Silver Oak Closes New Fund IV Platform

Silver Oak Services Partners has acquired DASCO HME, a distributor of home medical equipment.

DASCO’s products are focused on respiratory and sleep equipment including home oxygen, non-invasive ventilation, and CPAP (continuous positive airway pressure) equipment. The company, headquartered north of Columbus in Westerville, Ohio, was founded in 1987 and operates from 14 locations in Ohio (8), West Virginia (3), Indiana (2), and Kentucky (1).

Silver Oak makes control investments of $10 million to $30 million in services companies with revenues from $15 million to $150 million and EBITDAs from $4 million to $25 million. Sectors of specific interest include business, healthcare, and consumer services.

The buy of DASCO is the first portfolio company for the firm’s fourth fund, Silver Oak Services Partners Fund IV LP, which had a final close in August 2019 at its hard cap of $500 million. The firm’s earlier fund, Silver Oak Services Partners Fund III LP, closed in March 2016 at its $335 million hard cap.

Silver Oak was founded in 2005 and is based in the Chicago suburb of Evanston. The firm is actively seeking add-on acquisition opportunities for DASCO.

© 2020 Private Equity Professional | March 19, 2020

Print Friendly, PDF & Email