Brazos Invests in Vision Source

Dallas-based private equity firm Brazos Private Equity Partners has made a “significant” investment in Vision Source, a Texas-based provider of supply chain solutions for independent optometrists and dentists. Terms of the transaction were not publicized. Vision Source’s existing management will continue to run the company and retain a significant equity stake in the business.

PRESS RELEASE:

Dallas, Texas, April 14, 2011 — Brazos Private Equity Partners, LLC, a leading Dallas-based private investment firm, announced today a significant investment in Vision Source, L.P. (“Vision Source” or the “Company”), the leading practice development and supply chain solutions provider for independent optometrists and dentists with a network of over 2,300 practices across all 50 U.S. states and Canada. Financial terms of the transaction, which provides capital to support the Company’s continued growth and liquidity for shareholders, were not disclosed. Existing management, led by Glenn Ellisor, O.D., Founder and CEO, will continue to run the Company and will retain a significant equity stake in the business.

Based in Kingwood, Texas and established in 1991, Vision Source provides its independent optometrist and dentist members unmatched purchasing power, professional and staff development, and practice management assistance while allowing them to maintain their independence. Vision Source practices cumulatively represent more than $1.7 billion of retail sales, making it the second largest optical network in the United States.

“The investment in Vision Source extends Brazos’ track record investing in market-leading healthcare services companies with unique business models and strong growth potential,” said Jeff Fronterhouse, Co-Chief Executive Officer and Co-Founding Partner of Brazos. “We look forward to working closely with Glenn Ellisor and his first-class management team to help Vision Source continue to execute its growth plan.”

“I am excited about Vision Source’s future, and our new partnership with Brazos is exactly what we need to reach our full potential,” said Mr. Ellisor. “Over the past 20 years, Vision Source has become a market leader serving the independent optometry and dental industries, and we look forward to leveraging Brazos’s network of relationships and expertise with growth businesses as we look to further grow our business and increase the value of Vision Source to our members.”

About Vision Source, LP
Headquartered in Kingwood, Texas, Vision Source is the leading practice development and supply chain solutions provider for independent optometrists and dentists with a network of over 2,300 practices across all 50 U.S. states and Canada. The Company offers its members unmatched purchasing power, professional and staff development, and practice management assistance while allowing them to maintain their independence. While optometry is the Company’s core business line, it has recently expanded into the dental market with the formation of its Smile Source subsidiary.

About Brazos Private Equity Partners, LLC
Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.4 billion of equity capital. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. Brazos seeks to partner with outstanding management teams and/or families of closely-held businesses to maximize value. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed 56 acquisitions. Brazos has invested in a broad range of industries including healthcare services, distribution, consumer, business services, restaurants, financial services and manufacturing.

For additional information about Brazos, please visit the firm’s website at www.brazospartners.com.