May 12, 2022 — Private equity firm Atlantic Street Capital (ASC) has announced the signing of a definitive agreement to sell Advancing Eyecare to Cornell Capital.
 
Advancing Eyecare was formed in 2019 when ASC combined its 2016 portfolio company investment in Lombart Instrument, a U.S. distributor of ophthalmic instruments, with Marco Ophthalmic Inc., a high-tech instrumentation supplier.
 
In addition to Lombart and Marco, Advancing Eyecare operates five other brands: Innova Medical, S4Optik, Enhanced Medical Services, Ophthalmic Instruments Inc., and Santinelli International. Advancing Eyecare also completed eight add-on acquisitions and established several distribution partnerships.
 
“Advancing Eyecare has developed an outstanding group of companies providing a large offering of quality instrumentation products to the ophthalmic equipment industry,” says Advancing Eyecare CEO Brad Staley. “We thank the ASC team for their support and guidance over the past three years to combine our efforts and create a leading eyecare instrumentation provider.”
 
“We are proud to have played a role in further building the company’s leadership position,” says Andy Wilkins, managing partner of ASC. “Advancing Eyecare has dramatically enhanced the services delivered to patients and we are very happy with our partnership with Brad and his team.”
 
The transaction is subject to customary closing conditions and is expected to be completed in the second quarter of 2022.
 
For more information: atlanticstreetcapital.com.