Northlane Capital Partners Completes Sale of PAR Excellence

Northlane Capital Partners Completes Significant Sale

Northlane Capital Partners (“NCP”) has recently made headlines with its announcement regarding the sale of PAR Excellence Systems Inc. (“PAR”). This strategic move involves the transfer of PAR to OceanSound Partners. Notably, both NCP and PAR’s management team will retain a stake in the company, indicating their ongoing commitment and investment in PAR’s future.

Transforming Healthcare Supply Chains

Founded in 1992, PAR has been at the forefront of enabling various sectors, including government and healthcare, to achieve substantial cost savings and improved operational efficiencies. The company excels in automated supply chain management solutions. These encompass advanced cloud-based software and proprietary hardware, all tailored to assist healthcare providers in managing medical supply inventories effectively.

Enhancing Operational Efficiencies

PAR’s innovative solutions give clients real-time visibility into their materials inventory and spending. Employing proprietary analytics, PAR helps organizations streamline their processes, leading to millions of dollars in annual savings in both supply and labor costs. By automating previously manual tasks, healthcare professionals are freed to concentrate on patient care, enhancing overall service delivery.

Statements from Leadership

In reflecting on this significant phase, Justin DuFour, a Partner at NCP, notes, “Since our investment in 2017, we have worked collaboratively with the PAR management to enhance its product range and expand capabilities. PAR stands out as a leader in providing supply chain management solutions, and we are confident of its promising future.”

Continued Partnership for Growth

Thad MacKrell, CEO of PAR, expressed appreciation for NCP's guidance and partnership throughout the journey. He stated, “We are grateful for the support provided by NCP and are pleased they will continue their investment as we embark on this new chapter.” This sentiment is echoed by Sean Eagle, another Partner at NCP, emphasizing their beneficial collaboration with the PAR management team and their strategic involvement in navigating the healthcare landscape.

About Northlane Capital Partners

Northlane Capital Partners operates out of Bethesda, MD, specializing in middle-market private equity. With a keen focus on essential segments within healthcare and business services, NCP has invested a remarkable $1.7 billion of equity capital. Their strategy aims to partner with leading companies and exemplary management teams, fostering growth and increasing value through aligned incentives. For further insights, potential investors and interested parties can explore their website to learn more about their initiatives and investment strategies.

Frequently Asked Questions

What is the significance of the sale of PAR Excellence Systems?

The sale represents a strategic move by Northlane Capital Partners to enhance their investment portfolio while ensuring continued growth for PAR Excellence Systems under new ownership.

How does PAR Excellence Systems help healthcare providers?

PAR provides automated supply chain management solutions that allow healthcare providers to save costs and improve operational efficiency through better inventory management.

What does NCP aim to achieve by retaining a stake in PAR?

By remaining invested in PAR, NCP aims to support the company’s growth trajectory and leverage its expertise in the healthcare sector.

What recent advancements has PAR made?

PAR has enhanced its product offerings and commercial capabilities, solidifying its position as an innovative supplier in the healthcare supply chain landscape.

Is Northlane Capital Partners involved in other sectors?

Yes, NCP focuses on various segments within the healthcare and business services sectors, showcasing a diverse investment strategy.

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