All Rights Reserved. Wellspring Capital has raised over $4.5 billion of initial capital commitments through six private equity funds. Above the Trend Line: your industry rumor central is a recurring feature of insideBIGDATA. ABOUT GAMUT CAPITAL MANAGEMENT LEARN MORE. "We are honored that Wellspring chose to invest in our organization. Bill Dawson is taking time off from his $2.2 billion private equity firm Wellspring Capital Management, which will investigate the claims of Dawson's threats, according to an internal memo seen. Capital Industrials Lincoln International has advised Private shareholders and FSP CAPCELLENCE on the sale of majority stake in ARGO-HYTOS to Voith Designer Jiun Ho draws inspiration from Kyoto's natural beauty. Franchise owners in the network range from large private equity investors to mom-and-pop startups, some of which have been in the owners families for two or three generations. COVID vaccines brought to market in record time. Across our business, everywhere we look, weve found new growth opportunities. The timing of the Caring Brands transaction makes sense for a number of reasons, according to Mark Kulik managing director of The Braff Group. And while its continued involvement is not surprising, its still a good sign for the health of industry, Mark Kulik, the managing director of M&A advisory firm The Braff Group, told HHCN. All rights reserved. Caring Brands is headquartered in Sunrise, FL. The refinancing was effected through the purchase and retirement of $103.0 million of debt., NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that an affiliate has acquired API Heat Transfer Inc. (API Heat Transfer), one of the largest full-service producers of industrial heat exchangers and heat transfer systems, from Industrial Growth Partners. Financial terms of the transaction were not disclosed. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. The distribution of these shares was the final step in Wellsprings exit of its successful investment in the Company. Middle Market Private Equity. These include lower capital gains tax rates that could rise next year if proposed legislation goes through. Donald Trump calls for contest to charter 10 new cities on Federal Land. Bonds haven't been this attractive since 2008. To do our part, Wellspring is committed to employing a DE&I strategy through trainings, recruitment, career advancement opportunities, and philanthropic initiatives. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Learn More. Hoffmaster Group, which is backed by Gamut Capital and Wellspring Capital, has . Significant legal events involving law firms, companies, industries, and government agencies . The Caring Brands management team, led by Jennifer Sheets, has built an incredible business and the investment has been extremely successful for [all] stakeholders, Matthew Frankel, a managing partner at the firm, said in a statement. Swifts management team invested alongside Wellspring in the transaction. Patersons legacy of quality products will be highly complementary to the Hoffmaster Group portfolio. When typing in this field, a list of search results will appear and be automatically updated as you type. Cision Distribution 888-776-0942 Amazon.com (NASDAQ:AMZN Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. March 4, 2023 01:01. Besides those tailwinds, the biggest advantage the home care industry has, both domestically and abroad, is a rapidly aging population. The acquisition will encompass Packaging Dynamics extrusion laminating, 10-color, EAST BLOOMFIELD, NYWellspring Capital Management LLC and Pamlico Capital today announced that Wellspring has acquired Crosman Corporation from Pamlico. This is part of their comfort zone; it certainly is an adjacent business to Help at Home, Kulik told Hospice News. Specializing in print and converting paper products and located in Sparks, Nevada, Paterson is majority-owned by members of the Buckley family and a committed group of outside shareholders. bree.gaber@hoffmaster.com, GAMUT MEDIA CONTACT And here at Wellspring, were investing heavily to help drive those solutions forward for a better tomorrow. Posted By: Dreadnought, 3/1/2023 2:03:11 PM Russia has lost a large-scale tank battle for Vuhledar in Donetsk Oblast, getting ambushed by the Armed Forces of Ukraine just as it did during the attack when using tank convoys at the beginning of the full-scale invasion. During the same period in the previous year, the business earned $1.39 EPS. Hoffmaster Group, Inc. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. In this post, Id like to focus on the bigger picture why it made sense to raise a fresh round of capital, why 2022 was the right time, and why Im deeply excited for Wellsprings future. Financial terms were not disclosed. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. While we have made significant strides in our ESG program, we seek to continue to improve our program and implement best-in-class ESG practices. Fund Vs limited partners include leading institutional investors from the U.S., Canada,, NEW YORK, NYWellspring Capital Management LLC (Wellspring) announced today that it has acquired Jen-Coat, Inc. (Jen-Coat or the Company), a leading flexible packaging manufacturer in the food, healthcare and industrial segments, from CGW Southeast Partners. Daily and real-time news and case alerts on organizations, industries, and customized search queries. The new credit facility will provide API with additional financial flexibility to invest in its business and enable the Company to pay, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has acquired National Seating & Mobility, Inc. (NSM), the nations premier provider of complex rehab technology (CRT) solutions for individuals with permanent or long-term mobility loss, from Ridgemont Equity Partners. AMZN has been the topic of a number of research analyst reports. Oppenheimer upped their price target on shares of Amazon.com from $130.00 to $135.00 and gave the stock an outperform rating in a report on Friday, February 3rd. Wellspring acquired OMNI in October 2010 in a take-private transaction valued at $122 million. In addition to Caring Brands International and Senior Helpers, Honor acquired Home Instead in August and the PE Firm RiverGlade Capital acquired Home Helpers in April. Talk about your Friday news dump. Fulida, together with Zhejiang Fulida Ltd, which had established a minority equity position along with a strategic supply agreement with Neucel in 2010, is now assuming full ownership of the company. Together, the CBI brands represent 550 locations operated by more than 250 franchise owners and operators that produce over $1.3 billion of system wide sales annually. ABOUT PATERSON Wellspring Capital Management is a leading private equity firm headquartered in New York. Amazon.coms revenue for the quarter was up 8.6% compared to the same quarter last year. Wellspring Financial Advisors LLCs holdings in Amazon.com were worth $1,170,000 at the end of the most recent quarter. Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. Home Health Care News (HHCN) is the leading source for news and information covering the home health industry. For additional information, please visit www.wellspringcapital.com. While Labor Day is the more official holiday, it never hurts to have another day to . OSHKOSH, Wis. (February 27, 2023) Hoffmaster Group, Inc., a leading U.S. manufacturer of premium disposable tableware, announces today the acquisition of Paterson Pacific Parchment Company (Paterson or Paterson Paper), a premier producer of foodservice paper and parchment products. The private equity industry publication indicated that multiples in the deal were in the 11x to 12x range of the companys $45 million EBITDA. Saratoga Senior Center, located directly behind Saratoga Central Catholic and its athletic field. We have been strong advocates of high-quality home-based care providers that enable seniors, individuals with medically complex care needs, and others with disabilities to live independently in their homes, Naishadh Lalwani, a partner at Wellspring, said in a press release. 12.70% of the stock is currently owned by company insiders. The addition of Coburn to Rohrer strengthens Rohrers printed folding carton capabilities with the strengthening of structural design, addition of large-format printing, and expertise in, RAYUS Radiology, formerly Center for Diagnostic Imaging, a leading national provider of advanced diagnostic and interventional radiology, announces the acquisition of Foundation Radiology Group, aPittsburgh-based, full-service radiology provider with more than 100 radiologists delivering on-site and tele-radiology services to more than 45 health systems, community hospitals, prominent academic medical centers and outpatient imaging facilities across, MINNEAPOLIS,June 28, 2021/PRNewswire/ Center for Diagnostic Imaging (CDI), the nations leading subspecialty practice for advanced diagnostic and interventional radiology, announced its rebranding as RAYUS Radiology, a major milestone in the companys 40-year history and indicator of its massive national growth and expansion plans. Most of those transactions took place around 2015 and 2016, however, with just a handful happening since then. Wellspring Capital Management is a leading private equity firm headquartered in New York. Now, Wellspring on Route 9 in Malta will begin hosting the interfaith breakfast from 7:30 to 8:30 a.m. starting Thursday, March 9. Wells Fargo & Company dropped their target price on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Financial terms were not disclosed. Founded in 2015, Gamuts senior deal professionals have executed investments in over 50 companies in North America and Europe. For more information, visit www.patersonpaper.com. Jen-Coat is the first subsidiary of a new holding company formed by Wellspring and industry executive Harold Bevis. There have been four major home care franchisers acquired in 2021, with PE buyers driving three of those transactions. Financial terms of the transaction were not disclosed. The addition of Jay Packaging Group to Rohrer strengthens the combined capabilities of both companies in the areas of high-end printing and, WADSWORTH, OHIO, Dec. 9, 2021 Rohrer Corporation, a leading retail-packaging designer and manufacturer, today announced the addition of three key executives to its leadership team. To learn more, please visit www.gamutcapital.com. Financial terms of the transaction were not disclosed. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group Effective Jan. 17, 2022. About Bluebird CareBluebird Care is the UK's largest national independent provider of care and support at home services, demonstrating the highest standards of quality, professionalism and expertise with every home visit. Founded in 1947, Hoffmaster is a leading, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has entered into an agreement to sell its portfolio company ProAmpac, a leading global flexible packaging company, to Pritzker Group Private Capital. Trevor Gibbons Some of the organizations that we support include: 2022 Wellspring Capital Management Group LLC |. I think this is a part of their comfort zone, and this is an adjacent business to Help at Home. Financial terms of the transaction were not disclosed. For additional information, please visit www.wellspringcapital.com. In the words of one of our investors, we are committed to do what we are already doing well just much more of it. Innovative talent drives the aging industry forward. This lesser-known celebration was created to recognize employees for their hard work, dedication and contributions. CBI's branches and franchisees offer individuals and strategic partners a full continuum of care including skilled nursing, assistance with daily living activities and end-of-life hospice care. Private equity transactions and an influx of new deals during 2021 could drive up hospice valuations that have already reached record highs, with multiples reaching 26x in 2020. The seller, PE outfit Levine Leichtman Capital Partners, purchased the company in 2015. Lincoln International has advised Elas Orium, Capital Export and Argos Wityu on the sale of France Elvateur to Time Manufacturing Company, a portfolio company of H.I.G. Caring Brands International and their franchisees and operators have developed a stellar reputation of empowering individuals to live life on their own terms and we are excited to partner with Jennifer and team to continue to grow that mission.. In total, Wellspring's current portfolio companies employ nearly 60,000 people around the world and generate aggregate revenues in excess of $5.0 billion per year. As of the December 2020 timetable change, the following services stop at La Chaux-de-Fonds-Est: Financial terms of the transaction were not disclosed. Tzoumakas succeeds Rick Long, who successfully led the company for the past six years and developed the companys network, Wellspring Capital Management Group LLC (Wellspring), a leading middle market private equity firm, today announced several organizational changes, reflecting the evolution of the firms leadership and positioning the firm for continued success in implementing its investment strategy, which has consistently driven compelling returns for its investors over the past 25 years. Wellspring Capital Management is a leading private equity firm headquartered in New York. Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. Wellspring Capital-Backed RAYUS Radiology Acquires One Of The Largest Radiology Groups In The U.S., Bolstering Its Growing Nationwide Network | Markets Insider Markets Stocks Indices Commodities. ABOUT WELLSPRING CAPITAL MANAGEMENT HHCN is part of the Aging Media Network. That is, Wellspring will continue the journey we've started, in four ways: It's not hard to sense that uncertain times are ahead for the world in general, and for many of us personally. April 20, 2023 Washington, D.C. Ukrayinska Pravda (Ukraine), by Staff Original Article. Managing Director at Wellspring International Capital Partners, LLC 2d Report this post . Courtesy of Arim. Financial terms of the agreement were not disclosed. In January 2012, the same Wellspring affiliate, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has acquired ThermaSys Corporation (ThermaSys or the Company), a leading manufacturer of a wide range of heat exchangers and heat exchange equipment, from an affiliate of Sun Capital Partners, Inc. Financial terms of the transaction were not disclosed. The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. CBI and their franchisees and operators have developed a stellar reputation of empowering individuals to live life on their own terms and we are excited to partner with Jennifer and team to continue to grow that mission.". This represents an opportunity far beyond Wellsprings own growth interests. Hoffmaster Group, Inc. is currently owned by Wellspring Capital Management. *Tracking student experiences across online and offline channels, devices etc. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. In this column, we present a variety of short time-critical news items grouped by category such as M&A activity, people movements, funding news, industry partnerships, customer wins, rumors and . Founded in 1996 and headquartered in Milwaukee, Wisconsin, Steele, Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, announced that it has closed the acquisition of Lucky Strike Entertainment, LLC, an operator of upscale entertainment venues with 21 locations in the United States. We appreciate Gamut supporting our strategic initiatives and providing validation of the exciting growth opportunities ahead and look forward to the partnership alongside Wellspring, adds Leyden. To support the acquisition, Hoffmaster has secured new financing commitments and strategic capital to refinance its capital structure. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Tracing its heritage back to 1966, CBI is the leading franchisor of home healthcare services under three global brands: Interim HealthCare (in the United States), Bluebird Care (in the United Kingdom and the Republic of Ireland) and Just Better Care (in Australia). In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. Hedge funds and other institutional investors own 57.64% of the companys stock. Today, Wellspring announced a significant capital raise. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. Barclays upped their price target on shares of Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. This partnership enables us to continue our exceptional service with expanded capabilities to our combined customer base., On behalf of the Paterson team, we look forward to joining the Hoffmaster organization, said Joe Buckley, President of Paterson Paper. Analyst Price Forecast Suggests 119.51% Upside. First, the world is counting on innovation more now than at any point in the past half-century (at least). In the coming years, three critical capabilities will determine who succeeds and indeed, to what degree we all succeed collectively in the new golden age of innovation: Wellspring already provides software and solutions for all three of these foundational needs. Home; About Us; Investment Approach. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Since investing in 2015, we have completed numerous add-on acquisitions (both domestic and abroad), driven the increased adoption of Caring Brands higher-acuity service lines (especially hospice and home health), and added a company-owned branch strategy to further accelerate growth.. Organizations around the world need to accelerate innovation as never before and we find ourselves uniquely equipped to help them. My Personal CFO LLC bought a new position in shares of Amazon.com in the first quarter worth about $261,000. Headquartered in, NEW YORK Wellspring Capital Management LLC (Wellspring) announced today that its portfolio company API Heat Transfer (API or the Company) has completed a recapitalization, including a new $300 million first-lien credit facility. LEARN MORE, SPONSORED BY: Terms of the transaction were not disclosed. | Privacy Policy, Why Wellspring Chose to Raise Capital in 2022, The ability to access and leverage data-driven insights, The ability to partner across the technology ecosystem, The ability to deliver real-worldinnovations that benefit society, Double-down on supporting the success of our customers through. Founded in 1966 and First in Home Care, Interim HealthCare Inc. is unique in combining the commitment of local ownership with the support of a national organization that develops innovative programs and quality standards. This opens a lot of opportunities for us, thinking about what we can be in the broader health care continuum, Senior Helpers co-founder and CEO Peter Ross told HHCN at the time. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. Wellspring Capital Management is a leading private equity firm headquartered in New York. is reportedly attempting to go public by years end, Seniors Helpers acquired by Advocate Aurora Healths investment arm, PE Firm RiverGlade Capital acquired Home Helpers, How Immigration Adjustments Could Alter The Entire Home-Based Care Landscape, A Look Behind The Curtain At April Anthonys New Home Health Company, VitalCaring, HHCN+ Report: The Pros and Cons of Certificate of Need Regulations in Home Health Care, Electronic Visit Verifications Bumpy Rollout In Home-Based Care Continues, More Payers Leaning Into High-Acuity, At-Home Care Could Be Game Changer, Paving the Path for Staffing Certainty Actionable Strategies for Executives, Home-Based Care Growth Plans and Financial Health. Just Better Care currently has over 40 independently owned and operated franchise territories covering NSW, Queensland, Victoria, the ACT, Western Australia and the successful franchisor is currently expanding its footprint of local offices into Tasmania. The firm's objective is to bring partnership, experience and value creation to each investment. Founded, MONTREAL, CANADAWellspring Capital Management and Harold Bevis, Chairman and Chief Executive Officer of Packaging Solutions Holdings, announced that Packaging Solutions Holdings has acquired Excel Pac, a leading flexible packaging manufacturer in the food, dairy and pet food markets from Vincent Musacchio. Those positives have pushed some sidelined buyers into the game, giving them more confidence to strike a deal. Financial terms of the, Center for Diagnostic Imaging (CDI), the nations leading provider of comprehensive radiology services, announced today the appointment of Kim Tzoumakas as Chief Executive Officer to lead the companys next phase of growth. CEI specializes in wide web extrusion coating and laminating of film, foil, paper, board and nonwovens and will, NEW YORKWellspring Capital Management LLC, a New York-based private equity firm, announced today the creation of a leading flexible packaging company through the merger of portfolio companies Prolamina Corporation and newly acquired Ampac Holdings, LLC. CBI offers franchises under three brands: Interim HealthCare (United States and Saudi Arabia), Bluebird Care (United Kingdom and Republic of Ireland) and Just Better Care (Australia). Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through . Overall, the Caring Brands network includes 550 locations operated by more than 250 franchise owners worldwide.
Information Technology Manager