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. Wellspring Capital Management LLC : Articles :: Law360 JP Morgan Initiates Coverage of Eve Holding (EVEX) with Overweight Swashbuckling feats of high adventure bring a joyful tear to his salty eye. 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. Youve got recent successes like the home health and home care industries really stepping up nationwide and proving themselves during COVID.. Established in 2005, Just Better Care is one of Australia's largest accredited franchised providers of in-home home care services in Australia, delivering in-home social and lifestyle support services that enable people to live independently. Jen-Coat is the first subsidiary of a new holding company formed by Wellspring and industry executive Harold Bevis. Hoffmaster Group, Inc. is currently owned by Wellspring Capital Management. Financial terms of the transaction were not disclosed. Because PE firms usually buy, bolster, then sell portfolio investments in four- to seven-year windows, transactions tend to come in waves. 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. This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. Squash Haven empowers New Haven public school students to strive for and maintain school success and physical, Wellspring Capital Management (Wellspring), a New Yorkbased private equity firm, today announced that it has closed the acquisition of HealthPRO Heritage, a leading provider of contract therapy services across the postacute continuum. Financial terms, CARENCRO, La.OMNI Energy Services Corp. (NASDAQ GM: OMNI), a leading provider of environmental services and seismic services to the domestic oil and gas industry, today announced that it has entered into a definitive agreement under which an affiliate of Wellspring Capital Management LLC (Wellspring) will acquire all of OMNIs outstanding shares for $2.75 per share, NEW YORKWellspring Capital Management LLC today announced the completion of its previously announced sale of Dave & Busters, Inc. to Oak Hill Capital Partners, in partnership with the companys management team. Wellspring acquired Susser in, NEW YORKWellspring Capital Management LLC (Wellspring) today announced that it has sold its portfolio company OMNI Energy Services Corp. to Gibson Energy Inc. (TSX: GEI) in a transaction valued at $445 million. This new injection of growth capital will help us scale quickly enough to continue servicing all these fast-growing needs. 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. Saratoga Springs Task Force on Homelessness meets for first time Innovative talent drives the aging industry forward. Amazon.coms revenue for the quarter was up 8.6% compared to the same quarter last year. Wellspring Financial Advisors LLC Trims Stake in Amazon.com, Inc Each month will feature a leader from different faith or human. Other hedge funds and other institutional investors have also made changes to their positions in the company. Innovative talent drives the aging industry forward. Pentec Health Inc. Acquired by Wellspring Capital Management - PRWeb Patersons legacy of quality products will be highly complementary to the Hoffmaster Group portfolio. 12.70% of the stock is currently owned by company insiders. 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. The past few years have been intensely disruptive. Cision Distribution 888-776-0942 Wellspring Capital Management - Investments, Portfolio & Company Exits The . Most of those transactions took place around 2015 and 2016, however, with just a handful happening since then. 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). Supply chain issues. 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. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. To do our part, Wellspring is committed to employing a DE&I strategy through trainings, recruitment, career advancement opportunities, and philanthropic initiatives. Wellspring acquires Cadence | PE Hub 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. Caring Brands was initially acquired by Levine Leichtman Capital Partners in the fall of 2015. 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. The timing of the Caring Brands transaction makes sense for a number of reasons, according to Mark Kulik managing director of The Braff Group. Its been just over seventy-five years since Vannevar Bush delivered his seminal report on Science: The Endless Frontier. 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. Wellspring, previously the majority owner of Help at Home, retained a minority stake after selling the business to Centerbridge Partners and The Vistria Group in November 2020. The fund owned 10,349 shares of the e-commerce giants stock after selling 288 shares during the period. This lesser-known celebration was created to recognize employees for their hard work, dedication and contributions. The firm functions as a strategic partner, providing management teams with top-line support, M&A experience, financial expertise and access to resources. While the last big wave came several years ago, it appears another one is underway in 2021. Why Wellspring Chose to Raise Capital in 2022 Headquartered in Hunt Valley, Maryland, HealthPRO Pediatrics is a national leading provider, Newtown Square, Pennsylvania, February 25, 2022 SupplyOne, Inc., the largest independent supplier of corrugated and other value-added packaging products, equipment, and services in the U.S., announced today that Bill Leith, the Companys founder, has become its Executive Chairman, and Todd Renehan has been appointed the Companys President and Chief Executive Officer. "We are honored that Wellspring chose to invest in our organization. Alexander Carles, Co-President of Wellspring Capital, added: "We are thrilled to add CBI to the Wellspring portfolio. 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. Wellspring Capital Acquires Rohrer Corporation | Markets Insider While Labor Day is the more official holiday, it never hurts to have another day to . 'Copy That:" Sara Evans plays her hits and some classic covers in NH Given the specter of inflation and recession, much has been written lately about the funding environment. 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. Wellspring Capital Management Portfolio Investments, Wellspring Capital document.write(new Date().getFullYear()); Financial terms of the transaction were not disclosed. document.write(new Date().getFullYear()); We encourage our portfolio companies to do the same within their own industries. As of the December 2020 timetable change, the following services stop at La Chaux-de-Fonds-Est: Wellspring Capital Management is a leading private equity firm headquartered in New York. Zscaler, Inc Plummets, Is It Time To Buy The Dip? I am honored to take on the role of CEO and lead this terrific business and talented team,Craycraft said. Receive industry updates and breaking news from HHCN. A global pandemic. Marketing Communications Manager For his latest line of textiles, Ho turned to his wellspring of inspiration once more, drawing from the perfectly balanced natural elements and harmonious color palettes of Kyoto. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. News March 1, 2023 Wellspring and Skidmore College Bring Pulitzer Prize-Winning Journalist Megan Twohey to Saratoga for Community Event. ABOUT GAMUT CAPITAL MANAGEMENT The recognition that companies, universities, and government agencies can work collaboratively and successfully for scientific advancement led to a golden age of innovation not just in the US, but around the world. Our principal place of business is at 605 Third Avenue, 44th Floor, New York, NY ( "Wellspring Capital" or " we ", " us " or " our "). 20230304 Joe Biden Didn't Win Daily Thread - The Q Tree NEW YORK, December 22, 2021 - Wellspring Capital Management Group LLC ("Wellspring"), a New York-based private equity firm, today announced that it has closed the sale of its portfolio company Paragon Films, Inc. ("Paragon" or the "Company"), a leading manufacturer of high performance stretch film, to affiliates of private equity firm Rhne. Founded in 1981 and headquartered in Minneapolis, Minnesota, CDI is one of the, Wellspring Capital Management LLC (Wellspring) today announced that its portfolio company Hoffmaster Group, Inc. has acquired Aardvark Straws, the sole U.S. producer of paper straws. Wellspring acquired OMNI in October 2010 in a take-private transaction valued at $122 million. HealthPRO Heritage provides therapy services under the HealthPRO Heritage, HealthPRO Heritage at Home, HealthPRO Pediatrics and Alternatives ABA brands. Courtesy of Arim. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. What is a Good Dividend Yield? Receive industry updates and breaking news from Hospice News, What Gentivas Expanded Hospice Presence Means for the M&A Mix, RAND Corp.: Families Report Better Care from Nonprofit Hospices, AAHPM Board President-Elect Holly Yang: Hospice Regulators Need to Consider Perspectives of Bedside Staff. COVID vaccines brought to market in record time. 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. Wellspring Capital Management has acquired 38 organizations. 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. Paterson Pacific Parchment Company - Wellspring Capital. Dave & Busters was acquired by Wellspring Capital in 2006. In addition to acquiring all operating rights of Aardvark, Hoffmaster will also obtain ownership of the. NEW YORK, Aug. 23, 2022 /PRNewswire/ -- Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced the completion of its acquisition of. Wellspring's objective is to bring partnership, experience and value creation to each investment. 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.". To support the acquisition, Hoffmaster has secured new financing commitments and strategic capital to refinance its capital structure. Want to see what other hedge funds are holding AMZN? The firm's objective is to bring partnership, experience and value creation to each investment. The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores. Nov 2022 - Present5 months. All Rights Reserved. "These 'Freedom Cities' will reopen the frontier, reignite American imagination and give hundreds of thousands of hard-working families, a new shot at home ownership, and, in fact, the American dream.". Help at Home which provides home care to 67,000 clients through its 169 locations in 13 states is reportedly attempting to go public by years end. Before becoming a reporter, and then editor, for HHCN, Andrew received journalism degrees from the University of Iowa and Northwestern University. With over 200 offices, the Bluebird Care franchise owner network provide over 20,000 visits to customers every day, revolutionising the way high quality and bespoke care is delivered not only to older people, but also to those with specialist care needs, children and their families. 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. Youve also got to believe a lot of tailwinds are lining up, Kulik said. Wellspring Capital Management Acquires Cadence Petroleum Group [email protected], GAMUT MEDIA CONTACT Financial terms were not disclosed. 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. Its also an opportunity for all our clients, and for everyone who works in science-driven innovation, to take a step forward with us. For his latest fabric collection, Jiun Ho returns to his first love: Japan March 30, 2023 Washington, D.C. 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. Mai Huyen Nguyen - School Librarian cum Educational - LinkedIn How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, MarketBeat.com's FREE daily email newsletter. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. The Company used the net proceeds of this offering to refinance the Companys existing debt and to, NEW YORKWellspring Capital Management LLC (Wellspring) today announced a distribution to its limited partners of the approximately 850,000 remaining shares of its investment in portfolio company Susser Holdings Corporation (NASDAQ: SUSS) (Susser). 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 deal, announced early Monday, is yet another example of PE players becoming more involved in the home-based care space, especially when it comes to home care franchise organizations. Adding notes to customer records. Youve got the Choose Home legislation, and that looks pretty solid right now. Breitbart Africa, by Amy Furr Original Article. Wellspring Capital Management is a middle-market private equity financing firm. SPONSORED BY: Fund V is Wellsprings largest fund to date, bringing the firms assets under management to more than $3 billion. Financial terms of the transaction were not disclosed. 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. Hoffmaster Group acquires Nevada paper company | Latest News Lincoln International's Global Industrials Group Reports Another Strong AMZN has been the topic of a number of research analyst reports. from 8 AM - 9 PM ET. 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. 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. 1 of 2. Well, I think were the first organization in the country that now can say we own the full health care continuum.. Bridgefront Capital LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $228,000. Happy National Employee Appreciation Day! Wellspring School Support System. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Barclays upped their price target on shares of Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Across our business, everywhere we look, weve found new growth opportunities. The Fed is nearing the end of its tightening cycle. 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. Financial terms were not disclosed. Lincoln International served as financial advisor, and Kirkland & Ellis LLP served as legal counsel to CBI with respect to the transaction. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Wellspring is committed to helping nonprofit organizations providing critical private support to our communities and at-risk populations. Over the past year and throughout 2021, delivery and access to high-quality home-based health care services has never been more essential, and it is rewarding to see such a positive market reaction.. 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. Innovative talent drives the aging industry forward. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. As of March 1, 2023, the average one-year price target for Eve Holding is $11.98. 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. The Great Resignation. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. Caring Brands International (CBI) is the largest franchisor of home healthcare services globally with more than 550 locations around the world. And much more. PE-backed Hoffmaster Group buys foodservice and paper products firm 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. Hoffmaster Group, Inc. Acquires Paterson Pacific Parchment Company Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. Terms of the agreement were not disclosed. 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. Wellspring CEO takes leave after explosive rape allegations against his son 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.. The combined company, which will be headquartered in Cincinnati, Ohio, will have a strategic geographical, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has acquired Qualitor, Inc. (Qualitor or the Company), a leading global supplier of branded aftermarket safety and wear products for the automotive aftermarket, from an affiliate of HCI Equity Partners. These factors coupled with favorable demographics and rising demand ripened the opportunity for a sale. The forecasts range from a low of $10.10 to a high of $14.18. Trevor Gibbons A nose for the truth, a fanatical grammar maniac, a meticulous copy editor.<br><br>Mai Huyen spent years editing at daily newspapers before moving to books to broaden her experience and talents.<br>Had five years of experience as a chief copy editor and contributor to Automotive News at VnExpress - a most read Vietnamese newspaper.<br>Carried 12 months of experience as an editor (fiction books . Wellspring Capital Management Appoints Robert Craycraft as CEO of The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. 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. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. The firm functions as a strategic rather than tactical partner, providing management teams with top-line support, M&A experience and financial expertise, and access to resources.