About ABB Concise Optical Group
ABB Concise Optical Group is a distributor of soft contact lenses. The company supplies Eye Care Professionals with brand name contact lenses, high grade ophthalmics and fully customizable Gas Permeable Lenses. In April 2007, ABB Optical merged with Con-Cise Contact Lens to form ABB Concise Optical Group. In October 2012, ABB Concise Optical Group was acquired by New Mountain Capital. The valuation of ABB Concise Optical Group was undisclosed. Other terms of the deal were not released.
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Latest ABB Concise Optical Group News
Aug 6, 2021
Riordan Lewis & Haden Equity Partners (RLH) has sold its portfolio company, ABB Concise Optical Group, a distributor of contact lenses, to New Mountain Capital. ABB Concise is the nation’s largest distributor of soft contact lenses. The company supplies more than two-thirds of the independent eye care professionals in America with brand name contact lenses, ophthalmic products, and customizable gas permeable lenses. The company is based in Coral Springs, FL ( www.abbconcise.com ). The ABB Concise transaction is the third liquidity event within the RLH portfolio in 2012, following upon exits earlier in the year of maxIT Healthcare and Creative Circle. These three transactions collectively represented total equity value in excess of $1 billion. “These three liquidity events demonstrate the power of our firm’s differentiated approach to private equity. Each of these portfolio companies achieved a high rate of organic growth over a multi-year period despite weak economic times, while utilizing conservative levels of debt. Our companies increased revenue organically at compound annual rates ranging from 15% to 35%. And each of them grew EBITDA significantly faster than revenue. Perhaps most importantly, these enterprises also translated their accelerated growth into even more rapid rates of equity value creation,” said J. Christopher Lewis, Managing Director of RLH. Riordan, Lewis & Haden invests in high growth, lower middle market companies. Sectors of interest include business services, healthcare, and government services. The firm currently manages over $500 million of assets and is actively seeking new portfolio companies. Riordan, Lewis & Haden is based in Los Angeles ( www.rlhequity.com ). New Mountain Capital invests in growth equity transactions, leveraged acquisitions, and management buyouts. The firm currently manages private and public equity funds with approximately $9 billion in aggregate capital commitments. New Mountain is based in New York ( www.newmountaincapital.com ). © 2012 PEPD • Private Equity’s Leading News Magazine • 10-25-12 Share on twitter
ABB Concise Optical Group Frequently Asked Questions (FAQ)
When was ABB Concise Optical Group founded?
ABB Concise Optical Group was founded in 1989.
Where is ABB Concise Optical Group's headquarters?
ABB Concise Optical Group's headquarters is located at 12301 NW 39th Street, Coral Springs.
What is ABB Concise Optical Group's latest funding round?
ABB Concise Optical Group's latest funding round is Acq - Fin.
Who are the investors of ABB Concise Optical Group?
Investors of ABB Concise Optical Group include New Mountain Capital and Riordan Lewis & Haden.
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