V4 Group

FOR IMMEDIATE RELEASE
March 31, 2000
 

 

V4 CONSULTING RECAPITALIZED BY FOUNDERS AND PROSPECT PARTNERS

Company Will Grow Consulting Practice Organically and Through Acquisition


INDIANAPOLIS: March 31, 2000… V4 Consulting, LLC today announced that it merged with V4 Group, Inc., a newly-formed Indianapolis-based holding company. V4 Consulting is the leading provider of strategic, performance improvement and information technology consulting services to middle market healthcare institutions and physician groups primarily in the Midwest and South. The ten founders of V4 Consulting, led by G. William Luallen and Stephen L. Furry, and Prospect Partners, L.P. formed V4 Group for the purpose of recapitalizing and building its growing consulting practice.

"We are excited about the opportunity to expand on what we have built. The potential to build a significant consulting practice focusing on the needs of middle market healthcare providers is awesome. Our partnership with Prospect Partners will provide both capital to grow and advice on the challenges presented by the exponential growth of our business." said G. William Luallen, the managing partner of V4 Consulting.

Mr. Luallen and Mr. Furry joined with 8 other former executives at Ernst & Young, LLP to form V4 Consulting in August 1999. The founders believed that the new company could provide world class, relationship based consulting services to middle market healthcare providers in the Midwest. Middle market healthcare providers traditionally have been under served by the larger consulting practices. These providers needed assistance in managing the challenges presented by the rapidly changing economics of healthcare and by the increasing need for technology in their business. V4 Consulting has the ability to provide the highest levels of service and expertise to the clients who needed it the most.

V4 will continue to operate from its headquarters in Indianapolis. The company has additional offices in Chicago and Cincinnati and will open offices in Atlanta, Cleveland and Tampa before Fall, 2000 due to accelerated demand in those markets. V4 employs over 100 people today and is actively recruiting consultants.

Prospect Partners, LLC manages a $105 million private equity fund focused on financing management-led leveraged acquisitions and providing growth capital for lower middle market businesses with niche strategies. "The experience and credibility that Bill Luallen, Steve Furry and their partners bring to the middle market truly impressed us. We believe that the V4 team is capable of building a significant business in the market because they care so passionately about what they are doing and clients are responding to the enthusiasm and professionalism of V4’s consultants.," said Erik Maurer of Prospect Partners.

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