Wellspring Capital Names Jeffrey Gould Head of Marketing and Investor Relations
NEW YORK – Wellspring Capital Management LLC (“Wellspring”), a New York-based private equity firm, today announced that it has appointed Jeffrey A. Gould as Head of Marketing and Investor Relations. William F. Dawson Jr., Chief Executive Officer of Wellspring said, “We are pleased to welcome Jeff to the Wellspring team. He brings 17 years of… Read more.
Hoffmaster Group, Inc.® Acquires Aardvark® Straws
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. Aardvark, owned by Precision Products Group, Inc. (PPG), began manufacturing paper straws in 2007. In addition to acquiring all operating rights of Aardvark, Hoffmaster will also obtain ownership of the… Read more.
Wellspring Capital Acquires SupplyOne
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. Financial terms of the transaction were not disclosed. Read more.
Blackstone to Acquire Tradesmen International from Wellspring Capital Management
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… Read more.
Wellspring Capital to Acquire Hoffmaster Group
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. Financial terms of the agreement were not disclosed. Founded in 1947, Hoffmaster is a leading… Read more.
Wellspring Capital to Sell ProAmpac to Pritzker Group
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. Wellspring formed ProAmpac in August 2015 through the merger of Prolamina Corporation and… Read more.
Wellspring Capital to Sell National Seating & Mobility to Court Square
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. Founded in 1992, NSM has grown into North America’s premier Complex Rehab Technology provider, with… Read more.
Wellspring Capital Management Portfolio Company Proampac To Acquire Coating Excellence International Acquisition Will Further Strengthen Extrusion Lamination Capabilities
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… Read more.
Wellspring Capital Management Forms Leading Flexible Packaging Company Announces Acquisition of Ampac Holdings, LLC and Simultaneous Merger with Portfolio Company
NEW YORK–Wellspring Capital Management LLC, 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. The combined company, which will be headquartered in Cincinnati, Ohio, will have a strategic geographical… Read more.
Wellspring Capital Management Acquires Qualitor
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. Headquartered in Michigan and operating… Read more.
Wellspring Capital Names Greg Feldman Executive Chairman and William Dawson Chief Executive Officer Alexander Carles, Joshua Cascade and John Morningstar
NEW YORK, NY–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… Read more.
Wellspring Capital Management Acquires Swift Worldwide Resources
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. Headquartered in… Read more.
Wellspring Capital Management Recapitalizes API Heat Transfer
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… Read more.
Wellspring Capital Management Acquires National Seating & Mobility
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. Headquartered in Nashville, Tennessee, NSM… Read more.
Wellspring Capital Management Sells Cleaver-Brooks to Harbour Group
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. Since acquiring Cleaver-Brooks in June 2008, Wellspring and management worked closely to leverage the Company’s… Read more.
Wellspring Capital Management Recapitalizes Checkers Drive-In Restaurants
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.  The Company used the net proceeds of this offering to refinance the Company’s existing debt and to… Read more.
Wellspring Capital Management Distributes Remaining Susser Holdings Shares To Its Limited Partners
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”). The distribution of these shares was the final step in Wellspring’s exit of its successful investment in the Company. Wellspring acquired Susser in… Read more.
Wellspring Capital Management Sells OMNI Energy Services To Gibson Energy
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. Wellspring acquired OMNI in October 2010 in a take-private transaction valued at $122 million. At the time, OMNI operated primarily in the Gulf… Read more.
Wellspring Capital Management Refinances United Sporting Companies’ Existing Debt
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. The refinancing was effected through the purchase and retirement of $103.0 million of debt.… Read more.
Affiliate Of Wellspring Capital Management Acquires API Heat Transfer Will Partner With ThermaSys Corporation to Expand Product and Service Offerings
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. In January 2012, the same Wellspring affiliate… Read more.
Wellspring Capital Management Acquires ThermaSys Corporation
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. Founded in 1971 in Montgomery,… Read more.
Wellspring Capital Management Acquires Resco Products
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. Established in 1946, Resco is a leading provider of custom-designed premium-quality… Read more.
Prolamina Acquires Packaging Dynamics Business Unit
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. The acquisition will encompass Packaging Dynamics’ extrusion laminating, 10-color… Read more.
Wellspring Capital Management Acquires Crosman Corporation from Pamlico Capital
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. Founded… Read more.
Innovative, High-End Flexible Packaging Supplier to Food & Dairy Industry to Join New Packaging Company
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. The team, assets and know-how of Excel Pac join Jen-Coat and a new greenfield… Read more.
Fulida Purchases Neucel Specialty Cellulose Ltd. From Wellspring Capital Management
PORT ALICE, BC–Fulida Group Holdings Ltd (“Fulida”) has purchased Neucel Specialty Cellulose from a consortium of investors led by Wellspring Capital Management. 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. Financial terms… Read more.
Wellspring Capital Management Closes Fund V at $1.2 Billion
NEW YORK–Wellspring Capital Management LLC (“Wellspring”) today announced the closing of Wellspring Capital Partners V LP (“Fund V”) with capital commitments totaling $1.2 billion. Fund V is Wellspring’s largest fund to date, bringing the firm’s assets under management to more than $3 billion.  Fund V’s limited partners include leading institutional investors from the U.S., Canada,… Read more.
Wellspring Capital Management Acquires Jen-Coat, Inc. Harold Bevis Named Chairman and CEO of New Holding Company
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. Jen-Coat is the first subsidiary of a new holding company formed by Wellspring and industry executive Harold Bevis. Financial terms… Read more.
OMNI Energy Services Agrees to be Acquired by Wellspring Capital Management for $2.75 Per Share in Cash
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 under which an affiliate of Wellspring Capital Management LLC (“Wellspring”) will acquire all of OMNI’s outstanding shares for $2.75 per share… Read more.
Wellspring Capital Completes Sale of Dave & Buster’s
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. The aggregate value of the transaction was approximately $570 million. Dave & Buster’s was acquired by Wellspring Capital in 2006. About Wellspring Capital Management… Read more.
TA Associates to Acquire Vatterott Educational Centers from 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”). Vatterott, headquartered in St. Louis, Missouri, is one of the leading providers of career-oriented post-secondary education in the… Read more.