Together, the CBI brands represent 550 locations operated by more than 250 franchise owners and operators that produce over $1.3 billion of system wide sales annually. The distribution of these shares was the final step in Wellsprings exit of its successful investment in the Company. And much more. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. Together, customers can expect the same exceptional service with an unparalleled offering of products and solutions. These include lower capital gains tax rates that could rise next year if proposed legislation goes through. 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. 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. Headquarters Location Lever House 390 Park Avenue New York, New York, 10022, United States 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.". Capital Industrials Lincoln International has advised Private shareholders and FSP CAPCELLENCE on the sale of majority stake in ARGO-HYTOS to Voith What is a Good Dividend Yield? Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. The proposed site for a new homeless shelter is seen in Saratoga Springs on Friday, January 27, 2023. When typing in this field, a list of search results will appear and be automatically updated as you type. 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 through six private equity funds. 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. Second, Wellsprings business has continued to grow, and grow, and grow. It operates through the following segments: North America, International, and Amazon Web Services (AWS). 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. "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. Russia loses major tank battle for Vuhledar due to ambushes NYT. 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. 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. Telsey Advisory Group cut their price target on shares of Amazon.com from $140.00 to $125.00 and set an outperform rating on the stock in a report on Tuesday, January 24th. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts consensus estimates of $0.15 by ($0.12). Politico, by Gary Fineout Original Article. To find out more about Just Better Care visit justbettercare.com. 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. Swifts management team invested alongside Wellspring in the transaction. Hoffmaster Group, Inc. 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. Bonds haven't been this attractive since 2008. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group Effective Jan. 17, 2022. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments. Aardvark, owned by Precision Products Group, Inc. (PPG), began manufacturing paper straws in 2007. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised I think they like the prospects for the continued growth [in this space].. Since November 2006, Aspen Education Group, with corporate offices located in Cerritos, California has been a division of Bain Capital's . The addition of Jay Packaging Group to Rohrer strengthens the combined capabilities of both companies in the areas of high-end printing and, WADSWORTH, OHIO, Dec. 9, 2021 Rohrer Corporation, a leading retail-packaging designer and manufacturer, today announced the addition of three key executives to its leadership team. Home Health Care News (HHCN) is the leading source for news and information covering the home health industry. Wellspring acquired OMNI in October 2010 in a take-private transaction valued at $122 million. Wellspring acquired Susser in, NEW YORKWellspring Capital Management LLC (Wellspring) today announced that it has sold its portfolio company OMNI Energy Services Corp. to Gibson Energy Inc. (TSX: GEI) in a transaction valued at $445 million. With over 200 offices, the Bluebird Care franchise owner network provide over 20,000 visits to customers every day, revolutionising the way high quality and bespoke care is delivered not only to older people, but also to those with specialist care needs, children and their families. Featuring c-suite executives and industry leaders shaping the future of palliative care. The firm's objective is to bring partnership, experience and value creation to each investment. Theyre no strangers to the home health marketplace, Kulik said. Financial terms of, WADSWORTH, OHIO, Dec. 16, 2021 Rohrer Corporation, a leading retail-packaging designer and manufacturer, today announced that it has closed the acquisition of Jay Packaging Group, a premier specialty printing and thermoforming company. Barclays upped their price target on shares of Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. 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. Financial terms were not disclosed. My Personal CFO LLC bought a new position in shares of Amazon.com in the first quarter worth about $261,000. 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 . HealthPRO Heritage provides therapy services under the HealthPRO Heritage, HealthPRO Heritage at Home, HealthPRO Pediatrics and Alternatives ABA brands. This new injection of growth capital will help us scale quickly enough to continue servicing all these fast-growing needs. 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. Receive industry updates and breaking news from HHCN. Jim Parker is a subculture of one. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. from 8 AM - 9 PM ET. Shell Asset Management Co. Reduces Stock Position in Outset Medical, Inc. ACADIA Pharmaceuticals Inc. Shares Sold by Credit Suisse AG, UBS Group AG Has $3.41 Million Position in Builders FirstSource, Inc. (NYSE:BLDR), Caseys General Stores, Inc. (NASDAQ:CASY) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund, Shell Asset Management Co. Sells 189 Shares of ALLETE, Inc. (NYSE:ALE), Tower Research Capital LLC TRC Has $254,000 Position in Daqo New Energy Corp. (NYSE:DQ), Shell Asset Management Co. Reduces Stock Position in Outset Medical, Inc. (NASDAQ:OM), ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) Shares Sold by Credit Suisse AG, MetLife Investment Management LLC Acquires 11,660 Shares of Chicos FAS, Inc. (NYSE:CHS), Envestnet Asset Management Inc. Has $4.66 Million Stake in Kontoor Brands, Inc. (NYSE:KTB), Canada Pension Plan Investment Board Sells 900 Shares of NovoCure Limited (NASDAQ:NVCR), MetLife Investment Management LLC Has $313,000 Holdings in Sovos Brands, Inc. (NASDAQ:SOVO), Healthcare of Ontario Pension Plan Trust Fund Increases Stock Holdings in MSA Safety Incorporated (NYSE:MSA), Healthcare of Ontario Pension Plan Trust Fund Sells 150,965 Shares of Dropbox, Inc. (NASDAQ:DBX), Healthcare of Ontario Pension Plan Trust Fund Buys New Position in Ovintiv Inc. (NYSE:OVV), Healthcare of Ontario Pension Plan Trust Fund Takes Position in FMC Co. (NYSE:FMC), Healthcare of Ontario Pension Plan Trust Fund Sells 9,555 Shares of Sotera Health (NYSE:SHC), GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund, Extra Space Storage Inc. (NYSE:EXR) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund, Hsbc Holdings PLC Invests $820,000 in Fox Factory Holding Corp. (NASDAQ:FOXF), Blueprint Medicines Co. (NASDAQ:BPMC) Shares Sold by Dimensional Fund Advisors LP, Tower Research Capital LLC TRC Lowers Stock Position in Bank OZK (NASDAQ:OZK). The firm's objective is to bring. A mind-controlled car. Industry Bulletin | March 3, 2023 Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Midwest Footprint 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. Franchise owners in the network range from large private equity investors to mom-and-pop startups, some of which have been in the owners families for two or three generations. When he's not writing about health care, he makes himself miserable by indulging in Chicago sports. 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. February 28, 2023 by Daniel Gutierrez Leave a Comment. 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. Massive opportunities to build a better world. All rights reserved. First, the world is counting on innovation more now than at any point in the past half-century (at least). Trevor Gibbons Nominate a future leader who is redefining the standard of hospice care. 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. But that uncertainty also drives heightened potential for positive change. To do our part, Wellspring is committed to employing a DE&I strategy through trainings, recruitment, career advancement opportunities, and philanthropic initiatives. Hoffmaster Group, Inc. is currently owned by Wellspring Capital Management. 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. Wellsprings portfolio revenue in 2020 was approximately $4.5 billion, according to the firm. For more information or to locate an Interim HealthCare office, visitwww.interimhealthcare.com. 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. 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. We are thrilled to add Caring Brands to the Wellspring portfolio, Alexander Carles, co-president of Wellspring Capital, said in the press release. Its been just over seventy-five years since Vannevar Bush delivered his seminal report on Science: The Endless Frontier. Breitbart Africa, by Amy Furr Original Article. Significant legal events involving law firms, companies, industries, and government agencies . 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"). Innovative talent drives the aging industry forward. 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). Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. 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. Financial terms of the transaction were not disclosed. 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. But for Wellspring, the timing of a fundraise in 2022 was perfect. 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. To date, the firm has raised in excess of $4 billion via six PE funds. In the words of one of our investors, we are committed to do what we are already doing well just much more of it. EXPLORE WELLSPRING'S 2021 ESG REPORT READ THE WELLSPRING ESG POLICY We encourage our portfolio companies to do the same within their own industries. Patersons legacy of quality products will be highly complementary to the Hoffmaster Group portfolio. 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. Founded in 1966 and First in Home Care, Interim HealthCare Inc. is unique in combining the commitment of local ownership with the support of a national organization that develops innovative programs and quality standards. Jen-Coat is the first subsidiary of a new holding company formed by Wellspring and industry executive Harold Bevis. Yet this period also yielded profound advancements. 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. HHCN is part of the Aging Media Network. Wellspring also used to own Great Lakes Home Care Services, which merged with Jordan Health Services and National Home Health Care in 2018. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. Following the recent acquisitions of Coburn Carton Solutions and Transparent Container, Rohrer is expanding its leadership team to meet the demand for additional folding carton and thermoforming capabilities, expanded, NEW YORK, NY October 25, 2021 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). 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. 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. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. Equity futures indicate a higher open to begin the month following reports of China's strongest manufacturing PMI reading since 2012. 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. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. The seller, PE outfit Levine Leichtman Capital Partners, purchased the company in 2015. 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. The contemporary analogues of that period are once again coalescing, and for many of the same reasons: Global challenges in need of fresh solutions. News March 1, 2023 Wellspring and Skidmore College Bring Pulitzer Prize-Winning Journalist Megan Twohey to Saratoga for Community Event. 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. Cision Distribution 888-776-0942 Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $2 billion of private equity capital. 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. Specializing in, March 9, 2022 HealthPRO Pediatrics is pleased to announce a significant expansion of its therapy services across the country. 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. Wellspring Capital Management is a leading private equity firm headquartered in New York. Home; About Us; Investment Approach. The company in 2020 ranked No. 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. Financial terms of the, NEW YORK, October 19, 2016 Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has agreed to acquire Hoffmaster Group, Inc. (Hoffmaster), a leading North American manufacturer of disposable tableware, from Metalmark Capital. 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. 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. 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. Posted by MarketBeat News on Mar 4th, 2023. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. Happy National Employee Appreciation Day! Financial terms of the transaction were not disclosed. The timing of the Caring Brands transaction makes sense for a number of reasons, according to Mark Kulik managing director of The Braff Group. To support the acquisition, Hoffmaster has secured new financing commitments and strategic capital to refinance its capital structure. Hoffmaster will assume operations for Paterson as part of its family of production facilities. Founded in 1996 and headquartered in Milwaukee, Wisconsin, Steele, Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, announced that it has closed the acquisition of Lucky Strike Entertainment, LLC, an operator of upscale entertainment venues with 21 locations in the United States. COVID vaccines brought to market in record time. 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. document.write(new Date().getFullYear()); Wellspring Capital Management is a leading private equity firm headquartered in New York. Wellspring is committed to helping nonprofit organizations providing critical private support to our communities and at-risk populations. The private equity industry publication indicated that multiples in the deal were in the 11x to 12x range of the companys $45 million EBITDA. Now, six years later, Wellspring is taking the reins. 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. To date, the firm has raised in excess of $4 billion via six PE funds. We have been strong advocates of high-quality home-based care providers that enable seniors, individuals with medically complex care needs, and others with disabilities to live independently in their homes, Naishadh Lalwani, a partner at Wellspring, said in a press release. 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. The companys franchise business model is unique in health care. Wellspring Capital Management is a leading private equity firm headquartered in New York. This event explores the strategies for deals, investments and transactions in the home health, home care, hospice and palliative care space. 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. The firm's objective is to bring partnership, experience and value creation to each investment. Its also an opportunity for all our clients, and for everyone who works in science-driven innovation, to take a step forward with us. Terms of the agreement were not disclosed. (646)818-9238 Overall, the Caring Brands network includes 550 locations operated by more than 250 franchise owners worldwide. According to data from MarketBeat, Amazon.com has a consensus rating of Moderate Buy and an average target price of $144.87. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Marketing Communications Manager Krane Funds Advisors LLC now owns 78 shares of the e-commerce giants stock worth $254,000 after purchasing an additional 55 shares during the last quarter. 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. 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 .

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