ATG Rehab Announces New Investor; Bergantino Becomes New CEO
- By Laurie Watanabe
- Jan 18, 2011
Paul Bergantino has become the new CEO of ATG Rehab, as the company announced that Audax Private Equity has become a major new ATG Rehab investor.
A news release distributed yesterday said ATG Rehab founders Chuck Wallace, Mike Freedman, Tim Burfield and Bryan Cressey would remain “significant minority investors.” Bergantino, who has been ATG Rehab’s president for the last five years, replaces Burfield as CEO.
The release described Audax as a “Boston-based investor in middle market companies with a reputation for spurring growth and creating value.”
ATG Rehab has 26 offices around the country and will retain its corporate headquarters in Rocky Hill, Conn. ATG Rehab provides complex rehab technology and services in 19 states.
Bergantino said of the news, “Audax Group shares ATG Rehab’s vision of transforming the complex rehab industry. Our plan is to continue to lead consolidation efforts within the industry, expanding both our physical presence and focus on providing excellent service and support to our customers.”
Burfield, who remains ATG’s chairman, said, “Over the past 11 years, ATG Rehab has become the leading provider of complex rehab equipment thanks to the dedication of our associates and their focus on the needs of our customers. We welcome Audax Group’s commitment to our company and the industry. Paul's promotion to CEO marks the culmination of a five-year succession plan and is a tribute to his outstanding leadership and contribution to our company. We, along with ATG’s shareholders and management, are excited to be co-investors with Audax Group and look forward to the continued success of ATG Rehab."
Laurie Watanabe is the editor of Mobility Management. She can be reached at email@example.com.