Wellspring Capital has raised over $4.5 billion of initial capital commitments through six private equity funds. Innovative talent drives the aging industry forward. 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). 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). Overall, the Caring Brands network includes 550 locations operated by more than 250 franchise owners worldwide. Capital Industrials Lincoln International has advised Private shareholders and FSP CAPCELLENCE on the sale of majority stake in ARGO-HYTOS to Voith Innovative talent drives the aging industry forward. The acquisition will encompass Packaging Dynamics extrusion laminating, 10-color, EAST BLOOMFIELD, NYWellspring Capital Management LLC and Pamlico Capital today announced that Wellspring has acquired Crosman Corporation from Pamlico. Headquartered in, NEW YORK Wellspring Capital Management LLC (Wellspring) announced today that its portfolio company API Heat Transfer (API or the Company) has completed a recapitalization, including a new $300 million first-lien credit facility. Their portfolio also includes Chicago-based home care company Help at Home, which care for 67,000 patients through 169 locations in 13 states. 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. 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.. Terms of the transaction were not disclosed. 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. Its been just over seventy-five years since Vannevar Bush delivered his seminal report on Science: The Endless Frontier. 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. 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. Aardvark, owned by Precision Products Group, Inc. (PPG), began manufacturing paper straws in 2007. Wellspring Capital Announces Organizational Updates and New Hires The firm's objective is to bring. Today, Wellspring announced a significant capital raise. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Capitol Pain Institute Acquires Wellspring Pain Solutions, Expands 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Patersons Nevada location increases access to the West, strengthening our national footprint. I am honored to take on the role of CEO and lead this terrific business and talented team,Craycraft said. Why Wellspring Chose to Raise Capital in 2022 by Robert Lowe July 14, 2022 Today, Wellspring announced a significant capital raise. 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. Second, Wellsprings business has continued to grow, and grow, and grow. 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. 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. Wellspring Capital Management is a leading private equity firm headquartered in New York. Accepting submissions for 2023 starting February 1st. Massive opportunities to build a better world. Shell Asset Management Co. Sells 189 Shares of ALLETE, Inc. Tower Research Capital LLC TRC Has $254,000 Position in Daqo New Energy Corp. What is a Good Dividend Yield? The procedure occurred on February 16th but was not revealed to the public at the time. Terms of the transaction were not disclosed. Wellspring Capital Management Acquires Caring Brands International Lincoln International's Global Industrials Group Reports Another Strong Headquarters Location Lever House 390 Park Avenue New York, New York, 10022, United States Financial terms of the transaction were not disclosed. 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. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. There have been four major home care franchisers acquired in 2021, with PE buyers driving three of those transactions. Besides those tailwinds, the biggest advantage the home care industry has, both domestically and abroad, is a rapidly aging population. Wolf. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised For additional information, please visit www.wellspringcapital.com. LEARN MORE, SPONSORED BY: During the same period in the previous year, the business earned $1.39 EPS. Analyst Price Forecast Suggests 119.51% Upside. 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.. Hospice News is the leading source for news and information covering the hospice industry. Were pretty sure these two trends are connected. 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. 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. For more information, visit www.patersonpaper.com. Wellspring Capital Management is a leading private equity firm headquartered in New York. Financial terms of the agreement were not disclosed. 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. document.write(new Date().getFullYear()); Wellspring Capital Acquires Caring Brands International Financial terms 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. Hedge funds and other institutional investors own 57.64% of the companys stock. April 20, 2023 Washington, D.C. Terms of the transaction were not disclosed. Wellspring is committed to helping nonprofit organizations providing critical private support to our communities and at-risk populations. All Rights Reserved. We are Wellspring Capital Management Group LLC. Financing for this transaction was provided by Adams Street Partners, Blackrock, Madison Capital and AEA Investors. The forecasts range from a low of $10.10 to a high of $14.18. Prosek Partners 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. HHCN is part of the Aging Media Network. 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. Wellspring Capital Management Acquires Paragon Films Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. Terms of the agreement were not disclosed. Investments Number of Investments 2 Wellspring Capital Management has made 2 investments. 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. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. Receive industry updates and breaking news from HHCN. Wellspring Capital Management LLC : Articles :: Law360 Caring Brands is headquartered in Sunrise, FL. Wellspring Capital Management Acquires Cadence Petroleum Group Wellspring is no stranger to the home health care marketplace. Pentec Health Inc. Acquired by Wellspring Capital Management 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. Innovative talent drives the aging industry forward. Hoffmaster Group, Inc. Acquires Paterson Pacific Parchment Company Wellspring Capital Management is a leading private equity firm headquartered in New York. 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 . CBI 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.". The company in 2020 ranked No. SPONSORED BY: Russia loses major tank battle for Vuhledar due to ambushes NYT. The White House has released a statement from Joe Biden's doctor stating that the president had "cancerous tissue" removed.