Monument MicroCap Partners LLC has recapitalized Montgomery DME, a provider of durable medical equipment to hospices located primarily in Los Angeles and surrounding counties. No financial terms were disclosed.
Indianapolis, IN. Monument MicroCap Partners, LLC (“Monument”), an Indianapolis-based private equity firm, announced today that on December 14, 2018 it closed a recapitalization transaction with Interlang, Inc. d/b/a Montgomery DME (“MDME” or the “Company”).
Additionally, on January 31, 2019 Monument and MDME closed on the add-on acquisition of Abundant Home Care, Inc. (“AHC”), which has been combined with MDME to create a regionally-focused provider of durable medical equipment (“DME”) on a rental basis to hospices throughout Southern California.
Founded in 1996 and headquartered in Santa Fe Springs, CA, MDME is a leading provider of DME on a rental basis to hospices located primarily in Los Angeles and surrounding counties. The Company rents and services equipment such as hospital beds, wheelchairs, oxygen concentrators, oxygen tanks, and recliners. MDME currently services approximately 3,000 hospice patients. AHC is a provider of DME on a rental basis to hospices in San Diego and services over 400 hospice patients.
“We are excited to partner with Monument and AHC on the next chapter of our growth strategy”, said Pablo Miguel, Vice President of MDME. “Monument will provide us with strategic support and capital as we continue with our steadfast commitment to providing the highest quality of compassionate service to our clients and their patients. AHC provides us with direct access to an important geographic region that will enable us to expand our service capabilities. Our partnership with AHC is a further step in accomplishing our core mission of providing the highest level of DME and patient care to our hospice community. We welcome AHC’s hospice partners, patients and patient families to our MDME family”.
Bob Erwin, CEO of Monument, said “Pablo Miguel, the management team, and all of MDME and AHC’s associates have done an outstanding job building their businesses into world-class providers of DME to the growing hospice industry in California. The combination of MDME and AHC creates a regionally-focused DME business with the scale and capability to services clients throughout Southern California. We look forward to working with MDME and AHC as they continue on their mission of bringing top-tier products and service to their clients and patients”.
About Monument MicroCap Partners, LLC
Monument MicroCap Partners, LLC (“Monument” or the “Firm”) is an Indianapolis-based private equity firm focused on investments in North American businesses with EBITDA of $1-5 million. Monument and its five partners bring over 200 years of collective experience acquiring, capitalizing and building small businesses. The Firm seeks to partner with honest, hard-working and talented management teams across a wide variety of industries, including niche manufacturing, business services and industries positioned to capitalize on demographic trends and the growing need for infrastructure investment.