#United States #Charleston #Leonard Green #5th Century Partners #Radon Medical Imaging

5th Century Partners Successfully Completes the Sale of Radon Medical Imaging

5th Century Partners (5CP) has announced its latest success in the healthcare investment market by finalizing the sale of Radon Medical Imaging to Leonard Green Partners (LGP). This strategic move has been characterized by the execution of 5CP's value creation strategy aimed at fostering growth and operational excellence.

Situated in Charleston, West Virginia, Radon is renowned for its maintenance and repair services for medical imaging equipment, catering predominantly to clients across the Midwest, Mid-Atlantic, and Southeastern United States. The company has cultivated a reputation for delivering tailored solutions, underpinned by its technical prowess and commitment to quality customer service. Its diverse clientele includes major hospitals, clinics, and various outpatient facilities.

Marques Torbert, co-founder and managing partner of 5th Century Partners, emphasized that the sale is a reflection of Radon’s exceptional leadership and the relentless dedication of its employees. He remarked, “Radon represents exactly the type of partnership and value creation strategy that 5CP was built to pursue.”

Under the stewardship of 5th Century Partners since 2022, Radon has transitioned from a regional service provider into a significant multi-state enterprise, tripling its revenue and expanding its operational footprint dramatically — from five states to covering 26. The firm’s investment period saw the workforce grow substantially, now exceeding 220 employees, including over 135 qualified technicians and engineers. This remarkable growth trajectory was bolstered by key acquisitions over the years, including Premier Imaging Medical Systems in 2022, Tristate Biomedical Solutions in 2023, Alpha Imaging in 2024, and Majestic Medical Solutions in 2025.

Andy Border, Founder and Executive Chairman at Radon, expressed gratitude for the partnership with 5CP, stating, “5th Century Partners has been an invaluable partner in helping us scale the business while staying true to the culture and customer-first approach that have defined Radon for nearly five decades.” David Wilson, the CEO of Radon, added,