Riata Capital Group (“Riata”) announced that its portfolio company Acuity Eyecare Group (“Acuity”), an owner and operator of leading North American eyecare groups and optometry practices,has acquired two new regional eyecare practices, Carlsson Family Eye Center, a single location practice based in Gilbert, Arizona, located southeast of Phoenix, and Pediatric & Adult Vision Care, a single location practice based in Wexford, Pennsylvania, with a Vision Therapy office in Fox Chapel,both located near Pittsburgh. Acuity owns over 100 locations across 10 states,as well as a large, full-service digital lab operation, The First Look Lab,located outside of St. Louis, Missouri. The Company expects to grow to over 150 locations by early 2020.
- Carlsson Family Eye Care: Founded in 2006 by Dr. Chad Carlsson, OD, consists of one office in Gilbert, Arizona. Known for high quality family eye care from infants and children to adults and seniors,Carlsson Family Eye Center combines next-generation medical technology with extraordinary service to deliver a unique, personalized eyecare experience. They offer comprehensive eye exams, Ortho-K and scleral lens fittings, as well as a wonderful selection of quality eyewear and contacts.
- Pediatric & Adult Vision Care: Founded in 1990 by Dr. Robert Prazer, OD, a Developmental Optometrist, operates a full service practice in Wexford, Pennsylvania, as well as a Vision Therapy office in Fox Chapel. Pediatric& Adult Vision Care combines extensive experience with extraordinary service to deliver a very comprehensive and customized eye care experience. Pediatric& Adult Vision Care is also known in the community for its annual event,Vision Care from the Heart, where complimentary eye exams and glasses are provided to those in need who do not have vision insurance.
Eric Anderson, CEO of Acuity Eyecare Group, said, “We are thrilled that Carlsson Family Eye Center and Pediatric & Adult Vision Care have joined our growing Acuity family. They are both a terrific fit with our AEG team as respected local eye care practices serving their communities. Carlsson Family Eye Center has an excellent reputation for providing superior patient care and a personalized eye care experience.” Mr.Anderson continued, “Pediatric & Adult Vision Care truly embodies the spirit of promoting better patient outcomes in our community through specialized treatments and personalized vision care for the whole family.”
“The additions of Carlsson Family Eye Center and Pediatric & Adult Vision Care build on our strong presence in the Phoenix and Pittsburgh markets, respectively, as they are very complementary to our recent acquisitions in both markets,” said Bret Davis, VP Corporate Development. “Our unique Acuity growth model enables us to continue strategic expansion in existing markets while also entering new markets. We look forward to sharing more news in the near future as our growth momentum continues with key acquisitions across the U.S.”
About Acuity Eyecare Group
Acuity Eyecare Group (“AEG”) is a rapidly growing community of wholly-owned optical practices that deliver full-scope optometry coupled with a well-run dispensary. The core purpose that unifies AEG’s doctors and associates is to “improve the health of our community by helping our neighbors see better and look their best, one patient at a time”. To achieve this, AEG strives to maintain the local DNA that has made each practice successful. At the same time, AEG enables each business to elevate its operation by leveraging our “Common Platform”. Founded in March 2017, AEG currently operates 100+ locations operating under different regional brands across 10 states. For more information, please visit www.acuityeyecaregroup.com.
About Riata Capital Group
Riata Capital Group is a leading Dallas-based private equity investment firm that partners with seasoned management teams to invest in growing, profitable, privately-held companies across North America with a focus on three industry sectors: business services, consumer, and healthcare services. The firm takes a selective approach to investing in high-potential businesses whose owners and management teams want an investment partner with the capital, experience, and record of successful collaboration required to achieve their liquidity and value-creation objectives. Riata has closed over 20 acquisitions in the past twenty-four months, and over the course of their careers, the principals of Riata have sponsored over 153 acquisitions representing over $4.5 billion in transaction value. With significant investment experience, a balanced team with financial and operating expertise, a strong team of seasoned operating partners, and significant experience in the firm's core sectors, Riata provides a compelling value proposition to business owners and entrepreneurs. For more information,please visit www.riatacapital.com.