Kohlberg & Company

Riveron Makes Investment in Southern California

Retrieved on: 
Mittwoch, Juni 5, 2024

Riveron , a national business advisory firm focused on serving the office of the CFO , private equity, and other capital providers, announced a strategic investment in Southern California.

Key Points: 
  • Riveron , a national business advisory firm focused on serving the office of the CFO , private equity, and other capital providers, announced a strategic investment in Southern California.
  • To better serve clients among public companies, private companies, and their sponsors, Riveron has opened a new office in Orange County and named new leadership – Scott Gorrell as Southern California Market Leader along with Brad Webster , Jeff Perea , and Scott Robinson to lead growth in Southern California.
  • “Historically, Riveron has counseled organizations in Southern California, especially in the areas of accounting advisory , IPO readiness , and restructuring and turnaround services,” said Sam Shaw, Riveron’s Chief Executive Officer.
  • Capital - which is continuing its partnership with Riveron through a minority investment.

Riveron Deepens Business Advisory Presence in South Florida

Retrieved on: 
Montag, Mai 13, 2024

Riveron , a national business advisory firm focused on serving the office of the CFO , private equity, and other capital providers, announced a strategic investment and leadership expansion in South Florida.

Key Points: 
  • Riveron , a national business advisory firm focused on serving the office of the CFO , private equity, and other capital providers, announced a strategic investment and leadership expansion in South Florida.
  • Rick Gonzalez , has been hired as the Riveron South Florida market leader along with transactions services experts Rick Kapp and Sylvain Dominici.
  • The expanded team aims to deepen the firm’s presence in the region, a fast-growing geographic hub for private equity, public, and private companies.
  • “With our expanded local presence, I have full confidence Rick and the Riveron South Florida team will comprehensively serve the varied needs of businesses in this strategic market.”

BluSky Restoration Contractors Announces Leadership Changes

Retrieved on: 
Mittwoch, April 17, 2024

DENVER, April 17, 2024 /PRNewswire-PRWeb/ -- BluSky Restoration Contractors, LLC, a leading national property restoration company in the U.S., announced last week that Kent Stemper, current Vice Chairman of the Board, has rejoined the company as Chief Executive Officer. Stemper, who previously served as BluSky's CEO for seven years from 2014 to 2021, will remain a member of the Board of Directors.

Key Points: 
  • BluSky Restoration Contractors, LLC, a leading national property restoration company in the U.S., announced last week that Kent Stemper, current Vice Chairman of the Board, has rejoined the company as Chief Executive Officer.
  • DENVER, April 17, 2024 /PRNewswire-PRWeb/ -- BluSky Restoration Contractors, LLC , a leading national property restoration company in the U.S., announced last week that Kent Stemper, current Vice Chairman of the Board, has rejoined the company as Chief Executive Officer.
  • "I am proud of the team at BluSky and the goals we have achieved over the last several years.
  • BluSky has been jointly owned by leading private markets firms Partners Group, acting on behalf of its clients, and Kohlberg & Company ("Kohlberg") since October 2021.

USIC Announces Appointment of President and CEO

Retrieved on: 
Mittwoch, Februar 28, 2024

USIC, North America’s leading provider of underground utility locating services, announced today the appointment of Yuvbir Singh as President and Chief Executive Officer.

Key Points: 
  • USIC, North America’s leading provider of underground utility locating services, announced today the appointment of Yuvbir Singh as President and Chief Executive Officer.
  • Ron Childress, USIC’s interim CEO, has held the position since September 2023 and will return to his previous role as a member of USIC’s Board of Directors.
  • “USIC and our customers will benefit from his extensive experience and innovative approach.
  • Partners Group originally invested in USIC in 2017 and partnered in November 2022 with a Kohlberg-led consortium, including funds managed by Mubadala and Neuberger Berman.

Worldwide Clinical Trials Completes Recapitalization with Kohlberg & Company

Retrieved on: 
Dienstag, Dezember 12, 2023

Worldwide Clinical Trials (“Worldwide”), a privately held, leading global, full-service contract research organization (“CRO”), has announced the closing of its previously announced recapitalization that gives funds managed by Kohlberg & Company, LLC (“Kohlberg”), a leading private equity firm with over 35 years of experience partnering with management and companies like Worldwide, a majority stake in the company.

Key Points: 
  • Worldwide Clinical Trials (“Worldwide”), a privately held, leading global, full-service contract research organization (“CRO”), has announced the closing of its previously announced recapitalization that gives funds managed by Kohlberg & Company, LLC (“Kohlberg”), a leading private equity firm with over 35 years of experience partnering with management and companies like Worldwide, a majority stake in the company.
  • “This is a significant milestone for Worldwide – one that positions us for further growth and expands our ability to deliver best in class partnerships for our customers while cultivating a culture for our team members to do their best, mission-oriented work,” said Peter Benton , President and CEO, Worldwide Clinical Trials.
  • This investment by Kohlberg, and continued investment by TJC, elevates our approach to best support our customers and continue delivering customized clinical research programs.”
    With this transaction, Matt Jennings , Operating Partner of Kohlberg, becomes Chairman of Worldwide’s Board of Directors.
  • Worldwide remains a privately held company with no other changes to its leadership team, employee base, or customer experience.

USIC Announces Leadership Changes

Retrieved on: 
Donnerstag, September 28, 2023

USIC, the leading North American provider of utility location services, announced today that Mike Ryan has retired as USIC’s President and CEO.

Key Points: 
  • USIC, the leading North American provider of utility location services, announced today that Mike Ryan has retired as USIC’s President and CEO.
  • The Company has retained an executive search firm to find a new President and CEO.
  • We owe Mike Ryan an enormous debt of gratitude, and on behalf of the entire USIC team, I wish to thank him for his invaluable contributions.”
    “Since I took the helm of USIC four years ago, we have moved the needle on multiple fronts,” stated Mr. Ryan.
  • Partners Group originally invested in USIC in 2017, and partnered in November 2022 with a Kohlberg-led consortium, including funds managed by Mubadala and Neuberger Berman.

Jack in the Box Inc. Announces Tom Rose as New Del Taco Brand President

Retrieved on: 
Dienstag, September 12, 2023

Jack in the Box Inc. (NASDAQ: JACK) announced that Tom Rose will assume the role of Del Taco Brand President, effective immediately.

Key Points: 
  • Jack in the Box Inc. (NASDAQ: JACK) announced that Tom Rose will assume the role of Del Taco Brand President, effective immediately.
  • Rose is a 30-plus-year veteran in the restaurant business with a proven track record in various corporate and franchise leadership roles.
  • Most recently, he consulted Jack in the Box on the recent initiative to improve the company-owned Kansas City market.
  • “I couldn’t be more excited about the opportunity to be a part of an organization with such a bright future.”

Riveron Names Sam Shaw as Next Chief Executive Officer

Retrieved on: 
Dienstag, August 22, 2023

Riveron, a national business advisory firm focused on serving the office of the CFO , private equity , and other capital providers, announced today that Sam Shaw will succeed Julie Howard as chief executive officer, effective October 1, 2023.

Key Points: 
  • Riveron, a national business advisory firm focused on serving the office of the CFO , private equity , and other capital providers, announced today that Sam Shaw will succeed Julie Howard as chief executive officer, effective October 1, 2023.
  • Prior to joining Riveron, Shaw capped 15 years of diverse experience at Grant Thornton by serving as its CFO.
  • "Sam is a highly accomplished leader in the professional services industry and has been an invaluable strategic thought partner to me during his time at Riveron," said current CEO Julie Howard.
  • I look forward to seeing all that Riveron will achieve with Sam at the helm."

Kohlberg & Company to Acquire Majority Stake in Engage PEO

Retrieved on: 
Mittwoch, August 9, 2023

Kohlberg & Company, LLC (“Kohlberg”) today announced a strategic partnership with Engage PEO (“Engage” or "the Company"), a leading professional employer organization (“PEO”) providing HR outsourcing solutions to small and mid-sized businesses across the U.S., providing a critical competitive advantage.

Key Points: 
  • Kohlberg & Company, LLC (“Kohlberg”) today announced a strategic partnership with Engage PEO (“Engage” or "the Company"), a leading professional employer organization (“PEO”) providing HR outsourcing solutions to small and mid-sized businesses across the U.S., providing a critical competitive advantage.
  • As part of this transaction, Kohlberg will acquire a majority stake and partner with existing investor Lightyear Capital LLC (“Lightyear”), and the Engage management team, both of which will retain a minority investment, to further accelerate the company’s strong growth trajectory.
  • In an environment where talent is more important than ever, Engage has successfully helped its clients navigate an increasingly complex HR and regulatory landscape.
  • “Engage provides a truly differentiated PEO service offering that delivers unique value to its clients and channel partners,” said Alex Forrey, Managing Director at Kohlberg & Company.

Kohlberg signs a definitive agreement to acquire majority stake in Worldwide Clinical Trials

Retrieved on: 
Montag, August 7, 2023

Following the sale to Kohlberg, TJC will retain a meaningful minority equity stake in the Company.

Key Points: 
  • Following the sale to Kohlberg, TJC will retain a meaningful minority equity stake in the Company.
  • The transaction is expected to close in the fourth quarter of 2023, subject to regulatory approvals and customary closing conditions.
  • With more than 3,200 employees across nearly 60 countries, Worldwide is therapeutically focused on cardiovascular, metabolic, neuroscience, oncology, and rare diseases.
  • Centerview Partners LLC served as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to Kohlberg.