The Vanderbilt University Board of Trust elected seven new members at its April 30 meeting. Dr. Makeba Williams Boatwright, BS’98; Sean Connolly, BA’88; Jennifer R. Frist, BS’93; George Huber, BA’79; Justin Ishbia, JD’04; Robert M. Levy, BA’72; and Conner Searcy, BA’96, will serve five-year terms beginning July 1. In addition, Kenya Wright, BA’18, will begin her two-year term on the board as a Young Alumni Leader on July 1.

“I am delighted to welcome our newest trustees, each of whom shares the board’s dedication to continuing to raise Vanderbilt’s profile as a global leader in teaching and discovery while preserving our One Vanderbilt spirit of collaboration,” said Bruce Evans, BE’81, chairman of the Board of Trust.

“Justin Ishbia is a rising star in the private equity industry who brings a deep skill set in investment and law to our board,” Evans said. “He shares our commitment to Vanderbilt’s continued advancement and will help us chart a course for the future.”

Ishbia is a member of the Law School Board of Advisers. In 2015, he established the Justin R. Ishbia Scholarship to provide financial support for deserving students at the Law School. He has been a guest lecturer at the Owen Graduate School of Management and recently delivered the opening keynote address at the Vanderbilt Entrepreneurship Conference.

Click Here to read full article.

As we cross the finish line of 2020 and look forward with optimism to 2021, we are humbled by the perseverance and accomplishments of so many friends, families, operating partners, and the roughly 15,000 team members of Shore portfolio companies.

A few highlights from 2020 that we'd like to share:

1) Portfolio growth from 20 to 26 companies, as we welcomed the teams from Women's Health Group, Old World Spices and Seasonings, Northeast Health Services, Jaffe Sports Medicine, Tandem Family of Companies, Column Health, Together Women’s Health, and announced the sale of Florida Autism Center to BlueSprig Pediatrics.

2) Recognition from the investment community as a Top Founder-Friendly Firm and Most Active PE Firm in the world during the third quarter.

3) Formation of The Shore Capital Charitable Foundation to initially provide tax free financial assistance to individuals and families impacted by the COVID-19 crisis. Long term, the Foundation will help Shore portfolio company team members and families in a variety of ways.

For more information about what's happening at Shore Capital Partners, visit the News section of our website or follow Shore on LinkedIn and Twitter.

CHICAGO & VANCOUVER, Wash.--(BUSINESS WIRE)--Shore Capital Partners (“Shore” or “Shore Capital”) is pleased to announce it has completed a partnership with Innovative Packaging Company (the “Company” or “IPC”), a custom packaging solutions provider based in Vancouver, Washington.

Innovative Packaging Company was founded in 2012 by co-founders Jeremy and Matt Concannon as a full-service, value-add custom packaging distribution business. IPC’s core service offerings include packaging procurement, supply chain management, warehousing, and custom design services. The Company sells a diverse product mix including flexible packaging, fiber-based packaging, hardware, and labels into strong food and beverage end-markets.

Jeremy Concannon, President of IPC, noted, “We are excited about the partnership with Shore Capital given their playbook for explosive growth and track record of performance. IPC has developed a ‘go-to-market’ strategy for our customers that is un-matched, and we look forward to working with Shore to deliver our custom packaging supply chain and service programs to even more customers across the country.”

“We grew up in the packaging business and have lived and breathed it since we were teenagers. We are extremely proud of what our team has built and look forward to the next chapter as we continue to scale IPC into a premier packaging firm with a relentless focus on the customer,” said Matt Concannon, Vice President of IPC.

Shore plans to invest in the business development, sales and marketing, and operational infrastructure of the Company to help drive transformational growth. Together, IPC and Shore will explore opportunities for inorganic growth through acquisitions, and organic growth through continued best-in-class customer service and the acquisition of new attractive customers.

“We could not be more excited to partner with the entire IPC team and look forward to creating a leading US packaging solutions platform for small and medium customers with medium to high complexity packaging needs,” said Richard Boos, Partner at Shore Capital and Chairman of IPC. “Jeremy and Matt have built an excellent business focused on serving their customer’s unique packaging and distribution needs and we will work tirelessly with them to build on their success.”

Strategic Partnership with Eastside Gynecology Obstetrics and Comprehensive Woman’s Care Includes Seven Locations in Southeast Michigan

February 11, 2021--CHICAGO--(BUSINESS WIRE)--Shore Capital Partners (“Shore”), a private equity firm, is pleased to announce it has founded Together Women’s Health (“TWH”), through the completion of a strategic partnership with Eastside Gynecology Obstetrics (“Eastside”) and Comprehensive Woman’s Care (“Comprehensive”). TWH provides women’s health practices with administrative support, allowing physicians to focus on delivering the highest quality of patient care.

Eastside and Comprehensive are leading obstetrics and gynecology (“OB/GYN”) practices in the Detroit area, offering a full suite of services including mammography, lab, ultrasound imaging, skincare, and rejuvenation services. Eastside, led by Dr. Paul Nehra, son of the practice’s founder, has four locations: Macomb, Rochester, Grosse Pointe, and Roseville. Comprehensive, led by President Dr. Chad White, has three locations: Clinton Township, Chesterfield Township, and Detroit.

In the TWH partnership, each of Eastside’s and Comprehensive’s existing partner physicians will continue serving the community with leading clinical care. From Eastside: Dr. Nehra, Dr. John Knapp, Dr. Ben Chen, Dr. Deborah Hamby, Dr. Suzanne Hall, and Dr. Margot Abundis. From Comprehensive: Dr. Chad White, Dr. Raymond Quasarano, Dr. Angela Messina, and Dr. Lauren Mellor. Dr. Nehra will assume the role of Chief Medical Officer for TWH.

“We look forward to building a leading Midwest provider of women’s health services and becoming the partner of choice for independent physicians, which begins with Dr. Nehra, Dr. White and their teams,” said Mike Cooper, Founding Partner of Shore and TWH Chairman. “Eastside and Comprehensive have an outstanding reputation and vision for clinical excellence, which is a tremendous foundation to scale and build on their success.”

Dr. Paul Nehra said, “With healthcare ever-evolving and the inherent challenges of private practice, we felt it was time to collaborate with a strong business partner. Shore uniquely filled that role to shepherd us as the platform partner in Together Women’s Health. They have a fantastic record of enabling transformational growth, and our practice felt that this relationship would position us to be a future leader in women’s health.”

Anthony Ahee co-founded and will serve as CEO of TWH. Prior to TWH, Anthony founded Honor Equity, an entrepreneur-owned holding company formed to acquire and grow a limited number of healthcare businesses with significant growth potential. During this period he developed a thesis in women’s health and led the creation of Together Women’s Health. Mr. Ahee commented, “We created TWH to be a leading network of integrated women’s healthcare providers. By building on a foundation of clinical excellence, our best-in-class support services enhance care today and drive growth for the future. Together we are paving the way for a better women’s health community.”

TWH plans to grow its platform across the Midwest by supporting practices with operations, finance, accounting, marketing, human resources, and IT, thereby allowing physicians to focus on clinical excellence and serving their communities. TWH plans to pursue affiliations with independent women’s health practices and build a network of top clinicians in a physician-led culture. For more information on TWH, please visit togetherwomenshealth.com.

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

Strategic Partnership with HR Technology and Solutions Leader Poised for Transformational Growth

January 27, 2021 --CHICAGO--(BUSINESS WIRE)--Shore Capital Partners (“Shore”), a private equity firm focused on investments within the Healthcare and Food and Beverage industries, is pleased to announce an investment in the Tandem Family of Companies (“Tandem”).Tandem is a nationwide, full-service HR technology and solutions leader servicing small, mid-size, and enterprise companies. Tandem is currently comprised of four brands: Tandem HR, a professional employer organization (PEO) offering HR outsourcing solutions, two leaders in highly customized brokered benefits for groups and individuals, Benefit Solutions Group and Alliance Workplace Solutions, and Workplace Solutions, a provider of comprehensive employee assistance programs (EAP).

Powered by experienced professionals, Tandem HR has been the recipient of several awards in its 20-year history, including Best HR Companies, Top Workers’ Compensation & Disability Company, Crain’s Chicago’s Best Places to Work, Fastest 50 Growing Companies in Chicago, and numerous inclusions on the Inc. 5000 list.

Bruce Leon, Founder of Tandem, noted “We are thrilled about this partnership and how it will accelerate our growth by delivering additional value to current and new clients through investment in technology, pricing power, and expansion of products and services in the HR solutions, health and workers compensation insurance markets.”

“Tandem has a tremendous track record providing high-value, high-touch client service while expanding its geographic capabilities and customer solutions,” said Ryan Kelley, a founding Partner of Shore. “We are well-positioned to continue this path to success by investing in the transformational growth of Tandem’s products, services, and geographic reach.”

“The partnership with Shore starts the next chapter of the growth of our organization and our business and I couldn’t be any more pleased about the opportunities that lie ahead for our colleagues, clients and partners alike,” says Salo Doko, President & COO. “Through a careful process, we found in Shore the right partner to make our shared strategy of geographical expansion and profitable growth come to life”.

To support Tandem’s strategic growth plan, Shore assembled an industry-leading Board of Directors. Notably, Greg Slamowitz, the former Co-CEO and Co-Founder of Ambrose Employer Group, from 1997 through a successful sale to TriNet in 2013, has joined the board and contributed a material equity co-investment. “Shore and Tandem are excited to have Greg join the Board to help lead Tandem through a period of rapid growth and expansion,” said Mr. Kelley.

About Tandem HR

Tandem HR provides custom, high-touch Fortune 500 caliber human resources to small, mid-sized and enterprise businesses throughout the United States. By managing the administrative aspects of human resources such as payroll processing, benefits administration, compliance, risk management, employee relations etc., Tandem’s HR experts allow client executives to focus on growing their businesses. Learn more about how Tandem HR can help your business at www.tandemhr.com or call 630-928-0510 today.

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.