September 4, 2019
For Immediate Release
Caber Hill Advisors announced today that it advised Alpaca Audiology on its merger with Belsono Management Group, LLC and its clinic groups Hearing Health USA, LLC, and Ideal Practice Management Group, LLC. Thompson Street Capital Partners, a private equity group located in St. Louis, Missouri funded the transaction. The terms were not disclosed.
Belsono was founded by Amir Hadar and Jonathan Weizman and is headquartered in Mountain Lakes, NJ. The merged Alpaca and Belsono organization owns and operates clinic locations in the eastern half of the United States and is the largest independent network in the country.
“Combining the Belsono Group with Alpaca has created a unique organization capable of acquiring a single clinic or large-scale multi-site groups. Since we work closely with many different hearing aid manufacturers, our acquired clinics can fit their preferred product, while employing the same strategies which have historically been successful in their respective markets. Through our buying group Alpaca Audiology, we empower independently owned practices to remain competitive in the everchanging industry landscape, while providing owners with an attractive exit strategy when they decide to sell their practice”, summarized Amir Hadar, Belsono Group’s CEO, and Jonathan Weizman, Belsono Group’s President.
Alpaca consists of two business units: a portfolio of audiology clinics and a buying group/negotiating network for privately owned audiology practices, offering a free membership and a broad range of member benefits. “Belsono brings experienced management capabilities, custom-tailored systems, and a solid infrastructure – attributes which will be invaluable as we work together to create a never-before-seen entity in the audiology sector,” said Brian Vesely, President and founder of Alpaca.
“We are delighted to have helped facilitate the merger of Alpaca and Belsono, who we believe to be the two most dynamic and innovative independent groups in the hearing care industry,” commented Craig Castelli, Caber Hill’s CEO. “We are excited to see what comes next.”
About Caber Hill Advisors
Caber Hill Advisors is committed to working with business owners and CEO's to successfully fulfill their personal and professional legacies. We serve small and middle market companies, in very specific verticals, who want to either sell their business or make an acquisition.