Peak Rock Capital Acquires BrightStar Care

AUSTIN, Texas—An affiliate of Peak Rock Capital, a middle-market private equity firm, announced that it has completed the acquisition of BrightStar Group Holdings, Inc. in partnership with the company’s founder, Shelly Sun Berkowitz.

Founded in 2002, BrightStar Care is a franchisor of homecare services with more than 400 agencies nationwide. The company’s franchisees provide both medical and non-medical homecare to clients and custom medical staffing solutions to corporate partners. The company also holds national accounts with corporations and other partners across distinct patient populations, providing health care staff anywhere it is needed. BrightStar Care franchisees provide care through their clinical nurse-led care model. Network-wide the agencies are Joint Commission accredited, which is the nation’s oldest and largest standards-setting and accrediting body in health care.

“BrightStar Care stands out because of its unique commitment to clinically led, high quality homecare services across its franchisee network,” said Spencer Moore, managing director of Peak Rock. “We are excited to partner with Shelly and BrightStar Care management and employees to invest in technology, marketing and growth initiatives to support the company’s franchisees in serving more patients.”

“I believe our partnership with Peak Rock will help BrightStar Care continue its mission of providing clients with high-quality compassionate care in the home, as well as make investments to facilitate continued growth with existing and new franchisees,” said Shelly Sun Berkowitz, founder and executive chairwoman of BrightStar Care.” I am looking forward to working with the Peak Rock team during the company’s next stage of growth.”

“We have found a strong partner in Peak Rock Capital, a group aligned with BrightStar Care’s mission and vision for the future,” said BrightStar Care CEO Andy Ray. “With Peak Rock Capital, BrightStar Care will broaden access to high-quality care for more families, making key investments as we continue to lead the industry.”

“This transaction demonstrates Peak Rock’s commitment to investing in founder-owned businesses with strong growth potential,” said Anthony DiSimone, chief executive officer of Peak Rock. “It also highlights our continued interest in investing in resilient healthcare businesses and franchisors that will benefit from our expertise in supporting rapid growth.”

JP Morgan and Boxwood Partners served as the financial advisors and Latham & Watkins served as legal counsel to BrightStar. Lincoln International served as the financial advisor and McDermott Will & Emery served as legal counsel to Peak Rock.