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Brookside Mezzanine Partners Provides Unitraunche Facility to Longhorn Health Solutions

March 07, 2013, 07:12 AM
Filed Under: Medical

Brookside Mezzanine Partners announced its recent investment in Longhorn Health Solutions. Headquartered in Austin, TX, Longhorn is a direct-to-home provider of consumable medical supplies, durable medical equipment, and pharmaceutical prescriptions serving the Medicaid, Medicare, and privately insured populations across Texas. Longhorn offers customers a comprehensive range of high quality disposable medical products, including incontinence supplies, enteral nutrition, and diabetic testing supplies.

Brookside Mezzanine Partners provided a unitranche credit facility and preferred equity to support the acquisition of Longhorn by Satori Capital. Satori is a Dallas, Texas-based private equity firm that partners with management teams of companies building significant long-term value through a sustainable approach.

"Brookside Mezzanine Partners has served as an outstanding source of intelligent, strategic, flexible, and reliable capital," said John Grafer, a Satori principal. "They've mastered the delicate balance of providing our management teams with the room they need to grow their businesses while protecting and maximizing their investors' capital. We've partnered with Brookside twice, and we look forward to doing so again."

Brookside Mezzanine Partners provides subordinated debt and minority equity to small and mid-sized companies seeking long-term capital to support leveraged buyouts, strategic acquisitions, growth capital and recapitalizations. Target companies generally have trailing twelve month revenue and EBITDA of at least $15 million and $3 million, respectively. Brookside Mezzanine Partners manages $250 million through two mezzanine funds.







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