Riata Capital Group (“Riata”) announced today that Acuity Eyecare Group (“Acuity”) has acquired two new regional eyecare groups as of March 2018:
- One Hour Optical, based in the Denver market with four full-service locations including Denver, Aurora, Greenwood Village and Thornton, and one location in the Denver Health Hospital
- 20/20 Image Eye Centers, based in the Phoenix market with five full-service locations including Fountain Hills, Tempe, Scottsdale, Glendale and Chandler
Jeff Fronterhouse, Managing Partner of Riata Capital Group, said: “We are excited to have successfully completed these recent acquisitions. They are both strong additions to our existing Acuity portfolio and provide expansion into new markets that are dynamic and growing. Our continued focus will be to support our Acuity family with the important tools and resources needed to provide patients with full-scope professional eyecare and the highest quality product assortment and value.”
Acuity owns and operates leading North American eyecare groups and optometric practices, with over 70 locations across 8 states. Acuity also owns a large, full-service digital lab operation, The First Look Lab, located outside of St. Louis.
“We are thrilled to have added One Hour Optical and 20/20 Image Eye Centers to the Acuity family. They are not only well-known and well-respected in their markets, but their patient-focused philosophy truly make them a great fit for us. We are building a terrific culture of people across Acuity, and our highly experienced and talented management team is focused on driving growth and positive momentum in the marketplace,” said Eric Anderson, CEO of Acuity Eyecare Group.
Bret Davis, VP Corporate Development at Acuity Eyecare Group adds, “It was a pleasure working with Kevin Breslaw of One Hour Optical in Denver, as well as Drs. Tom and Vasvi Babu of 20/20 Image Eye Centers in Phoenix, throughout the acquisition process. We are actively looking for high potential eyecare groups that share our vision for exceptional patient care, and have a collaborative approach to growing the business.”
Acuity will continue to expand its market-leading eyecare platform through the acquisition of additional regional eyecare groups and independent optometric practices. The Company expects to grow to over 100 locations by mid-2018. Acuity looks forward to sharing news of future acquisitions, exciting innovation and continued successes throughout the year.
About One Hour Optical
Founded in 1968 and currently owned by Kevin Breslaw, One Hour Optical is a Denver-based eyecare group with 4 full-service eyecare centers located in Denver, Aurora, Greenwood Village and Thornton, and 1 location in the Denver Health Hospital. One Hour Optical’s top priority is customer care and offers affordable vision services and comprehensive eye exams with caring, knowledgeable opticians. Additionally, they offer a wide variety of styles and brands of eyeglasses, sunglasses, contact lenses and safety wear. For more information, please visit www.onehouroptical.com.
About 20/20 Image Eye Centers
Founded in 1996 by Dr. Tom Babu and Dr. Vasvi Babu, 20/20 Image Eye Centers is a Phoenix-based eyecare group with 5 full-service eyecare centers located in Tempe, Scottsdale, Glendale, Fountain Hills and Chandler. 20/20 Image Eye Centers offer the highest quality of vision care with courtesy and compassion. 20/20 Image Eye Centers takes a complete approach to caring for its patients and offers a full-range of optical services, comprehensive eye exams and an extensive line of eyeglasses, sunglasses, and contact lenses. For more information, please visit www.2020image.com.