Gridiron Capital Leads Majority Recapitalization of Health Monitor Network

HealthEdge, United Western and Advantage Capital Recapitalize Veridian Healthcare

September 13, 2023

Healthcare Services

HealthEdge Investment Partners, United Western Group and Advantage Capital Holdings completed a recapitalization of Veridian Healthcare, a Gurnee, Illinois-based distributor and outsourced private-label manufacturer of in‑home diagnostic, pain care management and personal care products. Veridian's founder Steve Bisulca retained a meaningful ownership stake and will remain as president while United Western operating partners Robert Friedberg and John Aldridge join the executive team; Bow River Capital provided private credit to support the transaction.

HCAP Partners Makes Growth Investment in IronRod Health

November 1, 2022

Healthcare Services

HCAP Partners, a California-based private equity firm, made a growth investment in IronRod Health to support the company's development of a SaaS remote patient monitoring platform and to expand its sales and marketing efforts. IronRod Health, founded in 2016, provides cardiology-focused remote monitoring services combining trained technicians and software; terms were not disclosed.

H.I.G. Capital Completes Recapitalization of Health Network One

October 7, 2021

Healthcare Services

H.I.G. Capital completed a recapitalization of Health Network One, a Ft. Lauderdale-based provider of specialty benefit management and provider network services for health insurers. The investment will support platform investment, capability enhancement, and accelerated growth organically and through M&A.

Gryphon Investors Majority Recapitalizes Heartland Veterinary Partners

December 12, 2019

Veterinary

Gryphon Investors has made a majority recapitalization investment in Heartland Veterinary Partners, a Chicago-based veterinary support organization with nearly 100 practices and over 200 veterinarians. Tyree & D'Angelo Partners and Heartland management retain minority stakes; Varagon Capital Partners led financing for the transaction. Terms were not disclosed.

Gridiron Capital Acquires Vistage Worldwide from Providence Equity

July 14, 2022

Professional Services

Gridiron Capital has acquired Vistage Worldwide, the global CEO coaching and peer-advisory organization, from Providence Equity Partners, with members of Vistage's executive management investing alongside Gridiron. Financial terms were not disclosed; the deal closed in July 2022 and is intended to accelerate Vistage's global growth and expand its reach to more CEOs and SMB leaders.

Gridiron Capital Invests in Cubii

October 6, 2020

Consumer Products

Gridiron Capital has made a growth investment in Cubii, a Chicago-based direct-to-consumer maker of compact seated ellipticals and connected wellness products. The founders and management will remain significant owners while Gridiron will support expansion into new channels, product categories and digital/analytics capabilities to accelerate growth.