Highlander Partners Announces The Sale Of Martin, Fletcher To Parallon Business Solutions
DALLAS, Dec. 11, 2012 /PRNewswire/ -- Highlander Partners, L.P., a Dallas-based private investment firm, today announced that Martin, Fletcher, one of its portfolio companies, has been acquired by Parallon Business Solutions, a subsidiary of HCA Holdings, Inc. The acquisition bolsters Parallon's leadership in the healthcare industry.
Headquartered in Irving, TX, Martin, Fletcher is a leading provider of locum tenens and permanent placement healthcare staffing services. It has served over 2,000 hospitals and clinics nationwide since its founding in 1999. Highlander made its investment in Martin, Fletcher in 2005, when the company was focused predominantly on permanent placements of physicians and nurses. Subsequently, Highlander oversaw the firm's aggressive and highly successful expansion into locum tenens that began in 2008 and continued through the downturn in the economy. Martin, Fletcher's strength in the locum tenens sector will broaden Parallon's service offering and reinforce its position as one of the leading healthcare services firms in the country.
Alex Guiva, Partner at Highlander and former Board Member of Martin, Fletcher stated, "We have supported Martin, Fletcher's growth plans through the economic downturn and we are very pleased to see the exceptional growth achieved by the Company in the locum tenens sector. We believe that Martin, Fletcher's combination with Parallon will bring tremendous benefits to both organizations and will allow Martin, Fletcher to expand the scope of its operations."
If you would like more information on this transaction, please contact Alex Guiva at 214-245-5000.About Highlander Partners Highlander Partners, L.P. is a Dallas-based private investment firm with partners that have committed over $400 million of principal funds for direct private equity investments in North America. The firm focuses on making investments in middle market businesses in targeted industries in which the principals of the firm have significant operating and investing experience, including healthcare, basic manufacturing, food, building materials and others. Highlander Partners uses a "buy and build" investment approach, creating value by helping companies grow organically and through acquisitions. For more information about Highlander Partners, please visit www.highlander-partners.com. SOURCE Highlander Partners, L.P.
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