PPM Partners is Acquired by Knack RCM

Brentwood Capital Advisors Serves as Exclusive Financial Advisor to PPM Partners

March 12, 2025 – Nashville, TN

Brentwood Capital Advisors LLC (“BCA”) is pleased to announce its role as exclusive financial advisor to PPM Partners, LLC (“PPM Partners” or the “Company”) in its acquisition by Knack RCM, a leader in tech-enabled revenue cycle management (“RCM”) solutions.

Founded in 1991 and headquartered in Montgomery, AL, PPM Partners is a leading RCM provider in the anesthesia sector. PPM Partners offers billing and coding, practice management, and accounts receivable collection services for anesthesia practices across the United States. The strategic acquisition strengthens Knack RCM’s position as a premier partner for anesthesia practices nationwide. PPM Partners’ specialized expertise, combined with Knack RCM’s existing anesthesia services footprint, will enhance Knack’s ability to optimize revenue cycle performance while upholding the exceptional service and client-focused approach that defines both organizations.

“We are thrilled to join Knack RCM and look forward to utilizing their resources, scale, and operational efficiency to enhance outcomes for anesthesia practices across the nation,” said Dean Azar, President and CEO of PPM Partners. Paul Pappanastos, COO of PPM Partners, added, “it was a pleasure to work with the BCA team, whose invaluable guidance throughout the transaction process enabled us to find the ideal strategic partner for our customers and employees.”

“PPM’s partnership with Knack RCM creates an exceptional opportunity for Knack RCM to solidify itself as a leading RCM services partner to anesthesia practices,” said John Allgood, Managing Director at BCA. Porter Meadors, BCA Managing Director, added, “Dean and Paul were outstanding to work with, and we look forward to their continued success with Knack RCM. This transaction bolsters BCA’s leadership position in RCM investment banking.”

Maynard Nexsen served as legal advisor to PPM Partners.

About Brentwood Capital Advisors

Headquartered in Nashville, Tennessee, Brentwood Capital Advisors is one of the nation’s leading independent investment banks, specializing in providing financial advice on mergers, acquisitions, corporate divestitures, and capital raising to growth-oriented, middle-market healthcare services, healthcare technology, and business services companies. For more information, visit www.brentwoodcapital.com.