has been acquired by
Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to 626 Holdings Equity, LLC (“626” or the “Company”), a leading provider of imaging equipment maintenance services, to Peak Rock Capital (“Peak Rock”), a middle market private equity firm.
Founded in 2012, 626 is a leading provider of imaging equipment services, focused on providing responsive service to outpatient imaging centers, hospitals, and other Independent Service Organizations. 626 is one of the fastest growing third party imaging servicing companies in the U.S. and provides expertise in virtually all medical imaging equipment manufacturers and modalities. Headquartered in Delray Beach, Florida, the Company has built an excellent reputation in the industry for its high-quality, rapid service and national footprint.
“I am incredibly proud of the organization that our team has built, and how our technical expertise and excellent service levels have allowed us to achieve industry-leading growth. I’m excited to add Peak Rock as a partner, as their resources and expertise will support us in further expanding our imaging services platform,”” said Phil Revien, co-founder and Chief Executive Officer of 626. “We are grateful to Cascadia for being a trusted advisor in the formation of this partnership. Their industry expertise and knowledge of the investor landscape proved immensely valuable in this process.”
“This is an excellent outcome for a great client,” added Adam Stormoen, Cascadia Capital Managing Director. “We have a deep focus in the medical equipment service sector and are supporting several additional clients in the space.”
For more information about this transaction, please contact the Cascadia Capital deal team:
Adam Stormoen
Managing Director
astormoen@cascadiacapital.com
(612) 260-8060
Vitaliy Marchenko
Senior Vice President
vmarchenko@cascadiacapital.com
(253) 314-3143
Other senior members of the Cascadia Healthcare team include:
Kevin Cable
Managing Director
kcable@cascadiacapital.com
(206) 696-7922
Novan Le
Vice President
nle@cascadiacapital.com
(206) 436-2510