PROVIDENCE - Nautic Partners LLC, a private equity firm, announced today it has acquired vision insurance company Super Vision Holdings, Inc.
Providence-based Nautic has $2.5 billion of capital under management.
“Super Vision has an outstanding track record of growth. We are excited to be partnering [with] the entire Super Vision team and believe that the company is positioned well to textend its exceptional track record of profitable growth,” Scott Hilinski, managing director of Nautic, said in a statement.
Super Vision, based in Racho Cordova, Calif., provides insurance to some 2 million members across the country with a network of 46,000 providers.
It will continue to work as a independent plan and keep its existing management team.
This is Nautic’s 12th investment under its Nautic Partners VI, LP fund, and a continuance, the firm said, of its investment in the healthcare industry.
It also focuses on business services and manufacturing.