Kelso & Company

Introducing Bridgenext, a New Digital Consultancy Focused on Delivering Digital Realization

Retrieved on:

星期四, 二月 1, 2024

It brings Emtec, Emtec Digital, Wave6 and DEFINITION 6 together into one unified company focused on empowering clients to achieve digital realization by moving past the hype of digital transformation to a future where they can achieve tangible outcomes from their tech investments.

Key Points:

It brings Emtec, Emtec Digital, Wave6 and DEFINITION 6 together into one unified company focused on empowering clients to achieve digital realization by moving past the hype of digital transformation to a future where they can achieve tangible outcomes from their tech investments.
In this next growth chapter, Bridgenext will be led by John Castleman who was recently appointed as Chief Executive Officer.
He brings a wealth of experience in digital services having previously served as CEO of high-growth firms Mobiquity and Alliance Global Services.
Year over year, businesses have invested countless hours and millions of dollars on digital transformation by chasing the next digital trend.

Novvia Group Acquires JWJ Packaging

Retrieved on:

星期三, 十二月 20, 2023

Professional Services, Packaging, Chemicals, Plastics, Manufacturing, Finance, Consulting, Steel, Acquisition, Kelso & Company, Growth, JWJ, IBCS, Online shopping

Global rigid container and life sciences packaging distributor, Novvia Group (“Novvia”), has acquired JWJ Packaging LLC (“JWJ”), a New Jersey based supplier of drums, pails, and other rigid container and shipping products.

Key Points:

Global rigid container and life sciences packaging distributor, Novvia Group (“Novvia”), has acquired JWJ Packaging LLC (“JWJ”), a New Jersey based supplier of drums, pails, and other rigid container and shipping products.
Founded in 2018, JWJ is a trusted supplier of packaging and shipping materials to customers across a diverse range of end markets.
“We are pleased to partner with Novvia to support the continued growth of our business,” said William Guttridge Jr., founder and owner of JWJ.
“In a short period of time, Mr. Guttridge and the JWJ team have built a leading local packaging supplier that shares Novvia’s customer-focused values,” said Ken Roessler, Executive Chairman of Novvia.

Novvia Group Acquires Ocean State Packaging

Retrieved on:

星期一, 十二月 4, 2023

Finance, Manufacturing, Professional Services, Packaging, Chemicals, Plastics, Acquisition, History, Multimedia, Kelso & Company, Roessler, Philosophy, Points of the compass

Global rigid container and life sciences packaging distributor, Novvia Group (“Novvia”), has acquired Ocean State Packaging, Inc. (“Ocean State”), a Rhode Island based supplier of plastic bottles and other rigid packaging products.

Key Points:

Global rigid container and life sciences packaging distributor, Novvia Group (“Novvia”), has acquired Ocean State Packaging, Inc. (“Ocean State”), a Rhode Island based supplier of plastic bottles and other rigid packaging products.
View the full release here: https://www.businesswire.com/news/home/20231204848625/en/
Founded in 1990, Ocean State is a trusted supplier of stock and custom packaging solutions to a national network of long-tenured customers spanning diverse end markets.
“We are excited to partner with Novvia to continue growing our business,” said Brian Beneduce, President of Ocean State.
“Ocean State Packaging has built an impressive business over its 33-year history, and we welcome the company to the Novvia family,” said Ken Roessler, Executive Chairman of Novvia.

BradyIFS and Envoy Solutions Complete Merger Transaction

Retrieved on:

星期二, 十月 31, 2023

FEMSA, Organization, Kelso & Company, Marketing, Warburg Pincus, Ernest Jansan

GLENVIEW, Ill. and BELL, Calif., Oct. 31, 2023 /PRNewswire/ -- Leading distribution companies BradyIFS and Envoy Solutions celebrate the completion of the previously announced merger of the two organizations.

Key Points:

GLENVIEW, Ill. and BELL, Calif., Oct. 31, 2023 /PRNewswire/ -- Leading distribution companies BradyIFS and Envoy Solutions celebrate the completion of the previously announced merger of the two organizations.
The companies are now operating as a single organization as of November 1, 2023, and Kenneth D. Sweder, previously BradyIFS' Chairman and CEO, will serve as the Chairman and CEO of the combined enterprise.
"We will 'Win as One' by bringing our companies together to deliver the best value for our customers, suppliers, and associates."
de C.V. ("FEMSA"), previously the majority owners of Envoy Solutions, will maintain a significant minority share in the combined company with representation on the board.

Risk Strategies and One80 Intermediaries to Reorganize Under Newly Introduced “Accession Risk Management Group” Parent Brand

Retrieved on:

星期三, 十月 18, 2023

Insurance, Family, Acquisition, Kelso & Company, Risk Strategies, Growth, Risk management, Eye, Tourism

BOSTON, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Risk Strategies and One80 Intermediaries today announced an internal reorganization to operate under the newly introduced Accession Risk Management Group parent brand.

Key Points:

BOSTON, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Risk Strategies and One80 Intermediaries today announced an internal reorganization to operate under the newly introduced Accession Risk Management Group parent brand.
Accession Risk Management Group will represent the family of specialty insurance distribution and risk management companies, operating under common ownership of their private equity sponsor, Kelso & Company, which currently includes Risk Strategies, a retail specialty brokerage and risk management company, and One80 Intermediaries, a specialty wholesale brokerage and program management firm.
Led by John Mina as global CEO, the Accession Risk Management Group family of companies will continue to provide specialized insurance solutions throughout the United States and Canada.
“Our clients and partners have an evolving continuum of insurance and risk management needs, all of which we aspire to address from within the Accession Risk Management Group family,” said John Mina, CEO, Accession Risk Management Group.

Pontera and Savant Wealth Management Join Forces to Expand Wise Retirement Counsel

Retrieved on:

星期四, 十月 5, 2023

Paragon, Kelso & Company, Investment, Partnership, Acquisition, SOC, RIA, ISO, Privacy, Financial adviser, Savant syndrome

NEW YORK and ROCKFORD, Ill., Oct. 5, 2023 /PRNewswire/ -- Pontera, the fintech company helping retirement savers receive professional 401(k) management from their trusted financial advisor, announced its partnership with Savant Wealth Management ("Savant"), an independent, fee-only registered investment advisor (RIA) providing services to individuals, families, and businesses across 13 states. This partnership is a milestone within Savant's five-year growth plan through investments in technology, acquisitions, and other strategic initiatives with the support of Kelso & Company. Using Pontera, Savant's affiliated advisors will enrich the experience for a growing client base while overseeing the full scope of their wealth, including more than $300 million in outside assets.

Key Points:

Using Pontera, Savant advisors can efficiently and proactively apply investment strategies to plan retirement accounts.
Prior to Pontera, Savant had taken great care to build and scale outside asset management as part of its comprehensive offering.
"We are pleased to assist Savant as they deliver their signature Wise Counsel to more families with employer-sponsored retirement accounts," said Peter Nolan , Vice-President, Enterprise at Pontera.
Using Pontera, Savant investment managers can efficiently and proactively apply investment strategies to clients' plan retirement accounts and run performance reporting in Envestnet | Tamarac.

Industry veteran Rob Duke partners with leading private equity firm Kelso & Company to launch Armada Materials; acquires vertically integrated aggregates business near Nashville, TN

Retrieved on:

星期二, 十月 3, 2023

Armada Materials, LLC (“Armada” or the “Company”) has been formed to build a leading infrastructure materials and services business through strategic acquisitions.

Key Points:

Armada Materials, LLC (“Armada” or the “Company”) has been formed to build a leading infrastructure materials and services business through strategic acquisitions.
The Company was founded by Rob Duke, who will serve as CEO of Armada, along with a group of investors including several industry veterans, and Kelso & Company, L.P. (“Kelso”), a middle-market buyout private equity firm founded in 1980 on the principles of partnership and alignment of interests.
Rob brings over twenty years of experience in the construction materials industry with prior leadership roles at CRH, plc and Rinker Materials.
“We are eager to support Armada’s growth, both organically and through acquiring top-tier companies like Volunteer” added Matt Edgerton, managing director of Kelso.

Kelso & Company Closes Fund XI at $3.25 Billion, Surpassing Target

Retrieved on:

星期一, 十月 2, 2023

Asset Management, Professional Services, Finance, XI, Debevoise & Plimpton, Kelso & Company, Associate, Bank

Kelso & Company, L.P. (“Kelso” or the “Firm”), a private equity firm specializing in middle market investing, is pleased to announce the closing of Kelso Investment Associates XI and affiliated funds (collectively, “Fund XI”).

Key Points:

Kelso & Company, L.P. (“Kelso” or the “Firm”), a private equity firm specializing in middle market investing, is pleased to announce the closing of Kelso Investment Associates XI and affiliated funds (collectively, “Fund XI”).
Fund XI closed with aggregate capital commitments of $3.25 billion, surpassing the original target.
Included in Fund XI’s capital is participation by Kelso partners and employees of more than $400 million, representing a GP commitment of over 12%.
We are also pleased to have added a meaningful number of new investors.”
Debevoise & Plimpton served as legal counsel in connection with the fundraise and formation of Fund XI.

John Patin Joins Somers Group as Chief Investment Officer

Retrieved on:

星期二, 九月 19, 2023

Professional Services, Consumer, Insurance, Finance, Banking, Hispanic, Alexander Forbes Group Holdings, Somers, History, Creativity, Warburg Pincus, Patin, Kelso & Company, Investment, CIO, Starr Companies, Management

Somers Group Holdings Ltd. (Somers) today announced the appointment of John Patin IV as Chief Investment Officer (CIO).

Key Points:

Somers Group Holdings Ltd. (Somers) today announced the appointment of John Patin IV as Chief Investment Officer (CIO).
Patin is responsible for overseeing Somers’ overall investment strategy and directing investment managers.
“I’m pleased to welcome John as Somers’ first CIO,” Somers CEO Liz Cunningham said.
“As Somers has matured, so has the sophistication required to manage our investment approach,” said Maamoun Rajeh, CEO and Chairman of Arch’s Worldwide Reinsurance Group.

BradyIFS and Envoy Solutions come together to create a compelling new platform

Retrieved on:

星期二, 八月 29, 2023

Drink, FEMSA, BMV, US, Kelso & Company, FMX, Warburg Pincus, Growth, Magenium Solutions LLC, NYSE, Cryptocurrency

The combined platform will bring together Envoy Solutions LLC and BradyIFS in a highly complementary combination, positioned to serve and provide value to its customers and suppliers effectively and efficiently across the country.

Key Points:

The combined platform will bring together Envoy Solutions LLC and BradyIFS in a highly complementary combination, positioned to serve and provide value to its customers and suppliers effectively and efficiently across the country.
The transaction will allow Envoy Solutions and BradyIFS to combine their strengths and complementary footprints to create a strong customer-focused platform to effectively provide its customers with high-value solutions, and its supplier partners with excellent market reach, delivering more products and solutions in more locations across the United States.
This transaction allows the Company to implement FEMSA Forward with regards to Envoy Solutions while maximizing shareholder value, within a reasonable timeframe.
Reaching this milestone was made possible by the tireless effort of the Envoy Solutions team.