Caymus Equity Partners LLC (“Caymus Equity”) announced today the completion of its seventh platform investment. A group formed by Caymus Equity, including Caymus Equity, PNC Mezzanine Capital (“PNC”), Deerpath Capital Management, L.P. (“Deerpath”) and management, has completed the recapitalization of Excel Orthopedic Rehabilitation, P.A. (“Excel” or the “Company”). Headquartered in Hackensack, NJ, Excel is the premier provider of sports and orthopedic physical therapy and rehabilitation services in northern New Jersey.
Founded in 1990, Excel has been a fixture in Bergen County, NJ for over 25 years. The Company operates eight facilities across New Jersey in Fort Lee, Oakland, Hackensack, Waldwick, Cresskill, Rutherford, Montvale and Mahwah, with a ninth under construction in Old Tappan. Excel provides a broad suite of physical therapy services, ranging from therapeutic activities, both active and passive, to neuromuscular re-education, electric stimulation, hydro and laser therapy. The transaction provides Excel with the necessary capital and resources to continue to provide high quality services to its existing customers and further grow its business through de novo center growth and potentially via acquisitions. Caymus Equity is excited to partner with the strong management team at Excel and invest in a company with a long track record of success in an attractive niche industry with significant growth opportunities.
Gary Flink, CEO of Excel, said, “This is an important transaction for Excel to fuel our growth and further develop our position as the premier physical therapy provider in the Greater New York City area. We are excited to partner with Caymus Equity, PNC and Deerpath as we continue to grow the Excel brand and expand into new territories.”
“We are proud to partner with Excel and look forward to working with the management team as they continue to grow their business,” commented Geoff Faux, Managing Partner at Caymus Equity. “Excel has clearly developed a successful business model and we are committed to providing the Company with the necessary resources to continue to thrive.”