Golub Capital has provided a GOLD financing to support the recapitalization of Vision Source by Brazos Private Equity Partners. GOLD financings are Golub Capital’s One-Loan Debt facilities.
Based in Kingwood, Texas and established in 1991, Vision Source provides its independent optometrist and dentist members unmatched purchasing power, professional and staff development, and practice management assistance while allowing them to maintain their independence. Vision Source practices cumulatively represent more than USD1.7 billion of retail sales, making it the second largest optical network in the United States.
"We are excited to partner with Brazos and management to continue Vision Source’s strong track record of growth serving the independent optometrist channel," says Senior Managing Director Greg Cashman.
Jeff Fronterhouse, Co-CEO and Co-Founder of Brazos, says: "This is our first transaction with Golub. They really impressed us with their ability to move quickly and deliver an aggressive one-stop financing. Their no-outs, no flex commitment helped us differentiate our offer and win the confidence of the seller. After we were signed up, they worked hard to help us close quickly. We look forward to doing more deals with Golub in the future."
