Lombart Brothers Inc., doing business as Lombart Instrument Co., will partner with vision diagnostic equipment manufacturer Marco Ophthalmic Inc. to create Advancing Eyecare Holdings.
Upon completion of the deal, David Marco will become co-chairman and adviser of the new entity and will remain a meaningful investor in the company. Bryan Bevin, senior operating adviser to the portfolio companies of Atlantic Street, will join Marco as co-chairman.
The transaction is expected to close in the first quarter, subject to customary conditions.
Lombart, a U.S. distributor of ophthalmic instruments, is a portfolio company of private equity firm Atlantic Street Capital Management LLC.