DFW Capital Partners is pleased to announce that its existing portfolio company, Evolution Research Group (“ERG”), has acquired Brain Matters Research (“BMR”), of Delray Beach, Florida.
BMR was founded by Dr. Mark Brody, a neurologist and nationally recognized expert in Alzheimer’s disease and stroke research. In addition to caring for his patients, Dr. Brody has dedicated the last 20 years to working closely with the pharmaceutical and biotechnology industries to investigate new treatments for stroke, Alzheimer’s disease, mild cognitive impairment (MCI) and other types of dementia.
Dr. Brody is excited about joining Evolution Research Group stating, “I could not be happier to be welcomed into the ERG portfolio of quality research units. ERG’s leading position in the field of neuroscience, strong infrastructure, experienced team of clinical and operational experts, dedication to quality and strong, and long-standing relationships within the industry made them the obvious partner of choice for Brain Matters as we continue to expand our business.”
ERG’s Chief Executive Officer, Lori Wright, stated “BMR’s excellent reputation in the industry for delivering quality data in neurological trials, and more specifically in the field of Alzheimer’s disease research, adds tremendous value to ERG’s established leadership position in the field of neuroscience research.”
With this acquisition, ERG has now completed five strategic add-on acquisitions since DFW’s initial investment in April 2014. ERG now owns and operates nine research units and is the largest, privately-held clinical research site company in the United States.
The acquisition was completed with additional debt financing from ERG’s existing senior lender, Benefit Street Partners L.L.C.
About DFW Capital Partners
DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. The firm concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW is backed by both institutional and high-net worth individual investors, and has established a 20+ year track record of success in building leading companies. DFW is headquartered in Teaneck, NJ, and maintains an office in Chevy Chase, MD. For more information contact Keith Pennell, Managing Partner, at (201) 836-6000.