Gen Cap America Inc said Oct. 2 that it acquired Orthopedic Physical Therapy Products. Management also invested. Financial terms weren’t announced. OPTP, of Minneapolis, provides physical therapy, fitness and wellness products.
Nashville, Tenn., October 2, 2018 – Gen Cap America, Inc. announced today that it has sponsored a buyout of Orthopedic Physical Therapy Products (OPTP) in partnership with management. Terms of the transaction were not disclosed.
OPTP, based in Minneapolis, Minnesota, is a leading provider of innovative physical therapy, fitness and wellness products, including exclusive tools and publications developed by renowned experts. OPTP’s diverse range of products, including products such as foam rollers, lumbar rolls, and exercise balls, are sold directly to healthcare professionals, clinics, personal trainers, and individuals, as well as through distributors and resellers. OPTP also provides complementary educational materials, such as books and DVDs, that help consumers and practitioners to correctly utilize its products.
Mark Isaacs, Managing Director at Gen Cap America stated, “OPTP is an excellent company with a leading reputation in the physical therapy and healthcare sectors for providing an array of high-quality products and exceptional customer services. We are excited to have the opportunity to invest in OPTP, alongside the management team, so that the company can continue on its growth trajectory.”
The OPTP management team will be led by Cathy Lindvall, who has been with OPTP for 9 years and assumed the role of CEO upon close.
Gen Cap America’s other investments in the medical space include Alpha Technics, Advantage Medical Professionals, and CoreMedical Group.
Barney Byrd, President of Gen Cap America, added “OPTP’s reputation, strong management team and long history of success made the company an excellent fit with Gen Cap America’s investment portfolio. We look forward to supporting the OPTP team in their next phase of growth.”
About Gen Cap America
Gen Cap America, Inc. is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established lower middle market businesses. For more information, visit www.gencapamerica.com.
OPTP (Orthopedic Physical Therapy Products) is a leading provider of innovative physical therapy, fitness and wellness products, including exclusive tools and publications developed by renowned experts. OPTP has the products and publications to help physical therapists, rehabilitation practitioners, athletic trainers, personal trainers or people who are just interested in improving their own health. For more information, visit www.optp.com.