Nautic Partners

Wesco Finalizes Sale of Integrated Supply Business to Vallen Distribution, Inc.

Retrieved on: 
Monday, April 1, 2024
Nautic Partners, MRO, Growth, Investment, Sale

PITTSBURGH, April 1, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) announced today that it has completed the sale of its Wesco Integrated Supply (WIS) business to Vallen Distribution, Inc., a portfolio company of Nautic Partners, LLC, for a purchase price of $350 million.

Key Points: 
  • PITTSBURGH, April 1, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) announced today that it has completed the sale of its Wesco Integrated Supply (WIS) business to Vallen Distribution, Inc., a portfolio company of Nautic Partners, LLC, for a purchase price of $350 million.
  • The sale includes predominately all of Wesco's industrial maintenance, repair and operations (MRO) integrated supply business in North America and Europe.
  • The business that is being divested had annual net sales of $784 million in 2023.
  • The Company expects to use the proceeds from the sale to reduce debt and repurchase shares.

Hepion Pharmaceuticals Strengthens Board of Directors with Appointment of Michael Purcell

Retrieved on: 
Wednesday, March 6, 2024
Acquisition, Nautic Partners, Conditional sentence, HEPA, IME Group, Certified Public Accountant, Business administration, Lehigh University, Fatty liver disease, American Institute, Drexel University

EDISON, N.J., March 06, 2024 (GLOBE NEWSWIRE) -- Hepion Pharmaceuticals, Inc. (NASDAQ:HEPA), a clinical stage biopharmaceutical company focused on therapeutic drug development for the treatment of non-alcoholic steatohepatitis (“NASH”), fibrotic diseases, and other chronic diseases, today announced the appointment of Michael Purcell to the Company’s Board of Directors, effective March 5, 2024.

Key Points: 
  • EDISON, N.J., March 06, 2024 (GLOBE NEWSWIRE) -- Hepion Pharmaceuticals, Inc. (NASDAQ:HEPA), a clinical stage biopharmaceutical company focused on therapeutic drug development for the treatment of non-alcoholic steatohepatitis (“NASH”), fibrotic diseases, and other chronic diseases, today announced the appointment of Michael Purcell to the Company’s Board of Directors, effective March 5, 2024.
  • Mr. Purcell has more than 37 years of professional experience with Deloitte & Touche LLP, serving as a consultant from 2015 to 2017 and an Audit Partner from 1979 until 2015.
  • Mr. Purcell also currently serves as a financial advisor to several emerging growth companies.
  • Mr. Purcell has worked on a number of company boards and has served on the Board of Directors of CFG Bank since 2016, the Board of Directors of Hyperion Bank since 2018, and the Board of Directors of International Money Express, Inc. since 2018.

CenterOak Partners Announces Sale of SurfacePrep

Retrieved on: 
Friday, February 23, 2024
Professional Services, Finance, Gibson Dunn, LLP, Transport, Investment, Nautic Partners, Growth, Sale, Partner

CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the sale of SurfacePrep (the “Company”), a leading global distributor of surface enhancement solutions, to Nautic Partners.

Key Points: 
  • CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced the sale of SurfacePrep (the “Company”), a leading global distributor of surface enhancement solutions, to Nautic Partners.
  • This marks the second exit for CenterOak in 2024 following the sale of CollisionRight in January.
  • “During CenterOak’s investment, SurfacePrep tripled in size while expanding margins,” said Jason Sutherland, a Managing Partner of CenterOak.
  • “Together, we converted 15 local brands to the single unified ‘SurfacePrep’ name operating under the ‘One SurfacePrep’ model, tripled our salesforce and broadened our service and product offerings.

Nautic Partners Announces Acquisition of SurfacePrep in Partnership With Management

Retrieved on: 
Friday, February 23, 2024
Professional Services, Other Natural Resources, Manufacturing, Finance, Natural Resources, Other Manufacturing, Acquisition, Multimedia, Partnership, Nautic Partners, Growth, MRO, Winston Churchill, McDermott Will & Emery, KeyBank, Gibson Dunn, Partner, Antares

Nautic Partners, LLC (“Nautic”) is pleased to announce that it has completed the acquisition of SurfacePrep, in partnership with management.

Key Points: 
  • Nautic Partners, LLC (“Nautic”) is pleased to announce that it has completed the acquisition of SurfacePrep, in partnership with management.
  • View the full release here: https://www.businesswire.com/news/home/20240223373826/en/
    Headquartered in Grand Rapids, Michigan, SurfacePrep is a leading national and international distributor of surface enhancement solutions.
  • Mike Currie, CEO of SurfacePrep, said, “This partnership with Nautic marks an exciting new chapter for SurfacePrep, with a focus on accelerating performance while continuing to provide our customers the excellent service, solutions, and products they expect.
  • KeyBanc Capital Markets and Gibson, Dunn & Crutcher LLP advised SurfacePrep.

Wesco Enters Agreement to Sell Integrated Supply Business to Vallen Distribution, Inc.

Retrieved on: 
Friday, February 23, 2024
MRO, Nautic Partners, Investment, Growth, Sale

PITTSBURGH, Feb. 23, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) announced today that it has entered into a definitive agreement to sell its Wesco Integrated Supply (WIS) business to Vallen Distribution, Inc., a portfolio company of Nautic Partners, LLC, for a purchase price of $350 million.

Key Points: 
  • PITTSBURGH, Feb. 23, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) announced today that it has entered into a definitive agreement to sell its Wesco Integrated Supply (WIS) business to Vallen Distribution, Inc., a portfolio company of Nautic Partners, LLC, for a purchase price of $350 million.
  • The sale will include predominately all of Wesco's industrial maintenance, repair and operations (MRO) integrated supply business in North America and Europe.
  • The business that is being divested had annual net sales of approximately $784 million in 2023.
  • I am very proud of their accomplishments and thank them for their outstanding customer service," said John Engel, Chairman, President, and CEO of Wesco.

Varsity Healthcare Partners Completes Sale of Angels of Care

Retrieved on: 
Tuesday, February 13, 2024
Other Health, Managed Care, General Health, Professional Services, Asset Management, Other Professional Services, Nursing, Practice Management, Finance, Consulting, Health, Physical Therapy, Partnership, McKinney, Texas, AOC, Nautic Partners, Growth, Sale, VHP, Patient

Varsity Healthcare Partners (“VHP”), a healthcare-focused private equity investment firm, announced today the close of its sale of Angels of Care (“AOC” or the “Company”) to Nautic Partners.

Key Points: 
  • Varsity Healthcare Partners (“VHP”), a healthcare-focused private equity investment firm, announced today the close of its sale of Angels of Care (“AOC” or the “Company”) to Nautic Partners.
  • Terms of the transaction were not disclosed.
  • Angels of Care, headquartered in McKinney TX, is a leading provider of comprehensive home health services to pediatric patients with complex medical conditions.
  • The Company also has been a pioneer in partnering with managed care firms to provide its services under outcomes-based reimbursement arrangements, facilitating the delivery of exceptional and cost-effective care.

PANTHERx Rare Appoints Bansi Nagji as Executive Chair

Retrieved on: 
Monday, January 8, 2024
General Atlantic, LLP, Executive, Change Healthcare, Health, Business development, McKesson Corporation, Nautic Partners, Pharmacy, Growth, GoodRx, Organization, Bansi, Senior, Management

PITTSBURGH, Jan. 8, 2024 /PRNewswire/ -- PANTHERx Rare, one of the nation's leading rare pharmacies, today announced the appointment of Bansi Nagji to the new board position of Executive Chair as part of the Company's ongoing strategic development and growth.

Key Points: 
  • PITTSBURGH, Jan. 8, 2024 /PRNewswire/ -- PANTHERx Rare, one of the nation's leading rare pharmacies, today announced the appointment of Bansi Nagji to the new board position of Executive Chair as part of the Company's ongoing strategic development and growth.
  • "The Executive Chair role will enhance alignment and engagement between our Board and our Executive Leadership Team to drive successful execution of our key strategic priorities.
  • With Bansi's support, we are excited to further our commitment to delivering superior services and driving innovation in all we do," commented Rob Snyder, Chief Executive Officer of PANTHERx Rare.
  • PANTHERx Rare is backed by leading investors including Nautic Partners, The Vistria Group, and General Atlantic.

ExactCare and Tabula Rasa HealthCare Business Combination Closes, Creating a Leading, Independent Value-Based Pharmacy Management Company for Patients with the Most Complex Needs

Retrieved on: 
Monday, November 6, 2023
Nautic Partners, Health, PACE, Organization, Acquisition, Risk, Pharmacy, Medicaid, Patient, Health insurance, Health care, Medicare

CLEVELAND, Nov. 06, 2023 (GLOBE NEWSWIRE) -- ExactCare®, a national provider of medication management and comprehensive long-term pharmacy services and a Nautic Partners portfolio company, today announced that the acquisition of Tabula Rasa HealthCare, Inc.®, a leading healthcare company advancing personalized, comprehensive care for value-based care organizations, is complete.

Key Points: 
  • CLEVELAND, Nov. 06, 2023 (GLOBE NEWSWIRE) -- ExactCare®, a national provider of medication management and comprehensive long-term pharmacy services and a Nautic Partners portfolio company, today announced that the acquisition of Tabula Rasa HealthCare, Inc.®, a leading healthcare company advancing personalized, comprehensive care for value-based care organizations, is complete.
  • ExactCare and Tabula Rasa are creating a leading, independent pharmacy care management company that specializes in caring for the most at-risk patient populations in the healthcare system—helping them to live healthier and thrive in both home- and community-based settings.
  • Together, the two organizations care for over 100,000 beneficiaries served by the Program of All-Inclusive Care for the Elderly (PACE), Medicare, Medicaid and Dual-eligible plans.
  • "ExactCare and Tabula Rasa provide separate but complementary services that together create an innovative pharmacy solutions provider that will drive tremendous value for patients, payers and partners,” said Brian Adams, who formerly served as President & CEO of Tabula Rasa and is now President of the combined company.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates TRHC, VRTV, HEP

Retrieved on: 
Sunday, October 8, 2023
NYSE, Fraud, Clayton, Dubilier & Rice, Tabula rasa, Advertising, Nautic Partners, HF Sinclair, Dubilier, Sale, Security (finance), Veritiv

If you are a Tabula Rasa shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Tabula Rasa shareholder, click here to learn more about your rights and options .
  • Veritiv Corporation (NYSE: VRTV)’s sale to an affiliate of Clayton, Dubilier & Rice, LLC for $170.00 per share in cash.
  • If you are a Veritiv shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

TABULA RASA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Tabula Rasa HealthCare, Inc. - TRHC

Retrieved on: 
Friday, October 6, 2023
Class Action Lawsuit, Professional Services, Legal, Nautic Partners, KSF, Sale

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Tabula Rasa HealthCare, Inc. (NasdaqGM: TRHC) to Nautic Partners.

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Tabula Rasa HealthCare, Inc. (NasdaqGM: TRHC) to Nautic Partners.
  • Under the terms of the proposed transaction, shareholders of Tabula will receive $10.50 in cash for each share of Tabula that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .