MILWAUKEE--(BUSINESS WIRE)--Generation Growth Capital, Inc. (“GGC”), a private equity firm that invests in lower middle market companies, announced today that it has acquired Garden & Associates, Inc. (“Garden”).
For over 30 years, Garden & Associates, Inc. has focused on providing interpretation services for Limited English Proficiency patients in hospitals, clinics, and other healthcare environments—boasting a roster of interpreters highly skilled in over 100 languages and dialects. Additionally, Garden provides document translation and serves legal, corporate, and government entities. The existing management team will continue operating the business following the transaction. GGC expects to make significant additional investments in the business to support future growth.
Tom Garden and Debbie Garden, the previous owners of Garden & Associates, Inc., will remain with the company. “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,” remarked Tom Garden, CEO of Garden & Associates, Inc.
John Reinke, a Managing Director of Generation Growth, commented, “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. 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.”
Cory Nettles, a Managing Director of Generation Growth Capital, added, “Garden & Associates is a great fit for the GGC investment model and we look forward to supporting the company’s continued growth. We believe attractive investment opportunities exist in niches of the healthcare services and manufacturing markets and we are pursuing these opportunities within our geographic focus areas.”
Generation Growth Capital invests in small businesses to support a broad range of growth opportunities and ownership transitions. By partnering with solid management teams, GGC adopts a proactive, collaborative approach that builds the businesses in which they invest.
Senior financing was provided by Anchor Bank. Mezzanine financing was provided by ExMarq Capital Partners. Terms of the transaction were not disclosed.
About Generation Growth Capital Fund II, LP
Generation Growth Capital Fund II, LP is a Milwaukee-based private equity firm focusing on investments in small businesses to support growth opportunities. Generation Growth Capital funds now have investments in nine portfolio companies. Please visit www.generationgrowth.com for more information.
About Garden & Associates, Inc.
Garden & Associates, Inc. is a Minneapolis, Minnesota-based provider of outsourced language services to the medical market. Garden also provides document translation and serves legal, corporate, and government entities. Please visit www.gardentranslation.com for more information.