The FSB Companies Announces Sale of Pinnacle Medical Solutions to AdaptHealth
The FSB Companies, the private investment firm of Frank Brumfield, is pleased to announce the sale of its portfolio company, Pinnacle Medical Solutions LLC to AdaptHealth Corp (NASDAQ: AHCO).
CHICAGO, Dec. 3, 2020 /PRNewswire-PRWeb/ -- The FSB Companies ("FSB"), the private investment firm of Frank Brumfield, is pleased to announce the sale of its portfolio company, Pinnacle Medical Solutions LLC ("Pinnacle" or "the Company") to AdaptHealth Corp (NASDAQ: AHCO).
Pinnacle is a high-growth direct-to-patient provider of diabetes management supplies serving patients primarily in the Southeast United States. Pinnacle's offering includes continuous glucose monitors (CGMs), insulin pumps and other diabetic supplies. Pinnacle's efficient operations and multi-state service footprint have enabled rapid growth and positioned the Company well for continued expansion with AdaptHealth. Pinnacle will continue to operate under its current name and location in Southaven, MS.
"It was an honor to be a part of the Pinnacle team and build something special," said Frank Brumfield, CEO and Owner of FSB. "The Pinnacle-FSB Teams were able to work together to create an exceptional company that provides outstanding quality service to patients, payors, and manufacturers. We were able to leverage technology, perfect workflows, and build an incredible culture that we are proud to transition to AdaptHealth."
Lincoln International acted as the exclusive investment banking representative for Pinnacle and The FSB Companies, working closely with Pinnacle's management team and ownership. Terms of the transaction were not disclosed. Hughey Business Law served as Pinnacle's legal counsel in connection with the transaction.
About Pinnacle Medical Solutions
Pinnacle Medical Solutions LLC ("Pinnacle") is a leading patient-centric provider of technology-enabled diabetes management devices, including continuous glucose monitors and insulin pumps. Based in Southaven, MS, Pinnacle is recognized as a market leader in the Southeastern U.S. Driven by its patient-first mindset, Pinnacle is committed to offering the latest technology and best customer experience available. For more information, visit: http://www.pinnaclemedicalsolutions.com.
About The FSB Companies
The FSB Companies is an operationally oriented private investment firm, funded and lead by Frank Brumfield. FSB focuses on acquiring and building outstanding companies by partnering with management teams and providing high-level resources across a portfolio of companies. These resources include operational support, strategic leadership, financial acumen, and custom technology development. FSB has a permanent base of capital that provides flexibility and allows for a long-term perspective on value creation. For more information, visit
http://www.fsbcompanies.com.
Media Contact
Donna McSorley, FSB Companies, +1 973-886-1832, [email protected]
SOURCE FSB Companies
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