Peak Rock Begins Imaging Equipment Services Build

Peak Rock Begins Imaging Equipment Services Build

Peak Rock to use 626 as a platform to build a healthcare-focused equipment services and maintenance business

626 provides contract-based repair and maintenance services for MRIs, PETs, CTs, ultrasound, x-rays, and digital mammography equipment

SOURCE: Getty Images

Peak Rock Capital has acquired 626 Imaging Services, a provider of maintenance services for imaging equipment used in the healthcare sector.

626 Imaging provides one- to three-year contract-based repair and maintenance services for healthcare imaging equipment including MRIs, PETs, CTs, ultrasound, x-rays, and digital mammography equipment. The company’s technicians are trained on all imaging modalities and across all manufacturers.

Source: 626 Imaging

626 was co-founded by CEO Philip Revien and President Michael Fischer in 2014. The two co-founders first met in the maternity ward of a South Florida hospital on June 26, 2012, the day each of their sons were born, and this date is the inspiration for the company’s name. Today, 626 has more than 100 employees and is headquartered in Delray Beach, Florida.

“I have always aimed to partner with the best people in our industry, and our team reflects that. I’m excited to add Peak Rock as a partner, as their resources and expertise will support us in further expanding our imaging services platform,” said Mr. Revien.

“626 represents a tremendous opportunity to partner with the founders and management of a leading services and maintenance business in the imaging sector, helping to reduce healthcare costs and support high-quality patient care,” said Spencer Moore, a managing director at Peak Rock. “The company has an impressive track record of growth, and we’re excited to support the company’s continued investment in sales and technology initiatives, footprint expansion, and strategic acquisitions.”

Austin-based Peak Rock makes debt and equity investments of $30 million to $300 million in middle-market companies with revenues from $50 million to $1 billion and enterprise values from $50 million to $750 million. Sectors of interest include business and technology-enabled services; consumer products and services; distribution and logistics; energy; food and beverage; healthcare; industrial manufacturing; metals; and technology.

© 2022 Private Equity Professional | July 8, 2022

To search in site, type your keyword and hit enter