An affiliate of Peak Rock Capital, a middle-market private equity firm, has completed an acquisition of 626, an imaging equipment maintenance services provider, in partnership with the company’s founders and management team. The company 626 is focused on providing responsive service to outpatient imaging centers, hospitals, and other independent service organizations.
Spencer Moore, managing director of Peak Rock, says, “626 represents a tremendous opportunity to partner with the founders and management of a leading services and maintenance business in the imaging sector, helping to reduce healthcare costs and support high quality patient care. The Company has an impressive track record of growth, and we’re excited to support the Company’s continued investment in sales and technology initiatives, footprint expansion and strategic acquisitions.”
The company provides expertise in an array of medical imaging equipment, across a variety of manufacturers and modalities.
“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” says Phil Revien, co-founder and CEO of 626. “I have always aimed to partner with the best people in our industry, and our team reflects that. 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.”
Founded in 2012, 626 is a fast-growing third-party imaging services company. “We have found a strong cultural fit and shared vision with the Peak Rock team and are confident Peak Rock’s expertise will help us to accelerate our growth through organic initiatives and acquisitions,” says Michael Fischer, co-founder and president.
Anthony DiSimone, CEO of Peak Rock, added, “This transaction is another example of Peak Rock’s deep experience in providing capital to founder-owned companies with significant growth potential. It also highlights our continuing efforts to expand our investment activity into resilient businesses in the healthcare sector.”
