Essilor Acquires Vision Source – Vision Source makes online announcement of acquisition by Essilor.
This the most recent in a series of acquisitions over the past two years that also include Clearly, Riverside Opticalab and Transitions.
In a press release from Vision Source, the following information was shared…
North America’s largest, independent optometric service alliance Vision Source, a portfolio company of Brazos Private Equity Partners of Dallas, announced today that it has entered into a definitive agreement to be acquired by Essilor. Both companies share in their longstanding commitment to continuously elevate independent optometry through innovation, partnership and choice. Vision Source will continue to be led and managed as an independent company by the current leadership team, which includes the company’s Founder & Executive Chairman, Glenn Ellisor, O.D. The acquisition remains subject to standard regulatory approvals.
“This partnership brings together the global leader in the lens market with the leading U.S. platform of products and services for independent eye care professionals.” said Ellisor. “We’re certain that the expertise and resources that this new relationship offers our members will further bolster the success of their practices. We could not ask for a better organization to join forces with as we lead Vision Source into the future.”
Vision Source, with Essilor’s support, will further invest in eyecare professionals, providing them with a stronger position in the industry by offering them choice in a vast array of business tools, services and products they need to further enhance the patient experience.
“Our partnership with Vision Source is part of our overall strategy to offer ECPs choice in new and innovative solutions, business tools, services and products they need to enhance the patient experience,” said Eric Leonard, President, Essilor of America, Inc. “We believe in the current Vision Source leadership and are committed to their strategy of supporting independent eyecare professionals in providing improved patient outcomes. We believe, working together, Essilor and Vision Source will enhance independent optometry by reducing the complexity and risk associated with managing the practice of the future.”