Trinity Hunt Partners has acquired Coker Group, a provider of healthcare advisory services.
Coker provides performance transformation, transaction advisory, and compliance consulting services to hospitals, physician groups, private equity-backed platforms, and other healthcare providers.
Trinity Hunt will use Coker as a platform investment in the healthcare advisory services sector and will support the company through both organic growth and add-on acquisitions. Currently, the firm is actively pursuing other opportunities to invest in healthcare advisory businesses across the United States.
“The partnership with Trinity Hunt brings new possibilities for our valued team members and clients as we look to accelerate Coker’s growth and build a national leader in the healthcare advisory space,” said Max Reiboldt, the chairman of Coker. “We were very intentional in selecting a partner, and we found Trinity Hunt’s vision and core values to be uniquely aligned with our own.”
Dallas-based Trinity Hunt invests from $15 million to $70 million of equity in founder and family-owned companies that have revenues of at least $10 million and EBITDA of least $2 million. Sectors of interest include business services, healthcare services, and consumer services.
“We are thrilled to partner with Coker as the cornerstone of our healthcare advisory platform given the company’s people-first culture and longstanding track record of exceptional customer service,” said John Oakes, a partner at Trinity Hunt. “We look forward to building on Coker’s strong foundation as we partner with other high-quality firms to expand the platform’s national footprint and strategic expertise.”
Last month, Trinity Hunt held an oversubscribed closing of Trinity Hunt Partners VII LP at its hard cap with $700 million of capital commitments. Trinity Hunt’s sixth fund closed at its hard cap in September 2021 with an oversubscribed $460 million of capital commitments and its fifth fund closed at its hard cap of $350 million in October 2018.
KPMG Corporate Finance was the financial advisor to Coker on this transaction.
© 2024 Private Equity Professional | March 26, 2024
