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Platinum Equity Acquires Healthcare Products Distributor NDC From Court Square Capital Partners

LOS ANGELES, March 8, 2021 — Platinum Equity announced today the acquisition of NDC, a healthcare supply chain company and distributor of consumable healthcare supplies, from an affiliate of Court Square Capital Partners.

Headquartered in Nashville, Tenn., NDC is one of the largest master distributors in healthcare and serves as an essential intermediary between medical supply manufacturers and a highly-fragmented base of regional and specialty distributor customers.

“NDC has built an impressive national distribution platform with substantial opportunity for growth,” said Platinum Equity Managing Director Jason Price. “The company has strong leadership, a service-oriented culture and a unique value proposition that makes the delivery of medical supplies more efficient. Our plan is to continue building scale organically and through additional partnerships or M&A activity to grow the company’s footprint and expand its base of customers and suppliers.”

NDC’s platform provides access to an inventory of approximately 53,000 different products from more than 400 manufacturers serving the primary care, acute care, dental, physical therapy, long-term care, home care and other specialty end markets.

“We are proud to have partnered with Mark Seitz and the NDC management team over the past five years to grow its diverse customer base, product lines and end markets,” said Jeff Abramoff, Partner at Court Square. “The success of this transaction is a result of the differentiated position NDC has in the healthcare supply chain and outstanding work from the NDC management team.”

NDC President and CEO Mark Seitz, who has been with the company for 16 years, will continue to lead the business under Platinum Equity’s ownership.

“This exciting and transformational partnership with Platinum Equity better positions our company to meet the demands of our dynamic industry,” said Mr. Seitz. “NDC’s culture is the foundation for our success and we will continue to serve you as your trusted supply chain partner to deliver efficiency to healthcare.”

Latham and Watkins served as legal advisor to Platinum Equity on the acquisition of NDC. BMO Harris Bank provided financing for the transaction.

William Blair & Company, Cantor Fitzgerald & Co. and Robert W. Baird & Co. served as financial advisors to Court Square and Dechert served as its legal advisor on the transaction.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $23 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years Platinum Equity has completed more than 300 acquisitions.

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 235 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. For more information on Court Square, please visit www.courtsquare.com.

About NDC

Founded in 1953, NDC provides complete supply chain solutions to distributors, manufacturers, GPOs and providers. With strategically located distribution centers across the United States, NDC serves the full continuum of healthcare, specializing in medical, dental, physical therapy, LTC, homecare and specialty end markets. As a leading provider of both upstream and downstream services to the largest distributor network in North America, NDC offers custom solutions for master distribution, last-mile delivery and vaccine buying groups. Learn more at www.ndc-inc.com.

Source: Platinum Equity

Thrive Completes Recapitalization with Court Square Capital to Accelerate Growth

The investment will enhance the client experience, facilitate geographic expansion and enrich Next Generation Platform automation capabilities

FOXBORO, MA. – January 28, 2021 Thrive, a leading provider of technology managed services, is pleased to announce that it has finalized a majority recapitalization with Court Square Capital Partners to reinforce its prominent market position. In addition to Court Square, Thrive’s existing financial sponsor, M/C Partners is continuing to participate alongside a substantial ownership stake by the company’s senior management team.

With their new partners, Thrive will accelerate its formidable investments in its Next Generation Technology including ServiceNow, Automation and AI. In addition, the Company intends to expand its customer success, sales and marketing teams, technical talent, Cybersecurity, and other product offerings, in addition to continued geographic expansion, both organically and via acquisition.

“Thrive is proud to have built a company whose business model has been validated by a sophisticated technology services investor with a strong track record like Court Square.” said Rob Stephenson, Thrive CEO. “Our goal has always been to be viewed as a leader in the managed services space and this partnership will greatly benefit our existing customers, as well as provide an opportunity to expand our Cloud, Cybersecurity and ServiceNow-Powered Next Generation Managed Services Platform to new clientele.”

“Court Square is excited about the opportunity to partner with Thrive’s management team to continue to grow their managed services practice.” said Jeff Vogel, Managing Partner at Court Square.

“We’ve been actively pursuing an investment in this space for a long time and believe Thrive’s NextGen Platform provides a differentiated competitive edge in the marketplace,” added Matt Dennett, Principal at Court Square.

“M/C remains a strong advocate of Thrive, its management team, business model and continued trajectory of success.” said Gillis Cashman, Managing Partner at M/C Partners. “We’re thrilled for the opportunity to carry on as investors and partner with Court Square Capital Partners in this next phase of growth.”

Drake Star Partners served as financial advisor and Choate, Hall & Stewart LLP and the BRL Law Group served as legal counsel to the Company on this transaction. Raymond James and 7Mile Advisors served as financial advisors and Dechert LLP served as legal counsel to Court Square Capital. Alliance Bernstein provided financing for the transaction.

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About Thrive

Thrive is a leading provider of NextGen managed services designed to drive business outcomes through application enablement and optimization. The company’s Thrive5 Methodology utilizes a unique combination of its Application Performance Platform and strategic services to ensure each business application takes advantage of technology that enables peak performance, scale, and the highest level of security. For more information, visit thrivenextgen.com

Thrive: LinkedIn, Twitter, Facebook, YouTube and Instagram

MEDIA CONTACT:

Stephanie Farrell, Director of Corporate Marketing

617-952-0289 | sfarrell@thrivenetworks.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 235 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. For more information on Court Square, please visit www.courtsquare.com.

About M/C Partners

M/C Partners is a private equity firm focused on small and mid-size businesses in the communications and technology services sectors. For more than three decades M/C Partners has invested $2.2 billion of capital in over 130 companies, leveraging its deep industry expertise to understand long-term secular trends and identify growth opportunities. The firm is currently investing its eighth fund, partnering with promising companies and empowering strong leaders to accelerate growth, optimize operations, and build long-term value. For more information, visit www.mcpartners.com.

Source: Thrive

J. Knipper and Company, Inc. Finalizes Acquisition of Eagle Pharmacy to Expand Company’s Pharmacy Programs, Scale and Automation Capabilities

LAKEWOOD, N.J. – November 11, 2020 − J. Knipper and Company, Inc., one of the largest suppliers of end-to-end pharmaceutical healthcare marketing services and solutions in the U.S., and its affiliates, including KnippeRx, announced today the Company has finalized a transaction to acquire Eagle Pharmacy, LLC, a full-service, direct-to-patient (DTP) pharmacy based in Lakeland, Florida.

“Eagle Pharmacy represents a strategic acquisition for Knipper to accelerate delivery on its mission to enhance the patient journey and create the shortest distance between patient and therapy by offering customized pharmacy solutions to pharmaceutical manufacturers, payors, prescribers, and patients,” said Michael Laferrera, CEO of J. Knipper and Company. “This acquisition will combine technology, leadership, and customizable services with highly automated dispensing services to deliver innovative, scalable, and value-added offerings. Our clients – patients, prescribers, and manufacturers – can expect an enhanced offering of services and support from these two leaders in the pharmaceutical channel strategy space.”

Eagle Pharmacy’s location in Lakeland, Florida adds state-of-the-art operational automation and scalability to KnippeRx’s current offerings, while providing pharmaceutical clients separation of customer pharmacy solutions under one trusted partner. Greater than 90 percent of enrollments completed by Eagle result in a shipment and clean orders are processed and shipped in less than one business day. With current operations at only 25 percent capacity, Eagle Pharmacy reaches about 200,000 patients a month, and supports more than 50 customized drug programs.

“Eagle Pharmacy has earned an outstanding reputation in the pharmaceutical industry,” said Stacy Huss, President, Eagle Pharmacy. “Eagle’s drug manufacturer programs are supported by its home delivery pharmacy that has consistently demonstrated unparalleled patient safety and delivery of high-level service to patients, physicians and manufacturers. We are delighted to join J. Knipper and Company and are excited by the opportunity to leverage our combined expertise so that patients and prescribers can have a streamlined alternative to traditional pharmacy channels with transparent timelines and a host of online patient services.”

Since its inception three years ago, KnippeRx has experienced rapid growth, responding to manufacturer needs by adding brand name, direct-to-patient programs to its pharmaceutical client offerings, including expansion of its biologic distribution, specialty dispensing and tech-enabled processing services. KnippeRx is one of the fastest growing providers of Patient Assistance Programs (PAP) services in the U.S. KnippeRx and Eagle Pharmacy are authorized to ship and dispense prescription medications throughout the U.S., the District of Columbia and U.S. territories.

Bass Berry & Sims, PLC provided legal counsel to J. Knipper and Company, Inc. P&M Corporate Finance, LLC served as the exclusive financial advisor to Eagle Pharmacy and Baker Hostetler provided legal counsel.

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 about J. Knipper and Company, please visit https://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 about KnippeRx, please visit https://www.knipperx.com.

About Eagle Pharmacy

Eagle Pharmacy is a patient centric pharmacy that was founded in 2012 with the vision to create a direct-to-patient pharmacy for patients who choose to take a brand name medication but lack affordable access. Eagle Pharmacy supports the stringent storage and handling requirements of pharmaceutical manufacturers, which provides manufacturers greater control over their distribution channel. Eagle has grown to encompass numerous manufacturer programs each uniquely designed to ensure patient access to brand name medications. Eagle Pharmacy specializes in distribution channel strategies that account for the entire lifecycle of a product, from new brand launches to loss of exclusivity. By providing a bridge between manufacturers and patients, Eagle facilitates service offerings that help both physicians and patients overcome financial and access challenges. Eagle’s leadership team collectively has over 50 years of experience in the pharmacy industry, specifically related to pharmacy benefit managers, patient assistance programs, specialty, retail and mail order pharmacy operations as well as reimbursement support services programs.

For more information about Eagle Pharmacy, please visit https://www.eaglepharmacy.com and https://www.eaglesfp.com.

Source: Knipper

Bow River Capital Completes Sale of Veregy, An Award-winning Energy Efficiency Solutions Provider

Bow River Capital (“Bow River”) announced today that it has completed the sale of Veregy to Court Square Capital (“Court Square”).

Veregy is a technology forward, leading independent energy services company (“ESCO”) that offers energy efficiency solutions and smart building technologies. At its core, Veregy develops and implements customized strategies to resolve facility infrastructure challenges while optimizing building performance and reducing energy consumption. Through its expanding team of professionals, Veregy deploys mechanical, plumbing, lighting, solar, battery storage, geothermal, building automation, and demand management measures to complete eco-friendly infrastructure upgrades. Veregy has delivered billions in energy performance contracts for clients in K-12 Education, Local Government, Healthcare, Higher Education, and Commercial sectors. Customers benefit from lower operating costs and greater lifetime savings in a healthier building environment.

“Veregy simplifies complex energy and infrastructure master planning as a trusted partner to its public-sector clients through innovation, access to capital, and technology enablement,” said Greg Hiatrides, Managing Director at Bow River Capital. Hiatrides further stated, “The Veregy team, led by CEO John Hobbes, has done an incredible job building a diversified, independent ESCO that values customer service and innovation. The commitment from our staff is unwavering, and the outcome is better building optimizations that result in immediate and future energy savings for our clients.”

John Hobbes, Veregy’s Chief Executive Officer, said, “Veregy’s brand and success were conceived through our strategic partnership with Bow River Capital. We have and will continue to invest in the best companies, resources, and technologies to address the comprehensive energy efficiency needs of our customers nationwide. Today is both exciting and transformative – we look forward to continuing on our path of customer-centric innovation with the support of our new investor, Court Square. Our customers and employees will be the greatest beneficiary of this new strategic partner.”

Harris Williams served as the exclusive financial advisor to Veregy in connection with the transaction. Brownstein Hyatt Farber Schreck, LLP served as legal counsel to Veregy and Bow River Capital. Lewis Rice served as legal counsel to management.

About Bow River Capital

Bow River Capital is a private alternative asset management company based in Denver, Colorado, focused on investing in the lower middle market in three asset classes, including private equity, real estate, and software growth equity. Bow River Capital’s Private Equity Funds made the investment in Veregy.

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 $7.0 billion of assets under management and is based in New York.

Source: Bow River Capital

Kodiak acquires Carpenter Contractors of America

Kodiak Building Partners’ latest acquisition—its largest yet—will nearly double the company’s headcount.

Don and Ken Thiel of Carpenter Contractors of America, Inc. (CCA) and Kodiak have signed a definitive agreement under which Kodiak will acquire CCA, headquartered in Pompano Beach, Florida. The transaction is expected to close in October.

CCA provides fabricated lumber components and field installation services in the Midwest, Carolinas, and Florida. The company’s main operating locations are in Winter Haven, Forida, Belvidere, Illinois, and Fayetteville, North Carolina. In total the company employs almost 2,000 associates. As with most Kodiak acquisitions, CCA’s existing management team will continue to run the company and will be led by Ken Thiel, the current president and vice chairman.

Founded in 1955 by Don Thiel, with his brother Robert, Carpenter Contractors of America began modestly but evolved to become an industry leader. Don attributes CCA’s success to the ability to hire and retain the very best employees, Kodiak announced in a press release.

“Our focus on staying true to our family-business culture, even as we grew and evolved, was always key, and I am confident that Kodiak will not only respect our culture but also enhance it. It is important to me and my family that with Kodiak’s involvement, our company will continue to grow, improve, and thrive, while caring for our employees and valuing everything that they each bring to the table. I will be able to enjoy my upcoming retirement, knowing that CCA is in good hands,” Don Thiel said.

Ken Thiel echoed his father’s sentiment, commenting that “selling a market-leading 65-year-old family business was a difficult decision but made easier knowing that we would be partnering with a company like Kodiak who understands and respects our hard earned legacy. Our combined organizations will leverage the best of CCA’s manufacturing excellence and customer- centric operating philosophy with Kodiak’s scale and infrastructure.”

“While we recognize areas in which we can complement CCA, Kodiak is also looking forward to learning from them,” said Steve Swinney, Kodiak’s president & CEO. Swinney added that “sharing best practices among our companies only helps us achieve our goal of being better today than we were yesterday. CCA has a very innovative model of combining installation, manufacturing, and supply that sets them far apart from any competitor. The efficiencies that CCA has developed on job sites will be beneficial to our other operations across the country.”

When asked what the company’s plans are for further growth with this combination, Swinney said that the question isn’t ‘what are we going to do’, the question is ‘what aren’t we going to do?’

Paul Hylbert, Kodiak’s chairman, applauded the company that Don Thiel founded and recognizes that this acquisition, as the largest transaction in Kodiak’s nine year history, bolsters its significant position in Florida and grows its presence in attractive long term markets in the Carolinas and Mid-west.

“The considerable scope that CCA adds to the Kodiak family not only broadens our reach, but it assures the ongoing successes, expansions, and enhancements of an already admirable company,” Hylbert said.

Kodiak Building Partners has 83 locations, serves general contractors, homebuilders, sub-contractors, remodelers, and consumers in Arizona, California, Colorado, Delaware, Florida, Idaho, Illinois, Indiana, Kansas, Maryland, Massachusetts, Michigan, Minnesota, Nebraska, North Carolina, Oregon, Texas, Washington, Wisconsin, and Wyoming.

Source: LBM Journal

Medical Knowledge Group Continues Growth With Acquisition Of Magnolia Innovation To Provide Expanded Services To Biopharmaceutical Industry

NEW YORK, Oct. 12, 2020 /PRNewswire/ — Medical Knowledge Group, LLC (“Medical Knowledge Group” or “MKG”), an analytics-driven and technology-enabled multichannel health care marketing and communications conglomerate whose operating companies serve the biopharmaceutical industry, has acquired Magnolia Innovation, a premier market research and strategy consulting firm.

Founded in 2013, Magnolia Innovation has a strong reputation for leveraging market insights to drive business strategy and execution.

“We are excited to welcome Magnolia Innovation into our network to expand our strong capabilities across the drug commercialization process. Magnolia Innovation’s strength in market research complements our robust data analytics capabilities,” said Leon Behar, MKG’s Chief Executive Officer.

“As a part of MKG, Magnolia Innovation can now harness the power of MKG’s proprietary analytic solutions to deliver even better results for clients. Research insights and actionable data continue to be of paramount importance for health care brands, especially in highly uncertain times. We will now have a differentiated approach that extends far beyond what other market research and strategy consulting providers can offer,” said Diego Rodriguez, Managing Principal at Magnolia Innovation.

About Medical Knowledge Group

Medical Knowledge Group, through its operating companies, provides specialized medical communications services, proprietary analytic solutions, and market research services to the biopharmaceutical industry.

For more information, please email us at info@mkgny.com.

About Magnolia Innovation

Magnolia Innovation is a market research and consulting firm focusing exclusively in the life sciences. Magnolia has decades of combined experience building, launching, and redefining biopharmaceutical brands to drive innovation through insights.

For more information, please email us at info@magnoliainnovation.com or call us at 646-586-3080.

SOURCE Medical Knowledge Group

Source: Cision

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