Silver Oak Services Partners has completed the sale of its equity interest in NDC to New York-based private equity firm Court Square Capital Partners.
Headquartered in Nashville, NDC is a leading healthcare supply chain company and distributor of consumable medical supplies. The company operates as one of the largest master distributors in healthcare, purchasing supplies directly from manufacturers and providing a broad product line to distributors who handle the last mile delivery direct to health care providers. The company serves as a vital partner delivering supply chain efficiency to manufacturers, GPOs and national, regional and local distributors. NDC has over 180 employees and operates distribution centers in Tennessee and Nevada.
Silver Oak made its original investment in NDC in February 2010. During Silver Oak’s ownership, NDC completed two acquisitions, strengthened its management team, expanded its product portfolio, upgraded its technology platform and launched new service offerings.
“We are extremely proud of our partnership with the NDC management team,” says Greg Barr, Managing Partner at Silver Oak. “They have done an outstanding job of driving significant top and bottom line growth over the last six years. With a strong management team and proven value proposition in the market, the Company is well positioned for continued growth.”
Mark Seitz, CEO of NDC, says: “Silver Oak has been an excellent partner. With their active support and guidance, we experienced significant growth while enhancing the value we bring to our business partners. We look forward to building upon this success with our new partners.”
William Blair and Locke Lord LLP acted as financial advisor and legal counsel to the sellers, respectively.
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