Indianapolis, IN – Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) announced that it closed on the acquisition of Allied Vision Group, Inc. (“Allied” or “Company”) on August 28, 2017. Allied, headquartered in Fort Lauderdale, Florida, is a leading distributor of contact lenses, optical products, and pet medication products. The Company’s strong growth has been facilitated by Allied’s focus on differentiated, value-added services and its commitment to customer service.
Harvey Berkowitz, President of Allied, stated, “On behalf of the Allied management team, we are excited about the investment by HKW. Their established track record, industry reputation, and previous optical experience resonated well with us.”
“The Allied opportunity embodies what we look for in our platform investments,” said John Carsello, HKW Partner. “The numerous growth opportunities, experienced management team, and recession resistant nature of Allied’s core end-markets is highly attractive to HKW.”
Tom Shaw, HKW Vice President, added, “The tenure and knowledge of Allied’s management team made a strong impression on us. We believe the Company is well positioned for continued success, and we look forward to a great partnership.”
Allied was represented by Parcrest Advisors in this transaction, an investment bank based in New York. Further information about Parcrest is available at www.parcrest.com.
About HKW – HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 54 platform transactions of lower middle-market companies throughout North America, as well as 61 add-on acquisitions. For further information on HKW, please visit www.hkwinc.com.
About Allied – Allied, based in Fort Lauderdale, Florida, is a leading distributor of contact lenses, optical products, and pet medication products. Founded in 1989, Allied services a wide customer base of healthcare practitioners and retailers. For additional information on Allied, please visit www.national-lens.com.