Their most recent investment was on Jan 1, 2020, when Steele Solutions raised Jim Parker is a subculture of one. 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. Patersons Nevada location increases access to the West, strengthening our national footprint. "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. It operates through the following segments: North America, International, and Amazon Web Services (AWS). 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 . For additional information, please visit www.wellspringcapital.com. ABOUT PATERSON But for Wellspring, the timing of a fundraise in 2022 was perfect. Wellspring Capital Management is a leading private equity firm headquartered in New York. Shell Asset Management Co. Sells 189 Shares of ALLETE, Inc. Tower Research Capital LLC TRC Has $254,000 Position in Daqo New Energy Corp. Gamut Capital Management, a New York-based middle market private equity firm, led an equity investment in Hoffmaster through affiliates of its second institutional fund, Gamut Investment Fund II, L.P. Gamut will partner with existing shareholder, Wellspring Capital Management, L.P., to complete the acquisition and support Hoffmaster in driving . Bridgefront Capital LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $228,000. That is, Wellspring will continue the journey we've started, in four ways: It's not hard to sense that uncertain times are ahead for the world in general, and for many of us personally. Marketing Communications Manager 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. Financing for the transaction came from Adams Street Partners, Blackrock, Madison Capital and AEA Investors. Hospice News is part of the Aging Media Network. 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. NEW YORK Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of SupplyOne Inc., a leading value-added distributor and converter of packaging products. This opens a lot of opportunities for us, thinking about what we can be in the broader health care continuum, Senior Helpers co-founder and CEO Peter Ross told HHCN at the time. 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.. Wellspring also used to own Great Lakes Home Care Services, which merged with Jordan Health Services and National Home Health Care in 2018. 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. 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. North Shore business briefs. 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 aggregate value of the transaction was approximately $570 million. This event explores the strategies for deals, investments and transactions in the home health, home care, hospice and palliative care space. Before becoming a reporter, and then editor, for HHCN, Andrew received journalism degrees from the University of Iowa and Northwestern University. Wellspring Capital Management is a leading private equity firm headquartered in New York. Financial terms of the transaction were not disclosed. Terms of the transaction were not disclosed. UBS Group AG Has $3.41 Million Position in Builders FirstSource, Inc. Caseys General Stores, Inc. Shares Sold by Healthcare of Ontario Pension Plan Trust Fund. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. 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. Financial terms of the agreement were not disclosed. LEARN MORE, SPONSORED BY: Why Wellspring Chose to Raise Capital in 2022 by Robert Lowe July 14, 2022 Today, Wellspring announced a significant capital raise. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. 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. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN Get Rating). The firm functions as a strategic rather than tactical partner, providing management teams with top-line support, M&A experience and financial expertise, and access to resources. To do our part, Wellspring is committed to employing a DE&I strategy through trainings, recruitment, career advancement opportunities, and philanthropic initiatives. We are thrilled to add Caring Brands to the Wellspring portfolio, Alexander Carles, co-president of Wellspring Capital, said in the press release. 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. Industry Bulletin | March 3, 2023 Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Midwest Footprint 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. Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. What is a Good Dividend Yield? All Rights Reserved. Innovative talent drives the aging industry forward. Posted by MarketBeat News on Mar 4th, 2023. Gamut Capital Management, L.P. (Gamut), a New York-based middle market private equity firm, led an equity investment in Hoffmaster through affiliates of its second institutional fund, Gamut Investment Fund II, L.P. Gamut will partner with existing shareholder, Wellspring Capital Management, L.P. (Wellspring), to complete the acquisition and support Hoffmaster in driving further value creation for its stakeholders. 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"). To date, the firm has raised in excess of $4 billion via six PE funds. Bonds haven't been this attractive since 2008. Fulida, together with Zhejiang Fulida Ltd, which had established a minority equity position along with a strategic supply agreement with Neucel in 2010, is now assuming full ownership of the company. 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. "We are honored that Wellspring chose to invest in our organization. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. Financial terms of the agreement were not disclosed. . 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. 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. 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. This represents an opportunity far beyond Wellsprings own growth interests. Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $2 billion of private equity capital. Caring Brands is headquartered in Sunrise, FL. 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. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group. Alexander Carles, Co-President of Wellspring Capital, added: "We are thrilled to add CBI to the Wellspring portfolio. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. We encourage our portfolio companies to do the same within their own industries. Private equity hospice transactions rose nearly 25% between 2011 to 2020, according to a recent industry transaction report that M&A advisory firm The Braff Group shared with Hospice News. This lesser-known celebration was created to recognize employees for their hard work, dedication and contributions. Russia loses major tank battle for Vuhledar due to ambushes NYT. 1 of 2. 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. I think they like the prospects for the continued growth [in this space].. La Chaux-de-Fonds (French pronunciation: [laodf]) is a Swiss city in the canton of Neuchtel.It is located in the Jura mountains at an altitude of 1000 m, a few kilometers south of the French border. And much more. Financial terms of the transaction were not disclosed. War in Ukraine. . Wellspring acquired OMNI in October 2010 in a take-private transaction valued at $122 million. 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. 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. Wellspring Capital Management is a leading private equity firm headquartered in New York. The Fed is nearing the end of its tightening cycle. 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. 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. The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores. NEW YORK (October 26, 2021)Wellspring Capital Management, a leading private equity firm headquartered in New York, announced that it has partnered with management to complete the acquisition of Caring Brands International, Inc. (CBI). To learn about Paterson, visit www.patersonpaper.com. To find out more about Just Better Care visit justbettercare.com. 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. Courtesy of Arim. Caring Brands was initially acquired by Levine Leichtman Capital Partners in the fall of 2015. Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. 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. Its been just over seventy-five years since Vannevar Bush delivered his seminal report on Science: The Endless Frontier. In addition to hospice and palliative care, the companys franchisees provided home health care, home pediatric care, health care staffing and senior care services. Wellspring Capital Management is a leading private equity firm headquartered in New York. Hoffmaster Group, Inc. is currently owned by Wellspring Capital Management. Wellspring Capital Management, founded in 1995, is a middle-market private equity firm that has approximately $2 billion of private equity capital under management. 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 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.