Corporate services

Sun Capital Affiliate Completes Sale of Arrow Tru-Line

Tuesday, September 21, 2021 - 1:30pm

Sun Capital Partners, Inc. (Sun Capital), a leading private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced that its affiliate has completed the sale of Arrow Tru-Line Holding, LLC (Arrow or the Company), the leading independent U.S. provider of sectional overhead garage door components.

Key Points: 
  • Sun Capital Partners, Inc. (Sun Capital), a leading private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced that its affiliate has completed the sale of Arrow Tru-Line Holding, LLC (Arrow or the Company), the leading independent U.S. provider of sectional overhead garage door components.
  • Arrow, acquired by an affiliate of Sun Capital in January 2017, manufactures structurally critical garage door hardware in North America, offering high-quality products including hinges, brackets, angles, and pre-assembled track sets, as well as value-added services.
  • Our investment in Arrow Tru-Line is a great example of the positive impact that we can have through strategic application of our Sun Transformation System, said Marc Leder, Co-CEO of Sun Capital.
  • Operational enhancements put in place during our affiliates ownership helped Arrow capitalize on market tailwinds, nearly doubling EBITDA and extending its market leadership.

Green Dot Appoints Tim Willi to Lead Investor Relations

Monday, September 20, 2021 - 9:57pm

Green Dot Corporation (NYSE: GDOT) today announced Tim Willi has joined the company as SVP of Investor Relations and Corporate Development responsible for communicating financial information, updates and guidance to Wall Street analysts and investors, as well as other strategic initiatives.

Key Points: 
  • Green Dot Corporation (NYSE: GDOT) today announced Tim Willi has joined the company as SVP of Investor Relations and Corporate Development responsible for communicating financial information, updates and guidance to Wall Street analysts and investors, as well as other strategic initiatives.
  • Tim is an exceptional communicator and leader, and we are thrilled to welcome him to the team, said Dan Henry, CEO of Green Dot.
  • Green Dot is a digital banking and fintech pioneer with a unique set of assets and tremendous growth potential, said Tim.
  • Green Dot Bank is a subsidiary of Green Dot Corporation and member of the FDIC1.

HCL Technologies to Drive Digital Speed, Transformation for MKS Instruments

Monday, September 20, 2021 - 2:15pm

HCL Technologies (HCL), a leading global technology company, announced a five-year digital transformation deal with MKS Instruments Inc. , a global provider of instruments, systems, subsystems and solutions for advanced manufacturing processes, to improve performance, productivity and speed to market.

Key Points: 
  • HCL Technologies (HCL), a leading global technology company, announced a five-year digital transformation deal with MKS Instruments Inc. , a global provider of instruments, systems, subsystems and solutions for advanced manufacturing processes, to improve performance, productivity and speed to market.
  • HCL will drive digital and cloud-enabled transformation for MKS Instruments through AI/ML-led automation, enhanced user experience with end-to-end Infrastructure services, digital workplace services and IT transformation.
  • MKS Instruments looks forward to partnering with HCL to enhance its end-user experience by automating operations and migrating us toward a hybrid cloud journey, said Connie Flynn, Chief Information Officer, MKS Instruments.
  • We are excited to partner with MKS to deliver a technology-driven approach to fulfill its business goals and digital transformation roadmap, said Ajay Bahl, Executive Vice President, HCL Technologies.

FinTech and Financial Services Live Investor Conference September 21st

Friday, September 17, 2021 - 5:09pm

NEW YORK, Sept. 17, 2021 /PRNewswire/ --Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Financial Services Virtual investor Conference on Tuesday, September 21st.

Key Points: 
  • NEW YORK, Sept. 17, 2021 /PRNewswire/ --Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Financial Services Virtual investor Conference on Tuesday, September 21st.
  • Individual investors, institutional investors, advisors, and analysts are invited to listen to investor presentations from executive management of community banks and FinTech companies.
  • It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
  • "We are proud to host an esteemed group of today's financial services industry leaders and provide a dynamic platform for investor engagement," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group.

Shore Capital Partners Welcomes Brad Morehead as Partner, Head of Business Services Fund

Thursday, September 16, 2021 - 2:00pm

Shore Capital Partners , (Shore or the firm), a strategic private equity firm focused on microcap investing in the healthcare, food and beverage, business services and real estate industries, with offices in Chicago and Nashville, today announced Brad Morehead has joined the firm as partner and head of the firms business services fund.

Key Points: 
  • Shore Capital Partners , (Shore or the firm), a strategic private equity firm focused on microcap investing in the healthcare, food and beverage, business services and real estate industries, with offices in Chicago and Nashville, today announced Brad Morehead has joined the firm as partner and head of the firms business services fund.
  • Within business services, the team will initially target pest control, managed service providers, outsourced retirement/benefits services, distribution/logistics, fire and life safety services, insurance brokerage and distribution businesses, pool maintenance services, environmental/disaster remediation and services, and RIAs.
  • I am thrilled to join the Shore team to lead the firms business services efforts, said Morehead.
  • Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value for shareholders.

Blume Global Announces New Investment by Bridgepoint

Wednesday, September 15, 2021 - 2:00pm

PLEASANTON, Calif., Sept. 15, 2021 /PRNewswire/ -- Blume Global, a leading provider of supply chain execution and visibility technology, today announced it has raised new equity from London-based Bridgepoint Group. This investment will further the company's effort to bring its truly innovative and transformational supply chain digitization to the industry. This latest funding values Blume Global at $500 million, and Bridgepoint joins funds managed by affiliates of Apollo Global Management and EQT as equity investors in the company.

Key Points: 
  • This latest funding values Blume Global at $500 million, and Bridgepoint joins funds managed by affiliates of Apollo Global Management and EQT as equity investors in the company.
  • Launched in 2018, Blume Global provides a cloud-first, intelligent operating platform that orchestrates global supply chain processes through a digital map of the supply chain world for thousands of customers.
  • "When we launched Blume Global in 2018, we saw an opportunity to build a cloud-based digital operating platform for global supply chains that leverages modern technologies and machine learning to optimize and automate operations," said Pervinder Johar, CEO, Blume Global.
  • We're pleased to support Pervinder and the Blume Global team as they continue to scale the business and welcome additional blue-chip investors like Bridgepoint."

Blume Global Announces New Investment by Bridgepoint

Wednesday, September 15, 2021 - 2:00pm

PLEASANTON, Calif., Sept. 15, 2021 /PRNewswire/ -- Blume Global, a leading provider of supply chain execution and visibility technology, today announced it has raised new equity from London-based Bridgepoint Group. This investment will further the company's effort to bring its truly innovative and transformational supply chain digitization to the industry. This latest funding values Blume Global at $500 million, and Bridgepoint joins funds managed by affiliates of Apollo Global Management and EQT as equity investors in the company.

Key Points: 
  • This latest funding values Blume Global at $500 million, and Bridgepoint joins funds managed by affiliates of Apollo Global Management and EQT as equity investors in the company.
  • Launched in 2018, Blume Global provides a cloud-first, intelligent operating platform that orchestrates global supply chain processes through a digital map of the supply chain world for thousands of customers.
  • "When we launched Blume Global in 2018, we saw an opportunity to build a cloud-based digital operating platform for global supply chains that leverages modern technologies and machine learning to optimize and automate operations," said Pervinder Johar, CEO, Blume Global.
  • We're pleased to support Pervinder and the Blume Global team as they continue to scale the business and welcome additional blue-chip investors like Bridgepoint."

Sun Capital Partners Adds Two Senior Team Members: Managing Director Susan Clark and Chief Financial Officer Kelli Turner

Wednesday, September 15, 2021 - 2:00pm

Susan Clark has joined the firm as Managing Director - Head of Technology Value Creation on the Operations team and Kelli Turner has joined as Managing Director and Chief Financial Officer.

Key Points: 
  • Susan Clark has joined the firm as Managing Director - Head of Technology Value Creation on the Operations team and Kelli Turner has joined as Managing Director and Chief Financial Officer.
  • We are thrilled to welcome Susan and Kelli to the Sun Capital team, said Marc Leder, Co-CEO of Sun Capital Partners.
  • Prior to joining TCV in 2019, Clark served as Chief of Staff and Vice President of Operations at Vista Equity Partners.
  • Prior to her role at SESAC, Turner was in various roles with the RSL group, including Chief Financial Officer.

U.S. Employers Look To Hire At Record Pace But Talent Shortage Remains Above Global Average

Tuesday, September 14, 2021 - 6:12pm

Northeast employers report an increase of 25 percentage points, while Outlooks are 22 and 21 percentage points stronger in the South and the Midwest, respectively.

Key Points: 
  • Northeast employers report an increase of 25 percentage points, while Outlooks are 22 and 21 percentage points stronger in the South and the Midwest, respectively.
  • Employers in all four regions report the strongest hiring intentions since the survey began with the strongest labor markets anticipated in the Northeast and the West, with Outlooks of +51%.
  • In the South the Outlook stands at +48%, and Midwest employers report an Outlook of +45%.
  • The next survey will be released December 14, 2021, and will report hiring expectations for Q1 2022.

Exadel Acquires Coppei

Tuesday, September 14, 2021 - 2:48pm

Coppei brings years of consulting experience, which will enable clients to gain an even clearer vision of their path to innovation and transformation.

Key Points: 
  • Coppei brings years of consulting experience, which will enable clients to gain an even clearer vision of their path to innovation and transformation.
  • "With the addition of Coppei, Exadel is now positioned as a global technology company that integrates strategy, design, and software engineering to transform enterprises into modern digital businesses," said Fima Katz, CEO of Exadel.
  • "We are thrilled to join the Exadel family as the integration of Exadel's software engineering services and Coppei's strategic data-driven business solutions provides us the ability to truly engineer business value for our clients," said Travis Larsen, CEO of Coppei.
  • For more information on Exadel services and areas of expertise, visit exadel.com and follow us on Linkedin and Twitter @exadel .