company’s geographical expansion.

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

May 11, 2021

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 preserving our One Vanderbilt spirit of collaboration,” said Bruce Evans, BE’81, chairman of the Board of Trust.

“Justin Ishbia is a rising star in the private equity industry who brings a deep skill set in investment and law to our board,” Evans said. “He shares our commitment to Vanderbilt’s continued advancement and will help us chart a course for the future.”

Ishbia is a member of the Law School Board of Advisers. In 2015, he established the Justin R. Ishbia Scholarship to provide financial support for deserving students at the Law School. He has been a guest lecturer at the Owen Graduate School of Management and recently delivered the opening keynote address at the Vanderbilt Entrepreneurship Conference.

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Shore Capital Partners 2020 Highlights

April 19, 2021

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) Recognition from the investment community as a Top Founder-Friendly Firm and Most Active PE Firm in the world during the third quarter.

3) Formation of The Shore Capital Charitable Foundation to initially provide tax free financial assistance to individuals and families impacted by the COVID-19 crisis. Long term, the Foundation will help Shore portfolio company team members and families in a variety of ways.

For more information about what's happening at Shore Capital Partners, visit the News section of our website or follow Shore on LinkedIn and Twitter.

Shore Capital Partners Announces Partnership With Innovative Packaging Company

March 30, 2021

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 excited about the partnership with Shore Capital given their playbook for explosive growth and track record of performance. IPC has developed a ‘go-to-market’ strategy for our customers that is un-matched, and we look forward to working with Shore to deliver our custom packaging supply chain and service programs to even more customers across the country.”

“We grew up in the packaging business and have lived and breathed it since we were teenagers. We are extremely proud of what our team has built and look forward to the next chapter as we continue to scale IPC into a premier packaging firm with a relentless focus on the customer,” said Matt Concannon, Vice President of IPC.

Shore plans to invest in the business development, sales and marketing, and operational infrastructure of the Company to help drive transformational growth. Together, IPC and Shore will explore opportunities for inorganic growth through acquisitions, and organic growth through continued best-in-class customer service and the acquisition of new attractive customers.

“We could not be more excited to partner with the entire IPC team and look forward to creating a leading US packaging solutions platform for small and medium customers with medium to high complexity packaging needs,” said Richard Boos, Partner at Shore Capital and Chairman of IPC. “Jeremy and Matt have built an excellent business focused on serving their customer’s unique packaging and distribution needs and we will work tirelessly with them to build on their success.”

Shore Capital Partners Announces Founding of Together Women’s Health

February 11, 2021

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, skincare, and rejuvenation services. Eastside, led by Dr. Paul Nehra, son of the practice’s founder, has four locations: Macomb, Rochester, Grosse Pointe, and Roseville. Comprehensive, led by President Dr. Chad White, has three locations: Clinton Township, Chesterfield Township, and Detroit.

In the TWH partnership, each of Eastside’s and Comprehensive’s existing partner physicians will continue serving the community with leading clinical care. From Eastside: Dr. Nehra, Dr. John Knapp, Dr. Ben Chen, Dr. Deborah Hamby, Dr. Suzanne Hall, and Dr. Margot Abundis. From Comprehensive: Dr. Chad White, Dr. Raymond Quasarano, Dr. Angela Messina, and Dr. Lauren Mellor. Dr. Nehra will assume the role of Chief Medical Officer for TWH.

“We look forward to building a leading Midwest provider of women’s health services and becoming the partner of choice for independent physicians, which begins with Dr. Nehra, Dr. White and their teams,” said Mike Cooper, Founding Partner of Shore and TWH Chairman. “Eastside and Comprehensive have an outstanding reputation and vision for clinical excellence, which is a tremendous foundation to scale and build on their success.”

Dr. Paul Nehra said, “With healthcare ever-evolving and the inherent challenges of private practice, we felt it was time to collaborate with a strong business partner. Shore uniquely filled that role to shepherd us as the platform partner in Together Women’s Health. They have a fantastic record of enabling transformational growth, and our practice felt that this relationship would position us to be a future leader in women’s health.”

Anthony Ahee co-founded and will serve as CEO of TWH. Prior to TWH, Anthony founded Honor Equity, an entrepreneur-owned holding company formed to acquire and grow a limited number of healthcare businesses with significant growth potential. During this period he developed a thesis in women’s health and led the creation of Together Women’s Health. Mr. Ahee commented, “We created TWH to be a leading network of integrated women’s healthcare providers. By building on a foundation of clinical excellence, our best-in-class support services enhance care today and drive growth for the future. Together we are paving the way for a better women’s health community.”

TWH plans to grow its platform across the Midwest by supporting practices with operations, finance, accounting, marketing, human resources, and IT, thereby allowing physicians to focus on clinical excellence and serving their communities. TWH plans to pursue affiliations with independent women’s health practices and build a network of top clinicians in a physician-led culture. For more information on TWH, please visit togetherwomenshealth.com.

TWH represents the seventh platform investment out of Shore Capital Partners Fund III, L.P., a $293 million investment vehicle raised in April 2019.

Shore Capital Partners Invests in Tandem Family of Companies

January 27, 2021

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, and Workplace Solutions, a provider of comprehensive employee assistance programs (EAP).

Powered by experienced professionals, Tandem HR has been the recipient of several awards in its 20-year history, including Best HR Companies, Top Workers’ Compensation & Disability Company, Crain’s Chicago’s Best Places to Work, Fastest 50 Growing Companies in Chicago, and numerous inclusions on the Inc. 5000 list.

Bruce Leon, Founder of Tandem, noted “We are thrilled about this partnership and how it will accelerate our growth by delivering additional value to current and new clients through investment in technology, pricing power, and expansion of products and services in the HR solutions, health and workers compensation insurance markets.”

“Tandem has a tremendous track record providing high-value, high-touch client service while expanding its geographic capabilities and customer solutions,” said Ryan Kelley, a founding Partner of Shore. “We are well-positioned to continue this path to success by investing in the transformational growth of Tandem’s products, services, and geographic reach.”

“The partnership with Shore starts the next chapter of the growth of our organization and our business and I couldn’t be any more pleased about the opportunities that lie ahead for our colleagues, clients and partners alike,” says Salo Doko, President & COO. “Through a careful process, we found in Shore the right partner to make our shared strategy of geographical expansion and profitable growth come to life”.

To support Tandem’s strategic growth plan, Shore assembled an industry-leading Board of Directors. Notably, Greg Slamowitz, the former Co-CEO and Co-Founder of Ambrose Employer Group, from 1997 through a successful sale to TriNet in 2013, has joined the board and contributed a material equity co-investment. “Shore and Tandem are excited to have Greg join the Board to help lead Tandem through a period of rapid growth and expansion,” said Mr. Kelley.

About Tandem HR

Tandem HR provides custom, high-touch Fortune 500 caliber human resources to small, mid-sized and enterprise businesses throughout the United States. By managing the administrative aspects of human resources such as payroll processing, benefits administration, compliance, risk management, employee relations etc., Tandem’s HR experts allow client executives to focus on growing their businesses. Learn more about how Tandem HR can help your business at www.tandemhr.com or call 630-928-0510 today.

About Shore Capital

Shore Capital Partners is a Chicago-based private equity firm focused on microcap Healthcare and Food and Beverage investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has $1.1 billion of equity capital under management through various investment vehicles. For more information on Shore, please visit www.shorecp.com.

Shore Capital Partners Adds Justin Bentley to Lead Capital Markets

December 18, 2020

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 capital markets will be a key enabler of our growth at Shore and portfolio companies. We look forward to Justin’s continued success and leadership.”

“Shore has developed a unique and highly effective approach that has produced tremendous results,” said Mr. Bentley. “We are extraordinarily well-positioned for sustained success, and I am thrilled to join the team to lead our capital markets efforts and contribute to our growth.”

Mr. Bentley joins Shore with 16 years of leveraged finance experience. He most recently served as a Director at Vista Credit Partners, where his responsibilities included capital raising and the sourcing, evaluation, and execution of credit investments in software and technology companies. Prior to Vista, Justin was a Director at Madison Capital Funding and was responsible for all aspects of direct lending investments as well as building the firm’s asset management and CLO platforms. After earning his B.S. in Finance from the University of Illinois, Justin started his career as a Derivatives Analyst on the Chicago Board of Trade floor.

About Shore Capital Partners

Shore Capital Partners is a Chicago-based private equity firm focused on microcap Healthcare and Food and Beverage investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has $1.1 billion of equity capital under management through various investment vehicles. For more information on Shore, please visit www.shorecp.com.

Shore Capital Partners Announces Partnership with Old World Spices and Seasonings

November 19, 2020

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, Missouri. The Company also maintains a corporate office and R&D center in Overland Park, Kansas. The Company offers R&D and co-development support, flexible and nimble manufacturing services, and diverse packaging options to its valued customers.

Shore Capital is partnering with the Company’s management team, which has helped guide Old World through a period of tremendous expansion since setting out on a new growth strategy in 2013.

“We are thrilled to announce our partnership with Shore Capital, and we are confident our combined teams, networks, and resources will further enhance our ability to provide best-in-class service, innovative solutions, and quality products to our customer partners,” said Russ Meinhardt, CEO of Old World. “Our team is eager to capitalize on the significant opportunity for growth and consolidation in the spices, seasonings, and specialty ingredients space, and we look forward to working with the Shore team to maximize our potential.”

Shore plans to invest in the business development, research and development, sales and marketing, and production infrastructure of the Company to further refine operations. Together, Old World and Shore will explore opportunities for inorganic growth through acquisitions, and organic growth through adjacent product lines, manufacturing capabilities, and distribution channels.

“John, Walt, Russ, Amy, Beth and the rest of the Old World team have built an amazing business and we are truly honored to partner with them in the next exciting chapter of growth,” said Richard Boos, Partner at Shore Capital and Chairman of Old World. “We look forward to building the business with a keen focus on existing customer partnerships and expansion into new relationships.”

Shore Capital Partners Announces Partnership with Women’s Health Group

November 18, 2020

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 Volin, Dr. Cindy Long, Dr. Kristin Head, Dr. Andrea Burgess, Dr. Colleen Begley, and Dr. Kristen Garcia, all of who have established a reputation for high quality medical and surgical obstetrics and gynecological care. Since its founding in 1994, the physicians and the team at WHG have demonstrated impressive growth through the opening of new clinical locations, adding new service lines and capabilities, and recruiting talented, high-quality physicians to the practice.

“We are proud of what we have built as a team and are excited to continue expanding and developing our patient offerings in a new phase of transformational growth. The partnership with Shore Capital will help us to further our medical mission across a broader geographic footprint in the Mountain West. We are delighted to partner with Shore as they share our vision to deliver clinical excellence alongside a comprehensive patient experience,” said Dr. Stephen Volin, Chief Medical Officer of Women’s Health Group.

Shore and WHG plan to invest in people, processes, and infrastructure to support the operations, finance, accounting, compliance, marketing, human resources, IT and other support services, allowing clinicians to focus on providing the highest quality of care for women.

“We are thrilled to partner with the entire WHG team. Having established a world-class practice, WHG is experiencing significant growth and understands the value of a strategic partnership as they continue to augment and build on their success,” commented Mike Cooper, a founding partner of Shore Capital and Chairman of WHG.

WHG will pursue affiliations with strong independent obstetrics and gynecological practices across the region in order to build a leading network of doctors that maintains a patient-first culture with a clear focus on high-quality clinical care.

“We have high aspirations about the partnership with Shore and are excited about what we can collectively accomplish and offer to our patients,” added Dr. Volin. Dr. Cindy Long, Partner and Board Member, noted, “This partnership provides us with access to strategic capital, administrative support resources, operating expertise and strategic guidance while remaining committed to clinical quality.”

“We look forward to creating a leading provider of OB/GYN services in the region, while offering the highest level of support to our practices and clinicians,” said Cooper. “WHG provides an exceptional foundation to build a best-in-class organization that seeks to be the partner of choice for practices who provide high quality patient care and desire a strategic partner to support their business operations and accelerate growth.”

WHG represents the fourth platform investment out of Shore Capital Partners Fund III, L.P., a $293 million investment vehicle raised in April 2019.

To learn more about Women’s Health Group, please visit www.whg-pc.com.

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

November 16, 2020

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 an interactive format. At PitchBook, we always strive to find new and hopefully better ways to present useful data, so starting in 2020 we have created an interactive set of tables so you can more easily navigate the full rankings or find the specific table you want more swiftly. Full story here.

Shore Capital Partners Announces Founding of Southern Sports Medicine Partners

November 2, 2020

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 of Shore, commented, “We are thrilled to partner with Dr. Jaffe. He is one of the most respected and well-known physicians in West Florida. Having built a world-class practice, Dr. Jaffe shares our vision to deliver clinical excellence at greater scale.”

Dr. Jaffe said, “I partnered with Shore for their track record of transformational growth in healthcare and a shared belief in what it will take to be the leading interventional pain management platform in the Southeast. As healthcare continues to become more retail and consumer-oriented, the time is ideal to embrace growth, patient experience, and best in class programs and options for physicians in all stages of their careers. Southern Sports Medicine Partners is off to a great start and I have high aspirations for what we can achieve.”

SSMP will grow its platform across the region by investing in people and processes to support the operations, finance, accounting, marketing, human resources, and IT functions at affiliated practices, thereby allowing physicians to focus on clinical excellence and serving their communities. SSMP will pursue affiliations with independent interventional pain management practices to build a network of top clinicians in a physician-led culture.

“We are building a leader of scale in pain management and sports medicine, starting with Dr. Jaffe and his team,” said Mr. Cooper. “We are well-positioned to support the continued transition to consumer-directed healthcare, while maintaining the physician’s role and clinical expertise as the most critical aspect of treatment. Additionally, Shore has helped to bring together an exceptional board of directors consisting of industry thought leaders and physicians alike to guide our strategy and growth plan.”

SSMP represents the third platform investment out of Shore Capital Partners Fund III, L.P., a $293 million investment vehicle raised in April 2019.

To learn more about Southern Sports Medicine Partners, please visit www.http://www.southernsportsmp.com.

About Shore Capital

Shore Capital Partners is a Chicago-based private equity firm focused on microcap Healthcare and Food and Beverage investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has $1.1 billion of equity capital under management through various investment vehicles. For more information on Shore, please visit www.shorecp.com.

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

October 30, 2020

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 rooted in a shared vision of success developed jointly with our entrepreneurs. We take great pride in these partnerships and the teamwork it takes to generate consistent and repeatable results in the top 1%."

In a company statement, Scott Omelianuk, editor-in-chief of Inc. said, “I get the chance to interact with many entrepreneurs who have relentless drive and want to build a business that fixes problems, improves a process, or makes the world a better place. But to do that, it often takes the backing from a private equity firm that will provide more than just financial backing. It takes wholeheartedly supporting that vision and treating the Founders like partners.”

About the Private Equity 50 List

Inc. official materials state: the final list recognizes 50 firms that entrepreneurs can trust, collaborate with on new strategies, and look to help in financing acquisitions during these uncertain times. All 50 have a successful track record of backing entrepreneurs.

Mr. Omelianuk added in his recognition letter, “Applications for this year’s list were up more than a third over last year, and the final 50 firms came out on top in a highly competitive process, benefiting from a wealth of references from entrepreneurs who shared their positive experiences partnering with private equity.”

To compile the list, Inc. went straight to the source: entrepreneurs who have sold to private equity. Founders filled out a questionnaire about their experiences partnering with private equity firms and shared data on how their portfolio companies have grown during these partnerships.

To see the complete list of The Best Private Equity Firms for Entrepreneurs, visit: https://www.inc.com/private-equity/2020.

About Shore Capital Partners

Shore Capital Partners is a Chicago-based private equity firm focused on microcap Healthcare and Food and Beverage investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has $1.1 billion of equity capital under management through various investment vehicles. For more information, please visit www.shorecp.com.

About Inc.

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the Founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

Shore Capital Partners Announces New Team Members

October 1, 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 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 Senior Associate role at GTCR, where he focused on Healthcare. Earlier in his career, he had various Investment Banking positions in the Healthcare division at J.P. Morgan. Mr. Nevill earned a Bachelor of Science in Business from Indiana University.

Ankeet Patel, Senior Associate. Most recently Mr. Patel served as an Associate for Abry Partners. Previously he held roles of increasing responsibility at Madison Dearborn Partners and Citi Global Investment Banking. Ankeet earned a Bachelor of Science in Economics from the University of Illinois at Urbana-Champaign.

Riley Hall, Director. Ms. Hall joins the Shore Resource Team from PwC where she most recently served as a Senior Manager in the Deals platform, focusing on transaction execution and strategic planning. Ms. Hall earned a Bachelor of Science in Accounting and Finance as well as her Master of Business Administration from St. Bonaventure University in Buffalo, New York. She is a Certified Public Accountant.

About Shore Capital Partners

Shore Capital Partners is a Chicago-based private equity firm focused on microcap Healthcare and Food and Beverage investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has over $1 billion of equity capital under management through various investment vehicles. For more information on Shore, please visit www.shorecp.com.

Shore Capital Partners announced sale of Florida Autism Center

March 17, 2020

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 into a rapidly growing enterprise, supported by highly scalable corporate infrastructure and a best in class leadership team. FAC is recognized industry wide as a market leader in the southeast with 52 total locations across Florida and Georgia. During the course of the partnership, Shore and the FAC management team have executed a repeatable de novo growth plan that has allowed the Company to scale rapidly in order to bring best-in-class autism services to as many clients as possible.

“We are pleased to have partnered with Kristy and Chryssy to build FAC into one of the leading autism services providers in the country,” said John Hennegan, co-founder of Shore Capital. “FAC demonstrates what is possible when clinically and operationally focused executives and investment professionals collaborate to build a business that provides desperately needed services into an attractive end market.

“Our goal has always been to increase the availability of our valuable services, so we can continue to positively impact the lives of children and families, and our partnership with BlueSprig will only increase our reach. We believe both organizations share an absolute commitment to providing the highest quality clinical services and that our values and philosophies are a wonderful fit,” said Kristy Rohwedder, CEO of FAC. “Shore’s operational oversight and financial support coupled with our management’s industry and clinical expertise helped facilitate the platform’s rapid expansion and we are excited to begin our partnership with BlueSprig to fuel the next phase of growth for FAC.”

The transaction closed on March 4, 2020. Terms of the transaction are not disclosed. Cain Brothers, a division of KeyBanc Capital Markets, provided M&A advisory services and Winston & Strawn provided legal advice to Shore Capital and FAC.

Shore Capital Partners Announces Partnership with Main Street Gourmet

January 15, 2020

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 majority shareholders, Clover Capital Partners, who helped guide the Company through a period of tremendous growth since partnering with the business in 2011. “We are proud of the custom and solutions-oriented bakery model we have built and scaled as a team and are excited to continue to serve our customers with a diverse range of high quality and differentiated products through a new phase of transformational growth. Our partnership with Shore Capital will allow us to accelerate our organic growth through expanding on our product capabilities, serving additional retail ISB and specialty foodservice customers and broadening our footprint by pursuing acquisitions with other differentiated bakeries in adjacent categories and channels,” said Mr. Nelson, CEO of MSG.

Shore plans to invest in the business development, sales & marketing, and production infrastructure to further enhance operations and explore opportunities for inorganic growth through acquisitions and organic growth through adjacent product lines, customers and distribution channels. “I have high aspirations for what we can collectively accomplish alongside Shore Capital and are excited to partner with a group that understands our value proposition as a custom, value-added supply chain partner. We continue to strive to be highly responsive with product development, able to commercialize new ideas in collaboration with our customers, and maintain flexibility to work with unique ingredients and processes,” added Mr. Marks, who formerly served alongside Mr. Nelson as co-CEO and will be serving on the Board of Directors under the partnership with Shore Capital.

“We could not be more excited to partner with the entire MSG team and look forward to creating a leading multi-regional bakery platform in the U.S. with a diverse range of high quality products, manufacturing capabilities and commitment to superior customer service,” said Richard Boos, Partner at Shore Capital and Chairman of MSG. “Harvey, Steve and Clover Capital have built an excellent business model focused on custom and solutions-driven products for its ISB and foodservice customers and we will work hard to collaborate with them to build on their success.”

About Shore Capital

Shore Capital is a Chicago-based private equity firm focused on microcap investments within the Healthcare and Food and Beverage industries. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has over $1 billion of equity capital under management through various investment vehicles. For more information, please visit: www.shorecp.com.

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

May 17, 2019

May 17, 2019 ‐ Shore Capital Partners (“Shore Capital” or “Shore”) is pleased to announce that it has formed Southern Ear, Nose, Throat and Allergy Physicians (“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 operate under its brand.

Shore Capital is partnering with Northwest ENT’s existing four partner physicians, Dr. Drew Locandro, Dr. Shatul Parikh, Dr. Ryan Kauffman and Dr. Avani Ingley, who have established a reputation for high quality medical and surgical specialty ENT and allergy care and lead a team of six doctors, one physician’s assistant, five audiologists and one nurse practitioner. Drew, Shatul, Ryan and Avani, and the Northwest ENT team have demonstrated impressive growth through the addition of new service lines and capabilities, recruiting talented physicians and specialists, and new center openings. “We are proud of the clinical foundation we have built as a team and are excited to continue to expand patient and referral partner access to our treatment and surgical services through a new phase of transformational growth. Our partnership with Shore Capital will allow us to accelerate our organic growth including opening new locations, hiring additional providers, and expanding our patient care and business support services while simultaneously pursuing affiliations with other leading practices,” said Dr. Parikh.

Shore plans to invest in infrastructure to further standardize operations and offer finance, accounting, compliance, marketing, human resources, IT and other support services to allow clinicians to focus on providing high quality ENT and allergy services. “Shore Capital is the ideal partner to help further our medical mission across a broader geographic reach and shares our commitment to leading clinical quality, operational excellence and increased patient access,” said Dr. Locandro. “I have high aspirations for what we can collectively accomplish and offer to our patients and their referring doctors,” commented Dr. Ingley. “We are thrilled about the partnership with Shore Capital and the deep healthcare experience and dedicated management and support services they bring to the table.”

SENTA and Northwest ENT will pursue affiliations with independent ear, nose and throat and stand alone allergy practices across the Southeast in order to build a leading network of doctors that maintains a patient-first culture with a clear focus on clinical care. “The partnership provides us with access to capital, administrative resources, operating expertise and strategic guidance while maintaining absolute focus on clinical quality as we seek to execute on our vision of building a leading ENT and allergy practice in the Southeast,” added Dr. Kauffman.

“We could not be more excited to partner with the entire Northwest ENT team and look forward to creating a leading ENT and allergy provider in the Southeast, while offering the highest level of support to our practices and clinicians,” said Chris Mioton, Chairman of SENTA. “Northwest ENT provides a solid foundation to build a best-in-class organization as SENTA seeks to be the partner of choice for practices throughout the Southeast who provide high quality patient care and desire a strategic partner to support their business operations and accelerate growth.”

This investment represents the eighth platform investment out of Shore Capital Partners Fund II, L.P., a $190 million investment vehicle raised in April 2017.

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