Hedge funds and other institutional investors own 57.64% of the companys stock. Barclays upped their price target on shares of Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. Founded in 1973 and a portfolio company of ShoreView Industries since 2009, Rohrer Corporation is a US-based packaging manufacturer headquartered, Wellspring Capital Management Group LLC (Wellspring), a leading middle market private equity firm, today announced it has committed to being the lead sponsor of Squash Havens marquee fundraising event, the Squash Haven Showdown, for the next three years. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Youve got the Choose Home legislation, and that looks pretty solid right now. 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. Image by Nattanan Kanchanaprat from Pixabay, 2023 Wellspring Worldwide. The procedure occurred on February 16th but was not revealed to the public at the time. Russell Ballew, CFP on LinkedIn: 535098f7-b3b2-4a03-b65a-49d0defe205a.pdf "I mean, I hate to say this because I never want to sound insincere, but this could honestly be my favorite record I've ever done," Evans says. Supply chain issues. That merger ultimately formed the Addison, Texas-based Elara Caring. COVID vaccines brought to market in record time. Breitbart Africa, by Amy Furr Original Article. Posted by MarketBeat News on Mar 4th, 2023. Financial terms of the transaction were not disclosed. I am excited, CHARLOTTE, N.C., January 5, 2022 Cadence Group today announced that Robert Craycraft has been selected as Cadence Groups new chief executive officer. Wellspring Capital Management Acquires Caring Brands International Caring Brands International (CBI) is the largest franchisor of home healthcare services globally with more than 550 locations around the world. How do you own it? The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Through it all, weve seen two enduring trends. All Rights Reserved. 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. About Us - Wellspring Capital Financial terms of the transaction were not disclosed. 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 . Since November 2006, Aspen Education Group, with corporate offices located in Cerritos, California has been a division of Bain Capital's . I think this is a part of their comfort zone, and this is an adjacent business to Help at Home. La Chaux-de-Fonds - Wikipedia Hoffmaster Group, Inc. is currently owned by Wellspring Capital Management. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. Courtesy of Arim. HOFFMASTER MEDIA CONTACTBree Gaber I am honored to join Cadence, a market leader with such a rich history in the lubricant distribution industry, Zuzik said. 20230304 Joe Biden Didn't Win Daily Thread - The Q Tree Effective January 1, 2021:, Help at Home, a leading U.S. provider of home care and community-based services in 13 states, today announced that it has been acquired by a consortium that includes Centerbridge Partners (Centerbridge)and The Vistria Group (Vistria). Human-like AI programs. At the time, OMNI operated primarily in the Gulf, NEW YORK, NYWellspring Capital Management LLC (Wellspring) today announced that its portfolio company, United Sporting Companies (USC), the holding company for Ellett Brothers, LLC (Ellett) and Jerrys Sport Center Inc. (JSC), has completed the refinancing of all of its existing debt. The acquisition of Help at Home from Wellspring Capital, which will remain a minority investor in the company, closed yesterday., Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has partnered with management to acquire Cadence Petroleum Group (Cadence), a leading distributor of lubricant and fuel products across the Southeast and Mid-Atlantic. 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. The aggregate value of the transaction was approximately $570 million. 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. Patersons Nevada location increases access to the West, strengthening our national footprint. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Hoffmaster Group, Inc. Acquires Paterson Pacific Parchment Company Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group. In addition to Interim, Caring Brands is the parent company of the United Kingdom-based home care services company Bluebird Care and the Australia-based Just Better Care. The . 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. 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. 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. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. SPONSORED BY: La Chaux-de-Fonds-Est railway station (French: Gare de La Chaux-de-Fonds-Est) is a railway station in the municipality of La Chaux-de-Fonds, in the Swiss canton of Neuchtel.It is located on the 1,000 mm (3 ft 3 + 3 8 in) La Chaux-de-Fonds-Glovelier line of the Chemins de fer du Jura.. Services. Caring Brands has about $1.3 billion in system-wide sales annually, according to the company, which was previously owned by Los Angeles-based PE firm Levine Leichtman Capital Partners. With a mantra of, "Home is where the heart is, let's keep it there", you can find out more information on the care and support at home options that are offered by Bluebird Care by visiting: https://www.bluebirdcare.co.uk/ and https://www.bluebirdcare.ie. Terms of the agreement were not disclosed. As of March 1, 2023, the average one-year price target for Eve Holding is $11.98. Want to see what other hedge funds are holding AMZN? To learn more about Hoffmaster, visit www.hoffmaster.com. News March 1, 2023 Wellspring and Skidmore College Bring Pulitzer Prize-Winning Journalist Megan Twohey to Saratoga for Community Event. 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. Aardvark, owned by Precision Products Group, Inc. (PPG), began manufacturing paper straws in 2007. Civilians flying into space. To support the acquisition, Hoffmaster has secured new financing commitments and strategic capital to refinance its capital structure. Wellspring Capital Management Recapitalizes HealthPRO Heritage 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. 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. Wellspring Capital Management is a leading middle-market private equity firm headquartered in New York. Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $2 billion of private equity capital. Hoffmaster will assume operations for Paterson as part of its family of production facilities. Gamut Capital Management, 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., to complete the acquisition and support Hoffmaster in driving . 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. During the same period in the previous year, the business earned $1.39 EPS. Financial terms of the transaction were not disclosed. Pentec Health Inc. Acquired by Wellspring Capital Management - PRWeb In addition, seller Levine Leichtman bought the company in 2015, so the asset is in the range in which PE firms usually sell about 4 to 7 years. 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. Crosmans management team, led by CEO Ken DArcy, will retain a significant ownership position in the Company and continue to lead its growth in partnership with Wellspring. Wellspring Capital Management is a leading private equity firm headquartered in New York. Wellspring Capital Advisors - Crunchbase Company Profile & Funding 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. CBI is the twelfth investment from Wellspring Capital Partners Fund V, L.P., a $1.45 billion vehicle raised in January 2018. Saratoga Springs Task Force on Homelessness meets for first time Gamut Capital Management is a New York-based private investment firm managing in excess of $2 billion in assets focused on the middle market. 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. The past few years have been intensely disruptive. Wellspring Capital Management Appoints Robert Craycraft as CEO of Wellspring is deeply committed to enhancing diversity, equity, and inclusivity with the goal of increasing diverse representation within the financial services industry. To do our part, Wellspring is committed to employing a DE&I strategy through trainings, recruitment, career advancement opportunities, and philanthropic initiatives. Given the specter of inflation and recession, much has been written lately about the funding environment. 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. But that uncertainty also drives heightened potential for positive change. Marketing Communications Manager In the words of one of our investors, we are committed to do what we are already doing well just much more of it. This is part of their comfort zone; it certainly is an adjacent business to Help at Home, Kulik told Hospice News. Wellspring Capital Management Closes Fund VI at $1.415 Billion Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. Hospice News is the leading source for news and information covering the hospice industry. Oluchi Harry - Customer Experience Specialist - Wellspring School Innovative talent drives the aging industry forward. It operates through the following segments: North America, International, and Amazon Web Services (AWS). Home Health Care News Privacy - Wellspring Capital 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. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. We encourage our portfolio companies to do the same within their own industries. Youve got recent successes like the home health and home care industries really stepping up nationwide and proving themselves during COVID.. All rights reserved. Read more from Mike The fund owned 10,349 shares of the e-commerce giants stock after selling 288 shares during the period. Because PE firms usually buy, bolster, then sell portfolio investments in four- to seven-year windows, transactions tend to come in waves. Pentec Health Inc. Acquired by Wellspring Capital Management Ukrayinska Pravda (Ukraine), by Staff Original Article. Hoffmaster Group, Inc. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $191,000. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts consensus estimates of $0.15 by ($0.12). 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. Financial terms were not disclosed. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Wellspring Capital Management - Crunchbase Managing Director at Wellspring International Capital Partners, LLC 2d Report this post . Their most recent acquisition was Caring Brands International on Oct 25, 2021. 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. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. Terms of the transaction were not disclosed. With 100 years of expertise and under the leadership of Joe Buckley, Paterson has built a strong reputation with its knowledgeable sales force and breadth of premium foodservice and baking industry products. 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. Financial terms of the transaction were not disclosed. About Wellspring Capital Management, ST. LOUIS & BOSTON & NEW YORK(BUSINESS WIRE)Vatterott Educational Centers, Inc. (Vatterott or the Company) today announced that TA Associates (TA) and management have entered into an agreement to acquire the Company from Wellspring Capital Management (Wellspring). Youve also got to believe a lot of tailwinds are lining up, Kulik said. Wellspring Capital Acquires SupplyOne | Markets Insider 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. While Labor Day is the more official holiday, it never hurts to have another day to . Insiders have sold 71,394 shares of company stock valued at $6,994,626 in the last 90 days. EXPLORE WELLSPRING'S 2021 ESG REPORT READ THE WELLSPRING ESG POLICY Significant legal events involving law firms, companies, industries, and government agencies . Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. 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. PE-backed Hoffmaster Group buys foodservice and paper products firm 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. Each month will feature a leader from different faith or human. 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 . 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. LEARN MORE. 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. Wellspring's objective is to bring partnership, experience and value creation to each investment. Wellspring also used to own Great Lakes Home Care Services, which merged with Jordan Health Services and National Home Health Care in 2018. 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. This event explores the strategies for deals, investments and transactions in the home health, home care, hospice and palliative care space. 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.. Financial terms of the transaction were not disclosed. Overall, the Caring Brands network includes 550 locations operated by more than 250 franchise owners worldwide. Well, I think were the first organization in the country that now can say we own the full health care continuum.. Wellspring is obviously a very well established, major fund, and theyve got a great track record. As the newest addition to the Wellspring family, we feel fortunate to partner with an organization that is rooted in the health care industry and recognizes the value home-based health care provides.. Robert will assume the role on Jan. 17, 2022. The distribution of these shares was the final step in Wellsprings exit of its successful investment in the Company. 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. SPONSORED BY: 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. The disclosure for this sale can be found here. *Maintaining record of all the organization's customers. 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. What is a Good Dividend Yield? We are Wellspring Capital Management Group LLC. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. To learn more, please visit www.gamutcapital.com. Lincoln International served as financial advisor, and Kirkland & Ellis LLP served as legal counsel to CBI with respect to the transaction. Donald Trump calls for contest to charter 10 new cities on Federal Land. Abuja, Federal Capital Territory, Nigeria. 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. 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, said Jennifer Sheets, president and CEO of Caring Brands International and Interim HealthCare Inc. 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.. If you are interested in seeing our DEI Policy, please contact us at info@wellspringcapital.com. Financial terms of the transaction were not disclosed. In addition to hospice and palliative care, the companys franchisees provided home health care, home pediatric care, health care staffing and senior care services. 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. We are thrilled to add Caring Brands to the Wellspring portfolio, Alexander Carles, co-president of Wellspring Capital, said in the press release. (646)818-9238 NEW YORK, March 15, 2021 /PRNewswire/ -- Wellspring Capital Management ("Wellspring"), a New Yorkbased private equity firm, today announced that it has closed the acquisition of HealthPRO. Organizations around the world need to accelerate innovation as never before and we find ourselves uniquely equipped to help them. . Their most recent investment was on Jan 1, 2020, when Steele Solutions raised Russell Ballew, CFP on LinkedIn: Weekly market guide First, the world is counting on innovation more now than at any point in the past half-century (at least).
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