Houlihan Lokey Advises Beecken Petty O’Keefe & Company

Houlihan Lokey is pleased to announce that Beecken Petty O’Keefe & Company (BPOC) has acquired Alliance Physical Therapy Partners, LLC (Alliance), a leading provider of physical therapy services across the U.S. The transaction closed on December 21, 2021.

Alliance is a leading, national physical therapy operator with 14 distinct outpatient physical therapy brands comprising 90+ locations and a network of 450+ licensed clinicians. In addition to operating a network of outpatient clinics, Alliance partners with hospitals and various industries by providing white-labeled contracted therapy and on-site injury prevention services. Founded in 2017 and headquartered in Grand Rapids, Michigan, Alliance is committed to delivering quality and compassionate services for patients nationwide.

Founded in 1996, BPOC is a Chicago-based private equity firm that invests exclusively in healthcare companies and is one of the nation's most experienced investors in the industry, having raised five funds with total capital commitments of nearly $1.8 billion. BPOC has invested in numerous provider, manufacturing, outsourcing, distribution, and information technology companies through growth equity, management buyouts, and leveraged recapitalizations.

This transaction further strengthens Houlihan Lokey’s leadership position in the outpatient rehab sector, having advised on four closed transactions over the past 12 months, and highlights its strength in multisite healthcare, where the firm has closed 72 transactions since 2016. Houlihan Lokey's Healthcare Group is among the largest dedicated healthcare investment banking groups in the country. In 2020, the group closed 22 transactions and was ranked the No. 1 M&A advisor for U.S. healthcare transactions under $1 billion by Refinitiv. Houlihan Lokey's Healthcare Group has closed more than 300 M&A healthcare transactions since its inception.

Houlihan Lokey served as the exclusive financial advisor to BPOC.