Dallas, TX – September 28, 2022 – Riata Capital Group (“RCG”) portfolio company AEG Vision (“AEG” or the “Company”), an owner and operator of leading North American eyecare practices, announced that its network has surpassed 300 practices. Year to date in 2022, AEG has completed 41 acquisitions, comprising 55 practices.
AEG now owns and operates 312 practices across 17 states. In 2022, AEG has entered 5 new states, including Florida, Massachusetts, Michigan, Indiana, and Wisconsin. AEG has a strong pipeline of letters of intent pending closing in 2022.
“We’re excited to reach the milestone of 300 optometry practices in our nationwide network,” Eric Anderson, CEO of AEG Vision, said. “This is a landmark event for us that validates AEG’s vision to build an eyecare platform comprised of a caring community of local providers that helps our neighbors take care of their vision, one patient at a time.”
Within the eyecare market, AEG is positioned as a community-based, doctor-centric eyecare platform that provides full-scope optometric services and a comprehensive selection of lenses, frames and contacts lenses. AEG carefully screens its practices to ensure they complement AEG’s market positioning.
“After its founding in 2017 with 60 locations, AEG now has an established national presence with increasing density in each of its markets,” Jeff Fronterhouse, Managing Partner of RCG, said. “We continue to work toward our goal of building AEG into a 400+ location market-leading eyecare platform.”
About AEG Vision
AEG Vision is a rapidly-growing community of wholly-owned eyecare practices that deliver full-scope optometric services coupled with a well-run retail 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 essence of each practice that has made it successful. At the same time, AEG enables each practice to elevate its operations by leveraging AEG’s “Common Platform”. Founded in March 2017, AEG currently operates approximately over 300 practices operating under different regional brands across 17 states.
About Riata Capital Group, LLC
RCG is a leading Dallas-based private equity investment firm that partners with seasoned management teams to invest in growing, profitable, privately-held companies 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. Over the course of their careers, the principals of Riata have sponsored over 200 acquisitions representing in excess of $6.5 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 targeted sectors, Riata provides a compelling value proposition to business owners and entrepreneurs. For more information, please visit www.riatacapital.com.