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Bow River Capital Exits RailPros

DENVER, Aug. 04, 2020 (GLOBE NEWSWIRE) — Bow River Capital (“Bow River”) today announced that it has sold its interest in the RailPros companies (“RailPros” or “the Company”) to Court Square Capital (“Court Square”). RailPros is the leading provider of outsourced safety management, design & engineering, inspection, site & program management, utility observation, and training services to rail operators, utilities, state DOTs and contractors working adjacent to rail infrastructure. Based in Irving, Texas, and founded in 2000, RailPros has over 700 professionals across 14 offices and serves customers nationwide. Terms of the transaction were not disclosed.

Since Bow River acquired RailPros in 2017, the company has expanded its geographic reach to become a nationwide platform, diversified its safety services offering, strengthened the management team, and completed strategic acquisitions to drive growth.

“Facilitating the growth of market leaders is a key part of Bow River’s investment strategy, and we are especially pleased with the outcome at RailPros,” said Bo Sutton, a Director at Bow River. “We are extremely proud of the partnership with the RailPros team and believe the company is well positioned for continued success.”

Ken Koff, CEO of RailPros stated, “We have enjoyed an outstanding relationship with Bow River. Their unwavering support of our strategic growth initiatives has led to a threefold growth of RailPros. As we take the next evolutionary step, we look forward to our new partnership with Court Square and the next phase of growth. Our customers will benefit from this alliance, as RailPros continues our commitment to service excellence.”

“RailPros exemplifies Court Square’s strategy of backing market leading companies with best-in-class management teams,” said Joseph Silvestri, Managing Partner at Court Square. “We look forward to supporting RailPros’ continued growth by identifying both organic and inorganic initiatives to help the Company realize its full potential,” added Vivek Vyas, Partner at Court Square.

Piper Sandler & Co. served as the exclusive financial advisor to RailPros in connection with the transaction. Bryan Cave Leighton Paisner served as legal counsel to Bow River. Houlihan Lokey served as the exclusive financial advisor to Court Square and Dechert served as legal counsel to Court Square.

About Bow River Capital

Founded in 2003, Bow River Capital is a private alternative asset management company based in Denver, Colorado, with Buyout, Real Estate, and Software Growth Equity platforms. The Bow River Capital funds focus on the lower middle market across a geographic area referred to as Bow River’s Rodeo Region®️, which encompasses the Rocky Mountains and surrounding states. Collectively, Bow River Capital has deployed capital into diverse industries, asset classes and across the capital structure. For more information on Bow River, please visit www.bowrivercapital.com.

About Court Square Capital

Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 230 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $7.1 billion of assets under management and is based in New York, N.Y.

Source: Bow River Capital

Centerbridge to Acquire AHEAD from Court Square, Setting the Stage for Next Phase of Innovation and Growth

Investment will enable the enterprise cloud leader to expand its digital solutions portfolio and geographic reach

CHICAGO–(BUSINESS WIRE)–AHEAD, a leading provider of enterprise cloud solutions, today announced a definitive agreement for funds advised by Centerbridge Partners, L.P., a leading private investment firm, to acquire a majority stake in the company. In addition, funds managed by Berkshire Partners LLC will purchase a minority stake in AHEAD, while the AHEAD management team will continue to own a significant position in the business.

With support from Centerbridge, a deeply experienced investor in enterprise services, software and hardware businesses, AHEAD is well-positioned to accelerate its market leadership in enterprise cloud infrastructure and grow its offerings, including through the expansion of its services and partnerships, in the vital areas of intelligent operations and cloud-native application development.

Over the last five years, as a portfolio company of Court Square Capital Partners, AHEAD grew revenues from $365 million to more than $1.3 billion in 2020, in the process acquiring four firms. During this same period, AHEAD’s professional services business grew from $18 million to more than $100 million—an average annual growth rate of 41 percent—as the company expanded its services capabilities in the areas of cloud, enterprise service management and enterprise monitoring and analytics.

“We’ve enjoyed our partnership with Court Square and are thankful for their early support of the AHEAD journey. The Centerbridge investment will help us continue to innovate and enhance our offerings in an effort to help clients transform and create more agile and efficient applications, operations and platforms,” said Daniel Adamany, CEO of AHEAD. “This is a pivotal moment in our history, and we can’t wait to get to work with our new partners.”

“With its sophisticated enterprise software and hardware solutions, as well as its growing professional services business, AHEAD attracts a large and loyal customer base with a highly compelling growth trajectory,” said Jared Hendricks, senior managing director at Centerbridge.

“A client-focused culture is the foundation for the company’s product and service offerings, driving customer satisfaction and growth,” added Chris Litchford, managing director at Centerbridge. “We look forward to partnering with AHEAD on its next phase of innovation and growth.”

“We are grateful to have partnered alongside the AHEAD management team. The company has grown tremendously during our investment hold and we’re excited for the opportunity going forward for AHEAD and their new partners,” said Jeff Vogel, partner at Court Square.

Guggenheim Securities, LLC served as exclusive financial advisor to AHEAD and Court Square on the transaction. Dechert LLP served as legal counsel to AHEAD and Court Square. Jefferies LLC, RBC Capital Markets and Deutsche Bank served as exclusive financial advisors to Centerbridge. RBC Capital Markets, Deutsche Bank, Barclays, KKR Capital Markets and Macquarie Capital are providing financing for the deal. Kirkland & Ellis LLP served as legal counsel to Centerbridge Partners. Ropes & Gray LLP served as legal counsel to Berkshire Partners.

About AHEAD

AHEAD builds platforms for digital business. By weaving together advances in enterprise cloud infrastructure, intelligent operations, and modern applications, we help enterprises deliver on the promise of digital transformation. Learn more at www.thinkahead.com.

About Centerbridge Partners

Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines—from private equity to credit and related strategies, and real estate—in an effort to find the most attractive opportunities for our investors and business partners. The Firm was founded in 2005 and as of June 30, 2020 has approximately $26 billion in capital under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies to help companies achieve their operating and financial objectives. For more information, please visit www.centerbridge.com.

About Berkshire Partners

Berkshire Partners, a Boston-based investment firm, has made more than 130 private equity investments since its founding over 30 years ago. Berkshire has developed industry experience in several areas including business services & technology, communications, consumer, healthcare, and industrials. Berkshire has a strong history of partnering with management teams to grow the companies in which it invests. For additional information, visit www.berkshirepartners.com.

About Court Square Capital Partners

Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 230 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $7.0 billion of assets under management and is based in New York, N.Y.

Source: Business Wire

APG and Fiera Infrastructure to Acquire Conterra Networks as Platform to Grow US Fiber Infrastructure

CHARLOTTE / NEW YORK / TORONTO (June 30, 2020) /PRNewswire/ — Conterra Ultra Broadband Holdings, Inc. (“Conterra Networks”, “Conterra” or “the Company”) announced today the execution of a definitive agreement for affiliates of APG Group NV (“APG”) and affiliates of Fiera Infrastructure Inc. (“Fiera Infrastructure”), along with significant participation by the Company’s senior management team, to acquire the remaining indirect equity interests of the Company not already owned by Fiera Infrastructure, from affiliates of Court Square Capital Partners (“Court Square”) and certain other indirect equity holders of Conterra (the “Transaction”).

Conterra Networks, headquartered in Charlotte, North Carolina, is one of the largest independent fiber infrastructure services providers in the United States, with an 11,100-route mile fiber network that brings high-capacity customized middle and last-mile fiber and wireless services to enterprise, carrier, education, government and data center customers across 21 states in the Southeast, South Central and Western US.

Craig Gunderson, President & CEO of Conterra, commented, “On behalf of the Conterra management team and our employees, we are excited to be partnering with APG and Fiera Infrastructure, two exceptionally well capitalized institutions with significant experience growing infrastructure businesses. With their financial strength and support, we will accelerate our expansion plans in Tier II and Tier III markets through the rapid expansion of our fiber networks, strategic acquisitions and enhanced fiber-based solutions, while remaining fully committed to delivering an exceptional customer experience.”

Mr. Gunderson continued, “I would like to acknowledge the Conterra employees who have grown Conterra into what it is today, the trust from our customers, the outstanding guidance from Court Square over the last six years and the support from all of our vendor partners, each of whom made this day a reality.”

APG is one of the largest pension fiduciary asset managers in the world, working for over 22,000 employers and providing the pension for one in five families in the Netherlands (approximately 4.7 million participants). APG is one of the most active infrastructure investors globally, including a growing global presence across the telecommunications sector. Steven Hason, Americas Head of Real Assets, commented, “On behalf of our clients, APG is pleased to announce this investment in Conterra Networks. APG’s long-term approach to investing in infrastructure complements Conterra’s long-term growth plans. This investment will position Conterra to provide vital infrastructure to underserved markets and customers well into the future. APG looks forward to our partnership with both Fiera Infrastructure and the Conterra management team.”

Fiera Infrastructure acquired a significant equity interest in the Company in April 2019, and the Transaction represents the culmination of Fiera Infrastructure’s plan to acquire additional equity interests.

Fiera Infrastructure is a leading global mid-market direct infrastructure investor and an affiliate of Fiera Capital Corporation (TSX: FSZ). Fiera Infrastructure’s interests in Conterra are held in its EagleCrest Infrastructure strategy. “Fiera Infrastructure looks forward to working closely with our new partner APG in support of Conterra’s solid management team and employee base as they continue to execute upon their expansion strategy,” said Alina Osorio, President of Fiera Infrastructure. Jamie Crotin, Managing Director of Fiera Infrastructure, added that “Conterra provides a very strong platform on which we will continue to grow the Company, through both organic network builds and acquisitions.”

Holders of the Company’s first and second lien debt facilities have consented to the Transaction. Conterra’s senior debt facilities are rated by Moody’s and Standard & Poor’s.

Closing of the Transaction is subject to customary closing conditions including required regulatory approvals.

About Conterra Networks

Founded in 2003, and now operating approximately 11,100 fiber route miles, Conterra is one of the largest independent broadband infrastructure companies in the United States.

About APG

APG is the largest pension delivery organisation in the Netherlands; its approximately 3,000 employees provide executive consultancy, asset management, pension administration, pension communication, and employer services. APG performs these services on behalf of pension funds and employers in the sectors of education, government, construction, cleaning and window cleaning, housing associations, energy and utility companies, sheltered employment organizations, and medical specialists. APG manages approximately €512 billion (April 2020) in pension assets for the pension funds in these sectors. APG works for approximately 22,000 employers, providing the pension for one in five families in the Netherlands (about 4.7 million participants). APG has offices in Heerlen, Amsterdam, Brussels, New York and Hong Kong.

APG has been an active infrastructure investor since 2004, investing approximately €16.0 billion to date and managing 36 direct stakes in portfolio companies. APG’s investments include assets within energy and utilities, telecommunications, and transport infrastructure. APG’s Global Infrastructure team is comprised of 35 investment professionals.

About Fiera Infrastructure

Fiera Infrastructure is a leading global mid-market direct infrastructure investor operating across all subsectors of the infrastructure asset class. Led by a team of highly experienced and specialized professionals, the firm leverages strong global relationships, with a local presence in both Toronto, London and New York. Its rigorous approach to investment and asset management aligns with its long-term approach. Fiera Infrastructure has assets under management and commitments of C$2.1 billion as at March 31, 2020. Fiera Infrastructure has invested in 35 infrastructure assets across utilities, telecommunications, transportation, renewables and PPPs. For further information, please visit https://www.fierainfrastructure.com

About Court Square

Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 230 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $7.1 billion of assets under management and is based in New York, N.Y.

Advisors

Weil, Gotshal & Manges LLP acted as corporate counsel and Harris, Wiltshire & Grannis LLP serves as regulatory counsel to Fiera Infrastructure and APG, and Goulston & Storrs PC served as legal counsel to APG. TD Securities and Evercore served as financial advisors, and Dechert LLP acted as corporate counsel to Conterra and Court Square and Morgan, Lewis & Bockius LLP serves as regulatory counsel to Conterra.

Source: Conterra Ultra Broadband Holdings, Inc.

J. Knipper and Company, Inc. and Court Square Capital Partners Announce Recapitalization of Privately Held Company

One of the Largest U.S. Suppliers of Pharmaceutical Samples Management Services, Combined with Its Rapidly Growing Specialty Pharmacy and Third-Party Logistics Business is Poised for Continued Growth with Private Equity Capital and Retention of Knipper Leadership Team

Court Square Appoints Michael Laferrera as New Chief Executive Officer of Knipper; Elevates Frank McNicholas to Chief Operating Officer, in Addition to His Chief Financial Officer Role

LAKEWOOD, N.J. – October 2, 2019 − J. Knipper and Company, Inc. (the “Company”), one of the largest suppliers of end-to-end pharmaceutical samples management services in the U.S., and Court Square Capital Partners (“Court Square”), a middle market private equity firm, today announced a recapitalization of the Company and its affiliate KnippeRx, an independent specialty pharmacy. The Knipper family is selling its majority shares after 33 years of ownership, and will remain as a minority owner of the Company.

Court Square brings one of the most experienced investment teams in the industry, having completed more than 230 platform investments over a 40-year history, including several leading healthcare businesses such as AmeriSourceBergen (formerly Alco Health Services), Harvard Drug Group, National Distribution & Contracting, and others.

“This recapitalization is a significant milestone for our Company, customers, employees and colleagues,” said James Knipper, founder, owner and outgoing CEO of J. Knipper and Company, Inc. “From the Company’s humble beginning 33 years ago, our mission has been to deliver exceptional client service, improve patients’ lives, and to be a great place for our employees to work. In partnership with Court Square, J. Knipper and Company and KnippeRx are well-positioned to continue its mission and realize accelerated growth.”

As a result of the recapitalization, Court Square appointed Michael Laferrera as the new Chief Executive Officer and Frank McNicholas as Chief Operating Officer in addition to his Chief Financial Officer responsibilities. In his 11-year tenure at J. Knipper and Company, Inc., Laferrera served the last 7 years as President and Chief Operating Officer for the Company, and McNicholas has been a member of the Company’s leadership team for nearly 10 years as Chief Financial Officer. No other changes to the leadership team or Company were made as a result of the recapitalization.

“Working closely with Jim and the leadership team over these past 11 years, I’ve come to know our customers and employees, and have tremendous respect for the foundation and rich heritage that is unique to Knipper,” said Michael Laferrera, CEO of J. Knipper and Company. “Today marks a new chapter in the Company’s dedication to being the nation’s most complete provider of integrated therapeutic services and solutions across the spectrum of patient care – from initiation to continuation of therapy – for manufacturers, patients, providers and payers.”

The recapitalization of J. Knipper and Company and KnippeRx is designed to accelerate growth, enhance competitive positioning within the marketplace, and ensure the Company will continue to have a strong leadership team. The leadership team is focused on continuing to deliver excellent customer service to help improve patients’ lives and maintaining a strong culture and workplace for its employees.

Edgemont Capital Partners served as the exclusive financial advisor to J. Knipper and Company, Inc. in its transaction with Court Square Capital Partners.

About J. Knipper and Company, Inc.
J. Knipper and Company, Inc., one of the largest suppliers of end-to-end pharmaceutical samples management services in the U.S. has been purpose-built on a strong foundation of more than 30 years of healthcare service and excellence. The Company has locations throughout New Jersey and Indiana. For more information on J. Knipper and Company, please visit www.knipper.com.

About KnippeRx Inc.
KnippeRx is a highly nimble, independent specialty pharmacy that was purpose-built to overcome the complex barriers to access, providing the shortest possible path from initiation of script to delivery of essential therapy. As a patient-centric focused pharmacy, KnippeRx provides personalized patient assistance that includes PAP and starter dispensing of specialty therapies, high-touch biologics, and other products requiring temperature control. Our clear concentration enables us to provide exceptional services to manufacturers, patients, providers, and payers—in a manner never before offered in the specialty care environment.

KnippeRx uniquely addresses the industry’s expressed need for increased speed to therapy and improved patient outcomes. We call it CARE. AT THE SPEED OF NEED. For more information, visit www.knipperx.com.

About Court Square Capital Partners
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 230 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general
industrial, healthcare, and technology and telecommunications sectors. The firm has $6.6 billion of assets under management and is based in New York, N.Y. For more information on Court Square, please visit www.courtsquare.com.

Source: Knipper

Getaroom Sold to Private Equity Firm Court Square Capital Partners

The co-founders of Getaroom have sold a majority stake in the business-to-business hotel and vacation rental provider to private equity firm Court Square Capital Partners, whose other holdings include car rental company Auto Europe.

Getaroom President Bob Diener told Skift Tuesday that he and his business partner for the past 35 years, Getaroom CEO Dave Litman, still maintain a substantial minority stake in Getaroom, and sold the larger stake to help the company reach the next level, including accelerating international expansion.

Diener and Litman, former college roommates, co-founded Hotels.com in 1991, and sold a majority stake in that company in 1999 to USA Networks. Diener said he and Litman retain more of a stake in Getaroom after the Court Square deal than they did after initially selling Hotels.com to USA Networks.

Getaroom and New York-based Court Square did not disclose additional terms of the deal. With 300-500 employees, one company-owned call center, and four additional calls centers, Getaroom will do more than $1 billion in gross sales in 2018, Diener said.

He added that Getaroom has been self-funded until now, and has been profitable for the past five or six years.

Dallas-based Getaroom launched in 2009 as a hotel-booking site for consumers, but soon thereafter pivoted into a business-to-business provider of hotels — and lately vacation rentals, too — to affiliates, including online travel agencies, metasearch sites, airlines, destination sites, and membership clubs, for example.

Under the Getaroom business model, it contracts with hotels for published rates, unpublished rates sold through its call centers, and member-only rates for people who belong to membership clubs.

“Nothing has changed in the day-to-day but we now have a faster growth trajectory and we have more resources,” said Diener of the Court Square sale. He said there will be no layoffs, and the Getaroom name stays the same.

Court Square, which specializes in midsize companies, has plenty of travel and international experience, he said. In addition to owning Munich, Germany-based car rental firm Auto Europe, it previously was an owner of global distribution system Worldspan under Court Square’s prior name, Citigroup Venture Capital Equity Partners.

“Our door was banged and knocked on a lot in the last couple of years,” Diener said, but opted to sell now so it could transition to “the next level” because of Court Square’s tech resources, financial stature, and international experience.

Diener said the company offers some 200,000 hotels, and about `10,000 professionally managed vacation rentals. In addition to English, Getaroom has sites in Spanish and German.

The Getaroom-Court Square deal closed August 23, but hasn’t been reported until now.

Houlihan Lokey served as a financial advisor to Getaroom, and Lidji Dorey & Hooper offered legal advice. Dechert LLP served as legal advisor to Court Square.

Source: Skift, Dennis Schaal

Momentum Telecom To Receive Majority Investment From Court Square Capital

Momentum to Continue to Drive Growth and Enable Customers to Thrive

BIRMINGHAM, Ala. – March 12, 2018— Momentum Telecom, one of the premier providers of Business Voice, Broadband Management and Unified Communications solutions today announced that it has entered into a definitive agreement through which Court Square Capital Partners, along with substantial participation by the company’s senior management team, will lead an equity investment that will result in the purchase of a majority interest in Momentum Telecom. Terms of the transaction were not disclosed.

Momentum Telecom will utilize the investment to further accelerate its already tremendous growth in the cloud communications space through acquisitions, new product offerings and investments in internal teams.

“Momentum Telecom is proud that our past success has attracted elite investors such as Court Square Capital Partners,” said Momentum’s CEO, Bill Fox. “Our goal has been and continues to be to enable our customers to thrive and this partnership allows us to do that in a more substantial way than ever before.”

The transaction is expected to close in Q3 following regulatory approval. The Bank Street Group LLC served as Momentum’s exclusive financial advisor in connection with this transaction. Bradley Arant Boult Cummings LLP served as legal counsel to Momentum in connection with this transaction. SunTrust Robinson Humphrey served as financial advisor to Court Square in connection with this transaction. Dechert LLP served as legal counsel to Court Square in connection with this transaction.

For more information about Momentum Telecom visit momentumtelecom.com or call 877-251-5554.

ABOUT MOMENTUM
Momentum Telecom is one of the premier providers of Business Voice, BBX Broadband Management and Unified Communications solutions. Momentum’s solutions offer smart, customizable cloud-based applications including voice, video and collaboration tools that enhance business productivity and efficiency for direct customers and more than 500 nationwide white label and channel partners. Momentum Telecom is committed to delivering reliable and innovative products backed by a geo-redundant network paired with industry-leading uptime and customer service. Headquartered in Birmingham, AL, Momentum Telecom has regional offices actively serving customers across the United States. To learn more visit momentumtelecom.com or connect with us on Facebook, Twitter, LinkedIn or visit our blog. At Momentum Telecom, our mission is to enable others to thrive by combining smarter technology with seasoned experts while delivering unmatched customer experience.

ABOUT COURT SQUARE
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed 220 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $4.2 billion of assets under management and is based in New York, N.Y.

Source: Momentum Telecom

Virtium Secures Investment by Court Square Capital Partners

Major Financial Sponsor Invests in Leading Industrial Solid-State Storage and IoT Solutions Provider to Support Continued Growth and Customer Demand

May 16, 2019 08:00 AM Eastern Daylight Time

RANCHO SANTA MARGARITA, Calif. –Virtium, a leading provider of solid-state drive (SSD) and memory solutions for the Industrial Internet of Things (IIoT) market, today announced it has secured an investment from Court Square Capital Partners (“Court Square”). Court Square and Virtium will partner to drive design innovations and develop next-generation SSDs and other semiconductor modules to address multiple markets’ growing demand for secure data storage in the 4G/5G mobile infrastructure
Court Square brings one of the most experienced investment teams in the industry, having completed over 225 investments, including leading technology firms such as Fairchild, Intersil, AMI Semiconductor and others. Over a 40-year history, Court Square has successfully navigated through numerous economic, industry and financial cycles, completed multiple landmark transactions, and developed numerous businesses into market leaders.

“Partnering with Court Square is strategic for Virtium to enter our next phase of growth,” said Phu Hoang, co-founder, CEO, and Board member of Virtium. “Our customers worldwide will be pleased with the investments made to continue our innovations to support their growing demands for high-reliability memory and SSDs. We would like to thank our exiting partner, L Squared Capital, who has been instrumental in providing guidance and support over the past four years for us to be able to drive innovations and assemble a world-class management team and board members.”

“Virtium has a strong history of founder-led growth supported by a world-class management team,” said Joseph Silvestri, Managing Partner at Court Square. “Court Square has deep domain expertise in the semiconductor space. We are excited to combine our experience and resources with the excellent operators at Virtium to position the company for continued success.”

“Virtium’s innovation and strong execution over the past few years has led to more than doubling of revenue and its management team has proven to be able to drive continued organic growth,” said Steve Litchfield, a Virtium Board member. “Virtium is in a strong position to acquire companies in a similar space. It is the company to watch over the next couple years.”

About Virtium
Serving the world’s top industrial embedded OEM customers for more than two decades, Virtium designs, builds and supports solid-state-storage, memory and semiconductor modules in the USA. It provides a dedicated software team for custom storage solutions – all fortified by a network of global locations. The company’s intelligent industrial embedded solutions provide the robust performance, reliability and functionality needed in the most demanding applications. For more information on Virtium, please visit www.virtium.com.

About Court Square Capital Partners
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 225 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $6.2 billion of assets under management and is based in New York, N.Y. For more information on Court Square, please visit www.courtsquare.com.

Source: Virtium

Integrated Prescription Management Receives Growth Investment

Fresno, CA – August 20, 2018 – Integrated Prescription Management (“IPM” or the “Company”) announced it has received a growth investment from Court Square Capital Partners (“Court Square”), a leading middle market private equity firm. IPM is a full-service pharmacy benefit manager (“PBM”), exclusively focused on middle market commercial clients throughout the United States.

“This is a significant milestone for our Company,” said W. Troy Collins, founder and CEO of IPM. “Our mission is to improve the lives and health outcomes for our members and clients, and with the support of Court Square we will be able to accelerate our investments in capabilities, services, and infrastructure to better serve our community of members.”

IPM has been recognized eight times on the Inc. 5000 fastest growing private company list and has grown its national presence through offices in California, Texas, and Georgia. The Company is one of the few independent, national PBMs that can service clients of all sizes, including self-insured employers, TPAs, government entities, and health plans. The executive team of IPM will continue to lead the Company.

Integrated Prescription Management was advised by Covington Associates LLC and by Foley Hoag LLP.

About Integrated Prescription Management
Founded in 2009 and based in Fresno, CA, Integrated Prescription Management is a full-service pharmacy benefit manager committed to acting as a catalyst of healthy outcomes for its members and the community through collaboration, data integration, and investment in progressive healthcare solutions. IPM is committed to providing members and clients with the tools they need to create positive change and a lifetime of healthy habits, through treatment adherence initiatives, finding affordable long term medication options, and encouraging members to become advocates for their own health. Learn more at www.rxipm.com.

Source: Company.

Court Square & HGGC to Merge Market Research Leaders Research Now & SSI

PALO ALTO AND NEW YORK; October 12, 2017—HGGC and Court Square Capital (“Court Square”) today announced the signing of a definitive agreement to merge Court Square-owned Research Now, a global leader in market research data with Survey Sampling International (“SSI”), an HGGC-owned provider of data solutions and technology for consumer and business-to-business research. The combined company will continue to be owned by HGGC and Court Square with management having a significant stake in the business. Terms of the private transaction were not disclosed.

The combined capabilities of Research Now and SSI–including first-party data, technology platforms, and partnerships with major brands, publishers and ad tech providers–will position the integrated organization to expand the core business and compete in new markets such as audience activation, analytics, path to purchase and measurement.

Based in Shelton, Connecticut, and founded in 1977, SSI is a leading provider of data solutions and technology for consumer and business-to-business survey research. SSI reaches participants in 90 plus sample countries via internet, telephone, mobile/wireless, and mixed-access offerings. SSI staff operates from 40 offices and serves more than 3,500 customers worldwide. Since HGGC acquired SSI in 2014, the company has grown core revenue by more than 40 percent, significantly expanded its B2B business segment, and completed a number of strategic acquisitions to drive growth.

Research Now is a global leader in digital research data for better insights and business decisions. Founded in 1999, and headquartered in Plano, Texas, the company is a pioneer in originating online data sampling and created the first B2B panel. Research Now provides research data solutions that enable better decisions and better results for its 3,000 market research, consulting, media, and corporate clients through access to over 11 million deeply-profiled business professionals and consumers in more than 40 countries. Research Now has locations across the Americas, Europe, the Middle East, and Asia-Pacific. Court Square acquired Research Now in 2015.

“Together, we can advance the state-of-the-art in automated research, delivery and solutions as well as in research-enriched data integration to give our customers increased competitive advantage,” said Gary Laben, CEO of Research Now.

“The combination will also enable accelerated investments in the development of new markets and data solutions that should ultimately help our customers grow their businesses more successfully,” said Chris Fanning, president and CEO of SSI.

“Under our ownership, SSI has extended its reach and product capabilities tremendously, including expanding by 4x its revenues derived from strategic B2B services to clients,” said Steve Young, Co-Founder and Managing Director of HGGC. “This merger is a natural next step to create an organization that can meet the growing demands of global customers of all sizes.”

“The Research Now management team has done an excellent job of positioning the company for the next phase of growth,” said John Civantos, Managing Partner at Court Square. “We look forward to partnering with HGGC and working towards a successful merger of two great companies.”

The transaction is expected to close by the end of the year, and remains subject to the receipt of required regulatory approvals and the satisfaction of other customary closing conditions.

Goldman Sachs & Co. LLC and Morgan, Lewis & Bockius served as advisors to Court Square on the merger and Harris Williams & Co. and Kirkland & Ellis advised HGGC.

About Court Square

Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 215 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $4.4 billion of assets under management and is based in New York, N.Y.

About HGGC

HGGC is a leading middle-market private equity firm with $4.3 billion in cumulative capital commitments. Based in Palo Alto, Calif., HGGC is distinguished by its “Advantaged Investing” model that enables the firm to source and acquire scalable businesses at attractive multiples through partnerships with management teams, founders and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. Over its history, HGGC has completed more than 75 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of more than $16 billion.

Court Square to Invest in Terra Millennium

October 14, 2016 – WSJ Pro Private Equity – Court Square Capital Partners said it agreed to invest in industrial services business Terra Millennium Corp.

Court Square said the investment, the terms of which weren’t disclosed, will allow Terra Millennium “to accelerate key growth opportunities,” according to a news release.

Terra Millennium provides services to the power-generation, refining, petrochemical, mining, solar, mineral processing and steel industries in the U.S. and Canada. Founded in 1987, the Richmond, Calif., company employs more than 1,800 people. Wells Fargo Securities advised Terra Millennium on the transaction.

Court Square, which was spun out from Citigroup Inc. in 2006, manages more than $5 billion in capital commitments.

The New York firm, which targets North American companies with enterprise values of $150 million to $1.5 billion, is focused on four sectors: business services; general industrial; healthcare; and technology and telecommunications.

Source: WSJ Pro Private Equity