document.write(new Date().getFullYear()); Managing Director at Wellspring International Capital Partners, LLC 1d Market participants will receive a slate of earnings news this week with many of the notable names coming out of the. Hoffmaster will assume operations for Paterson as part of its family of production facilities. Nominate a future leader who is redefining the standard of hospice care. Wellspring Capital Management has acquired 38 organizations. Founded in 1973 and a portfolio company of ShoreView Industries since 2009, Rohrer Corporation is a US-based packaging manufacturer headquartered, Wellspring Capital Management Group LLC (Wellspring), a leading middle market private equity firm, today announced it has committed to being the lead sponsor of Squash Havens marquee fundraising event, the Squash Haven Showdown, for the next three years. Hoffmaster Group, which is backed by Gamut Capital and Wellspring Capital, has . And much more. 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. 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 . The Great Resignation. Wellspring Capital Management is a leading private equity firm headquartered in New York. Specializing in, March 9, 2022 HealthPRO Pediatrics is pleased to announce a significant expansion of its therapy services across the country. 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. Patersons legacy of quality products will be highly complementary to the Hoffmaster Group portfolio. 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. April 20, 2023 Washington, D.C. We are thrilled to add Caring Brands to the Wellspring portfolio, Alexander Carles, co-president of Wellspring Capital, said in the press release. . 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 . Wellspring, previously the majority owner of Help at Home, retained a minority stake after selling the business to Centerbridge Partners and The Vistria Group in November 2020. Courtesy of Arim. 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. The capital of Japan for more than a thousand years, until the mid-19th century . 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. Well, I think were the first organization in the country that now can say we own the full health care continuum.. Managing Director at Wellspring International Capital Partners, LLC 2d Report this post . Other hedge funds and other institutional investors have also made changes to their positions in the company. 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. 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. As we have witnessed over the past year and throughout 2021, the demand for delivering high-quality home-based healthcare services has never been more essential," said Jennifer Sheets, president and CEO of Caring Brands International and Interim HealthCare Inc. "As the leader in the home care industry, we at CBI are excited to be a part of the Wellspring family. Paterson Pacific Parchment Company - Wellspring Capital. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. Nov 2022 - Present5 months. Financial terms of the agreement were not disclosed. By teaming up with strong management, Wellspring is able to unlock underlying value and Financial terms, NEW YORKWellspring Capital Management LLC (Wellspring) today announced the closing of Wellspring Capital Partners V LP (Fund V) with capital commitments totaling $1.2 billion. Posted by MarketBeat News on Mar 4th, 2023. 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. We are Wellspring Capital Management Group LLC. Some of the organizations that we support include: 2022 Wellspring Capital Management Group LLC |. We encourage our portfolio companies to do the same within their own industries. Were pretty sure these two trends are connected. Capital Industrials Lincoln International has advised Private shareholders and FSP CAPCELLENCE on the sale of majority stake in ARGO-HYTOS to Voith 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. Wellspring Financial Advisors LLCs holdings in Amazon.com were worth $1,170,000 at the end of the most recent quarter. Overall, the Caring Brands network includes 550 locations operated by more than 250 franchise owners worldwide. Such statements are based on managements current reasonable and good faith expectations. 1 in the senior care category of Entrepreneur magazines annual Franchise 500. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments. Wellspring Capital has raised over $4.5 billion of initial capital commitments through six private equity funds. 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. First, the world is counting on innovation more now than at any point in the past half-century (at least). Prosek Partners The firm functions as a strategic partner, providing management teams with top-line support, M&A experience, financial expertise and access to resources. Learn More. I am honored to take on the role of CEO and lead this terrific business and talented team,Craycraft said. Nominate a home health future leader who is spearheading the transformation of one of the fastest-growing segments in the healthcare continuum. 12.70% of the stock is currently owned by company insiders. Bridgefront Capital LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $228,000. Help at Home which provides home care to 67,000 clients through its 169 locations in 13 states is reportedly attempting to go public by years end. 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. Fund V is Wellsprings largest fund to date, bringing the firms assets under management to more than $3 billion. Innovative talent drives the aging industry forward. CBI is the twelfth investment from Wellspring Capital Partners Fund V, L.P., a $1.45 billion vehicle raised in January 2018. Swashbuckling feats of high adventure bring a joyful tear to his salty eye. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. War in Ukraine. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The disclosure for this sale can be found here. 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. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments through six private equity funds. Neal will assume the role on Feb. 7, 2022. And here at Wellspring, were investing heavily to help drive those solutions forward for a better tomorrow. Politico, by Gary Fineout Original Article. 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. ABOUT WELLSPRING CAPITAL MANAGEMENT Investment Philosophy; Target Investments; Portfolio Read more from Mike Donald Trump calls for contest to charter 10 new cities on Federal Land. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Their portfolio also includes Chicago-based home care company Help at Home, which care for 67,000 patients through 169 locations in 13 states. The companys franchise business model is unique in health care. Wellspring Capital Management is a leading private equity firm headquartered in New York. Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. Supply chain issues. Financial terms of the transaction were not disclosed. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Founded in 1988 and headquartered in Broken Arrow, Oklahoma, Paragon is a, Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of Center for Diagnostic Imaging (CDI), a leading independent provider of outpatient diagnostic imaging services. 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. The private equity industry publication indicated that multiples in the deal were in the 11x to 12x range of the companys $45 million EBITDA. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. 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. 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. Shell Asset Management Co. Sells 189 Shares of ALLETE, Inc. Tower Research Capital LLC TRC Has $254,000 Position in Daqo New Energy Corp. Industry Bulletin | March 3, 2023 Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Midwest Footprint Receive industry updates and breaking news from HHCN. 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. As of March 1, 2023, the average one-year price target for Eve Holding is $11.98. Hospice News Daily and real-time news and case alerts on organizations, industries, and customized search queries. 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. HOFFMASTER MEDIA CONTACTBree Gaber Krane Funds Advisors LLC grew its holdings in shares of Amazon.com by 239.1% in the first quarter. The deal, announced early Monday, is yet another example of PE players becoming more involved in the home-based care space, especially when it comes to home care franchise organizations. 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. 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. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. 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.. 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). 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. Want to see what other hedge funds are holding AMZN? Financial terms of the transaction were not disclosed. Squash Haven empowers New Haven public school students to strive for and maintain school success and physical, Wellspring Capital Management (Wellspring), a New Yorkbased private equity firm, today announced that it has closed the acquisition of HealthPRO Heritage, a leading provider of contract therapy services across the postacute continuum. NEW YORK, March 15, 2021 /PRNewswire/ -- Wellspring Capital Management ("Wellspring"), a New Yorkbased private equity firm, today announced that it has closed the acquisition of HealthPRO. For more information, visit www.patersonpaper.com. 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. 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. 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. Financial terms of the transaction were not disclosed. A global pandemic. Financial terms of the transaction were not disclosed. Now, six years later, Wellspring is taking the reins. Their most recent acquisition was Caring Brands International on Oct 25, 2021. 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. Equity futures indicate a higher open to begin the month following reports of China's strongest manufacturing PMI reading since 2012. Financing for the transaction came from Adams Street Partners, Blackrock, Madison Capital and AEA Investors. Wellspring School Support System. In addition to hospice and palliative care, the companys franchisees provided home health care, home pediatric care, health care staffing and senior care services. Youve got recent successes like the home health and home care industries really stepping up nationwide and proving themselves during COVID.. On average, analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current year. Innovative talent drives the aging industry forward. Featuring c-suite executives and industry leaders shaping the future of palliative care. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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 . To do our part, Wellspring is committed to employing a DE&I strategy through trainings, recruitment, career advancement opportunities, and philanthropic initiatives. Posted By: Dreadnought, 3/2/2023 1:09:09 AM TALLAHASSEE, Fla. Florida Gov. Why Wellspring Chose to Raise Capital in 2022 by Robert Lowe July 14, 2022 Today, Wellspring announced a significant capital raise. 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. 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. Innovative talent drives the aging industry forward. Investments Number of Investments 2 Wellspring Capital Management has made 2 investments. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. Lincoln International has advised Elas Orium, Capital Export and Argos Wityu on the sale of France Elvateur to Time Manufacturing Company, a portfolio company of H.I.G. Over the past year and throughout 2021, delivery and access to high-quality home-based health care services has never been more essential, and it is rewarding to see such a positive market reaction.. Financial terms of the transaction were not disclosed. All rights reserved. Pro-gamut@prosek.com, 2022 Wellspring Capital Management Group LLC |, Hoffmaster Group, Inc. Acquires Paterson. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group. We appreciate Gamut supporting our strategic initiatives and providing validation of the exciting growth opportunities ahead and look forward to the partnership alongside Wellspring, adds Leyden. Today, Wellspring announced a significant capital raise. "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. Breitbart Africa, by Amy Furr Original Article. COVID vaccines brought to market in record time. 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. Caring Brands was initially acquired by Levine Leichtman Capital Partners in the fall of 2015. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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 . Wellspring Capital Management, founded in 1995, is a middle-market private equity firm that has approximately $2 billion of private equity capital under management. All Rights Reserved. For additional information, please visit www.wellspringcapital.com. Wellspring Capital Management is a leading private equity firm headquartered in New York. Range Financial Group LLC bought a new position in shares of Amazon.com in the first quarter worth about $258,000. 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. You can read the press release to learn more about Resurgens, our new growth partners, and the deal itself. Jim Parker is a subculture of one. NEW YORK , August 23, 2022 Avista Capital Partners ("Avista"), a leading private equity firm focused exclusively on healthcare, today announced the completion of its acquisition of WellSpring Consumer Healthcare ("WellSpring"), a developer and marketer of leading over-the-counter ("OTC") and personal care brands, from Audax Private Equity. Theyre no strangers to the home health marketplace, Kulik said. Wellspring Capital Management is a leading middle-market private equity firm headquartered in New York. Headquarters Location Lever House 390 Park Avenue New York, New York, 10022, United States EXPLORE WELLSPRING'S 2021 ESG REPORT READ THE WELLSPRING ESG POLICY 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. The firm's objective is to bring partnership, experience and value creation to each investment. News March 1, 2023 Wellspring and Skidmore College Bring Pulitzer Prize-Winning Journalist Megan Twohey to Saratoga for Community Event. In addition to acquiring all operating rights of Aardvark, Hoffmaster will also obtain ownership of the. Organizations around the world need to accelerate innovation as never before and we find ourselves uniquely equipped to help them. Wells Fargo & Company dropped their target price on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. 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. Gamut Capital Management is a New York-based private investment firm managing in excess of $2 billion in assets focused on the middle market. Wellspring Capital Management is a leading private equity firm headquartered in New York. For additional information, please visit www.wellspringcapital.com. How do you own it? 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. Robert will assume the role on Jan. 17, 2022. The distribution of these shares was the final step in Wellsprings exit of its successful investment in the Company. Abuja, Federal Capital Territory, Nigeria. Each month will feature a leader from different faith or human. Founded in 1971 in Montgomery,, NEW YORK, NYWellspring Capital Management LLC (Wellspring) and Hancock Park Associates (HPA) today announced that Wellspring has acquired Resco Products, Inc. (Resco or the Company), a leading North American producer of value-added refractory solutions, from HPA. 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. Its also an opportunity for all our clients, and for everyone who works in science-driven innovation, to take a step forward with us. What is a Good Dividend Yield? Swifts management team invested alongside Wellspring in the transaction. 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: . Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. 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. 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.