Candescent Partners

Candescent Partners, LLC is a private equity firm founded in 2009 and located in Boston, Massachusetts. The firm specializes in buyouts, growth capital, recapitalization, middle market, and mezzanine debt investments. It focuses on sectors such as healthcare information technology and services, consumer products and services, business and technology-enabled services, and software. Candescent Partners targets investments in companies based in the U.S. and Canada, typically investing between $2 million and $30 million in firms with revenues ranging from $10 million to $50 million and EBITDA between $2 million and $10 million. The firm often seeks a board seat in its portfolio companies and utilizes personal capital for its investments.

Stephen M. Jenks

Co-Founder and Managing Partner

Alexander S. McGrath

Managing Partner

3 past transactions

Southeastern Spine Institute

Private Equity Round in 2017
Southeastern Spine Institute, located in Mount Pleasant, South Carolina, is a medical practice dedicated exclusively to spine care. The institute offers a comprehensive range of services, including both surgical and non-surgical procedures. Surgical options comprise various techniques such as anterior cervical discectomy and fusion, lumbar inter-body fusion, and minimally invasive spine surgery. Non-surgical treatments include epidural steroid injections, facet joint injections, and trigger point injections, among others. Additionally, the institute provides diagnostic services such as MRI and digital X-ray, along with physical therapy, nerve conduction studies, and an in-house pharmacy. By focusing on advanced and effective spine care, Southeastern Spine Institute serves patients with a variety of spinal conditions.

Koch Eye Associates

Acquisition in 2013
Koch Eye Associates, Inc. is a prominent provider of comprehensive eye care services in Rhode Island, established in 1981. The company offers a wide range of services, including cataract surgery utilizing various types of intraocular lenses, retina and vitreous treatments, and corneal refractive surgeries such as LASIK and LASEK. Additionally, Koch Eye Associates specializes in managing diabetes-related eye diseases, glaucoma therapies, and providing complete family eye care. The practice also offers a variety of optical products, including contact lenses and eyeglasses, along with diagnostic testing services such as optical coherence tomography and visual field testing. With multiple offices located in Warwick, Johnston, North Kingstown, Woonsocket, and Providence, Koch Eye Associates has developed a reputation for delivering state-of-the-art eye care and surgical services tailored to meet the needs of its patients.

Quadrant Software

Acquisition in 2010
Quadrant Software, Inc. is a provider of business intelligence, digital document distribution, and modernization software solutions designed to enhance IBM i enterprise application workflows. Established in 1990 and located in Mansfield, Massachusetts, the company offers a range of products including Business i, a suite that converts IBM i data into real-time charts and reports for analysis and sharing. Its Deliver i solution modernizes spool files, allowing users to transform plain text into graphic, branded documents and distribute them through various channels. Quadrant Software also features QuadraDocV, a virtual fax server that manages fax communications within enterprise applications. Additional offerings include document automation tools like Formtastic, the QuadrAppliance for document output management, and the QuadraConnector Family, which links its solutions to industry ERP platforms. The company provides comprehensive support services, ensuring effective application modernization and document distribution for its clients. As of June 2016, Quadrant Software operates as a subsidiary of Fresche Solutions Inc.
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