Dallas, TX – December 31, 2023 – Riata Capital Group (“Riata” or “RCG”) portfolio company AEG Vision (“AEG” or the “Company”), an owner and operator of leading U.S. eyecare practices, announced that its network has surpassed 400 practices. Year to date in 2023, AEG reached another record of exceeding 71 new practices.
“AEG Vision's network surpassed 400 optometry practices during 2023," said Eric Anderson, CEO of AEG Vision. "Our ongoing initiatives to expand our network and invest in our practices now enables our community of 4,000 doctors and associates to deliver elevated levels of eyecare to more than 2 million patients each year."
Within the eyecare market, AEG is positioned as a community-based, doctor-centric eyecare platform that provides full-scope optometric services and a comprehensive selection of lenses, frames and contacts lenses. The Company carefully screens its practices to ensure they complement AEG’s market positioning.
“After its founding in 2017 with approximately 60 locations, AEG today has a national presence with high-quality optometry practices in attractive markets throughout the country,” Jeff Fronterhouse, Managing Partner of RCG, said. “We are very pleased with AEG’s consistent financial performance and track record of building strong relationships with the Company’s doctors, associates, and staff. We continue to work toward our goal of building AEG into the market-leading eyecare platform in the U.S.”
About AEG Vision
AEG Vision is a rapidly-growing community of wholly-owned eyecare practices that deliver full-scope optometric services coupled with a well-run retail dispensary. The core purpose that unifies AEG’s doctors and associates is to “improve the health of our community by helping our neighbors see better and look their best, one patient at a time”. To achieve this, AEG strives to maintain the local essence of each practice that has made it successful. At the same time, AEG enables each practice to elevate its operations by leveraging AEG’s “Common Platform”. Founded in March 2017, AEG currently operates approximately over 400 practices operating under different regional brands across 24 states.
About Riata Capital Group, LLC
RCG is a leading Dallas-based private equity investment firm that partners with seasoned management teams to invest in growing, profitable, privately held companies with a focus on three industry sectors: business services, consumer, and healthcare services. Riata takes a selective approach to investing in high-potential businesses whose owners and management teams want an investment partner with the capital, experience, and record of successful collaboration required to achieve their liquidity and value-creation objectives. Over the course of their careers, the principals of RCG have deployed over $2 billion of capital into more than 45 platforms and 200 add-on acquisitions totaling over $7 billion in transaction value. The Firm targets equity investments of $25-150 million in companies with $5-30 million of EBITDA. With significant investment experience, a balanced team with financial and operating expertise, a strong team of seasoned operating partners, and significant experience in the firm’s targeted sectors, Riata provides a compelling value proposition to business owners and entrepreneurs.
