Pentec Health And Lobe Sciences Announce Exclusive Distribution Agreement, Initial Availability Of Altemia, First U.s. Medical Food For People With
Glen Mills, Pa. – Sept. 21, 2023 – Pentec Health, Inc. (Pentec) and Lobe Sciences Ltd. (CSE: LOBE) (OTCQB: LOBEF) (“Lobe” or the “Company”) are pleased to announce an exclusive U.S. distribution agreement and the initial availability of Altemia™ – the first medical food in the U.S. designed specifically for children and adults with sickle cell… Read more.
Rohrer Corporation Announces New Senior Vice President, Sales & Marketing
WADSWORTH, Ohio, Aug. 29, 2023 — Rohrer Corporation, a leading retail-packaging designer and manufacturer, this week announced the addition of a key new executive to its leadership team. Scott Sumser has been named Senior Vice President, Sales & Marketing. Scott is a seasoned leader and has leveraged his experiences in Brand building, new product innovation… Read more.
Airswift Pens Agreement To Acquire Energy Resourcing
August 8th 2023, Houston, TX – Airswift, the global workforce solutions provider, today signs an agreement to acquire Energy Resourcing, Worley’s global recruitment and contractor management business. On completion, the move is set to create the world’s most forward-thinking workforce solutions provider serving the energy, process, infrastructure, mining, construction and technology sectors. Airswift aims to complete the transaction by the end of August 2023. Harnessing… Read more.
Pentec Health’s Acquisition Of Zoia Pharma Provides People With Phenylketonuria (Pku) Access To The Pku Golike® Family Of Medical Food
Glen Mills, Pa. – JULY 18, 2023 – ZOIA Pharma, the only medical food provider in the U.S. focused exclusively on supporting the rare disease community, has been acquired by Pentec Health, Inc. (Pentec), ensuring more people with rare conditions have improved access to a complete range of medical foods. That includes patients with phenylketonuria (PKU),… Read more.
Market Leader Pentec Health Transforming As Complex Care Provider, Expanding Into Adjacent Underserved Clinical Nutrition, Specialty Care Markets
Glen Mills, Pa. – JUNE 21, 2023 Pentec Health, Inc., a leading provider of healthcare services for complex care challenges, is transforming into a Complex Care Provider to reflect the expansion of its market-leading expertise into adjacent emerging and underserved areas of clinical nutrition and specialty care. Pentec Health’s (Pentec) modernized brand, including website and logo… Read more.
Rohrer Strengthens Leadership Team with Two New Executives to Drive Innovation and Growth
WADSWORTH, Ohio, June 13, 2023 /PRNewswire/ — Rohrer Corporation, a leading retail-packaging designer and manufacturer, this week announced the addition of two key executives to its leadership team. “Aligning our business around key value streams is a meaningful step for our organization as we sharpen our focus on growth,” said Tim Swanson, CEO of Rohrer… Read more.
Pentec Health Names Matthew Deans President and Chief Executive Officer, Continuing Focus on Strategic Growth and Expansion of Patient Care
Pentec Health Names Matthew Deans President and Chief Executive Officer, Continuing Focus on Strategic Growth and Expansion of Patient Care Services and Products to Address Complex Care Needs Glen Mills, PA – April 10, 2023 – Pentec Health Inc., a nationwide leader in providing patient-specific compounded sterile medications and complex in-home clinical services, announced today… Read more.
HealthPRO Heritage’s CEO John Heller Retires; Maxine Hochhauser to Join as New Leader

(March 31, 2023) — HealthPRO Heritage announces the retirement of founder and CEO John Heller after 16 years of leadership. Maxine Hochhauser will join the rehab and health innovations company as CEO on April 24. Under his leadership, Mr. Heller grew HealthPRO Heritage into a $500M national health services provider with business in 43 states… Read more.
Rohrer Welcomes New CEO Tim Swanson
WADSWORTH, Ohio, March 16, 2023 /PRNewswire/ — Rohrer Corporation is pleased to announce the appointment of Tim Swanson as its new Chief Executive Officer effective immediately. Tim Swanson brings broad business experience and a proven track record of success across multiple industries. He has held various senior executive positions at leading companies where he has… Read more.
Hoffmaster Group, Inc. Acquires 
Paterson Pacific Parchment Company
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. Hoffmaster will assume operations for Paterson as part of its family of production facilities. Specializing in… Read more.
HealthPRO Pediatrics Continues U.S. Expansion to Serve More Kids + Support Families
March 9, 2022 – HealthPRO Pediatrics is pleased to announce a significant expansion of its therapy services across the country. Widening its reach to now include Kentucky, Virginia, Georgia, Texas, and California, HealthPRO is excited to offer services to kiddos across 38 states. Headquartered in Hunt Valley, Maryland, HealthPRO Pediatrics is a national leading provider… Read more.
SupplyOne Announces Leadership Changes
Newtown Square, Pennsylvania, February 25, 2022 – SupplyOne, Inc., the largest independent supplier of corrugated and other value-added packaging products, equipment, and services in the U.S., announced today that Bill Leith, the Company’s founder, has become its Executive Chairman, and Todd Renehan has been appointed the Company’s President and Chief Executive Officer. Renehan joined SupplyOne… Read more.
Cadence Group, a Wellspring-Backed Company, Appoints Neal Zuzik as COO of Cadence Group
ASHEBORO, N.C., February 7, 2022  – Cadence Group today announced that Neal Zuzik has been selected as Cadence Group’s new chief operating officer. Neal will assume the role on Feb. 7, 2022. “I am honored to join Cadence, a market leader with such a rich history in the lubricant distribution industry,” Zuzik said. “I am excited… Read more.
Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group
CHARLOTTE, N.C., January 5, 2022 – Cadence Group today announced that Robert Craycraft has been selected as Cadence Group’s new chief executive officer. Robert will assume the role on Jan. 17, 2022. “I am honored to take on the role of CEO and lead this terrific business and talented team,” Craycraft said. “Leveraging my 30 years of… Read more.
Wellspring Sells Paragon Films To Rhône Group
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 Rhône. Financial terms of… Read more.
Rohrer Corporation Acquires Jay Packaging Group
WADSWORTH, OHIO, Dec. 16, 2021 – Rohrer Corporation, a leading retail-packaging designer and manufacturer, today announced that it has closed the acquisition of Jay Packaging Group, a premier specialty printing and thermoforming company. The addition of Jay Packaging Group to Rohrer strengthens the combined capabilities of both companies in the areas of high-end printing and… Read more.
Rohrer Corporation Expands Leadership Team
WADSWORTH, OHIO, Dec. 9, 2021 – Rohrer Corporation, a leading retail-packaging designer and manufacturer, today announced the addition of three key executives to its leadership team.  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… Read more.
Wellspring Capital Management Acquires Caring Brands International
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”). Terms of the transaction were not disclosed. Tracing its heritage back to 1966, CBI… Read more.
Rohrer Corporation Acquires Coburn Carton Solutions
WADSWORTH, OHIO – Rohrer Corporation, a leading retail-packaging designer and manufacturer, today announced that it has closed the acquisition of Coburn Carton Solutions, a premier printer and folding carton converter. The addition of Coburn to Rohrer strengthens Rohrer’s printed folding carton capabilities with the strengthening of structural design, addition of large-format printing, and expertise in… Read more.
Wellspring Capital-Backed RAYUS Radiology Acquires One Of The Largest Radiology Groups In The U.S., Bolstering Its Growing Nationwide Network
RAYUS Radiology, formerly Center for Diagnostic Imaging, a leading national provider of advanced diagnostic and interventional radiology, announces the acquisition of Foundation Radiology Group, a Pittsburgh-based, full-service radiology provider with more than 100 radiologists delivering on-site and tele-radiology services to more than 45 health systems, community hospitals, prominent academic medical centers and outpatient imaging facilities across… Read more.
Center for Diagnostic Imaging Relaunches As RAYUS Radiology, Marking Major Step As It Accelerates Its National Growth Plan
MINNEAPOLIS, June 28, 2021 /PRNewswire/ — Center for Diagnostic Imaging (CDI), the nation’s leading subspecialty practice for advanced diagnostic and interventional radiology, announced its rebranding as RAYUS Radiology, a major milestone in the company’s 40-year history and indicator of its massive national growth and expansion plans. The evolution of RAYUS Radiology is the result of a multi-faceted… Read more.
Wellspring Capital Acquires Rohrer Corporation
Wellspring Capital Management (“Wellspring”), a New York-based private equity firm, today announced that it has closed the acquisition of Rohrer Corporation, a leading retail-packaging designer and manufacturer. Financial terms of the transaction were not disclosed. Founded in 1973 and a portfolio company of ShoreView Industries since 2009, Rohrer Corporation is a US-based packaging manufacturer headquartered… Read more.
Wellspring Capital Management Announces Three-Year Corporate Sponsorship of Squash Haven Annual Fundraising Event
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 Haven’s marquee fundraising event, the Squash Haven Showdown, for the next three years.  Squash Haven empowers New Haven public school students to strive for and maintain school success and physical… Read more.
Wellspring Capital Management Recapitalizes HealthPRO Heritage
Wellspring Capital Management (“Wellspring”), a New York‐based private equity firm, today announced that it has closed the acquisition of HealthPRO Heritage, a leading provider of contract therapy services across the post‐acute continuum. HealthPRO Heritage provides therapy services under the HealthPRO Heritage, HealthPRO Heritage at Home, HealthPRO Pediatrics and Alternatives ABA brands. Financial terms of the… Read more.
Center for Diagnostic Imaging Appoints New CEO to Lead National Growth Strategy
Center for Diagnostic Imaging (CDI), the nation’s leading provider of comprehensive radiology services, announced today the appointment of Kim Tzoumakas as Chief Executive Officer to lead the company’s next phase of growth. Tzoumakas succeeds Rick Long, who successfully led the company for the past six years and developed the company’s network of diagnostic imaging clinics… Read more.
Center For Diagnostic Imaging Appoints New Ceo To Lead National Growth Strategy
MINNEAPOLIS, Minn; March 8, 2021 –Center for Diagnostic Imaging (CDI), the nation’s leading provider of comprehensive radiology services, announced today the appointment of Kim Tzoumakas as Chief Executive Officer to lead the company’s next phase of growth. Tzoumakas succeeds Rick Long, who successfully led the company for the past six years and developed the company’s network… Read more.
Wellspring Capital Announces Organizational Updates and New Hires
Wellspring Capital Management Group LLC (“Wellspring”), a leading middle market private equity firm, today announced several organizational changes, reflecting the evolution of the firm’s leadership and positioning the firm for continued success in implementing its investment strategy, which has consistently driven compelling returns for its investors over the past 25 years. Effective January 1, 2021:… Read more.
Help at Home Acquired by Centerbridge Partners and The Vistria Group From Wellspring
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”). The acquisition of Help at Home from Wellspring Capital, which will remain a minority investor in the company, closed yesterday.… Read more.
Wellspring Capital Management Acquires Cadence Petroleum Group
Wellspring Capital Management LLC (“Wellspring”), a New York-based private equity firm, today announced that it has partnered with management to acquire Cadence Petroleum Group (“Cadence”), a leading distributor of lubricant and fuel products across the Southeast and Mid-Atlantic. Financial terms of the transaction were not disclosed. Cadence Petroleum Group was formed in 2018 through the… Read more.
Wellspring Capital Management Acquires Steele Solutions, Inc.
Wellspring Capital Management Group LLC (“Wellspring”), a New York-based private equity firm, announced that on May 29, 2020, it closed the acquisition of Steele Solutions, Inc. (“SSI” or the “Company”), a value-add supplier into the industrial automation sector. Financial terms of the transaction were not disclosed. Founded in 1996 and headquartered in Milwaukee, Wisconsin, Steele… Read more.
Wellspring Capital Acquires Lucky Strike Entertainment
Wellspring Capital Management LLC (“Wellspring”), a New York-based private equity firm, announced that it has closed the acquisition of Lucky Strike Entertainment, LLC, an operator of upscale entertainment venues with 21 locations in the United States. Financial terms of the transaction were not disclosed. Lucky Strike is a leading creator and operator of entertainment venues… Read more.
Wellspring Capital Management Acquires Paragon Films
Wellspring Capital Management LLC (“Wellspring”), a New York-based private equity firm, today announced that it has closed the acquisition of Paragon Films, Inc. (“Paragon” or the “Company”), a leading manufacturer of high performance stretch film. Financial terms of the transaction were not disclosed. Founded in 1988 and headquartered in Broken Arrow, Oklahoma, Paragon is a… Read more.
Wellspring Capital Management Acquires Center for Diagnostic Imaging
Wellspring Capital Management LLC (“Wellspring”), a New York-based private equity firm, today announced that it has closed the acquisition of Center for Diagnostic Imaging (“CDI”), a leading independent provider of outpatient diagnostic imaging services. Financial terms of the transaction were not disclosed. Founded in 1981 and headquartered in Minneapolis, Minnesota, CDI is one of the… 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 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.