Broadtree Partners Closes Fourth Fund

Fund IV Close

Charlotte, NC, September 30, 2022 --(PR.com)-- Charlotte-based private equity firm, Broadtree Partners, announced it has successfully closed its fourth fund. Broadtree Partners Fund IV will be the continuation of Broadtree’s operator-centric strategy of investing in and scaling small businesses in the micro-cap market. Over the next four years, Broadtree expects to invest in/acquire 8-10 businesses with $1-10MM of EBITDA across a diverse set of industries. Past funds have included investments in Business Services, Healthcare, Government Contracting, Packaging, Industrial Services, Light Manufacturing, Tech-Enabled Services, and Software. The funds raised include commitments from institutional investors, family offices, and high-net-worth individuals.

“We are very pleased to have been oversubscribed for this fund and look forward to adding even more resources to grow our private equity platform,” said Dave Slenzak, Managing Partner of Broadtree Partners. “This Fund, in particular, generated quick momentum and interest from both existing and new investors solidifying ongoing support for our investment strategy.”

Central to Broadtree’s strategy is a unique Operating Partner/Executive-in-Residence model in which Broadtree hires highly driven leaders with a proven track record of successfully building teams and leading organizations. These Operating Partners will ultimately become CEOs in the companies acquired by Broadtree and will lead the day-to-day of each business. Broadtree’s Executive-in-Residence strategy provides a unique set of resources for small businesses and creates flexibility for founders and entrepreneurs to either seamless transition from their companies or continue to stay involved and partner with Broadtree’s Operating Partners to accelerate growth.

“This fourth fund will allow us to continue investing in and promoting the success of entrepreneurial operators and leaders that aspire to run a small business,” Brad Batten, a Managing Partner, emphasized. “I am excited to continue building our team and I look forward to welcoming our future cohorts of high-caliber operating talent.”

“Our operator-centric model is more relevant than ever in an era of retiring baby boomers who are looking to transition their businesses. We’re very excited to continue to create value at this end of the market by successfully growing and scaling small companies in partnership with our CEOs,” Johannes Zwick, a Managing Partner, added.

The first investment from Fund IV was completed in December 2021 with the successful acquisition of Semify, a tech-enabled services business providing white-labeled SEO services.

Broadtree Member Earns 30 Under 30 Award

Broadtree Partners at 30 Under 30

The Broadtree Team at the 2022 Charlotte 30 Under 30 Event. From left to right, David Slenzak, Johannes Zwick, Elizabeth Spotts, Brad Batten, Lynne Girts, and Pat Voelker.

Charlotte, NC– September 22, 2022

Congratulations to our Broadtree's Elizabeth Spotts on being awarded a Top 30 under 30, Future Leaders of Charlotte Award! This award is presented to the movers and shakers that make Charlotte what it is.

Elizabeth is an associate at Broadtree Partners and has been with us for almost three years. She covers deal execution, investor relations, deal flow analysis, and recruitment. She attended Washington and Lee University and majored in Business with a minor in Poverty and Human Capabilities Studies.

Broadtree Partners Exit Announcement – WSS

Charlotte, NC - March 6, 2022 - Broadtree Partners, a lower-middle market private equity firm, is pleased to announce a successful sale of West Sweeping Services Holdings, LLC (“West Sweeping”) to Sweeping Corporation of America ("SCA"), the largest power sweeping company in the United States and a portfolio company of Warburg Pincus. Terms of the transaction were not disclosed.

West Sweeping is a platform holding company created to acquire power sweeping companies that perform street, highway, construction, parking lot, and industrial power sweeping to private and government entities and includes assets such as Contract Sweeping Services, LLC (“Contract Sweeping”) one of California’s largest municipal street sweeping service providers, Statewide Construction Sweeping, LLC (“Statewide”) the largest construction sweeper in Northern California, and Szeremi Sweeping Service, LLC (“Szeremi Sweeping”) one of California’s largest construction sweepers.

“Broadtree is extremely excited to partner with SCA and Warburg Pincus in the next chapter for the West Sweeping Family,” said Brad Batten, Managing Partner at Broadtree. “This transaction is further validation of the thesis that we have been executing on the past two years and the addition of SCA’s resources and scale will allow our companies to continue providing high levels of sweeping services to municipalities, cities, waste management companies, and general contractors in the state of California and beyond. We are proud of the growth the companies have experienced with Broadtree and we believe this transaction represents a fantastic outcome for the company, its customers, employees, and shareholders.”

Manvendra (Manny) Saxena, CEO of West Sweeping, noted, “I am really happy that we were able to successfully execute on our investment thesis and provide a great outcome for all stakeholders. I would like to express my deep gratitude to our employees, Broadtree team and investors, and customers that have played a critical part in this success. I am excited to embark on a new journey with SCA & Warburg Pincus to capitalize on the potential of West Sweeping and the entire street sweeping industry in North America.”

About Broadtree Partners
Broadtree Partners, headquartered in Charlotte, North Carolina, is a lower-middle market PE firm with an operator-centric model. Broadtree’s team of operators and entrepreneurs works very closely with owners throughout the transaction process and transition to running the day-to-day operations after an acquisition. By leading with its high caliber operating talent, Broadtree’s unique executive-in-residence approach provides owners with the flexibility to preserve their legacy by either exiting their companies and seamlessly changing leadership, or by partnering with Broadtree’s operational and financial resources to further accelerate growth. Broadtree’s goal is to fuel sustainable, long-term growth while preserving the company’s core values. Learn more at www.broadtreepartners.com.

About SCA
Headquartered in Cleveland, Ohio, SCA is the largest power sweeping services company in the United States. SCA-owned businesses self-perform power sweeping for highways, streets, industrial and commercial applications for both private and government entities. For more information on SCA, please visit www.sweepingcorp.com.

About West Sweeping
West Sweeping is a platform holding company created to acquire power sweeping companies that perform street, highway, construction, parking lot, and industrial power sweeping to private and government entities. Subsidiaries of West Sweeping include Contract Sweeping LLC, one of California’s largest municipal street sweeping service providers to California’s largest municipalities, cities, and waste management companies; Statewide Construction Sweeping, LLC, the largest construction sweeper in Northern California providing regulatory required sweeping services for General Contractors mainly involved in highway and road improvement projects; and Szeremi Sweeping Service, LLC, one of the largest construction sweepers in California.

Contact:
Elizabeth Spotts: epotts@broadtreepartners.com

Broadtree Partners Acquires Semify

Semify Logo    Pinnacle Financial Partners Logo

Acquisition to Further Semify’s Mission of “Growing Together”

Rochester, NY – February 11, 2022Semify, LLC (“Semify” or the “Company”), a white-label digital marketing service provider, announced today its acquisition by Broadtree Partners, LLC (“Broadtree"), a lower-middle market private equity firm. The acquisition was completed in strategic partnership with Pinnacle Financial Partners.

With nearly 15 years in the SEO and PPC sector, Semify will continue to serve its SEO Reseller Partners and clients with the highest quality services and support that they’ve come to expect from the brand. This acquisition will allow Semify and its customers to reach new heights with additional resources, infrastructure, and investment.

Semify’s mission of “Growing Together” is shared by Broadtree Partners’ Principal and Operating Partner, Patrick Briggs. Briggs, who has transitioned to Semify full-time as the President and CEO, will apply his experience as a digital marketing and growth leader at Zazzle, Jetty, and Yumble to guide the company forward.

“Semify is the ideal partnership for an investment from Broadtree Partners,” Briggs explains. “Our shared commitment to exceptional culture, teamwork, and a growth mindset puts us in perfect alignment for the future of Semify. I’m excited to explore new opportunities with this incredible team and to be part of the next stage of growth.”

Founder Adam Stetzer will continue to support the growth and innovation at the company in his new role as Chief Technology Officer. “At Semify, we believe that growing together creates the freedom to be more,” said Stetzer. “Broadtree’s vision is completely aligned with ours and will take Semify to the next level. I’m excited for the future of Semify and for how we can continue to help small businesses achieve their dreams through our relationship with our SEO reselling partners and with Broadtree’s support.”

Brad Batten, Managing Partner at Broadtree, added “Broadtree is thrilled to partner with Adam and the team at Semify. Adam has done a fantastic job of building a strong business with a very thoughtful and intentional culture. We look forward to leveraging Broadtree’s experience growing and scaling tech-enabled services and digital marketing businesses to further support the mission of growing together.”

“We are excited about the opportunity to continue to grow Semify,” added Johannes Zwick, Managing Partner at Broadtree. “Patrick’s leadership background in digital marketing, and SEO specifically, together with Adam’s extensive experience in the space and technology expertise creates a powerful combination to deliver first class service to all of Semify’s current and future customers.”

Broadtree Partners’ operator-centric model is a great fit with the goals of Mr. Stetzer and the Semify team. Mr. Briggs’ leadership will ensure a smooth and stable transition while preserving the company’s core values and fueling further development. By partnering with businesses like Semify to provide additional capital and resources, Broadtree assists businesses in achieving their goals without sacrificing company culture, brand identity, or operational excellence.

Semify’s focus on customer service, best-in-class deliverables, and high-performance culture will remain. With this acquisition, Semify will provide even more opportunities for career and product development.

Moore & VanAllen served as legal advisor to Broadtree.

 

About Semify, LLC
Established in 2008, Semify, LLC (formerly known as HubShout, LLC) is a team of enthusiastic and highly trained digital marketing professionals providing white label SEO and PPC services to hundreds of customers under its white-label reseller program. With their proprietary and API- integrated software platform, U.S.-based services team, and commitment to the highest level of customer service and transparency, Semify has paved the way for business owners who need high-performing digital marketing services at-scale. Additionally, Semify’s digital marketing insights and cultural accomplishments have been featured in the Washington Post, the Star Tribune, the Las Vegas Sun, and the Rochester Business Journal, among other publications.

Learn more at www.semify.com.

About Broadtree Partners
Broadtree Partners, headquartered in Charlotte, North Carolina, is a lower-middle market PE firm with an operator-centric model. Broadtree’s team of operators and entrepreneurs work very closely with owners throughout the transaction process and transition to running the day-to-day operations after an acquisition. By leading with its high caliber operating talent, Broadtree’s unique executive-in-residence approach provides owners with the flexibility to preserve their legacy by either smoothly exiting their companies and seamlessly changing leadership, or by partnering with Broadtree’s operational and financial resources to further accelerate growth. Broadtree seeks to partner with business owners and entrepreneurs to provide operational resources and institutional capital to transform and grow founder-owned businesses in the lower-middle market. Broadtree’s goal is to fuel stable, long-term growth while preserving the company’s core values.

Learn more at www.broadtreepartners.com

About Pinnacle Financial Partners
Since 2000, Pinnacle Financial Partners has provided a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. Pinnacle operates in 15 primarily urban U.S. markets across the Southeast. Pinnacle earned a spot on the 2021 list of 100 Best Companies to Work For® in the U.S., its fifth consecutive appearance. American Banker recognized Pinnacle as one of America’s Best Banks to Work For eight years in a row and No. 1 among banks with more than $10 billion in assets in 2020.

Learn more at www.pnfp.com

Contact:
Elizabeth Spotts: espotts@broadtreepartners.com

AMM and CCNC Announce Partnership

AMMCCSC Logo

CARY, N.C., Dec. 7, 2021 /PRNewswire/ -- Atlantic Medical Management (AMM) and Coastal Carolina Neuropsychiatric Center (CCNC) have announced a partnership to improve patient experience and operational efficiency. CCNC, one of the largest behavioral health practices in eastern North Carolina will work with AMM, a managed services organization to together take synergistic advantage of the unique skill sets and experience to benefit patients that each firm brings to the combined enterprise.

Positive Patient Impact
To further improve the excellent comprehensive mental health services offered by CCNC to its patients, AMM will provide customized technology, care management services, improved patient access and communication, as well as assistance to improve revenue cycle management. AMM already partners with a number of practices in eastern North Carolina serving some 100,000 patients. The goal of the combined enterprise is the enhancement and implementation of the firms' vision for improving integrated care across the continuum.

Mutual Enthusiasm for the Venture
CCNC CEO, Dr. Ash Mikhail said that partnering with AMM will "Improve care quality and cost efficiencies throughout the continuum of care as well as provide improved patient access and communication, driven by deep workflow integration. Enhanced workflows link (our) practice's EHR to registries, pre-registration systems, and HIEs, meaning (we) no longer need to step outside of (our) EHR to interact with outside systems." Zen Menon, AMM CEO, said "Working with CCNC will add a new dimension to the services we provide to our patients. The ability to offer 'in house' behavioral health treatment to those who depend upon us for the best care available, will improve the health status of the communities we serve."

Both executives stressed that the integration of the organizations will occur over the next few months to a year, and that no employees' job will be adversely affected by this partnership; it will only enhance their abilities to serve patients.

CCNC
CCNC was founded in 2006 and moved into is current location in Jacksonville in 2008. In addition to Jacksonville, the practice currently has offices in Wilmington, Lumberton, Fayetteville, and Morehead City. CCNC is a Behavioral Health practice whose cornerstone is quality, patient-centered, evidence-based mental health care in a warm, caring environment, and where there is respect between the staff, providers, and patients. Dr. Mikhail said, "After all, caring for such a diverse group of patients and seeing what a difference providing appropriate care can make in the lives of our patients and their families is the best part of our business."

AMM
Atlantic Medical Management, LLC was founded in 2010 with the goal of offering best-in-class management services to physicians' practices. In 2019 it affiliated with Broadtree Partners, Anagenesis Capital Partners and subsequently partnered with, and provided management services to its first partner-practice. Since then, the company has partnered with several primary care medical practices across Eastern North Carolina, as well as in the Research Triangle Area. It has used its expertise to improve both the operational efficiency and patient services of the practices is has partnered with. The firm's partner practices now care for some 100,000 patients across five counties.

SOURCE AMM Healthcare

West Sweeping Services Holdings, LLC acquires Szeremi Sweeping Service, LLC

Szeremi Broadtree Photo

Bryan and Andrea Szeremi, Founders of Szeremi Sweeping with WSS CEO Manny Saxena

November 3, 2021 – West Sweeping Services Holdings, LLC (“West Sweeping), a portfolio company of a mid-market private equity fund, Broadtree Partners, announced today that it has acquired Szeremi Sweeping Service, LLC (“Szeremi Sweeping”). Bank Prov provided senior debt and True West Capital Partners (“True West”) provided subordinated debt to support Broadtree’s acquisition of the companies.

Szeremi Sweeping, a Sacramento based company, is one of Northern California’s largest construction sweepers. It provides sweeping services for construction, residential and municipality customers. Bryan and Andrea Szeremi, the founders will be equity holders of West Sweeping and will continue to support the operations of Szeremi Sweeping and provide meaningful support to West Sweeping.

“Szeremi Sweeping is synonymous with high quality operators, equipment and customer service in the market. I couldn’t be more excited to bring Szeremi Sweeping in the West Sweeping family and take the platform to new heights.” said Manvendra “Manny” Saxena, President and CEO of West Sweeping. “We are also actively looking to add other companies to our family via acquisition and partnership with organizations that share our ethos of quality of service, culture of safety and hard work in a family environment.”

“We are very excited to be part of this experience during this next phase of Szeremi Sweeping. This partnership will allow Szeremi Sweeping to advance to new unimagined levels within the sweeping industry. We believe that Manny Saxena and Broadtree have seen our vision and will continue to keep the core values we have created within the company, employees, and customers. We look forward to the future and are glad to be a part of the next chapter.” said Bryan and Andrea Szeremi, the Founders of Szeremi Sweeping.

“Broadtree is extremely excited to welcome the Szeremi family and team into the West Sweeping family of companies. Bryan and Andrea built a fantastic business and a competitor that we have admired for multiple years now. We are excited to partner with them and believe the combination of West Sweeping and Szeremi Sweeping will create a powerful regional competitor. Importantly, our shared values and focus on quality of service and a culture of safety will make for a synergistic combination.” said Brad Batten, Managing Partner at Broadtree.

“True West is excited to support the team at West Sweeping and Broadtree in this transaction which greatly enhances its position as the dominant commercial sweeping company in the region.” Said Brian Hayden, Managing Director at True West.” said Brian Hayden, Managing Director, True West Capital Partners.

Moore & VanAllen served as legal advisor to Broadtree and WKBK&Y LLP served as the legal advisor to Szeremi Sweeping.

About West Sweeping
West Sweeping is a platform holding company created to acquire power sweeping companies that perform street, highway, construction, parking lot, and industrial power sweeping to private and government entities. Apart from Szeremi Sweeping, West Sweeping currently owns Contract Sweeping Services, LLC (“Contract Sweeping”) and Statewide Construction Sweeping, LLC (“Statewide). Contract Sweeping is one of California’s largest municipal street sweeping service providers to California’s largest municipalities, cities, and waste management companies. Statewide Construction Sweeping, LLC is the largest construction sweeper in Northern California and provides regulatory required sweeping services for General Contractors mainly involved in highway and road improvement projects.

About Broadtree Partners
Broadtree Partners, headquartered in Charlotte, North Carolina, is a lower-middle market Private Equity firm with an operator-centric model. Broadtree’s unique executive-in-residence approach provides both institutional capital as well as sophisticated operating resources to transform and grow founder-owned businesses in the lower-middle market. Broadtree’s team of operators and entrepreneurs transition to running the day-to-day operations after an acquisition which allows owners to smoothly exit their companies and seamlessly change leadership while preserving their legacy; or to partner with founder-led teams to further accelerate growth. Broadtree’s goal is to fuel stable, long-term growth while preserving the company’s core values.
Learn more at www.broadtreepartners.com

About True West Capital Partners
True West Capital Partners is a West Coast-based investment firm that provides flexible and creative growth capital to middle-market companies in the Western U.S. True West Capital Partners typically makes investments from $5 to $25 million in businesses with proven management teams, strong barriers to entry, sustainable competitive advantages, and high free cash flows. www.truewestcp.com

About Bank Prov.
Bank Prov. is a direct lender headquartered in Amesbury, Massachusetts. Serving local communities for over 200 years, Bank Prov is an innovative commercial bank that finds solutions for business and private clients. Bank Prov is committed to strengthening the economic development of the region it serves. Learn more at www.bankprov.com

Contact:
Elizabeth Spotts
espotts@broadtreepartners.com

Broadtree Announces Acquisition of Sayres and Associates, Leading Defense Contractor

WASHINGTON, Aug. 2, 2021 -- Broadtree Partners LLC, an operator-centric private equity firm, announced today that they have acquired Sayres and Associates, a leading provider of acquisition, engineering, security and training support services to the Department of Defense. JPMorgan Chase & Co. provided senior debt and Muzinich & Co. provided subordinated debt to support the acquisition.

Sayres and Associates has an over two-decade track record putting their customer-focused approach to use. They were named among the Washington Post's Top Workplaces in 2020, and their services have been formally recognized by the Department of Transportation and the U.S. Navy, among other prominent organizations.

Founded to support U.S. Navy shipbuilding programs, Sayres and Associates has grown over the years to provide exceptional C4I, industrial security, and fleet training services to national security customers. Joel Willett, a former CIA Officer and National Security Council staff member, was recently named president and CEO of Sayres and Associates.

"Sayres and Associates is beyond excited to begin this next chapter. In partnership with Broadtree, we will have the resources, energy, and experience we need to add even more value to our customers. This acquisition is a tremendous opportunity for growth, and we look forward to expanding our best-in class customer experience to new customers with critical national security missions." said Willett.

Broadtree Managing Partner, Brad Batten added: "John Sayres built a fantastic business, known for its past performance and quality customer delivery. We are excited to partner with John, Joel, and the rest of the Sayres and Associates management team to build a preeminent middle-market contractor."

The company will retain its deep bench of senior leadership in its lines of business. Kevin Darnell will serve as president of naval systems, Steve Lorentzen will serve as president of maritime operations, and Hank Miranda will serve as senior vice president of intelligence & security.

Sayres and Associates will serve as a platform to build a high value services provider focused on customer delivery for the Federal Government. The company is actively seeking to acquire additional businesses that have a strategic customer and capability fit. This acquisition is part of an ongoing effort for Broadtree to serve the defense and national security markets. Sayres represents the 12th portfolio company for the larger Broadtree team, and its fourth focused on government contracting. Moore and Van Allen provided legal support to Broadtree, and Elliot Davis and NextFed provided transaction advisory services.

Broadtree Partners is a group of entrepreneurial investors focused on providing capital and operating resources to small businesses looking to scale. Broadtree's unique executive-in-residence approach allows owners to smoothly exit their companies and seamlessly change leadership while preserving their legacy; and also to further accelerate growth by bringing operational and financial resources to founder-led teams. Broadtree's team of operators work closely with owners throughout the transaction process and transition to running the day-to-day operations after an acquisition. Broadtree's goal is to fuel stable, long-term growth while preserving the company's core values. Learn more at www.broadtreepartners.com.

 

Broadtree Announces Acquisition of Undisclosed Healthcare Marketing Firm

On March 31, 2021, Broadtree acquired an undisclosed full-service B2B healthcare marketing firm focused on client revenue generation. The Company offers strategic planning/brand positioning, digital marketing and traditional marketing services, providing a full outsourced marketing solution for its clients. The Company has established itself as a leader in understanding and communicating the technical complexities of the ever-changing healthcare and health insurance markets on behalf of its customers. It offers a compelling value proposition of providing an industry experienced one-stop full-service outsourced digital and traditional marketing department at a cost far less than a customer can staff internally.

This deal marks the 11th acquisition for the Broadtree team, and the first of 2021. The deal closing was led by General Partners Brad Batten and David Slenzak along with partner Wood Britton of FrontRidge Advisors.

Broadtree Partners Acquires Contract Sweeping Services and Statewide Construction Sweeping

WSS Leadership

January 12, 2021 – Broadtree Partners LLC (“Broadtree”), a lower-middle market private equity firm, announced today that it has acquired Contract Sweeping Services, LLC (“Contract Sweeping”) and Statewide Construction Sweeping, LLC (“Statewide Sweeping”; collectively, the “companies”) through a new holdings company, West Sweeping Services Holdings, LLC (“West Sweeping”). Bank Prov provided senior debt and True West Capital Partners (“True West”) provided subordinated debt & equity to support Broadtree’s acquisition of the companies.

Contract Sweeping is one of California’s largest Municipal street sweeping service providers to California’s largest municipalities, cities, and waste management companies. Statewide Sweeping is the largest construction sweeper in Northern California and provides regulatory required sweeping services for General Contractors mainly involved in highway and road improvement projects. Both companies originated as sister companies to Universal Site Services, Inc., a full-site service maintenance company that was founded in 1958.

Manvendra Saxena, Operating Partner & Principal at Broadtree will take over as the President & CEO of Contract Sweeping and Statewide Sweeping and manage future acquisitions under West Sweeping. Joe and Gina Vella, the former owners of Contract Sweeping and Statewide Sweeping will be equity holders of West Sweeping and will continue to support the operations and provide meaningful leadership and guidance to Manny and the companies.

“Contract Sweeping and Statewide Sweeping are among the largest players in power sweeping in California with a long rich history. I am excited to build upon the legacy of Gina and Joe by continuing to provide the best-in-class service to our customers and keeping our communities safe and clean.” said Manvendra Saxena, President and CEO of Contract Sweeping/Statewide Sweeping. “We are also actively looking to add other companies to our family via acquisition and partnership with organizations that share our ethos of quality of service, culture of safety and hard work in a family environment.”

“We are excited to remain part of the growth and future expansion of Statewide Sweeping and Contract Sweeping. Together we believe in the strength of the industry as well as trust in Manvendra Saxena’s leadership and continued support from Broadtree’s infrastructure and resources.”  said Gina and Joe Vella, the Founders of Contract Sweeping and Statewide Sweeping. “We both agreed that the time was right to take our thriving family-run operation to the next level and looked to partner with Broadtree because of the integrity they exhibited during diligence.  Their team had proven to share the same ideals for growth; and their commitment to reinvesting back into our organization, our teams, and technology to create opportunities for continued expansion . To date they have stayed true to their commitment and work daily within the operation as a hands-on partner for the management team.”

“Broadtree is extremely excited to partner with the Vella Family and the teams at Contract Sweeping and Statewide Sweeping.  There is a lot of opportunity in the power sweeping space and we will aggressively look to partner with other industry players to continue building thoughtfully upon the platform the Vellas created.  By combining the Vella's knowledge and deep industry relationships with the team at Broadtree we look forward to creating a regional powerhouse in the sweeping space." said Brad Batten, Managing Partner at Broadtree.

“Contract Sweeping and Statewide Sweeping are the established leaders of sweeping services in the San Francisco bay area with an impressive history of growth and a reputation for quality service. We are excited to partner with Broadtree to support the continued growth plans for the business,” said Brian Hayden, Managing Director, True West Capital Partners.

Moore & VanAllen served as legal advisor to Broadtree and Law Offices of Peter D. Feinberg served as the legal advisor to Contract Sweeping and Statewide Sweeping.

 

About West Sweeping Services Holdings, LLC

West Sweeping Services Holdings, LLC is a holding company created to acquire power sweeping companies that perform street, highway, construction, parking lot, and industrial power sweeping to private and government entities.

 

About Broadtree Partners

Broadtree Partners, headquartered in Charlotte, North Carolina, is a lower-middle market PE firm with an operator-centric model. Broadtree’s unique executive-in-residence approach allows owners to smoothly exit their companies and seamlessly change leadership while preserving their legacy; and also to further accelerate growth by bringing operational and financial resources to founder-led teams. Broadtree’s team of operators and entrepreneurs work very closely with owners throughout the transaction process and transition to running the day-to-day operations after an acquisition. Broadtree seeks to partner with business owners and entrepreneurs to provide operational resources and institutional capital to transform and grow founder-owned businesses in the lower-middle market. Broadtree’s goal is to fuel stable, long-term growth while preserving the company’s core values.

Learn more at www.broadtreepartners.com

 

About True West Capital Partners

True West Capital Partners is a West Coast-based investment firm that provides flexible and creative growth capital to middle-market companies in the Western U.S. True West Capital Partners typically makes investments from $5 to $25 million in businesses with proven management teams, strong barriers to entry, sustainable competitive advantages, and high free cash flows. www.truewestcp.com.

 

About Bank Prov.

Bank Prov. is a direct lender headquartered in Amesbury, Massachusetts. Serving local communities for over 200 years, Bank Prov is an innovative commercial bank that finds solutions for business and private clients. Bank Prov is committed to strengthening the economic development of the region it serves. Learn more at www.bankprov.com

 

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Contact:

Elizabeth Spotts

espotts@broadtreepartners.com

Broadtree Partners Acquires Vital Care Industries

Vital Care IndustriesMTI LogoLiveOakLogo

Charlotte, NC – January 5, 2021 – Broadtree Partners LLC (“Broadtree”), a lower-middle market private equity firm, announced today that it has acquired Vital Care Industries, (the “Company,”) a family-run, 36-year-old company that manufactures and distributes medical surgical supplies. The acquisition was supported by Live Oak Bank (“LOB”).

Founded in 1984 and headquartered outside of Chicago, IL, Vital Care Industries, Inc. has a strong history of manufacturing and distribution of medical surgical supplies to over 2,200 hospitals and 1,500 surgery centers. The Company manufactures and distributes equipment drapes and covers, solidifier for medical waste, sterilization packaging, and dust and cart covers under the Vital Care Industries and Medical Technique brands. The Company‘s “Quality By Design” brand motto reflects its reliable reputation in the market. These high-quality products ensure the safety of patients and medical professionals by maintaining a sterile environment during surgical procedures and supporting the safe disposal of liquid medical waste during invasive and non-invasive medical and surgical treatments and procedures. The long-term success of Vital Care Industries is tied to its key partnerships with Group Purchase Organizations (GPO), Distributors, and Health Systems.

Mia Jackson, who previously ran her own strategy and operations consulting firm, Azienda Solutions Group, has been appointed CEO of the Company. Henry and LeNita Johnson, the Company’s founders will continue to support the operations and provide meaningful leadership and guidance. Paul Bistline, equity holder, will continue to provide manufacturing and supply chain support to the business.

“Henry and LeNita, have built a solid company with excellent customer service,” said Johannes Zwick, Managing Partner at Broadtree. “We look forward to continuing the Company’s growth in partnership with the Company’s founders and equity holders.”

“Vital Care Industries is a great company with a solid reputation and a long rich history,” said Mia Jackson, CEO of Vital Care Industries, LLC. “I am excited to build upon the legacy that the Johnson’s have established. I look forward to working with the entire Vital Care Industries team to continue to drive excellence in delivering superior customer service and quality products to our customers.”

“We are excited as Vital Care Industries forges ahead under Mia’s leadership. This strategic transaction provides us with partners whose goals align with our aggressive expansion initiatives and will provide resources for rapid growth and sustainability,” said LeNita and Henry Johnson, Co-Founders of Vital Care Industries, Inc.

Moore & VanAllen served as legal advisor to Broadtree and Riley Safer Holmes & Cancila LLP served as the legal advisor to Vital Care Industries, Inc.

 

About Broadtree Partners

Broadtree Partners, headquartered in Charlotte, North Carolina, is a lower-middle market PE firm with an operator-centric model. Broadtree’s unique executive-in-residence approach allows owners to either smoothly exit their companies and seamlessly change leadership while preserving their legacy; or to bring operational and financial resources to a founder-led team to further accelerate growth. Broadtree’s team of operators and entrepreneurs work very closely with owners throughout the transaction process and transition to running the day-to-day operations after an acquisition. Broadtree seeks to partner with business owners and entrepreneurs to provide operational resources and institutional capital to transform and grow founder-owned businesses in the lower-middle market. Broadtree’s goal is to fuel stable, long-term growth while preserving the company’s core values.

Learn more at www.broadtreepartners.com

 

About Live Oak Bank

Live Oak Bank is a direct bank headquartered in Wilmington, North Carolina. The bank specializes in originating business loans that are guaranteed by the Small Business Administration (SBA) to companies in 16 specific industries.

Learn more at www.liveoakbank.com

 

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Contact:

Elizabeth Spotts

espotts@broadtreepartners.com

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About Us

Broadtree Partners is a group of entrepreneurial investors focused on acquiring businesses where the owners are looking to transition from their current roles. We specialize in providing opportunities for owners to smoothly exit their companies and seamlessly change leadership, while preserving their legacy. 

This is facilitated by our Operating Partners, who work with owners throughout the process and transition to running the day-to-day operations after an acquisition.

Contact Info

Broadtree Partners, LLC
101 S. Tryon Street, Suite 2700
Charlotte, NC 28280

(704) 228-1262

The information on this site is intended solely for the benefit of firms and companies seeking private equity investment capital by providing general information on our services and philosophy. The material on this site is for informational purposes only and does not constitute an offer or solicitation to purchase any investment solutions or a recommendation to buy or sell a security nor is it to be construed as legal, tax or investment advice. Unless otherwise indicated, any information available through this site is as of the date indicated therein and may not be updated or otherwise revised to reflect information that subsequently becomes available. Broadtree Partners is under no obligation to update the information contained on this site. Additionally, the material on this site does not constitute a representation that the solutions described therein are suitable or appropriate for any person and Broadtree Partners does not accept any liability with respect to the information. By using this site you agree to this disclaimer.

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