wellspring capital news
Insiders have sold 71,394 shares of company stock valued at $6,994,626 in the last 90 days. We are thrilled to add Caring Brands to the Wellspring portfolio, Alexander Carles, co-president of Wellspring Capital, said in the press release. The disclosure for this sale can be found here. Wellspring Capital-Backed RAYUS Radiology Acquires One Of The - Insider There have been four major home care franchisers acquired in 2021, with PE buyers driving three of those transactions. 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. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, MarketBeat.com's FREE daily email newsletter. Wellspring Financial Advisors LLC Trims Stake in Amazon.com, Inc To date, the firm has raised in excess of $4 billion via six PE funds. CBI is the twelfth investment from Wellspring Capital Partners Fund V, L.P., a $1.45 billion vehicle raised in January 2018. 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. Aspen Education Group - Wikipedia Analyst Price Forecast Suggests 119.51% Upside. Wellspring Capital Management Appoints Robert Craycraft as CEO of This is part of their comfort zone; it certainly is an adjacent business to Help at Home, Kulik told Hospice News. 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. 12.70% of the stock is currently owned by company insiders. 20230304 Joe Biden Didn't Win Daily Thread - The Q Tree (646)818-9238 Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through six private equity funds. Wellspring, the domestic violence and sexual assault resource for Saratoga County, is partnering with Skidmore College to bring New York Times reporter and best-selling author Megan Twohey, to Skidmore's Arthur Zankel Music Center on Monday, April 10 at 6: . Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. Fulida, together with Zhejiang Fulida Ltd, which had established a minority equity position along with a strategic supply agreement with Neucel in 2010, is now assuming full ownership of the company. I am honored to take on the role of CEO and lead this terrific business and talented team,Craycraft said. Oluchi Harry - Customer Experience Specialist - Wellspring School Since November 2006, Aspen Education Group, with corporate offices located in Cerritos, California has been a division of Bain Capital's . Just Better Care currently has over 40 independently owned and operated franchise territories covering NSW, Queensland, Victoria, the ACT, Western Australia and the successful franchisor is currently expanding its footprint of local offices into Tasmania. 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. Jim Parker is a subculture of one. 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. The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through . Hoffmaster Group, which is backed by Gamut Capital and Wellspring Capital, has . HOFFMASTER MEDIA CONTACTBree Gaber Wellspring Capital Management, founded in 1995, is a middle-market private equity firm that has approximately $2 billion of private equity capital under management. McDermott Will & Emery LLP served as legal counsel and Houlihan Lokey served as financial advisor to Wellspring. Wellspring Capital Management Acquires Paragon Films Their most recent acquisition was Caring Brands International on Oct 25, 2021. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. Tracing its heritage back to 1966, CBI is the leading franchisor of home healthcare services under three global brands: Interim HealthCare (in the United States), Bluebird Care (in the United Kingdom and the Republic of Ireland) and Just Better Care (in Australia). Lucianne.com News Forum - Sen. John Kennedy Delivers Glorious Remarks 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. Organizations around the world need to accelerate innovation as never before and we find ourselves uniquely equipped to help them. Russell Ballew, CFP on LinkedIn: Weekly market guide Wellspring Capital Management Portfolio Investments, Wellspring Capital 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. 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 Closes Fund VI at $1.415 Billion 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. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. 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. Mai Huyen Nguyen - School Librarian cum Educational - LinkedIn Over the past 20 years, Wellspring has invested in over 35 platform investments across various segments of the U.S. and global economies. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. Human-like AI programs. While Labor Day is the more official holiday, it never hurts to have another day to . This represents an opportunity far beyond Wellsprings own growth interests. Financial terms of the transaction were not disclosed. The refinancing was effected through the purchase and retirement of $103.0 million of debt., NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that an affiliate has acquired API Heat Transfer Inc. (API Heat Transfer), one of the largest full-service producers of industrial heat exchangers and heat transfer systems, from Industrial Growth Partners. SPONSORED BY: 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. 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. Financing for the transaction came from Adams Street Partners, Blackrock, Madison Capital and AEA Investors. Trevor Gibbons These factors coupled with favorable demographics and rising demand ripened the opportunity for a sale. Cision Distribution 888-776-0942 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. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. Video - Scientists Find Corridor Inside Great Pyramid of Giza: 'Most Important Discovery of 21st Century'. From left: John Meakin, vice president, commercial financial consultant at Rockland Trust; Charles Gray, business banking officer at Rockland . 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. Wellspring Capital Acquires Rohrer Corporation | Markets Insider Hoffmaster Group, Inc. is currently owned by Wellspring Capital Management. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. Yet this period also yielded profound advancements. What is a Good Dividend Yield? The evolution of RAYUS Radiology is the result of a multi-faceted, Wellspring Capital Management (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of Rohrer Corporation, a leading retail-packaging designer and manufacturer. Patersons Nevada location increases access to the West, strengthening our national footprint. 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). 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. 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. For more information, visit www.patersonpaper.com. Learn More. The fund owned 10,349 shares of the e-commerce . We have a strong and growing client footprint throughout the global Knowledge Supply Chain, from government agencies to research institutions to corporations to startups. Wellspring Capital Completes Sale of Dave & Buster's Courtesy of Arim. Wellspring Financial Advisors LLCs holdings in Amazon.com were worth $1,170,000 at the end of the most recent quarter. Prosek Partners 'Copy That:" Sara Evans plays her hits and some classic covers in NH 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. 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.". 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. Paterson Pacific Parchment Company - Wellspring Capital. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $191,000. 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 Capital Acquires SupplyOne | Markets Insider In the words of one of our investors, we are committed to do what we are already doing well just much more of it. "Above the Trend Line" - Your Industry Rumor Central for 2/28/2023 . 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. Patersons legacy of quality products will be highly complementary to the Hoffmaster Group portfolio. Wellspring Capital-Backed RAYUS Radiology Acquires Diagnostic Centers Hoffmaster Group, Inc. Acquires Paterson Pacific Parchment Company SPONSORED BY: We are Wellspring Capital Management Group LLC. To support the acquisition, Hoffmaster has secured new financing commitments and strategic capital to refinance its capital structure. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. 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. Donald Trump calls for contest to charter 10 new cities on Federal Land. CBI offers franchises under three brands: Interim HealthCare (United States and Saudi Arabia), Bluebird Care (United Kingdom and Republic of Ireland) and Just Better Care (Australia). Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Wellspring Capital Management is a leading private equity firm headquartered in New York. Shell Asset Management Co. Sells 189 Shares of ALLETE, Inc. Tower Research Capital LLC TRC Has $254,000 Position in Daqo New Energy Corp. 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. February 28, 2023 by Daniel Gutierrez Leave a Comment. The companys franchise business model is unique in health care. How do you control the overall continuum? The capital of Japan for more than a thousand years, until the mid-19th century . The past few years have been intensely disruptive. 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. During the same period in the previous year, the business earned $1.39 EPS. Over the past six years, there have been around a dozen large-scale home-based care franchises acquired, with private equity typically leading the charge. Specializing in print and converting paper products and located in Sparks, Nevada, Paterson is majority-owned by members of the Buckley family and a committed group of outside shareholders. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. 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. War in Ukraine. Wellspring Capital Management has acquired 38 organizations. 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 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. Today, Wellspring announced a significant capital raise. Private equity firm Wellspring Capital Management has acquired Caring Brands International, parent company of home health and hospice franchise company Interim Healthcare, for an undisclosed amount. The fund owned 10,349 shares of the e-commerce giants stock after selling 288 shares during the period. from 8 AM - 9 PM ET. Privacy - Wellspring Capital Talk about your Friday news dump. In addition to acquiring all operating rights of Aardvark, Hoffmaster will also obtain ownership of the. 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. In January 2012, the same Wellspring affiliate, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has acquired ThermaSys Corporation (ThermaSys or the Company), a leading manufacturer of a wide range of heat exchangers and heat exchange equipment, from an affiliate of Sun Capital Partners, Inc. Financial terms of the transaction were not disclosed. Managing Director at Wellspring International Capital Partners, LLC 2d Report this post . Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Wellspring International Capital Partners, LLC is not a registered broker/dealer and is independent of . I am honored to join Cadence, a market leader with such a rich history in the lubricant distribution industry, Zuzik said. All rights reserved. bree.gaber@hoffmaster.com, GAMUT MEDIA CONTACT Through it all, weve seen two enduring trends. Our principal place of business is at 605 Third Avenue, 44th Floor, New York, NY ( "Wellspring Capital" or " we ", " us " or " our "). Youve got the Choose Home legislation, and that looks pretty solid right now. Posted by MarketBeat News on Mar 4th, 2023. But for Wellspring, the timing of a fundraise in 2022 was perfect. Happy National Employee Appreciation Day! Home; About Us; Investment Approach. 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. | Privacy Policy, Why Wellspring Chose to Raise Capital in 2022, The ability to access and leverage data-driven insights, The ability to partner across the technology ecosystem, The ability to deliver real-worldinnovations that benefit society, Double-down on supporting the success of our customers through. Wellspring Capital Management Acquires Interim - Home Health Care News 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. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments. Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. Terms of the transaction 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. 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. Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellspring Capital Management Acquires Paragon Films Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Widening its reach to now include Kentucky, Virginia, Georgia, Texas, and California, HealthPRO is excited to offer services to kiddos across 38 states. Swashbuckling feats of high adventure bring a joyful tear to his salty eye. 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. These include lower capital gains tax rates that could rise next year if proposed legislation goes through. 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. Wellspring CEO takes leave after explosive rape allegations against his son *Updating customer records after each interaction. Alberta premier says landing missed on limp handshake with prime minister . The acquisition will encompass Packaging Dynamics extrusion laminating, 10-color, EAST BLOOMFIELD, NYWellspring Capital Management LLC and Pamlico Capital today announced that Wellspring has acquired Crosman Corporation from Pamlico. Financial terms of the agreement were not disclosed. Financial terms of the transaction were not disclosed. ABOUT HOFFMASTERHoffmaster is a one-stop source offering a complete line of premium disposable paper tableware items for restaurants, hospitals, and a wide variety of other service industries. Caring Brands is headquartered in Sunrise, FL. Financial terms of the agreement were not disclosed. Managing Director at Wellspring International Capital Partners, LLC 1d Market participants will receive a slate of earnings news this week with many of the notable names coming out of the. Terms of the transaction were not disclosed. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. While the last big wave came several years ago, it appears another one is underway in 2021. Aardvark, owned by Precision Products Group, Inc. (PPG), began manufacturing paper straws in 2007. 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.