Synergy IOM LLC, which is backed by Monument MicroCap Partners, has recapitalized Satellite Medical, a provider of intraoperative neuromonitoring services for spinal, cranial and other surgical procedures. No financial terms were disclosed.
Indianapolis, IN. Monument MicroCap Partners, LLC (“Monument”), a Midwest-based private equity firm, announced today that on January 26, 2022, its portfolio company, Synergy IOM LLC (“Synergy”) recapitalized Satellite Medical, LLC (“Satellite”). Based in the San Francisco area, Satellite provides intraoperative neuromonitoring services for spinal, cranial and other surgical procedures.
“We couldn’t be more excited to be partnering with Terry Sisco, Andrea Sieczkarek, and Mike Miller and the talented team at Satellite”, said Jeff Kropholler, President of Synergy. “Satellite represents another tremendous platform to continue our geographic expansion into Northern California and other neighboring regions. We welcome Satellite and their clients to the Synergy family”.
“As we look to the next growth chapter of Satellite, it was critical for us to join forces with a like-minded firm that had aggressive growth objectives in mind”, said Terry Sisco and Andrea Sieczkarek of Satellite. “Synergy is the perfect partner for Satellite, and we look forward to growing the combined business alongside Jeff and his team.”
Satellite represents the second recapitalization by Synergy, which was recapitalized by Monument 14 months ago.
About Synergy IOM, LLC
Founded in 2012 and headquartered in Southlake, TX, Synergy provides Intraoperative Neurophysiological Monitoring (IONM), or neuromonitoring for spinal, cranial, and pain management surgical procedures in Texas as well as Southern California through their prior acquisition in Vigilant.
About Monument MicroCap Partners, LLC
Monument is a Midwest-based private equity firm focused on investments in North American businesses with EBITDA of $2-8 million. Monument seeks to partner with honest, hard-working and talented management teams across a wide variety of industries, including business services and industries positioned to capitalize on demographic trends and the growing need for infrastructure investment.