Daily News: January 3, 2014

F.N.B. Capital Provides NEOPS Mezzanine Investment

Summer Street Capital Partners announced its portfolio company secured a mezzanine investment from F.N.B. Capital Partners L.P. to provide growth capital to support the expansion of orthotic and prosthetic patient care throughout the Northeastern U.S.

“NEOPS has grown into one of the largest and most successful O&P providers in the United States by partnering with clinicians to emphasize the efficient delivery of patient-centric care, while rewarding clinicians for their hard work,” commented Andrew Fors, partner of Summer Street Capital. “We are pleased to partner with FNBCP as their investment will help support NEOPS in the pursuit of strategic expansion through de novo branches and acquisitions.”

NEOPS is a provider of orthotic & prosthetic patient care products and services through thirty-one branch operations across Connecticut, New York, Massachusetts and Rhode Island.

Buffalo, NY-based Summer Street Capital Partners is a private equity fund manager with over $450 million in committed capital focused on investing in middle-market companies.

Pittsburgh-headquartered F.N.B. Capital Partners is a pooled fund of committed capital licensed by the Small Business Administration as an SBIC.