Waud Capital Partners

Founded in 1993, Waud Capital Partners is a leading middle-market private equity firm that partners with exceptional management teams to create, acquire, and/or grow companies that address significant, inefficient, highly fragmented and underserved industry segments. They invest primarily through control-oriented growth equity investments, industry consolidations, buyouts or recapitalizations and seek companies that generate strong cash flow and can be grown both organically and through add-on acquisitions.
GA

George Ahn

OPERATING PARTNER

Matthew R. Albers

PRINCIPAL

David R. Bellaire

OPERATING PARTNER

DB

Dave Bellaire

Operating Partner

ST

Samuel T. Bennett

SENIOR ASSOCIATE

JB

John Blix

Associate

MB

Matthew Bowen

Associate

MW

Matthew W. Clary

PARTNER

Kenneth C. Collins

PRINCIPAL

AG

Andrew G. Connelly

VP

TC

Timothy Cremieux

PRINCIPAL

Justin C. DuPere

PARTNER

SR

Scott R. Fischer

VP

MF

Mark Flower

CFO and CHIEF COMPLIANCE OFFICER

Christopher Graber

PARTNER

MG

Marc Gruenhut

VP

TS

Teran S. Heir

Associate

PH

Patrick Hynes

Associate

BJ

Brandon Jonas

ASSOCIATE

Philip Kemp

HEAD OF INVESTOR RELATIONS

GK

Graham Kenter

ASSOCIATE

CM

Conor M. Kinasz

Associate

Kyle Lattner

PRINCIPAL

ML

Mark Layden

OPERATING PARTNER

EL

Ed Lee

ASSOCIATE

MJ

Michael J. Lehman

VP

Matthew A. London

Principal

DL

David Lowenberg

OPERATING PARTNER

DM

Daniel Marcus

Associate

CS

Connor S. Mcneill

ASSOCIATE - BUSINESS DEVELOPMENT

GA

Gary A. Mecklenburg

Executive Partner

KT

Kevin T. Moses

Senior Associate

David Neighbours

PARTNER

PO

Phillip Olson

PARTNER – BUSINESS DEVELOPMENT

AP

Ann Panikulam

DIRECTOR - FINANCE, FUNDS

DP

Daniel Pellegrino

VP

JW

Jeffrey W. Qiu

Associate

WP

William P. Renehan

ASSOCIATE

NR

Neal Riutta

ASSOCIATE

RR

Richard Roggeveen

VP

AR

Andrew Rueff

OPERATING PARTNER

Karan Sabharwal

VP

JN

Jennifer N. Sammis

DIRECTOR - FINANCE, FIRM

RS

Robert S. Scherl

SENIOR ASSOCIATE

EJ

Edward J. Sohn

VP

Paul Sutphin

PRINCIPAL

BS

Ben Szanto

Private Equity Associate

RT

Ryan Thomas

ASSOCIATE

RR

Riva R. Trivedi

SENIOR ASSOCIATE

Reeve Waud

MANAGING PARTNER

MW

Martha Wong

ASSOCIATE

Past deals in Minnesota

Center for Vein Restoration

Acquisition in 2011
Center for Vein Restoration is nationally recognized as the leader in the treatment of varicose and spider veins. In fact, venous insufficiency, the cause of varicose veins and spider veins, is our sole focus – we are dedicated to relieving leg pain, treating the vascular cause of severe leg wounds, and eliminating unsightly veins, allowing our patients to look better, feel better and live better.

Unifeye Vision Partners

Acquisition in 2017
Unifeye Vision Partners provides management services to a network of leading providers of comprehensive eye care services throughout the United States. The Company’s services include management of ophthalmology and optometry practices as well as management of eye surgery centers.

ChiroTouch

Private Equity Round in 2017
ChiroTouch chiropractic software system is a fully-customizable, comprehensive practice management software designed specifically for the chiropractic practice. Whether you maintain a high volume practice with many associates and disciplines or starting a new practice, we are here to help you. Our HIPAA compliant software, equipped with the latest biometric security enhancements, provide a seamless way of protecting patient data. Our unsurpassed data management services allow you to maintain full control over patient intake and record retrieval. However you envision your practice needs, ChiroTouch chiropractic software system is your solution for a completely paperless office.

Christiana Industries

Acquisition in 1994
Christiana Industries is a Chicago-based manufacturer of highly engineered low-voltage light assemblies to over 300 original equipment manufacturers in more than 20 industries.

PSI Services LLC

Private Equity Round in 2015
PSI has over 60 years of experience with providing solutions to corporations, professional associations and government regulatory agencies. We offer a comprehensive solutions approach from test development to delivery to results processing which includes pre-hire employment selection, managerial assessments, licensing and certification tests, license management services and professional services. PSI, a leader in the assessment industry, provides various solutions through its multiple business channels including talent assessments (of job-seeking candidates as well as employee development programs), licensure testing services (for government regulatory agencies), certification credentialing services (for professional associations), license management services and biometric identification authentication services. PSI offers clients various solutions to measure, assess and identify the skills, abilities, traits and identities of individuals seeking jobs, licensure, or certification credentials. Through the use of its nationwide network of Premier PLUS:tm: and PSI Authorized testing centers and our state-of-the art test administration platform ATLAS:tm:, PSI ensures the consistency in security, design and registration procedures that yield an unparalleled commitment to quality.

IVYREHAB Network, Inc.

Acquisition in 2016
IVYREHAB Network, Inc. engages in the valuation and acquisition of physical therapy facilities. The company focuses on the planning and administration of physical therapy treatment to restore functions, relieve pain, and prevent disabilities following diseases, injuries, and surgeries. It offers management services, including site selection, design, and build-out; equipment selection and procurement; recruitment and training of all personnel; credentialing of professionals; oversight of all day-to-day operations; billing and collection management; and financial reporting and analysis. The company was founded in 2003 and is based in Harrison, New York.

TeamSnap, Inc.

Acquisition in 2021
TeamSnap develops a sports management platform designed to simplify communication and coordination between sports members. The platform assists sports coaches, administrators, players, and parents to keep a track of rosters, schedules, games, availability, statistics, and make payments, enabling users to play seamlessly and focus on their game.

Eastern Dental

Private Equity Round in 2016
Eastern Dental Management provides dental care services. The company provides teeth whitening, preventive care, orthodontics, cosmetic dentistry, periodontics, oral surgery, endodontics, invisalign, implants, and emergency dentistry services. Eastern Dental Management was founded in 1984 and is based in Avenel, New Jersey.

ProNerve

Acquisition in 2012
ProNerve LLC is a provider of intraoperative neurophysiologic monitoring services. The company offers a complete turnkey IONM service offering, as well as additional service capabilities in the neuroscience field. ProNerve operates in thirteen states with headquarters in Broomfield, Colorado, and a dedicated professional reading center in Phoenix, Arizona.

Parish Publishing Solutions

Acquisition in 1998
Parish Publishing Solutions is a niche publishing business that specializes in the production and distribution of weekly church bulletins to religious organizations in Michigan and New York. At the time of its sale, the Company was providing service to approximately 450 churches and 7,000 advertisers.

Regency Hospital Company

Acquisition in 2001
Regency Hospital Company, L.L.C. (“Regency”) an operator of long term acute care hospitals.

CarePoint Partners

Acquisition in 2007
CarePoint Partners is an emerging home infusion and specialty pharmacy provider. Its growing family of affiliated companies maintains the VISION of providing innovative pharmacy solutions for the home care patient.

True Partners Consulting

Acquisition in 2005
True Partners Consulting LLC operates as a tax and business advisory company that offers tax consulting and audit services to large public and private enterprises. The company provides accounting for income tax, federal tax, flex staffing, international tax, private equity, state and local tax, tax risk management, transfer pricing, and unclaimed property services. It serves small, medium, and large sized business clients in the United States and internationally. The company was founded in 2005 and is based in Chicago, Illinois with locations in Boston, Chicago, Dallas, Denver, New York, Long Island, Los Angeles, San Jose, Tampa, and London.

Heart + Paw

Acquisition in 2018
Heart + Paw is an integrated petcare company serving pets and their parents. Based in Philadelphia, the Company has ambitious national growth plans with an initial focus on the Northeast and Mid-Atlantic regions. Heart + Paw offers veterinary care, grooming, daycare, boarding, retail, and other complementary services at its centers.

Jazz Pharmaceuticals

Series B in 2004
Jazz Pharmaceuticals focuses on identifying, developing, and commercializing products for neurology and psychiatry primarily in the United States. Its products include Xyrem for the treatment of cataplexy and excessive daytime sleepiness in patients with narcolepsy; Cystadane for the treatment of homocystinuria, an inherited metabolic disease; and Antizol to treat ethylene glycol and methanol poisoning. Its late-stage product candidates comprise Luvox CR, an extended release formulation of fluvoxamine, a selective serotonin reuptake inhibitor, which is used for the treatment of obsessive compulsive disorder and social anxiety disorder; and JZP-6, a liquid dosage form of sodium oxybate in Xyrem, for the treatment of fibromyalgia syndrome. The company's products in the clinical pipeline include JZP-4, a controlled release formulation of an anticonvulsant for the treatment of epilepsy and bipolar disorder; and JZP-8, a formulation incorporating a benzodiazepine, for the treatment of acute repetitive seizure clusters in refractory epilepsy patients. Its pipeline also comprise JZP-7, a formulation incorporating a dopamine agonist for the treatment of restless legs syndrome; and JZP-2, a formulation of a benzodiazepine for the acute treatment of panic attacks associated with panic disorder. The company has a product development and license agreement with Antares Pharma, Inc. Jazz Pharmaceuticals was founded in 2003 and is headquartered in Palo Alto, California.

Anovia Payments

Private Equity Round in 2017
Founded by industry experts and designed to make payment acceptance easy for merchant and partner alike, Anovia Payments delivers a better way to process payments. They have created a unique combination: carefully selected, best­ in­ class payments and an enthusiastic team of payment professionals who believe in creating and maintaining business relationships.

DS Medical

Acquisition in 1999
DS Medical is a national leader in consumable medical supplies distribution, delivering consumable and durable medical products directly to the homes of end users. The Company serves patients with chronic medical conditions such as spinal cord injuries and diabetes.

iOFFICE, Inc.

Acquisition in 2018
iOFFICE is a real-time, cloud-based software application that helps facility leaders and real estate professionals run their buildings smarter.

Compex Legal Services, Inc.

Acquisition in 2004
Compex Legal Services, Inc. provides litigation and discovery support services. The company offers record retrieval, deposition reporting, multi-plaintiff litigation, medical record summarization, and single source vendor program services. It also provides technology solutions, such as TruSummary, a tool created to take the manual labor out of the process of organizing, understanding, and summarizing records; client interface, document management repository, and industry compliant security solutions. Compex Legal Services, Inc. was founded in 1972 and is headquartered in Torrance, California with additional offices in Sacramento, California; East Hanove, New Jersey; Hinsdale, Illinois; Tukwila, Washington; Philadelphia, Pennsylvania; San Antonio, Texas; and Tampa, Florida.

TrustCommerce

Acquisition in 2017
TrustCommerce is a financial company specializing in payment processing products and services.

Pharmacy Partners Holdings

Private Equity Round in 2018
Pharmacy Partners Holdings provides management and support services to a network of infusion clinics and physician practices across the United States. The Company also operates an internal pharmacy focused on non-infused medications for chronic conditions.

CyberGrants

Private Equity Round in 2015
CyberGrants combines grant management and employee engagement in one easy to use solution.

Aquion, Inc.

Acquisition in 2005
Aquion, Inc. is a manufacturer and marketer of premium water treatment equipment and water quality solutions that serve a variety of markets around the world. They have been manufacturing water treatment equipment since 1953. They offer a diverse line of water conditioners, iron filters, carbon filters, drinking-water purifiers, ozone and ultraviolet disinfection systems, reverse osmosis systems and acid neutralizers for the residential and commercial water treatment industry.
Acadia Healthcare was established in January 2005 to develop and operate a network of behavioral health facilities across the country. Acadia provides premier psychiatric and chemical dependency services to its patients in a variety of settings, including inpatient psychiatric hospitals, residential treatment centers and outpatient clinics and therapeutic school based programs.

The CE Shop

Private Equity Round in 2020
The CE Shop serves real estate professionals with convenient and high-quality online course. Headquartered near Denver, Colorado, The CE Shop offers online real estate courses in all 50 states and D.C., and is dedicated to providing a convenient and informative alternative to traditional in-person classes.

Minnesota Eye Consultants

Venture Round in 2017
Minnesota Eye Consultants is a dynamic organization of respected ophthalmologists with extraordinary educational and professional credentials. They are passionate about patient care and dedicated to improving quality of life through life-changing vision procedures and treatments. The organization aims to preserve, restore, and enhance vision through research, teaching, and providing the highest quality medical and surgical care to patients.

Sphere

Acquisition in 2017
Sphere is a software and financial technology company providing integrated solutions that reduce friction and facilitate better and more secure commercial interactions with customers in specialized verticals markets, primarily healthcare, non-profit, transportation, and education. Sphere’s integrated payments technology and security software enable its clients to process payments in a way that is: highly secure and compliant, integrated with their core business software, omnichannel, and processor-neutral. The company’s partner-centric focused payment solutions serve small, midsize, and enterprise-level businesses and software companies in the U.S., Canada, and Australia.

Revenue Cycle Solutions

Acquisition in 2011
Revenue Cycle Solutions rebrands as OPTIMUM OUTCOMES - New Company Name, Logo and Tagline Reinforce Company’s Ongoing Focus to Optimize both Financial Outcomes and Total Patient Satisfaction for Clients - Downers Grove, IL, May 8, 2012. The new name exemplifies their ability and desire to help customers maximize revenue recovery while enhancing the total patient experience.” “The new ‘Caring for your revenue cycle’ tag line embodies their approach to working in concert with their clients to meet both their financial needs and the needs of their patients,” said Mary Ann McLaughlin, Chief Operating Officer of Optimum Outcomes. Since taking over leadership of the company in May 2011, Mike Jacoutot and his team have invested heavily in systems, processes and training to optimize workflow, increase productivity and deliver positive outcomes for the company’s clients and the patients of those healthcare providers. In addition, the company has implemented the Net Promoter Score to measure client loyalty.

GI Alliance

Acquisition in 2018
GI Alliance develops platform that offers network of gastroenterology specialists that provides comprehensive care for every age. The company was founded in 2018 and is based in Southlake, Texas.

Adult & Pediatric Dermatology, PC

Private Equity Round in 2017
Founded in 1992, Adult & Pediatric Dermatology provides comprehensive, integrated dermatology services through a team of 30 clinical providers. The organization provides dermatology services through its 10 clinical offices in Massachusetts and New Hampshire. Adult & Pediatric Dermatology strives to deliver exceptional dermatologic care by making comprehensive dermatology services available and accessible to its patients within their communities, and supports its primary care healthcare providers with easy access and rapid communication. APDerm’s providers and staff work as a team to provide excellent, coordinated, cost-effective dermatology care.

Pilot Thomas Logistics

Acquisition in 2004
Maxum is a provider of fuel, lubricants and chemical solutions to the energy, mining and marine industries throughout North America. Maxum operates more than 2,500 specialized trucks, transports, and trailers, 30 marine barges and vessels, and the industry-leading network of fuel and lubricant terminals, storage, equipment, and warehouses to support its customers.
Health & Safety Institute, Inc. is an environmental, health, safety, and quality (EHS&Q) compliance and training platform. It offers solutions including workplace safety training content; chemical and SDS management software; incident, audit, and hazard tracking; and CPR/AED training, certification, and continuing education. The company was formerly known as American Safety & Health Institute, Inc., and changed its name in February 2008. Health & Safety Institute, Inc. founded in 1977 and is based in Eugene, Oregon.

CORDANT HEALTH SOLUTIONS

Acquisition in 2012
Cordant Health Solutions is a provider of drug testing services to groundbreaking solutions for payers, clinicians, and organizations involved in the substance use disorder, criminal justice, and pain management markets. It offers medication monitoring and criminal justice drug testing, pre-employment drug screening, addiction, and treatment-center drug testing, workers' compensation case management, reference lab solutions, and monitoring and management tools that specialize in the management and dispensing of controlled substances and behavioral health medications that enable clients by providing actionable information to protect prescribers, improve outcomes and contain costs.

ASG Security

Acquisition in 2002
Headquartered in Beltsville, MD, ASG Security is a super‐regional electronic security and monitoring company with full service operations throughout the Eastern and Southwestern United States.    Recognized as the 10th largest U.S. electronic security company, ASG designs, installs, monitors and services security systems for the commercial/industrial, government and residential market sectors.  The company provides a full array of traditional and IP‐based solutions including video surveillance, access control, monitored fire and intrusion alarm systems to more than 214,000 customers.   ASG employs over 1,200 people across 24 branch offices and operates four UL / CSAA Five Diamond Certified monitoring centers

Concierge Home Care

Acquisition in 2019
Concierge Home Care operates home care services to senior citizens. It offers services including behavioral health, cardiac care, chronic pulmonary care, community living, diabetic care, fall prevention, medical management services, neurological care, orthopedic rehabilitation, palliative care, and transitional care. The company is headquartered in Jacksonville, Florida with additional offices in Palm Coast, Ormond Beach, Daytona Beach, Ocala, Gainesville, Leesburg, and The Villages.

Hospitalists Management Group

Acquisition in 2006
Hospitalists Management Group provides hospitalist services in the United States. It offers billing, human resources, physician recruitment, legal/risk management, credentialing, third-party contracting, accounting, marketing and network development, and information services. The company also provides services, such as on-call coverage for emergency departments, including indigent care and unassigned patients.

Adreima

Acquisition in 2008
Adreima advocates for hospitals nationwide, providing eligibility and revenue cycle management services supported by a deep knowledge of state-specific issues and unparalleled in-house expertise. Their know-how and commitment to customer service improves financial performance and builds long-term trusting partnerships.