Reston, VA – May 29, 2018. LNC Partners, a private equity firm focused on high quality business services companies, has recapitalized West Physics Consulting, LLC (“West Physics”) in partnership with company founder and President, Dr. Geoffrey West. West Physics is a premier provider of diagnostic medical and health physics consulting and testing services primarily in the United States. The transaction provides West Physics with access to significant additional capital and strategic expertise to support the company’s growth strategy, which includes organic initiatives as well as acquisitions.
Dr. Geoffrey West noted, “The West Physics team is thrilled to have found a partner in LNC that shares our vision for the company’s future. We are looking forward to working with LNC to leverage their experience and capital to allow West Physics to provide even greater value to our customers and employees.”
Robert Monk of LNC said, “West Physics has built a leading provider of medical physics services through its employees’ commitment to providing high levels of technical and service quality. We are excited to support Geoff and his team through the company’s next stage of growth.”
Kevin Cunningham of LNC added, “West Physics’ strong value proposition, and diverse and long-standing client base provide the company with an attractive platform from which it can take advantage of numerous growth opportunities.”
West Physics represents LNC’s fourth investment in the standards management market, which includes providers of compliance, testing, inspection, and other services that allow clients to meet industry or government standards.
About LNC Partners
LNC Partners is a northern Virginia-based private equity firm that provides flexible capital solutions to high quality lower middle-market companies. LNC has over $235 million of capital under management and is focused on investing in founder-owned and family-owned businesses.
About West Physics Consulting
West Physics is a provider of medical and health physics consulting and testing services. The company primarily provides testing and other services that allow its customers to comply with ACR, IAC, and Joint Commission accreditation standards for medical imaging equipment. It has grown from serving a single local client in 2002 to now serving thousands of client sites in all 50 U.S. states, federal territories, the Caribbean, and Latin America. West Physics’ staff specializes in solving complex regulatory challenges and diagnostic imaging problems, and their diverse backgrounds and top-notch training result in superior technical and regulatory capabilities. The company is recognized for providing local-style response times and customer service while maintaining consistent service across a national coverage area.
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