Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. For additional information, please visit www.wellspringcapital.com. Wellspring Capital Acquires SupplyOne | Markets Insider 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. To do our part, Wellspring is committed to employing a DE&I strategy through trainings, recruitment, career advancement opportunities, and philanthropic initiatives. 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. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. 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. 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. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. 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. 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. And much more. And much more. La Chaux-de-Fonds - Wikipedia How do you control the overall continuum? Wellsprings portfolio revenue in 2020 was approximately $4.5 billion, according to the firm. Financial terms of the transaction were not disclosed. Designer Jiun Ho draws inspiration from Kyoto's natural beauty. Financial terms of the transaction were not disclosed. Home Health Care News Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments. | 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. 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. Wellspring also used to own Great Lakes Home Care Services, which merged with Jordan Health Services and National Home Health Care in 2018. 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.. Hoffmaster Group, Inc. Acquires Paterson Pacific Parchment Company A biopsy came back and confirmed the "skin lesion" was cancerous. Headquartered in Michigan and operating, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has acquired Swift Worldwide Resources (Swift or the Company), the premier supplier of skilled manpower resources to the global oil and gas industry, from Gresham Private Equity. Wellspring is no stranger to the home health care marketplace. 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. April 20, 2023 Washington, D.C. I am honored to join Cadence, a market leader with such a rich history in the lubricant distribution industry, Zuzik said. The past few years have been intensely disruptive. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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.. 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. Aspen Education Group is an American company specializing in providing therapeutic interventions for adolescents and young adults, including wilderness therapy programs, residential treatment centers, therapeutic boarding schools, and weight loss programs. Well, I think were the first organization in the country that now can say we own the full health care continuum.. The forecasts range from a low of $10.10 to a high of $14.18. Russell Ballew, CFP on LinkedIn: Weekly market guide The Caring Brands management team, led by Jennifer Sheets, has built an incredible business and the investment has been extremely successful for [all] stakeholders, Matthew Frankel, a managing partner at the firm, said in a statement. Pentec Health Inc. Acquired by Wellspring Capital Management is reportedly attempting to go public by years end, Seniors Helpers acquired by Advocate Aurora Healths investment arm, PE Firm RiverGlade Capital acquired Home Helpers, How Immigration Adjustments Could Alter The Entire Home-Based Care Landscape, A Look Behind The Curtain At April Anthonys New Home Health Company, VitalCaring, HHCN+ Report: The Pros and Cons of Certificate of Need Regulations in Home Health Care, Electronic Visit Verifications Bumpy Rollout In Home-Based Care Continues, More Payers Leaning Into High-Acuity, At-Home Care Could Be Game Changer, Paving the Path for Staffing Certainty Actionable Strategies for Executives, Home-Based Care Growth Plans and Financial Health. The Great Resignation. 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. Wellspring Capital Management is a leading private equity firm headquartered in New York. What is a Good Dividend Yield? Their portfolio also includes Chicago-based home care company Help at Home, which care for 67,000 patients through 169 locations in 13 states. [email protected], GAMUT MEDIA CONTACT Tracing its heritage back to 1966, CBI, WADSWORTH, OHIO Rohrer Corporation, a leading retail-packaging designer and manufacturer, today announced that it has closed the acquisition of Coburn Carton Solutions, a premier printer and folding carton converter. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. Hedge funds and other institutional investors own 57.64% of the companys stock. Today, Wellspring announced a significant capital raise. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. Talk about your Friday news dump. 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. Wellspring is obviously a very well established, major fund, and theyve got a great track record. 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. Why Wellspring Chose to Raise Capital in 2022 by Robert Lowe July 14, 2022 Today, Wellspring announced a significant capital raise. 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. Founded in 1992, NSM has grown into North Americas premier Complex Rehab Technology provider, with, New York and Cincinnati Wellspring Capital Management today announced that its portfolio company ProAmpac has entered into an agreement to acquire Coating Excellence International (CEI), a flexible packaging and technical products company based in Wrightstown, Wisconsin. Marketing Communications Manager While the last big wave came several years ago, it appears another one is underway in 2021. Wellspring Capital Management is a leading private equity firm headquartered in New York. M&A activity began to pick up again early on in 2021, with Maryland-based Seniors Helpers acquired by Advocate Aurora Healths investment arm in April. The firm's objective is to bring partnership, experience and value creation to each investment. Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. 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. But for Wellspring, the timing of a fundraise in 2022 was perfect. Hospice News is the leading source for news and information covering the hospice industry. All Rights Reserved. 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. HOFFMASTER MEDIA CONTACTBree Gaber Alberta premier says landing missed on limp handshake with prime minister . 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. 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").
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