Milwaukee private equity firm Generation Growth Capital Inc. has acquired Garden & Associates Inc., a Minneapolis company that provides language outsource services for medical settings.
The company has offered hospitals, clinics and other healthcare facilities interpretation services for patients with Limited English Proficiency for 30 years. It offers translations of more than 100 languages and dialects.
Tom and Debbie Garden, the previous owners at Garden & Associates, will remain with the company and the management team will continue to operate the business.
“It was crucial for us to connect with a team that understood our customers, shared our values, and offered a foundation to grow within the industry. GGC was undoubtedly the right fit,” Tom Garden said.
Generation Growth plans to invest significantly in the business to drive growth. The company targets small businesses to collaboratively grow the companies or transition ownership.
This transaction took advantage of one of the many opportunities in the healthcare services market, said Cory Nettles, managing director at GGC.
“Tom and Debbie Garden have done a great job of building the Garden & Associates business and developing a strong reputation for quality interpretation services in the Minnesota market,” said John Reinke, managing director at GGC. “We plan on making investments in operational systems and continuing to focus on the strong customer relationships that the Gardens have developed to continue to drive the growth of the company.”
Anchor Bank provided senior financing and ExMarq Capital Partners provided mezzanine financing for the transaction. The terms were not disclosed.