wellspring capital news

In addition to acquiring all operating rights of Aardvark, Hoffmaster will also obtain ownership of the. I think they like the prospects for the continued growth [in this space].. 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. 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 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. From left: John Meakin, vice president, commercial financial consultant at Rockland Trust; Charles Gray, business banking officer at Rockland . Wellspring School Support System. Caring Brands International (CBI) is the largest franchisor of home healthcare services globally with more than 550 locations around the world. Financial terms of the agreement were not disclosed. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. NEW YORK, Oct. 25, 2021 /PRNewswire/ --Wellspring Capital Management ("Wellspring"), a leading private equity firm headquartered in New York, announced today that it has partnered with management to complete the acquisition of Caring Brands International, Inc. ("CBI" or the "Company"). McDermott Will & Emery LLP served as legal counsel and Houlihan Lokey served as financial advisor to Wellspring. Together, customers can expect the same exceptional service with an unparalleled offering of products and solutions. Investment Philosophy; Target Investments; Portfolio Cision Distribution 888-776-0942 For additional information, please visit www.wellspringcapital.com. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised Industry Bulletin | March 3, 2023 Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Midwest Footprint We believe that diversity in experience, culture and perspectives enriches and strengthens our organization. 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. Politico, by Gary Fineout Original Article. Donald Trump calls for contest to charter 10 new cities on Federal Land. Hoffmaster will assume operations for Paterson as part of its family of production facilities. Breitbart Africa, by Amy Furr Original Article. 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. Its very hard for one person, one company or one organization to have all of the parts. When typing in this field, a list of search results will appear and be automatically updated as you type. Ukrayinska Pravda (Ukraine), by Staff Original Article. As of March 1, 2023, the average one-year price target for Eve Holding is $11.98. Hoffmaster Group, Inc. is currently owned by Wellspring Capital Management. Financial terms were not disclosed. Bill Dawson is taking time off from his $2.2 billion private equity firm Wellspring Capital Management, which will investigate the claims of Dawson's threats, according to an internal memo seen. 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. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. Since November 2006, Aspen Education Group, with corporate offices located in Cerritos, California has been a division of Bain Capital's . HHCN is part of the Aging Media Network. 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. 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. Oppenheimer upped their price target on shares of Amazon.com from $130.00 to $135.00 and gave the stock an outperform rating in a report on Friday, February 3rd. April 20, 2023 Washington, D.C. Terms of the transaction were not disclosed. Jen-Coat is the first subsidiary of a new holding company formed by Wellspring and industry executive Harold Bevis. document.write(new Date().getFullYear()); 1 in the senior care category of Entrepreneur magazines annual Franchise 500. When he's not writing about health care, he makes himself miserable by indulging in Chicago sports. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. The seller, PE outfit Levine Leichtman Capital Partners, purchased the company in 2015. 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. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. Why Wellspring Chose to Raise Capital in 2022 by Robert Lowe July 14, 2022 Today, Wellspring announced a significant capital raise. Their portfolio also includes Chicago-based home care company Help at Home, which care for 67,000 patients through 169 locations in 13 states. 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. 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). Each month will feature a leader from different faith or human. How do you own it? 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. Second, Wellsprings business has continued to grow, and grow, and grow. CALGARY Alberta Premier Danielle Smith, weighing in on a limp hand clasp with the prime minister that went viral, says she never expected she would have to shake hands with him at a media . "We are honored that Wellspring chose to invest in our organization. CEI specializes in wide web extrusion coating and laminating of film, foil, paper, board and nonwovens and will, NEW YORKWellspring Capital Management LLC, a New York-based private equity firm, announced today the creation of a leading flexible packaging company through the merger of portfolio companies Prolamina Corporation and newly acquired Ampac Holdings, LLC. Theyre no strangers to the home health marketplace, Kulik said. 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. Wellspring Capital Management is a leading private equity firm headquartered in New York. Insiders have sold 71,394 shares of company stock valued at $6,994,626 in the last 90 days. Founded in 1971 in Montgomery,, NEW YORK, NYWellspring Capital Management LLC (Wellspring) and Hancock Park Associates (HPA) today announced that Wellspring has acquired Resco Products, Inc. (Resco or the Company), a leading North American producer of value-added refractory solutions, from HPA. 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. Trevor Gibbons All rights reserved. The company in 2020 ranked No. SPONSORED BY: 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 $4.0 billion of initial capital commitments. Such statements are based on managements current reasonable and good faith expectations. 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. "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. Nov 2022 - Present5 months. Hedge funds and other institutional investors own 57.64% of the companys stock. According to data from MarketBeat, Amazon.com has a consensus rating of Moderate Buy and an average target price of $144.87. Wellspring Capital Management is a leading private equity firm headquartered in New York. Wellspring also used to own Great Lakes Home Care Services, which merged with Jordan Health Services and National Home Health Care in 2018. 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: . 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. 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. Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. 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. SPONSORED BY: Headquartered in Nashville, Tennessee, NSM, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has sold its portfolio company Cleaver-Brooks, Inc. (Cleaver-Brooks or the Company), a leading provider of boiler room solutions, to Harbour Group. "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.". Saratoga Senior Center, located directly behind Saratoga Central Catholic and its athletic field. 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. 12.70% of the stock is currently owned by company insiders. Want to see what other hedge funds are holding AMZN? Bridgefront Capital LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $228,000. 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. Wellspring Capital Management is a middle-market private equity financing firm. Shell Asset Management Co. Sells 189 Shares of ALLETE, Inc. Tower Research Capital LLC TRC Has $254,000 Position in Daqo New Energy Corp. Krane Funds Advisors LLC grew its holdings in shares of Amazon.com by 239.1% in the first quarter. This represents an opportunity far beyond Wellsprings own growth interests. Wellspring Capital Management is a leading private equity firm headquartered in New York. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. The firm's objective is to bring. Supply chain issues. The private equity industry publication indicated that multiples in the deal were in the 11x to 12x range of the companys $45 million EBITDA. 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. Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. Were pretty sure these two trends are connected. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. 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. Their most recent acquisition was Caring Brands International on Oct 25, 2021. 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. Overall, the Caring Brands network includes 550 locations operated by more than 250 franchise owners worldwide. Financial terms of the transaction were not disclosed. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through . In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. Some of the organizations that we support include: 2022 Wellspring Capital Management Group LLC |. Abuja, Federal Capital Territory, Nigeria. March 4, 2023 01:01. To support the acquisition, Hoffmaster has secured new financing commitments and strategic capital to refinance its capital structure. Over the past 20 years, Wellspring has invested in over 35 platform investments across various segments of the U.S. and global economies. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. document.write(new Date().getFullYear()); Before becoming a reporter, and then editor, for HHCN, Andrew received journalism degrees from the University of Iowa and Northwestern University. 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 procedure occurred on February 16th but was not revealed to the public at the time. Jim Parker is a subculture of one. OSHKOSH, Wis. (February 27, 2023) Hoffmaster Group, Inc., a leading U.S. manufacturer of premium disposable tableware, announces today the acquisition of Paterson Pacific Parchment Company (Paterson or Paterson Paper), a premier producer of foodservice paper and parchment products. Equity futures indicate a higher open to begin the month following reports of China's strongest manufacturing PMI reading since 2012. Capital Industrials Lincoln International has advised Private shareholders and FSP CAPCELLENCE on the sale of majority stake in ARGO-HYTOS to Voith 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.. Hoffmaster will assume operations for Paterson as part of its family of production facilities. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group. Financial terms were not disclosed. . 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. Massive opportunities to build a better world. 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.

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