News

Wellspring Capital Management Group LLC (“Wellspring”) a leading New York-based middle market private equity firm, announced the promotion of Ryan Dowd to Partner, Blake Briscoe to Vice President and Thomas Kingshott to Senior Associate.  The promotions follow an extremely active first half of 2024, which has included: The consummation of a $975mm multi-asset continuation fund… Read more.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 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.

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.

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.

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 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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.