has agreed to sell GreatCall
to Best Buy
for $800 million. Based in San Diego, GreatCall is a provider of connected health and personal emergency response services for the elderly. The deal is expected to close in the third quarter of 2018. Raymond James
was financial adviser to Great Call and GTCR while Kirkland & Ellis LLP
was legal adviser.
CHICAGO, IL – August 15, 2018 – GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to sell GreatCall, Inc. (“GreatCall” or the “Company”) to Best Buy for cash consideration of $800 million.
Headquartered in San Diego, California, GreatCall is the leading provider of connected health and personal emergency response services (PERS) for active aging, serving over 900,000 subscribers across the United States. GreatCall’s product offering includes senior-friendly hardware combined with one-touch connectivity to trained agents who can answer questions, dispatch
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a portfolio company of Excellere Partners
, has acquired Minneapolis, Minnesota-based Integrity Medicolegal Enterprises
and Southfield, Michigan-based Michigan Evaluation Group
, two providers of independent medical examinations, medical record reviews, peer reviews and related services. No financial terms were disclosed. Medlogix is a medical claims management provider.
Denver, CO, August 14, 2018 – Excellere Partners, a Denver-based private equity firm focused on partnering with entrepreneurs and management teams in emerging growth companies, announced today that its portfolio company, Medlogix, LLC (“Medlogix”) has acquired Minneapolis, Minnesota-based Integrity Medicolegal Enterprises (“Integrity”), and Southfield, Michigan-based Michigan Evaluation Group (“MEG”) – two premier providers of independent medical examinations (IMEs), medical record reviews, peer reviews, and related services.
Medlogix seeks to deliver a comprehensive suite of innovative medical claims management services to insurance carriers, claims administrators, and employers in the auto, workers’ compensation, and group health markets by leveraging its robust
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Insurance firms Align General Insurance Agency
and Catalytic Risk Managers
are merging and securing funding from Bregal Sagemount
. No financial terms were disclosed.
San Diego, CA – August 14, 2018 – Align General Insurance Agency (“Align General”) and Catalytic Risk Managers (“Catalytic”) today announced they are coming together under a single ownership structure and are receiving a strategic investment from Bregal Sagemount intended to support their continued expansion.
Align General is a leading specialty property and casualty insurance program manager and Catalytic is the largest independent property catastrophe underwriting manager in the U.S. marketplace. Both Align General and Catalytic – which was formed by Align General in 2013 – have consistently grown at industry leading rates since inception. The investment from Bregal Sagemount will be used to support the companies’ continued growth through expansion of existing programs, new line launches, and strategic acquisitions.
“We are delighted to
Continue reading "Bregal Sagemount backs merging Align General and Catalytic"
has made an investment in Centennial, Colorado-based BluSky Restoration Contractors LLC
, a provider of restoration, renovation, environmental and roofing services. No financial terms were disclosed.
CENTENNIAL, Co., August 15, 2018 /PRNewswire/ — Dominus Capital, L.P. (“Dominus”) and affiliates have completed their investment in BluSky Restoration Contractors, LLC (“BluSky”), which provides restoration, renovation, environmental and roofing services to all commercial and multifamily real estate classes across the U.S. and Puerto Rico. Management will be reinvesting alongside Dominus in the transaction to continue to participate in the ongoing growth of BluSky.
With an emphasis on large loss projects, BluSky’s employees bring experience and teamwork to anyone who owns or manages property, provides property insurance, or manages property insurance claims. The company was founded on the values of traditional craftsmen and family-owned businesses, driving superior customer service as embodied by BluSky’s 96 Proof philosophy –
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KCM Capital Partners LLC
has recapitalized Edison, New Jersey-based Atlantic Beverage
, a specialty importer and distributor of food and beverage products. No financial terms were disclosed for the transaction that was done in partnership with Huron Capital, Stonehenge Partners
and Atlantic Beverage management. Katten Muchin Rosenman LLP
provided legal counsel to KCM.
Chicago, IL – August 15, 2018 – Chicago-based private investment firm KCM Capital Partners LLC (“KCM”), an investor in lower middle market business services, value-added distribution and specialty industrial businesses, announced today that it has completed the recapitalization of Atlantic Beverage Company, Inc. (“Atlantic Beverage” or the “Company”). The transaction was completed in partnership with Company management, Detroit, MI-based private equity firm Huron Capital and Columbus, OH-based private investment firm Stonehenge Partners. Terms of the transaction were not disclosed.
Founded in 1986, Atlantic Beverage is an Edison, New Jersey-based specialty importer and distributor of more
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, a portfolio company of Chicago Pacific Founders,
has acquired North Oakland Dermatology
, a dermatology practice in Michigan. No financial terms were disclosed.
LOMBARD, IL — Pinnacle Dermatology has acquired North Oakland Dermatology, further expanding the Pinnacle footprint and dermatology expertise in Michigan. North Oakland Dermatology is led by Eva Youshock, MD, a distinguished dermatologist, and the practice staff includes Andrea Dreffs, a certified Physician Assistant.
“We are excited to improve patient access in Michigan with well-regarded dermatologists the caliber of Dr. Youshock,” said Chad A. Eckes, CEO, Pinnacle Dermatology. “Our continued growth in Michigan shows us that top-ranked dermatologists are finding great value in our flexible and adaptable business model.”
Dr. Youshock is a graduate (Magna Cum Laude) of Smith College and Northwestern University Medical School. She completed her Residency in dermatology at Henry Ford Hospital in Detroit and is certified by the
Continue reading "CPF-backed Pinnacle Dermatology acquires Michigan dermatology practice"
Great Rock Capital
has hired Jeffrey Peckitt
as managing director of originations. Peckitt will be in charge of sourcing new investment opportunities to expand the firm’s presence in Canada. Previously, he was vice president of MaynBridge Capital
where he was responsible for spearheading originations to middle-market companies throughout Canada. Peckitt will be based in Toronto.
Westport, CT – August 15, 2018 – Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced Jeffrey Peckitt has joined the firm as Managing Director of Originations. Jeffrey will be based in Toronto and will be responsible for sourcing new investment opportunities to expand the firm’s footprint in the Greater Toronto area and establish a presence in the Canadian markets.
“We are excited to have Jeffrey join Great Rock as we expand into the Canadian market,” said Stuart Armstrong, CEO of Great Rock Capital. “Jeffrey’s depth of
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The Chertoff Group
, a security advisory firm, has named Kristjan Kornmayer
as director of M&A advisory services. Previously, Kornmayer was a senior engagement manager at Avascent.
WASHINGTON – August 6, 2018 – The Chertoff Group, a global security advisory firm that enables clients to navigate changes in security risk, technology and policy, today announced the appointment of Kristjan Kornmayer as a director of M&A Advisory Services. With six years of aerospace and defense-focused advisory experience, Kornmayer will manage The Chertoff Group’s buy-side diligence transaction support for private equity and strategic buyers.
Prior to joining The Chertoff Group, Kornmayer was a senior engagement manager at Avascent, where he led projects supporting growth strategy objectives for defense industry clients. He executed inorganic strategy development, target screening, buy-side diligence and post-merger integration on transactions worth more than $3 billion cumulatively. Over the course of Kornmayer’s tenure at Avascent, he successfully
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, a developer of a real-time data platform for gamers, has raised $4.7 million in Series A funding, according to a blog post
led the round with participation from other investors that include Y Combinator, Afore Capital
and NextGen Venture Partners.
India and Delaware-based Bugworks Research Inc
, a biopharma startup, has secured $9 million in Series A financing. The lead investor was University of Tokyo Edge Capital.
Source: Press Release
Santa Barbara, Californa-based AxiaMed,
a healthcare payments technology company, has raised $12.4 million in funding. Health Enterprise Partners
led the round.
Source: Press Release
, cloud-software platform for automating and transforming the way businesses handle critical risk, audit and compliance work, has raised $40 million in Series B funding. Battery Ventures
led the round. In conjunction with the funding, Battery General Partner Michael Brown
has been added to AuditBoard’s board of directors.
Source: Press Release
Security startup Twistlock
has raised $33 million in Series C funding, according to a blog post
. Iconiq Capital
led the round with participation from YL Ventures, TenEleven, Rally Ventures, Polaris Partners
and Dell Technologies Capital.
Los Angeles-based Lucidity
, a digital advertising blockchain protocol to deliver transparency and trust, has raised over $5 million in funding. The investors were 3Rodeo, CoinUs, Cypher Group, YouBi Capital
Source: Press Release
a startup that helps restaurants and supermarkets reduce food waste by selling unsold food to consumers, has raised $12 million in funding. The investors included Electrolux.
Source: Press Release
Silicon Valley-based RevJet
, an ad experience platform, has secured $21 million in Series A Financing. Nautic Partners
led the round.
Source: Press Release
Business law firm Condon Tobin Sladek Thornton
has hired M&A lawyer Mark Goglia
as a partner. Goglia is a former partner at Jones Day.
DALLAS, Aug. 14, 2018 /PRNewswire/ — Condon Tobin Sladek Thornton PLLC, a full-service business law firm specializing in commercial real estate, banking and corporate transactions, and complex litigation, is pleased to announce that experienced M&A and corporate finance lawyer Mark Goglia has joined the firm as partner.
Mr. Goglia will advise emerging growth and Fortune 500 companies, focusing on M&A and private equity transactions, corporate governance, investment vehicles, joint ventures, IPOs and other registered securities offerings. He was a partner at global law firm Jones Day where he practiced for more than 11 years before starting his own firm, Goglia PLLC.
“Mark has an enviable track record and is forward-thinking in crafting winning solutions for complex transactions. We are pleased he has chosen to
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, a lawn care company, has named John Cowles
as president and CEO. His appointment becomes effective September 17, 2018. Previously, he worked at FXI
where he was president and CEO. TruGreen is backed by Clayton, Dubilier & Rice.
MEMPHIS, Tenn., Aug. 14, 2018 /PRNewswire/ — TruGreen, the nation’s largest lawn care company, today announces the appointment of John Cowles as President and CEO of TruGreen, effective September 17, 2018.
Prior to joining TruGreen, Cowles was President and CEO at FXI, a leading foam producer for the Home, Healthcare, Electronics, Industrial, Personal Care and Transportation markets. Cowles is a 30-year business veteran who has held senior leadership positions at major companies – such as Touchstone Wireless, Kraft Foods, Campbell Soup Company, and George Weston Bakeries – and guided them to significantly improved fiscal success.
“I am incredibly excited about the opportunity to build on the business
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