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NEOPS Secures Mezzanine Financing From F.N.B. Capital Partners

January 02, 2014, 07:26 AM
Filed Under: Medical

Summer Street Capital Partners, LLC announced its 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.

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. 

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, PA, invests $3 million to $10 million per transaction.

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