Press Release
August 4, 2023

Holland & Knight Advises United Western Group in Recapitalization of Veridian Healthcare

CHARLOTTE, N.C. (August 4, 2023) – A team of Holland & Knight attorneys represented United Western Group (UWG), in partnership with HealthEdge Investment Partners LLC and Advantage Capital Holdings LLC, in its recapitalization of Veridian Healthcare LLC, a leading outsourced manufacturer of private label and branded in-home diagnostic, pain care management and personal care products. Terms of the transaction, announced on July 31, were not disclosed.

Washington, D.C.-based UWG is a private equity firm that partners with managers and entrepreneurs to invest in strategically viable, marketing-leading companies across a wide range of industries.

Veridian, headquartered in Gurnee, Illinois, is a preeminent distributor of home health and diagnostic products for leading regional chain stores, pharmacies, wholesalers, distributors and e-commerce businesses.

As part of the transaction, Veridian's Founder and President Steve Bisulca will continue in his role as Veridian's president. Concurrent with the recapitalization, UWG Operating Partners Robert Friedberg and John Aldridge will also undertake key C-suite roles at Veridian.

Holland & Knight Partner John Gilson and Associate Eli Gordon led the firm's representation of UWG. They were assisted by Partners Brandon Bloom, Arthur Lotz, Briana Stolley, John Dierking, Antonia Tzinova, John Haney and Victoria Zerjav and Associates Trysten Henderson and Ana Moreno.

More information on the transaction can be found here.

Holland & Knight regularly ranks among the leading M&A and private equity law firms in reputable, benchmarking league tables published by Bloomberg and Refinitiv. Through the first half of 2023, the firm ranked among the top 5 most active law firms in the U.S. and globally for its work in the space. Through the HK Deal Flow® program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.

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