Caymus Equity Partners, LLC (“Caymus Equity”), a lower middle market private equity firm, has announced that its portfolio company, Excel Orthopedic Rehabilitation, P.A. (“Excel” or the “Company”), has acquired TruCare Physical Therapy (“TruCare”) located in Ramsey, NJ. The acquisition of TruCare further expands the Company’s footprint and brings a unique referral base to the Excel platform. Debbie Dieter-Barker, the founder, is a highly respected physical therapist and will continue to be employed by the Company.
The transaction serves to deepen Excel’s presence in the northern New Jersey market and expands the Company’s platform for further expansion in the northeast United States. The addition of TruCare brings the total units operated under the Excel brand to eleven, and the Company plans to continue to pursue an aggressive acquisition strategy.
Gary Flink, CEO of Excel, said, “This acquisition continues Excel’s expansion while maintaining our reputation for providing the most comprehensive orthopedic physical therapy services in northern New Jersey. Debbie Dieter-Baker is highly respected within the industry and will serve as an asset to Excel moving forward. TruCare’s outstanding reputation has allowed them to develop a robust referral network that will benefit Excel going forward.”
The transaction represents Excel’s first strategic acquisition since Caymus Equity partnered with PNC Mezzanine Capital and management for a majority recapitalization in November 2016, and is part of the Company’s growth strategy to expand in the northeast through both de-novo unit growth and strategic acquisitions. The transaction closed on March 7, 2018. To learn more about Excel, visit www.exceltherapy.com.