Oak Hill-backed EPIC, the corporate parent overseeing investments across the entire EPIC platform, acquired Integro USA, a specialty insurance brokerage and consulting business. Financial terms were not disclosed.
Steve Denton, president of EPIC Holdings, said: "EPIC and Integro USA fit together perfectly with common themes including a passion for client service and delivering specialty capabilities supported by actionable analytics."
Evercore and Latham & Watkins advised Integro. Bank of America Merrill Lynch and Weil Gotshal and Manges advised EPIC.
YFM Equity Partners sold Gill Marine to the Myers family.
Gill has more than 40 years of heritage in designing technical clothing, footwear and accessories for elite sailors and marine enthusiasts within its global distribution network. Financial terms were not disclosed.
Jamie Tunnicliffe, CEO of Gill Marine, says: “These are exciting times for Gill. YFM has supported us through a period of significant expansion for Gill and played a key role in helping us achieve our success. We are now well placed to continue the growth and look forward to working with our new owner to deliver Gill’s full potential as a global marine-inspired technical apparel brand.”
YFM was advised by Pragma Consulting, Financo, KPMG and Browne Jacobson. Myers family was advised by Deloitte, Osborne Clark, PriceWaterhouseCoopers, Cains and Macfarlanes.
Infusion Associates Management is a newly-formed management services organization that will oversee a network of ambulatory infusion clinics across the Midwestern US. Financial terms were not disclosed.
Derek McDowell, Boyne's Managing Partner and CEO, said: "Infusion Associates is a market leader in an emerging healthcare delivery channel with a long track record of providing high-quality patient care in a low-cost ambulatory setting. We are pleased to be partnering with Joseph Herrod and Dr. Nedd in building upon an already strong foundation to expand the platform's service footprint and grow capabilities, reaching more patients that are in need of infusion therapy."
Invoice Cloud is a leading Software as a Service provider of vertical software, billing, and payments solutions. General Atlantic, which will become the majority shareholder, will invest in Invoice Cloud alongside existing shareholder Summit Partners and Invoice Cloud management to help fuel the company’s next stage of growth. Financial terms were not disclosed.
“Invoice Cloud has proven itself as a clear leader in vertical payments and billing automation by providing an innovative product suite that helps its customers improve client engagement and automate business processes. The company has experienced substantial growth to date and is poised to achieve significant scale by leveraging its strong team and world-class technology,” said Jon Korngold, Managing Director and Global Head of General Atlantic's Financial Services Sector.
Raymond James advised Invoice Cloud.
Nolan Transportation Group is one of the largest and fastest-growing non-asset freight brokerages in the United States. Financial terms were not disclosed.
“We look forward to joining forces with Gryphon to increase our footprint, continue to grow our company, and better serve our customers,” said Kevin Nolan, Founder and Chairman of NTG. “This investment helps take us one step closer to becoming the leading freight brokerage platform in the industry."
Harris Williams and Eversheds advised Nolan Transportation Group. North Inlet and Sheppard Mullin advised Gryphon Investors.
Sachem Head Capital says US Food Holding is undervalued.
The Scott Ferguson-led activist fund Sachem Head Capital Management, which owns a 2% stake in US Foods, contends that the company is undervalued relative to its peers and could improve its performance by improving prices and courting high-margin customers. Ferguson said that US Foods could benefit from many of the steps taken by its rival Sysco, which was targeted in 2015 by investor Trian Fund Management.
“With the help of an activist shareholder, Sysco meaningfully expanded profitability by improving discipline around pricing and increasing focus on high-margin private label goods and lucrative smaller restaurant customers,” Ferguson said in the letter to Sachem Head investors.
Great Point Partners recapitalized Spine & Sport Physical Therapy.
Spine & Sport Physical Therapy is a provider of physical therapy and rehabilitation services. The company’s outpatient clinics provide treatment to patients suffering from musculoskeletal impairments associated with accidents, sports injuries, surgeries, and various other medical conditions. No financial terms were disclosed.
“We are excited to partner with the Spine & Sport team and help them execute an accelerated growth plan,” said Adam Dolder, Managing Director at Great Point Partners. “With our investment, directly relevant experience and shared vision, we believe it’s possible to transform the Company into the leading outpatient physical therapy provider in Southern California. Our plan is similar to what we accomplished with Professional Physical Therapy in the New York metro area.”
BizLibrary obtained financing from Primus Capital.
Missouri-based BizLibrary is a provider of online employee training content and software for growing organizations. Financial terms were not disclosed.
The secured financing will accelerate BizLibrary’s rise as the preferred partner for online learning and allow it to expand its product offering and client reach within the market. The management team at BizLibrary will continue to be actively involved in the day-to-day operations and growth strategies of the company.
“Our partnership with Primus will allow BizLibrary to further invest in its market-leading solutions to provide employers with the learning resources and technology they need to help their employees reach their potential,” Dean Pichee, Founder and CEO of BizLibrary commented. “We’re excited to work with Primus during the next chapter of BizLibrary’s growth and development.”
Vista Equity Partners advised BizLibrary.
