Houlihan Lokey Advises Prime Providers

Houlihan Lokey is pleased to announce the successful placement of a senior secured credit facility, comprised of a revolver, senior secured term loan, and a delayed draw term loan for Prime Providers Holdings, LLC (Prime Providers), a portfolio company of The Pine Street Group (Pine Street). Proceeds from the transaction were used to refinance existing indebtedness and provide dry powder to fund a near-term acquisition. The transaction closed on November 21, 2025.

Founded in 2018 and headquartered in Long Beach, California, Prime Providers is an in-home healthcare platform providing care primarily to pediatric patients with intellectual and developmental disabilities in California. The company provides a variety of services, including private duty nursing, respite care, and a number of therapies (i.e., ABA, occupational, and speech), that offer patients and their families highly personalized care, increased independence, and further integration into the community.

Founded in 2019 and headquartered in Los Angeles, Pine Street is a lower-middle-market independent sponsor focused on investing in service-based businesses in the United States. Since inception, Pine Street has successfully acquired 13 businesses and deployed $250+ million in capital. Pine Street operates with a value-oriented mindset, seeking to invest in high-quality, growing businesses where operational improvements can unlock significant value.

Since the acquisition of the platform in 2018, the sponsor has made significant investments and implemented a series of strategic initiatives, including (i) completing nine add-on acquisitions, (ii) professionalizing the management team with a number of strategic hires, (iii) adding additional services, and (iv) expanding the company’s geographic presence in California.

Houlihan Lokey’s Capital Solutions Group served as the exclusive placement agent to Prime Providers, assisting the company in arranging, structuring, and negotiating the financing. Houlihan Lokey ran a highly efficient process and leveraged deep relationships with capital providers to find the right financing partner aligned with the company and the sponsor’s goals.

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