Beecken Petty O’Keefe & Company (BPOC) has acquired Southern Anesthesia and Surgical, a distributor of pharmaceuticals and surgical supplies.
Southern Anesthesia and Surgical (SAS) is a national distributor of pharmaceuticals and surgical supplies to oral health professionals who perform sedation-related dental and surgical procedures. The company is based in West Columbia, SC (www.southernanesthesia.com).
Golub Capital was the Sole Bookrunner and Administrative Agent on a $35 million financing and equity co-investment to support the acquisition by BPOC. “Golub Capital proved to be a very good partner for us in this deal as they worked efficiently and were able to provide a full solution to our financing needs,” said Tom Schlesinger, a Partner at BPOC. “Throughout the process we viewed their Healthcare Finance team as our partner and they executed the transaction seamlessly. We look forward to working with them again.”
Beecken Petty O’Keefe & Company invests in middle-market buy-out transactions, recapitalizations, and growth platforms in the health care industry. The firm is currently investing out of its third investment fund, Beecken Petty O’Keefe & Company Fund III, L.P., a $400 million investment fund raised in 2010. The firm is based in Chicago (www.bpoc.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 11-6-12
