This is an important acquisition for Hoffmaster as we bring together two leaders in the premium foodservice disposables category, said Rory Leyden, CEO of Hoffmaster Group, Inc. We are looking forward to the opportunities that will result from the combined strengths of the two companies. Wellspring Capital Management Acquires Steele Solutions, Inc. Wellspring Capital Acquires Lucky Strike Entertainment, Wellspring Capital Management Acquires Paragon Films, Wellspring Capital Management Acquires Center for Diagnostic Imaging, Hoffmaster Group, Inc. Acquires Aardvark Straws, Blackstone to Acquire Tradesmen International from Wellspring Capital Management, Wellspring Capital to Acquire Hoffmaster Group, Wellspring Capital to Sell ProAmpac to Pritzker Group, Wellspring Capital to Sell National Seating & Mobility to Court Square, Wellspring Capital Management Portfolio Company Proampac To Acquire Coating Excellence International Acquisition Will Further Strengthen Extrusion Lamination Capabilities, Wellspring Capital Management Forms Leading Flexible Packaging Company Announces Acquisition of Ampac Holdings, LLC and Simultaneous Merger with Portfolio Company, Wellspring Capital Management Acquires Qualitor, Wellspring Capital Management Acquires Swift Worldwide Resources, Wellspring Capital Management Recapitalizes API Heat Transfer, Wellspring Capital Management Acquires National Seating & Mobility, Wellspring Capital Management Sells Cleaver-Brooks to Harbour Group, Wellspring Capital Management Recapitalizes Checkers Drive-In Restaurants, Wellspring Capital Management Distributes Remaining Susser Holdings Shares To Its Limited Partners, Wellspring Capital Management Sells OMNI Energy Services To Gibson Energy, Wellspring Capital Management Refinances United Sporting Companies Existing Debt, Affiliate Of Wellspring Capital Management Acquires API Heat Transfer Will Partner With ThermaSys Corporation to Expand Product and Service Offerings, Wellspring Capital Management Acquires ThermaSys Corporation, Wellspring Capital Management Acquires Resco Products, Prolamina Acquires Packaging Dynamics Business Unit, Wellspring Capital Management Acquires Crosman Corporation from Pamlico Capital, Innovative, High-End Flexible Packaging Supplier to Food & Dairy Industry to Join New Packaging Company, Fulida Purchases Neucel Specialty Cellulose Ltd. From Wellspring Capital Management, Wellspring Capital Management Closes Fund V at $1.2 Billion, Wellspring Capital Management Acquires Jen-Coat, Inc. Harold Bevis Named Chairman and CEO of New Holding Company, OMNI Energy Services Agrees to be Acquired by Wellspring Capital Management for $2.75 Per Share in Cash, Wellspring Capital Completes Sale of Dave & Busters, TA Associates to Acquire Vatterott Educational Centers from Wellspring Capital Management. CALGARY Alberta Premier Danielle Smith, weighing in on a limp hand clasp with the prime minister that went viral, says she never expected she would have to shake hands with him at a media . We believe that diversity in experience, culture and perspectives enriches and strengthens our organization. How do you own it? Widening its reach to now include Kentucky, Virginia, Georgia, Texas, and California, HealthPRO is excited to offer services to kiddos across 38 states. document.write(new Date().getFullYear()); Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. 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.". NEW YORK , August 23, 2022 Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced the completion of its acquisition of WellSpring Consumer Healthcare ("WellSpring"), a developer and marketer of leading over-the-counter ("OTC") and personal care brands, from Audax Private Equity. . From left: John Meakin, vice president, commercial financial consultant at Rockland Trust; Charles Gray, business banking officer at Rockland . Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments. Founded in 1988 and headquartered in Broken Arrow, Oklahoma, Paragon is a, Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of Center for Diagnostic Imaging (CDI), a leading independent provider of outpatient diagnostic imaging services. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. The team, assets and know-how of Excel Pac join Jen-Coat and a new greenfield, PORT ALICE, BCFulida Group Holdings Ltd (Fulida) has purchased Neucel Specialty Cellulose from a consortium of investors led by Wellspring Capital Management. Cision Distribution 888-776-0942 The White House has released a statement from Joe Biden's doctor stating that the president had "cancerous tissue" removed. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. Financial terms were not disclosed. Oppenheimer & Co. Inc. Sells 31,220 Shares of Amazon.com, Inc. (NASDAQ:AMZN), Enstar Group Limited (NASDAQ:ESGR) Holdings Increased by Credit Suisse AG, Get a free copy of the StockNews.com research report on Amazon.com (AMZN). Vatterott, headquartered in St. Louis, Missouri, is one of the leading providers of career-oriented post-secondary education in the, 2022 Wellspring Capital Management Group LLC |, Hoffmaster Group, Inc. Acquires Paterson Pacific Parchment Company, HealthPRO Pediatrics Continues U.S. Innovative talent drives the aging industry forward. ABOUT PATERSON 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. 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. The Company's franchisees and operators are uniquely positioned in their respective markets to offer the full continuum of healthcare at home including skilled nursing, home health, assistance with daily living activities and end-of-life hospice care along with healthcare staffing. Youve got the Choose Home legislation, and that looks pretty solid right now. These include lower capital gains tax rates that could rise next year if proposed legislation goes through. All Rights Reserved. LEARN MORE, SPONSORED BY: Given the specter of inflation and recession, much has been written lately about the funding environment. Headquarters Location Lever House 390 Park Avenue New York, New York, 10022, United States Significant legal events involving law firms, companies, industries, and government agencies . LEARN MORE. Wellspring Capital Management is a leading private equity firm headquartered in New York. The capital of Japan for more than a thousand years, until the mid-19th century . According to data from MarketBeat, Amazon.com has a consensus rating of Moderate Buy and an average target price of $144.87. Wellspring Capital Management is a leading private equity firm headquartered in New York. UBS Group AG Has $3.41 Million Position in Builders FirstSource, Inc. Caseys General Stores, Inc. Shares Sold by Healthcare of Ontario Pension Plan Trust Fund. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. The seller, PE outfit Levine Leichtman Capital Partners, purchased the company in 2015. Wellspring Capital Management is a leading private equity firm headquartered in New York. The proposed site for a new homeless shelter is seen in Saratoga Springs on Friday, January 27, 2023. Analyst Price Forecast Suggests 119.51% Upside. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. After Geneva, Lausanne and Fribourg, it is the fourth largest city located in the Romandie, the French-speaking part of the country, with a population (as of December 2020) of 36,915. Pro-gamut@prosek.com, 2022 Wellspring Capital Management Group LLC |, Hoffmaster Group, Inc. Acquires Paterson. I think they like the prospects for the continued growth [in this space].. Home Health Care News (HHCN) is the leading source for news and information covering the home health industry. The procedure occurred on February 16th but was not revealed to the public at the time. Gamut Capital Management, L.P. (Gamut), a New York-based middle market private equity firm, led an equity investment in Hoffmaster through affiliates of its second institutional fund, Gamut Investment Fund II, L.P. Gamut will partner with existing shareholder, Wellspring Capital Management, L.P. (Wellspring), to complete the acquisition and support Hoffmaster in driving further value creation for its stakeholders. Private equity interest in the hospice sector has been gaining momentum in recent years, raising the stakes in hospice deals and stepping up competition for acquisition targets. Prosek Partners Financial terms of the agreement were not disclosed. 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. Today, Wellspring announced a significant capital raise. Individuals of the firm have identified certain causes to support and brought the firm into the fold to leverage individual contributions both with financial support and time. While Labor Day is the more official holiday, it never hurts to have another day to . Financial terms of the transaction were not disclosed. Managing Director at Wellspring International Capital Partners, LLC 2d Report this post . And we have core software systems that already power enterprise-wide Innovation Operations at some of todays largest and most successful technology leaders. Want to see what other hedge funds are holding AMZN? document.write(new Date().getFullYear()); As the home care industry leader, we at Caring Brands International are fully committed to making the home the center of health care and helping more people gain the quality services they need, Sheets said. Headquartered in Michigan and operating, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has acquired Swift Worldwide Resources (Swift or the Company), the premier supplier of skilled manpower resources to the global oil and gas industry, from Gresham Private Equity. And much more. Financial terms of the transaction were not disclosed. Financial terms of the transaction were not disclosed. Jim Parker is a subculture of one. The distribution of these shares was the final step in Wellsprings exit of its successful investment in the Company. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through . 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 of diagnostic imaging clinics, MINNEAPOLIS, Minn; March 8, 2021Center 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. The . Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. Neal will assume the role on Feb. 7, 2022. 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. In total, Wellspring's current portfolio companies employ nearly 60,000 people around the world and generated aggregate revenues in excess of approximately $4.5 billion in the last 12 months. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. Specializing in, March 9, 2022 HealthPRO Pediatrics is pleased to announce a significant expansion of its therapy services across the country. For additional information, please visit www.wellspringcapital.com. March 4, 2023 01:01. NEW YORK Blackstone (NYSE:BX) and Wellspring Capital Management LLC (Wellspring) today announced that private equity funds affiliated with Blackstone have entered into a definitive agreement to acquire Tradesmen International, LLC (Tradesmen), the leading agency-based provider of outsourced skilled craftsmen to non-residential construction and industrial contractors in North America, from Wellspring. 1 of 2. Tracing its heritage back to 1966, CBI, WADSWORTH, OHIO Rohrer Corporation, a leading retail-packaging designer and manufacturer, today announced that it has closed the acquisition of Coburn Carton Solutions, a premier printer and folding carton converter. Saratoga Senior Center, located directly behind Saratoga Central Catholic and its athletic field. We have a head start in assembling a vast corpus of actionable data from across the worldwide innovation landscape everything from research projects to startups to product development and beyond. 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. A Chicago-based journalist who has covered health care and public policy since 2000, his personal interests include fire performance, the culinary arts, literature, and general geekery. The firm functions as a strategic partner, providing management teams with top-line support, M&A experience, financial expertise and access to resources. Abuja, Federal Capital Territory, Nigeria. Wellspring Capital Management is a leading middle-market private equity firm headquartered in New York. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. 1 in the senior care category of Entrepreneur magazines annual Franchise 500. Founded in 1992, NSM has grown into North Americas premier Complex Rehab Technology provider, with, New York and Cincinnati Wellspring Capital Management today announced that its portfolio company ProAmpac has entered into an agreement to acquire Coating Excellence International (CEI), a flexible packaging and technical products company based in Wrightstown, Wisconsin. This next chapter will be one of accelerated growth with a continued and dedicated focus on servicing our customers.. Across our business, everywhere we look, weve found new growth opportunities. 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. 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). Through it all, weve seen two enduring trends. Capital Industrials Lincoln International has advised Private shareholders and FSP CAPCELLENCE on the sale of majority stake in ARGO-HYTOS to Voith Terms of the transaction were not disclosed. Ranked #1 for the third year in a row by Entrepreneur magazine, franchisees employ nurses, therapists, aides, companions and other healthcare professionals who provide 25 million hours of home care service to 200,000 people each year, meeting a variety of home health, senior care, hospice, palliative care, pediatric care and healthcare staffing needs. Posted by MarketBeat News on Mar 4th, 2023. Financial terms, NEW YORKWellspring Capital Management LLC (Wellspring) today announced the closing of Wellspring Capital Partners V LP (Fund V) with capital commitments totaling $1.2 billion. Gamut Capital Management is a New York-based private investment firm managing in excess of $2 billion in assets focused on the middle market. We are deeply appreciative of the overwhelming and continued excitement for investing in the home health care space, Jennifer Sheets, the president and CEO of Caring Brands International and Interim HealthCare, said in a statement shared with Home Health Care News. We encourage our portfolio companies to do the same within their own industries. Overall, the Caring Brands network includes 550 locations operated by more than 250 franchise owners worldwide. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Financial terms of the, NEW YORK, October 19, 2016 Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has agreed to acquire Hoffmaster Group, Inc. (Hoffmaster), a leading North American manufacturer of disposable tableware, from Metalmark Capital. On average, analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current year. Courtesy of Arim. CBI is a perfect fit with our history of investing in care in and around the home and we are excited to support the next phase of growth for the Company and its market-facing brands.". The timing of the Caring Brands transaction makes sense for a number of reasons, according to Mark Kulik managing director of The Braff Group. Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $4.4 billion of private equity capital. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Now, six years later, Wellspring is taking the reins. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group Effective Jan. 17, 2022. I think this is a part of their comfort zone, and this is an adjacent business to Help at Home. Terms of the transaction were not disclosed. Wellspring also used to own Great Lakes Home Care Services, which merged with Jordan Health Services and National Home Health Care in 2018. Hospice News is the leading source for news and information covering the hospice industry. The Fed is nearing the end of its tightening cycle. New York-based Wellspring has invested in more than 35 platforms and completed upwards of 60 acquisitions worldwide in a range of industries since 1995, including health care. Massive opportunities to build a better world. Organizations around the world need to accelerate innovation as never before and we find ourselves uniquely equipped to help them. HOFFMASTER MEDIA CONTACTBree Gaber Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. The private equity industry publication indicated that multiples in the deal were in the 11x to 12x range of the companys $45 million EBITDA. Wellspring formed ProAmpac in August 2015 through the merger of Prolamina Corporation and, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has entered into a definitive agreement to sell its portfolio company National Seating & Mobility (NSM) to Court Square Capital Partners. Middle Market Private Equity. Above the Trend Line: your industry rumor central is a recurring feature of insideBIGDATA. Renehan joined SupplyOne, ASHEBORO, N.C., February 7, 2022 Cadence Group today announced that Neal Zuzik has been selected as Cadence Groups new chief operating officer. Since acquiring Cleaver-Brooks in June 2008, Wellspring and management worked closely to leverage the Companys, NEW YORKWellspring Capital Management LLC (Wellspring) announced that its portfolio company Checkers Drive-in Restaurants, Inc. (Checkers or the Company) has closed on an offering of $160 million in aggregate principal amount of 11.000% senior secured notes due 2017. Established in 1946, Resco is a leading provider of custom-designed premium-quality, LAKE FOREST, ILProlamina Corporation (Prolamina or the Company) announced today that it has signed a definitive acquisition agreement to acquire certain assets and a defined book of business from Packaging Dynamics Corporation (Packaging Dynamics) located in Kaukauna, Wisconsin. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised NEW YORK, Oct. 25, 2021 /PRNewswire/ --Wellspring Capital Management ("Wellspring"), a leading private equity firm headquartered in New York, announced today that it has partnered with management to complete the acquisition of Caring Brands International, Inc. ("CBI" or the "Company"). Financial terms of the agreement were not disclosed. These factors coupled with favorable demographics and rising demand ripened the opportunity for a sale. Bonds haven't been this attractive since 2008. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giants stock worth $254,000 after purchasing an additional 55 shares during the last quarter. The Company, established in 1947, is the platform company for the Hoffmaster Group, Inc. Foodservice Division. Wellspring Capital Management is a leading private equity firm headquartered in New York. Wellspring Capital Management is a leading private equity firm headquartered in New York. Such statements are based on managements current reasonable and good faith expectations. 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 . You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. When typing in this field, a list of search results will appear and be automatically updated as you type. We are thrilled to add Caring Brands to the Wellspring portfolio, Alexander Carles, co-president of Wellspring Capital, said in the press release. And here at Wellspring, were investing heavily to help drive those solutions forward for a better tomorrow. The Great Resignation. In addition to hospice and palliative care, the companys franchisees provided home health care, home pediatric care, health care staffing and senior care services. Terms of Mondays deal were not disclosed, but Caring Brands was expected to command 11 or 12 times its $45 million EBITDA, according to a report from PE Hub. Financial terms of the transaction were not disclosed. ABOUT WELLSPRING CAPITAL MANAGEMENT That merger ultimately formed the Addison, Texas-based Elara Caring. Caring Brands International (CBI) is the largest franchisor of home healthcare services globally with more than 550 locations around the world. Hospice News Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $2 billion of private equity capital. Over the past 20 years, Wellspring has invested in over 35 platform investments across various segments of the U.S. and global economies. 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. Posted By: Dreadnought, 3/2/2023 1:09:09 AM TALLAHASSEE, Fla. Florida Gov.
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