These factors coupled with favorable demographics and rising demand ripened the opportunity for a sale. Effective January 1, 2021:, Help at Home, a leading U.S. provider of home care and community-based services in 13 states, today announced that it has been acquired by a consortium that includes Centerbridge Partners (Centerbridge)and The Vistria Group (Vistria). 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. April 20, 2023 Washington, D.C. I think they like the prospects for the continued growth [in this space].. Amazon.coms revenue for the quarter was up 8.6% compared to the same quarter last year. *Maintaining record of all the organization's customers. And we have core software systems that already power enterprise-wide Innovation Operations at some of todays largest and most successful technology leaders. All rights reserved. This next chapter will be one of accelerated growth with a continued and dedicated focus on servicing our customers.. 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. 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. Marketing Communications Manager 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. Range Financial Group LLC bought a new position in shares of Amazon.com in the first quarter worth about $258,000. The . For additional information, please visit www.wellspringcapital.com. Happy National Employee Appreciation Day! Shell Asset Management Co. Sells 189 Shares of ALLETE, Inc. Tower Research Capital LLC TRC Has $254,000 Position in Daqo New Energy Corp. February 28, 2023 by Daniel Gutierrez Leave a Comment. Wellspring and Skidmore College Bring Pulitzer Prize-Winning Journalist How do you own it? When typing in this field, a list of search results will appear and be automatically updated as you type. While Labor Day is the more official holiday, it never hurts to have another day to . Its very hard for one person, one company or one organization to have all of the parts. Wellsprings portfolio revenue in 2020 was approximately $4.5 billion, according to the firm. The firm's objective is to bring partnership, experience and value creation to each investment. Hospice News 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. LEARN MORE, SPONSORED BY: 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. The capital of Japan for more than a thousand years, until the mid-19th century . 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. 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. On average, analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current year. Wellspring Capital Acquires Caring Brands International [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. All rights reserved. COVID vaccines brought to market in record time. 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. Civilians flying into space. The firm functions as a strategic partner, providing management teams with top-line support, M&A experience, financial expertise and access to resources. Caring Brands was initially acquired by Levine Leichtman Capital Partners in the fall of 2015. 1 in the senior care category of Entrepreneur magazines annual Franchise 500. Theyre also comfortable with international expansion, which is a whole different set of expertise., Bluebird Care, Caring Brands International, Help at Home, Interim Healthcare, Just Better Care, Levine Leichtman Capital Partners, The Braff Group, Wellspring Capital Management. 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. 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 . 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. Lucianne.com News Forum - Russia loses major tank battle for Vuhledar Founded in 2015, Gamuts senior deal professionals have executed investments in over 50 companies in North America and Europe. 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. 'Copy That:" Sara Evans plays her hits and some classic covers in NH Wellspring Capital Management Acquires Paragon Films For his latest fabric collection, Jiun Ho returns to his first love: Japan Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. Most of those transactions took place around 2015 and 2016, however, with just a handful happening since then. To learn more, please visit www.gamutcapital.com. Our principal place of business is at 605 Third Avenue, 44th Floor, New York, NY ( "Wellspring Capital" or " we ", " us " or " our "). My Personal CFO LLC bought a new position in shares of Amazon.com in the first quarter worth about $261,000. March 30, 2023 Washington, D.C. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Want to see what other hedge funds are holding AMZN? Over the past 20 years, Wellspring has invested in over 35 platform investments across various segments of the U.S. and global economies. North Shore business briefs. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. 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.". Hospice News is the leading source for news and information covering the hospice industry. Some of the organizations that we support include: 2022 Wellspring Capital Management Group LLC |. Financial terms of the transaction were not disclosed. Since investing in 2015, we have completed numerous add-on acquisitions (both domestic and abroad), driven the increased adoption of Caring Brands higher-acuity service lines (especially hospice and home health), and added a company-owned branch strategy to further accelerate growth.. By teaming up with strong management, Wellspring is able to unlock underlying value and According to data from MarketBeat, Amazon.com has a consensus rating of Moderate Buy and an average target price of $144.87. Why Wellspring Chose to Raise Capital in 2022 As the newest addition to the Wellspring family, we feel fortunate to partner with an organization that is rooted in the health care industry and recognizes the value home-based health care provides.. LEARN MORE. Paterson Pacific Parchment Company - Wellspring Capital. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. 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 Acquires SupplyOne | Markets Insider Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $2 billion of private equity capital. 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. Innovative talent drives the aging industry forward. Wellspring's objective is to bring partnership, experience and value creation to each investment. 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. Hoffmaster Group, Inc. is currently owned by Wellspring Capital Management. There have been four major home care franchisers acquired in 2021, with PE buyers driving three of those transactions. Industry Bulletin | March 3, 2023 Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Midwest Footprint War in Ukraine. Saratoga Springs Task Force on Homelessness meets for first time 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. As we have witnessed over the past year and throughout 2021, the demand for delivering high-quality home-based healthcare services has never been more essential," said Jennifer Sheets, president and CEO of Caring Brands International and Interim HealthCare Inc. "As the leader in the home care industry, we at CBI are excited to be a part of the Wellspring family. 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. 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. The Great Resignation. 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. Each month will feature a leader from different faith or human. Expansion to Serve More Kids + Support Families, Cadence Group, a Wellspring-Backed Company, Appoints Neal Zuzik as COO of Cadence Group, Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group, Wellspring Sells Paragon Films To Rhne Group, Rohrer Corporation Acquires Jay Packaging Group, Rohrer Corporation Expands Leadership Team, Wellspring Capital Management Acquires Caring Brands International, Rohrer Corporation Acquires Coburn Carton Solutions, Wellspring Capital-Backed RAYUS Radiology Acquires One Of The Largest Radiology Groups In The U.S., Bolstering Its Growing Nationwide Network, Center for Diagnostic Imaging Relaunches As RAYUS Radiology, Marking Major Step As It Accelerates Its National Growth Plan, Wellspring Capital Acquires Rohrer Corporation, Wellspring Capital Management Announces Three-Year Corporate Sponsorship of Squash Haven Annual Fundraising Event, Wellspring Capital Management Recapitalizes HealthPRO Heritage, Center for Diagnostic Imaging Appoints New CEO to Lead National Growth Strategy, Center For Diagnostic Imaging Appoints New Ceo To Lead National Growth Strategy, Wellspring Capital Announces Organizational Updates and New Hires, Help at Home Acquired by Centerbridge Partners and The Vistria Group From Wellspring, Wellspring Capital Management Acquires Cadence Petroleum Group. NEW YORK, March 15, 2021 /PRNewswire/ -- Wellspring Capital Management ("Wellspring"), a New Yorkbased private equity firm, today announced that it has closed the acquisition of HealthPRO. Video - Scientists Find Corridor Inside Great Pyramid of Giza: 'Most Important Discovery of 21st Century'. 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 . 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. Alexander Carles, Co-President of Wellspring Capital, added: "We are thrilled to add CBI to the Wellspring portfolio. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised Financial terms, CARENCRO, La.OMNI Energy Services Corp. (NASDAQ GM: OMNI), a leading provider of environmental services and seismic services to the domestic oil and gas industry, today announced that it has entered into a definitive agreement under which an affiliate of Wellspring Capital Management LLC (Wellspring) will acquire all of OMNIs outstanding shares for $2.75 per share, NEW YORKWellspring Capital Management LLC today announced the completion of its previously announced sale of Dave & Busters, Inc. to Oak Hill Capital Partners, in partnership with the companys management team. The refinancing was effected through the purchase and retirement of $103.0 million of debt., NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that an affiliate has acquired API Heat Transfer Inc. (API Heat Transfer), one of the largest full-service producers of industrial heat exchangers and heat transfer systems, from Industrial Growth 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). 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. To learn about Paterson, visit www.patersonpaper.com. Pentec Health Inc. Acquired by Wellspring Capital Management - PRWeb Learn More. The distribution of these shares was the final step in Wellsprings exit of its successful investment in the Company. Wolf. Wellspring Capital Management Closes Fund VI at $1.415 Billion | 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. Privacy - Wellspring Capital Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. The Fed is nearing the end of its tightening cycle. With a mantra of, "Home is where the heart is, let's keep it there", you can find out more information on the care and support at home options that are offered by Bluebird Care by visiting: https://www.bluebirdcare.co.uk/ and https://www.bluebirdcare.ie. Founded in 1947, Hoffmaster is a leading, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has entered into an agreement to sell its portfolio company ProAmpac, a leading global flexible packaging company, to Pritzker Group Private Capital. 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.
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