Skip to Content
July 23, 2020

BGL Announces the Recapitalization of ADVENT by Excellere Partners

Brown Gibbons Lang & Company (BGL) is pleased to announce the recapitalization of ADVENT, the nation’s fastest-growing provider of in-office solutions for sinus and sleep apnea issues, has partnered with Excellere Partners, a prominent private equity investor in the healthcare sector. BGL’s Healthcare & Life Sciences team served as the exclusive financial advisor to ADVENT in this transaction, which furthers BGL’s ongoing commitment to, and experience in, the clinical physician services sector. The specific terms of the transaction were not disclosed.

ADVENT specializes in treating patients with sinus, snoring, and sleep apnea issues. Founded in 2004 by Dr. Madan Kandula and Gwen Kandula, the Wauwatosa, Wisconsin-based organization provides non-invasive, in-office solutions centered around issues within the Breathing Triangle®. The company has expanded from three clinic locations in 2018 to 10 locations across Wisconsin and Illinois. Excellere Partners’ longstanding experience with physician practice organizations will enable ADVENT to execute on its vision for growth and solidify its position as the industry leader for in-office ENT services.

Excellere Partners is a Denver-based private equity investment firm specializing in partnering with entrepreneurs and management teams. Excellere has significant experience investing across many areas of healthcare, and has built numerous physician practice industry leaders in sectors such as Urgent Care, Interventional Pain Medicine, Anesthesia, and Radiology, among others. This transaction marks Excellere Partners’ entrance into the ENT specialty.