NEWS

Blackstone to Acquire Tradesmen International from Wellspring Capital Management

January 3, 2017

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. Financial terms of the transaction were not disclosed.
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Wellspring Capital to Sell ProAmpac to Pritzker Group

October 17, 2016

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 agreement were not disclosed.
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Wellspring Capital to Sell National Seating & Mobility to Court Square

August 10, 2016

NEW YORK – Wellspring Capital Management LLC ("Wellspring") today announced that it has entered into a definitive agreement to sell its portfolio company National Seating & Mobility ("NSM") to Court Square Capital Partners. Terms of the agreement were not disclosed.
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Wellspring Capital Management Portfolio Company Proampac To Acquire Coating Excellence International
Acquisition Will Further Strengthen Extrusion Lamination Capabilities

December 3, 2015

NEW YORK and CINCINNATI – Wellspring Capital Management today announced that its portfolio company ProAmpac has entered into an agreement to acquire Coating Excellence International (CEI), a flexible packaging and technical products company based in Wrightstown, Wisconsin. CEI specializes in wide web extrusion coating and laminating of film, foil, paper, board and nonwovens and will enhance ProAmpac’s already robust extrusion lamination capabilities.
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Wellspring Capital Management Acquires Advoserv

November 24, 2015

NEW YORK – Wellspring Capital Management LLC (“Wellspring”), a New York-based private equity firm, announced today that it has acquired AdvoServ, a nationally recognized behavioral healthcare provider specializing in clinical, educational and residential services for children and adults with severe intellectual and developmental disabilities and dual diagnoses. Financial terms of the transaction were not disclosed.
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Wellspring Capital Management Forms Leading Flexible Packaging Company
Announces Acquisition of Ampac Holdings, LLC and Simultaneous Merger with Portfolio Company Prolamina Corporation

August 19, 2015

NEW YORK – Wellspring Capital Management LLC (“Wellspring”), a New York-based private equity firm, announced today the creation of a leading flexible packaging company through the merger of portfolio companies Prolamina Corporation and newly acquired Ampac Holdings, LLC.  Financial terms were not disclosed.
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Wellspring Capital Management Acquires Qualitor

November 3, 2014

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. Financial terms of the transaction were not disclosed. READ MORE >>

Wellspring Capital Names Greg Feldman Executive Chairman and William Dawson Chief Executive Officer
Alexander Carles, Joshua Cascade and John Morningstar Named Managing Partners

April 7, 2014

NEW YORK – Wellspring Capital Management LLC, a private equity investment firm with more than $3 billion under management, announced today that Greg S. Feldman, the firm’s co-founder, has been named Executive Chairman and William F. Dawson Jr. has been named Chief Executive Officer. Alexander E. Carles, Joshua C. Cascade and John E. Morningstar have been named Managing Partners of the firm, and will serve in this role along with Carl M. Stanton. READ MORE >>

Wellspring Capital Management Acquires Swift Worldwide Resources

November 4, 2013

NEW YORK – Wellspring Capital Management LLC (“Wellspring”) today announced that it has acquired Swift Worldwide Resources (“Swift” or the “Company”), the premier supplier of skilled manpower resources to the global oil and gas industry, from Gresham Private Equity. Swift’s management team invested alongside Wellspring in the transaction. Financial terms were not disclosed. READ MORE >>

Wellspring Capital Management Recapitalizes API Heat Transfer

May 6, 2013

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. The new credit facility will provide API with additional financial flexibility to invest in its business and enable the Company to pay its investors a dividend. READ MORE >>

Wellspring Capital Management Acquires National Seating & Mobility

January 2, 2013

NEW YORK – Wellspring Capital Management LLC (“Wellspring”) today announced that it has acquired National Seating & Mobility, Inc. (NSM), the nation’s premier provider of complex rehab technology (CRT) solutions for individuals with permanent or long-term mobility loss, from Ridgemont Equity Partners. Financial terms of the transaction were not disclosed. READ MORE >>

Wellspring Capital Management Sells Cleaver-Brooks to Harbour Group

December 20, 2012

NEW YORK – Wellspring Capital Management LLC (“Wellspring”) today announced that it has sold its portfolio company Cleaver-Brooks, Inc. (“Cleaver-Brooks” or the “Company”), a leading provider of boiler room solutions, to Harbour Group. Terms of the transaction were not disclosed.
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Wellspring Capital Management Recapitalizes Checkers Drive-In Restaurants

November 29, 2012

NEW YORK--Wellspring Capital Management LLC (“Wellspring”) announced that its portfolio company Checkers Drive-in Restaurants, Inc. (“Checkers” or the “Company”) has closed on an offering of $160 million in aggregate principal amount of 11.000% senior secured notes due 2017. READ MORE >>

Wellspring Capital Management Distributes Remaining Susser Holdings Shares To Its Limited Partners

November 27, 2012

NEW YORK--Wellspring Capital Management LLC (“Wellspring”) today announced a distribution to its limited partners of the approximately 850,000 remaining shares of its investment in portfolio company Susser Holdings Corporation (NASDAQ: SUSS) (“Susser”). READ MORE >>

Wellspring Capital Management Sells OMNI Energy Services To Gibson Energy

November 1, 2012

NEW YORK--Wellspring Capital Management LLC (“Wellspring”) today announced that it has sold its portfolio company OMNI Energy Services Corp. to Gibson Energy Inc. (TSX: GEI) in a transaction valued at $445 million. READ MORE >>

Wellspring Capital Management Refinances United Sporting Companies’ Existing Debt

October 1, 2012

NEW YORK, NY--Wellspring Capital Management LLC (“Wellspring”) today announced that its portfolio company, United Sporting Companies (“USC”), the holding company for Ellett Brothers, LLC (“Ellett”) and Jerry’s Sport Center Inc. (“JSC”), has completed the refinancing of all of its existing debt. READ MORE >>

Affiliate Of Wellspring Capital Management Acquires API Heat Transfer

April 5, 2012

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. Financial terms of the transaction were not disclosed. READ MORE >>

Wellspring Capital Management Acquires ThermaSys Corporation

January 31, 2012

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... READ MORE >>

Wellspring Capital Management Acquires Resco Products

September 7, 2011

NEW YORK, NY--Wellspring 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. Financial terms of the transaction were not disclosed... READ MORE >>

Prolamina Acquires Packaging Dynamics Business Unit

August 2, 2011

LAKE FOREST, IL--Prolamina 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. Financial terms of the transaction were not disclosed... READ MORE >>

Wellspring Capital Management Acquires Crosman Corporation
from Pamlico Capital

April 18, 2011

EAST BLOOMFIELD, NY--Wellspring Capital Management LLC and Pamlico Capital today announced that Wellspring has acquired Crosman Corporation from Pamlico.  Crosman’s management team, led by CEO Ken D’Arcy, will retain a significant ownership position in the Company and continue to lead its growth in partnership with Wellspring.  Financial terms of the transaction were not disclosed... READ MORE >>

Innovative, High-End Flexible Packaging Supplier to Food & Dairy Industry
to Join New Packaging Company

March 1, 2011

MONTREAL, CANADA--Wellspring 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... READ MORE >>

Fulida Purchases Neucel Specialty Cellulose Ltd. From Wellspring Capital Management

February 4, 2011

PORT ALICE, BC--Fulida Group Holdings Ltd ("Fulida") has purchased Neucel Specialty Cellulose from a consortium of investors led by Wellspring Capital Management. READ MORE >>

Wellspring Capital Management Closes Fund V at $1.2 Billion

November 3, 2010

NEW YORK, NY--Wellspring Capital Management LLC (“Wellspring”) today announced the closing of Wellspring Capital Partners V LP (“Fund V”) with capital commitments totaling $1.2 billion... READ MORE >>

Wellspring Capital Management Acquires Jen-Coat, Inc.
Harold Bevis Named Chairman and CEO of New Holding Company

August 4, 2010

NEW YORK, NY--Wellspring Capital Management LLC (“Wellspring”) announced today that it has acquired Jen-Coat, Inc. (“Jen-Coat” or the “Company”), a leading flexible packaging manufacturer in the food, healthcare and industrial segments, from CGW Southeast Partners...READ MORE >>

OMNI Energy Services Agrees to be Acquired by Wellspring Capital Management
for $2.75 Per Share in Cash

June 4, 2010

CARENCRO, La.--OMNI Energy Services Corp. (NASDAQ GM: OMNI), a leading provider of environmental services and seismic services to the domestic oil and gas industry, today announced that it has entered into a definitive agreement ... READ MORE >>

Wellspring Capital Completes Sale of Dave & Buster's

June 1, 2010

NEW YORK--Wellspring Capital Management LLC today announced the completion of its previously announced sale of Dave & Buster's, Inc. to Oak Hill Capital Partners, in partnership with the company's management team ... READ MORE >>

Wellspring Capital to Sell Dave & Buster’s to Oak Hill Capital Partners for $570 Million

May 3, 2010

DALLAS, TEXAS--Wellspring Capital Management LLC (“Wellspring”) today announced that it has entered into a definitive agreement to sell its portfolio company Dave & Buster’s, Inc. (“Dave & Buster’s”) to Oak Hill Capital Partners (“Oak Hill Capital”) in a transaction valued at approximately $570 million ... READ MORE >>

TA Associates to Acquire Vatterott Educational Centers from Wellspring Capital Management

September 18, 2009

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 ... READ MORE >>