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News & Press Releases

American Discovery Capital Announces Investment in Medix Staffing Solutions, LLC

October 12, 2022

Los Angeles, CA – American Discovery Capital (ADC), a leading merchant banking firm focused on providing advisory services and private equity capital to founder-led and family-owned businesses, announced its investment in Medix Staffing Solutions, LLC (“Medix” or the “Company”).  The investment was made in partnership with MSouth Equity Partners, a private equity firm focused on acquisitions and recapitalizations of lower middle market companies, and the Company’s management team.  

Medix, founded in 2001 by Andrew Limouris and headquartered in Chicago, IL, is one of the largest providers of healthcare staffing services in the country, with 21 offices across the U.S and operations in 44 states. Medix is a purpose-led organization, dedicated to positively impacting lives and businesses with workforce solutions backed by people data and industry expertise.

Medix represents ADC’s first investment out of its second fund, American Discovery Fund II, LP, and is a continuation of ADC’s successful investment strategy from its Fund I, which had its final close in June 2019.  ADC focuses on identifying unique investment opportunities with founders and entrepreneurs who have built successful, established businesses, but can benefit from ADC’s strategic guidance, operational and M&A expertise, and access to capital to accelerate future growth.  ADC’s approach often makes it the first “institutional” capital a company has received in its lifetime, a position that ADC takes very seriously, and one which we believe can only be built upon a deep level of trust between our firm and our founder-owners, and a shared responsibility for the cultures, legacies and employee bases of our partner companies. 

CEO Andrew Limouris commented, “As a founder, the decision to take in capital for the first time is about more than the money.  It’s about finding partners who have respect and appreciation for what has been built in the past, and the resources, commitment and experience to maximize the potential of the business in the future.  We’ve found the perfect fit with our private equity partners, MSouth and ADC, and are excited about the years ahead.”

Based in Los Angeles, CA, American Discovery Capital (ADC) is a leading merchant banking firm focused on providing advisory services and private equity capital to founder-led and family-owned businesses operating in the business services and software sectors.  ADC targets long-term relationships with founders, entrepreneurs and senior management of companies in search of capital and industry expertise to support organic growth, fund acquisitions, or provide liquidity to owners.