SVS Vision Holding Company
P&M Corporate Finance, LLC (“PMCF”) is pleased to announce the sale of SVS Vision Holding Company (“SVS”) to Farstan Investment Corporation (“Farstan”). PMCF served as financial advisor to Farstan, a company formed by members of the management team to acquire SVS.
Through Farstan’s acquisition of SVS, management will continue to pursue growth opportunities in the company’s core market while also expanding its integrated vision care service offering to a broader market. It also seeks to attract and develop new customer relationships throughout local communities. PMCF advised management on transaction value and structure and assisted in negotiating the acquisition credit facility. “PMCF’s deep experience on transactions and working with entrepreneurs was invaluable throughout the process. They kept all parties focused and working constructively to get the deal closed”, said Ken Stann, one of the owners of Farstan.
About SVS Vision Holding Company
SVS is an integrated provider of care benefit plans, optical examinations and retail eye-care products and services. The company offers its customers a range of vision care product plans. It operates 52 offices located in the Midwestern and Eastern United States, and manufactures eyeglasses at its centralized optical laboratory in Mt. Clemens, Michigan.
About Farstan Investment Corporation
Farstan was formed by Dr. Robert G. Farrell, Jr. and Kenneth Stann to purchase SVS from its former shareholders. The management team that comprises Farstan has extensive experience in the vision care field. Farstan is based in Mt. Clemens, Michigan.