The Beekman Group Announces the Sale of ActivePro Rehab Partners, a Leading Provider of Outpatient Physical and Occupational Therapy

NEW YORK--(BUSINESS WIRE)--The Beekman Group (“Beekman”) announced that an affiliate of Beekman Investment Partners IV (“Beekman”) completed the sale of ActivePro Rehab Partners (“ActivePro” or, the “Company”), a leading provider of outpatient physical and occupational therapy to patients throughout the Mid-Atlantic region, to an affiliate of PT Solutions Physical Therapy, a national physical therapy practice.

Originally founded as Twin Boro Physical Therapy and later re-branded to ActivePro, Beekman invested in the Company in August 2019 with significant equity rollover ownership from founding management executives. Under Beekman’s ownership, ActivePro transformed its business through both organic and M&A growth initiatives. Over its investment period, Beekman, in collaboration with ActivePro management, was instrumental in driving the recruitment of key executives and implementing growth initiatives which enhanced patient care, unlocked clinic expansion, expanded provider productivity, and improved revenue cycle management.

Andrew Marolda, Managing Director of The Beekman Group said, "We are pleased to have partnered with the ActivePro team over the last four years. ActivePro has developed into one of the leading physical therapy players in its markets and we believe the business is well positioned for the future through an array of ongoing strategic initiatives. We are excited for ActivePro’s next phase of growth and wish the team the best as they continue to deliver best-in-class performance.”

Andrew Lotsis, CEO of ActivePro, said “We’d like to thank The Beekman Group for their partnership and strategic direction over the last four years. Their support was instrumental in allowing me to build our management team, leverage the opportunities to differentiate ActivePro to providers and patients, and improve our operations to deliver the best care in the market. We are excited to continue growing our footprint and value proposition with PT Solutions and their executive leadership.”

Jefferies LLC served as exclusive financial advisor and McDermott Will & Emery LLP provided legal counsel to ActivePro. Financial details of the transaction were not disclosed.

About ActivePro Rehab Partners

ActivePro Rehab Partners was formed to improve upon outpatient physical therapy patient care and enhance its availability within the state of New Jersey and beyond. The business takes a balanced approach in broadening the scale of its platform while preserving the distinct culture built by its partners. ActivePro allows its family of brands, Twin Boro Physical Therapy, Pro Staff Physical Therapy, Breakthru Physical Therapy, Strulowitz & Gargiulo, 4 Oaks Physical Therapy, Rehab Excellence Center, Willow Grove Physical Therapy, Maximum Solutions Physical Therapy, and Game Shape Physical Therapy, to benefit from industry-wide best practices and further develop a network of clinics through a blended partnership and acquisition model in its pursuit to build one of the best physical and occupational therapy groups in the region. For more information, visit www.activeprorehab.com.

About The Beekman Group
The Beekman Group is a private equity firm, based in New York City, focused on building industry-leading companies in the healthcare, consumer, and business services sectors. The firm partners with management teams who desire to be significant owners and create meaningful value by accelerating organic and acquisition growth initiatives. Beekman manages over $1 billion in assets and has completed over 200 transactions since inception. For more information, please visit www.thebeekmangroup.com.