O2 Forms New Physical Therapy, Fitness & Wellness Platform

O2 Forms New Physical Therapy, Fitness & Wellness Platform

O2 Investment Partners (www.o2investment.com) today announced a partnership with Evolution Physical Therapy & Fitness (www.evolutionphysicaltherapy.com) and True Sports Physical Therapy (www.truesportsphysicaltherapy.com), forming a new physical therapy, fitness, and wellness platform. The platform will support the companies’ continued organic growth and M&A strategy. Terms of the investments were not disclosed.

This partnership unites two industry-leading providers of physical therapy, fitness, performance training, and wellness services, creating a platform with more than 40 locations across California, Colorado, Connecticut, Maryland, Pennsylvania, Virgina, and Delaware. Evolution and True Sports focus on helping patients recover from injury and sustain long-term health and wellness in a high-touch clinical setting. Both leadership teams have retained significant ownership in the platform, and each company will continue to be led by its current management team.

Mike Giunta, founder of Evolution Physical Therapy & Fitness commented, "Our mission is to change the way people experience physical therapy. This partnership allows us to bring our proven care model to more patients, in more communities, while remaining deeply committed to the physical therapists and support staff who are the foundation of our success."

"True Sports was founded on the belief that exceptional patient outcomes are driven by exceptional care. Partnering with Evolution and O2 gives us the resources to bring that same standard of care to more patients, in more places," said Yoni Rosenblatt, founder of True Sports Physical Therapy.

Thomas Girdler at O2 commented, "Under Mike and Yoni’s leadership, Evolution and True Sports have become preeminent providers in their space, and we couldn’t be more excited to bring the two groups together. The two organizations share a common vision rooted in best-in-class patient care and clinician development that has been the throughline as they have scaled their businesses. We look forward to pursuing opportunities to expand the platform through strategic M&A and building an industry leader together."

Financing for the transaction was provided by Twin Brook Capital Partners.

About the Platform
The platform is comprised of Evolution Physical Therapy & Fitness (www.evolutionphysicaltherapy.com) and True Sports Physical Therapy (www.truesportsphysicaltherapy.com), two leading providers of physical therapy and fitness services, creating a platform with more than 40 locations across California, Colorado, Connecticut, Maryland, Pennsylvania, Virginia, and Delaware. The platform is growing its footprint throughout the United States and is actively engaging in partnership discussions with physical therapy and fitness operators looking to accelerate their growth.

About O2 Investment Partners
O2 Investment Partners is a Midwestern-based private equity firm that seeks to acquire majority interests in lower middle market niche services, technology, and select industrial companies. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management. Additional information is available at www.o2investment.com.

O2 Investment Partners
Thomas Girdler
tgirdler@o2investment.com

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