Quad-C Management, a middle market private equity firm, announced an investment in Dane Street, a provider of independent medical examination and peer review services across the insurance and healthcare sectors.
Founded in 2008 and headquartered in Palm Beach Gardens, Florida, Dane Street delivers medical evaluation and review services to workers’ compensation, auto, disability, and group health markets. The company serves more than 300 clients, including major insurance carriers, third-party administrators, health plans, Fortune 500 employers, and law firms.
As part of the transaction, Dane Street’s existing leadership team will remain in place, including CEO Greg Powers. Founder Will Fulton will join the board of directors and continue as a significant shareholder. Financial terms of the investment were not disclosed.
The partnership is expected to support Dane Street’s next phase of growth, with a focus on expanding its clinical and technology capabilities, increasing service capacity, and pursuing strategic acquisitions alongside organic expansion.
Quad-C Management, which has invested billions of dollars across dozens of platform companies, highlighted Dane Street’s differentiated position in the payor services market and its track record of sustained growth. The firm plans to work closely with management to scale the business and enhance its service offerings.
Dane Street emphasized that the investment will enable continued improvements in service delivery, regulatory compliance, and operational efficiency, while maintaining a strong focus on quality, turnaround times, and client experience.
KEY QUOTES
“We are thrilled about the opportunity to partner with a group that understands and has a high level of respect for our core values. We selected Quad-C because of their deep experience partnering with founder-owned businesses and their tremendous track record of helping to scale companies in network-based businesses.”
Will Fulton, Founder of Dane Street
“The Quad-C team shares our vision of continuing to enhance our clinical and technology-based assets to provide unparalleled service delivery for our clients. We are appreciative of our clients’ growing belief and investment in our services and are deeply committed to continuing to expand our coverage and capacity while remaining focused on industry-leading quality, turnaround time compliance, and ease of doing business.”
Greg Powers, CEO of Dane Street
“We have been impressed with the entire Dane Street team from day one. We have evaluated the payor services market for years and view Dane Street as a uniquely differentiated platform with one of the industry’s strongest track records of growth. We share management’s enthusiasm regarding the partnership and market outlook.”
Frank Winslow, Senior Partner at Quad-C Management
