Not Disclosed | Health-E Commerce (logo), a portfolio company of Beeken, Petty, O’Keefe, and Company (logo), has Been Acquired by H.I.G. Capital (logo) | June 2024

William Blair acted as financial advisor to Health-E Commerce (HEC), a portfolio company of BPOC, in connection with its sale to H.I.G. Capital (H.I.G.). The transaction signed on May 4, 2024, and closed on June 17, 2024.

About the Companies

HEC is the leading pioneer and innovator in the tax-advantaged benefits ecosystem, helping consumers maximize the value of their benefits programs through its offering of products and services, frictionless purchase experience, promise of guaranteed eligibility and outstanding customer service. The company is a leading e-commerce retailer of FSA and HSA eligible products and services. Through its e-commerce sites, and, HEC sells over 6,000 eligible products and services from top brands as well as its own private label brand, Caring Mill.

BPOC is a Chicago-based private equity firm that invests in healthcare companies. With an extensive network of industry contacts and dedicated operating executives, the firm has a track record of successfully partnering with companies through multiple economic and healthcare regulatory cycles. Founded in 1996, BPOC has completed over 60 platform investments and has raised six funds with more than $2.2 billion in total capital commitments. The firm has invested in numerous providers, manufacturing, outsourcing, distribution and information technology companies through growth equity, management buyouts and leveraged recapitalizations.

Founded in 1993 and based in Miami, Florida, H.I.G. is a leading global private investment firm with more than $62 billion of capital under management. H.I.G.’s family of funds includes private equity, debt, real estate, and infrastructure. The firm’s comprehensive range of investment strategies are all anchored around deep industry knowledge and operational expertise. H.I.G. invests in companies throughout the United States, Europe, and Latin America. The firm has invested in and managed more than 400 companies worldwide.

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