And much more. The firm functions as a strategic partner, providing management teams with top-line support, M&A experience, financial expertise and access to resources. As of the December 2020 timetable change, the following services stop at La Chaux-de-Fonds-Est: This next chapter will be one of accelerated growth with a continued and dedicated focus on servicing our customers.. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $191,000. Mai Huyen Nguyen - School Librarian cum Educational - LinkedIn By teaming up with strong management, Wellspring is able to unlock underlying value and 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 . Hoffmaster Group acquires Nevada paper company | Latest News 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. "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.". Widening its reach to now include Kentucky, Virginia, Georgia, Texas, and California, HealthPRO is excited to offer services to kiddos across 38 states. Our principal place of business is at 605 Third Avenue, 44th Floor, New York, NY ( "Wellspring Capital" or " we ", " us " or " our "). CALGARY Alberta Premier Danielle Smith, weighing in on a limp hand clasp with the prime minister that went viral, says she never expected she would have to shake hands with him at a media . La Chaux-de-Fonds-Est railway station - Wikipedia 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. Now, six years later, Wellspring is taking the reins. 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. Cision Distribution 888-776-0942 That merger ultimately formed the Addison, Texas-based Elara Caring. And much more. The private equity industry publication indicated that multiples in the deal were in the 11x to 12x range of the companys $45 million EBITDA. The fund owned 10,349 shares of the e-commerce . The company in 2020 ranked No. The Company, established in 1947, is the platform company for the Hoffmaster Group, Inc. Foodservice Division. 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.". About Wellspring Capital Management, ST. LOUIS & BOSTON & NEW YORK(BUSINESS WIRE)Vatterott Educational Centers, Inc. (Vatterott or the Company) today announced that TA Associates (TA) and management have entered into an agreement to acquire the Company from Wellspring Capital Management (Wellspring). PE-backed Hoffmaster Group buys foodservice and paper products firm Trevor Gibbons Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. Russia loses major tank battle for Vuhledar due to ambushes NYT. Most of those transactions took place around 2015 and 2016, however, with just a handful happening since then. Alberta premier says landing missed on limp handshake with prime minister Tracing its heritage back to 1966, CBI is the leading franchisor of home healthcare services under three global brands: Interim HealthCare (in the United States), Bluebird Care (in the United Kingdom and the Republic of Ireland) and Just Better Care (in Australia). 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 . CBI is the twelfth investment from Wellspring Capital Partners Fund V, L.P., a $1.45 billion vehicle raised in January 2018. March 4, 2023 01:01. Wellspring Capital Announces Organizational Updates and New Hires Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. 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. 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. Wellspring's objective is to bring partnership, experience and value creation to each investment. 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). Jim Parker is a subculture of one. 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. Specializing in, March 9, 2022 HealthPRO Pediatrics is pleased to announce a significant expansion of its therapy services across the country. Hospice News is the leading source for news and information covering the hospice industry. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised 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. Lucianne.com News Forum - Russia loses major tank battle for Vuhledar 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. Wellspring Financial Advisors LLC Trims Stake in Amazon.com, Inc The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The distribution of these shares was the final step in Wellsprings exit of its successful investment in the Company. Wellspring is no stranger to the home health care marketplace. News March 1, 2023 Wellspring and Skidmore College Bring Pulitzer Prize-Winning Journalist Megan Twohey to Saratoga for Community Event. To learn more, please visit www.gamutcapital.com. *Maintaining record of all the organization's customers. Wellspring is obviously a very well established, major fund, and theyve got a great track record. The Great Resignation. Private equity interest in the hospice sector has been gaining momentum in recent years, raising the stakes in hospice deals and stepping up competition for acquisition targets. News - Wellspring Capital Privacy - Wellspring Capital Significant legal events involving law firms, companies, industries, and government agencies . In the words of one of our investors, we are committed to do what we are already doing well just much more of it. 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. We have a strong and growing client footprint throughout the global Knowledge Supply Chain, from government agencies to research institutions to corporations to startups. 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. Together, customers can expect the same exceptional service with an unparalleled offering of products and solutions. 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. Financial terms of the, Center 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. Financial terms of the transaction were not disclosed. . 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. 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. Financial terms of the transaction were not disclosed. I am honored to take on the role of CEO and lead this terrific business and talented team,Craycraft said. Russell Ballew, CFP on LinkedIn: 535098f7-b3b2-4a03-b65a-49d0defe205a.pdf 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. If you are interested in seeing our DEI Policy, please contact us at info@wellspringcapital.com. Learn More. To do our part, Wellspring is committed to employing a DE&I strategy through trainings, recruitment, career advancement opportunities, and philanthropic initiatives. 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. 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 The evolution of RAYUS Radiology is the result of a multi-faceted, Wellspring Capital Management (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of Rohrer Corporation, a leading retail-packaging designer and manufacturer. Wellspring Capital Acquires Rohrer Corporation | Markets Insider 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. Hoffmaster will assume operations for Paterson as part of its family of production facilities. This represents an opportunity far beyond Wellsprings own growth interests. Read more from Mike Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $2 billion of private equity capital. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. Hospice News is part of the Aging Media Network. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Innovative talent drives the aging industry forward. Oluchi Harry - Customer Experience Specialist - Wellspring School In addition to acquiring all operating rights of Aardvark, Hoffmaster will also obtain ownership of the. Lucianne.com News Forum - DeSantis may remove another Florida 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. *Tracking student experiences across online and offline channels, devices etc. Wellspring Capital Management is a leading private equity firm headquartered in New York. Some of the organizations that we support include: 2022 Wellspring Capital Management Group LLC |. Wellspring Capital Management Acquires Paragon Films Science and innovation will be key to lighting the path to a brighter future. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. Patersons legacy of quality products will be highly complementary to the Hoffmaster Group portfolio. Wellspring Capital Management has acquired 38 organizations. For more information, visit www.patersonpaper.com. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN Get Rating). This lesser-known celebration was created to recognize employees for their hard work, dedication and contributions. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group. Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. Nov 2022 - Present5 months. And here at Wellspring, were investing heavily to help drive those solutions forward for a better tomorrow. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. Wellspring Capital Management Acquires Paragon Films You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Wellspring Capital Management Closes Fund VI at $1.415 Billion Now, Wellspring on Route 9 in Malta will begin hosting the interfaith breakfast from 7:30 to 8:30 a.m. starting Thursday, March 9. HealthPRO Heritage provides therapy services under the HealthPRO Heritage, HealthPRO Heritage at Home, HealthPRO Pediatrics and Alternatives ABA brands. Hoffmaster Group, Inc. The aggregate value of the transaction was approximately $570 million. Insiders have sold 71,394 shares of company stock valued at $6,994,626 in the last 90 days. February 28, 2023 by Daniel Gutierrez Leave a Comment. 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. Innovative talent drives the aging industry forward. Financial terms of the transaction were not disclosed. We believe that diversity in experience, culture and perspectives enriches and strengthens our organization. Oppenheimer & Co. Inc. Sells 31,220 Shares of Amazon.com, Inc. (NASDAQ:AMZN), Enstar Group Limited (NASDAQ:ESGR) Holdings Increased by Credit Suisse AG, Get a free copy of the StockNews.com research report on Amazon.com (AMZN). This is part of their comfort zone; it certainly is an adjacent business to Help at Home, Kulik told Hospice News. Wellspring acquires Cadence | PE Hub 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. These factors coupled with favorable demographics and rising demand ripened the opportunity for a sale. 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. 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. Theyre no strangers to the home health marketplace, Kulik said. The only major franchise brand in its category to offer the full continuum of care, the company strives to improve the delivery of home healthcare and staffing services through 330 plus locations servicing the U.S. and Saudi Arabia. Financial terms of the agreement were not disclosed. Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. Daily and real-time news and case alerts on organizations, industries, and customized search queries. We are Wellspring Capital Management Group LLC. But for Wellspring, the timing of a fundraise in 2022 was perfect. 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. Patersons Nevada location increases access to the West, strengthening our national footprint. Wellspring Capital Management - Crunchbase And we have core software systems that already power enterprise-wide Innovation Operations at some of todays largest and most successful technology leaders. 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. Middle Market Private Equity. 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. 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. A biopsy came back and confirmed the "skin lesion" was cancerous. Wellspring Capital Acquires Caring Brands International 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. Each month will feature a leader from different faith or human. Home Health Care News (HHCN) is the leading source for news and information covering the home health industry. 'Copy That:" Sara Evans plays her hits and some classic covers in NH Wellspring Capital Management is a leading private equity firm headquartered in New York. This new injection of growth capital will help us scale quickly enough to continue servicing all these fast-growing needs. Wellspring School Support System. To find out more about Just Better Care visit justbettercare.com. A mind-controlled car. Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. LEARN MORE, SPONSORED BY: Video - Scientists Find Corridor Inside Great Pyramid of Giza: 'Most Important Discovery of 21st Century'. Want to see what other hedge funds are holding AMZN? 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. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Wellspring Capital Management Acquires Steele Solutions, Inc. Wellspring Capital Acquires Lucky Strike Entertainment, Wellspring Capital Management Acquires Paragon Films, Wellspring Capital Management Acquires Center for Diagnostic Imaging, Hoffmaster Group, Inc. Acquires Aardvark Straws, Blackstone to Acquire Tradesmen International from Wellspring Capital Management, Wellspring Capital to Acquire Hoffmaster Group, Wellspring Capital to Sell ProAmpac to Pritzker Group, Wellspring Capital to Sell National Seating & Mobility to Court Square, Wellspring Capital Management Portfolio Company Proampac To Acquire Coating Excellence International Acquisition Will Further Strengthen Extrusion Lamination Capabilities, Wellspring Capital Management Forms Leading Flexible Packaging Company Announces Acquisition of Ampac Holdings, LLC and Simultaneous Merger with Portfolio Company, Wellspring Capital Management Acquires Qualitor, Wellspring Capital Management Acquires Swift Worldwide Resources, Wellspring Capital Management Recapitalizes API Heat Transfer, Wellspring Capital Management Acquires National Seating & Mobility, Wellspring Capital Management Sells Cleaver-Brooks to Harbour Group, Wellspring Capital Management Recapitalizes Checkers Drive-In Restaurants, Wellspring Capital Management Distributes Remaining Susser Holdings Shares To Its Limited Partners, Wellspring Capital Management Sells OMNI Energy Services To Gibson Energy, Wellspring Capital Management Refinances United Sporting Companies Existing Debt, Affiliate Of Wellspring Capital Management Acquires API Heat Transfer Will Partner With ThermaSys Corporation to Expand Product and Service Offerings, Wellspring Capital Management Acquires ThermaSys Corporation, Wellspring Capital Management Acquires Resco Products, Prolamina Acquires Packaging Dynamics Business Unit, Wellspring Capital Management Acquires Crosman Corporation from Pamlico Capital, Innovative, High-End Flexible Packaging Supplier to Food & Dairy Industry to Join New Packaging Company, Fulida Purchases Neucel Specialty Cellulose Ltd. From Wellspring Capital Management, Wellspring Capital Management Closes Fund V at $1.2 Billion, Wellspring Capital Management Acquires Jen-Coat, Inc. Harold Bevis Named Chairman and CEO of New Holding Company, OMNI Energy Services Agrees to be Acquired by Wellspring Capital Management for $2.75 Per Share in Cash, Wellspring Capital Completes Sale of Dave & Busters, TA Associates to Acquire Vatterott Educational Centers from Wellspring Capital Management.