RECENT RELEASES
EyeCare Services Partners-
Business
EyeCare Services Partners (“ESP”) is one of the nation’s largest vertically-integrated ophthalmologic services platform. Headquartered in Dallas, Texas, ESP has over 50 locations across 5 states. ESP’s practices provide vision services across the entire eye care continuum including ophthalmology, optometry and surgery centers.
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Harvest Partners Investment
In May 2017, Harvest led the recapitalization of ESP in partnership with management. To fund the acquisition, Harvest arranged the debt financing, which included a senior credit facility and preferred equity financing.
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Investment Thesis
- Leading player in large, fragmented, and growing vision services market
- Diversified platform with limited cyclicality and strong cash flows
- Sole vertically-integrated national consolidator with proven acquisition strategy
- Strong management team with a track record of success
