Northlane Capital Partners (NCP) has announced the sale of PAR Excellence Systems to OceanSound Partners.

PAR Excellence, founded in 1992 and based in Cincinnati, is a provider of supply chain integrity and cost management solutions to the healthcare industry.

NCP, based in Bethesda, Maryland, is a middle market private equity firm focused on healthcare and business services. Founded in 2003, the firm seeks to make equity investments of $25 to $150 million in North American companies with EBITDA of $5 million to $30 million. NCP will continue as an investor in PAR Excellence.

OceanSound, founded in 2019 and based in New York, is a private equity firm that pursues control investments in technology and technology-enabled services companies serving government and enterprise end markets. 

Terms of the transaction were not disclosed.