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By teaming up with strong management, Wellspring seeks to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. Each month will feature a leader from different faith or human. 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. 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. The contemporary analogues of that period are once again coalescing, and for many of the same reasons: Global challenges in need of fresh solutions. I think they like the prospects for the continued growth [in this space].. 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. If you are interested in seeing our DEI Policy, please contact us at info@wellspringcapital.com. Daily and real-time news and case alerts on organizations, industries, and customized search queries. Financing for the transaction came from Adams Street Partners, Blackrock, Madison Capital and AEA Investors. The seller, PE outfit Levine Leichtman Capital Partners, purchased the company in 2015. These include lower capital gains tax rates that could rise next year if proposed legislation goes through. During the same period in the previous year, the business earned $1.39 EPS. 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. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments. Wellspring Capital Management is a leading private equity firm headquartered in New York. But for Wellspring, the timing of a fundraise in 2022 was perfect. 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. bree.gaber@hoffmaster.com, GAMUT MEDIA CONTACT Well, I think were the first organization in the country that now can say we own the full health care continuum.. 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. (646)818-9238 from 8 AM - 9 PM ET. Supply chain issues. Financial terms of the transaction were not disclosed. Patersons legacy of quality products will be highly complementary to the Hoffmaster Group portfolio. 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. Politico, by Gary Fineout Original Article. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. "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.". Wellspring Capital Management is a leading private equity firm headquartered in New York. *Tracking student experiences across online and offline channels, devices etc. 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. 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. 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. This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements. Caring Brands International (CBI) is the largest franchisor of home healthcare services globally with more than 550 locations around the world. 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. The aggregate value of the transaction was approximately $570 million. Founded in 1992, NSM has grown into North Americas premier Complex Rehab Technology provider, with, New York and Cincinnati Wellspring Capital Management today announced that its portfolio company ProAmpac has entered into an agreement to acquire Coating Excellence International (CEI), a flexible packaging and technical products company based in Wrightstown, Wisconsin. 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 distribution of these shares was the final step in Wellsprings exit of its successful investment in the Company. This next chapter will be one of accelerated growth with a continued and dedicated focus on servicing our customers.. 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 . Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Help at Home which provides home care to 67,000 clients through its 169 locations in 13 states is reportedly attempting to go public by years end. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. Financial terms of the transaction were not disclosed. Wellspring Capital Management has acquired 38 organizations. And we have core software systems that already power enterprise-wide Innovation Operations at some of todays largest and most successful technology leaders. Innovative talent drives the aging industry forward. The disclosure for this sale can be found here. 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. 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. The fund owned 10,349 shares of the e-commerce . Bridgefront Capital LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $228,000. 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. Aardvark, owned by Precision Products Group, Inc. (PPG), began manufacturing paper straws in 2007. Science and innovation will be key to lighting the path to a brighter future. Home; About Us; Investment Approach. While Labor Day is the more official holiday, it never hurts to have another day to . 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 This represents an opportunity far beyond Wellsprings own growth interests. Its very hard for one person, one company or one organization to have all of the parts. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through six private equity funds. Jen-Coat is the first subsidiary of a new holding company formed by Wellspring and industry executive Harold Bevis. The timing of the Caring Brands transaction makes sense for a number of reasons, according to Mark Kulik managing director of The Braff Group. Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. 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. 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. Terms of the transaction were not disclosed. McDermott Will & Emery LLP served as legal counsel and Houlihan Lokey served as financial advisor to Wellspring. Wellspring Capital Management is a leading middle-market private equity firm headquartered in New York. Its also an opportunity for all our clients, and for everyone who works in science-driven innovation, to take a step forward with us. Investment Philosophy; Target Investments; Portfolio Marketing Communications Manager Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. 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. Because PE firms usually buy, bolster, then sell portfolio investments in four- to seven-year windows, transactions tend to come in waves. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts consensus estimates of $0.15 by ($0.12). Youve got the Choose Home legislation, and that looks pretty solid right now. Robert will assume the role on Jan. 17, 2022. Now, six years later, Wellspring is taking the reins. 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. Regarding the acquisition, Naishadh Lalwani, a Partner at Wellspring, offered: "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. ABOUT PATERSON Wellspring Capital Management is a leading private equity firm headquartered in New York. Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter. 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. Wellspring Capital Management is a leading private equity firm headquartered in New York. Donald Trump calls for contest to charter 10 new cities on Federal Land. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. 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. Swifts management team invested alongside Wellspring in the transaction. Innovative talent drives the aging industry forward. 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. 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. COVID vaccines brought to market in record time. 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. Fund V is Wellsprings largest fund to date, bringing the firms assets under management to more than $3 billion. Wellspring's objective is to bring partnership, experience and value creation to each investment. But that uncertainty also drives heightened potential for positive change. 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.. A biopsy came back and confirmed the "skin lesion" was cancerous. My Personal CFO LLC bought a new position in shares of Amazon.com in the first quarter worth about $261,000. March 4, 2023 01:01. Equity futures indicate a higher open to begin the month following reports of China's strongest manufacturing PMI reading since 2012. Some of the organizations that we support include: 2022 Wellspring Capital Management Group LLC |. Patersons Nevada location increases access to the West, strengthening our national footprint. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Organizations around the world need to accelerate innovation as never before and we find ourselves uniquely equipped to help them. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. [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. Above the Trend Line: your industry rumor central is a recurring feature of insideBIGDATA. Financial terms of the transaction were not disclosed. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. 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. Hoffmaster Group, which is backed by Gamut Capital and Wellspring Capital, has . Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group Effective Jan. 17, 2022. HealthPRO Heritage provides therapy services under the HealthPRO Heritage, HealthPRO Heritage at Home, HealthPRO Pediatrics and Alternatives ABA brands. 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. 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. 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. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN Get Rating). 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. All rights reserved. SPONSORED BY: To date, the firm has raised in excess of $4 billion via six PE funds. 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 Capital Management is a leading private equity firm headquartered in New York. Paterson Pacific Parchment Company - Wellspring Capital. We believe that diversity in experience, culture and perspectives enriches and strengthens our organization. Alexander Carles, Co-President of Wellspring Capital, added: "We are thrilled to add CBI to the Wellspring portfolio. And much more. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group. Terms of the agreement were not disclosed. Wellspring Capital Management, founded in 1995, is a middle-market private equity firm that has approximately $2 billion of private equity capital under management. 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.". LEARN MORE, SPONSORED BY: Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare.
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