I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
Ridgemont Equity Partners said Thursday it has acquired Cortel Inc and TowerCom Technologies LLC. Financial terms weren’t announced. Both Cortel and TowerCom provide wireless deployment services throughout the western United States. Ridgemont said it formed J5 Infrastructure Partners, created through the combination of Cortel and TowerCom, to perform site acquisition, leasing, permitting, zoning, structural engineering, utility coordination and equipment installation services directly to all four of the top wireless carriers in the U.S. SR Capital Advisors is a coinvestor. SunTrust Robinson Humphrey and provided by SunTrust Bank, MUFG Union Bank N.A. and U.S. Bank provided debt financing. Alston & Bird LLP were Ridgemont’s attorney.
4 min read · 07 January 2016
Tango said Wednesday that Eric Setton, the company’s co-founder, was named CEO. Sutton, who had been Chief Technology officer, succeeds Tango co-founder Uri Raz, who becomes executive chairman. Mountain View, California-based Tango is a mobile messaging service that has raised $367 million in venture capital financing.
2 min read · 07 January 2016
National HME Inc, a portfolio company of Tailwind Capital, has acquired Therapy Support Inc. With locations spread through 8 states, Therapy Support provides durable medical equipment for the hospice and long-term care industries.
1 min read · 06 January 2016
Gem said Wednesday that it closed a $7.1 million Series A round of funding led by Pelion Venture Partners. Also participating were KEC Ventures, Blockchain Capital, Digital Currency Group, RRE Ventures and more. Gem is a blockchain platform company based in Venice, California.
3 min read · 06 January 2016
Bunker Hill Capital said Wednesday that it sold California Family Fitness to Perpetual Capital Partners. Financial terms weren’t announced. Orangevale, California-based Family Fitness owns and operates fitness centers in the greater Sacramento area.
3 min read · 06 January 2016
Encore Consumer Capital said Wednesday that it promoted Daniel Gross and Kisen Nathu to Director.
2 min read · 06 January 2016
Pamplona Capital Management said Wednesday that it invested in Patientco. Financial terms weren’t announced. Atlanta-based Patientco provides cloud-based patient payment technology.
4 min read · 06 January 2016
Millbrook Capital Management Inc said Wednesday that it appointed Alan Rivera to President and John Powers to Senior Vice President effective Jan. 1. Rivera previously held the position of General Counsel & Chief Financial Officer at Millbrook Capital since 1996. Powers has been with MCM since 2005 and is focused on sourcing, structuring, and providing operational oversight for the firm's direct private equity investments.
3 min read · 06 January 2016
Fulton Capital and Merit Capital Partners have recapitalized Green Creative. Financial terms weren’t announced. Green Creative develops and makes light-emitting diode lighting for the Commercial, Industrial, and Specification markets. The deal includes Green Creative LLC of South San Francisco and Green Creative Ltd of Hong Kong. Sperry, Mitchell & Company Inc advised Green Creative.
1 min read · 06 January 2016
HealthEdge Investment Partners has closed its sale of Infinity HomeCare to Amedisys Inc for $63 million. Sarasota, Florida-based Infinity provides a in-home skilled nursing and therapy services to more than 14,000 patients annually. Livingstone advised the Infinity/HealthEdge Investment.
2 min read · 06 January 2016
