Houlihan Lokey Advises Kohlberg & Company

Houlihan Lokey is pleased to announce that Kohlberg & Company, LLC (Kohlberg) has completed a growth capital partnership with Orthopaedic & Neurosurgery Specialists (ONS). The transaction closed on July 8, 2019.

ONS, headquartered in Greenwich, Connecticut, is a multispecialty physician group with three locations in Greenwich, Stamford, and Harrison. The company's clinical offering covers a wide range of subspecialties including orthopedic, sports medicine, joint replacement, neurosurgery, physiatry, and ancillary services such as physical therapy and MRI. ONS partners operate an ambulatory surgery center and an urgent care center, providing the highest quality of care through a full continuum of care.

Kohlberg is a leading private equity firm headquartered in Mount Kisco, New York. Since its inception in 1987, Kohlberg has organized eight private equity funds, through which it has raised more than $7.5 billion of committed equity capital. Over its 32-year history, Kohlberg has completed 76 platform investments and nearly 200 add-on acquisitions, with an aggregate transaction value of more than $15 billion.

Houlihan Lokey served as the exclusive financial advisor to Kohlberg in the ONS transaction. This transaction highlights Houlihan Lokey's continued leadership within the physician practice management and retail healthcare sector, having closed 35 transactions in this space since 2016, including 11 transactions over the past twelve months. Houlihan Lokey's Healthcare Group is among the largest dedicated healthcare investment banking groups in the country. In 2018, Houlihan Lokey was ranked the No. 1 M&A advisor for all U.S. healthcare transactions by Thomson Reuters.