Water Street partnered with Sarnova’s founder in 2008 to simultaneously invest in and merge two specialty distributors – Bound Tree Medical and Tri-anim Health Services. It was a market-leading combination that immediately established Sarnova as a strong national platform for healthcare specialty sales and distribution. Over the next 10 years, Water Street facilitated eight strategic acquisitions to expand Sarnova’s suite of medical products and services. We invested in the company’s infrastructure, enhanced its technology and extended its national footprint. In 10 years, Sarnova doubled its customer base, grew its revenues more than 50 percent and nearly doubled its employees. Today, Sarnova is the leading national specialty distributor of healthcare products in the emergency medical services (EMS) and acute care markets. In 2018, Water Street sold our majority interest in Sarnova to Patricia Industries. We continue to support the company’s strong growth as a minority investor.
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Jeff Prestel has been an executive member of Sarnova, a family of companies that includes Bound Tree Medical, Cardio Partners, Emergency Medical Products & Tri-anim Health Services, since November of 2011. He is privileged to lead a team of more than 600 people responsible for selling medical products to EMS and acute care customers. Prior to Sarnova, Jeff was CEO at BT Conferencing, where he led over 1,200 associates worldwide. Prior to BT, Jeff spent more than four years at Wire One Communications as senior vice president of sales and marketing. During this time, he played an integral role in the transformation of Wire One into the world leader of video conferencing solutions. He also helped lead the turnaround and eventual purchase by BT Conferencing. Prior to Wire One Communications, Jeff was employed at NCR Corporation for approximately 14 years. During this time, he was promoted to positions of increasing responsibility including vice president of Worldwide Alliances. In this position, he was responsible for directing associates who sell and market IT Infrastructure Solutions to enterprise customers, original equipment manufacturers and system integrators. Jeff holds a MBA, marketing and finance from The Ohio State University, Max M. Fisher College of Business, and a BS, business administration, marketing from Wright State University.