Caymus Equity Partners LLC (“Caymus Equity”) has announced that its portfolio company, Alpha Imaging, LLC (“Alpha”), has acquired Modern Imaging, Inc. (“Modern”) located in Swansea, MA. Modern’s leadership team has provided sales and service of medical equipment for over 30 years and provides an opportunity for the Alpha management team to leverage resources and relationships to better serve their clients.
“The acquisition of Modern expands our client base and allows access to strategic accounts in the New England states,” said Michael Perrico, CEO of Alpha Imaging. “Our success has always been predicated on meeting our clients’ needs in a very personal, flexible and responsive manner,” added Perrico. “Bringing technology and service to our clients is one thing, but being able to do so in a manner that differs greatly from the competition sets us apart.”
Brad Morse, President and owner of Modern Imaging comments, “Merging the relationships that we have forged over the years with the talents and equipment line of Alpha, is a win, win, win. Our existing customers can now have access to higher end, advanced imaging products; I am able to be a part of a highly respected, growth-oriented medical imaging distributor with an outstanding support team; and Alpha can expand their customer base in the area.”
The transaction represents Alpha’s second strategic acquisition since Caymus Equity partnered with NewSpring Mezzanine Capital, L.P., Graycliff Partners L.P. and management to complete a majority recapitalization in November 2015.
The transaction closed May 8, 2018. To learn more about Alpha Imaging, visit www.alpha-imaging.com