Silver Oak recaps Dasco

Silver Oak Service Partners has recapitalized Westerville, Ohio-based Dasco, a provider of durable medical equipment.

Silver Oak Service Partners has recapitalized Westerville, Ohio-based Dasco, a provider of durable medical equipment. No financial terms were disclosed. Citizens M&A Advisory was financial advisor to Dasco on the deal.

PRESS RELEASE

PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to DASCO Home Medical Equipment in its recapitalization by Silver Oak Service Partners. DASCO will continue to operate under the leadership of CEO Rachel Mazur and President Jason Seeley.

Headquartered in Westerville, Ohio, DASCO is a leading regional distributor of durable medical equipment, specializing in respiratory equipment such as home oxygen, non-invasive ventilation and CPAP equipment for sleep apnea. Owned and operated by the Seeley family since 1987, DASCO serves patients and referral sources throughout Ohio, Indiana, Kentucky and West Virginia. The company’s unique business model includes local branches, joint ventures with area hospital systems and two CPAP Central retail locations.

Mazur said about the recapitalization, “We are thrilled to be partnering with Silver Oak. Their expertise investing in healthcare services businesses like DASCO is exactly what we are looking for in a partner to help us accelerate our company’s growth.”

Seeley added: “We are so appreciative of the Citizens M&A team for their dedication advising us through the M&A process, understanding our goals and bringing us together with Silver Oak.”

“It has been a pleasure working with such an exceptional home health organization as DASCO,” said Citizens Managing Director Andrew Male. “We are honored to have represented the Seeley family in this recapitalization and are excited to see DASCO continue to grow through its partnership with Silver Oak.”

Citizens M&A Advisory specializes in middle-market mergers and acquisitions as well as later-stage financing transactions. Citizens combines sector intelligence with a client-focused approach to realize our clients’ true value. The Citizens team has closed more than 130 transactions in the last five years and has more than 80 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE:CFG).
For more information, please go to the Citizens M&A Advisory website.

About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $165.7 billion in assets as of December 31, 2019.

Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,700 ATMs and approximately 1,100 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.