North Shore business briefs | News | salemnews.com "We are honored that Wellspring chose to invest in our organization. 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. Founded in 1981 and headquartered in Minneapolis, Minnesota, CDI is one of the, Wellspring Capital Management LLC (Wellspring) today announced that its portfolio company Hoffmaster Group, Inc. has acquired Aardvark Straws, the sole U.S. producer of paper straws. 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. Mar 1, 2023. Headquartered in Hunt Valley, Maryland, HealthPRO Pediatrics is a national leading provider, Newtown Square, Pennsylvania, February 25, 2022 SupplyOne, Inc., the largest independent supplier of corrugated and other value-added packaging products, equipment, and services in the U.S., announced today that Bill Leith, the Companys founder, has become its Executive Chairman, and Todd Renehan has been appointed the Companys President and Chief Executive Officer. Lucianne.com News Forum - Sen. John Kennedy Delivers Glorious Remarks Hoffmaster Group, which is backed by Gamut Capital and Wellspring Capital, has . Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. Lincoln International served as financial advisor, and Kirkland & Ellis LLP served as legal counsel to CBI with respect to the transaction. 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. Wellspring Capital Acquires SupplyOne | Markets Insider 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. Financial terms of the agreement were not disclosed. But that uncertainty also drives heightened potential for positive change. This new injection of growth capital will help us scale quickly enough to continue servicing all these fast-growing needs. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Each month will feature a leader from different faith or human. Financial terms were not disclosed. Headquartered in Nashville, Tennessee, NSM, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has sold its portfolio company Cleaver-Brooks, Inc. (Cleaver-Brooks or the Company), a leading provider of boiler room solutions, to Harbour Group. 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. Industry Bulletin | March 3, 2023 Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Midwest Footprint Learn More. Those positives have pushed some sidelined buyers into the game, giving them more confidence to strike a deal. Wellspring Capital-Backed RAYUS Radiology Acquires One Of The Largest Radiology Groups In The U.S., Bolstering Its Growing Nationwide Network | Markets Insider Markets Stocks Indices Commodities. Avista Capital Partners Acquires WellSpring Consumer Healthcare 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 . Most of those transactions took place around 2015 and 2016, however, with just a handful happening since then. The seller, PE outfit Levine Leichtman Capital Partners, purchased the company in 2015. To learn about Paterson, visit www.patersonpaper.com. Ukrayinska Pravda (Ukraine), by Staff Original Article. 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. 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). Financial terms of the transaction were not disclosed. CBI 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.". Wellspring is obviously a very well established, major fund, and theyve got a great track record. Just Better Care currently has over 40 independently owned and operated franchise territories covering NSW, Queensland, Victoria, the ACT, Western Australia and the successful franchisor is currently expanding its footprint of local offices into Tasmania. News - Wellspring Capital Nov 2022 - Present5 months. Wellspring Financial Advisors LLCs holdings in Amazon.com were worth $1,170,000 at the end of the most recent quarter. Wellspring, the domestic violence and sexual assault resource for Saratoga County, is partnering with Skidmore College to bring New York Times reporter and best-selling author Megan Twohey, to Skidmore's Arthur Zankel Music Center on Monday, April 10 at 6: . The companys franchise business model is unique in health care. 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. 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. Featuring c-suite executives and industry leaders shaping the future of palliative care. Wellspring is no stranger to the home health care marketplace. 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 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. *Maintaining record of all the organization's customers. This represents an opportunity far beyond Wellsprings own growth interests. With over 200 offices, the Bluebird Care franchise owner network provide over 20,000 visits to customers every day, revolutionising the way high quality and bespoke care is delivered not only to older people, but also to those with specialist care needs, children and their families. We believe that diversity in experience, culture and perspectives enriches and strengthens our organization. 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. 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. McDermott Will & Emery LLP served as legal counsel and Houlihan Lokey served as financial advisor to Wellspring. Adding notes to customer records. Individuals of the firm have identified certain causes to support and brought the firm into the fold to leverage individual contributions both with financial support and time. North Shore business briefs. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. Saratoga Springs Task Force on Homelessness meets for first time Receive industry updates and breaking news from HHCN. (646)818-9238 CBI is the twelfth investment from Wellspring Capital Partners Fund V, L.P., a $1.45 billion vehicle raised in January 2018. 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. For his latest fabric collection, Jiun Ho returns to his first love: Japan Innovative talent drives the aging industry forward. 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"). Amazon.coms revenue for the quarter was up 8.6% compared to the same quarter last year. 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. Youve got the Choose Home legislation, and that looks pretty solid right now. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. Analyst Price Forecast Suggests 119.51% Upside. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. 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. Its very hard for one person, one company or one organization to have all of the parts. The Company's franchisees and operators are uniquely positioned in their respective markets to offer the full continuum of healthcare at home including skilled nursing, home health, assistance with daily living activities and end-of-life hospice care along with healthcare staffing. Wellspring CEO takes leave after explosive rape allegations against his son A global pandemic. Saratoga-area interfaith breakfast moves to new site CBI offers franchises under three brands: Interim HealthCare (United States and Saudi Arabia), Bluebird Care (United Kingdom and Republic of Ireland) and Just Better Care (Australia). Since November 2006, Aspen Education Group, with corporate offices located in Cerritos, California has been a division of Bain Capital's . Human-like AI programs. The proposed site for a new homeless shelter is seen in Saratoga Springs on Friday, January 27, 2023. For additional information, please visit www.wellspringcapital.com. 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. Aspen Education Group - Wikipedia Dave & Busters was acquired by Wellspring Capital in 2006. Wellspring Capital Management Portfolio Investments, Wellspring Capital 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The Great Resignation. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through . Wellspring Capital Management Appoints Robert Craycraft as CEO of Shell Asset Management Co. Sells 189 Shares of ALLETE, Inc. Tower Research Capital LLC TRC Has $254,000 Position in Daqo New Energy Corp. The company in 2020 ranked No. Besides the timing, Kulik also mentioned current inflation issues in the U.S. as a reason that Wellspring would want to do this deal now, as opposed to waiting with the risk of rates rising in the future. Also, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. 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. 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. Financial terms of, WADSWORTH, OHIO, Dec. 16, 2021 Rohrer Corporation, a leading retail-packaging designer and manufacturer, today announced that it has closed the acquisition of Jay Packaging Group, a premier specialty printing and thermoforming company. Wellspring Capital Management is a leading private equity firm headquartered in New York. SPONSORED BY: Trevor Gibbons Wellspring Capital Management is a leading private equity firm headquartered in New York. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. Wellspring Capital-Backed RAYUS Radiology Acquires One Of The - Insider Second, Wellsprings business has continued to grow, and grow, and grow. The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Robert will assume the role on Jan. 17, 2022. Now, six years later, Wellspring is taking the reins. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group. Financial terms of the transaction were not disclosed. 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 . About Us - Wellspring Capital 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. Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands The firm's objective is to bring partnership, experience and value creation to each investment. 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). For additional information, please visit www.wellspringcapital.com. Wellspring Capital Management Closes Fund VI at $1.415 Billion 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. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. HHCN is part of the Aging Media Network. We are Wellspring Capital Management Group LLC. Privacy - Wellspring Capital 'Copy That:" Sara Evans plays her hits and some classic covers in NH Terms of the transaction were not disclosed. The firm functions as a strategic partner, providing management teams with top-line support, M&A experience, financial expertise and access to resources. These include lower capital gains tax rates that could rise next year if proposed legislation goes through. Wellspring School Support System. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giants stock worth $254,000 after purchasing an additional 55 shares during the last quarter. Finally, Cowen increased their target price on shares of Amazon.com from $140.00 to $150.00 and gave the stock an outperform rating in a report on Friday, February 3rd. Wellspring Capital Management is a leading private equity firm headquartered in New York. Science and innovation will be key to lighting the path to a brighter future. 1 of 2. 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. 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 . Financing for this transaction was provided by Adams Street Partners, Blackrock, Madison Capital and AEA Investors. 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 Just Better Care mission is to provide high quality personalised services "just for you" to those requiring assistance to live independently and thrive personally. Swashbuckling feats of high adventure bring a joyful tear to his salty eye. How do you control the overall continuum? . Bonds haven't been this attractive since 2008 In total, Wellspring's current portfolio companies employ nearly 60,000 people around the world and generate aggregate revenues in excess of $5.0 billion per year. When he's not writing about health care, he makes himself miserable by indulging in Chicago sports. Gamut Capital Management is a New York-based private investment firm managing in excess of $2 billion in assets focused on the middle market. Our principal place of business is at 605 Third Avenue, 44th Floor, New York, NY ( "Wellspring Capital" or " we ", " us " or " our "). April 20, 2023 Washington, D.C. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Terms of the transaction were not disclosed. Its been just over seventy-five years since Vannevar Bush delivered his seminal report on Science: The Endless Frontier. Established in 2005, Just Better Care is one of Australia's largest accredited franchised providers of in-home home care services in Australia, delivering in-home social and lifestyle support services that enable people to live independently. 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. *Updating customer records after each interaction. The past few years have been intensely disruptive. Organizations around the world need to accelerate innovation as never before and we find ourselves uniquely equipped to help them. Financial terms of the transaction were not disclosed. Hoffmaster Group acquires Nevada paper company | Latest News Financial terms of the transaction were not disclosed. 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 Capital Management LLC : Articles :: Law360 But for Wellspring, the timing of a fundraise in 2022 was perfect. Caring Brands has about $1.3 billion in system-wide sales annually, according to the company, which was previously owned by Los Angeles-based PE firm Levine Leichtman Capital Partners. 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 the transaction were not disclosed. Swifts management team invested alongside Wellspring in the transaction. We are thrilled to add Caring Brands to the Wellspring portfolio, Alexander Carles, co-president of Wellspring Capital, said in the press release. Lucianne.com News Forum - Video - Scientists Find Corridor Inside <br Terms of the agreement were not disclosed. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts consensus estimates of $0.15 by ($0.12). Investments Number of Investments 2 Wellspring Capital Management has made 2 investments. Avista Capital Partners Acquires WellSpring Consumer Healthcare 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. 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. To date, the firm has raised in excess of $4 billion via six PE funds. Significant legal events involving law firms, companies, industries, and government agencies . Wellspring Capital Management is a leading private equity firm headquartered in New York. Financial terms of the transaction were not disclosed. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group Effective Jan. 17, 2022. Responsibility - Wellspring 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.