Private Equity Firm Makes Strategic Hire to Support Growth

December 18, 2020 --CHICAGO--(BUSINESS WIRE)--Shore Capital Partners (“Shore”), a private equity firm focused on microcap investments within the Healthcare and Food and Beverage industries, is pleased to announce Justin Bentley has joined the firm as Head of Capital Markets.

Justin is responsible for leading the firm’s capital markets efforts, including the financing activities of all new investments and portfolio companies, as well as developing and managing banking and intermediary relationships.

"It is my pleasure to welcome Justin to Shore," said Justin Ishbia, Managing Partner. "His impressive track-record and deep understanding of capital markets will be a key enabler of our growth at Shore and portfolio companies. We look forward to Justin’s continued success and leadership.”

“Shore has developed a unique and highly effective approach that has produced tremendous results,” said Mr. Bentley. “We are extraordinarily well-positioned for sustained success, and I am thrilled to join the team to lead our capital markets efforts and contribute to our growth.”

Mr. Bentley joins Shore with 16 years of leveraged finance experience. He most recently served as a Director at Vista Credit Partners, where his responsibilities included capital raising and the sourcing, evaluation, and execution of credit investments in software and technology companies. Prior to Vista, Justin was a Director at Madison Capital Funding and was responsible for all aspects of direct lending investments as well as building the firm’s asset management and CLO platforms. After earning his B.S. in Finance from the University of Illinois, Justin started his career as a Derivatives Analyst on the Chicago Board of Trade floor.

About Shore Capital Partners

Shore Capital Partners is a Chicago-based private equity firm focused on microcap Healthcare and Food and Beverage investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has $1.1 billion of equity capital under management through various investment vehicles. For more information on Shore, please visit www.shorecp.com.

November 19, 2020 06:30 AM Eastern Standard Time

CHICAGO & OVERLAND PARK, Kan.--(BUSINESS WIRE)--Shore Capital Partners (“Shore” or “Shore Capital”) is pleased to announce it has completed a recapitalization of Old World Spices and Seasonings (the “Company” or “Old World”), a manufacturer of custom ingredient solutions based in Overland Park, Kansas.

Founded in 1988 as Industrial Ingredient Sales, Inc. by John Jungk, Old World is a manufacturer of custom blended spices, seasonings, ingredients, dry food products, and sauces for the retail, foodservice, and industrial channels. Old World operates out of an SQF certified 78,000 sq. foot manufacturing facility in Concordia, Missouri. The Company also maintains a corporate office and R&D center in Overland Park, Kansas. The Company offers R&D and co-development support, flexible and nimble manufacturing services, and diverse packaging options to its valued customers.

Shore Capital is partnering with the Company’s management team, which has helped guide Old World through a period of tremendous expansion since setting out on a new growth strategy in 2013.

“We are thrilled to announce our partnership with Shore Capital, and we are confident our combined teams, networks, and resources will further enhance our ability to provide best-in-class service, innovative solutions, and quality products to our customer partners,” said Russ Meinhardt, CEO of Old World. “Our team is eager to capitalize on the significant opportunity for growth and consolidation in the spices, seasonings, and specialty ingredients space, and we look forward to working with the Shore team to maximize our potential.”

Shore plans to invest in the business development, research and development, sales and marketing, and production infrastructure of the Company to further refine operations. Together, Old World and Shore will explore opportunities for inorganic growth through acquisitions, and organic growth through adjacent product lines, manufacturing capabilities, and distribution channels.

“John, Walt, Russ, Amy, Beth and the rest of the Old World team have built an amazing business and we are truly honored to partner with them in the next exciting chapter of growth,” said Richard Boos, Partner at Shore Capital and Chairman of Old World. “We look forward to building the business with a keen focus on existing customer partnerships and expansion into new relationships.”

CHICAGO--(BUSINESS WIRE)--Shore Capital Partners (“Shore”), a Chicago-based private equity firm, is pleased to announce it has entered into a strategic partnership with the Women’s Health Group (“WHG”). WHG, led by founder Dr. Stephen Volin, is a leading obstetrics and gynecology (“OB/GYN”) services provider with nine locations, including a midwifery practice, birthing center, surgery center and six clinical locations in Greater Denver. WHG is a leading practice in the Denver market, offering comprehensive medical and surgical OB/GYN services including in-office procedures, pelvic support treatment, and minimally invasive surgical techniques.

Shore Capital is partnering with WHG’s six existing partner physicians, Dr. Stephen Volin, Dr. Cindy Long, Dr. Kristin Head, Dr. Andrea Burgess, Dr. Colleen Begley, and Dr. Kristen Garcia, all of who have established a reputation for high quality medical and surgical obstetrics and gynecological care. Since its founding in 1994, the physicians and the team at WHG have demonstrated impressive growth through the opening of new clinical locations, adding new service lines and capabilities, and recruiting talented, high-quality physicians to the practice.

“We are proud of what we have built as a team and are excited to continue expanding and developing our patient offerings in a new phase of transformational growth. The partnership with Shore Capital will help us to further our medical mission across a broader geographic footprint in the Mountain West. We are delighted to partner with Shore as they share our vision to deliver clinical excellence alongside a comprehensive patient experience,” said Dr. Stephen Volin, Chief Medical Officer of Women’s Health Group.

Shore and WHG plan to invest in people, processes, and infrastructure to support the operations, finance, accounting, compliance, marketing, human resources, IT and other support services, allowing clinicians to focus on providing the highest quality of care for women.

“We are thrilled to partner with the entire WHG team. Having established a world-class practice, WHG is experiencing significant growth and understands the value of a strategic partnership as they continue to augment and build on their success,” commented Mike Cooper, a founding partner of Shore Capital and Chairman of WHG.

WHG will pursue affiliations with strong independent obstetrics and gynecological practices across the region in order to build a leading network of doctors that maintains a patient-first culture with a clear focus on high-quality clinical care.

“We have high aspirations about the partnership with Shore and are excited about what we can collectively accomplish and offer to our patients,” added Dr. Volin. Dr. Cindy Long, Partner and Board Member, noted, “This partnership provides us with access to strategic capital, administrative support resources, operating expertise and strategic guidance while remaining committed to clinical quality.”

“We look forward to creating a leading provider of OB/GYN services in the region, while offering the highest level of support to our practices and clinicians,” said Cooper. “WHG provides an exceptional foundation to build a best-in-class organization that seeks to be the partner of choice for practices who provide high quality patient care and desire a strategic partner to support their business operations and accelerate growth.”

WHG represents the fourth platform investment out of Shore Capital Partners Fund III, L.P., a $293 million investment vehicle raised in April 2019.

To learn more about Women’s Health Group, please visit www.whg-pc.com.

PitchBook -- November 13, 2020 -- Ranking the busiest PE firms, VC firms and more of Q3 -- Shore Capital Partners lacks the financial firepower of private equity giants like KKR and The Carlyle Group. But during Q3, the Chicago-based investor was the busiest private equity firm in the world. It closed 48 deals between the start of July and the end of September, outpacing the second most active firm, KKR, by 45%. Full story here.

PitchBook -- November 12, 2020 -- Q3 2020 Interactive Global League Tables -- PitchBook's Q3 2020 Global League Tables in full are below, presented in an interactive format. At PitchBook, we always strive to find new and hopefully better ways to present useful data, so starting in 2020 we have created an interactive set of tables so you can more easily navigate the full rankings or find the specific table you want more swiftly. Full story here.

Strategic Partnership with Southern Sports Medicine Partners Includes Four Locations in West Florida

CHICAGO, IL, November 2, 2020 – Business Wire - Shore Capital Partners (“Shore”), a private equity firm, is pleased to announce it has founded Southern Sports Medicine Partners (“SSMP”), through the completion of a strategic partnership with Southern Sports Medicine Partners (“SSMP”). SSMP provides interventional pain management practices with administrative support, so physicians can focus on delivering the highest quality of patient care.

SSMP, led by founder Dr. Peter Jaffe, provides patient-centric care at four locations in the Naples, FL area. Mike Cooper, a founding partner of Shore, commented, “We are thrilled to partner with Dr. Jaffe. He is one of the most respected and well-known physicians in West Florida. Having built a world-class practice, Dr. Jaffe shares our vision to deliver clinical excellence at greater scale.”

Dr. Jaffe said, “I partnered with Shore for their track record of transformational growth in healthcare and a shared belief in what it will take to be the leading interventional pain management platform in the Southeast. As healthcare continues to become more retail and consumer-oriented, the time is ideal to embrace growth, patient experience, and best in class programs and options for physicians in all stages of their careers. Southern Sports Medicine Partners is off to a great start and I have high aspirations for what we can achieve.”

SSMP will grow its platform across the region by investing in people and processes to support the operations, finance, accounting, marketing, human resources, and IT functions at affiliated practices, thereby allowing physicians to focus on clinical excellence and serving their communities. SSMP will pursue affiliations with independent interventional pain management practices to build a network of top clinicians in a physician-led culture.

“We are building a leader of scale in pain management and sports medicine, starting with Dr. Jaffe and his team,” said Mr. Cooper. “We are well-positioned to support the continued transition to consumer-directed healthcare, while maintaining the physician’s role and clinical expertise as the most critical aspect of treatment. Additionally, Shore has helped to bring together an exceptional board of directors consisting of industry thought leaders and physicians alike to guide our strategy and growth plan.”

SSMP represents the third platform investment out of Shore Capital Partners Fund III, L.P., a $293 million investment vehicle raised in April 2019.

To learn more about Southern Sports Medicine Partners, please visit www.http://www.southernsportsmp.com.

About Shore Capital

Shore Capital Partners is a Chicago-based private equity firm focused on microcap Healthcare and Food and Beverage investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has $1.1 billion of equity capital under management through various investment vehicles. For more information on Shore, please visit www.shorecp.com.

Commitment to Partnership Lands Spot in Annual Roundtop of Top Founder-Friendly Firms

CHICAGO, IL, October 30, 2020 – Shore Capital Partners (“Shore”), a private equity firm focused on microcap investments within the Healthcare and Food and Beverage industries, is pleased to announce its recognition on Inc.’s annual Private Equity 50 list of the most Founder-friendly private equity firms.

“Being recognized as a top choice for Founders is a proof point for our vision to be the premier microcap investor and first choice for entrepreneurs and executives seeking a growth partner,

" said Justin Ishbia, Managing Partner. "Our management philosophy is rooted in a shared vision of success developed jointly with our entrepreneurs. We take great pride in these partnerships and the teamwork it takes to generate consistent and repeatable results in the top 1%."

In a company statement, Scott Omelianuk, editor-in-chief of Inc. said, “I get the chance to interact with many entrepreneurs who have relentless drive and want to build a business that fixes problems, improves a process, or makes the world a better place. But to do that, it often takes the backing from a private equity firm that will provide more than just financial backing. It takes wholeheartedly supporting that vision and treating the Founders like partners.”

About the Private Equity 50 List

Inc. official materials state: the final list recognizes 50 firms that entrepreneurs can trust, collaborate with on new strategies, and look to help in financing acquisitions during these uncertain times. All 50 have a successful track record of backing entrepreneurs.

Mr. Omelianuk added in his recognition letter, “Applications for this year’s list were up more than a third over last year, and the final 50 firms came out on top in a highly competitive process, benefiting from a wealth of references from entrepreneurs who shared their positive experiences partnering with private equity.”

To compile the list, Inc. went straight to the source: entrepreneurs who have sold to private equity. Founders filled out a questionnaire about their experiences partnering with private equity firms and shared data on how their portfolio companies have grown during these partnerships.

To see the complete list of The Best Private Equity Firms for Entrepreneurs, visit: https://www.inc.com/private-equity/2020.

About Shore Capital Partners

Shore Capital Partners is a Chicago-based private equity firm focused on microcap Healthcare and Food and Beverage investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has $1.1 billion of equity capital under management through various investment vehicles. For more information, please visit www.shorecp.com.

About Inc.

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the Founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

CHICAGO--(BUSINESS WIRE)--Shore Capital Partners (“Shore”), a private equity firm focused on microcap investments within the Healthcare and Food and Beverage industries, is pleased to announce three new senior additions to its Chicago team.

These roles support Shore’s continued growth and strategy to provide operational expertise to portfolio companies.

"It is my pleasure to welcome Alex, Ankeet and Riley to Shore," said Justin Ishbia, Managing Partner. "Each will play an important role in our vision to be the premier microcap investor. We look forward to their contributions and teamwork."

Alex Nevill, Senior Associate. Prior to joining Shore, Mr. Nevill held a Senior Associate role at GTCR, where he focused on Healthcare. Earlier in his career, he had various Investment Banking positions in the Healthcare division at J.P. Morgan. Mr. Nevill earned a Bachelor of Science in Business from Indiana University.

Ankeet Patel, Senior Associate. Most recently Mr. Patel served as an Associate for Abry Partners. Previously he held roles of increasing responsibility at Madison Dearborn Partners and Citi Global Investment Banking. Ankeet earned a Bachelor of Science in Economics from the University of Illinois at Urbana-Champaign.

Riley Hall, Director. Ms. Hall joins the Shore Resource Team from PwC where she most recently served as a Senior Manager in the Deals platform, focusing on transaction execution and strategic planning. Ms. Hall earned a Bachelor of Science in Accounting and Finance as well as her Master of Business Administration from St. Bonaventure University in Buffalo, New York. She is a Certified Public Accountant.

About Shore Capital Partners

Shore Capital Partners is a Chicago-based private equity firm focused on microcap Healthcare and Food and Beverage investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has over $1 billion of equity capital under management through various investment vehicles. For more information on Shore, please visit www.shorecp.com.

March 4, 2020 – Shore Capital Partners (“Shore”), a Chicago-based private equity firm focused on microcap investments within the Healthcare and Food and Beverage industries, is pleased to announce the sale of its autism services portfolio company, Florida Autism Center / Fusion Autism Center (“FAC”), to BlueSprig Pediatrics (“BlueSprig”), a leading Houston, Texas based provider of autism services.

Shore Capital partnered with FAC founder Chryssy Moor’s four locations in 2015 with a goal of building the leading autism services platform in the southeast. Led by Chief Executive Officer Kristy Rohwedder, the team at FAC has evolved from its entrepreneurial beginnings into a rapidly growing enterprise, supported by highly scalable corporate infrastructure and a best in class leadership team. FAC is recognized industry wide as a market leader in the southeast with 52 total locations across Florida and Georgia. During the course of the partnership, Shore and the FAC management team have executed a repeatable de novo growth plan that has allowed the Company to scale rapidly in order to bring best-in-class autism services to as many clients as possible.

“We are pleased to have partnered with Kristy and Chryssy to build FAC into one of the leading autism services providers in the country,” said John Hennegan, co-founder of Shore Capital. “FAC demonstrates what is possible when clinically and operationally focused executives and investment professionals collaborate to build a business that provides desperately needed services into an attractive end market.

“Our goal has always been to increase the availability of our valuable services, so we can continue to positively impact the lives of children and families, and our partnership with BlueSprig will only increase our reach. We believe both organizations share an absolute commitment to providing the highest quality clinical services and that our values and philosophies are a wonderful fit,” said Kristy Rohwedder, CEO of FAC. “Shore’s operational oversight and financial support coupled with our management’s industry and clinical expertise helped facilitate the platform’s rapid expansion and we are excited to begin our partnership with BlueSprig to fuel the next phase of growth for FAC.”

The transaction closed on March 4, 2020. Terms of the transaction are not disclosed. Cain Brothers, a division of KeyBanc Capital Markets, provided M&A advisory services and Winston & Strawn provided legal advice to Shore Capital and FAC.

September 19, 2019 ‐ Founded in 1987 by Steve Marks and Harvey Nelson, Main Street Gourmet is a custom wholesale bakery providing frozen baked goods, including muffins, cookies, granola, brownies and bars, and other sweet goods to retail in-store bakery (“ISB”) and specialty foodservice customers across the United States. MSG operates out of an SQF certified 68,000 sq. foot manufacturing facility with approximately 160 employees in Akron, OH, and has been an important part of the community for more than 30 years.

Shore Capital is partnering with Mr. Marks and Mr. Nelson, the full MSG management team, and the previous majority shareholders, Clover Capital Partners, who helped guide the Company through a period of tremendous growth since partnering with the business in 2011. “We are proud of the custom and solutions-oriented bakery model we have built and scaled as a team and are excited to continue to serve our customers with a diverse range of high quality and differentiated products through a new phase of transformational growth. Our partnership with Shore Capital will allow us to accelerate our organic growth through expanding on our product capabilities, serving additional retail ISB and specialty foodservice customers and broadening our footprint by pursuing acquisitions with other differentiated bakeries in adjacent categories and channels,” said Mr. Nelson, CEO of MSG.

Shore plans to invest in the business development, sales & marketing, and production infrastructure to further enhance operations and explore opportunities for inorganic growth through acquisitions and organic growth through adjacent product lines, customers and distribution channels. “I have high aspirations for what we can collectively accomplish alongside Shore Capital and are excited to partner with a group that understands our value proposition as a custom, value-added supply chain partner. We continue to strive to be highly responsive with product development, able to commercialize new ideas in collaboration with our customers, and maintain flexibility to work with unique ingredients and processes,” added Mr. Marks, who formerly served alongside Mr. Nelson as co-CEO and will be serving on the Board of Directors under the partnership with Shore Capital.

“We could not be more excited to partner with the entire MSG team and look forward to creating a leading multi-regional bakery platform in the U.S. with a diverse range of high quality products, manufacturing capabilities and commitment to superior customer service,” said Richard Boos, Partner at Shore Capital and Chairman of MSG. “Harvey, Steve and Clover Capital have built an excellent business model focused on custom and solutions-driven products for its ISB and foodservice customers and we will work hard to collaborate with them to build on their success.”

About Shore Capital

Shore Capital is a Chicago-based private equity firm focused on microcap investments within the Healthcare and Food and Beverage industries. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has over $1 billion of equity capital under management through various investment vehicles. For more information, please visit: www.shorecp.com.