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. The disclosure for this sale can be found here. Hoffmaster Group, which is backed by Gamut Capital and Wellspring Capital, has . 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. Terms of the agreement were not disclosed. Prosek Partners Tzoumakas succeeds Rick Long, who successfully led the company for the past six years and developed the companys network, Wellspring Capital Management Group LLC (Wellspring), a leading middle market private equity firm, today announced several organizational changes, reflecting the evolution of the firms leadership and positioning the firm for continued success in implementing its investment strategy, which has consistently driven compelling returns for its investors over the past 25 years. Russell Ballew, CFP on LinkedIn: 535098f7-b3b2-4a03-b65a-49d0defe205a.pdf And much more. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. This lesser-known celebration was created to recognize employees for their hard work, dedication and contributions. 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. Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. Wellspring Capital Acquires Caring Brands International 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. Trevor Gibbons That merger ultimately formed the Addison, Texas-based Elara Caring. 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. 1 in the senior care category of Entrepreneur magazines annual Franchise 500. 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. 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. Now, six years later, Wellspring is taking the reins. North Shore business briefs | News | salemnews.com Wellspring Capital Management Acquires Caring Brands International When he's not writing about health care, he makes himself miserable by indulging in Chicago sports. 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. 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. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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.. Video - Scientists Find Corridor Inside Great Pyramid of Giza: 'Most Important Discovery of 21st Century'. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. Krane Funds Advisors LLC grew its holdings in shares of Amazon.com by 239.1% in the first quarter. Patersons Nevada location increases access to the West, strengthening our national footprint. The seller, PE outfit Levine Leichtman Capital Partners, purchased the company in 2015. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group. 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. Overall, the Caring Brands network includes 550 locations operated by more than 250 franchise owners worldwide. Wellspring acquires Cadence | PE Hub 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). 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.". Established in 1946, Resco is a leading provider of custom-designed premium-quality, LAKE FOREST, ILProlamina Corporation (Prolamina or the Company) announced today that it has signed a definitive acquisition agreement to acquire certain assets and a defined book of business from Packaging Dynamics Corporation (Packaging Dynamics) located in Kaukauna, Wisconsin. Hoffmaster will assume operations for Paterson as part of its family of production facilities. I am honored to take on the role of CEO and lead this terrific business and talented team,Craycraft said. 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. How do you own it? March 30, 2023 Washington, D.C. March 4, 2023 01:01. To find out more about Just Better Care visit justbettercare.com. Hospice News Read more from Mike Financial terms of the agreement were not disclosed. 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. Wellspring Capital Management Closes Fund VI at $1.415 Billion 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. 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. Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. The new credit facility will provide API with additional financial flexibility to invest in its business and enable the Company to pay, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has acquired National Seating & Mobility, Inc. (NSM), the nations premier provider of complex rehab technology (CRT) solutions for individuals with permanent or long-term mobility loss, from Ridgemont Equity Partners. Tzoumakas succeeds Rick Long, who successfully led the company for the past six years and developed the companys network of diagnostic imaging clinics, MINNEAPOLIS, Minn; March 8, 2021Center 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. North Shore business briefs. document.write(new Date().getFullYear()); Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. 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. Together, customers can expect the same exceptional service with an unparalleled offering of products and solutions. The Company's franchisees and operators are uniquely positioned in their respective markets to offer the full continuum of healthcare at home including skilled nursing, home health, assistance with daily living activities and end-of-life hospice care along with healthcare staffing. This is part of their comfort zone; it certainly is an adjacent business to Help at Home, Kulik told Hospice News. Given the specter of inflation and recession, much has been written lately about the funding environment. Wellspring Capital Management is a leading private equity firm headquartered in New York. Were pretty sure these two trends are connected. To learn more, please visit www.gamutcapital.com.
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