DALLAS — Riata Capital Group announced that its portfolio company Acuity Eyecare Group, an owner and operator of leading North American eyecare groups and optometry practices, has acquired 11 regional eyecare practices in Texas.
The acquisitions are the first for AEG in the Texas market and include:
- EyeTx Vision Centers: Founded in 1985, EyeTx Vision Centers operates six locations across San Antonio, TX. EyeTx optometrists are therapeutic and glaucoma certified. They specialize in routine eye care, contact lens and gas permeable fittings, bi-focal contact lens fitting, kerotoconus fittings and ortho-K fittings. Cleinman Performance Partners served as the exclusive advisor for EyeTx Vision Centers.
- Hill Country Vision Center: A five-location optical group, Hill Country was founded in 1975 in Kerrville, TX. Its other locations are Fredricksburg, Hondo, Floresville, and Bulverde. HCVC’s specialties include comprehensive exams, LASIK consultations, and urgent care, as well as the treatment and management of eye diseases. Kavanagh Consulting served as the exclusive advisor for Hill Country Vision Center.
Financial terms of the deals were not disclosed.
“We are thrilled to welcome these exceptional groups into our family and to introduce AEG to the great state of Texas,” said Eric Anderson, CEO of Acuity Eyecare Group. “Generations of Texans have enjoyed better vision because of EyeTx and Hill Country. It is an honor to join these communities and we look forward to serving generations to come.”
Jeff Fronterhouse, managing partner of Riata Capital Group, said: “We are excited to build on Acuity’s recent momentum, having completed seven acquisitions over the last two months. Texas is a promising market as we build Acuity Eyecare Group into a market-leading eyecare platform.”