Caymus Equity Partners LLC (“Caymus Equity”) announced it has completed the sale of its portfolio company, Alpha Imaging, LLC (“Alpha” or the “Company”) to Alpha / AXS Holding Company, LLC, a company formed by Alpha’s founders, the Perrico family. The sale, which closed on June 30, 2020, marks the fifth full exit for Caymus Equity.
Headquartered in Willoughby, Ohio, Alpha is one of the largest independent sales and service providers of advanced medical imaging equipment in the U.S. The Company has an extensive product portfolio including CT-Scanners, imaging labs, radiographic and fluoroscopic systems, and women’s healthcare products. Alpha serves some of the world’s most renowned health institutions, including Cleveland Clinic, Johns Hopkins Medicine and Mercy Health.
“We are extremely fortunate to have had partners like Michael Perrico and the rest of the management team at Alpha” said Geoffrey Faux, Managing Partner of Caymus Equity. “In conjunction with the Alpha management team, we were able to enhance Alpha’s recurring revenue mix and margin profile by expanding service contracts, penetrate numerous high-end healthcare institutions through the diversification of product offerings and expand the Company’s geographic footprint via two add-on acquisitions in the Northeast and Mid-Atlantic regions. Caymus Equity was fortunate to have been involved in this phase of the Company’s history, and we wish Alpha and its talented team all the best for the future.”
“Caymus Equity has been a consistent value-add partner with a shared vision and growth strategy that was successfully executed during our time together,” said Michael Perrico, Chief Execute Officer of Alpha. “We have sincerely valued the partnership and collaboration with the Caymus Equity team and thank them for their support and guidance which has positioned Alpha for continued growth in the years to come.”