GTCR to sell GreatCall to Best Buy for $800 mln

GTCR 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. PRESS RELEASE 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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PE-backed Medlogix makes two acquisitions

Medlogix LLC, 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. PRESS RELEASE 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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Bregal Sagemount backs merging Align General and Catalytic

Insurance firms Align General Insurance Agency and Catalytic Risk Managers are merging and securing funding from Bregal Sagemount. No financial terms were disclosed. PRESS RELEASE 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
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Dominus invests in BluSky

Dominus Capital 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. PRESS RELEASE 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 recaps Atlantic Beverage

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. PRESS RELEASE 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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CPF-backed Pinnacle Dermatology acquires Michigan dermatology practice

Pinnacle Dermatology, a portfolio company of Chicago Pacific Founders, has acquired North Oakland Dermatology, a dermatology practice in Michigan. No financial terms were disclosed. PRESS RELEASE 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
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Great Rock Capital recruits Peckitt as originations MD

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. PRESS RELEASE 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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Chertoff Group appoints M&A advisory services director

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. PRESS RELEASE 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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Visor racks up $4.7 mln Series A

Visor, a developer of a real-time data platform for gamers, has raised $4.7 million in Series A funding, according to a blog post. Accel led the round with participation from other investors that include Y Combinator, Afore Capital and NextGen Venture Partners.

AxiaMed nets $12.4 mln

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

AuditBoard lands $40 mln Series B

AuditBoard, 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

Lucidity rakes in over $5 mln

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 and Pithia. Source: Press Release

Karma picks up $12 mln

Stockholm-based Karma, 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

RSV acquires Eyenalyze

Rising Sun Ventures has acquired a majority stake in Arkansas-based Eyenalyze, a software firm focused on data analytics for restaurant owners and franchises. No financial terms were disclosed. PRESS RELEASE PLEASANTON, Calif., Aug. 14, 2018 /PRNewswire/ — Rising Sun Ventures announces its purchase of a majority stake in Eyenalyze, an Arkansas-based software firm specialized in data analytics for restaurant owners and franchises. Its subscription-based service empowers restaurant managers, executives and business owners with customized, data-driven insights to maximize profitability. Eyenalyze is a private company founded in 2013. “We were fortunate to find the ideal partner in Rising Sun to help accelerate our growth, increase our market share and expand our suite of products and services for restaurant back-office solutions. They bring an unparalleled innovation and expertise in integrated software solutions, payment technologies and mobile payment infrastructure that has proven to be the perfect complement to our API which
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Condon Tobin Sladek Thornton recruits M&A lawyer as partner

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. PRESS RELEASE 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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CD&R-backed TruGreen appoints Cowles as president and CEO

TruGreen, 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. PRESS RELEASE 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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Eagle Merchant and JLM Financial fund Recreational Group

Eagle Merchant Partners and JLM Financial Partners have made an investment in Recreational Group, a provider of residential and commercial recreational surfacing products. No financial terms were disclosed. PRESS RELEASE (PRWEB) AUGUST 14, 2018 Eagle Merchant Partners and JLM Financial Partners have closed their investment in the Recreational Group, a leading provider of residential and commercial recreational surfacing products across the country. The move capitalizes on the rapidly-growing artificial turf and sports surfacing industry, with products used across a wide range of markets and customers. Founded in 1998, Recreational Group has grown to more than $45MM in sales through strategic acquisitions and organic growth. The recreational surfacing industry has become more popular as it is environmentally sustainable, affordable and maintenance free, which has driven both residential and commercial uses. It allows families to spend more time together in their backyards and less time working in the yard, and allows
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