The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. Financial terms of the transaction were not disclosed. Wellspring Capital Management is a leading private equity firm headquartered in New York. Wellspring acquired OMNI in October 2010 in a take-private transaction valued at $122 million. Capital Industrials Lincoln International has advised Private shareholders and FSP CAPCELLENCE on the sale of majority stake in ARGO-HYTOS to Voith ABOUT GAMUT CAPITAL MANAGEMENT Read more from Mike A global pandemic. The New York-based Wellsprings portfolio currently includes 37 companies, two of which are directly involved in health care: RAYUS Radiology and the Chicago-based Help at Home. Patersons legacy of quality products will be highly complementary to the Hoffmaster Group portfolio. The firm's objective is to bring partnership, experience and value creation to each investment. Bonds haven't been this attractive since 2008. 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. Saratoga Senior Center, located directly behind Saratoga Central Catholic and its athletic field. 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 Management is a leading private equity firm headquartered in New York. 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. The aggregate value of the transaction was approximately $570 million. Terms of the agreement were not disclosed. The Fed is nearing the end of its tightening cycle. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. Founded in 2015, Gamuts senior deal professionals have executed investments in over 50 companies in North America and Europe. Wellspring Capital Management, founded in 1995, is a middle-market private equity firm that has approximately $2 billion of private equity capital under management. Krane Funds Advisors LLC grew its holdings in shares of by 239.1% in the first quarter. 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. According to data from MarketBeat, has a consensus rating of Moderate Buy and an average target price of $144.87. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through six private equity funds. Receive industry updates and breaking news from Hospice News, What Gentivas Expanded Hospice Presence Means for the M&A Mix, RAND Corp.: Families Report Better Care from Nonprofit Hospices, AAHPM Board President-Elect Holly Yang: Hospice Regulators Need to Consider Perspectives of Bedside Staff. The disclosure for this sale can be found here. Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $2 billion of private equity capital. Donald Trump calls for contest to charter 10 new cities on Federal Land. Our principal place of business is at 605 Third Avenue, 44th Floor, New York, NY ( "Wellspring Capital" or " we ", " us " or " our "). Abuja, Federal Capital Territory, Nigeria. 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. Mar 1, 2023. 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). Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group Effective Jan. 17, 2022. Financial terms, NEW YORKWellspring Capital Management LLC (Wellspring) today announced the closing of Wellspring Capital Partners V LP (Fund V) with capital commitments totaling $1.2 billion. NEW YORK , August 23, 2022 Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced the completion of its acquisition of WellSpring Consumer Healthcare ("WellSpring"), a developer and marketer of leading over-the-counter ("OTC") and personal care brands, from Audax Private Equity. The fund owned 10,349 shares of the e-commerce giants stock after selling 288 shares during the period. Science and innovation will be key to lighting the path to a brighter future. 1 in the senior care category of Entrepreneur magazines annual Franchise 500. This is part of their comfort zone; it certainly is an adjacent business to Help at Home, Kulik told Hospice News. LEARN MORE, SPONSORED BY: Oppenheimer & Co. Inc. Sells 31,220 Shares of, Inc. (NASDAQ:AMZN), Enstar Group Limited (NASDAQ:ESGR) Holdings Increased by Credit Suisse AG, Get a free copy of the research report on (AMZN). | 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. These include lower capital gains tax rates that could rise next year if proposed legislation goes through. This lesser-known celebration was created to recognize employees for their hard work, dedication and contributions. The firm's objective is to bring partnership, experience and value creation to each investment. To find out more about Just Better Care visit 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. Alexander Carles, Co-President of Wellspring Capital, added: "We are thrilled to add CBI to the Wellspring portfolio. The . Innovative talent drives the aging industry forward. ABOUT PATERSON Financial terms of the transaction were not disclosed. Gamut Capital Management is a New York-based private investment firm managing in excess of $2 billion in assets focused on the middle market. On average, analysts anticipate that, Inc. will post 1.34 EPS for the current year. 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. A nose for the truth, a fanatical grammar maniac, a meticulous copy editor.<br><br>Mai Huyen spent years editing at daily newspapers before moving to books to broaden her experience and talents.<br>Had five years of experience as a chief copy editor and contributor to Automotive News at VnExpress - a most read Vietnamese newspaper.<br>Carried 12 months of experience as an editor (fiction books . We encourage our portfolio companies to do the same within their own industries. 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 . As of the December 2020 timetable change, the following services stop at La Chaux-de-Fonds-Est: Overall, the Caring Brands network includes 550 locations operated by more than 250 franchise owners worldwide. If you are interested in seeing our DEI Policy, please contact us at Swifts management team invested alongside Wellspring in the transaction. Also, CEO Douglas J. Herrington sold 4,000 shares of stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Innovative talent drives the aging industry forward. 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. Organizations around the world need to accelerate innovation as never before and we find ourselves uniquely equipped to help them. When typing in this field, a list of search results will appear and be automatically updated as you type. 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.". 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. Youve got the Choose Home legislation, and that looks pretty solid right now. Their most recent acquisition was Caring Brands International on Oct 25, 2021. Breitbart Africa, by Amy Furr Original Article. Yet this period also yielded profound advancements. Theyre no strangers to the home health marketplace, Kulik said. 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. 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. CBI is the twelfth investment from Wellspring Capital Partners Fund V, L.P., a $1.45 billion vehicle raised in January 2018. Terms of the transaction were not disclosed. Wellspring Capital has raised over $4.5 billion of initial capital commitments through six private equity funds. 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. But that uncertainty also drives heightened potential for positive change. 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. 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 six private equity funds. Their portfolio also includes Chicago-based home care company Help at Home, which care for 67,000 patients through 169 locations in 13 states. 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. 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. Happy National Employee Appreciation Day! 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. March 4, 2023 01:01. Youve also got to believe a lot of tailwinds are lining up, Kulik said. Financing for the transaction came from Adams Street Partners, Blackrock, Madison Capital and AEA Investors. document.write(new Date().getFullYear()); Caring Brands International (CBI) is the largest franchisor of home healthcare services globally with more than 550 locations around the world. We are thrilled to add Caring Brands to the Wellspring portfolio, Alexander Carles, co-president of Wellspring Capital, said in the press release. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. The company in 2020 ranked No. 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. Middle Market Private Equity. Talk about your Friday news dump. Financial terms of the transaction were not disclosed. Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts consensus estimates of $0.15 by ($0.12). Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. Shell Asset Management Co. Sells 189 Shares of ALLETE, Inc. Tower Research Capital LLC TRC Has $254,000 Position in Daqo New Energy Corp. Financial terms of the agreement were not disclosed. Amazon.coms revenue for the quarter was up 8.6% compared to the same quarter last year. 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. For more information or to locate an Interim HealthCare office, Significant legal events involving law firms, companies, industries, and government agencies . By teaming up with strong management, Wellspring is able to unlock underlying value and 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. Featuring c-suite executives and industry leaders shaping the future of palliative care. 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. 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. Such statements are based on managements current reasonable and good faith expectations. 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. 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. A biopsy came back and confirmed the "skin lesion" was cancerous. 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. 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. Nov 2022 - Present5 months. McDermott Will & Emery LLP served as legal counsel and Houlihan Lokey served as financial advisor to Wellspring. HOFFMASTER MEDIA CONTACTBree Gaber [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. 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 private equity firm headquartered in New York. 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. Hoffmaster will assume operations for Paterson as part of its family of production facilities. North Shore business briefs. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. 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. The Company, established in 1947, is the platform company for the Hoffmaster Group, Inc. Foodservice Division. Leveraging my 30 years of, 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. And much more. Individuals of the firm have identified certain causes to support and brought the firm into the fold to leverage individual contributions both with financial support and time. 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 Before becoming a reporter, and then editor, for HHCN, Andrew received journalism degrees from the University of Iowa and Northwestern University.