Revelstoke Capital Partners completed its investment in Brentwood, Tenn.-based Fast Pace Urgent Care, backed by Shore Capital Partners. Yukon Partners provided mezzanine capital in the deal.
Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, has completed its investment in Fast Pace Urgent Care. (“Fast Pace” or the “Company”), a portfolio company of Shore Capital Partners.
Fast Pace is a leading regional manager of urgent care clinics across rural Tennessee and Kentucky. The Company’s nurse practitioner model with physician oversight increases rural patient access to healthcare while delivering high quality outcomes and improving patient satisfaction.
Due to the rural focus of the Company’s current operations, many of the patients utilize the Company’s urgent care clinics as their primary care solution allowing the Company to function as an integral healthcare provider in the community.
“Fast Pace has developed a differentiated and successful rural market model which provides access to high quality, affordable healthcare centered on the patient. The Company’s focus on improving the health and quality of life for individuals and their communities, increasing access to care, and lowering costs for patients and payors addresses healthcare’s triple aim and presents a compelling value proposition for all participants,” said Simon Bachleda, Managing Partner and Co-Founder of Revelstoke. “We are enthusiastic about partnering with such a passionate and experienced management team.”
“Revelstoke’s healthcare expertise and emphasis on strategic growth initiatives will be invaluable assets as we continue to expand our reach to more communities,” remarked Stan Bevis, founder and CEO of Fast Pace.
With its investment in Fast Pace, Revelstoke has now completed 23 acquisitions, which includes eight platform investments and 15 add-on acquisitions, representing more than $1.2 billion of total enterprise value.
Ally Corporate Finance and NXT Capital underwrote the senior credit facility. Mezzanine capital was provided by Yukon Partners. Ropes & Gray LLC served as legal advisor to Revelstoke. Houlihan Lokey served as financial advisor and Winston & Strawn served as legal advisor to the Company.
About Fast Pace:
Fast Pace is the independent largest provider of urgent care and primary care services in Tennessee and one of the fastest growing companies in the industry. Since partnering with Shore Capital in 2012, Fast Pace has expanded from seven to 36 clinics. Fast Pace is headquartered in Brentwood, TN and provides convenient and affordable healthcare services to rural markets throughout Tennessee and Kentucky. Fast Pace provides treatment for a wide range of illnesses, injuries, and common conditions, in addition to diagnostic and screening services.
Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies. Revelstoke strives to partner with management teams to execute on a disciplined organic and acquisition strategy to build exceptional companies. Since the firm’s inception in mid-2013, Revelstoke has raised in excess of $700 million in equity commitments across its various investing entities.