DME Express Announces Growth Equity Financing

DME Express Announces Growth Equity Financing | Business Wire

DME Express Announces Growth Equity Financing

DME Express, a leading Southeast-based provider of durable medical equipment services to the hospice industry, has secured an undisclosed amount of growth equity funding from WayPoint Capital Partners

BATON ROUGE, La.–()–DME Express, a leading Southeast-based provider of durable medical equipment rental and services to the hospice industry, has secured an undisclosed amount of growth equity financing from WayPoint Capital Partners, the direct investment affiliate of a single family office with several billion dollars in assets under management.

“We believe the management team’s significant industry experience and focus on high quality service to its customers will differentiate the company long term. We look forward to pursuing the numerous organic and inorganic growth opportunities available as a regional leader in a fragmented but consolidating industry.”

Concurrent with the equity financing, DME Express also secured a significantly expanded credit facility from its existing lender, Bank of Oklahoma (NASDAQ: BOKF). The funds from this financing will be used to support the company’s rapid growth and its continued expansion as a regional leader in providing durable medical equipment solutions tailored to the needs of the hospice industry.

“Since acquiring the DME Express platform in 2012, we have achieved exponential growth in the number of customers and patients served and a strong demand in the market for our hospice-specific durable medical equipment solutions by providing our customers with faster service, higher quality equipment, and lower pricing than any of our competitors,” said Mark Borneleit, CEO of DME Express. “This capital raise will enable DME Express to continue to make significant new investments in equipment, technology and expansion into new geographic markets. We are very excited to be able to leverage WayPoint’s experience in both healthcare and logistics, to help support and accelerate our continued growth.”

The DME Express management team has over 100 years of hospice and nursing facility experience and understands the unique needs of its customers. With over 100,000 square feet of warehouse space across six states, over $20 million dollars invested in inventory, and over 120 delivery technicians and vehicles, DME Express can fulfill any order, of any size, at any time for its customers. In addition, DME Express has developed a proprietary software platform, which enables the company to provide consolidated data and analytics to its customers. DME Express has been accredited by the Accreditation Commission for Health Care (ACHC) since 2009.

“WayPoint is thrilled to partner with DME Express and support its continued growth,” added Philip Edmunds, Vice President at WayPoint Capital Partners. “We believe the management team’s significant industry experience and focus on high quality service to its customers will differentiate the company long term. We look forward to pursuing the numerous organic and inorganic growth opportunities available as a regional leader in a fragmented but consolidating industry.”

Gar Wood Securities served as the exclusive financial advisor to DME Express on the transaction.

About DME Express

DME Express was founded over 10 years ago to fulfill its mission of providing hospices and nursing facilities with the highest quality equipment and service, at the lowest price, whenever they need it. The founders and managers of DME Express have over 100 years of hospice and nursing facility experience and understand the unique needs of hospices and nursing facilities. Since 2006, DME Express has expanded to become the provider of choice in every market within its service areas. DME Express is committed to always be available to its patients with high quality medical equipment, proprietary technology, and unmatched customer service. For more information:

About WayPoint Capital Partners

WayPoint Capital Partners, based in Rye, NY, is the direct investing affiliate of a single family office with several billion dollars in assets under management. WayPoint focuses on partnering with entrepreneurs across the middle market healthcare, logistics and business services sectors to grow their businesses organically and through add-on acquisitions. As a balance sheet investor with a perpetual capital source, WayPoint does not have predefined holding periods or exit horizons and can focus exclusively on long term capital appreciation. For more information:

About Gar Wood Securities

Gar Wood Securities, LLC is U.S. broker-dealer and member of FINRA, SIPC and NFA that provides clients access to major global markets and alternative investments in private growth companies as well as hedge funds. Gar Wood Securities Private Capital Group extends the firm’s capital raising efforts to US middle market private companies seeking early stage funding, growth capital, recapitalization or funding for special situations. Via a network of institutional investors, family offices and investment advisors, the placement team at Gar Wood is able to provide cost-effective access to capital solutions in an underserved and often overlooked segment of the industry. For more information:

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It is the policy of Gar Wood that we do not disclose any non-public personal information about you to anyone except authorized employees, affiliated third parties or as required by law or court order. Information is shared with non-affiliated third party service providers only as necessary to execute and/or settle transactions in your account.

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Gar Wood Securities, LLC Business Continuity Planning

Gar Wood Securities has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our business continuity plan.


Contacting Us – If after a significant business disruption you cannot contact us as you usually do at (312) 566-0740, you should call our alternative number (312) 953-3701 or go to our web site at If you cannot access us through either of those means, you should contact our clearing firms, as applicable, for liquidating orders, check/wire requests and securities transfers;  Interactive Brokers LLC at 866-694-2757 and, Axos Clearing LLC at 402-384-6100 and or Vision Financial Markets, LLC at  877-836-3949 and


Our Business Continuity Plan – We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing our customers to transact business. In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.


Our business continuity plan addresses: data back-up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assuring our customers prompt access to their funds and securities if we are unable to continue our business.


Our clearing firms back up their important records in a geographically separate area. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by our clearing firms that it’s their objective to restore their own operations and be able to complete existing transactions and accept new transactions and payments within 8-24 hours. Your orders and requests for funds and securities could be delayed during this period.


Varying Disruptions – Significant business disruptions can vary in their scope, such as only our firm, a single building housing our firm, the business district where our firm is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only our firm or a building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business within the same business day. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area and recover and resume business within one business day. In either situation, we plan to continue in business, transfer operations to our clearing firm if necessary, and notify you through our web site or our customer emergency number, (847) 770-5753 on how to contact us. If the significant business disruption is so severe that it prevents us from remaining in business, we will assure our customer’s prompt access to their funds and securities.


For more information – If you have questions about our business continuity planning, you can contact us at (312) 662-1265 or In addition, our business continuity disclosure may be accessed at

Rule 606 Report

SEC Rule 606 Report 

Gar Wood Securities LLC (GWS) has prepared this report pursuant to a U.S. Securities and Exchange Commission rule requiring all brokerage firms to make available to the public quarterly reports about their order routing practices. 

The report provides information on the routing of “non-directed orders” — any order that the customer has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, GWS has selected the execution venue on behalf of its customers.

This report identifies the venues most often selected by GWS, sets forth the percentage of various types of orders routed to the venues, and discusses the material aspects of GWS’s relationship with the venues.

Please note that GWS utilizes two (2) separate clearing firms for its customer orders; 1) Axos Clearing LLC and 2) Interactive Brokers LLC.  Due to the distinct differences in the nature of these clearing relationships and how our customer orders are handled, GWS provides two (2) SEC Rule 606 Reports; One applicable to our clients’ orders at Axos Clearing and another for our clients’ orders at Interactive Brokers.

For your review, below are Links to each of these Rule 606 reports.

Questions regarding this report should be addressed to the GWS Compliance Department at (312) 662-1265. 


Gar Wood Securities – Interactive Brokers (GWDS)

Gar Wood Securities – Axos Clearing (GRWD)

Client Relationship Summary
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