New England Orthotic & Prosthetic Systems ("NEOPS") Secures Growth Financing
BUFFALO, N.Y., December 31, 2013-- Summer Street Capital Partners, LLC www.summerstreetcapital.com is pleased to announce portfolio company, New England Orthotic & Prosthetic Systems ("NEOPS") has secured a mezzanine investment from F.N.B. Capital Partners, L.P. ("FNBCP"). FNBCP's mezzanine investment will provide growth capital to support the expansion of high quality orthotic and prosthetic patient care throughout the Northeastern United States.
"NEOPS has grown into one of the largest and most successful O&P providers in the United States by partnering with clinicians to emphasize the efficient delivery of patient-centric care, while rewarding clinicians for their hard work," commented Andrew Fors, Partner of Summer Street Capital. He added, "We are pleased to partner with FNBCP as their investment will help support NEOPS in the pursuit of strategic expansion through de novo branches and acquisitions."
NEOPS is a leading provider of orthotic & prosthetic patient care products and services through thirty-one branch operations across Connecticut, New York, Massachusetts, and Rhode Island. As a premier provider of state-of-the-art orthotic and prosthetic patient care products and services, NEOPS is seeking acquisition opportunities in contiguous geographies. More information on the company and their comprehensive level of products and services is available at www.neops.com.
About Summer Street Capital Partners, LLC
Summer Street Capital Partners, LLC, founded in 1999, is a Buffalo, NY based private equity fund manager with over $450 million in committed capital focused on investing in middle-market companies. Summer Street seeks to invest in industries with compelling growth prospects, and has a team of investment professionals dedicated to the healthcare industry. The firm invests alongside talented managers, bringing capital and resources to support acquisitions and aggressive growth strategies. Summer Street's investments support management buy-outs, family transitions, corporate divestitures, growth financings, and recapitalizations. Visit www.summerstreetcapital.com for additional information.
About F.N.B. Capital Partners, L.P.
F.N.B. Capital Partners, L.P. is a pooled fund of committed capital licensed by the Small Business Administration ("SBA") as an SBIC. FNBCP, headquartered in Pittsburgh, Pennsylvania, invests $3 million to $10 million per transaction. FNBCP specializes in providing mezzanine debt, subordinated notes, private equity and other types of financial capital. For more information, please visit www.fnbcp.com.
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