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The forecasts range from a low of $10.10 to a high of $14.18. Headquarters Location Lever House 390 Park Avenue New York, New York, 10022, United States In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. 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. The contemporary analogues of that period are once again coalescing, and for many of the same reasons: Global challenges in need of fresh solutions. Before becoming a reporter, and then editor, for HHCN, Andrew received journalism degrees from the University of Iowa and Northwestern University. Overall, the Caring Brands network includes 550 locations operated by more than 250 franchise owners worldwide. Why Wellspring Chose to Raise Capital in 2022 Each month will feature a leader from different faith or human. Hoffmaster Group, Inc. Acquires Paterson Pacific Parchment Company JP Morgan Initiates Coverage of Eve Holding (EVEX) with Overweight In addition, seller Levine Leichtman bought the company in 2015, so the asset is in the range in which PE firms usually sell about 4 to 7 years. Alberta premier says landing missed on limp handshake with prime minister Through it all, weve seen two enduring trends. Financial terms of the transaction were not disclosed. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised Alexander Carles, Co-President of Wellspring Capital, added: "We are thrilled to add CBI to the Wellspring portfolio. Lucianne.com News Forum - Russia loses major tank battle for Vuhledar 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. Terms of the transaction were not disclosed. 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. Civilians flying into space. Today, Wellspring announced a significant capital raise. Featuring c-suite executives and industry leaders shaping the future of palliative care. A mind-controlled car. Established in 1946, Resco is a leading provider of custom-designed premium-quality, LAKE FOREST, ILProlamina Corporation (Prolamina or the Company) announced today that it has signed a definitive acquisition agreement to acquire certain assets and a defined book of business from Packaging Dynamics Corporation (Packaging Dynamics) located in Kaukauna, Wisconsin. Wellspring Capital Management is a leading private equity firm headquartered in New York. 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. War in Ukraine. This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements. The capital of Japan for more than a thousand years, until the mid-19th century . "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.". Nov 2022 - Present5 months. Financial terms were not disclosed. 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. Wellspring CEO takes leave after explosive rape allegations against his son 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 . The private equity industry publication indicated that multiples in the deal were in the 11x to 12x range of the companys $45 million EBITDA. Wellspring Capital Acquires Rohrer Corporation | Markets Insider 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. 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 . In January 2012, the same Wellspring affiliate, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has acquired ThermaSys Corporation (ThermaSys or the Company), a leading manufacturer of a wide range of heat exchangers and heat exchange equipment, from an affiliate of Sun Capital Partners, Inc. Financial terms of the transaction were not disclosed. La Chaux-de-Fonds - Wikipedia Talk about your Friday news dump. Bonds haven't been this attractive since 2008. 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. There's a genuine sense not just of excitement, but surprise, in country star Sara Evans' voice as she bwegins talking about her latest album, "Copy That," in a recent phone interview. According to data from MarketBeat, Amazon.com has a consensus rating of Moderate Buy and an average target price of $144.87. In addition to acquiring all operating rights of Aardvark, Hoffmaster will also obtain ownership of the. About Us - Wellspring Capital Donald Trump calls for contest to charter 10 new cities on Federal Land. 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). Their most recent acquisition was Caring Brands International on Oct 25, 2021. Avista Capital Partners Acquires WellSpring Consumer Healthcare Aspen Education Group - Wikipedia LEARN MORE, SPONSORED BY: 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. Over the past 20 years, Wellspring has invested in over 35 platform investments across various segments of the U.S. and global economies. Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. 12.70% of the stock is currently owned by company insiders. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Some of the organizations that we support include: 2022 Wellspring Capital Management Group LLC |. 20230304 Joe Biden Didn't Win Daily Thread - The Q Tree The fund owned 10,349 shares of the e-commerce . Paterson Pacific Parchment Company - Wellspring Capital. Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group Effective Jan. 17, 2022. Hoffmaster Group acquires Nevada paper company | Latest News ABOUT GAMUT CAPITAL MANAGEMENT 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. 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. Read more from Mike 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. Posted by MarketBeat News on Mar 4th, 2023. Bridgefront Capital LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $228,000. I think this is a part of their comfort zone, and this is an adjacent business to Help at Home. Terms of the transaction were not disclosed. Shell Asset Management Co. Reduces Stock Position in Outset Medical, Inc. ACADIA Pharmaceuticals Inc. Shares Sold by Credit Suisse AG, UBS Group AG Has $3.41 Million Position in Builders FirstSource, Inc. (NYSE:BLDR), Caseys General Stores, Inc. (NASDAQ:CASY) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund, Shell Asset Management Co. Sells 189 Shares of ALLETE, Inc. (NYSE:ALE), Tower Research Capital LLC TRC Has $254,000 Position in Daqo New Energy Corp. (NYSE:DQ), Shell Asset Management Co. Reduces Stock Position in Outset Medical, Inc. (NASDAQ:OM), ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) Shares Sold by Credit Suisse AG, MetLife Investment Management LLC Acquires 11,660 Shares of Chicos FAS, Inc. (NYSE:CHS), Envestnet Asset Management Inc. Has $4.66 Million Stake in Kontoor Brands, Inc. (NYSE:KTB), Canada Pension Plan Investment Board Sells 900 Shares of NovoCure Limited (NASDAQ:NVCR), MetLife Investment Management LLC Has $313,000 Holdings in Sovos Brands, Inc. (NASDAQ:SOVO), Healthcare of Ontario Pension Plan Trust Fund Increases Stock Holdings in MSA Safety Incorporated (NYSE:MSA), Healthcare of Ontario Pension Plan Trust Fund Sells 150,965 Shares of Dropbox, Inc. (NASDAQ:DBX), Healthcare of Ontario Pension Plan Trust Fund Buys New Position in Ovintiv Inc. (NYSE:OVV), Healthcare of Ontario Pension Plan Trust Fund Takes Position in FMC Co. (NYSE:FMC), Healthcare of Ontario Pension Plan Trust Fund Sells 9,555 Shares of Sotera Health (NYSE:SHC), GXO Logistics, Inc. (NYSE:GXO) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund, Extra Space Storage Inc. (NYSE:EXR) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund, Hsbc Holdings PLC Invests $820,000 in Fox Factory Holding Corp. (NASDAQ:FOXF), Blueprint Medicines Co. (NASDAQ:BPMC) Shares Sold by Dimensional Fund Advisors LP, Tower Research Capital LLC TRC Lowers Stock Position in Bank OZK (NASDAQ:OZK). Video - Scientists Find Corridor Inside Great Pyramid of Giza: 'Most Important Discovery of 21st Century'. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. 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. In addition to hospice and palliative care, the companys franchisees provided home health care, home pediatric care, health care staffing and senior care services. 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. To find out more about Just Better Care visit justbettercare.com. 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. *Updating customer records after each interaction. Well, I think were the first organization in the country that now can say we own the full health care continuum.. Lucianne.com News Forum - DeSantis may remove another Florida When he's not writing about health care, he makes himself miserable by indulging in Chicago sports. Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Wellspring Capital Management is a middle-market private equity financing firm. CBI is the twelfth investment from Wellspring Capital Partners Fund V, L.P., a $1.45 billion vehicle raised in January 2018. Wellspring is deeply committed to enhancing diversity, equity, and inclusivity with the goal of increasing diverse representation within the financial services industry. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. 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. After Geneva, Lausanne and Fribourg, it is the fourth largest city located in the Romandie, the French-speaking part of the country, with a population (as of December 2020) of 36,915. Financial terms of the transaction were not disclosed. Wellspring is no stranger to the home health care marketplace. The refinancing was effected through the purchase and retirement of $103.0 million of debt., NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that an affiliate has acquired API Heat Transfer Inc. (API Heat Transfer), one of the largest full-service producers of industrial heat exchangers and heat transfer systems, from Industrial Growth Partners. Wellspring Capital Management - Crunchbase This represents an opportunity far beyond Wellsprings own growth interests. 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. Middle Market Private Equity. Wellspring is committed to helping nonprofit organizations providing critical private support to our communities and at-risk populations. PE-backed Hoffmaster Group buys foodservice and paper products firm 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. Wellspring acquired OMNI in October 2010 in a take-private transaction valued at $122 million. I am excited, CHARLOTTE, N.C., January 5, 2022 Cadence Group today announced that Robert Craycraft has been selected as Cadence Groups new chief executive officer. Wellspring Capital - Middle Market Private Equity from 8 AM - 9 PM ET. Widening its reach to now include Kentucky, Virginia, Georgia, Texas, and California, HealthPRO is excited to offer services to kiddos across 38 states. Abuja, Federal Capital Territory, Nigeria. Jim Parker is a subculture of one. Fulida, together with Zhejiang Fulida Ltd, which had established a minority equity position along with a strategic supply agreement with Neucel in 2010, is now assuming full ownership of the company. 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. Analyst Price Forecast Suggests 119.51% Upside. Ukrayinska Pravda (Ukraine), by Staff Original Article. 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. Hospice News is the leading source for news and information covering the hospice industry. Mai Huyen Nguyen - School Librarian cum Educational - LinkedIn 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 . 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). LEARN MORE. 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the coming years, three critical capabilities will determine who succeeds and indeed, to what degree we all succeed collectively in the new golden age of innovation: Wellspring already provides software and solutions for all three of these foundational needs. Marketing Communications Manager Wellspring Financial Advisors LLC Trims Stake in Amazon.com, Inc Wellspring Capital Management - Investments, Portfolio & Company Exits Franchise owners in the network range from large private equity investors to mom-and-pop startups, some of which have been in the owners families for two or three generations. SPONSORED BY: 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.. Above the Trend Line: your industry rumor central is a recurring feature of insideBIGDATA. HOFFMASTER MEDIA CONTACTBree Gaber 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. 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. Wellspring Capital has raised over $4.5 billion of initial capital commitments through six private equity funds. 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. Pentec Health Inc. Acquired by Wellspring Capital Management - PRWeb From left: John Meakin, vice president, commercial financial consultant at Rockland Trust; Charles Gray, business banking officer at Rockland . Besides those tailwinds, the biggest advantage the home care industry has, both domestically and abroad, is a rapidly aging population. 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. Wellspring Capital-Backed RAYUS Radiology Acquires Diagnostic Centers Posted By: Imright, 3/2/2023 6:17:00 PM A hidden corridor was found recently inside the Great Pyramid of Giza in Egypt, thanks to researchers' year-long effort. 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. Financial terms of the agreement were not disclosed. Mar 1, 2023. Human-like AI programs. Financial terms of the transaction were not disclosed. La Chaux-de-Fonds (French pronunciation: [laodf]) is a Swiss city in the canton of Neuchtel.It is located in the Jura mountains at an altitude of 1000 m, a few kilometers south of the French border. Wellspring Capital Management is a leading private equity firm headquartered in New York. Lincoln International's Global Industrials Group Reports Another Strong . Caring Brands was initially acquired by Levine Leichtman Capital Partners in the fall of 2015. Across our business, everywhere we look, weve found new growth opportunities. Yet this period also yielded profound advancements. Over the past six years, there have been around a dozen large-scale home-based care franchises acquired, with private equity typically leading the charge. Saratoga-area interfaith breakfast moves to new site Privacy - Wellspring Capital NEW YORK Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of SupplyOne Inc., a leading value-added distributor and converter of packaging products. *Tracking student experiences across online and offline channels, devices etc. February 28, 2023 by Daniel Gutierrez Leave a Comment. 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.". Our principal place of business is at 605 Third Avenue, 44th Floor, New York, NY ( "Wellspring Capital" or " we ", " us " or " our "). Industry Bulletin | March 3, 2023 Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands Midwest Footprint Image by Nattanan Kanchanaprat from Pixabay, 2023 Wellspring Worldwide. Were pretty sure these two trends are connected. Cision Distribution 888-776-0942 LEARN MORE, SPONSORED BY: ABOUT WELLSPRING CAPITAL MANAGEMENT Nominate a future leader who is redefining the standard of hospice care. Founded in 2015, Gamuts senior deal professionals have executed investments in over 50 companies in North America and Europe. Innovative talent drives the aging industry forward. Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $2 billion of private equity capital. Significant legal events involving law firms, companies, industries, and government agencies . Bonds haven't been this attractive since 2008 The fund owned 10,349 shares of the e-commerce giants stock after selling 288 shares during the period. Wellspring Capital Management is a leading private equity firm headquartered in New York. Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $4.4 billion of private equity capital. 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. 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