Brookside Mezzanine Partners has provided a unitranche credit facility and preferred equity to support the acquisition of Longhorn Health Solutions, a direct-to-home provider of consumable medical supplies, by Satori Capital.
“Brookside Mezzanine Partners has served as an outstanding source of intelligent, strategic, flexible, and reliable capital,” said John Grafer, a Satori principal. “They’ve mastered the delicate balance of providing our management teams with the room they need to grow their businesses while protecting and maximizing their investors’ capital. We’ve partnered with Brookside twice, and we look forward to doing so again.”
Longhorn Health Solutions is a direct-to-home provider of consumable medical supplies, durable medical equipment, and pharmaceutical prescriptions serving the Medicaid, Medicare, and privately insured populations across Texas. The company has 150 employees and ten branch locations in Austin, Beaumont, Corpus Christi, El Paso, Fort Worth, Harlingen, Houston, Lubbock, San Antonio, and Waco. Longhorn Health Solutions is headquartered in Austin (www.longhornhealth.com) (www.lhsrx.com).
Brookside Mezzanine Partners provides subordinated debt and minority equity to small and mid-sized companies seeking long-term capital to support leveraged buyouts, strategic acquisitions, growth capital and recapitalizations. Target companies generally have trailing twelve month revenue and EBITDA of at least $15 million and $3 million, respectively. Brookside Mezzanine Partners manages $250 million through two mezzanine funds. The firm has offices in Stamford, CT and Boston, MA (www.brooksidemezzanine.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-7-13