December 1, 2020
For Immediate Release
Indianapolis, IN. Monument MicroCap Partners, LLC (“Monument” or the “Firm”), an Indianapolis-based private equity firm, announced today that on November 20, 2020 it closed a recapitalization transaction with Synergy IOM Holdings, LLC (“Synergy” or “the Company”). Based in Dallas Texas, Synergy provides Intraoperative Neurophysiological Monitoring (IONM) for spinal, cranial, and pain management surgical procedures in Texas. IONM monitors and tracks a patient’s nervous system, spinal cord, and brain during surgery to provide guidance to a surgeon and anesthesiologist and reduce risks to a patient.
Jeff Kropholler, founder and President of Synergy said, “We are proud of the business we have built and are excited to be partnering with Monument as we continue to provide world-class IONM services to our surgeon customers and their patients. We chose Monument as our partner for the next chapter in the Synergy story because Monument understands and shares the Synergy vision and cultural values and will provide us with strategic support and capital to continue to grow. We look forward to expanding our service offering in the Dallas Fort Worth market and surrounding areas in Texas and beyond, both organically and through add-on acquisitions”.
“Jeff Kropholler is an outstanding leader who has created and built a tremendous business in the Texas IONM industry”, said Bob Erwin, CEO of Monument. “Synergy provides a compelling value proposition and is a vital partner to the surgical community in the Dallas Fort Worth area. We look forward to working with Jeff and his team”.
Synergy represents Monument’s third recapitalization transaction in 2020 and is the firm’s fourth platform investment.
About Monument MicroCap Partners, LLC
Monument is an Indianapolis-based private equity firm focused on investments in North American businesses with EBITDA of $1-5 million. Monument and its five partners bring over 200 years of collective experience acquiring, capitalizing and building small businesses. Monument seeks to partner with honest, hard-working and talented management teams across a wide variety of industries, including business services, niche manufacturing and industries positioned to capitalize on demographic trends and the growing need for infrastructure investment.
Please contact Bob Erwin at Monument (firstname.lastname@example.org) for additional information.