NewSpring Capital and Graycliff Partners Invest in Alpha Imaging

NewSpring Mezzanine

Radnor, PA – November 9, 2015 - NewSpring Capital, a family of private equity funds providing growth and expansion capital, and Graycliff Partners, an independent investment firm focusing on middle market private equity and mezzanine investments,  announced today an investment in Alpha Imaging, LLC along with Caymus Equity.  Each NewSpring and Graycliff invested through their respective mezzanine funds.                    

Headquartered in Willoughby, Ohio, Alpha Imaging (“Alpha”) is one of the largest independent sales and service providers of advanced medical imaging equipment in the nation.  In the past 29 years, the Company has developed ongoing relationships with over 500 unique accounts representing over 1,100 healthcare facilities throughout the Midwest, Mid-Atlantic and Southeast. 

"Alpha Imaging has a great opportunity for growth and we look forward to working with the management team as they strive to accomplish their goals," said Anne Vazquez, NewSpring Principal.  “We are pleased to partner with Graycliff and believe Alpha will continue to generate trusted partnerships with their customers, helping to strengthen their already great position within their market.”                               

“We are excited about our partnership with Alpha Imaging and NewSpring Capital and see significant opportunity ahead in the medical imaging sector,” said Andrew Trigg, Managing Director at Graycliff Partners.  “Alpha Imaging and its strong management team will serve as an excellent platform for continued growth.” 

"Alpha Imaging is proud to take this next step with NewSpring, Graycliff and Caymus,” said Michael Perrico, CEO of Alpha Imaging.  "We look forward to the support of these experienced teams as we continue to provide best-in-class products and services to our customers while expanding and growing our business.”

About Alpha Imaging

Alpha Imaging is one of the United States' largest distributors of medical imaging equipment. Celebrating 29 years of operations, they sell and service diagnostic imaging equipment for several major manufacturers including Shimadzu Medical Systems, Hologic, Canon, Konica Minolta, Omega Medical Systems, Neusoft Medical Systems and Infinitt North America. Alpha Imaging delivers on promises and, in return, customers have made them one of the fastest growing small businesses in the United States.  Find out more at www.alpha-imaging.com.

About Graycliff Partners

Graycliff Partners is an independent investment firm focusing on middle market private equity and mezzanine investments in the United States and Latin America. Graycliff Partners LP is an SEC-registered investment advisor under the US Investment Advisors Act of 1940, as amended. Since 1991, the Graycliff Partners team, previously operating as HSBC Capital, has invested over $1 billion and completed over 80 transactions. With offices in New York and São Paulo, Graycliff Partners seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, recapitalizations, growth and expansion. For more information about Graycliff Partners, please visit www.graycliffpartners.com.

About Caymus Equity

Caymus Equity is a private equity firm that invests in profitable lower middle market companies with significant growth potential.  Caymus Equity’s collective experience spans over 100 years of investment and operating success. It includes identifying potential opportunities; building, retaining, motivating, and rewarding executive talent; targeting and integrating acquisitions; and executing timely exits. The Company’s professionals have been operating executives, including company founders, C-level executives, and board leaders. The challenges that small businesses must overcome today, Caymus Equity know firsthand. Overcoming those challenges in order to maximize success starts and ends with great partners.  For more information about Caymus Equity, please visit www.caymusequity.com.