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Press releases > Generational Equity Advises VIC the PICC in Partnership Sale to the Pine Street Group

Generational Equity Advises VIC the PICC in Partnership Sale to the Pine Street Group

By Generational Equity

Jan 12, 2021, 07:00 et

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the partnership sale of VTP Southwest LLC (dba VIC the PICC) to The Pine Street Group. The acquisition closed December 31, 2020 and details were not disclosed.

VIC the PICC (VTP), located in Lodi, California, is a comprehensive vascular access Company providing peripherally inserted central catheter (PICC) and midline insertions, peripheral venous access as well as continuing education, precepting and consulting for hospitals, long-term care, and other healthcare facilities. This is accomplished by VTP’s team of in-house staff of nurse practitioners, registered nurses, and registered vascular technologist sonographers. Prior to the acquisition, VTP was wholly owned by Chief Executive Officer Cary Catron and Chief Nursing Officer Nina Catron.

Located in Los Angeles, California, The Pine Street Group is an investment holding company focused on investing in middle and lower-middle market businesses in a variety of industries. Their primary industries of focus include healthcare services, chemicals, financials, business services, franchise businesses, media, and agriculture. They have a highly flexible mandate enabling them to invest across capital structures and deal types. The Pine Street team has experience executing well over $1 billion in transaction value with over a decade of combined experience. The Pine Street team was led by Managing Partner Jonathan Sassover and Managing Partner Michael Davidov.

Generational Equity Managing Director Don Ho was the lead dealmaker that successfully closed the transaction. “We are very honored to be able to represent VIC the PICC as it partners with the Pine Street Group and their portfolio companies to expand the Company’s services and capabilities nationwide. This partnership represents a culmination of years of hard work, dedication, and shared vision, which will give VIC the PICC the resources need to further expand their capabilities and markets, develop their infrastructure, and accelerate growth in order to better serve their customers and take care of their dedicated employees,” said Don Ho.

Generational Equity Vice President Jacob Mangalath was the supporting dealmaker on the transaction. “The trust and patience that our client placed in us and our process helped us to best position the Company for success and find the perfect partner for them. We are so privileged to facilitate the acquisition of this critically needed business by visionaries who can take it to the next level,” said Jacob Mangalath.

Both Mr. Ho and Mr. Mangalath are dealmakers in Executive Managing Director Michael Goss’ Transaction Group. Executive Managing Director Tom Braun established the initial relationship with VTP.

After the conclusion of the transaction, Cary Catron, CEO of VIC the PICC said, “It was also really great to work with Generational Equity, they were extremely professional, and Don Ho is truly a great team leader and dealmaker, he pays attention to every detail. I am extremely pleased to be partnered with Jonathan Sassover and Michael Davidov at the Pine Street Group. We are looking forward to the future and what it has in store for us as we grow this enterprise.”

The Pine Street Group Managing Partner Jonathan Sassover stated, “As a well-established, scalable platform company operating in a growing segment of the healthcare services market, VIC the PICC further expands our offerings in the mobile healthcare services market. We are excited to partner with Cary, Nina, and the VIC the PICC team to continue to invest and grow the company.”

Michael Davidov added: “Working with Don Ho and the Generational Equity team to close this transaction was a pleasure. They worked diligently and in good faith to successfully intermediate the transaction.”

About Generational Equity

Generational EquityGenerational Capital Markets (member FINRA/SIPC), Generational Wealth AdvisorsGenerational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.

With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.  

The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and Valuation Firm of the Year in 2020. For more information, visit or the Generational Equity press room.

We thank you Eric and Generational Equity making our dream come true.
Larry Moore, Owner, A Company Portable Restrooms
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.
Michael J Polarek, President, Paragon Packaging
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Robert Evans, President and CEO of Mealtracker Dietary Software
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.
Pete L.
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Bil MacLeslie, CEO, ipHouse
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I must say that I have never worked with a more driven, competent and focused individual as Don Ho.
Jay Dinnison, Owner of Sharpe Mixers
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.
Andy Graham, Vice President, Modern Heating & Plumbing
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.
Larry Moore, Owner, A Company Portable Restrooms
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Bryan D. Horn, Owner, Over Under Clothing
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Andy Graham, Vice President, Modern Heating & Plumbing
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Terry D. Wickman, President, Keytroller
I am pleased that I was able to work with Andrew Byrd throughout this experience. From the first meeting we had in Minneapolis I felt that I was in good hands. His knowledge and expertise is second to none. He guided the process consistently throughout. I feel lucky that I was pared with Andrew and could not be happier that I chose Generational Equity to handle this major life event. Thank you Andrew and GenEq for everything!
Eric Erlandson, Owner, Action Fastenings, Inc.
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.
Robert Evans, President and CEO of Mealtracker Dietary Software
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.
Ralph Noblin, President of Noblin & Associates
The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.
Terry D. Wickman, President, Keytroller
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Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.
Jay Dinnison, Owner of Sharpe Mixers
Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”
Karen S. Williams, CFO, BW Manufacturing
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.
Michael J Polarek, President, Paragon Packaging
Dear Chris and Andre, I just wanted to say thanks for all your help. Even though this process was not an easy one, it was comforting to know that I had a capable team standing beside me. You made me feel like we were almost your only client or at least the most important one. Thanks again, and I will recommend your service in the future.
Shenille Engelhart, Owner – CLS Technology
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Bil MacLeslie, CEO, ipHouse
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Karen S. Williams, CFO, BW Manufacturing
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Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Generational Equity’s assistance was invaluable in compiling and marketing our business.
Bil MacLeslie, CEO, ipHouse
I need to say an immense thank you to Don Ho for his stellar work ethic, attention to detail, and tireless effort. Also thank you to the whole crew at GE! Without you, Don could not do such a phenomenal job. We were shooting for closing and funding before the end of 2020, due to the uncertainty of the political landscape and taxes. I am happy to report we closed last week and will be funding tomorrow.
Dr. Caty J. Catron PhD, RN, VA-BC – Owner, Vic The Picc, LLC