A group formed by Caymus Equity Partners LLC (“Caymus Equity”), including Caymus Equity, NewSpring Mezzanine Capital II, L.P. (“NewSpring”), Graycliff Partners L.P. (“Graycliff”) and management, has completed the recapitalization of Alpha/AXS Holding Company, LLC (“Alpha Imaging” or the “Company”). Headquartered in Willoughby, OH, Alpha Imaging is one of the largest independent sales and service providers of advanced medical imaging equipment in the United States.
Founded in 1986, Alpha Imaging sells, distributes and services a wide range of medical imaging equipment across multiple radiological modalities. The Company’s equipment portfolio is extensive and can address the full range of imaging needs within a healthcare system. The transaction provides Alpha Imaging with the necessary capital and resources to continue to provide high quality products and service to its existing customers and further grow its business organically and via acquisitions. Caymus Equity is excited to partner with the strong management team at Alpha Imaging and invest in a company with a long track record of success in an attractive niche industry with significant growth opportunities.
Michael Perrico, CEO of Alpha Imaging, said, “This is an important transaction for Alpha Imaging to fuel our growth in the medical imaging industry and further develop our position as one of the leading sales and service providers in the United States. We are excited to partner with Caymus Equity, NewSpring and Graycliff as we continue to grow our equipment portfolio and expand into new territories.”
“We are proud to partner with Alpha Imaging and look forward to working with the management team as they continue to grow their business,” commented Geoff Faux, Managing Partner at Caymus Equity. “Alpha Imaging has clearly developed a successful business model and we are committed to providing the Company with the necessary resources to continue to thrive.”