Prospect Partners has invested in Velocity Aerospace Group, a provider of aviation aftermarket services. The is the fifth portfolio company for Prospect Partners’ $200 million third fund. Velocity Aerospace Group seeks to acquire other providers of aviation aftermarket services. Velocity Aerospace Group provides aviation maintenance, repair, and overhaul services to a global customer base of […]
Archives for April 16, 2013
Harvest Partners Acquires AxelaCare
Harvest Partners has acquired AxelaCare Holdings, a home infusion therapy provider, from Excellere Partners. AxelaCare’s management team, including CEO Ted Kramm and President Kathee Kramm, will continue to lead the company. “Healthcare is a key area of interest for Harvest and we have been impressed by AxelaCare’s rapid rise to become the fifth largest provider […]
Incline Equity Partners Exits Orthotic Holdings
Incline Equity Partners has sold its portfolio company Orthotic Holdings to Frazier Healthcare. Orthotic Holdings (DBA The Orthotic Group) is a manufacturer, marketer and distributor of custom and branded medical products that treat foot, ankle and leg related conditions and diseases. The company is headquartered in Markham, Ontario (www.theorthoticgroup.com). Incline acquired Orthotic Holdings in September […]
NewSpring Capital Exits Transcend United Technologies
NewSpring Capital has sold its portfolio company Transcend United Technologies, an IT services company, to AGC Networks, a subsidiary of the Essar Group. Transcend United Technologies is a national services provider and technology integrator focused on communications and data center infrastructure. Transcend is headquartered in Philadelphia with offices in Minnesota, Texas, California, Ohio, Florida, Massachusetts, […]
Tengram Beats Target, Closes First Fund at $173 Million
Tengram Capital Partners has completed the fundraising of it first institutional fund with $173 million of commitments, exceeding its target fund size of $150 million. The new fund received commitments from an array of institutional and individual investors, including endowments, pension plans, alternative asset managers, and large family offices. “The team at Tengram is thrilled […]
