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 contemporary analogues of that period are once again coalescing, and for many of the same reasons: Global challenges in need of fresh solutions. Breitbart Africa, by Amy Furr Original Article. Wellspring Capital Management is a leading private equity firm headquartered in New York. When typing in this field, a list of search results will appear and be automatically updated as you type. To learn more, please visit www.gamutcapital.com. 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 . Financial terms of the transaction were not disclosed. Were pretty sure these two trends are connected. Bluebird Care started as a small family business in 2004 and through franchising the business model in 2006, the organisation is today one of the largest providers of homecare, live-in care and support services across the United Kingdom and Republic of Ireland. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through . Zscaler, Inc Plummets, Is It Time To Buy The Dip? Financial terms of the agreement were not disclosed. Home; About Us; Investment Approach. Supply chain issues. 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.. Nov 2022 - Present5 months. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. News March 1, 2023 Wellspring and Skidmore College Bring Pulitzer Prize-Winning Journalist Megan Twohey to Saratoga for Community Event. Nominate a future leader who is redefining the standard of hospice care. 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. Paterson Pacific Parchment Company - Wellspring Capital. Financing for this transaction was provided by Adams Street Partners, Blackrock, Madison Capital and AEA Investors. 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. From left: John Meakin, vice president, commercial financial consultant at Rockland Trust; Charles Gray, business banking officer at Rockland . . We believe we are uniquely positioned for continued outsized growth and through this partnership, we will be able to help even more patients and clients obtain the quality care they need in the preferred and most efficient and effective site of care: their home.". This represents an opportunity far beyond Wellsprings own growth interests. Mar 1, 2023. Some of the organizations that we support include: 2022 Wellspring Capital Management Group LLC |. Significant legal events involving law firms, companies, industries, and government agencies . Organizations around the world need to accelerate innovation as never before and we find ourselves uniquely equipped to help them. 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. Ukrayinska Pravda (Ukraine), by Staff Original Article. 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. The aggregate value of the transaction was approximately $570 million. Wellspring is obviously a very well established, major fund, and theyve got a great track record. Wellspring also used to own Great Lakes Home Care Services, which merged with Jordan Health Services and National Home Health Care in 2018. The fund owned 10,349 shares of the e-commerce . Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. 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). The disclosure for this sale can be found here. Lincoln International served as financial advisor, and Kirkland & Ellis LLP served as legal counsel to CBI with respect to the transaction. By teaming up with strong management, Wellspring seeks to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. Across our business, everywhere we look, weve found new growth opportunities. CBI is the twelfth investment from Wellspring Capital Partners Fund V, L.P., a $1.45 billion vehicle raised in January 2018. 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. Barclays upped their price target on shares of Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. 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. Bridgefront Capital LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $228,000. These factors coupled with favorable demographics and rising demand ripened the opportunity for a sale. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Hospice News is the leading source for news and information covering the hospice industry. Above the Trend Line: your industry rumor central is a recurring feature of insideBIGDATA. The Great Resignation. If you are interested in seeing our DEI Policy, please contact us at [email protected]. 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. Cadence Petroleum Group was formed in 2018 through the, Wellspring Capital Management Group LLC (Wellspring), a New York-based private equity firm, announced that on May 29, 2020, it closed the acquisition of Steele Solutions, Inc. (SSI or the Company), a value-add supplier into the industrial automation sector. Combined, Caring Brands and its three subsidiaries Interim Healthcare (U.S.), Bluebird Care (U.K, Ireland), and Just Better Care (Australia) operate from more than 550 locations globally owned by more than 350 franchisees, generating $1.3 billion in system-wide revenues each year, according to PE Hub. The fund owned 10,349 shares of the e-commerce giants stock after selling 288 shares during the period. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. 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. The private equity industry publication indicated that multiples in the deal were in the 11x to 12x range of the companys $45 million EBITDA. Politico, by Gary Fineout Original Article. [It] 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., Caring Brands International, Interim Healthcare, Wellspring Capital Management LLC. What is a Good Dividend Yield? 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. Insiders have sold 71,394 shares of company stock valued at $6,994,626 in the last 90 days. 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. Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. It operates through the following segments: North America, International, and Amazon Web Services (AWS). Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. "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. Terms of the agreement were not disclosed. February 28, 2023 by Daniel Gutierrez Leave a Comment. To date, the firm has raised in excess of $4 billion via six PE funds. Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellspring is no stranger to the home health care marketplace. As of March 1, 2023, the average one-year price target for Eve Holding is $11.98. In addition to acquiring all operating rights of Aardvark, Hoffmaster will also obtain ownership of the. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. M&A activity began to pick up again early on in 2021, with Maryland-based Seniors Helpers acquired by Advocate Aurora Healths investment arm in April. Ron DeSantis appears poised to suspend another prosecutor from office, this time zeroing in on how a central Florida state attorney dealt with the 19-year-old man accused of killing three people in Orlando . And much more. But that uncertainty also drives heightened potential for positive change. Amazon.com (NASDAQ:AMZN Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The timing of the Caring Brands transaction makes sense for a number of reasons, according to Mark Kulik managing director of The Braff Group. 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. 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. 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. 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. The firm's objective is to bring partnership, experience and value creation to each investment. The Just Better Care mission is to provide high quality personalised services "just for you" to those requiring assistance to live independently and thrive personally. HealthPRO Heritage provides therapy services under the HealthPRO Heritage, HealthPRO Heritage at Home, HealthPRO Pediatrics and Alternatives ABA brands. North Shore business briefs. 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. In the words of one of our investors, we are committed to do what we are already doing well just much more of it. ABOUT WELLSPRING CAPITAL MANAGEMENT To do our part, Wellspring is committed to employing a DE&I strategy through trainings, recruitment, career advancement opportunities, and philanthropic initiatives. 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. 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. For more information or to locate an Interim HealthCare office, visitwww.interimhealthcare.com. Its very hard for one person, one company or one organization to have all of the parts. The proposed site for a new homeless shelter is seen in Saratoga Springs on Friday, January 27, 2023. Receive industry updates and breaking news from HHCN. This next chapter will be one of accelerated growth with a continued and dedicated focus on servicing our customers.. EXPLORE WELLSPRING'S 2021 ESG REPORT READ THE WELLSPRING ESG POLICY Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group Effective Jan. 17, 2022. Financial terms of the transaction were not disclosed. All rights reserved. Analyst Price Forecast Suggests 119.51% Upside. For additional information, please visit www.wellspringcapital.com. Hospice News 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. AMZN has been the topic of a number of research analyst reports. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Legal Name Wellspring Capital Advisors, LLC Company Type For Profit Phone Number +1-312-346-6882 Lists Featuring This Company Greater Chicago Area Advice Companies 691 Number of Organizations $207.5M Total Funding Amount 37 Number of Investors Track Great Lakes Advice Companies Gamut Capital Management is a New York-based private investment firm managing in excess of $2 billion in assets focused on the middle market. Adding notes to customer records. The only major franchise brand in its category to offer the full continuum of care, the company strives to improve the delivery of home healthcare and staffing services through 330 plus locations servicing the U.S. and Saudi Arabia. Theyre also comfortable with international expansion, which is a whole different set of expertise., Bluebird Care, Caring Brands International, Help at Home, Interim Healthcare, Just Better Care, Levine Leichtman Capital Partners, The Braff Group, Wellspring Capital Management. Talk about your Friday news dump. Lucky Strike is a leading creator and operator of entertainment venues, Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of Paragon Films, Inc. (Paragon or the Company), a leading manufacturer of high performance stretch film. 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. Second, Wellsprings business has continued to grow, and grow, and grow. document.write(new Date().getFullYear()); La Chaux-de-Fonds (French pronunciation: [laodf]) is a Swiss city in the canton of Neuchtel.It is located in the Jura mountains at an altitude of 1000 m, a few kilometers south of the French border. Financial terms of the transaction were not disclosed. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. I think this is a part of their comfort zone, and this is an adjacent business to Help at Home. 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. 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. Aspen Education Group is an American company specializing in providing therapeutic interventions for adolescents and young adults, including wilderness therapy programs, residential treatment centers, therapeutic boarding schools, and weight loss programs. Read more from Mike Wellspring Capital Management is a leading private equity firm headquartered in New York. Each month will feature a leader from different faith or human. The procedure occurred on February 16th but was not revealed to the public at the time. 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. 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.". Financial terms of the transaction were not disclosed. from 8 AM - 9 PM ET. 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. 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. Range Financial Group LLC bought a new position in shares of Amazon.com in the first quarter worth about $258,000. While Labor Day is the more official holiday, it never hurts to have another day to . 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. This new injection of growth capital will help us scale quickly enough to continue servicing all these fast-growing needs. Youve got the Choose Home legislation, and that looks pretty solid right now. Founded in 2015, Gamuts senior deal professionals have executed investments in over 50 companies in North America and Europe. We are Wellspring Capital Management Group LLC. How do you own it? Terms of the transaction were not disclosed. 1 of 2. 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. This event explores the strategies for deals, investments and transactions in the home health, home care, hospice and palliative care space. The firm functions as a strategic partner, providing management teams with top-line support, M&A experience, financial expertise and access to resources. Jim Parker is a subculture of one. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Managing Director at Wellspring International Capital Partners, LLC 2d Report this post . Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Financial terms of the transaction were not disclosed. Besides the timing, Kulik also mentioned current inflation issues in the U.S. as a reason that Wellspring would want to do this deal now, as opposed to waiting with the risk of rates rising in the future. 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. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. 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. 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. 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. Caring Brands is headquartered in Sunrise, FL. Terms of the transaction were not disclosed. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN Get Rating). Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. Robert will assume the role on Jan. 17, 2022. Financing for the transaction came from Adams Street Partners, Blackrock, Madison Capital and AEA Investors. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Video - Scientists Find Corridor Inside Great Pyramid of Giza: 'Most Important Discovery of 21st Century'.