|[December 04, 2013]
Generation Growth Capital, Inc. Announces Acquisition of Garden & Associates, Inc.
MILWAUKEE --(Business Wire)--
Generation Growth Capital, Inc. ("GGC"), a private equity firm that
invests in lower middle market companies, announced today that it has
acquired Garden & Associates, Inc. ("Garden").
For over 30 years, Garden & Associates, Inc. has focused on providing
interpretation services for Limited English Proficiency patients in
hospitals, clinics, and other healthcare environments-boasting a roster
of interpreters highly skilled in over 100 languages and dialects.
Additionally, Garden provides document translation and serves legal,
corporate, and government entities. The existing management team will
continue operating the business following the transaction. GGC expects
to make significant additional investments in the business to support
Tom Garden and Debbie Garden, the previous owners of Garden &
Associates, Inc., will remain with the company. "It was crucial for us
to connect with a team that understood our customers, shared our values,
and offered a foundation to grow within the industry. GGC was
undoubtedly the right fit," remarked Tom Garden, CEO of Garden &
John Reinke, a Managing Director of Generation Growth, commented, "Tom
and Debbie Garden have done a great job of buiding the Garden &
Associates business and developing a strong reputation for quality
interpretation services in the Minnesota market. We plan on making
investments in operational systems and continuing to focus on the strong
customer relationships that the Gardens have developed to continue to
drive the growth of the company."
Cory Nettles, a Managing Director of Generation Growth Capital, added,
"Garden & Associates is a great fit for the GGC investment model and we
look forward to supporting the company's continued growth. We believe
attractive investment opportunities exist in niches of the healthcare
services and manufacturing markets and we are pursuing these
opportunities within our geographic focus areas."
Generation Growth Capital invests in small businesses to support a broad
range of growth opportunities and ownership transitions. By partnering
with solid management teams, GGC adopts a proactive, collaborative
approach that builds the businesses in which they invest.
Senior financing was provided by Anchor Bank. Mezzanine financing was
provided by ExMarq Capital Partners. Terms of the transaction were not
About Generation Growth Capital Fund II, LP
Generation Growth Capital Fund II, LP is a Milwaukee-based private
equity firm focusing on investments in small businesses to support
growth opportunities. Generation Growth Capital funds now have
investments in nine portfolio companies. Please visit www.generationgrowth.com
for more information.
About Garden & Associates, Inc.
Garden & Associates, Inc. is a Minneapolis, Minnesota-based provider of
outsourced language services to the medical market. Garden also provides
document translation and serves legal, corporate, and government
entities. Please visit www.gardentranslation.com
for more information.
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