LOS ANGELES, CA (February 5, 2018) – Pacific Avenue Capital Partners LLC, a Los Angeles-based private equity firm, today announced the acquisition of Novo Healthcare Systems Long Beach facility, which is an outsourced provider of hospital sterilization services. The company will be re-branded to Sterile Processing Services of America (“SPSA”).
SPSA will continue to deliver world class services to its California healthcare clients and plans to expand from linen sterilization into instrument sterilization in the near future.
About Pacific Avenue Capital Partners
Founded in 2017 by Chris Sznewajs, Pacific Avenue Capital Partners, LLC is a Los Angeles-based private equity firm focused on corporate divestitures and other special situations in the lower middle market.
Pacific Avenue’s senior team has closed over 50 transactions including 25 carve-outs across a multitude of industries, and our M&A and operations experience allows us to navigate complex transactions and unlock value through operational improvement and capital investment while accelerating growth.
Through our collaborative approach, we partner with strong management teams and industry operators to drive strategic change and capture transformational upside. For more information, please visit www.pacificavenuecapital.com.
About Sterile Processing Services of America
Sterile Processing Services of America is a leading provider of offsite medical device and surgical instrument sterilization processing for hospitals, surgery centers, and clinics. The company is also committed to investing in state-of-the-art sterilization processing technology and facilities. SPSA provides transport and full processing to and from healthcare facilities, and also has the capability to manage vendor tray programs. For more information, please visit www.spsausa.com.
Contact:
Chris Sznewajs
Pacific Avenue Capital Partners, LLC
csznewajs@pacificavenuecapital.com