Generational Group Advises Cleburne Physical Therapy & Sports Rehabilitation in its Sale to Golden Bear Physical Therapy

By Generational Group

12/31/2021

Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Cleburne Physical Therapy & Sports Rehabilitation (dba Real Performance Physical Therapy) to Golden Bear Physical Therapy (a holding of Shore Capital Partners). The acquisition closed December 28, 2021.

With two locations in Cleburne, Texas, and founded in 1988, Cleburne Physical Therapy & Sports Rehabilitation (Cleburne), is a full-service outpatient orthopedic physical therapy practice. The Company assists clients in returning to optimal levels of performance and daily functioning, relying on its team of experienced physical therapists. Cleburne also has an additional facility in Burleson, Texas.

Golden Bear Physical Therapy, located in Modesto, California, is committed to building the premier network of physical therapy and wellness services in the Western United States.

Founded in 1981, Golden Bear was acquired by Bobby Ismail PT in 1997 and the business has grown rapidly since partnering with Shore Capital Partners in 2019.? Their vision is for Golden Bear Therapy Partners is to be the partner of choice for leading rehabilitation practitioners throughout the United States.

Shore Capital Partners (Shore), located in Chicago, Illinois, was recognized by Inc. Magazine in 2020 and 2021 as one of the Best Founder Friendly investors. Additionally, PitchBook ranked Shore as the 2020 #1 global leader in private equity deal volume, showing why more entrepreneurs chose Shore as a growth partner than any other firm in the world. Shore’s management philosophy is rooted in a shared vision of success developed jointly with their entrepreneurs and board members. Utilizing the Shore playbook, they have generated consistent and repeatable results.

Generational Group Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Senior M&A Advisor, Cory Strickland, with support from Vice President, M&A, Jacob Mangalath, successfully closed the deal. Senior Managing Director James Carr established the initial relationship with Cleburne.

“I was thrilled to be able to represent Real Performance in this transaction. The owners of Real Performance are fantastic people and are the leaders in physical therapy in the Cleburne area,” said Strickland.

He added, “When I met the owners, the first thing that they told me was that their primary objective was to make sure that we found the best fit for their clients and employees. I believe we found them that match with Golden Bear.”


About Generational

Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.

Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.

The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.