Lee Equity Partners

PCS RETIREMENT ANNOUNCES INVESTMENT FROM LEE EQUITY PARTNERS AND NAMES SCOTT DAVID AS CEO

Retrieved on: 
Monday, March 4, 2024
Lee Equity Partners, Retirement, Fidelity, T. Rowe Price, Principal, LLR, Small business, Growth, ERISA, Executive Committee, PCS, Ropes & Gray, Partnership

PHILADELPHIA, March 4, 2024 /PRNewswire/ -- PCS Retirement ("PCS" or "the Company"), a leading retirement plan recordkeeper focused on the ERISA and Non-ERISA markets, today announced it received a majority investment from funds managed by Lee Equity Partners, LLC ("Lee Equity"), a growth oriented middle market private equity firm. As part of the transaction, LLR Partners will exit its investment in PCS. Scott David will join as CEO. Terms of the transaction were not disclosed. Founder, CEO, and industry veteran Mark Klein will be stepping away from day-to-day operations of PCS Retirement and will remain a valuable member of the Board of Directors.

Key Points: 
  • PHILADELPHIA, March 4, 2024 /PRNewswire/ -- PCS Retirement ("PCS" or "the Company"), a leading retirement plan recordkeeper focused on the ERISA and Non-ERISA markets, today announced it received a majority investment from funds managed by Lee Equity Partners, LLC ("Lee Equity"), a growth oriented middle market private equity firm.
  • Founded in 2001, PCS Retirement delivers high-quality retirement plans to business owners, school districts, municipalities, not-for-profits, and individuals.
  • "We are very appreciative of LLR's partnership and are excited to welcome Lee Equity as our financial sponsor and Scott David as CEO.
  • "PCS Retirement is a leading retirement platform with a unique go-to-market strategy and track record of innovation," said Danny Rodriguez, Partner at Lee Equity.

Carisk® Partners Recapitalizes with Lee Equity Partners and Elements Health Investors

Retrieved on: 
Monday, December 4, 2023
Insurance, Human Resources, Managed Care, Finance, General Health, Health, Professional Services, Health Insurance, Investment, Element, Partner, Lee Equity Partners, Mental health, Ropes & Gray, Health equity, Multimedia, Injury

Carisk Partners (“Carisk”), a specialty risk transfer and care coordination company, announced today the completion of a recapitalization led by Lee Equity Partners, LLC (“Lee Equity”) and Elements Health Investors, LLC (“Elements”).

Key Points: 
  • Carisk Partners (“Carisk”), a specialty risk transfer and care coordination company, announced today the completion of a recapitalization led by Lee Equity Partners, LLC (“Lee Equity”) and Elements Health Investors, LLC (“Elements”).
  • View the full release here: https://www.businesswire.com/news/home/20231204589710/en/
    Previously, an MBF Healthcare Partners portfolio company, Carisk Partners is a leader in the workers’ compensation marketplace.
  • Carisk’s unique clinical model takes a whole-person approach, addressing social determinants of health and health equity, which ultimately drives superior outcomes.
  • Lee Equity Partners has a proven track record of partnering with management teams to build market leading businesses.

Urologic Consultants Has Joined Solaris Health

Retrieved on: 
Monday, December 4, 2023
Health, Consumer, Hospitals, Other Health, Managed Care, Men, Consultant, Lee Equity Partners, Patient, Holland & Knight

Solaris Health Holdings announced today that Urologic Consultants of Grand Rapids, MI, has joined as an affiliate.

Key Points: 
  • Solaris Health Holdings announced today that Urologic Consultants of Grand Rapids, MI, has joined as an affiliate.
  • Urologic Consultants brings to Solaris the skills and talents of 10 providers who care for over 15,000 unique patients each year.
  • The addition of Urologic Consultants means that Solaris now aligns the skills and talents of over 650 providers who annually care for over 900,000 unique patients located in 13 states.
  • “Urologic Consultants has been moving medicine forward for the benefit of the people of Michigan since its inception,” said Dr. John Anema, president of Urologic Consultants.

Wealth Solutions Report Concludes Second Annual Pathfinder Awards By Honoring Top Hispanic Industry Leaders Of 2023

Retrieved on: 
Wednesday, October 11, 2023
Investment, Lee Equity Partners, Organization, Partner, Product innovation, Black History Month, European Association of Communication Agencies, CMO, National Directorate of Intelligence and Prevention Services, Willow, IMAGE, WSR, Black, DEI, Prudential Financial, Volunteering, Financial adviser, Woman, EVP, National Hispanic Heritage Month (United States), Nextgen, Management, Financial services, Marketing

NEW YORK, Oct. 11, 2023 /PRNewswire/ -- Wealth Solutions Report (WSR) – the fast-growing B2B digital media platform featuring wealth management-focused commentary, insights and analysis – today announced the fourth and final installment of its WSR Pathfinder Awards for the year, the Top Hispanic Industry Leaders of 2023, in honor of National Hispanic Heritage Month.

Key Points: 
  • The invitation-only Pathfinder Awards honor excellence in wealth management executives, advisors and professionals from underrepresented backgrounds, as well as organizations that support underrepresented communities.
  • The awards have a dual purpose of bringing voices from those communities to the wealth management industry to address change and progress toward diversity, equity and inclusion.
  • Larry Roth, Founder & CEO of Wealth Solutions Report, said, "I am pleased to conclude our second year of WSR Pathfinder Awards by honoring this elite group of wealth management professionals and organizations as the Top Hispanic Industry Leaders of 2023.
  • In December, WSR will announce its second annual Wealth Exemplar Awards, which celebrate excellence in the wealth management industry.

Urologic Specialists Has Joined Solaris Health

Retrieved on: 
Tuesday, October 3, 2023
General Health, Health, Oncology, Other Health, McDermott Will & Emery, LLP, Urology, Lee Equity Partners, Trust, Patient, Nursing

Solaris Health Holdings announced today that Urologic Specialists of Northwest Indiana has joined as an affiliate.

Key Points: 
  • Solaris Health Holdings announced today that Urologic Specialists of Northwest Indiana has joined as an affiliate.
  • Urologic Specialists of Northwest Indiana brings to Solaris the skills and talents of 12 providers who care for over 22,000 unique patients each year.
  • The addition of Urologic Specialists of Northwest Indiana means that Solaris now aligns the skills and talents of over 625 providers who annually care for over 885,000 unique patients located in 13 states.
  • McDermott Will & Emery LLP served as legal counsel to Solaris on the Urologic Specialists of Northwest Indiana deal.

DiscountCell Joins Growing Value-Added Distribution Platform With Alliance, GetWireless, and TESSCO.

Retrieved on: 
Monday, October 2, 2023
Consulting, Banking, Technology, IOT (Internet of Things), Professional Services, Small Business, Other Professional Services, Networks, Internet, Mobile, Wireless, Finance, State, GSA, Telecommunications, Internet of things, Distribution (marketing), Government, Blackstone, Acquisition, Investment, General Services Administration, National Association, Lee Equity Partners, Oak Hill Capital Partners, Weil, Gotshal & Manges, Lot, Mobile phone, Airline, LP

This acquisition expands the Alliance family of companies, which includes Alliance Corporation, GetWireless, and TESSCO Technologies.

Key Points: 
  • This acquisition expands the Alliance family of companies, which includes Alliance Corporation, GetWireless, and TESSCO Technologies.
  • Together, this family of businesses are committed to supporting and growing the value-added reseller channel ecosystem.
  • Channel partners, vendors, and carriers can now work with the growing distribution platform for government contract procurement via NASPO (National Association of State Procurement Officials), GSA (U.S. General Services Administration), and state, local and education contracts.
  • Rathbone Law and Cathedral Consulting served as legal counsel and financial advisor for DiscountCell.

Lee Equity Exits Cadent, LLC

Retrieved on: 
Wednesday, August 9, 2023
Technology, Finance, Banking, Advertising, Telecommunications, Communications, Professional Services, Audio, Video, Internet, Partnership, Stifel, Senior advisor, CTV, Multimedia, Lee Equity Partners, Equity, Sale, Jamieson, Kelley Drye & Warren, Growth, Weil, Gotshal & Manges, Financial adviser, Cadent

Funds managed by Lee Equity Partners, LLC (“Lee Equity”), a growth oriented middle market private equity firm, today announced the sale of Cadent, LLC (“Cadent” or the “Company”) a leading provider of platform-based converged TV advertising solutions.

Key Points: 
  • Funds managed by Lee Equity Partners, LLC (“Lee Equity”), a growth oriented middle market private equity firm, today announced the sale of Cadent, LLC (“Cadent” or the “Company”) a leading provider of platform-based converged TV advertising solutions.
  • Lee Equity and the Company worked closely on operational and growth initiatives including the completion of four highly complementary acquisitions since initial investment.
  • “Lee Equity has been a true partner as we have transformed Cadent.
  • Evercore served as the lead financial advisor, Stifel served as co-advisor, and Weil, Gotshal & Manges LLP served as the legal advisor for the Company and Lee Equity Partners.

TESSCO Announces Closing of Merger Transaction

Retrieved on: 
Monday, July 17, 2023
Technology, Mobile, Wireless, Software, Networks, Internet, Hardware, Internet of things, Weil, Gotshal & Manges, Lee Equity Partners, DLA Piper

TESSCO TECHNOLOGIES INCORPORATED (“Tessco” or the “Company”) today announced the closing of its previously announced merger with entities affiliated with Lee Equity Partners and Twin Point Capital, which also own Alliance Corporation (“Alliance”), a value-added distributor of equipment for the wireless industry, and GetWireless, LLC (“GetWireless”), a value-added distributor of cellular solutions that connect the Internet of Things (IoT).

Key Points: 
  • TESSCO TECHNOLOGIES INCORPORATED (“Tessco” or the “Company”) today announced the closing of its previously announced merger with entities affiliated with Lee Equity Partners and Twin Point Capital, which also own Alliance Corporation (“Alliance”), a value-added distributor of equipment for the wireless industry, and GetWireless, LLC (“GetWireless”), a value-added distributor of cellular solutions that connect the Internet of Things (IoT).
  • Tessco shareholders approved the transaction at a special meeting of shareholders held on July 13, 2023.
  • Under the terms of the merger, each share of Company common stock outstanding prior to merger has been converted into the right to receive $9.00 in cash, reflecting a Company enterprise value of approximately $160 million.
  • As a result of the merger, Tessco common stock will cease trading on, and will be delisted from, the Nasdaq stock exchange.

IMPORTANT ALERT: Halper Sadeh LLC Investigates AMED, SYNH, CHRA, TESS

Retrieved on: 
Thursday, June 29, 2023
Veritas Capital, Sale, Elliott Investment Management, Charah, Advertising, CHRA, OTC, Lee Equity Partners, Fraud, Security (finance), Amedisys, Optum, Syneos Health

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

Key Points: 
  • If you are a Syneos shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

IMPORTANT ALERT: Halper Sadeh LLC Investigates AMED, ASRT, SYNH, TESS

Retrieved on: 
Sunday, June 25, 2023
Veritas Capital, Sale, Elliott Investment Management, Advertising, Assertio Therapeutics, Spectrum Pharmaceuticals, Lee Equity Partners, Fraud, Security (finance), Amedisys, Syneos Health

If you are an Amedisys shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are an Amedisys shareholder, click here to learn more about your rights and options .
  • If you are an Assertio shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.