Hedge funds and other institutional investors own 57.64% of the companys stock. The private equity industry publication indicated that multiples in the deal were in the 11x to 12x range of the companys $45 million EBITDA. 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. The aggregate value of the transaction was approximately $570 million. Alexander Carles, Co-President of Wellspring Capital, added: "We are thrilled to add CBI to the Wellspring 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. We are Wellspring Capital Management Group LLC. *Updating customer records after each interaction. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. 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. Lucianne.com News Forum - Russia loses major tank battle for Vuhledar Bonds haven't been this attractive since 2008. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts consensus estimates of $0.15 by ($0.12). McDermott Will & Emery LLP served as legal counsel and Houlihan Lokey served as financial advisor to Wellspring. HOFFMASTER MEDIA CONTACTBree Gaber Innovative talent drives the aging industry forward. . North Shore business briefs | News | salemnews.com 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. Russell Ballew, CFP on LinkedIn: 535098f7-b3b2-4a03-b65a-49d0defe205a.pdf How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, MarketBeat.com's FREE daily email newsletter. This lesser-known celebration was created to recognize employees for their hard work, dedication and contributions. Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellspring Capital Management Portfolio Investments, Wellspring Capital "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. Since November 2006, Aspen Education Group, with corporate offices located in Cerritos, California has been a division of Bain Capital's . The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised Wellspring also used to own Great Lakes Home Care Services, which merged with Jordan Health Services and National Home Health Care in 2018. For more information, visit www.patersonpaper.com. In the words of one of our investors, we are committed to do what we are already doing well just much more of it. *Maintaining record of all the organization's customers. From left: John Meakin, vice president, commercial financial consultant at Rockland Trust; Charles Gray, business banking officer at Rockland . 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. 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. 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. As of March 1, 2023, the average one-year price target for Eve Holding is $11.98. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. Wellspring Capital Management Recapitalizes HealthPRO Heritage The White House has released a statement from Joe Biden's doctor stating that the president had "cancerous tissue" removed. Youve also got to believe a lot of tailwinds are lining up, Kulik said. Robert will assume the role on Jan. 17, 2022. Wellspring is deeply committed to enhancing diversity, equity, and inclusivity with the goal of increasing diverse representation within the financial services industry. I think this is a part of their comfort zone, and this is an adjacent business to Help at Home. Financial terms of the transaction were not disclosed. Financial terms of the transaction were not disclosed. Wellspring Capital Management Acquires Cadence Petroleum Group While Labor Day is the more official holiday, it never hurts to have another day to . Youve got the Choose Home legislation, and that looks pretty solid right now. Talk about your Friday news dump. Youve got recent successes like the home health and home care industries really stepping up nationwide and proving themselves during COVID.. Want to see what other hedge funds are holding AMZN? "Above the Trend Line" - Your Industry Rumor Central for 2/28/2023 At the time, OMNI operated primarily in the Gulf, NEW YORK, NYWellspring Capital Management LLC (Wellspring) today announced that its portfolio company, United Sporting Companies (USC), the holding company for Ellett Brothers, LLC (Ellett) and Jerrys Sport Center Inc. (JSC), has completed the refinancing of all of its existing debt. The timing of the Caring Brands transaction makes sense for a number of reasons, according to Mark Kulik managing director of The Braff Group. JP Morgan Initiates Coverage of Eve Holding (EVEX) with Overweight Wellspring Capital Management is a leading private equity firm headquartered in New York. 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). 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 Just Better Care mission is to provide high quality personalised services "just for you" to those requiring assistance to live independently and thrive personally. 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 Mai Huyen Nguyen - School Librarian cum Educational - LinkedIn Yet this period also yielded profound advancements. By teaming up with strong management, Wellspring is able to unlock underlying value and Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $2 billion of private equity capital. 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. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. My Personal CFO LLC bought a new position in shares of Amazon.com in the first quarter worth about $261,000. Well, I think were the first organization in the country that now can say we own the full health care continuum.. When he's not writing about health care, he makes himself miserable by indulging in Chicago sports. Dave & Busters was acquired by Wellspring Capital in 2006. Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. Renehan joined SupplyOne, ASHEBORO, N.C., February 7, 2022 Cadence Group today announced that Neal Zuzik has been selected as Cadence Groups new chief operating officer. PE-backed Hoffmaster Group buys foodservice and paper products firm Financial terms of the transaction were not disclosed. Together, customers can expect the same exceptional service with an unparalleled offering of products and solutions. A global pandemic. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. These include lower capital gains tax rates that could rise next year if proposed legislation goes through. That merger ultimately formed the Addison, Texas-based Elara Caring. Wellspring Capital Management is a leading private equity firm headquartered in New York. The procedure occurred on February 16th but was not revealed to the public at the time. Patersons legacy of quality products will be highly complementary to the Hoffmaster Group portfolio. Wellspring Capital Management, founded in 1995, is a middle-market private equity firm that has approximately $2 billion of private equity capital under management. Range Financial Group LLC bought a new position in shares of Amazon.com in the first quarter worth about $258,000. The Company used the net proceeds of this offering to refinance the Companys existing debt and to, NEW YORKWellspring Capital Management LLC (Wellspring) today announced a distribution to its limited partners of the approximately 850,000 remaining shares of its investment in portfolio company Susser Holdings Corporation (NASDAQ: SUSS) (Susser). Financial terms of the agreement were not disclosed. Saratoga Senior Center, located directly behind Saratoga Central Catholic and its athletic field. Image by Nattanan Kanchanaprat from Pixabay, 2023 Wellspring Worldwide. La Chaux-de-Fonds-Est railway station - Wikipedia 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. 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. It operates through the following segments: North America, International, and Amazon Web Services (AWS). We encourage our portfolio companies to do the same within their own industries. The firm's objective is to bring. All rights reserved. To find out more about Just Better Care visit justbettercare.com. What is a Good Dividend Yield? Wellspring Capital-Backed RAYUS Radiology Acquires Diagnostic Centers 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. Fund V is Wellsprings largest fund to date, bringing the firms assets under management to more than $3 billion. 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. A nose for the truth, a fanatical grammar maniac, a meticulous copy editor.<br><br>Mai Huyen spent years editing at daily newspapers before moving to books to broaden her experience and talents.<br>Had five years of experience as a chief copy editor and contributor to Automotive News at VnExpress - a most read Vietnamese newspaper.<br>Carried 12 months of experience as an editor (fiction books . 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 transaction were not disclosed. Posted By: Dreadnought, 3/1/2023 2:03:11 PM Russia has lost a large-scale tank battle for Vuhledar in Donetsk Oblast, getting ambushed by the Armed Forces of Ukraine just as it did during the attack when using tank convoys at the beginning of the full-scale invasion. On its end, Interim HealthCare is a franchise company that provides home health, senior care, hospice, palliative care, pediatric care and health care staffing services through over 330 locations in the U.S. and Saudi Arabia. Caring Brands is the seventh largest home-based care provider in the United States, in addition to its international holdings in the United Kingdom, Ireland and Australia. 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. Lucianne.com News Forum - DeSantis may remove another Florida 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.. bree.gaber@hoffmaster.com, GAMUT MEDIA CONTACT 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. 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. 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.
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