For additional information, please visit www.wellspringcapital.com. Financial terms of the transaction were not disclosed. A mind-controlled car. 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"). The procedure occurred on February 16th but was not revealed to the public at the time. 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. 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. COVID vaccines brought to market in record time. While the last big wave came several years ago, it appears another one is underway in 2021. In this post, Id like to focus on the bigger picture why it made sense to raise a fresh round of capital, why 2022 was the right time, and why Im deeply excited for Wellsprings future. 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 . 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 billion of initial capital commitments through six private equity funds. The contemporary analogues of that period are once again coalescing, and for many of the same reasons: Global challenges in need of fresh solutions. We are Wellspring Capital Management Group LLC. 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: . 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. Wellspring Capital Management is a leading middle-market private equity firm headquartered in New York. February 28, 2023 by Daniel Gutierrez Leave a Comment. Wellspring also used to own Great Lakes Home Care Services, which merged with Jordan Health Services and National Home Health Care in 2018. 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. 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. Designer Jiun Ho draws inspiration from Kyoto's natural beauty. The firm's objective is to bring partnership, experience and value creation to each investment. Hoffmaster will assume operations for Paterson as part of its family of production facilities. These include lower capital gains tax rates that could rise next year if proposed legislation goes through. Terms of the transaction were not disclosed. Prosek Partners The Fed is nearing the end of its tightening cycle. Significant legal events involving law firms, companies, industries, and government agencies . Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. Receive industry updates and breaking news from Hospice News, What Gentivas Expanded Hospice Presence Means for the M&A Mix, RAND Corp.: Families Report Better Care from Nonprofit Hospices, AAHPM Board President-Elect Holly Yang: Hospice Regulators Need to Consider Perspectives of Bedside Staff. Science and innovation will be key to lighting the path to a brighter future. Telsey Advisory Group cut their price target on shares of Amazon.com from $140.00 to $125.00 and set an outperform rating on the stock in a report on Tuesday, January 24th. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Wellsprings portfolio revenue in 2020 was approximately $4.5 billion, according to the firm. Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. To find out more about Just Better Care visit justbettercare.com. I am honored to take on the role of CEO and lead this terrific business and talented team,Craycraft said. 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. Range Financial Group LLC bought a new position in shares of Amazon.com in the first quarter worth about $258,000. Their most recent acquisition was Caring Brands International on Oct 25, 2021. 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 . Investment Philosophy; Target Investments; Portfolio 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. Other hedge funds and other institutional investors have also made changes to their positions in the company. 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. Hospice News Financial terms of the transaction were not disclosed. Regarding the acquisition, Naishadh Lalwani, a Partner at Wellspring, offered: "We have been strong advocates of high-quality home-based care providers that enable seniors, individuals with medically complex care needs, and others with disabilities to live independently in their homes. Wellspring School Support System. NEW YORK Blackstone (NYSE:BX) and Wellspring Capital Management LLC (Wellspring) today announced that private equity funds affiliated with Blackstone have entered into a definitive agreement to acquire Tradesmen International, LLC (Tradesmen), the leading agency-based provider of outsourced skilled craftsmen to non-residential construction and industrial contractors in North America, from Wellspring. The combined company, which will be headquartered in Cincinnati, Ohio, will have a strategic geographical, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has acquired Qualitor, Inc. (Qualitor or the Company), a leading global supplier of branded aftermarket safety and wear products for the automotive aftermarket, from an affiliate of HCI Equity Partners. Breitbart Africa, by Amy Furr Original Article. Most of those transactions took place around 2015 and 2016, however, with just a handful happening since then. 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. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. 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. 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. I am honored to join Cadence, a market leader with such a rich history in the lubricant distribution industry, Zuzik said. 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Marketing Communications Manager Some of the organizations that we support include: 2022 Wellspring Capital Management Group LLC |. 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. Adding notes to customer records. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. Specializing in, March 9, 2022 HealthPRO Pediatrics is pleased to announce a significant expansion of its therapy services across the country. 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. This lesser-known celebration was created to recognize employees for their hard work, dedication and contributions. News March 1, 2023 Wellspring and Skidmore College Bring Pulitzer Prize-Winning Journalist Megan Twohey to Saratoga for Community Event. 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. 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.". Innovative talent drives the aging industry forward. The fund owned 10,349 shares of the e-commerce giants stock after selling 288 shares during the period. Bridgefront Capital LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $228,000. 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. 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. The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Donald Trump calls for contest to charter 10 new cities on Federal Land. Home Health Care News Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. 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.. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through . In addition to acquiring all operating rights of Aardvark, Hoffmaster will also obtain ownership of the. Financial terms were not disclosed. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Hoffmaster will assume operations for Paterson as part of its family of production facilities. 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.
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