X
Menu
X

Capital Flow

Wicks Group Portfolio Company Acquires IdentityForce Inc.
August 15, 2018 EZShield, a portfolio company of The Wicks Group (“Wicks”) and the leader in digital identity protection and resolution, today announced it has acquired IdentityForce, the #1 rated identity theft protection provider for businesses and consumers. The acquisition expands EZShield’s identity protection ecosystem by nearly 50 percent, providing partners in every industry, businesses of all sizes, and consumers with the most secure capabilities and rapid restoration services. The pervasiveness of cyber fraud incidents and data breaches is estimated to cost $6 trillion annually by 2021. “IdentityForce is a trusted, top-ranked leader in identity theft protection and their business is comprised of a highly customer-centric team of experts who are committed to combatting identity theft,” said Dale Dabbs, President and CEO of EZShield. “Whether it’s EZShield’s focus on exceptional customer service or robust cybersecurity tools, or IdentityForce’s award-winning mobile app and Social Media Identity Monitoring features, our companies bring
Palladium Equity Partners to Invest in Partnership with Owners of Spices Provider
New York and Orlando, FL, July 10, 2018 – Palladium Equity Partners, LLC (along with its affiliates, “Palladium”), a private investment firm with over $2.5 billion in assets under management, today announced that one of its affiliated private equity funds has made an investment in partnership with the owners of Spice World, Inc. (“Spice World” or the “Company”), a leading supplier of garlic and other spices under the Spice World brand. Terms were not disclosed. Founded in 1949 and led by multiple generations of Caneza family members, Spice World offers a broad portfolio of garlic and other spice products in a variety of formats, including fresh, peeled, and minced garlic and other spices sold under the Spice World brand. The Company today distributes its products in the U.S. through a broad customer base, including grocery chains, club stores, and distributors. Palladium will partner with the Spice World management team with
Grain Management to Acquire Nebraska Telecommunications Company
Washington, DC – Grain Management, LLC (Grain), a leading private equity firm focused on investments in the communications sector, announced today that it has entered into a definitive agreement to acquire Great Plains Communications – the largest privately-owned telecommunications provider in Nebraska. “We are enthusiastic about the outstanding performance Great Plains Communications has delivered for its customers, and we are thrilled to partner with the current management team to continue pursuing their vision of being the region’s leading provider of high-quality, fiber-based telecommunications services,” said David Grain, Founder & CEO of Grain Management. Grain will acquire Great Plains Communications from its current owners, whose families have led the company’s growth since 1910, when it began as a local telephone company. Throughout its long history, Great Plains Communications has strategically transitioned itself into a leading regional provider of fiber-based services through significant investment in its state-of-the-art network and facilities. The company
GenNx360 Capital Partners Acquires Precision Aviation Group
GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm which invests in middle market business services and industrial companies is pleased to announce its acquisition of Precision Aviation Group, Inc. (“PAG” or the “Company”), effective July 26, 2018. PAG, established in 1993, is a leading provider of maintenance, repair and overhaul (MRO) and supply chain solutions for fixed and rotary-wing aircrafts serving diverse end markets. Headquartered in Atlanta, Georgia, the Company operates out of nine locations in the United States, Canada, Australia, Brazil and Singapore. “PAG is a leading provider of MRO services with a talented management team and a lot of growth potential.” said Daphne Dufresne, the GenNx360 Managing Partner who led the transaction. “PAG operates in a space that we know well and can add value through our industry relationships and operating initiatives. We look forward to working alongside management to capitalize on future growth opportunities.” David
Clearlake to Sell Automotive Interior Materials Supplier
Santa Monica, CA and Greenville, SC – July 19, 2018 – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced a definitive agreement to sell Sage Automotive Interiors (“Sage” or the “Company”) to an affiliate of Asahi Kasei Corporation (TSE: 3407, “Asahi Kasei”). The transaction is subject to customary closing conditions and regulatory approvals. Sage is a leading global supplier of specialty designed, high-performance technical textiles and microfiber suedes for the automotive industry. During Clearlake’s four-year ownership, Sage executed on an investment thesis focused on transforming the Company into a diversified global platform. In partnership with management, Clearlake implemented its O.P.S.® framework. Organic growth initiatives at Sage focused on expanding the Company’s product offering and sales reach in Europe and Asia. These were supplemented by successfully executing on several strategic acquisitions, including the acquisitions of Miko S.r.l. and Apollo S.p.A. in Italy, which enabled the Company to expand
Pharos Capital’s Family Treatment Network Acquires CCMC School
DALLAS and NASHVILLE, Tenn., June 13, 2018 /PRNewswire/ — Pharos Capital Group, LLC (“Pharos”), through its Family Treatment Network platform (“FTN”), announced today that it has acquired the CCMC School, based in New Britain, CT. Additional terms of the transaction were not disclosed. The CCMC School, an affiliate of Connecticut Children’s Medical Center, provides comprehensive special education for students, from age five to 21, who require intensive intervention due to a range of behavioral, emotional and learning challenges. The CCMC School, which will be known as Solterra Academy following the end of the summer 2018 session, serves more than 100 children annually. Pharos established its Family Treatment Network platform to manage its investments in special schools, psychiatric residential treatment centers and community-based programs for children, adolescents and their families. Gwen Killheffer, Ed.D., principal of the CCMC School, and her team of highly specialized and trained administrators, teachers, and clinicians will
Grain Management Acquires Telecommunications Provider
June 19, 2018 – Washington, DC – Grain Management, LLC (Grain), a leading private equity firm focused on investments in the communications sector, announced today that it has entered into a definitive agreement to acquire Great Plains Communications – the largest privately-owned telecommunications provider in Nebraska. “We are enthusiastic about the outstanding performance Great Plains Communications has delivered for its customers, and we are thrilled to partner with the current management team to continue pursuing their vision of being the region’s leading provider of high-quality, fiber-based telecommunications services,” said David Grain, Founder & CEO of Grain Management. Grain will acquire Great Plains Communications from its current owners, whose families have led the company’s growth since 1910, when it began as a local telephone company. Throughout its long history, Great Plains Communications has strategically transitioned itself into a leading regional provider of fiber-based services through significant investment in its state-of-the-art network and
Web.com to be Acquired by Siris Capital Affiliate in Deal Valued at Roughly $2 Billion
JACKSONVILLE, Fla, June 21, 2018 – Web.com Group, Inc. (NASDAQ: WEB), a leading global provider of a full range of Internet services and online marketing solutions for small and medium‐sized businesses, today announced that it has entered into a definitive agreement to be acquired by an affiliate of Siris Capital Group, LLC in an all-cash transaction valued at approximately $2 billion. Under the terms of the agreement, which has been unanimously approved by the members of Web.com’s board of directors, an affiliate of Siris will acquire all of the outstanding common stock of Web.com for $25.00 per share in cash. The purchase price represents a 30% premium over Web.com’s 90-day volume-weighted average price ended on June 19, 2018. A special meeting of Web.com’s shareholders will be held as soon as practicable following the filing of a definitive proxy statement with the U.S. Securities and Exchange Commission (“SEC”) and subsequent mailing
GTCR and Sycamore Partners Complete Acquisition of CommerceHub
May 21, 2018 – Affiliates of GTCR and Sycamore Partners, two leading private equity firms, today announced the closing of the acquisition of CommerceHub, Inc. (“CommerceHub” or the “Company”), a leading distributed commerce network for retailers and brands. “The closing of this transaction represents a new and exciting chapter for CommerceHub,” said Frank Poore, CommerceHub’s Founder, President and CEO, who will continue in these roles. “GTCR and Sycamore Partners each bring deep industry expertise to help us to execute our vision for the future of retail. Together, we look forward to accelerating the development of CommerceHub’s platform to transform how retailers and brands drive growth through ecommerce.” “CommerceHub benefits from a highly strategic position in ecommerce due to its differentiated platform that enables retailers’ most critical growth strategies,” said Mark Anderson, Managing Director of GTCR. “We are excited to build on CommerceHub’s momentum and deliver on its vision for a
Clearlake Capital Portfolio Company Acquires Automotive Products Provider
SANTA MONICA, CA and GREENWOOD VILLAGE, CO – June 4, 2018 – Wheel Pros, a leading designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories, today announced that it has completed the acquisition of Amcor Industries, Inc. (d/b/a Gorilla Automotive Products) (“Gorilla”), a leading designer and distributor of branded automotive aftermarket lug nuts and wheel locks. Financial terms of the transaction were not disclosed. Gorilla designs, manufactures, and sells branded lug nuts, wheel locks, and accessories to retailers across North America, adding a complementary portfolio of aftermarket accessories to Wheel Pros’ expanding selection of products. Wheel Pros currently serves more than 10,000 retailers with a global network of 33 distribution centers spanning North America and Australia. The Company has a portfolio of 12 proprietary brands with more than 300 custom wheel styles, including some of the most recognized designs in the industry. “We are excited to welcome