Articles from MidOcean Partners

MidOcean Partners (“MidOcean”), a premier alternative asset manager specializing in middle-market private equity, alternative credit, and structured equity, announced today that it entered into a forward flow purchase agreement with Point Digital Finance, Inc. (“Point”), a leading home equity investment platform. Under the agreement, Point will sell MidOcean up to $600 million of its home equity investment (“HEI”) assets.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, alternative credit, and structured equity, today announced it has led a term loan investment in The Carpenter Health Network (“Carpenter” or the “Company”), a founder-owned, leading provider of home health, hospice, and other restorative services based in Baton Rouge, LA. MidOcean was the lead arranger of a new first lien term loan to finance the purchase of a portion of the business by a newly created Employee Stock Ownership Plan (ESOP). Terms of the transaction were not disclosed.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle market private equity, alternative credit, and structured equity, announced today the sale of InterVision Systems, LLC (“InterVision” or the “Company”) to NWN Corporation (“NWN”). InterVision is a leading managed services provider helping mid-market, enterprise, and public sector organizations across the U.S. modernize and secure their IT operations. With deep expertise in cloud, AI, cybersecurity, and intelligent infrastructure, the Company delivers end-to-end solutions that drive innovation, resilience, and measurable business outcomes. Financial terms of the transaction were not disclosed.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, alternative credit, and structured equity, today announced it has made a preferred equity investment in Emergency Care Partners (“ECP” or the “Company”), a leading provider of emergency medicine services to hospitals in the U.S that is majority owned by Varsity Healthcare Partners. MidOcean’s non-control capital investment will be used to fund planned acquisitions and dividends to certain long-time physician shareholders in the Company. Terms of the transaction were not disclosed.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, alternative credit investments and structured equity, announced today the acquisition of GSTV (the “Company”), the national on-the-go video network engaging and entertaining targeted audiences at scale across tens of thousands of fuel retailers, from Rockbridge Growth Equity. Founded in 2005, GSTV engages over 115 million monthly high-intent viewers at fuel and convenience retail locations, delivering targeted, full-sound video advertising to consumers at a key moment on their path to purchase. Rockbridge will retain a stake in the Company. Financial terms were not disclosed.

MidOcean Partners (“MidOcean”), a premier alternative asset manager specializing in middle-market private equity, alternative credit, and structured capital, announced today that it led a $197.5 million structured equity investment in OWN Equipment Fund I LLC, a newly formed special-purpose vehicle. The equity investment supported a $797.5 million sale-leaseback transaction (the “Transaction”) with EquipmentShare.com Inc. (“EquipmentShare”), a leading construction equipment rental company.

MidOcean Partners (“MidOcean” or the “Firm”), a premier New York-based alternative asset manager specializing in middle-market private equity, alternative credit, and structured capital, today announced the successful final close of MidOcean CLO Equity Fund I (the “Fund”) with $304 million of capital commitments, exceeding its $300 million target. The Fund received strong support from a diverse base of institutional investors including existing MidOcean clients as well as significant new relationships for the Firm.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, announced today the acquisition of Arnott Industries (“Arnott” or the “Company”). Arnott is a North American and European leader in suspension technologies and a designer, developer, manufacturer and distributor of air suspension systems and suspension components for the automotive aftermarket. Financial terms of the transaction were not disclosed.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital and alternative credit investments, announced today that Jon Fox, former President of the alternative investment firm Värde, has joined the firm as Global Head of Capital Formation. Mr. Fox brings several decades of leadership and alternative asset management experience to MidOcean that will help to enhance and expand MidOcean’s investor relationships globally, and position the firm to continue to meet investors’ evolving needs.

QualiTech, a global manufacturer of plant nutrition, animal nutrition and food ingredient products and services, today announced the acquisition of Ellison Bakery (“Ellison” or the “Company”), a manufacturer of cookies, snack bars, crunches, toppings, and inclusion ingredients for retail, food service and private label end markets. Terms of the transaction were not disclosed.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, today announced the acquisition of SI Solutions (“SI” or the “Company”), a leading provider of engineering, testing, inspection, compliance and maintenance services, digital solutions, and expert consulting for power and critical infrastructure end markets. Terms of the transaction were not disclosed.

MidOcean Partners (“MidOcean” or the “Firm”), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, today announced the closing of its third opportunistic credit fund, MidOcean Tactical Credit Fund III (the “Fund”) and related separately managed accounts, with commitments totaling $765 million. The Fund received strong support from a diverse base of institutional investors globally, including new and existing MidOcean clients.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, today announced it has made a preferred equity investment in GridHawk Holdings (“GridHawk” or the “Company”), a premier provider of damage prevention services for critical utility infrastructure across the U.S. MidOcean’s non-control growth capital investment will provide GridHawk with the resources to further expand its service offering and geographic footprint while continuing to provide the highest quality service to its customers. Terms of the transaction were not disclosed.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced it has made a significant investment in The Re-Sourcing Group (“Re-Sourcing” or the “Company”). Re-Sourcing is a leading professional services firm providing staffing, consulting and direct hire solutions that specialize in finance & accounting, legal & compliance and IT. This partnership with MidOcean provides Re-Sourcing with the capital and resources to accelerate its growth and further expand its solutions offerings and geographic footprint. The Company was previously backed by McNally Capital. Financial terms of the transaction were not disclosed.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced that it has acquired Smith System Driver Improvement Institute, Inc. (“Smith System” or the “Company”), a leading B2B workplace safety training platform and the recognized “gold standard” provider of driver safety training for commercial fleets, from Levine Leichtman Capital Partners. Terms of the transaction were not disclosed.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced that John B. Kahan, former Chief Data Analytics Officer of Microsoft Corporation (“Microsoft”), has joined the firm as an Operating Partner.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced that Ravi Saligram, former President and Chief Executive Officer of Newell Brands, has joined the firm as an Operating Partner.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced that it has acquired QualiTech, a renowned, family-owned global manufacturer of plant nutrition, animal nutrition and food ingredient products and services. The transaction, which transfers ownership of the company to MidOcean from the Ploen family, is designed to pave the way for new investment to expand capabilities and capacity, and to drive new levels of growth. Terms of the transaction were not disclosed.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced that Matt Maddox, former Chief Executive Officer of Wynn Resorts, has joined the Executive Board of the firm. In this role, Mr. Maddox will leverage his more than two decades of executive and business transformation experience in the hospitality and gaming industries to serve as a value-additive partner to the MidOcean team and MidOcean’s portfolio companies.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced the successful close of its most recent private equity fund, MidOcean Partners VI, LP (“Fund VI”), with over $1.5 billion in capital commitments, making it MidOcean’s largest fund since inception. Fund VI, which exceeded its target and is 25% larger than its predecessor fund, received significant support from existing investors and welcomed a range of new institutional limited partners globally.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced its successful private equity investment exit from Nutrabolt, a rapidly growing, global active health and wellness company with a portfolio of market leading performance-oriented brands, including C4® Energy, one of the fastest-growing performance energy drink brands in the U.S. In conjunction with MidOcean’s exit, Keurig Dr Pepper (NASDAQ: KDP), a leading North American beverage company, will enter into a strategic partnership with Nutrabolt including a long-term sales and distribution arrangement and an equity investment.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced the launch of the Women’s Awareness Initiative (“WAI”), a program committed to bridging the gender diversity gap in the asset management industry near term. Institutional Limited Partners Association (“ILPA”), well-recognized for engaging, empowering, and connecting limited partners to maximize their performance on an individual, institutional and collective basis, has formally endorsed WAI, adding the program to its Diversity, Equity and Inclusion Roadmap.

MidOcean Partners, a premier middle market private equity firm focused on the business services and consumer sectors, announced today that it has acquired Pragmatic Institute (“Pragmatic” or the “Company”) from Renovus Capital Partners and other investors.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced today that the firm has bolstered its team with two senior hires. Marshall Phelps will be joining the firm as a Managing Director and Partner within MidOcean Private Equity focusing on the firm’s Business Services vertical, and Jim Henderson has joined as a Managing Director on the Investor Relations team.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced today that Erik Oken, former Global Chairman of Investment Banking at JP Morgan, has joined the firm as Chairman of MidOcean’s private equity business. An accomplished C-Suite executive with over 30 years of industry experience, Oken will work directly with MidOcean’s private equity investment team by adding valuable senior insights and oversight to the firm’s thematic investment approach.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in alternative credit investments and middle-market private equity, announced today that Joseph Rotondo, Senior Portfolio Manager for Invesco’s Global Senior Loan group, will be joining the firm as Senior Portfolio Manager for MidOcean Credit’s Collateralized Loan Obligation (“CLO”) business. As Senior Portfolio Manager, Mr. Rotondo will be responsible for portfolio management of the firm’s existing CLOs as well as new transactions MidOcean expects to issue as it continues to build out its CLO platform. He will also serve as a member of the firm’s Investment Committee. Based in New York, Mr. Rotondo will report to Dana Carey, Chief Investment Officer of MidOcean Credit.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in alternative credit investments and middle-market private equity, announced today senior-level promotions in its credit business, including Robert (Tripp) Sullivan to the firm’s Investment Committee, Michael Levitin to Portfolio Manager, and Carol Chung, Adam Goldberg and Opal Leung to Principal.

MidOcean Partners, a premier middle market private equity firm focused on the business services and consumer sectors, announced today the promotion of Sara Parker Badham to Managing Director and Partner. In addition to Sara, MidOcean also announced the promotion of Steven Loeffler to Principal.

MidOcean Partners, a premier middle market private equity firm focused on the business services and consumer sectors, announced today that it has acquired Cloyes (“Cloyes” or the “Company”) from Hidden Harbor Capital Partners. Cloyes is a North American leader and global designer, developer, manufacturer and distributor of timing drive systems and engine components for original equipment manufacturers and the automotive aftermarket, selling its products under the Cloyes® brand throughout North America and Dynagear® in Mexico. MidOcean Partners plans to continue the Company’s aggressive growth plan through comprehensive organic initiatives and strategic M&A. Financial terms of the transaction were not disclosed. This transaction represents MidOcean’s third recent investment in the auto aftermarket industry after completing investments in FullSpeed Automotive, a leading auto aftermarket services platform with over 700 locations purchased in November 2020, and Holley Inc. (NYSE: HLLY), a leading designer, marketer, and manufacturer of high-performance automotive aftermarket products for car and truck enthusiasts, through its merger in July 2021 with Empower Ltd. a publicly traded special purpose acquisition company formed by MidOcean Partners.

The JF Petroleum Group, a MidOcean Partners portfolio company and the premier provider of fueling system solutions in North America, announced today that it has acquired Dykstra Construction. Headquartered in Plant City, Florida, Dykstra Construction is a commercially certified, multi-industry contractor specializing in commercial and convenience store construction and petroleum equipment installation and repair. The acquisition of Dykstra Construction will strengthen The JF Petroleum Group’s Southeast Region’s market leadership position in the petroleum equipment industry and enhance its ability to serve customers by adding additional turnkey services to its retail and commercial construction offerings.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in alternative credit investments and middle-market private equity, announced today that Jamil Nathoo is joining the firm as a Managing Director of MidOcean Credit. In this role, he will be responsible for expanding MidOcean’s institutional relationships and CLO platform. Mr. Nathoo recently served as Head of Collateralized Loan Obligation (“CLO”) and Asset-Backed Securities (“ABS”) Syndicate at Goldman Sachs, where he managed the global marketing and distribution process for CLO and ABS issuance. Based in New York, he will report to Dana Carey, Chief Investment Officer of MidOcean Credit.

MidOcean Partners (“MidOcean”), a premier middle market private equity firm focused on the consumer and business services sectors, announced today that it has acquired Casper’s Ice Cream (“Casper’s” or the “Company”), a leading manufacturer and supplier of branded and co-packed frozen novelty products sold through leading grocery and mass customers throughout the United States. The Company primarily sells through the FatBoy brand, one of the fastest growing frozen novelty brands in the US, as well as the Jolly Llama and ChurnBaby brands. MidOcean intends to accelerate the Company’s growth and drive value through comprehensive organic initiatives and strategic M&A. Casper’s represents MidOcean’s second investment in branded food in the last six months following the acquisition of Louisiana Fish Fry in July 2021. Financial terms of the transaction were not disclosed.

MidOcean Partners, a premier middle market private equity firm focused on the business services and consumer sectors, announced today that it has acquired GHR Healthcare (“GHR” or the “Company”) from Platform Partners and other investors. GHR is a leading provider of healthcare staffing services offering travel nursing, local nursing, per diem nursing, allied health, behavioral health, education, information technology, revenue cycle, managed services provider, interim leadership and permanent placement services to healthcare facilities nationwide. The Company operates three national divisions across a broad geographic footprint of 11 locations built through acquisition and organic expansion. MidOcean Partners plans to continue the Company’s aggressive growth plan through comprehensive organic initiatives and strategic acquisitions. Financial terms of the transaction were not disclosed.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced it has taken the next step to position the firm for long-term growth by partnering with Hunter Point Capital (“HPC”), which has made a strategic, minority investment in MidOcean. MidOcean’s investment process, management, and day-to-day operations will remain unchanged. Terms of the investment were not disclosed.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced today that Steve Spinner has joined the firm’s Executive Board as Operating Partner. Former Chairman and Chief Executive Officer of United Natural Foods (UNFI), Mr. Spinner has over 20 years of experience across multiple industries, bringing deep business expertise to MidOcean’s private equity portfolio. In his role as Operating Partner, Steve will work across the MidOcean platform to bring a wide range of insights and resources to the firm’s Consumer and Business Services verticals.

MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced today that Eric Gordon and Bob Myers have joined the firm as Operating Partners. Myers and Gordon, together with MidOcean’s existing network of seasoned Operating Partners, bring significant strategic and functional expertise to the firm and will be instrumental in helping MidOcean execute on its value-added, operating talent approach to middle market investing.

MidOcean Partners (“MidOcean”), a premier middle market private equity firm focused on the consumer and business services sectors, announced today that it has acquired Louisiana Fish Fry (the “Company”). Louisiana Fish Fry is an industry leading manufacturer and supplier of authentic, Louisiana-inspired food products. The Company’s products are sold through leading grocery, mass and foodservice customers with a broad reach across the United States. MidOcean intends to accelerate the Company’s growth and drive value through comprehensive organic initiatives and strategic M&A. Financial terms of the transaction were not disclosed.

FullSpeed Automotive, one of the nation’s largest franchisors and operators of automotive aftermarket repair facilities, announced today that it completed the acquisition of 25 quick lube and automotive service centers in the Dallas-Ft. Worth market. The acquisition included four different automotive center brands, with the majority being Kwik Kar Automotive Lube & Service Centers.

MidOcean Partners (“MidOcean”), a premier middle-market private equity firm focused on the business services and consumer sectors, today announced it has successfully sold its majority investment in The Planet Group (“Planet”), one of the world’s leading diversified professional services organizations. Planet will be merging with ProPharma Group (“ProPharma”), a portfolio company of Odyssey Investment Partners. Financial terms of the transaction were not disclosed.

MidOcean Partners (“MidOcean”), a premier New York–based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced today that Lisa Mann has joined the firm as an Operating Partner. Ms. Mann is an accomplished and proven leader of enterprise transformation. Throughout her career, she has advised senior leaders of Fortune1000 companies, start-ups, venture capital and private equity firms on strategy, marketing and talent management. In her role as Operating Partner, she will support MidOcean’s Consumer vertical and advise on the Firm’s investment efforts in the food and beverage space.

MidOcean Partners (“MidOcean”), a premier New York–based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced today that Tony DeLio has joined the firm as an Operating Partner. DeLio, an ingredients industry executive with more than 30 years of leadership experience spanning strategic innovation, M&A, R&D, and marketing, will work closely with MidOcean’s investment team to further develop and execute the firm’s investment strategy within the specialty ingredients space.