Category Archives: news

VetCor Acquires People, Pets & Vets

NORWELL, Massachusetts

VetCor, a portfolio company of funds managed by Harvest Partners, LP and Cressey & Company LP, announced that it has acquired People, Pets, & Vets (“PPV”), a leading veterinary services company with over 150 animal hospitals located throughout the United States. The acquisition brings together two best-in-class veterinary services operators with leading reputations in the industry.

“Chris and his team have rapidly developed the founding PPV practice group into an impressive national network,” commented Dan Adams, Chief Executive Officer of VetCor. “We are excited to partner our organizations to expand the resources, support services, and career opportunities for our veterinary teams, as they continue to care for growing numbers of patients, clients, and communities.”

Founded in 1992, PPV operates animal hospitals throughout the western and southern United States. Each hospital provides a range of general practice services while making a positive impact in their communities. By creating a network of passionate professionals who work smarter, PPV has built a strong track record of leading with influence, always doing the right thing, and creating a relationship built on trust.

“VetCor is one of the premier veterinary services providers in the United States,” said Chris Strong, Chief Executive Officer of PPV. “We are excited to join a best-in-class organization with the reputation and scale of VetCor, and further our mission to enhance the health and well-being of pets and their people.”

Jefferies LLC served as financial advisor and Ropes & Gray LLP served as legal counsel to VetCor. Harris Williams acted as financial advisor to PPV.

About VetCor

Founded in 1997, VetCor is an operator of veterinary practices in North America, with 549 locations across 40 states plus Canada. VetCor facilities provide a full range of general medical and surgical services for pets as well as pharmacy and ancillary services such as boarding, grooming, and other pet products. The Company has distinguished itself by promoting the local identity of each hospital, offering a family friendly work environment, providing management, training and administrative support to its hospitals, and relying on the veterinarians of each hospital to manage their medical direction.

About People, Pets, and Vets

People, Pets and Vets, born in 1992, is a veterinarian-led group with animal hospitals located throughout the western and southern United States. Each hospital provides a range of general and surgical services. PPV provides streamlined business support while allowing each hospital to maintain its local identity and medical autonomy.

Harvest Partners Backs Ownership Works as a Founding Partner


New Nonprofit Supports the Development of Employee Ownership Programs to Drive Wealth Creation

NEW YORK

Harvest Partners, LP (“Harvest” or “the Firm”), an established private equity firm with an over 40-year history of investing in middle-market companies, announced today that the Firm is a founding member of the newly created nonprofit Ownership Works, whose mission is to increase prosperity through shared ownership at work. Ownership Works, which officially launched today, develops and helps implement broad-based employee ownership programs to create better work environments and financial opportunities for employees. By 2030, the nonprofit anticipates that the shared ownership movement in America will create hundreds of thousands of new employee-owners and generate at least $20 billion of wealth for working families.

The nonprofit was launched with the support of 60 partners across the private, public, and nonprofit sectors. Harvest is one of 19 investors among that group, each of which has committed to providing financial support, implementing new models of shared ownership within their portfolio companies, and supplying detailed data and reporting that will inform improvements and best practices as the programs evolve.

Jay Wilkins, President of Harvest, said, “Harvest Partners is honored to be a founding member of Ownership Works and fully endorses its mission, which strongly aligns with our firm’s core values and practices. Harvest has long taken the view that facilitating economic participation for our employees is essential to establishing, building and maintaining a culture of inclusion, drive and shared focus to help achieve our goals.”

Initially, Harvest will build on the employee ownership efforts of its portfolio companies Insight Global, an IT-enabled talent management company, and Integrity Marketing Group, a leading distributor of life and health insurance and provider of wealth management and retirement planning solutions.

“By working with Ownership Works and our portfolio companies to implement a similar approach, we hope to not only help build better companies but also to ensure a stronger foundation to power innovation, collaboration and results,” Mr. Wilkins added.

About Harvest Partners

Founded in 1981, Harvest Partners, LP is an established New York-based private equity investment firm that focuses on investments in middle-market companies in the business & industrial services, consumer, healthcare, industrials and software industries. Harvest’s control strategy leverages the firm’s over 40 years of experience in financing organic and acquisition-oriented growth.

About Ownership Works

Founded in 2021, Ownership Works is a nonprofit organization on a mission to increase prosperity through shared ownership at work. We partner with business leaders and investors to provide all employees with the opportunity to participate in the success they help create. Our shared ownership approach improves employees’ financial security, helps them build wealth and increases their on-the-job engagement. By creating stronger workplace cultures, our model also sets the stage for businesses to enhance performance and competitiveness. To learn more, please visit ownershipworks.org.

Ares Management Sells Stake in Convergint Technologies to Leonard Green and Harvest Partners


Highlights Convergint’s Strong Growth and Excellent Management Team Convergint’s Culture Is a Key Contributor to Its Success

LOS ANGELES and SCHAUMBURG, Ill.

Ares Management Corporation (NYSE: ARES) and Convergint Technologies (“Convergint” or the “Company”) today announced that Leonard Green & Partners, L.P. (“LGP”) and funds managed by Harvest Partners, LP (“Harvest”) have purchased equity in Convergint from a fund managed by Ares’ Private Equity Group (“Ares”) and other existing shareholders. As a result of the transaction, Ares, LGP and Harvest will be financial partners with the Company.

Headquartered in Illinois, Convergint is a global leader in service-based systems integration, working alongside a global network of partners and manufacturers to design, install and service security, fire alarm, life safety, audio-visual and building automation solutions for enterprise customers. Convergint maintains a global footprint with more than 7,100 colleagues in over 150 locations worldwide. Closing more than 50 acquisitions since 2001, the Company has significantly deepened its vertical market expertise across numerous sectors, particularly in data centers, utilities, healthcare and financial services. At the same time, the Company has expanded its global reach, allowing it to better serve multinational customers across the globe. The Company is also broadening its digital transformation solution offerings, investing in innovation to meet customers’ evolving needs. With Ares’ sponsorship, the Company has experienced strong growth with revenue and EBITDA more than doubling since 2017.

“We are pleased that LGP and Harvest are joining Ares as financial partners in Convergint. This transaction underscores the strength of the Company, its management team and its growth strategy,” said Matt Cwiertnia, Partner and Co-Head of Ares’ Private Equity Group and Chairman of the Convergint Board of Directors. “Over the course of Ares’ nearly four-year partnership with Convergint, we have closely collaborated to help the Company achieve strong growth, including notable expansion in sectors, services and geographies. We are proud that Convergint has been a meaningful champion for positive change by fostering a diverse, inclusive and socially responsible culture, which has benefited the business as a whole in addition to its colleagues, communities and stakeholders.”

“Convergint has generated strong momentum through its innovative approach to driving growth, and its deep commitment to its customers, colleagues and communities,” said Abraham Zilkha, Partner in Ares’ Private Equity Group and member of the Convergint Board of Directors. “We much look forward to continuing to support Convergint in capitalizing on the significant growth opportunities ahead for the company as a leader in a dynamic industry.”

“We could not have had any better partner than Ares over the past four years. With every important decision, Ares made sure that we remained focused on one guiding factor: do what is best for Convergint, our customers, and our colleagues,” said Ken Lochiatto, CEO of Convergint. “Ares’ strength and confidence helped us accelerate our investments for growth, and their help has been tremendous as we have worked to expand our inclusion and diversity efforts and further strengthen our culture and our commitment to our founding Values and Beliefs. They have provided leadership and insights that have helped us make meaningful progress, and we are grateful for their continued support and guidance.”

“We feel Convergint is well positioned for long-term success,” said John Danhakl, Managing Partner at Leonard Green & Partners. “Convergint’s strong, values-based culture and reputation for customer service excellence combined with its best-in-class management team and significant capabilities and footprint in the global security industry position the Company for meaningful future growth. We look forward to continuing to build on Convergint’s strong foundation as the world’s premier systems integrator, while generating value to all of its stakeholders.”

“Ken and the founders have built a global leader with a unique and winning culture that runs deep through the organization. Convergint’s differentiated culture has been a key driver of its long-term success and we are thrilled to work alongside Ares, LGP, and the outstanding leadership team on the next chapter of growth,” said Steve Carlson, Partner at Harvest Partners, who will join Convergint’s Board of Directors.

William Blair, Harris Williams and J.P. Morgan served as financial advisors, and Kirkland & Ellis LLP served as legal advisor to Ares and Convergint. Latham & Watkins LLP served as legal advisor to LGP. Ropes & Gray LLP served as legal advisor to Harvest.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2021, Ares Management Corporation’s global platform had approximately $282 billion of assets under management, with approximately 2,000 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com. Follow Ares on Twitter @Ares_Management.

About Convergint

Convergint is a global, industry-leading systems integrator that designs, installs, and services electronic security, cybersecurity, fire and life safety, building automation, and audio-visual systems. Listed as the #1 systems integrator in SDM Magazine’s Top Systems Integrators Report for the past 4 years, Convergint leads with over 7,100 colleagues and more than 150 locations worldwide. Convergint recently launched Convergint Cares, a 501 (c)3 nonprofit, extending the company’s social responsibility efforts globally, supporting nonprofit entities throughout underserved communities, and providing educational, financial assistance to the families of U.S.-based colleagues. To learn more about Convergint, visit www.convergint.com.

About LGP

Leonard Green & Partners, L.P. (“LGP”) is a leading private equity investment firm founded in 1989 and based in Los Angeles with over $50 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, LGP has invested in over 100 companies in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, healthcare, and business services, as well as retail, distribution and industrials. For more information, please visit www.leonardgreen.com.

About Harvest Partners

Founded in 1981, Harvest Partners, LP is an established New York-based private equity investment firm that focuses on investments in middle-market companies in the business services & industrial services, consumer, healthcare, industrials and software industries. Harvest’s control strategy leverages the firm’s 40 years of experience in financing organic and acquisition-oriented growth. For more information, please visit www.harvestpartners.com.

Integrity Announces Strategic Investment from Silver Lake to Accelerate Growth as Omnichannel Insurtech Leader


Transformational partnership with Silver Lake will expand Integrity’s offering of life, health and wealth solutions into the future and help more Americans prepare for the good days ahead

DALLAS

Integrity Marketing Group, LLC (“Integrity” or “Company”), an omnichannel insurtech leader in life, health and wealth solutions, today announced a new strategic investment of $1.2 billion led by Silver Lake, the global leader in technology investing, for a minority stake in Integrity. Integrity’s founders, management and employees will continue to be the majority shareholders of the Company. Harvest Partners will remain the largest institutional investor, along with HGGC as a significant investor.

This partnership with the leading global technology investment firm is aimed at accelerating the ongoing development and implementation of Integrity’s innovative, one-of-a-kind omnichannel insurtech platform. In connection with this investment, Silver Lake will gain a seat on Integrity’s Board of Directors and will collaborate with Integrity’s leadership and partners on strategic initiatives to accelerate the Company’s organic growth initiatives.

“Integrity has experienced significant growth by expanding the ways we help Americans access life, health and wealth solutions,” said Bryan W. Adams, Co-Founder and CEO of Integrity. “We’ve invested heavily in technology and are constantly working to develop transformative solutions that improve the insurance and wealth management experience for Americans. We are thrilled that Silver Lake has chosen to join us on our journey to innovate insurance and leverage our unique omnichannel distribution network. Silver Lake’s proven experience and expertise in digital transformation will help position Integrity to support Americans in protecting their life, health and wealth more than ever before. This is a revolutionary partnership that will greatly enhance our mission to help Americans prepare for the good days ahead.”

“At Silver Lake, we invest in and help build and grow great companies,” said Egon Durban, Co-CEO of Silver Lake. “In meeting with Bryan Adams and the Integrity team, we were immediately impressed by their deep commitment to innovation and their passion for improving the insurance and financial planning experience for everyone. Insurance and wealth services are crucial components of the healthcare and financial markets — industries ripe for transformative innovation. We look forward to helping Integrity grow their already robust technology footprint and leverage their extensive data assets and unique distribution system to better meet consumer needs.”

Integrity expects new sales placement in 2021 to exceed $7 billion and to reach more than $20 billion of assets under management and advisement through its RIA and broker-dealer platforms by the end of the year. The Company’s 5,500 employees work with more than 420,000 agents and advisors who serve over 10 million clients annually. Integrity partners with the leading life and health insurance carriers to develop products and market them through its unmatched omnichannel distribution system.

“Integrity is at the epicenter of the U.S. healthcare and insurance markets. The amount of data and distribution capabilities that Integrity has assembled in their omnichannel approach is unlike anything in the market today,” said Adam Karol, Managing Director at Silver Lake. “Their enterprise-scale data assets, nationwide sales distribution network of consumer-focused insurance agents, tech-enabled contact centers, triple-digit growth rates and impressive M&A capabilities have created a unique insurtech platform that we’re excited to help grow.”

Silver Lake’s investment will provide valuable technology guidance and scale to Integrity’s expanding network of collaborative, tech-enabled partners in driving innovation across the enormous market for life, health and wealth protection in the U.S. Silver Lake will support Integrity to strengthen and magnify its mantra of “meeting consumers where they are on their life, health and wealth journey.” Integrity will continue its track record of transforming digital experiences in the industry, with the expanding support of Silver Lake’s deep expertise.

“Technology is reshaping the insurance industry and Integrity has been at the forefront of it,” said Jay Wilkins, President of Harvest Partners. “The Silver Lake investment will help take Integrity’s insurtech offerings to a whole new level.”

“The expansive leadership at Silver Lake is truly best in class — their track record of helping technology-driven companies like Integrity maximize opportunities speaks for itself,” added Steve Carlson, Partner at Harvest Partners. “This is a great day not only for Integrity and all of its partners, but also for the millions of Americans who stand to benefit from the improved processes and solutions we will provide together.”

“At Integrity, we will never stop striving to help the people we serve protect what matters most to them — and we’re thrilled that Silver Lake shares our vision,” added Co-Founder of HGGC and Integrity’s Chairman of the Board, Steve Young. “This partnership will allow us to expand our solutions portfolio, streamline our processes and enhance our ability to deliver the life, health and wealth solutions Americans need. We’re proud of what we’ve achieved so far, but we truly feel like we’re still just getting started. Silver Lake is in a class of its own in transforming companies with data, analytics and high aspirations. We’re confident Silver Lake will help Integrity’s forward-looking platform reach its full potential and we’re excited to add them to our investor group.”

Additional terms of the transaction, which is subject to customary closing conditions, were not disclosed.

For more information about the Silver Lake equity partnership with Integrity, view a video at www.integritymarketing.com/SilverLake.

About Integrity

Integrity, headquartered in Dallas, Texas, is a leading distributor of life and health insurance and provider of innovative solutions for wealth management and retirement planning. Through its partner network, Integrity helps millions of Americans protect their life, health and wealth with a commitment to meet them wherever they are — in person, over the phone and online. Integrity’s cutting-edge technology helps streamline the insurance and financial planning experience for all stakeholders. In addition, Integrity develops products with carrier partners and markets them through its distribution network of agencies, brokerages and RIAs throughout the nation. Integrity’s nearly 5,500 employees work with more than 420,000 agents and advisors who serve over 10 million clients annually. In 2021, Integrity expects to help carriers place more than $7 billion in new sales and will oversee more than $20 billion of assets under management and advisement through its RIA and broker-dealer platforms. For more information, visit www.integritymarketing.com.

About Silver Lake

Silver Lake is a leading global technology investment firm, with more than $88 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe, and Asia. Silver Lake’s portfolio companies collectively generate more than $221 billion of revenue annually and employ more than 526,000 people globally. For more information about Silver Lake and its portfolio, please visit www.silverlake.com.

About Harvest Partners

Founded in 1981, Harvest Partners, LP is an established New York-based private equity investment firm that focuses on investments in middle-market companies in the business services & industrial services, consumer, health care, industrial and software industries. Harvest’s strategy leverages the firm’s 40 years of experience in financing organic and acquisition-oriented growth. For more information, visit www.harvestpartners.com.

About HGGC

HGGC is a leading middle-market private equity firm with over $5.6 billion in cumulative capital commitments. Based in Palo Alto, California, HGGC is distinguished by its Advantaged Investing approach that enables the firm to source and acquire scalable businesses through partnerships with management teams, founders and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. Since its inception in 2007, HGGC has completed more than 300 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $40 billion. More information, including a complete list of current and former portfolio companies, is available at www.hggc.com.

MRI Software Addresses Real Estate Industry’s Sustainability Challenges With eSight Energy Acquisition


Addition of global energy use specialist bolsters MRI’s facilities and real estate management solution set and empowers organisations to improve energy efficiency and reduce costs

LONDON

MRI Software, a global leader in real estate software, announces it has acquired eSight Energy Limited, a UK-based software development company that empowers property owners, operators and occupiers worldwide to better manage their energy consumption and environmental footprint. Deploying eSight Energy® solutions enables organisations to improve energy-related decision-making and savings through off-the-shelf and customisable reporting and analytics. The acquisition enhances MRI’s comprehensive facilities and real estate management capabilities by adding energy monitoring solutions that decrease operating costs, reduce environmental impact, improve facility performance, and help meet legislative and compliance standards.

“One of the foundations of a well-connected community is sustainability. With this acquisition, we’re excited to continue empowering organisations to take on the challenge by helping them meet their environmental, social and governance goals,” says Saurabh Abhyankar, MRI’s Chief Product Officer. “Improving sustainability and energy efficiency results in a rare win-win-win by reducing costs, improving occupant health and helping the planet. eSight Energy provides businesses with the tools they need to help ensure they are doing everything they can to achieve these goals.”

eSight Energy software integrates with a broad range of real estate data sources and delivers a unified view of a company’s energy footprint – whether via interactive dashboards or detailed, customisable reports. The result is to provide actionable insights that reduce costs and consumption, helping organisations raise the value of their real estate portfolios while contributing to a more sustainable environment. Headquartered in Cambridge, UK, with offices in the US, the company monitors more than 260,000 buildings and production sites across 60 countries, helping its customers realise up to 30% savings on their energy costs.

MRI continues to invest in solutions that drive efficiency in every part of the organisation – from space scheduling, planning and booking to facilities lifecycle management to best-practice energy usage. The acquisition reinforces the company’s commitment to helping clients produce better overall ESG outcomes now and in the future. In addition, the information generated by eSight Energy software can be used to meet financial reporting requirements, such as energy and carbon reporting required by some governments. The software also simplifies and automates the tenant billing process, enabling accurate invoicing and on-time payments: It reads consumption data from tenant meters, generating error-free invoices; for multi-tenant buildings, the system can track individual submeters.

Janie Jefferies-Freer, CEO at eSight notes: “As a global leader in real estate software solutions, MRI furthers our reach and ability to help organisations worldwide boost their energy performance and environmental impact. From retail stores to universities to office blocks, today’s buildings are powered by a multitude of energy sources that produce large amounts of data from various systems, sensors and monitors. Combining eSight’s ability to tap into that data with MRI’s facilities management capabilities enables more organisations, whether large or small, to track energy consumption, identify issues and quickly resolve them.”

Founded in 1998 with the goal of monitoring energy consumption and reducing associated costs, eSight enables organisations to centralise and analyse all types of data affecting the energy efficiency of their buildings and equipment regardless of the data’s source, system or format. MRI will continue to support eSight users without interruption.

About MRI Software

MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI’s comprehensive, flexible, open and connected platform empowers owners, operators and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through leading solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

Experienced Healthcare Investor Paige Daly Assumes Healthcare Private Equity Association Chair


Together with Alex Albert as Vice Chair, the pair plans to further the vital role HCPEA plays for its members and the industry

CHARLOTTESVILLE, VA

Today, the Healthcare Private Equity Association (HCPEA), a nonprofit trade association focused on supporting the healthcare private equity community, announced the appointment of Paige Daly, Partner at Harvest Partners, to the position of Association Chair, effective July 1, 2021. Daly assumes the role from Diane Daych, Managing Partner and Co-Founder at Granite Growth Health Partners.

“After one of the most challenging years in recent history for healthcare, I’m excited to lead our efforts in bringing members together and providing them with the resources and support needed to further their connections”

Founded in 2010, HCPEA is the only single-sector private equity association in the U.S. and serves as a convener for its members consisting of more than 800 investors, representing 80 of the country’s most prestigious firms. To-date, members have invested in more than 1,500 successful healthcare companies that bring innovation and new ideas to the market, leading to increased access and better care outcomes for patients.

“After one of the most challenging years in recent history for healthcare, I’m excited to lead our efforts in bringing members together and providing them with the resources and support needed to further their connections,” said Daly. “It’s these connections that strengthen our industry as a whole while leading to stronger investments that result in greater patient care and improved healthcare outcomes.”

Daly will be joined by Alex Albert, Founding Partner, Patient Square Capital as the newly appointed HCPEA Vice Chair. Together, Daly and Albert will continue advancing efforts to enhance the member experience through new programming, expanded networking events, and deeper mentorship opportunities. These efforts will help drive stronger connections, smarter investments, and ultimately, better patient care.

“HCPEA is a unique organization, providing a differentiated experience for our members and a focus on improving healthcare,” said Albert. “In addition to exceptional professional development opportunities and practical leadership education at all levels, we provide access to a network of like-minded peers, supporting mentorship and camaraderie amongst the community of members.

About Paige Daly, HCPEA Chair

Paige Daly is a Partner at Harvest Partners, which she joined in 2010. She concentrates on growth capital, buyout, and recapitalization investments in healthcare businesses. Prior to joining Harvest, Daly was a Partner at Apax Partners. Daly has a BS in Economics from The Wharton School of the University of Pennsylvania and an MBA from Harvard Business School. She currently serves on the boards of Advanced Dermatology, Eyecare Services Partners and Dental Care Alliance.

About Alex Albert, HCPEA Vice Chair

Alex Albert is a Founding Partner of Patient Square Capital. He has over 15 years of investment and acquisition experience. Prior to joining Patient Square, Albert was a Partner at Ares Management where he served as the co-head of healthcare within the Private Equity Group. Most recently, Albert served on the Board of Directors of the parent entities of DuPage Medical Group, National Veterinary Associates, OB Hospitalist Group and Unified Women’s Healthcare. Albert holds a BA, magna cum laude, from Vanderbilt University in Economics and an MA from Columbia University in Quantitative Methods. He also holds an MPhil from Oxford University in Economics. Mr. Albert is a CFA® charterholder.

About HCPEA

The Healthcare Private Equity Association (HCPEA) is a nonprofit trade association whose mission is to support the reputation, knowledge, and relationships of the healthcare private equity community. Its member firms are passionate about healthcare and are committed to building successful enduring businesses that “do well” while “doing good.” As well as capital, our members bring industry knowledge, broad networks, and deep expertise to help companies grow, create jobs, and deliver high-quality healthcare. Collectively, HCPEA member firms have over $1 trillion in AUM and have supported the growth of 1500+ healthcare businesses.

MRI Software Acquires Palace, New Zealand’s Leading Property Management Solution Provider


Global PropTech company extends its footprint in ANZ with addition of software for regional property managers and agencies

AUCKLAND, NZ

MRI Software, a global leader in real estate software, announces that it has acquired Palace, New Zealand’s market-leading provider of residential property management solutions. The acquisition extends MRI’s offering and market presence in New Zealand while giving Palace and its clients access to the innovation, scale, and partnerships of a well-established industry leader.

“Our acquisition of Palace is part of MRI’s strategic global growth plan and a welcome addition to our Asia-Pacific business,” says David Bowie, MRI Software’s Senior Vice President and Managing Director, Asia-Pacific. “Bringing Palace into the MRI fold enhances our ability to serve the New Zealand market by empowering property managers and agencies with solutions that help them keep pace with local reporting and compliance requirements, including the healthy homes standards.”

Founded in 1999 and with offices in Auckland and Wellington, Palace has over 700 clients who use its solutions to manage more than 150,000 properties. Palace’s extensive partner program, which includes more than 40 partnerships and integrations, will offer expanded flexibility and choice for MRI clients in the region. MRI will continue to support, without interruption, the property managers and agents that use Palace.

Michael Abbott, Palace’s Chief Executive Officer, adds: “Palace and MRI are a great fit. Both companies are firmly committed to an open and connected approach that gives clients the flexibility to integrate the solutions that work best for their business. The deal strengthens MRI’s local expertise, while Palace and its clients gain access to additional property and workplace solutions as well as administrative and financial tools for managing wider property portfolios.”

The deal comes on the heels of MRI’s acquisition of Wellington-based WhosOnLocation, further extending MRI’s presence in New Zealand. Since MRI’s August 2019 acquisition of Rockend, the leading residential property management player in Australia, the company has grown its offering in the ANZ region to cover the full scope of solutions across the residential, commercial, investment and occupier sectors.

Clare Capital, a Wellington-based corporate finance advisory firm, acted as the exclusive financial advisor to Palace.

About MRI Software

MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI’s comprehensive, flexible, open and connected platform empowers owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through leading solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

MRI Software Enters Agreement to Acquire Manhattan Real Estate and Workplace Solutions from Trimble


Global PropTech provider boosts its workplace management offering, enhancing its unique position to serve real estate owners, operators, and occupiers

SOLON, OH 

MRI Software, a global leader in real estate software, announces that it has entered into an agreement to acquire Manhattan, the real estate and workplace solutions division of Trimble (NASDAQ:TRMB), based in Sunnyvale, California. The acquisition will extend the range of MRI’s occupier solutions, providing a broader scope of offerings for commercial property owners, operators, and tenants worldwide. The transaction is subject to a number of closing conditions and is expected to close in the first half of 2021.

“The world of work has changed fundamentally over the past year, and companies require innovative solutions that enable flexibility for their workplaces and leases,” says Patrick Ghilani, Chief Executive Officer of MRI Software. “The acquisition of Manhattan will bring a well-respected industry leader with a strong heritage into the MRI fold, and our combined workplace management capabilities uniquely position us to serve the needs of owners, operators and tenants across the real estate spectrum.”

The acquisition aligns with the ongoing strategic expansion of MRI’s corporate occupier business, giving clients a 360-degree view of their workplace and simplifying the complexities of managing diverse portfolios. Additionally, the acquisition enhances MRI’s Integrated Workplace Management System (IWMS) offering with robust workplace scheduling and facilities management capabilities, complementing its comprehensive lease accounting and administration offering. Manhattan clients gain access to a broader scope of applications to manage their lease portfolio, including MRI’s artificial intelligence (AI)-powered lease abstraction platform. In addition to strengthening MRI’s technological footprint, the acquisition also bolsters its client base in North America, Europe and Asia Pacific, and the combined company will serve 2,300 corporate occupiers. Manhattan has employees in the United States, United Kingdom, India, and Australia.

Suresh Sundaram, General Manager of Trimble Real Estate Solutions, said: “There is a real synergy between Manhattan’s offering and MRI’s occupier solutions that will benefit the clients of both businesses – and indeed any corporate occupier. Manhattan will gain from joining a larger organization committed to investing in innovative real estate technology. Both companies have a tremendous commitment to enabling finance and real estate teams to better manage their lease portfolios while maintaining compliance with global lease accounting standards, including FASB, IASB, and GASB.”

The agreement to acquire Trimble’s real estate division follows the acquisition at the end of January of North Carolina-based AMTdirect, a provider of lease accounting, lease administration and facilities management solutions for corporate occupiers and lessees. Both moves underline MRI’s growth strategy to expand its offerings for the global workplace management market. MRI will continue to support Manhattan clients without interruption.  

About MRI Software

MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI’s comprehensive, flexible, open, and connected platform empowers owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through leading solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

MRI Software Acquires AMTdirect, a Provider of Lease and Facilities Management Solutions


Proptech Firm Broadens Market Footprint and Increases Scale of Offerings for Corporate Occupiers

SOLON, OH

MRI Software, a global leader in real estate technology, has acquired AMTdirect (“AMT”), a North Carolina-based provider of lease accounting, lease administration and facilities management solutions for corporate occupiers and lessees. Clients across a wide range of industries use AMT’s technology to organize and manage their lease portfolios while ensuring compliance with global lease accounting standards, such as FASB, IASB, and GASB.

“Today’s businesses require technology to adapt to the changing nature of work,” says Patrick Ghilani, Chief Executive Officer of MRI Software. “Commercial tenants must efficiently manage their space to provide a safe, flexible experience for employees, while also strategically managing their leases to maintain compliance with new lease accounting standards.”

The acquisition further reinforces MRI’s commitment to the occupier sector and increases its market presence. MRI’s solutions serve the needs of all parties in a building, covering property owners, operators, and tenants. The company now serves approximately 2,000 occupier clients worldwide.

Ghilani adds, “We’re excited to welcome AMTdirect to the MRI family. With this acquisition, we are further increasing the depth of our offering for corporate tenants, while enabling AMT’s clients to take advantage of solutions that complement lease management, such as lease administration, space management, and AI-powered lease abstraction.”

“We are eager to begin this new chapter,” says Jeff Ralyea, CEO of AMTdirect. “MRI is a pioneer in the industry and has a stellar reputation for innovation. As part of MRI, we can give our clients access to a broader variety of tools that will fuel business growth.”

MRI will continue to support AMT users without interruption.

Kirkland & Ellis served as MRI’s legal advisor. AMTdirect was an investment held by Luminate Capital Partners.

About MRI Software

MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses – from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI gives organizations the freedom to transform the way communities live, work, and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

PRO Unlimited Further Strengthens Its Contingent Workforce Management Platform with the Acquisition of PeopleTicker


Combined technologies provide companies with the industry’s most advanced data and intelligence solution to better attract and retain talent while reducing costs

SAN FRANCISCO, CA

PRO Unlimited, a global innovator in contingent workforce management, today announced the acquisition of PeopleTicker, a leader in compensation data specializing in contingent labor rates and hiring intelligence globally. The companies’ combined technologies enable HR, talent acquisition, procurement, and compensation professionals to access strategic insights and market rate benchmarking to better attract and retain talent while reducing costs. The PeopleTicker addition supports PRO’s commitment to invest in its clients, advance innovation and enhance the power of PRO’s contingent workforce management platform the Global 2000 relies upon. 

Today, the war for talent is more strategic and mission critical than ever as the contingent workforce rapidly approaches a full 50% of all white-collared skill workers. As a result, high-quality, accurate market rate data in hundreds of markets across thousands of job titles has never been more important as enterprises increasingly globalize their programs. Also, many compensation experts have a great need for on-demand access to accurate market rate data required to optimize hiring decisions. Lacking robust market intelligence, these organizations frequently pay higher market rates by role and/or location, resulting in significant unnecessary spend and highly sub-optimized talent placement.

To help address this need, PRO has expanded the capabilities of its contingent workforce management platform by acquiring PeopleTicker’s data science and market rate intelligence. PeopleTicker uses machine learning and industry-expert crowdsourcing to assemble the most comprehensive, accurate, current global market rate data in the industry. Extensive expertise with salary and contingent labor categories along with hands-on experience of global labor markets has made PeopleTicker a trusted partner to many leading brands across 160 countries. With PeopleTicker’s global data and rate intelligence exclusively coupled with PRO’s industry-leading Managed Services Program (MSP), Vendor Management System (VMS), payroll/compliance and RatePoint business intelligence software and services solutions, Global 2000 companies will have direct access to this intelligence. This enables $10s or $100s of millions annually in optimization as organizations look to scale and efficiently manage the costs of their white-collar, contingent talent programs.

“Now more than ever, companies are seeking ways to win the war for talent as the white-collar world shifts to contingent vs. full time. They need to lower spend, reduce complexity and source the best talent possible given the massive acceleration – globally – of the contingent workforce segment,” said Kevin Akeroyd, CEO, PRO Unlimited. “We are excited that we can now offer clients the most optimal and advanced data and intelligence solution available in the market to meet their sourcing needs around the world. This acquisition strengthens our comprehensive data, software and services platform while delivering the innovation that the industry has been waiting for. This offering is now exclusively available through our Wand VMS and RatePoint SaaS solutions, as well as a suite of DaaS solutions to further enable our clients’ success. It also further differentiates PRO’s platform in the marketplace, as no one else in the industry has this combination of solutions for the modern, global enterprise.”

“Our primary goal has always been to focus on the specialization and nuances of sourcing non-employee labor. Harnessing the power of data and analytics and making it easily accessible to companies provides them with a unique competitive advantage,” said Joseph Musacchio, CEO and President, PeopleTicker. “PRO Unlimited was the clear choice when searching for an organization to deliver our technology to the world. We couldn’t be more pleased about the opportunity to have PRO bring our vision to light.”

This announcement comes on the heels of PRO’s recent launch of RatePoint, the industry’s most powerful rate intelligence SaaS offering. RatePoint SaaS combined with PeopleTicker DaaS will enable organizations to more quickly source and accurately price contingent labor anywhere in the world. This acquisition will expand PRO’s already large global footprint and strengthen its comprehensive and integrated platform with the addition of true data and intelligence solutions to its SaaS and services solutions.

To learn more about PRO’s Rate Intelligence platform, please visit www.prounlimited.com/ratepoint-details.php

About PRO Unlimited

PRO Unlimited offers the industry’s most comprehensive and holistic platform for contingent workforce management, and helps organizations around the world address the costs, risks and quality issues associated with managing the non-employee workforce. PRO’s platform consists of integrated SaaS software and services solutions that are built on the world’s most robust contingent workforce data set, spanning over 30 years. A pioneer and innovator in the industry, PRO’s platform provides solutions for the procurement and management of contingent labor, global rate intelligence, direct sourcing, 1099/co-employment risk management, third-party payroll, and diversity and inclusion. www.prounlimited.com

Granicus Announces Joint Investment From Harvest Partners and Vista Equity Partners


Harvest and Vista join forces to support Granicus’ vision and momentum delivering broad digital transformation to governments with the industry’s first Civic Engagement Platform

DENVER, CO

Granicus, the leading provider of cloud-based citizen engagement technologies and services, today announced that Harvest Partners (“Harvest”) has joined as an investor alongside Vista Equity Partners (“Vista”) and K1 Investment Management (“K1”) to support Granicus’ continued growth and market leadership. As a technology innovator and trusted partner to governments, Granicus will continue to support government institutions as they transition to the cloud and adopt broader digital transformation initiatives to modernize their operations and connectivity to their constituents.

“As an established private equity firm with nearly 40 years of investing experience, Harvest looks to partner with market-leading organizations and leadership teams. Granicus’ solutions and expertise have proven to be invaluable to public sector customers who are increasingly leveraging digital tools to serve their constituents.”

“2020 has been an unprecedented year. But in the face of adversity, we’ve been inspired by the resilience and innovation exhibited by government leaders as they rapidly respond to the challenges brought on by the pandemic,” said Mark Hynes, CEO of Granicus. “We are proud to play our part in helping our government customers accelerate digital connections with constituents. We are thrilled to continue our work with Vista while adding Harvest to the team as we work side-by-side with governments on their digital transformation journeys.”

During the human, health and economic crises brought on by the COVID-19 pandemic, government agencies have increasingly turned to Granicus solutions to help them rapidly communicate and respond to the urgent needs of their communities. Supporting over 4,500 government agencies, 50,000 government users, and 250 million citizens, Granicus’ industry-leading platform of integrated web and mobile applications, digital communications, online digital service delivery, and virtual civic participation solutions has enabled governments to rapidly transition to be ‘always on’ as residents and citizens needed it most.

“As an established private equity firm with nearly 40 years of investing experience, Harvest looks to partner with market-leading organizations and leadership teams. Granicus’ solutions and expertise have proven to be invaluable to public sector customers who are increasingly leveraging digital tools to serve their constituents.” said David Schwartz, Partner of Harvest Partners. “We look forward to working with Mark and the Granicus team as they continue to enable government agencies to provide critical services more efficiently and effectively,” said Joshua Carter, Principal of Harvest Partners.

During one of the most challenging periods in modern history, Granicus has helped government leaders deliver over 5 billion COVID-related digital messages to constituents, conducted over 2,500 virtual community council meetings, and enabled hundreds of thousands of digital service transactions to ensure that people could remain informed, connected, and safe during the pandemic while maintaining access to vital services.

“Granicus has proven itself to be an essential partner to government workers and organizations—from the largest federal and state agencies to smaller local agencies and special districts,” said Patrick Severson, Managing Director of Vista Equity Partners. “During this unprecedented time, Granicus has demonstrated that the advanced capabilities and interoperability of the technology provided by its Civic Engagement Platform has never been more important and is here to stay. We are proud of the Granicus team and excited to partner with Harvest as we help build a more connected government.”

William Blair & Company acted as exclusive financial advisor and Kirkland & Ellis acted as legal advisor to Granicus.

About Granicus

Granicus connects governments with the people they serve by providing the first and only Civic Engagement Platform for the public sector. Nearly 4,500 federal, state and local government agencies and more than 250 million citizen subscribers power an unmatched Subscriber Network that turns government missions into quantifiable results. With comprehensive cloud-based solutions for communications, government website design, online service delivery, meeting and agenda management software, and records management, Granicus empowers stronger relationships between government and citizens. Learn more at granicus.com.

Harvest Acquires Galway Insurance Holdings


Galway Insurance Holdings Secures Majority Interest from Harvest Partners with New Equity Investments from Oak Hill Capital and The Carlyle Group

SAN FRANCISCO, CA

Galway Insurance Holdings (“Galway”), the holding company for EPIC Brokers & Consultants (“EPIC”) and JenCap Holdings (“JenCap”), which together represent one of the nation’s largest insurance distribution firms, announced today that it has signed a definitive agreement with vehicles controlled by Harvest Partners, LP and its affiliates (“Harvest”) for a majority interest of Galway. Galway’s existing private equity investors Oak Hill Capital (“Oak Hill”) and The Carlyle Group (“Carlyle”) will reinvest alongside the management team and employee shareholders, who will remain significant shareholders. Terms of the transaction were not disclosed.

In total, Galway manages over $7 billion of insurance premiums, employs over 3,100 associates and operates over 100 offices serving all 50 states. EPIC and JenCap are ranked as the 14th and 8th largest retail and specialty distribution brokers by Business Insurance magazine, respectively.

John Hahn, co-founder and Chairman of Galway, said, “We are thrilled with the outcome and are excited to welcome Harvest on as partners. To have them alongside Oak Hill and Carlyle presents us with a formidable group of investors highly supportive of our vision to continue to build a differentiated business within insurance distribution. This recapitalization provides us with the ability to be opportunistic in today’s market; to grow and expand each of Galway’s related specialty strategies around retail brokerage, risk management, wholesale brokerage, program administration and underwriting management.”

EPIC CEO, Steve Denton said, “The addition of Harvest Partners and the ongoing commitment of both Oak Hill and Carlyle allows our retail platform to continue our exponential growth in all aspects of our business which now includes comprehensive, nationwide solutions across industry focused practices in employee benefits and property & casualty along with dedicated resources in areas like risk management, small commercial and private clients.”

John Jennings, co-founder and CEO of JenCap, said, “This is exactly why we joined the Galway platform; the business dynamics of the holding company are extremely attractive for investors and will allow us to pursue our aggressive growth goals, while building out further specialty expertise and depth across our platform for our twelve thousand retail clients.”

Jay Wilkins, COO and Partner of Harvest, said, “John, Steve and John have built an exceptional business with the support of Oak Hill and Carlyle that we look forward to continue aggressively growing” with Steve Carlson, Partner, adding “it is an optimal time to invest in such a strong team to capitalize on favorable dynamics in the insurance distribution space.”

Steve Puccinelli, Managing Partner of Oak Hill said, “Since our original 2017 investment in EPIC, John Hahn and his top-tier team have more than tripled the business, significantly expanding that company’s unique platform and successfully joining it with JenCap to create Galway in June of this year. We are excited to continue to partner with the Galway management team, as well as Harvest and Carlyle, to build the preeminent growth platform in insurance distribution.

John Redett, Managing Director and Head of Carlyle’s Global Financial Services group, said, “We’re proud of our long-standing partnership with John Hahn and the rest of the management team. John and the Galway team have done a fantastic job growing the business since we initially invested in 2013 and we believe Galway is positioned to capitalize on a number of strategic initiatives going forward. The addition of Harvest Partners and continued investment from Carlyle, Oak Hill Capital, and management further strengthens our tenured partnership and creates a strong alignment among all stakeholders.”

Equity capital for the investment will come from funds managed by Harvest Partners, L.P., Oak Hill Partners Fund V, and Carlyle Global Financial Services Partners II and III.

The transaction is expected to be completed by the end of 2020, subject to customary closing conditions, including regulatory approvals.

Evercore Group LLC, Goldman Sachs & Co LLC and Morgan Stanley & Co LLC served as financial advisors to Galway, Weil, Gotshal & Manges LLP served as legal counsel to Oak Hill and Galway. Wachtell, Lipton, Rosen & Katz served as legal counsel to Carlyle. Ropes and Gray LLP served as legal counsel to Harvest.

About EPIC Brokers & Consultants


EPIC Insurance Brokers & Consultants, now has more than 2,600 team members operating from more than 80 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs, and Private Client solutions to EPIC clients. For more information on EPIC, visit: www.epicbrokers.com.

Epiq Expands its Legal Transformation Services Offerings with Acquisition of Hyperion Global Partners

NEW YORK, NY

Epiq, a global leader in the legal services industry, announced today that it is has acquired Hyperion Global Partners (Hyperion), the premier global business and technology advisory practice for legal operations and transformation.

The acquisition expands Epiq’s strategy to deliver a suite of legal business management services and solutions to corporate in-house law departments, law firms and other clients. Hyperion’s Founder and CEO, Eyal Iffergan, will join Epiq as Managing Director of its of new legal operations advisory business.

The Hyperion acquisition includes its legal operations advisory practice as well as Hyperion Research, the analyst-driven unit of Hyperion Global Partners focused on legal solutions market intelligence. Hyperion Research is the premier provider of independent market research and analysis, delivering unparalleled insights on leading trends in legal strategy, operations, and technology.

“The recent pace of legal industry change has acutely accelerated the need for law departments and firms to be run like a business, including the need to embrace digital transformation,” said Ziad Mantoura, SVP and General Manager for Epiq’s legal transformation services business. “Hyperion has a team of expert consultants and a heritage of guiding clients to make intelligent, fact-based decisions to transform their businesses. Joining forces with this team and its impressive market intelligence capabilities adds considerable depth to the solutions we offer our clients as we help guide their digital transformation.”

Hyperion’s Iffergan remarked, “Hyperion has long been recognized for our drive to deliver operational expertise and innovation, with a healthy dose of pragmatism, to help our clients execute legal operations transformation programs. Our integration with Epiq, the globally recognized leader in legal business operations and services, brings together a powerhouse of capabilities and scale – a dynamic professional toolkit to galvanize our clients’ keystone initiatives and empower legal teams everywhere to achieve operational performance excellence.”

The legal transformation services group at Epiq was launched earlier this year and is part of its Legal Solutions business, led by Roger Pilc, President and General Manager. Hyperion’s capabilities complement Epiq’s services, which include eDiscovery, law department consulting, legal spend analysis, flexible legal talent, and information governance.

Said Pilc, “We’re thrilled to have Hyperion as part of Epiq as we continue to build out our vision for helping our clients. “Together, we can scale and extend their transformative work with legal teams globally.”

About Hyperion Global Partners

Founded in 2009, Hyperion Global Partners is recognized as the premier global business and technology consulting practice for the legal profession. Hyperion Global Partners brings over twenty years of dedicated experience in legal business, operations, and technology solutions. We advise Am Law 200 law firms, Global 1000 corporations, and other legal service organizations to make intelligent, fact-based decisions about how to improve their operational performance. A consultancy of experts, we focus on helping our clients lead transformation programs with strategic value-based engagement models and legal business expertise in process, operations, organization, and technology. For more information, please visit www.hyperiongp.com

About Epiq

Epiq, a global leader in the legal services industry, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com

MRI Software Acquires CheckpointID, Adding ID Verification and Fraud Prevention to Multifamily Offering


Technology Enables Residential Property Managers to Perform Real-Time Digital ID Checks

SOLON, OH

MRI Software, a global leader in real estate software solutions, has acquired CheckpointID, LLC, a Carrolton, Texas-based provider of ID verification and fraud prevention technology solutions to the multifamily industry.

The CheckpointID™ solution validates government-issued domestic and international IDs in real time to protect against rental fraud and increase safety in both guided and self-guided apartment tours. The solution allows leasing agents to quickly perform checks in person or online and provides an efficient and secure alternative to the traditional paper-based process.

“CheckpointID is a perfect fit for our comprehensive MRI Living suite, which covers every component of the residential leasing cycle,” says Patrick Ghilani, Chief Executive Officer of MRI Software. “The impacts of COVID-19 have only accelerated the need for digitalization, and residential property managers are under increasing pressure to deliver a modern, online customer experience. Our strategic investment in CheckpointID broadens MRI’s digital-first offering and adds to a growing range of innovative applications that bring greater efficiencies to the day-to-day activities of our users.”

The CheckpointID solution extends MRI’s capabilities for the multifamily market, in particular adding deeper functionality to applications for lead management and resident screening. Driven by increased demand for online services and the shift towards smart and connected communities, the technology also has the potential to support the wider markets and geographies that MRI serves, including public and affordable housing, short-term rentals, and student accommodation.

“We’ve enjoyed significant growth since launching in 2017 and have become synonymous with ID verification in the industry,” says Terry Slattery, Chief Executive Officer of CheckpointID. “The investment, innovation and scale that MRI brings will only accelerate our development, and we’re looking forward to the next stages of our exciting journey as part of the MRI family.”

CheckpointID will continue to serve and support its clients without interruption and will continue to offer its ID verification and fraud prevention software solutions to users of all property management systems in the market.

Software Equity Group served as the exclusive financial advisor to CheckpointID.

About MRI Software

MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses – from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI gives organizations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

MRI Software Enters Into Definitive Agreement to Acquire RentPayment™ Business From Priority Technology Holdings, Inc.


Under agreement, Priority to continue providing payment infrastructure and processing

ALPHARETTA, GA; SOLON, OH

MRI Software (“MRI”), a global leader in real estate software solutions, and Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority”), a leading provider of merchant acquiring, integrated payment software and commercial payment solutions, have entered into a strategic agreement in real estate payments. Under the terms of the agreement, MRI will acquire Priority’s RentPayment business, which is comprised of the RentPayment.com™, StorageRentPayment.com™ and DuesPayment.com™ real estate payment brands. Going forward, Priority will provide ongoing payment infrastructure as a service and processing to the new platform at MRI.

“The convenience and continuity of accepting multiple payment options has never been more essential to the residential real estate sector than in the current global health environment”

“The convenience and continuity of accepting multiple payment options has never been more essential to the residential real estate sector than in the current global health environment,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “With this acquisition and partnership with Priority, MRI significantly expands our existing payments solution and scale and further improves both the resident and property manager experience provided by our platform. Additionally, we will now expedite the availability of our online payments solution to include both residential and commercial client offerings in all regions we serve, including Europe, Africa and Asia Pacific.”

Founded in 1999, the RentPayment business pioneered real estate payments with the industry’s first comprehensive payment platform for consumer rent. Today, the RentPayment platform serves some 2,900 clients across the U.S. multi-family, single-family, storage and HOA markets. The RentPayment, DuesPayment, and StorageRentPayment brands provide a feature rich suite of payment solutions, including resident rent payments and security deposits via web and mobile to landlords and property managers.

Existing clients of the RentPayment platform will continue to receive uninterrupted service led by Copley Broer and Jamey Rosamond, who helped build the platform within Priority. MRI remains committed to providing and supporting payments solutions for all organizations, regardless of their property management software. Similarly, MRI remains committed to providing choice and flexibility for its clients through an open and connected ecosystem that includes multiple payments partners. The transaction is expected to close in the third quarter of 2020 and is subject to customary regulatory approval.

“We’re extremely excited about entering into the transaction and burgeoning partnership with MRI,” said Tom Priore, Chairman and Chief Executive Officer of Priority. “This transaction will enable the RentPayment business to accelerate its investment in renter engagement at MRI and importantly maintain operational continuity with Priority as we continue to provide payment operations to the enterprise,” Priore added. “Notably, our relationship with MRI positions Priority to assist in the future growth of MRI’s payments platform. We’re thrilled to partner with an exceptional organization in MRI with its market leading technology platform and its key stakeholders.”

Software Equity Group was Priority’s exclusive advisor and Maynard Cooper & Gale served as Priority’s legal counsel on the transaction.

About MRI Software

MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses – from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI gives organizations the freedom to transform the way communities live, work, and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

About Priority Technology Holdings, Inc.

Priority is a leading provider of merchant acquiring, integrated payment software and corporate payment solutions, offering unique product and service capabilities to its merchant network and distribution partners. Priority’s enterprise operates from a purpose-built payments infrastructure that includes tailored customer service offerings and bespoke technology development, allowing the Company to provide end-to-end solutions for payment and payment-adjacent software. Additional information can be found at www.PRTH.com.

Neighborly ® Acquires HouseMaster®


Home inspection franchise grows franchisor to 25 brands and more than 4,000 franchise owners under the parent company umbrella.

WACO, TX

Neighborly®, the world’s largest franchisor of home service brands, today announced the acquisition of HouseMaster, a professional home inspection franchise headquartered in Somerville, N.J. The addition becomes the 25 th brand under the Neighborly umbrella and officially expands the organization to more than 4,000 franchise owners around the world.

“Our vision is to ‘Own the Home’ and provide the very best services to homeowners, and this now includes HouseMaster’s premier home inspection network with a stellar reputation that more customers can call upon,” said Mike Bidwell, president and CEO of Neighborly. “HouseMaster is a perfect complement to our existing Neighborly brands and presents a tremendous opportunity to grow more franchise locations.”

Founded in 1979 by Ken Austin, HouseMaster became the first home inspection business to franchise and now includes more than 170 franchise owners serving more than 300 franchise territories across the U.S. and Canada. Since the brand’s founding, HouseMaster inspectors have performed more than 3.5 million home inspections.

Now as part of Neighborly, the brand that pioneered the home inspection business will operate alongside Neighborly’s many home service brands that repair, maintain and enhance the home. The combined reach that results from this acquisition will continue to help more than 10 million customers across the Neighborly organization find and utilize the best home service professionals in the world.

“Having grown up in this business, I recognize that joining the larger Neighborly organization marks a historic moment for HouseMaster as a launching point for growth like we’ve never seen before," said Kathleen Austin Kuhn, president of HouseMaster and a charter member of the American Home Inspection Association (AHIA). “We look forward to expanding our presence, serving more customers by being all things Neighborly to residential and commercial real estate buyers and sellers.”

For more information about Neighborly’s service brands visit www.neighborlybrands.com.

About Neighborly®

Neighborly® is the world’s largest home services franchisor of 25 brands (including Neighborly umbrella service brand) and more than 4,000 franchise owners serving 10 million customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 15 service categories at www.neighborly.com in the United States and www.neighbourly.ca in Canada. More information about Neighborly / Neighbourly and its franchise concepts is available at www.NeighborlyBrands.com and www.nbly.co.uk.

Harvest Partners Hires Jamie Toothman as General Counsel and Chief Compliance Officer

NEW YORK, NY

Harvest Partners, LP (“Harvest” or the “Firm”) announced today that Jamie Toothman has joined Harvest as General Counsel and Chief Compliance Officer. In this role, Ms. Toothman will oversee the Firm’s legal and compliance matters and provide legal support for funds managed by Harvest.

Prior to joining Harvest, Ms. Toothman was a Senior Vice President at Oaktree Capital Management, L.P., where she managed fund formation and operations, regulatory compliance and other legal matters across a variety of strategies, including private equity and credit opportunities. Ms. Toothman began her legal career at Gibson, Dunn & Crutcher LLP, focusing on private and public acquisitions, capital markets and other corporate transactions.

Michael DeFlorio, President of Harvest, said, “Having a seasoned professional with experience managing legal and compliance matters, across multiple investment strategies within private equity, makes Jamie a valuable addition to our leadership team. Her expertise will add to the Firm’s continued growth, while also helping us navigate an ever-changing global regulatory environment.”

Ms. Toothman commented, “I am excited to join the Harvest team and look forward to working with the firm in supporting its continued success and commitment to excellence and integrity.”

Ms. Toothman holds a J.D. from the University of Michigan Law School and a B.A. from the University of Michigan.

About Harvest Partners, LP

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm that focuses on investments in middle-market companies in the business services & consumer, healthcare, industrial services and manufacturing & distribution sectors. Its control and non-control strategies leverage Harvest Partners’ 35+ years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

MRI Software Enters Agreement to Acquire Castleton Technology PLC


Acquisition of social housing technology provider to extend MRI’s residential market capabilities

LONDON, UK

MRI Software, a global leader in real estate software solutions, announces that it has entered into an agreement to acquire Castleton Technology Plc, a leading provider of specialist software and services to the social housing sector. MRI expects that, upon close, the acquisition will extend its residential market offering and accelerate the development of Castleton’s cloud-based technologies to serve the needs of social housing providers.

“The acquisition of Castleton is a significant development for our business, delivering us scale in the UK real estate market and social housing sector in particular – providing a platform to further accelerate our growth globally,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “A combined MRI and Castleton will be extremely well equipped to address the varying needs and evolving business models of the UK and Australian social housing sectors, with a comprehensive and flexible product portfolio. We are excited to work with the management team and employees of Castleton, to build upon their strong position in the social housing sector, utilising MRI’s complementary experience, capabilities, network and resources.”

Castleton’s cloud-based technology is used by social housing providers in the UK, Republic of Ireland and Australia to enhance every aspect of customer service and business management, from building repairs to document management and payment collection. MRI plans to build on Castleton’s capabilities, providing investment and access to global expertise that will accelerate growth.

“Castleton has performed well since embarking on the strategy in 2013 to build a public sector-focused software and managed service business, growing organically as well as through a series of acquisitions. The competitive landscape is changing and as such I welcome the opportunity for Castleton shareholders to realise their investment at a premium of 42.9% to yesterday’s Closing Price. I would also like to take this opportunity to thank all the employees of Castleton for all their hard work and support. The Castleton Directors believe that MRI Software will be an excellent partner to Castleton and its management and employees. We believe the acquisition is in the best interests of all our stakeholders and unanimously recommend that shareholders vote in favour of the resolutions relating to the acquisition,” said David Payne, Non-Executive Chairman of Castleton.

The acquisition has been unanimously approved by the boards of MRI and Castleton and is pending shareholder approval. Castleton will continue to serve its clients, as usual, without interruption.

About MRI Software

MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses – from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI gives organisations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

Harvest Partners Announces Promotions

NEW YORK, NY

Harvest Partners, LP (“Harvest” or “the Firm”), a leading private equity firm, is pleased to announce the following promotions: Michael Greenman and James Mitchel have been promoted to Partner. Josh Carter, Chris Peyser and Chris Schaller have been promoted to Principal. Fabia DeCrescenzo has been promoted to Director of Finance. Lucas Rogers has been promoted to Vice President.

  • Mr. Greenman joined Harvest in 2012 and has focused on investments in the healthcare services, software and industrial services sectors.  He currently serves on the boards of Dental Care Alliance, Advanced Dermatology, and Eyecare Service Partners. In addition, Mike has been involved with several current and past Harvest portfolio companies including MRI Software, Valet Living, PSSI, Athletico, AxelaCare, and Green Bank. Mike has a B.A. and a B.S. from the University of Pennsylvania and an M.B.A. from The Wharton School.
  • Mr. Mitchel joined Harvest in 2009 and has focused on investments in the industrial services, distribution, and business services sectors.   James serves on the Boards of APC Automotive Technologies, Insight Global and Lazer Spot.  He previously served on the Boards of FCX Performance and TruckPro. He has also been involved with Harvest’s investments in Epiq, Regency Energy Partners and VetCor. James has a B.S. in Economics from The Wharton School of the University of Pennsylvania.

Thomas Arenz, Partner of Harvest, said, “Michael and Jim have both been active in many investments across a range of industries and are experienced middle market private investors. We have great confidence in them and are pleased to recognize their contributions by welcoming them as partners."

  • Josh Carter joined Harvest in 2015 and has been involved in investments in the healthcare services, distribution, business services, software and veterinary sectors. Josh has a B.S. in Business Administration from The Ohio State University and an M.B.A. from The Wharton School.
  • Fabia DeCrescenzo joined Harvest in 2004 as Assistant Controller. She is involved in all aspects of fund accounting, tax, treasury and reporting. She has a B.S. in Accounting and a Masters in Accounting from St. John’s University.
  • Lucas Rogers joined Harvest in 2018 as a Senior Associate and he has been involved in investments in the business services sector including Integrity Management Group and Yellowstone Landscaping. He has a B.S. in Economics from the University of North Carolina, an M.S. in Finance from George Washington University, and an M.B.A. from The Wharton School.

Chris Peyser and Chris Schaller are members of the Harvest Partners Structured Capital Fund team (“Harvest SCF”) – the non-control private equity strategy of Harvest.

  • Chris Peyser joined Harvest in 2017. Since joining the Firm, Chris has closed six Harvest SCF investments. Prior to joining Harvest SCF, Chris was a Senior Associate at Kelso & Company. He is a member of the Board of LAZ Holdings and is an observer to the Board of Advancing Eyecare. He is a graduate of Princeton University with an A.B. in Politics.
  • Chris Schaller also joined Harvest in 2017. Since joining the Firm, Chris has closed eight Harvest SCF investments. Before joining Harvest SCF, Chris was a Senior Associate in the Private Equity group of Ares Management, L.P. He is a graduate of Stanford University with a B.A. in Economics.

Steve Duke, Partner and Co-Head of Harvest SCF, said, “Chris Peyser and Chris Schaller have both played integral roles at Harvest SCF, helping support the continued growth of the strategy through deployment of capital, oversight of our portfolio companies, and expansion of the team. They are valued members of the Firm.”

MRI Software Welcomes Strategic Growth Investment


Harvest Partners Joins TA Associates, GI Partners and MRI Management to accelerate innovation and global growth

NEW YORK, NY

Harvest Partners, LP (“Harvest”) today announced that funds managed by Harvest completed a new strategic investment in MRI Software (“MRI” or “the Company”), in partnership with existing investors TA Associates, GI Partners and management. The Company’s management team, led by CEO Patrick Ghilani, will continue to lead MRI and remain significant owners of the business. Additional terms of the transaction were not disclosed.

MRI, headquartered in Solon, OH, is a leading provider of real estate management software solutions globally. MRI’s comprehensive product portfolio includes SaaS solutions for commercial and residential property management, leasing, accounting, investment management and modeling, facilities management, and other applications. MRI serves a diverse set of 8,500+ global enterprise customers and employs 1,400+ people across 21 global offices.

Of the transaction, Patrick Ghilani said, “Harvest is an experienced investor with a long-term perspective that will help MRI continue to meet the growing and evolving needs of our clients, innovate our software portfolio and provide world-class global service. We believe the added capital will further the development of our comprehensive software portfolio and allow for strategic add-on acquisitions to meet the needs of a rapidly changing market. Our management team is invigorated to continue our mission in this new decade with the support of these three experienced investors.”

“We could not be more excited to support MRI on the next phase of the company’s journey. We have watched MRI’s success over the years and are pleased to have the opportunity to be a part of it. We look forward to partnering with management, TA Associates and GI Partners to continue to build the leading provider of real estate software solutions globally,” said Andrew Schoenthal, Partner at Harvest.

Michael Greenman, Partner at Harvest added, “Patrick and the MRI team have built an incredible software business that has grown organically and inorganically over many years. We are thrilled to work alongside an exceptional team and provide additional financial and strategic resources to support the company’s next phase of growth.”

UBS acted as the exclusive financial advisor and Kirkland & Ellis and Goodwin served as legal counsel to MRI, TA Associates and GI Partners. William Blair & Company and Harris Williams acted as financial advisors, Alvarez & Marsal acted as transaction and tax advisor and White & Case acted as legal counsel to Harvest. Funds managed by Harvest Partners SCF, LP provided financing. As part of the transaction, Michael DeFlorio, Ira Kleinman and Andrew Schoenthal from Harvest will join TA Associates, GI Partners and Patrick Ghilani on the Board of Directors of MRI. Also leading the investment from Harvest were Michael Greenman, David Schwartz and Joshua Carter.

About MRI Software

MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses – from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI gives organizations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

MRI Software Receives Investment to Accelerate Innovation and Global Growth


Harvest Partners joins GI Partners and TA Associates in backing MRI’s mission to help real estate companies improve operations and maximize portfolio value through an open PropTech ecosystem

SOLON, OHIO

MRI Software, a global leader in real estate software solutions, announces that funds managed by Harvest Partners, LP, a leading private equity firm, are making a substantial strategic investment in the company. Harvest Partners joins existing investors TA Associates and GI Partners as institutional shareholders in MRI. At the same time, TA Associates is also making a significant new investment in the business. These investments will enable MRI to bolster innovation across its end-to-end offering, accelerate growth, extend its global footprint and deliver on its mission to create an open technology environment for the real estate industry.

Patrick Ghilani, MRI’s Chief Executive Officer, comments: “Harvest is an experienced investor with a long-term perspective that will help MRI continue to meet the growing and evolving needs of our clients, innovate our software portfolio and provide world-class global service. We believe the added capital will further the development of our comprehensive software portfolio and allow for strategic add-on acquisitions to meet the needs of a rapidly changing market. Our management team is invigorated to continue our mission in this new decade with the support of these three experienced investors.”

Today, MRI has more than 8,500 enterprise clients, representing over two million users, who rely on the company’s applications to run their daily real estate operations. MRI has experienced unprecedented growth over the last three years, both organically and through strategic acquisitions, resulting in a more than tripling of the size of the business. Over the same timeframe, the number of MRI employees has more than doubled to 1,450.

MRI has significantly expanded its global footprint with major strategic acquisitions in the United Kingdom, South Africa and Australia. The company has also made key acquisitions that strengthen its product offering and capacity for future innovation, including Leverton, a pioneer in artificial intelligence for the real estate sector, and ProLease, which enhanced capabilities aimed at helping corporate occupiers manage lease administration and analysis while meeting new global accounting standards. MRI now serves clients in more than 170 countries from 30 locations around the world, including Cleveland, Atlanta, Boston, Toronto, London, Cape Town, Singapore, and Sydney.

Hythem T. El-Nazer, Managing Director of TA Associates, says: “Since making our investment in MRI in June 2017, the business has accelerated its growth via continued innovation in new applications and through strategic acquisitions that have extended its global footprint. We are excited about making a further investment in MRI alongside Harvest and are thrilled to continue to back Patrick Ghilani and his leadership team.”

Travis Pearson, Managing Director of GI Partners, adds: “Since GI Partners first invested in MRI in June 2015, the company has demonstrated the ability to capitalize on new investment and deliver innovation, accelerated organic growth and a compelling global competitive position. We appreciate the outstanding leadership that Patrick and the rest of the MRI executive team have delivered and look forward to the company’s next stage of growth.”

Andrew Schoenthal, Partner at Harvest Partners, notes: “We could not be more excited to support MRI on the next phase of their journey. We have watched MRI’s success over the years and are pleased to have the opportunity to be a part of it. We look forward to partnering with management, TA Associates and GI Partners to continue to build the leading provider of real estate software solutions globally.”

TA Associates, GI Partners and Harvest Partners will have equal representation on the MRI Board of Directors. UBS is acting as the exclusive financial advisor and Kirkland & Ellis and Goodwin Procter are acting as legal advisors to MRI Software, GI Partners and TA Associates during the transaction. White & Case is acting as legal advisor to Harvest Partners.

About MRI Software

MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses – from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI gives organizations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

Integrity Announces Employee Ownership Plan; Nearly $50 Million Paid Out to Employees

DALLAS, TX

Integrity Marketing Group, LLC (“Integrity”), Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced the completion of a new Employee Ownership Plan. The plan provides meaningful ownership to all of Integrity’s eligible employees who have at least one year of tenure, at no cost to them.

This represents a plan for all of Integrity’s 750 employees from every level at more than 30 brands around the country. In addition, employees of newly-acquired businesses will also join the ownership program, giving everyone the opportunity to share in the combined success of the overall Integrity platform.

To celebrate the launch of this remarkable Employee Ownership Plan, the company has retroactively paid out almost $50 million to all employees in recognition of their contributions to Integrity’s success and to demonstrate the commitment to employee ownership at Integrity.

“Partnership is core to everything we do at Integrity. This is the most rewarding day of my career to now include all of our employees in the ownership of this amazing business we are building together every day,” said Bryan W. Adams, Co-Founder & CEO of Integrity. “With this groundbreaking plan, our most valued stakeholders–our employees–can now become partners in our tremendous success with this great company. I’m proud to welcome all of our employees as partners at Integrity.”

Integrity Marketing Group has experienced significant growth the past three years, increasing earnings more than 800 percent to extend its leadership position in the insurance industry.

“I am so excited to work for a company that not only tells you they care, but demonstrates that care in their actions by committing to our success,” said Kendall Spence, Executive Assistant at Integrity. “It’s a huge honor to be a part of the ownership plan and I know I am in the right place with the right team at Integrity Marketing Group.”

“This Employee Ownership Plan is a game-changer for Integrity Marketing Group and the absolute best investment the Company can make to drive future success,” said Tom Schueth and Mike Wingate, Co-Founders and Managing Partners of Integrity. “We are taking an already engaged and motivated group of employees and supercharging their performance with the pride that comes from ownership.”

“The spirit of abundance at every level of Integrity is incredibly unique and inspiring, and that’s further proven by the commitment the Partners have shown to include everyone in the ownership of the company,” said Steve Young, Chairman of Integrity. “Integrity is the fastest growing business I’ve been associated with and we are happy to reward Integrity’s employees—the people who build this business every day—by enabling them to share in our growth potential just like Integrity Partners. It’s the right thing to do and a transformative experience for the entire company.”

“I would like to thank our investors, Harvest Partners and HGGC, for their continued partnership and support in making this dream a reality for our entire Integrity family,” added Adams. Read More

Harvest Partners Completes Acquisition of Lazer Spot

NEW YORK, NY

Harvest Partners, LP (“Harvest”), announced today that funds managed by Harvest have completed the acquisition of Lazer Spot, Inc. (“Lazer Spot” or “the Company”) from Greenbriar Equity Group, LP (“Greenbriar”). Lazer Spot, headquartered in Alpharetta, Georgia, is the market leader in mission critical, outsourced yard management services in the United States and Canada. The Company’s management team, led by CEO Adam Newsome, will continue to lead Lazer Spot and remain significant owners of the business. Additional terms of the transaction were not disclosed.

Lazer Spot is the only national provider of spotting services (rapid and precise movement of empty and full trailers at its customers' distribution centers and manufacturing facilities) and shuttling (on-demand movement of empty or full trailers between customers' sites, distribution facilities, third party rail yards and shipping ports), offering a compelling value proposition at 400+ sites for more than 100 blue chip customers across the consumer packaged goods, food & beverage, pulp & paper, retail and other industrial sectors.

Adam Newsome said, “On behalf of the Lazer Spot management team, we are excited to partner with Harvest for the next chapter of our Company’s growth. Their focus and enthusiasm for building upon our position as the market leader are great fits for the management team’s vision for Lazer Spot.”

Michael DeFlorio, President of Harvest, said, “We are excited to partner with Adam and the entire Lazer Spot team. They have built a unique business with a clear path for long-term growth. We are looking forward to helping the team achieve their goal of continued organic growth while accelerating their acquisition strategy.”

James Mitchel, Principal at Harvest, added, “We are thrilled to invest alongside the Lazer Spot management team and support the next phase of growth with the Company’s blue chip customer base. Customers value Lazer Spot’s commitment to safety and reliability, and management has built a best-in-class service delivery model to achieve that.”

Lazer Spot is actively pursuing both tuck-in and transformative acquisitions of other spotting and shuttling businesses.

Harris Williams served as financial advisor and Kirkland & Ellis LLP served as legal advisor to Greenbriar and Lazer Spot. Ropes & Gray LLP served as legal advisor to Harvest Partners. As part of the transaction, Michael DeFlorio, Stephen Carlson and James Mitchel from Harvest Partners will join Adam Newsome on the Board of Directors of Lazer Spot.

About Lazer Spot

Lazer Spot is the market leader in critical outsourced yard management services including trailer spotting and shuttling. Founded in 1996 and headquartered in Alpharetta, GA, Lazer Spot is the only national provider of spotting services across the consumer packaged goods, food & beverage, pulp & paper, retail and other industrial sectors. More information about Lazer Spot is available at www.lazerspot.com.

Harvest Partners Announces Acquisition of Service Express

NEW YORK, NY

Harvest Partners, LP (“Harvest”), announced today that funds managed by Harvest have completed the acquisition of Service Express (the “Company”) from Pamlico Capital (“Pamlico”). Service Express, headquartered in Grand Rapids, Michigan, is a leading provider of post-warranty data center equipment maintenance services. The Company’s management team, led by CEO Ron Alvesteffer, will continue to lead Service Express, and remain significant owners of the business. Additional terms of the transaction were not disclosed.

Service Express provides third party, post-warranty data center maintenance services to more than 4,000 customers. Service Express has a strong value proposition as it provides services that maintain and extend the life of mission-critical data center equipment at quicker response times and a lower cost vs. post-warranty support offered by OEMs.

Of the transaction, Ron Alvesteffer said, “After a great partnership and successful run with Pamlico, we are excited to partner with Harvest as we move towards our next phase of growth and expansion. Harvest’s track record of aligning with the strategic growth plans of their management teams and the emphasis they put on people, culture and systems to support that growth really stood out to us. Service Express is poised to build on the momentum created with Pamlico and accelerate that into expanding our office footprint and market penetration as together we create more jobs and opportunities while continuing to provide best in class customer service to our valued customers. The resources and expertise that Harvest brings to our team will be key as we execute on our plan moving forward.”

“Ron and his team have done an incredible job creating a market leader in the data center TPM industry,” said Jay Wilkins, Chief Operating Officer of Harvest. “We look forward to providing additional financial and strategic resources to help them further build their market leadership.”

Stephen Carlson, Partner at Harvest, added, “We have evaluated every scale asset in the TPM space and Service Express is the fastest growing player in the industry.”

Stephen Fessler, Principal at Harvest, added, “Customers value Service Express’ customer-centric philosophy and commitment to service excellence, and we are thrilled to be partners with the Company through its next chapter of growth.”

Rothschild & Co and William Blair served as financial advisors and Alston & Bird LLP served as legal advisor to Pamlico and Service Express. Moelis & Company and Harris Williams acted as financial advisors to Harvest Partners. Harvest Partners’ legal advisor was Kirkland & Ellis LLP. Jay Wilkins, Stephen Carlson, and Stephen Fessler will join Ron Alvesteffer on the Board of Directors of Service Express.

About Service Express

Service Express is a leading third-party maintenance (TPM) provider of hardware support for data center infrastructure focused on mission-critical server, storage, and network equipment. In addition to post-warranty maintenance, Service Express offers hardware system solutions, sales and upgrades, OS support, IT asset recovery and data center relocation services. Founded in 1993, Service Express maintains multivendor data center equipment for mid-to-large organizations worldwide, including hospitals, universities, manufacturing facilities, financial institutions, government agencies and Fortune 500 companies. For more information about Service Express, visit www.serviceexpress.com.

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm that focuses on investments in middle-market companies in the business services & consumer, healthcare, industrial services and manufacturing & distribution sectors. This strategy leverages Harvest Partners’ 35+ years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Harvest Partners Announces Acquisition of Yellowstone Landscape

NEW YORK, NY

Harvest Partners, LP (“Harvest”), announced today that funds managed by Harvest have completed the acquisition of Yellowstone Landscape (“Yellowstone”) from CIVC Partners, LP (“CIVC”). Yellowstone, headquartered in Palm Coast, Florida, is the second largest commercial landscaping company in the United States. The Company’s management team, led by CEO Tim Portland, will continue to lead Yellowstone, and remain significant owners of the business. Additional terms of the transaction were not disclosed.

Yellowstone is a leading provider of commercial landscape services to over 5,000 customers throughout the Southern and Southwestern United States, including corporate campuses, resorts and hotels, homeowners’ associations, multi-family communities, schools, hospitals, and municipalities.

Of the transaction Tim Portland said, “On behalf of Yellowstone’s leadership team, we are excited to partner with Harvest and accelerate our growth. Their capital, experience and enthusiasm will help us continue our pursuit of excellence in commercial landscaping for our current and new customers across the country, deliver continued growth and success across each of our key priorities, and create ever increasing development opportunities for our outstanding team of landscape professionals.”

Michael DeFlorio, President of Harvest, said, “We are thrilled to partner with Tim and the entire Yellowstone team. They have built an excellent company and we look forward to providing additional financial and strategic resources to help them further build their market leadership.”

Stephen Carlson, Partner at Harvest, added, “We have been pursuing commercial landscaping services as a priority sector for several years and believe Yellowstone is a premier competitor in the industry. Customers value Yellowstone’s professionalism, commitment to service excellence, and scale, and we are excited to be partners with the Company through its next phase of growth.”

Harris Williams served as financial advisor and Kirkland & Ellis LLP served as legal advisor to CIVC and Yellowstone. Piper Jaffray and William Blair acted as financial advisors to Harvest Partners. Harvest Partners’ legal advisor was Ropes & Gray LLP. Moore & Van Allen PLLC advised Yellowstone management. Stephen Fessler from Harvest Partners will also join Tim Portland, Michael DeFlorio and Stephen Carlson on the Board of Directors of Yellowstone.

About Yellowstone Landscape

Yellowstone Landscape is a full service commercial landscaping company, delivering professional landscape services including Landscape Design, Landscape Installation, Landscape Maintenance, Irrigation Installation and Repair, and Tree Care Services. Headquartered in Palm Coast, Florida, Yellowstone Landscape currently serves more than 5,000 customers from its 40 branch facilities across the South and Southwest. More information about Yellowstone Landscape is available at www.yellowstonelandscape.com.

Harvest Partners Hires Dan Glickman as Partner

NEW YORK, NY

Harvest Partners, LP (“Harvest” or “the Firm”) announced today that Dan Glickman has joined the Firm as a Partner. Dan will lead Harvest’s capital markets effort, including supporting its portfolio companies, and he will work closely with Harvest’s investment teams on a range of future equity and debt investment opportunities.

Mr. Glickman joins Harvest from Antares Capital where he was a Founding Partner and Senior Managing Director. He served in various management and leadership roles across the organization including originations, investment screening, portfolio management and asset management. Earlier in his career, he worked in the leveraged lending group at Heller Financial and held accounting, audit and advisory roles with Peat Marwick. Mr. Glickman holds a B.S. in Accounting from DePaul University and is a registered CPA.

Thomas Arenz, Partner at Harvest, said, “We are very pleased to welcome Dan to Harvest. He brings nearly three decades of experience in the private equity leveraged lending market and has been well-known to many of us at the Firm for years. We are confident that Dan’s experience and leadership capabilities align well with our vision for the new capital markets role, and we look forward to the contributions Dan will make as member of our firm.”

Mr. Glickman commented, “Having been a part of building Antares Capital since its inception, I am excited to take on this new challenge. I have worked with the Harvest team for almost two decades and I am delighted to have joined the Firm.”

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm that focuses on investments in middle-market companies in the business services & consumer, healthcare, industrial services and manufacturing & distribution sectors. This strategy leverages Harvest Partners’ 35+ years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Integrity Marketing Group Welcomes Strategic Growth Investment

Harvest Partners Joins HGGC and Integrity Management to Accelerate Growth of Senior Market Leader

NEW YORK

Harvest Partners, LP (“Harvest Partners” “Harvest”), announced today that funds managed by Harvest Partners have completed a new investment in Integrity Marketing Group (“Integrity”), in partnership with existing investors, HGGC and management. Integrity, headquartered in Dallas, TX, is the nation's leading independent distributor of life and health insurance products focused on serving the Senior Market.

“We are very excited for Harvest Partners to join the Integrity family as we look to continue our pace of growth after three-straight years of organic and acquisitive expansion,” said Bryan W. Adams, Co-Founder and CEO of Integrity. “We believe Integrity has just begun to tap into its potential and adding an outstanding investor like Harvest Partners alongside HGGC will ensure we have the resources to help as many American seniors as possible through execution of our national partnership-based distribution strategy.”

“Bryan and Integrity’s management team have done an incredible job growing the business into the undisputed leader in the senior market,” said Jay Wilkins, Partner at Harvest. “We look forward to a strong partnership with management and HGGC as we collectively drive Integrity’s next phase of growth.”

More on Harvest Partners’ growth investment in Integrity can be viewed in the following video: www.integritymarketing.com/partnership

“The winning culture at Integrity is based on a partnership-first mentality that ensures all stakeholders are aligned,” added Steve Carlson, Partner at Harvest. “We’re proud to be part of their team and believe further investment in technology and talent will position the business to continue its impressive trajectory.”

“Over the past three years we have enjoyed a highly successful and collaborative partnership with Bryan and his team of partners, who have surpassed our expectations and show no signs of slowing down,” said Steve Young, President and Co-Founder of HGGC, who will continue to serve as Co-Chairman of the Board of Integrity.

“With Harvest Partners joining the existing group of management, Integrity partners and HGGC, we are confident that Integrity can replicate its success over the next three years and truly transform the industry,” added John Block, Partner at HGGC.

Goldman Sachs and Morgan Stanley served as financial advisors to Integrity and HGGC, while Evercore acted as financial advisor to Harvest Partners. Owl Rock Capital is acting as Administrative Agent and, together with Crescent Capital Group and Antares Capital, serve as Joint Lead Arrangers and Joint Bookrunners. Funds managed by Harvest Partners SCF provided additional financing.

About Integrity Marketing Group

Integrity Marketing Group (“Integrity”), headquartered in Dallas, TX, is the nation’s leading independent distributor of life and health insurance products focused on serving the Senior Market. Integrity develops and distributes life and health insurance products with insurance carrier partners and markets these products through its distribution network, which includes other large insurance agencies throughout the country and over 215,000 independent agents. Integrity’s 500 employees serve almost 4 million clients. In 2019, Integrity will help insurance carriers place over $2 billion in new premiums. For more information, visit www.integritymarketing.com.

In its Quest to Disrupt the Multifamily Industry, Valet Living Adds an Additional 30,000 Apartment Homes to its Quickly Growing Portfolio

TAMPA, FL

Valet Living, the only nationally recognized full-service amenities provider to the multifamily housing industry, acquires doorstep trash and recycling collection company, WasteRetriever.

Valet Living’s interest in WasteRetriever stems from many parallels between the two companies, including alignment on core values. Valet Living’s leadership standards include: being better tomorrow, developing its talent, driving growth and scalability and embracing servant leadership, the leadership philosophy in which the leader’s main goal is to serve. WasteRetriever also exemplifies these standards in the way it runs its company.

“When we are searching for strategic acquisitions, we greatly weigh how a company fits within Valet Living’s beliefs and values, because our people are most important to us,” said Shawn Handrahan, President and Chief Executive Officer of Valet Living. “We’ve looked at a lot of companies, and WasteRetriever stood out to us because of its commitment to quality, servant leadership and its dedication to sustainability.”

WasteRetriever currently services approximately 30,000 apartment homes in 9 states, all of which will move to the Valet Living portfolio. WasteRetriever has approximately 150 associates including its founder, John Lis, will transition to become Valet Living associates.

“We are proud that Valet Living chose to acquire WasteRetriever out of the many doorstep collection providers to the multifamily industry,” said WasteRetriever founder, John Lis. “Our goal has always been to provide quality service to our clients and residents, maintained by the highest level of client and resident support. We feel confident we will transition seamlessly into Valet Living.”

Valet Living believes that this acquisition will further enhance its national presence and increase strong synergies in its primary markets, given WasteRetriever’s presence in Arizona, Colorado, Florida, Georgia, Kentucky, Maryland, North Carolina, South Carolina and Texas.

In addition to doorstep trash and recycling amenity services, Valet Living residents can also request fitness classes, home cleans, pet visits, package deliveries and more through a single app, Valet Living Home. Valet Living recently announced the acquisition of Torch Fitness, bringing fitness classes to multifamily communities nationwide. Valet Living recently debuted the launch of Quick Turns: Make Ready & Porter Solutions by Valet Living, helping to further supplement on-site property management teams by streamlining the turnover process and maintenance of residential apartments in just five days.

To learn more about Valet Living, please visit www.ValetLiving.com

About Valet Living

Valet Living is the only nationally-recognized full-service amenities provider to the multifamily housing industry, performing more than 340 million events annually across 1.3 million apartment homes and 40 states. Through its Valet Living Home app-enabled resident amenity service offering and its doorstep waste & recycling collection, turns, maintenance and pet solutions, Valet Living is also the only company in the multifamily industry to combine doorstep waste and recycling collection with both sustainability-related and premium home-related services. Valet Living has been setting the standard for residential living since 1995 and is a portfolio company of the Private Equity Group of Ares Management, L.P. (NYSE: ARES) and Harvest Partners, LP.

Valet Living Acquires Torch Fitness, Bringing Fitness Classes to Multifamily Communities Nationwide

TAMPA, FL

In a groundbreaking deal, Valet Living, the nation’s leading provider of premium home-related amenity services for residential living, further enhances its commitment to wellness amenities by acquiring Torch Fitness.

“We are thrilled to continue accelerating the expansion of our fitness offerings within Valet Living Home as we continue to enhance and redefine the residential living experience in multifamily communities,” said Shawn Handrahan, President and Chief Executive Officer of Valet Living. “Through Valet Living Home, we’re curating a comprehensive experience that meets the modern demands of multifamily residents and setting the standard for how amenity services are delivered.”

Atlanta based Torch Fitness currently provides fitness, wellness and nutritional programs to more than 200 multifamily communities in 12 states, with a heavy concentration in Georgia, Florida, the Carolinas and Texas. The combination of the two companies will give residents in these communities access to over 400 certified fitness trainers and dietitians. Torch Fitness’ mission is to promote health and wellness through effective exercise and proper nutrition. Its team of 5- star rated certified fitness trainers and registered dietitians helps multifamily residents achieve their goals by modifying current activities and lifestyle, leading to results with long-term success.

“Valet Living’s commitment to delivering unrivaled wellness amenities through its Valet Living Home resident amenity solution is what initially drew us to the brand,” said Torch Fitness founder Ty McMath. “I specialize in the physical training component of the Torch offering, and my wife and co-owner Nicole McMath, who holds a masters degree in nutritional biochemistry, is dedicated to bringing science-based nutrition recommendations, education and individualized support to the Torch community and personal wellness programs.”

Powered by technology but delivered by the best people in the multifamily business, Valet Living brings standard-setting resident amenity services to over 1.3 million apartment homes nationwide, performing more than 340 million events annually. Offering a multitude of amenity services including in-home package delivery, on-demand home cleans and pet visits, laundry pick-up and drop-off, fitness classes, doorstep waste & recycling collection and more, Valet Living makes residents’ and community managers’ lives easier.

Ty and Nicole McMath will be joining the Valet Living family to continue bringing exceptional fitness amenities to multifamily communities nationwide and help build the highest quality wellness offering available to the multifamily industry.

To further signify its commitment to wellness, on Thursday June 27 Valet Living will host “The Key to Staying Fit at Your Community” with celebrity fitness guru Jillian Michaels, moderated by Valet Living. Together in candid conversation, Valet Living and Jillian will share more about opportunities to incorporate fitness within apartment communities for residents, the benefit to community managers, tips for staying fit in any space and actionable takeaways.

To learn more about Valet Living, please visit www.ValetLiving.com

About Valet Living

Valet Living is the only nationally-recognized full-service amenities provider to the multifamily housing industry, performing more than 340 million events annually across 1.3 million apartment homes and 40 states. Through its Valet Living Home app-enabled resident amenity service offering and its doorstep waste & recycling collection, turns, maintenance and pet solutions, Valet Living is also the only company in the multifamily industry to combine doorstep waste and recycling collection with both sustainability-related and premium home-related services. Valet Living has been setting the standard for residential living since 1995 and is a portfolio company of the Private Equity Group of Ares Management, L.P. (NYSE: ARES) and Harvest Partners, LP.

About Valet Living Home

Valet Living Home is powered by technology but delivered by the best people in the business. Your Valet Living residents request fitness classes, home cleans, pet visits, package deliveries and more through a single app. Amenities are performed by W2, insured and background checked associates through an on-site full-service desk completely customized for your community. The result is a resident amenity experience like no other, delivering more time for yourresidents to spend with family and friends and unparalleled resident satisfaction at your community!

OnPoint Group Unveiled as the New Brand for Material Handling Services

PERRYSBURG, OH

Material Handling Services, LLC (“MHS”) announced today a significantly revamped brand, OnPoint Group (“OnPoint”). OnPoint better communicates the organization’s leading strategic position for national facility maintenance as well as full-asset life cycle management and maintenance of doors, docks, material handling and warehouse accessories. This bundled set of solutions gives facility managers unprecedented access to customized, cost-effective solutions for procurement, installation and maintenance of mission-critical material handling and facilities equipment.

The expanded focus has unquestionably strengthened OnPoint’s market presence in recent years, with annual revenue tripling through both acquisitions and organic growth. In addition to its growing employee base of almost 2,000 employees, of which 600 serve as service technicians across the country. OnPoint also partners with over 20,000 affiliated service technicians throughout North America.

“Our customers are responsible for maintaining facility uptime at locations nationwide and need access to a single source to optimize the productivity and total cost of ownership across all of their mission-critical assets,” said Tom Cox, OnPoint Group CEO. “OnPoint is the only North American provider that is uniquely equipped with data-driven solutions and a network of expert service technicians to provide exceptional customer service that is proficient, safe and cost- effective.”

MHS will begin operating as OnPoint this month. The OnPoint brand better reflects the broad scope of the product and service offering, with a focus on providing customers with an exceptional level of customer service. As part of the brand launch, a new website (onpointgroup.com) has been created to showcase the revised brand and comprehensive array of services.

OnPoint Group utilizes focused operating divisions to more efficiently and cost-effectively reach customers with these comprehensive and customizable solutions:

  • TFS: Forklift equipment, financing, power, maintenance and data management
  • Miner: Doors, docks and safety equipment, facility accessories and material handling equipment
  • TrueSource: Nationwide maintenance and repairs for critical facility operations, powered by an extensive affiliate network
  • Concentric (currently ABT and NMS): Onsite equipment maintenance programs integrated with motive and reserve power solutions for facilities and equipment

TrueSource was announced this week as an integration of leading national service providers. TFS (formerly Total Fleet Solutions) and Miner, both established brands in their respective markets, will continue to focus their messaging and value propositions to better communicate their uniqueness in the market. ABT and NMS will be integrated and rebranded together as Concentric later this year.

With leading, skilled technicians nationwide and the proprietary technology of OnPoint Group, customers are provided an unparalleled experience:

  • Exceptional customer service for enterprise accounts and local branches with more than 600 technicians in over 80 locations across North America;
  • A comprehensive affiliate network, partnering with over 20,000 vendors in various critical facility maintenance trades, in addition to employed technicians;
  • The most skilled workforce to get the job done right the first time;
  • The industry’s most robust data set used to create customized asset roadmaps that maximize total cost of ownership; and
  • The stability of half a million assets under management and growing, through continued investment in people and technology innovation.

“Having access to a comprehensive, one-stop shop for material handling and facility needs will have a significant, positive impact on the facility managers who struggle every day with maintaining facility uptime, worker safety and total cost of asset ownership,” said Cox. “OnPoint Group gives customers an unprecedented level of confidence that we’re going to deliver these services with consistency and excellence, so they can stay focused on growing their businesses.”

OnPoint Group is a platform company of Harvest Partners, a leading private equity firm with more than 30 years in investing in middle-market companies.

About OnPoint Group

OnPoint Group is the leading North American provider of management and maintenance services for doors, docks, material handling and warehouse accessories through its industry leading divisions: TFS, Miner, TrueSource, and Concentric. Based in Perrysburg, OH, OnPoint Group has more than 600 technicians in over 80 locations to consistently deliver efficiency, safety and productivity to customers responsible for maintaining multifacility operations. Through an ongoing commitment to technological innovation, OnPoint Group continues to revolutionize the way facility managers optimize the total cost of ownership of mission-critical material handling and facilities equipment. For more information, visit www.onpointgroup.com.

Neighborly® Acquires Dream Doors

Deal with U.K.-based brand grows the company to 22 service brands, $2 billion in annual system-wide sales and nearly 3,700 franchisees.

WACO, TX

Neighborly® , the world’s largest franchisor of home service brands, has announced the acquisition of Dream Doors, a premium kitchen makeover and bedroom wardrobe franchisor based in the United Kingdom. The addition marks the first acquisition of 2019 and brings Neighborly to a total of 22 service brands, nearly 3,700 franchise owners and more than 850 associates across nine countries.

The deal includes 91 locally-owned and operated franchise showrooms of Dream Doors across the United Kingdom specializing in fully-fitted kitchen makeovers, replacement doors and countertops and the installation of new appliances. As a result, Neighborly now reaches a total of eight brands and four campuses based in Europe.

“Dream Doors has delivered on its promise of ‘new life for old kitchens and bedrooms’ for the past 20 years, making the brand a perfect complement to Neighborly Brands’ community of premium home services,” said Mike Bidwell, President and CEO of Neighborly. “This brand furthers our expertise for Neighborly in today’s home improvement industry and accelerates the franchise’s growth of in-demand home services throughout the UK.”

Based in Portsmouth in the south of England, Dream Doors was founded on providing kitchen makeovers and recently expanded to offer custom wardrobes in bedrooms. As a result of its proven business model and innovations, Dream Doors has received numerous franchise accolades and awards for excellent service and satisfaction over the years.

Founder and Chairman Troy Tappenden will be stepping down and departing from the company. The Dream Doors network will continue to be overseen by Managing Director Philip Carr who has been instrumental in implementing the brand’s long-term expansion strategy since 2017.

“By joining the world’s largest franchisor of home services, Dream Doors will gain new vendor relationships, a powerful peer group of other Neighborly service brands and more,” said Carr. “Supported by Neighborly’s expertise moving forward, I look forward to this new phase of growth for our brand.” For more information about Neighborly’s service brands visit www.neighborlybrands.com.

About Neighborly

Neighborly is a holding company of 22 service brands, focused on repairing, maintaining and enhancing consumers’ homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 15 service categories at www.getneighborly.com in the United States and www.getneighbourly.ca in Canada. The company was founded in 1981 as Dwyer Group and is based in Waco, Texas. More information about Neighborly/Neighbourly, and its franchise concepts, is available at https://www.neighborlybrands.com/.

Epiq Announces Executive Leadership Changes

ATLANTA and NEW YORK

Epiq, a global leader in the legal services industry, today announced David C. Dobson has joined the company as the new chief executive officer and John Davenport, Jr., current chief executive officer of Epiq, will move up to executive chairman of the board.

Davenport founded Epiq, then known as Document Technologies, in 1998 and grew the business from a handful of employees and clients to a billion dollar global organization.

“We have found a remarkable leader that embodies our core values and client-centric focus to assume leadership of Epiq,” said Davenport. “After a thorough search process, I’m looking forward to my new role as chairman and to working with David, who will continue to execute on our vision and strategy of being the premier global legal services partner to clients around the globe. I believe that he is the right person to lead Epiq into the future.”

“I am very excited and honored to be joining such an incredible team at this important time in our company’s history,” said Dobson. “I look forward to building on the momentum that John and this team have created. We have a tremendous opportunity to further extend our leadership position in delivering high value services to our clients around the world.”

Dobson previously served as the chief executive officer of Digital River, a global eCommerce platform and services company. Prior to Digital River, Dobson held senior leadership positions at IBM, Corel, Pitney Bowes and CA Technologies. Dobson has a degree in electrical engineering and management from McMaster University in Ontario, Canada.

About Epiq

Epiq, a global leader in the legal services industry, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.

Epiq Acquires Garretson Resolution Group

Expanding Mass Tort Solutions and Expertise

ATLANTA, GA

Epiq, a global leader in the legal services industry, today announced that it has acquired Garretson Resolution Group (GRG), a tech-enabled, expert services provider of mass tort, class action and other high volume legal dispute resolutions services to law firms and other parties.

“GRG is a foundational brand in mass torts, with a long record of expertise and problem-solving,” said Bob Hopen, president Epiq class action and corporate restructuring. “The expertise and market leadership in mass tort that GRG brings to Epiq is unmatched and we’re thrilled to be able to expand this solution and the bench of expertise offered to our clients.”

“When we considered the next chapter for GRG, we wanted to find a company that would invest in our people and the mass tort industry, and we’re pleased to find that partner in Epiq,” said Matt Garretson, GRG founder. “Their commitment to our clients and our talented employees is incredible and we are excited to become part of Epiq.”

“The future of GRG and that of our clients and employees has never looked brighter,” said Jeff Elliott, GRG president and chief executive officer. “We look forward to fully leveraging the scale and capacity of Epiq to deliver great things.”

The companies will continue to operate with both the Epiq and GRG brands in place for a brief time while integrating operations in early 2019.

Advisors for the transaction for Epiq included Bryan Cave Leighton Paisner LLP and Alvarez & Marsal.

About Epiq

Epiq, a global leader in the legal services industry, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.

About GRG

Garretson Resolution Group a tech-enabled, expert services provider of mass tort, class action and other high volume legal dispute resolutions services to law firms and other parties. Learn more at www.garretsongroup.com.

Veritex Bank Completes Acquisition of Green Bank and is Now One of the 10 Largest Banks Headquartered in Texas

Dallas, TX

DALLAS–(BUSINESS WIRE)–Veritex Holdings, Inc. (NASDAQ: VBTX), the holding company for Veritex Community Bank, completed its acquisition of Houston-based Green Bancorp, Inc., the holding company for Green Bank, on January 1st, 2019. This is Veritex’s seventh acquisition in its eight-year history, making it one of the ten largest banks headquartered in Texas. Veritex Bank now has 43 full-service branch locations in Texas, with a concentration in the DFW and Houston metroplexes.

Green Bancorp reported total assets of $4.4 billion, total deposits of $3.4 billion, and total equity capital of $490.2 million, as of the end of the third quarter of 2018. The combined company will have approximately $8 billion in assets.

“Our vision for Veritex Community Bank is to continue to build the highest quality community-focused business bank in Texas. The acquisition of Green aligns with our vision to acquire highly-profitable, quality Texas banks with talented management teams,” said Veritex Chairman and Chief Executive Officer C. Malcolm Holland. “This acquisition more than doubles our size in terms of employees, assets and branch locations, and enhances our value proposition to be the bank of choice for businesses in our markets.”

About Veritex Bank

Veritex Community Bank is a mid-sized community bank serving its customers with a full suite of banking products and services. Veritex bank has total assets of approximately $8 billion. Veritex bank specializes in providing depository and credit services to retail and small- to mid-size businesses. The name “Veritex” is derived from the Latin word “veritas,” meaning truth, and “Texas.” Veritex bank was founded in 2010 and now has 43 branches located in Dallas, Fort Worth, Austin, Honey Grove and Houston and one located in Louisville, KY.

Forward-Looking Statements

This press release includes “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on various facts and derived utilizing important assumptions, current expectations, estimates and projections and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include, without limitation, statements relating to the impact Veritex expects its acquisition of Green Bancorp to have on Veritex’s operations, financial condition, and financial results, and Veritex’s expectations about its ability to successfully integrate the combined businesses and the amount of cost savings and overall operational efficiencies Veritex expects to realize as a result of the acquisition. Forward-looking statements may also include statements about Veritex’s future financial performance, business and growth strategy, projected plans and objectives, as well as other projections based on macroeconomic and industry trends, which are inherently unreliable due to the multiple factors that impact economic trends, and any such variations may be material. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Further, certain factors that could affect future results and cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to, the possibility that the businesses of Veritex and Green will not be integrated successfully, that the cost savings and any synergies from the acquisition may not be fully realized or may take longer to realize than expected, disruption from the acquisition making it more difficult to maintain relationships with employees, customers or other parties with whom Veritex has (or Green had) business relationships, diversion of management time on integration-related issues, the reaction to the transaction of the companies’ customers, employees and counterparties and other factors, many of which are beyond the control of Veritex. We refer you to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Veritex’s Annual Report on Form 10-K for the year ended December 31, 2017 and any updates to those risk factors set forth in Veritex’s Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings, which have been filed with the SEC and are available on the SEC’s website at www.sec.gov. If one or more events related to these or other risks or uncertainties materialize, or if Veritex’s underlying assumptions prove to be incorrect, actual results may differ materially from what Veritex anticipates. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. Veritex does not undertake any obligation, and specifically declines any obligation, to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. All forward-looking statements, expressed or implied, included in this press release are expressly qualified in their entirety by the cautionary statements

Harvest Partners Announces Strategic Minority Investment by Goldman Sachs Asset Management

New York, NY

Harvest Partners, a leading middle-market private investment firm, today announced that Goldman Sachs Asset Management’s Petershill program has made a strategic minority investment in Harvest Partners.

The passive investment, which represents 15 percent of the firm, will allow Harvest Partners to expand the ownership of the firm and further develop its platform, building on the firm’s long history of investing in the middle-market in North America. As part of the transaction, Harvest Partners’ senior leadership has made long-term commitments to the business. Terms of the transaction were not disclosed.

Thomas Arenz, a Partner of Harvest Partners, said, “We are very pleased to be partnering with Goldman Sachs, a respected global institution that brings a broad range of capabilities and experience in supporting investment management firms. The investment by Petershill enables us to build on our 37-year history and execute our long term strategy to broaden our middle market franchise.”

Christian von Schimmelmann, co-head of Goldman Sachs Asset Management’s Petershill program, said, “Harvest Partners has been able to build a world-class private equity business, delivering strong returns to investors for almost four decades. We are excited to expand our relationship with Harvest Partners through this investment and look forward to providing the firm with strategic capital and support.” Evercore served as financial advisor to Harvest Partners and Kirkland & Ellis served as legal counsel.

About Harvest Partners

Founded in 1981, Harvest Partners (www.harvestpartners.com) is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial services, and manufacturing and distribution sectors. This strategy leverages Harvest Partners’ more than 37 years of experience in financing organic and acquisition-oriented growth companies.

About Goldman Sachs Asset Management

Goldman Sachs Asset Management (GSAM) is one of the world’s leading asset managers with over 2,000 professionals across 30 offices worldwide. Within GSAM, the Alternative Investments & Manager Selection (AIMS) Group, which manages over $200 billion in assets, provides investors with investment and advisory solutions across leading external private equity funds, hedge fund managers, real estate managers, public equity strategies and fixed income strategies. Institutional and individual investors access these opportunities in the form of new fund commitments, multi-manager programs, strategic partnerships, secondary-market investments, co-investments, and management company stakes through the Petershill program. With investments in over 20 asset management firms, the Petershill program provides strategic capital to mid- sized asset management firms and has raised over $5 billion of commitments since inception.

Dwyer Group Changes Corporate Name to Neighborly

The company’s rebranding will emphasize the Neighborly online platforms to help today’s consumers easily connect with service provider experts.
WACO, TX

Dwyer Franchising, LLC (“Dwyer Group”), one of the world’s largest parent companies of home service brands, has announced that it is changing its corporate name to Neighborly, effective immediately. The decision follows the rapid success of the consumer-facing Neighborly platform developed a little more than a year ago to unite all of its service franchise brands under one umbrella. The new trade name supports the community of home service experts’ approach for providing an easier way for people to connect with providers of all home service needs through one convenient outlet.

“Since launching Neighborly in 2017, our platform for home services has increased engagement with customers and made a powerful and positive impact across our service brands,” said Mike Bidwell, President and CEO of Neighborly.

Through one comprehensive consumer-facing website (getneighborly.com in the U.S. and getneighbourly.ca in Canada), Neighborly has simplified the process of connecting homeowners with service industry experts with incredible results. Within one year of launching Neighborly, multi-brand customer penetration has increased 39 percent and continues to rise.

“Now it’s time to bring that same Neighborly brand home to our corporate offices to amplify the collective synergies of our service brands internally as well,” Bidwell added. “Dwyer Group’s legacy includes the success of 21 service brands to-date, and this legacy shall now be showcased moving forward under the friendly consumer facing Neighborly name.”

The new trade name will be reflected at 10 corporate campuses across the U.S., U.K. and Germany, employing nearly 850 employees. With the transition, the corporate website at dwyergroup.com also has moved to NeighborlyBrands.com. Plans to implement the new name across the company’s service brand affiliates will continue throughout the remainder of the 2018.

About Neighborly

Neighborly is a holding company of 21 service brands, focused on repairing, maintaining and enhancing consumers’ homes and businesses. The company operates online platforms that connect consumers to service providers in their local communities that meet their rigorous standards as a franchisor across 14 service categories at getneighborly.com in the United States and getneighbourly.ca in Canada. The company was founded in 1981 as Dwyer Group and is based in Waco, Texas. More information about Neighborly/Neighbourly, and its franchise concepts, is available at www.neighborlybrands.com.

Epiq Makes Inc. 5000 Fastest-Growing Private Companies List

ATLANTA, GA

Epiq, a global leader in the legal services industry, today announced that Inc. Magazine listed Epiq as No. 1866 on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. This marks the 11th time Epiq has been recognized by Inc. Magazine on the Inc. 5000 list.

“When you choose Epiq, you choose a strategic partner committed to easing the burden and risks associated with complex legal challenges,” said John Davenport. “We’re proud of our year-over-year growth, but more importantly, we’re committed to delivering world-class service to our clients and to making them raving fans.”

The Inc. 5000 list is an in-depth look at the performance of America’s top privately held companies. The companies listed on the 2018 list each year achieved growth of more than 50 percent in the last three years. Altogether, the companies that made this year’s list amassed $206.2 billion in revenue in 2017. With a growth of 240% and a revenue of $1.0 billion in 2017, Epiq is proud to be included in this year’s list.

To learn more about Inc. 5000 click here.

About Epiq

Epiq, a global leader in the legal services industry, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.

Dwyer Group® Acquires Mosquito Joe®

Deal marks first acquisition since Dwyer Group was purchased by Harvest Partners and adds 288 territories

WACO, TX

Dwyer Franchising, LLC (“Dwyer Group”), one of the world’s largest parent companies of home service brands, has announced the acquisition of Mosquito Joe, the leading franchisor in the mosquito control services industry based in Virginia Beach, Va. This event marks the first acquisition for Dwyer Group since announcing Harvest Partners as its new private equity partner and launches the beginning of a new era of growth for Dwyer Group, now with nearly 3,300 franchisees and 825 associates across nine countries.

“Mosquito Joe’s rally cry is ‘Outside is fun again,’ and we think their service combined with their professionalism and high customer satisfaction marks are the perfect fit for Dwyer Group and our Neighborly offering,” said Mike Bidwell, President and CEO of Dwyer Group. “Mosquito Joe is a market leader in this space, and we look forward to continuing to support its growth.”

Mosquito Joe is a rapidly growing company in the mosquito control services industry, with 288 active territories across 34 states and the District of Columbia and expansion opportunities to the western United States, Canada and beyond. The Mosquito Joe brand is known for its reliability and exceptional service, making its addition to Dwyer Group’s Neighborly brands a seamless transition.

“We are delighted to join one of the most powerful organizations in the industry,” said Lou Schager, President of Mosquito Joe. “Our franchise network and customers will benefit from Dwyer Group’s vast expertise and extensive resources in the service trades, enabling us to further our expansion.”

For more information about Dwyer Group’s service brands visit www.dwyergroup.com.

About Dwyer Group®

Founded in 1981 and based in Waco, Texas, Dwyer Group is a holding company of 21 service brands and supports franchise organizations under the umbrella brand Neighborly in the United States and Neighbourly in Canada. Neighborly® is a community of experts who repair, maintain and enhance properties united under one platform to better meet the needs of today’s consumer. Collectively, these concepts offer customers a broad base of residential and commercial services. More information about Neighborly/Neighbourly, and its franchise concepts, is available at www.getneighborly.com and www.getneighbourly.ca, respectively. Learn more about Dwyer Group at www.dwyergroup.com.

About Mosquito Joe

Virginia Beach, Va.-based Mosquito Joe provides mosquito, tick and flea control treatment to residential and commercial customers nationwide. Technicians are trained mosquito control experts dedicated to getting rid of mosquitoes so people can enjoy being outside again. For more information or franchising opportunities, visit www.mosquitojoefranchise.com.

Veritex Holdings, Inc. Announces Merger with Green Bancorp, Inc., Creating a Premier Texas Community Banking Franchise

DALLAS, TX
HOUSTON, TX

Veritex Holdings, Inc. (NASDAQ:VBTX) (“Veritex”), the parent holding company for Veritex Community Bank, and Green Bancorp, Inc. (NASDAQ:GNBC) (“Green”), the parent holding company for Green Bank, N.A., jointly announced today the entry into a definitive agreement pursuant to which Green and Green Bank, N.A. will merge with and into Veritex and Veritex Community Bank, respectively.

The transaction will create a leading Texas community bank, with 43 branches across Texas, ranking as the tenth largest Texas-based banking institution by deposit market share. The combined franchise would have approximately $7.5 billion in assets, $5.6 billion in loans and $5.9 billion in deposits, based on the companies’ balance sheets as of June 30, 2018.

Veritex Chairman and Chief Executive Officer C. Malcolm Holland stated, “The merger with Green represents a tremendous financial and strategic opportunity for Veritex. In addition to producing significant accretion to EPS and improvements to virtually all of our key operating metrics, this merger results in a top 10 Texas-based community bank with virtually all of its franchise in the attractive MSAs of Dallas-Fort Worth and Houston. We are delighted to welcome Green’s stakeholders to Veritex, including a number of key members of Green leadership into executive positions in our combined franchise.”

Manny Mehos, Chairman and Chief Executive Officer of Green, said, “The merger of Green and Veritex creates a uniquely focused Dallas/Fort Worth and Houston franchise. We believe this is the best possible combination for our shareholders, colleagues, and clients. I am thrilled to join the Board of this combined organization and work with Malcolm, Terry, Geoff, and the rest of the management team.”

Under the terms of the merger agreement, upon completion of the merger, shareholders of Green will receive 0.79 shares of Veritex common stock for each share of Green common stock, valuing the transaction at approximately $1.0 billion, or $25.89 per Green share, based on the closing share price of Veritex of $32.77 on July 23, 2018. Legacy Veritex and Green shareholders will collectively own approximately 45% and 55% of the combined company, respectively.

Upon completion of the merger, C. Malcolm Holland, current Chairman and Chief Executive Officer of Veritex, will continue to serve as Chairman and Chief Executive Officer of the combined company. Terry Earley, current Chief Financial Officer of Green, will serve as Chief Financial Officer of the combined company, and Geoffrey Greenwade, current President of Green, will serve as the Houston President of the combined company. The board of directors of the combined company will consist of nine members, six from Veritex’s current board of directors and three from Green’s current board of directors.

Veritex expects this acquisition to be approximately 25% accretive to earnings per common share, excluding one-time charges. The transaction is expected to produce approximately 12.0% tangible book value per share dilution at closing with an earnback period of approximately 2.8 years.

The merger agreement has been unanimously approved by the board of directors of both Veritex and Green. The merger agreement contains customary representations and warranties and covenants by Veritex and Green. Closing is subject to customary approvals by regulatory authorities and the shareholders of both Veritex and Green, and is expected to occur in the first quarter of 2019.

Stephens Inc. served as financial advisor to Veritex and Keefe, Bruyette & Woods, A Stifel Company, provided a fairness opinion to Veritex. Covington & Burling LLP served as Veritex’s legal advisor. Goldman Sachs & Co. served as financial advisor to Green. Skadden, Arps, Slate, Meagher & Flom LLP served as Green’s legal advisor.

About Veritex Holdings, Inc.

Headquartered in Dallas, Texas, Veritex is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with locations throughout the Dallas-Fort Worth metroplex and in the Houston metropolitan area. Veritex Community Bank is a Texas state chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System. For more information, visit www.veritexbank.com.

About Green Bancorp, Inc.

Headquartered in Houston, Texas, Green is a bank holding company that operates Green Bank primarily in the Houston and Dallas metropolitan areas. Commercial-focused, Green Bank is a nationally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States.

Important Additional Information will be Filed with the SEC

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to the proposed acquisition by Veritex of Green. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful.

In connection with the proposed transaction, Veritex plans to file with the U.S. Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 containing a joint proxy statement of Veritex and Green and a prospectus of Veritex (the “Joint Proxy/Prospectus”), and each of Veritex and Green may file with the SEC other documents regarding the proposed transaction. The definitive Joint Proxy/Prospectus will be mailed to shareholders of Veritex and Green. SHAREHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY/PROSPECTUS REGARDING THE TRANSACTION CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AND ANY OTHER DOCUMENTS FILED WITH THE SEC BY VERITEX AND GREEN, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors will be able to obtain free copies of the Registration Statement and the Joint Proxy/Prospectus (when available) and other documents filed with the SEC by Veritex and Green through the website maintained by the SEC at www.sec.gov. Free copies of the Registration Statement and the Joint Proxy/Prospectus (when available) and other documents filed with the SEC can also be obtained by directing a request to Veritex Holdings, Inc., 8214 Westchester Drive, Suite 400, Dallas, Texas 75225, or by directing a request to Green Bancorp, Inc., 4000 Greenbriar Street, Houston, Texas 77098.

Participants in the Solicitation

Veritex, Green and their respective directors and certain of their executive officers and employees may be deemed to be participants in the solicitation of proxies from the shareholders of Green or Veritex in respect of the proposed transaction. Information regarding Veritex’s directors and executive officers is available in its proxy statement for its 2018 annual meeting of shareholders, which was filed with the SEC on April 3, 2018, and information regarding Green’s directors and executive officers is available in its proxy statement for its 2018 annual meeting of shareholders, which was filed with the SEC on April 13, 2018. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Joint Proxy/Prospectus and other relevant materials to be filed with the SEC when they become available. Free copies of this document may be obtained as described in the preceding paragraph.

Forward-looking Statements

This press release includes “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on various facts and derived utilizing important assumptions, current expectations, estimates and projections and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include, without limitation, statements relating to the impact Veritex expects its proposed acquisition of Green to have on the combined entity’s operations, financial condition, and financial results, and Veritex’s expectations about its ability to successfully integrate the combined businesses and the amount of cost savings and overall operational efficiencies Veritex expects to realize as a result of the proposed acquisition. The forward-looking statements also include statements about Veritex’s future financial performance, business and growth strategy, projected plans and objectives, as well as other projections based on macroeconomic and industry trends, which are inherently unreliable due to the multiple factors that impact economic trends, and any such variations may be material. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Further, certain factors that could affect future results and cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to, the possibility that the proposed acquisition does not close when expected or at all because required regulatory, shareholder or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all, the failure to close for any other reason, changes in Veritex’s share price before closing, that the businesses of Veritex and Green will not be integrated successfully, that the cost savings and any synergies from the proposed acquisition may not be fully realized or may take longer to realize than expected, disruption from the proposed acquisition making it more difficult to maintain relationships with employees, customers or other parties with whom Veritex or Green have business relationships, diversion of management time on merger-related issues, risks relating to the potential dilutive effect of shares of Veritex common stock to be issued in the transaction, the reaction to the transaction of the companies’ customers, employees and counterparties and other factors, many of which are beyond the control of Veritex and Green. We refer you to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Veritex’s Annual Report on Form 10-K for the year ended December 31, 2017, the Annual Report on Form 10-K filed by Green for the year ended December 31, 2017 and any updates to those risk factors set forth in Veritex’s and Green’s Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings, which have been filed with the SEC and are available on the SEC’s website at www.sec.gov. If one or more events related to these or other risks or uncertainties materialize, or if Veritex’s underlying assumptions prove to be incorrect, actual results may differ materially from what Veritex or Green anticipates. Accordingly, you should not place undue reliance on any such forward- looking statements. Any forward-looking statement speaks only as of the date on which it is made. Neither Veritex nor Green undertakes any obligation, and specifically declines any obligation, to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. All forward-looking statements, expressed or implied, included in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to herein.

Epiq to Acquire Majority Stake in Controle, LLC

ATLANTA, GA
CHICAGO, IL

Epiq, a global leader in the legal services industry, today announced that it acquired a majority interest in Controle, LLC, a leader in information governance services and solutions.

The acquisition allows Epiq to further enhance the comprehensive suite of solutions it delivers to clients through a talented team of information governance and GDPR experts.

“The acquisition of Controle enhances our existing expertise and technology around information governance and GDPR,” said Mike Rogalski, president of eDiscovery, Epiq. “It will increase our ability to deliver services designed to help clients take control of and manage their electronic data through the use of experts, proprietary software and unique workflows.”

“We are thrilled to be joining the Epiq family and to extend our products and services to their client base,” said Kevin Barnicle, chief executive officer of Controle. “The global presence, vision, and operations at Epiq present an exciting opportunity for our existing clients and team at Controle.”

As a result of the transaction, eDiscovery clients of both organizations will have immediate access to the deeper and broadened range of best-in-class legal technology solutions Epiq and Controle provide globally. The acquisition also provides the ability to scale investment in Controle services and technology.

About Epiq

Epiq, a global leader in the legal services industry, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.

VetCor Closes Recapitalization

New York, NY

VetCor Group Holdings Corp. (“VetCor” or “the Company”) completed a recapitalization led by Oak Hill Capital Partners (“Oak Hill”), Harvest Partners, LP (“Harvest”), Cressey & Company, LP (“Cressey”), and the VetCor management team. Terms of the transaction were not disclosed.

VetCor is one of the largest operators of veterinary hospitals in the U.S., managing 272 locations across 28 states and employing approximately 900 veterinarians. VetCor hospitals provide a full range of general medical and surgical services for pets, as well as pharmacy needs and ancillary services such as boarding, grooming, and pet products. The management team of VetCor, led by CEO Dan Adams, will continue to lead the Company.

“We are incredibly excited to grow our business with our new partner, Oak Hill, and continue our partnership with Cressey and Harvest, both of whom have been valuable strategic and financial partners,” said CEO Dan Adams. “We will continue to expand our footprint and develop a thriving ecosystem for our veterinarians and clients to best serve our communities.”

“We are excited to reinvest in VetCor and continue to support Dan Adams, Peter DeFeo, and the rest of the VetCor team in its next phase of growth. VetCor is well-positioned to continue its consolidation strategy in a fragmented and growing market,“ said Jay Wilkins, Partner at Harvest. “VetCor has established itself as a leading platform in the veterinary services space. We look forward to partnering with Oak Hill and continuing our partnership with management as VetCor builds upon its long history of organic and acquisition-related growth,” added Merrick Axel, Partner at Cressey.

Jefferies LLC acted as exclusive financial advisor to VetCor. Jefferies LLC and Golub Capital underwrote and arranged first and second lien financing in connection with the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Oak Hill. White & Case LLP served as legal counsel to Harvest Partners. Ropes & Gray LLP served as legal counsel to Cressey. Ira Kleinman, Stephen Carlson, James Mitchel and Joshua Carter from Harvest Partners also worked on the transaction.

About VetCor

VetCor, founded in 1997 and headquartered in Hingham, MA, owns and operates a national family of 272 veterinary hospitals employing over 4,700 veterinarians and supporting staff. VetCor hospitals provide a full range of general medical and surgical services for pets, as well as pharmacy needs and ancillary services such as boarding, grooming, and pet products. The Company has distinguished itself by promoting the local identity of each hospital, offering a family friendly work environment, providing management, training and administrative support to its hospitals, and relying on the veterinarians of each hospital to manage their medical direction. For more information, please visit www.vetcor.com.

About Oak Hill Capital Partners

Oak Hill is a private equity firm managing funds with more than $12 billion of initial capital commitments and co-investments since inception. Over the past 30 years, Oak Hill and its predecessors have invested in over 85 significant private equity transactions across broad segments of the U.S. and global economies. Oak Hill applies an industry-focused, theme-based approach to investing in the following sectors: Consumer, Retail & Distribution; Industrials; Media & Communications; and Services. For more information, please visit www.oakhillcapital.com.

About Harvest Partners

Founded in 1981, Harvest Partners, LP is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial and energy services, and manufacturing and industrial sectors. For more information, please visit www.harvestpartners.com.

About Cressey & Company

Based in Chicago, IL and Nashville, TN, Cressey & Company is a private investment firm focused on building leading healthcare services and information technology businesses. With a history spanning more than 35 years, the Cressey & Company team is one of the most experienced and successful in the healthcare private equity field. For more information, please visit www.cresseyco.com.

Valet Living Acquires Invisible Waste Services to Further Solidify its Nationwide Presence

TAMPA, FL

As of June 22, 2018, Valet Living, pioneer of the doorstep collection amenity, acquired Invisible Waste Services (IWS). Servicing more than one million apartment homes across 38 states, and as the nation’s leading provider, Valet Living has expanded to deliver on its vision as the only nationally-recognized full-service amenities provider to the multifamily industry, enhancing life for both residents and property managers.

In addition to doorstep collection and recycling services, Valet Living also sets the standard for turn services, maintenance support, and pet solutions and recently announced Valet Living Home, a mobile application platform for residential amenities.

IWS, the nation’s second largest doorstep trash provider, is excited to join the Valet Living portfolio and enable all of its associates to join the Valet Living team as well.

“IWS is a service based company, and we believe it can reach its full potential by aligning with Valet Living, a company that specializes and excels in that space,” said CEO and President of Cascade Engineering, IWS’s parent company, Mark Miller.

As innovators in the multifamily industry, IWS and Valet Living will now work together under the Valet Living umbrella and operate as one.

“This acquisition will elevate our presence nationally and further solidfy our place as the nationwide leader in the multifamily industry,” said CEO and President of Valet Living, Shawn Handrahan. “IWS has been an innovator in our industry since 2001, offering services such as pressure washing and being among the first to introduce the bench container and bag catcher. IWS takes pride in its associates just as we do at Valet Living, and we look forward to bringing IWS’s associates on board and growing our team to become better tomorrow than we are today.”

About Valet Living:

As a Tampa Bay Times Top Workplace, Valet Living has been setting the standard for doorstep collection and recycling since 1995. Servicing over a million apartment homes across 38 states, Valet Living has grown to become not just the only national provider of doorstep collection and recycling services, but also the only nationally-recognized full service amenities provider to the multifamily industry. In addition to doorstep collection, Valet Living’s turns, maintenance and pet station solutions make life easier for both property managers and residents, while improving property values. With the launch of its resident-facing amenity services app, Valet Living Home, Valet Living is now the only company in the multifamily industry to combine doorstep collection with both sustainability-related and premium home-related services. Valet Living is a portfolio company of the Private Equity Group of Ares Management, L.P. (NYSE: ARES) and Harvest Partners, LP. For more information, please visit www.valetliving.com.

The Future of Resident Amenities is Here with Valet Living Home

Valet Living Home is the only amenity services app developed specifically for apartment residents by multifamily amenity experts.

TAMPA, FL

Last week, in front of over 10,000 attendees at the National Apartment Association’s Apartmentalize Conference and Exposition, Valet Living debuted its latest venture, Valet Living Home. The much-anticipated undertaking set the multifamily community abuzz with interest from property managers nationwide.

The Valet Living Home mobile app is one of a kind, as it is the only app developed exclusively for the multifamily industry to give apartment residents access to the services they want, making their lives easier in the process. Residents at Valet Living Home communities can order home cleans, have their pets cared for, save money on local deals and more through a single app, giving residents more time to spend with family and friends instead of worrying about daunting household chores.

“Valet Living has been servicing the multifamily community since 1995,” said CEO and President, Shawn Handrahan. “Over the past 23 years we have built wonderful partnerships with the communities that we service, and as a company, we have been looking for ways to help these communities even more. The idea for Valet Living Home did not start in our corporate office. We listened to what property managers and residents have been asking us, and that is how we cultivated Valet Living Home.”

The Valet Living Home mobile app is one of a kind, as it is the only app developed exclusively for the multifamily industry to give apartment residents access to the services they want, making their lives easier in the process. Residents at Valet Living Home communities can order home cleans, have their pets cared for, save money on local deals and more through a single app, giving residents more time to spend with family and friends instead of worrying about daunting household chores. Valet Living Home also provides a concierge offering with customizable services that include dry cleaning, wash and fold laundry, in home package delivery and on-demand trash pickup.

“To download the app and order the service was simple,” says resident Donald Welmer. “You click a button on the app, and then you come home, and everything is done, it’s perfect. Valet Living just makes it easy!”

Years of research and development went into creating the Valet Living Home mobile app. In order to gauge the voice of the resident, Valet Living surveyed thousands of multifamily residents to understand the desires and expectations in an amenity services provider. The information that Valet Living gathered ultimately fueled the development of the Valet Living Home app as you see it today.

“Valet Living Home has made my life super easy,” exclaims another resident, Marcus Warren. “My packages are there on time; my apartment is clean when I come home. I’m happy – it felt like I was coming back to a hotel room!”

The goal of Valet Living Home is in line with Valet Living’s core mission, setting the standard for residential living to make lives easier for both property managers and residents, while improving property values.

“Industry experts credit tech-enabled amenities with driving new leases and resident retention,” said Chief Marketing Officer, Patti Girardi. “Data shows 83% of new residents are downloading the app (three times the industry average) with 64% of registered users placing an order (twice the industry average).”

Valet Living Home is active in ten markets within the United States and will be announcing additional markets in the coming months.

“We have received tremendous interest in the few short days since we have launched this app,” said Regional Vice President of Valet Living Home, Matt Graves. “The data that we have gathered from our first communities shows that Valet Living Home increases not only resident retention but also increases resident satisfaction.”

To contact Valet Living for more information about Valet Living Home, please visit www.valetliving.com/contact/valet-living-home-request.

About Valet Living:

As a Tampa Bay Times Top Workplace, Valet Living has been setting the standard for doorstep collection and recycling since 1995. Servicing over a million apartment homes across 38 states, Valet Living has grown to become not just the only national provider of doorstep collection and recycling services, but also the only nationally-recognized full service amenities provider to the multifamily industry. In addition to doorstep collection, Valet Living’s turns, maintenance and pet station solutions make life easier for both property managers and residents, while improving property values. With the launch of its resident-facing amenity services app, Valet Living Home, Valet Living is now the only company in the multifamily industry to combine doorstep collection with both sustainability-related and premium home-related services. Valet Living is a portfolio company of the Private Equity Group of Ares Management, L.P. (NYSE: ARES) and Harvest Partners, LP.

Epiq Acquires Garden City Group

Historic Combination of the Industry’s Two Leading Legal Services Providers Expands Leadership in Class Action, Mass Tort, Data Breach and Corporate Restructuring

ATLANTA, GA

Epiq, a global leader in the legal services industry, today announced that it has acquired Garden City Group (GCG) from Crawford & Company® (www.crawfordandcompany.com) (NYSE:CRD-A) (NYSE:CRD-B), the world’s largest publicly-listed independent provider of claims management solutions to insurance companies and self-insured entities. GCG provides legal administration services for class action, bankruptcy, mass tort, regulatory matters, and legal notice programs.

“The addition of GCG to our leading class action, mass tort, data breach, and restructuring business represents an unprecedented combination of expertise, knowledge, and resources that has never before been leveraged on such a massive scale in our industry,” said John Davenport, Jr., chief executive officer of Epiq. “Joining forces with GCG demonstrates our commitment to this industry and to creating unmatched settlement and bankruptcy solutions for our clients.”

“This is an important strategic transaction for Crawford that allows us to further concentrate our attention and resources on high-growth business segments where we have established leadership positions,” said Harsha V. Agadi, president and CEO of Crawford & Company. “Just as importantly, we have found a great home for our legal administrative services business and the dedicated GCG employees to continue to excel and succeed.”

Combined operations include two state-of-the-art print, mail, and contact center locations in Beaverton, Oregon and Dublin, Ohio as well as call centers in Phoenix and Tampa, Florida.

As a result of the transaction, GCG will rebrand as Epiq in the fourth quarter of 2018.

Advisors for the transaction included Alvarez & Marsal, Bryan Cave Leighton Paisner LLP, and Davies Ward Phillips & Vineberg LLP.

About Crawford

Based in Atlanta, Crawford & Company (NYSE:CRD‐A) (NYSE:CRD‐B) is the world’s largest publicly listed independent provider of claims management solutions to insurance companies and self‐insured entities with an expansive global network serving clients in more than 70 countries. The Company’s two classes of stock are substantially identical, except with respect to voting rights and the Company’s ability to pay greater cash dividends on the non-voting Class A Common Stock (CRD-A) than on the voting Class B Common Stock (CRD-B), subject to certain limitations. In addition, with respect to mergers or similar transactions, holders of CRD-A must receive the same type and amount of consideration as holders of CRD-B, unless different consideration is approved by the holders of 75 percent of CRD-A, voting as a class. More information is available at www.crawfordandcompany.com.

About Epiq

Epiq, a global leader in the legal services industry, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.

Harvest Partners Announces the Acquisition of Dwyer Group

NEW YORK, NY

Harvest Partners, LP (“Harvest Partners”), announced today that funds managed by Harvest have completed a new investment in Dwyer Group (“The Company”). Dwyer Group, headquartered in Waco, TX, is the market leader in the service franchise category focused on offering residential and commercial customers with a community of professional services. The Company’s management team, led by President and CEO Mike Bidwell, will continue to lead Dwyer Group. Additional terms of the transaction were not disclosed.

Dwyer Group supports 20 service brands with a franchise network including more than 3,200 franchisees operating in the United States and eight other countries.

Of the transaction Mike Bidwell said, “On behalf of Dwyer Group’s Board of Directors and leadership team, we expect to accelerate our growth and deliver on our strategies at an even-higher level by joining Harvest Partners. Their capital, experience and enthusiasm will help Dwyer Group build on our dominant industry position to repair, maintain and enhance homes and properties and expand our Neighborly platform.”

Steve Eisenstein, Partner at Harvest, said “We are thrilled to partner with Dwyer Group’s management team. They have built an excellent company and we look forward to providing additional financial and strategic resources to help them further build their market leadership in the service franchise category.”

Nick Romano, Partner at Harvest, added, “Dwyer Group is an exceptional franchise platform with multiple avenues for growth through the Neighborly brand and strategic acquisitions of new service brands. Harvest is excited to work with Mike and his management team in the next stage of their growth.”

The sale represents the fourth and largest private equity transaction for Dwyer Group.

Harris Williams and William Blair acted as financial advisors to Dwyer Group and Jefferies and Moelis & Company acted as financial advisors to Harvest Partners. Harvest Partners legal advisor was White & Case LLP. Steve Eisenstein, Nick Romano, and David Schwartz from Harvest Partners will join Mike Bidwell and Dina Dwyer-Owens on the Board of Directors of Dwyer Group.

About Dwyer Group:

Founded in 1981 and based in Waco, Texas, Dwyer Group is a holding company of 20 service brands, which support franchise organizations under the umbrella brand Neighborly in the United States and Neighbourly in Canada. Neighborly® is a community of experts who repair, maintain and enhance properties united under one platform to better meet the needs of today’s consumer. Collectively, these concepts offer customers a broad base of residential and commercial services. More information about Neighborly/Neighbourly, and its franchise concepts, is available at www.getneighborly.com and www.getneighbourly.ca, respectively. Learn more about Dwyer Group at www.dwyergroup.com.

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm that pursues management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services, consumer, healthcare services, and industrial sectors. This strategy leverages Harvest Partners’ 35+ years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Epiq Acquires Soliton Systems’ E-Discovery Business, Japanese Character Processing

The acquisition provides a direct answer to the East Asian language barrier problems many U.S.-based e-discovery providers face.

For the past several years, Asia has represented one of the largest growing markets for e-discovery services. The increase in demand, though, has led to some issues with e-discovery software providers, both in translating East Asian languages for e-discovery tools, as well as complying with local discovery and data protection regulations.

Legal services company Epiq, one of the largest e-discovery companies in the industry, is tackling this issue through a method that is becoming increasingly common: M&A. On June 1, Epiq announced its acquisition of Tokyo-based Soliton Systems’ e-discovery business, formerly known as Ji2. Financial details for the transaction have not been announced.

Soliton Systems is primarily known for its IT security, video communication, and eco-device businesses. In e-discovery, however, it is known for its patented, proprietary technology that optimizes Japanese character set processing. This provides a direct answer to the language barrier problems many U.S.-based e-discovery providers face, and the capability will likely be integrated into Epiq’s systems in due time.

In addition, Epiq will be bringing on board Soliton’s e-discovery experts within Japan, growing a stable of international e-discovery managers that has only grown since the company formerly known as Epiq Systems was purchased by fellow e-discovery company DTI in 2016.

“The acquisition of Soliton’s e-discovery business enhances our existing presence and expertise in Japan,” said Caroline Woodman, Epiq managing director, Asia, in a press release. “It will increase our flexibility to service both local Japanese companies as well as multinational companies doing business in Japan. Ji2 was a highly recognized name in Japanese e-discovery, and we look forward to bringing their expertise in-house.”

2018 has been a banner year for e-discovery M&A thus far. Among the deals in recent months are Catalyst’s acquisition of TotalDiscovery, CloudNine’s acquisition of the LexisNexis E-Discovery Suite, and the merger of Consilio and Advanced Discovery.

Green Bancorp, Inc. Announces Pricing of Secondary Public Offering of Common Stock

HOUSTON, TX

Green Bancorp, Inc. (NASDAQ:GNBC) (the “Company”), announced today the pricing of a public offering by certain of the Company's shareholders (the “Selling Shareholders”) of 2,000,000 shares of its common stock, at a public offering price of $22.80 per share. The offering consists entirely of secondary shares to be sold by the Selling Shareholders. The Company will not receive any of the proceeds from the shares sold in the offering. In connection with the offering, the Selling Shareholders have granted the underwriter a 30-day option to purchase up to 300,000 additional shares of the Company's common stock at the public offering price per share, less underwriting discounts. The offering is expected to close on May 29, 2018, subject to customary closing conditions.

Barclays is acting as sole underwriter for the offering.

The offering is being made pursuant to the Company's effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC"). The offering is being made only by means of a prospectus and a related prospectus supplement. Prospective investors should read the prospectus supplement and the prospectus in that registration statement and other documents the Company has filed or will file with the SEC for more complete information about the Company and the offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus and prospectus supplement may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email: Barclaysprospectus@broadridge.com, telephone: (888) 603-5847.

This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Green Bancorp, Inc.

Headquartered in Houston, Texas, Green Bancorp is a bank holding company that operates Green Bank in the Houston and Dallas metropolitan areas and Austin, Louisville and Honey Grove. Commercial-focused, Green Bank is a nationally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States.

Forward-Looking Statements

Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the offering. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond our control. The Company can give no assurance that its expectations will be attained. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release.

For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” in the prospectus supplement and the prospectus related to the offering and in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as well as the sections entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” incorporated by reference in the prospectus supplement related to the offering from the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

Harvest Partners Announces Hiring of Doug Campbell

New York, NY

Harvest Partners, LP (“Harvest” or “the Firm”) is pleased to announce that Doug Campbell has joined the Firm as a Partner, Operations. He will focus on partnering with management teams to accelerate value creation initiatives and drive performance in our portfolio companies.

He joins from Oaktree Capital Management where he worked in the Special Situations Fund, as a Managing Director. Earlier in his career, Doug served in various senior management roles, including as a CEO and COO, and was a Principal with the Boston Consulting Group, where he focused on business turnaround and transformation across several industries. Doug holds a B.S. in Economics from the U.S. Naval Academy and an M.B.A. from the Wharton School of the University of Pennsylvania.

Of Doug’s joining, Jay Wilkins, Partner at Harvest, said, “We spent significant time searching for someone with the right depth of operating experience and are very excited to have Doug join the team. In today’s ever challenging environment, Doug’s background and skills are critical for driving success at our portfolio companies. We look forward to his contributions and believe he will be a valuable addition to our Firm.”

About Harvest Partners

Founded in 1981, Harvest Partners (www.harvestpartners.com) is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial services, and manufacturing and distribution sectors. This strategy leverages Harvest Partners’ more than 35 years of experience in financing organic and acquisition-oriented growth companies.

Harvest Partners Completes Sale of FCX Performance

New York, NY

Harvest Partners, LP (“Harvest”), a New York-based private equity firm, announced today it has completed the previously announced sale of FCX Performance (FCX) to Applied Industrial Technologies (NYSE: AIT). FCX is a leading distributor of mission-critical products and value- added services to end users, OEMs and contractors across the industrial process, oil and gas, power, life sciences, municipal and commercial markets.

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the industrial services, manufacturing and distribution, business services and consumer, and healthcare services sectors. This strategy leverages Harvest Partners’ more than 35 years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Epiq Systems and DTI Rebrand as Epiq

ATLANTA, GA

Epiq, a global leader in the legal services industry, is pleased to announce that after a successful merger with DTI, the combined organization has officially moved forward under the name Epiq.

“Our deep bench of resources and expertise, combined with our ability to navigate and support complex global matters delivers an unparalleled partner experience to our clients,” said John Davenport, Jr., chief executive officer. “When you choose Epiq, you choose a strategic partner committed to easing your burden and helping you achieve success.”

The Epiq platform extends to 14 countries, including more than 80 office locations, more than 5,000 employees and a dozen data centers across the globe serving our clients. Epiq helps law firms, corporations, financial institutions, and government agencies manage the complex, large-scale data and logistics of eDiscovery, bankruptcy, class actions, regulatory compliance and other critical management tasks.

Epiq, founded in Kansas City in 1988 began as a bankruptcy services company while DTI, founded in Atlanta in 1998, got its start as a copying and printing services company. Both companies found success through organic growth and by strategic acquisitions. Epiq expanded into the Chapter 11 bankruptcy business and class action business before ultimately adding eDiscovery to its portfolio of solutions. DTI expanded its solutions to onsite law firm operations, then eDiscovery and court reporting. Epiq is now headquartered in Atlanta.

About Epiq

Epiq, a global leader in the legal services industry, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.

Harvest Partners, LP Reaches Definitive Agreement to Sell FCX Performance

NEW YORK, NY

Harvest Partners, LP (“Harvest”), a New York-based private equity firm, announced today that it has reached a definitive agreement to sell FCX Performance, Inc. (“FCX Performance”, “FCX” or the “Company”) to Applied Industrial Technologies (NYSE: AIT) (“Applied Industrial Technologies” or “AIT”), a leading value-added industrial distributor of bearings, power transmission products, fluid power components and other industrial supplies. The sale is expected to close within 30 days. After the closing, Tom Cox, FCX’s Chief Executive Officer, and the rest of the management team will continue to lead the business and the Company will remain headquartered in Columbus, Ohio.

FCX Performance is a leading distributor of mission-critical products and value-added services to end users, OEMs and contractors across the industrial process, oil and gas, power, life sciences, municipal and commercial markets. The Company is known for its technical application expertise and offers customers a full range of valves and automation, pumps and seals, process instruments, steam and piping products, and related equipment, all backed by a full complement of life-cycle services.

Tracing its origins to 1984, FCX has grown to 68 locations serving 43 states with more than 1,000 team members, including over 300 service and repair technicians. Since the Company’s acquisition by Harvest in 2012, FCX has completed 13 strategic acquisitions to expand its product and service capabilities as well as broaden the Company’s geographic footprint.

Tom Cox said: “Harvest was instrumental in our growth over the years as we have expanded to become the leading technical flow control platform, and we are extremely excited for our team members, customers and suppliers to partner with AIT to build upon our combined success.”

Michael DeFlorio, Partner of Harvest Partners, said: “It has been a pleasure working with Tom and his team to nearly triple revenue and significantly expand capabilities to best serve FCX customers.” Stephen Carlson, Partner of Harvest Partners, added: “AIT is combining market leaders in fluid power and flow control and we are excited to track the future progress of the combined organization.”

Robert W. Baird & Co. and Stephens Inc. acted as financial advisors and White & Case LLP acted as legal advisor to FCX. James Mitchel of Harvest Partners also worked on the transaction.

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the industrial services, manufacturing and distribution, business services and consumer, and healthcare services sectors. This strategy leverages Harvest Partners’ more than 35 years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Harvest Partners Names New Partners

NEW YORK, NY

Harvest Partners, LP (“Harvest” or “the Firm”) is pleased to announce it has named five new partners effective January 8, 2018. The new partners were formerly Managing Directors and include Stephen Carlson, Paige Daly, Uzair Dossani, Nick Romano and Marc Unger.

Mr. Carlson joined Harvest in 2010 and has focused on investments in the business services and industrial distribution sectors. He serves on the boards of FCX Performance Inc., Material Handling Services LLC, and VetCor. He previously served on the boards of DTI, Packers Holdings and TruckPro.

Ms. Daly joined Harvest in 2010 and has focused on investments in the healthcare services industry. She serves on the boards of Advanced Dermatology and Cosmetic Surgery, Dental Care Alliance and EyeCare Services Partners. She previously served on the boards of Athletico and Cycle Gear.

Mr. Dossani joined Harvest in 2016 and has focused on investments in the industrial services, chemicals, packaging, transportation and logistics, and distribution industries. He serves on the board of TruckPro.

Mr. Romano joined Harvest in 2015 and has focused on investments in the manufacturing and consumer sectors. He serves on the board of APC Automotive Technologies.

Mr. Unger joined Harvest in 2015 and is the firm’s Chief Financial Officer. Before coming to Harvest he was CFO at CCMP.

Of the new appointments, Thomas Arenz, partner of Harvest, said, “We are pleased to recognize these five professionals and welcome them as our partners. Their contributions span the entirety of our investment program and we have confidence in their ability to continue to play meaningful roles in the growth of Harvest Partners.”

About Harvest Partners

Founded in 1981, Harvest Partners (www.harvestpartners.com) is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial services, and manufacturing and distribution sectors. This strategy leverages Harvest Partners’ more than 35 years of experience in financing organic and acquisition-oriented growth companies.

Harvest Partners Announces Hiring of Campbell MacColl

NEW YORK, NY

Harvest Partners, LP (“Harvest” or “the Firm”) is pleased to announce that Campbell MacColl has joined the Firm as a partner to focus on business development and investor relations. He joins from Credit Suisse where he worked for 10 years in the Private Fund Group, most recently as a Managing Director. Earlier in his career, Campbell worked at SG Cowen and later Cowen & Company and is a graduate of Princeton University with a Bachelor of Arts in History.

Of Campbell’s joining, Thomas Arenz, partner of Harvest, said, “We have known and worked with Campbell for over a decade and are very excited to have him join the team. Campbell brings both a depth of experience and a highly relevant network, and we are confident that his knowledge of the Firm will provide for a seamless transition to Harvest. We look forward to his contributions and believe he will be a valuable addition to our business development and investor relations efforts.”

About Harvest Partners

Founded in 1981, Harvest Partners (www.harvestpartners.com) is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial services, and manufacturing and distribution sectors. This strategy leverages Harvest Partners’ more than 35 years of experience in financing organic and acquisition-oriented growth companies.

FCX Performance Announces Acquisitions in Houston and Charlotte

COLOMBUS, OH

FCX Performance, a specialty flow control distributor serving OEMs, EPCs and end-users across the industrial process, energy and high purity industries, announced today that it has acquired Eads Distribution, based in Houston, TX and The Massey Company, headquartered in Charlotte, NC. Eads Distribution is one of the foremost flow control distributors of instrumentation and valves in the U.S., while The Massey Company brings years of specialty flow control experience and expertise to the FCX Performance portfolio.

FCX Performance is No. 30 on Industrial Distribution’s Big 50 List.

The acquisitions maintain FCX Performance management’s continued push to provide additional value, synergies and better efficiencies to their customers and suppliers. The benefits include a wider range of product solutions, additional industrial proficiency and sharing of strategic partnerships for products and services.

Eads Distribution and The Massey Company will maintain their identities in their respective marketplaces, with Eads Distribution operating as a standalone division of FCX and The Massey Company operating as a branch of Eads Distribution.”

“We’re proud to welcome Eads Distribution and The Massey Company to the FCX family. These acquisitions further reinforce our already strong presence in Texas, Florida, and the Carolinas and adds significant geographical expansion in Tennessee, Georgia, Oklahoma, Arkansas, Mississippi, Alabama, and Louisiana” said Tom Cox, CEO of FCX. “FCX is known for our extensive product offering backed by our technical expertise, and these acquisitions strengthen those qualities.”

Together, these acquisitions are the largest undertaken by FCX Performance to date, and expand FCX’s footprint to 67 offices nationally, staffed by more than 1,000 experienced team members.

About FCX Performance

Based in Columbus, Ohio, FCX Performance, Inc., is a leading distributor of mission-critical products and value-added services to end users, OEMs and contractors across the industrial process, oil and gas, power, life sciences, municipal and commercial markets. FCX is renowned for its technical application expertise, offering its customers a full range of valve automation, pumps and seals, process instruments, steam and piping specialties, and related equipment, all backed by a full complement of life-cycle services.

Since 1999 FCX has completed more than 20 strategic acquisitions, growing to 67 locations serving 43 states, and more than 1,000 team members, including more than 300 services and repair technicians. For more information, please visit www.fcxperformance.com.

Harvest Partners Completes Sale of BHI Energy

NEW YORK, NY

Harvest Partners, LP (“Harvest”), a New York-based private equity firm, announced today it has completed the sale of BHI Energy, Inc. (“BHI Energy” or the “Company”) to AE Industrial Partners, a Florida-based private equity firm. Terms of the transaction were not disclosed.

For over 35 years, BHI Energy has provided critical on-site services necessary to support the daily operations, routine maintenance and capital investment requirements for the power generation, oil & gas and electricity transmission & distribution end markets. The Company’s broad service offering enables it to be an embedded provider of choice to a diverse customer base comprised of blue-chip energy companies. The Company’s service offering includes highly specialized maintenance services, full-service radiation protection services and staffing solutions.

Mike DeFlorio, Senior Managing Director of Harvest Partners, said: “We enjoyed working closely with Bob Decensi and the BHI Energy executive team to build a market leading provider of specialty services in the utility and energy sectors. We look forward to watching the Company continue to flourish as it enters a new phase of development in partnership with AE Industrial Partners.”

Bob Decensi, CEO of BHI Energy, said: “Harvest has been an exceptionally supportive partner, delivering valuable financial and operational guidance that leaves us well-positioned as we move into our next phase of growth.”

About BHI Energy

With more than 35 years of experience, BHI Energy provides a variety of on-site specialty maintenance and staffing services to the power-generation industry. BHI has built longstanding relationships with customers through aligning operating objectives and helping them effectively manage and service their assets. For more information, please visit www.bhienergy.com

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial services, and manufacturing and distribution sectors. This strategy leverages Harvest Partners’ 35 years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Valet Living Acquires ChoreMate to Continue to Set the Standard in Residential Living

TAMPA, FL

Valet Living, pioneer of the doorstep collection amenity and innovator in turn services, maintenance support and pet solutions, announces the recent acquisition of Atlanta-based multifamily solution, ChoreMate. ChoreMate offers a range of amenity services for multifamily communities ranging from doorstep collection to trouble-free dry cleaning. United by a common business culture, the two companies will now operate as one, under the Valet Living umbrella. The strategic acquisition further increases Valet Living's presence in the south-east market and extends its mission to enhance property value by setting the standard in residential services.

"The combination of ChoreMate with Valet Living will provide ChoreMate's clients with all of the benefits that Valet Living clients are accustomed to," said President and CEO of Valet Living, Shawn Handrahan. "In addition, we love ChoreMate as a company and think it has the same great business model we have, and shares the same values that Valet Living strives to set for the industry." "We are excited about joining forces with Valet Living," said founders of ChoreMate, Bruce and Samantha Bryan. "The ChoreMate team has always envisioned offering our clients an even wider range of services and support paired with innovative technology. Teaming up with Valet Living, the industry leader, will allow us to do just that. Together, we are now able to provide this extensive support to each of our clients and at the same time continue to offer the high level of client care that ChoreMate has always put first."

Both companies will continue to operate normally while implementing a strategic plan for ChoreMate's clients and residents to have a seamless transition. As Valet Living continues to announce a number of additional resident-facing services, it will continue its commitment to provide unparalleled services for both property managers and residents.

About Valet Living:

As a Tampa Bay Times Top Workplace, Valet Living has been setting the standard for doorstep collection and recycling since 1995. Approaching one million apartment homes serviced across more than 35 states, Valet Living has grown to become not just the only national provider of doorstep collection and recycling services, but also the only nationally-recognized full service amenities provider to the multifamily industry. In addition to doorstep collection, Valet Living's turns, maintenance and pet station solutions make life easier for both property managers and residents, while improving property values. Valet Living is a portfolio company of the Private Equity Group of Ares Management, L.P. (NYSE: ARES) and Harvest Partners, LP.

Contact:

Nikita Bhappu
(813)331-0680
Nikita.Bhappu@valetliving.com

Columbus-based Industrial Distributor is Making Its Mark Among Global Manufacturers

COLOMBUS, OH

The future looks bright to Tom Cox, CEO of FCX Performance. Bright, as in $12 billion domestic growth potential within the diverse commercial manufacturing industries his process flow control company serves.

“We’re focused on continuing to add value for our customers and to grow our business, so we have a long runway for growth,” Cox says. FCX ranks among the world’s 50 largest industrial distributors, in terms of sales, by trade publication Industrial Distribution.

A diversified client base has kept FCX from experiencing the market downturns that otherwise would lead to layoffs or facility closures. For example, FCX was insulated from the hit the oil and gas industry has taken over the last few years.

“I am so proud to tell you that we did not lay off one single person in the oil and gas downturn,” Cox says. “We actually were able to hire, in 2016, 10 more salespeople and 25 more service technicians, and it’s because we’re so well-diversified. That’s the way we’re going to continue to build the business.”

As the company grows, that means more high-skilled FCX jobs in Columbus. Founded as Simco Controls in 1984 by Ohio State University alumnus and FCX board member Charles “Charlie” Simon, FCX benefits from maintaining its headquarters in the Columbus region.

“It’s a great place to be able to recruit all types of talent, from technical sales people to service technicians to executives. People want to relocate here,” Cox says. Nearly 10 percent of the company’s national workforce is based in Columbus.

Some of the city’s biggest organizations are FCX clients, including Abbott Laboratories, OSU, the city of Columbus and Anheuser-Busch InBev. FCX customers produce everything “from paper goods to soda pop, medication, the gas we put in our cars, water to our houses and offices, even the power that we use to charge all our devices,” Cox says.

To produce the goods we use every day, manufacturers have to control the flow of liquids, gases and steam in their production plants, Cox explains. “That’s where we come in.”

A longstanding acquisition/growth strategy positioned FCX as a one-stop shop for industries’ flow-control needs. FCX has acquired 20 companies in its 30-plus years, four of which have occurred since Cox became CEO in 2015.

“We look for companies that, by becoming part of FCX, will allow us to create more value for our customers so that we can grow more, so that one-plus-one is going to equal four,” Cox says. FCX wants companies it acquires to maintain their unique identities: their names, their employees, their service niches.

“I want them to maintain and build whatever their secret sauce was that allowed them to grow,” he says. “We don’t want to FCX-ize them.”

With so many industrial components in their offerings, FCX must keep its workforce trained on a vast range of products and technologies and their applications. FCX University, an in-house training program for FCX employees and clients, launched in 2010.

Technical expertise is just one element of what makes FCX a leader in its industry. Central Ohio’s logistical infrastructure allows FCX to maintain a strong client base among Midwestern manufacturers and municipal operations, though the company operates 45 facilities in 38 states.

One of FCX’s strengths is the ability to provide same-day shipping—even same-day delivery—of critical process control parts to manufacturers in need. Inventory distribution centers across the US means FCX clients can make repairs and get their production operations back online quickly after a valve or instrumentation malfunction.

Cox received an email from one such client over the summer, which he reads aloud to illustrate the impact FCX’s service capabilities have on its clients’ operations. “Thank you for all you did Saturday on finding the actuator, positioner and bracket, and getting it to us on the same day,” wrote the customer, whom Cox would not identify because of confidentiality concerns. “It saved us about a half-million dollars in product.”

Cox is proud to lead FCX’s technicians, salespeople and all the employees at the heart of the company. “I watch our folks; they crawl around in the most remote, dirtiest, sometimes most dangerous areas of a customer’s plant.

“I’m proud of what we’ve built, but I’m even more excited about what the future has for us in Columbus and across the country,” he says.
About FCX Performance

Based in Columbus, Ohio, FCX Performance, Inc., is a leading distributor of mission-critical products and value-added services to end users, OEMs and contractors across the industrial process, oil and gas, power, life sciences, municipal and commercial markets. FCX is renowned for its technical application expertise, offering its customers a full range of valve automation, pumps and seals, process instruments, steam and piping specialties, and related equipment, all backed by a full complement of life-cycle services.

Since 1999 FCX has completed more than 20 strategic acquisitions, growing to 67 locations serving 43 states, and more than 1,000 team members, including more than 300 services and repair technicians. For more information, please visit www.fcxperformance.com.

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FCX Performance Announces the Acquisition of Encova, Inc.

The move marks the fifth acquisition in less than a year for the specialty flow control distributor

COLUMBUS, OH

FCX Performance, a leading specialty flow control distributor serving OEMs, EPCs and end-users across the industrial process, energy and high purity industries, announced today that it has completed the acquisition of Encova, Inc. The Cary, North Carolina firm is a licensed professional engineering company that provides specialized project start-up and commissioning services for customers in the life sciences industry.

“FCX has demonstrated a strong commitment to our customers by building our service capabilities both organically and by acquisition,” said Tom Cox, CEO of FCX.  “Adding Encova’s expertise to our PCI division’s service offerings sets us further apart from our competition. This acquisition allows us to provide our clients with the trusted single source provider they are looking for from start-up of their equipment on new projects, to maintaining optimal plant performance, and meeting regulatory guidelines now and into the future.”

With the addition of Encova, Inc. FCX expands its footprint to 45 offices nationally, all staffed with highly technical experts equipped to deliver unique value to a diverse set of end markets.

“Encova’s reputation and commitment to its customers make them an excellent fit with the FCX platform,” added Cox. “We are looking forward to working with Encova to expand our expertise and elevate the Encova solutions.”

About FCX Performance

Based in Columbus, Ohio, FCX Performance, Inc., is a leading distributor of mission-critical products and value-added services to end users, OEMs and contractors across the industrial process, oil and gas, power, life sciences, municipal and commercial markets. FCX is renowned for its technical application expertise, offering its customers a full range of valve automation, pumps and seals, process instruments, steam and piping specialties, and related equipment, all backed by a full complement of life-cycle services.

Since 1999 FCX has completed more than 20 strategic acquisitions, growing to 45 locations serving 37 states, and more than 800 team members, including more than 300 services and repair technicians. For more information, please visit www.fcxperformance.com.

Founder and CEO of Miner© Parent Company Accepts Entrepreneur Award

PERRYSBURG, OH

Brent Parent, Founder and CEO of Miner’s parent company, Material Handling Services, was nominated for the Ernst & Young Entrepreneur Of The Year Michigan and Northwest Ohio Region earlier this year. On June 21, 2017, he attended the region’s awards gala where he was named as a winner.

This is a huge honor for both Brent and the organization as a whole. “This award is not just about me, it reflects on every member of the organization. I’m incredibly thankful to have the support of so many talented, hard-working people” says Parent upon receiving the award. Brent’s acceptance speech focused on the importance of leadership and he challenged fellow entrepreneurs in the audience to double down on their leadership capabilities. “If you want to be twice as good, twice as big, save twice as many lives or grow revenue by twice as much, you are going to have to be twice as good of a leader.”

Entrepreneur Of The Year US Award winners have founded and built some of the world’s most enduring companies. Since 1986, the Ernst and Young Entrepreneur of the Year award program has been celebrating entrepreneurship and has since expanded to 140 cities in over 50 countries.

Valet Waste Announces National Rebrand and is now Valet Living

TAMPA, FL

Valet Waste, creator and pioneer of the doorstep collection and recycling amenity for multifamily communities since 1995, is now Valet Living. As it approaches one million apartment homes serviced across more than 35 states, Valet Living will continue to set the standard for residential living by challenging traditional practices and thinking outside the apartment box. With this rebrand, Valet Living will be expanding well-beyond doorstep collection to deliver on its vision as the only nationally-recognized full-service amenities provider to the multifamily industry, enhancing life for both residents and property managers. Valet Living will be the only company in the multifamily industry to combine doorstep collection with both sustainability-related and premium home-related services.

“What excites me the most about rebranding and rebuilding to Valet Living is creating a delightful resident experience that is currently not offered by any amenity provider in the United States,” said Valet Living President and Chief Executive Officer, Shawn Handrahan. “We want to truly transform and create an industry where we can differentiate a resident by property type and want all residents to want to be Valet Living residents.”

“This rebrand is more than just a name change for Valet Living,” said Chief Marketing Officer, Patti Girardi. “Valet Waste’s pioneering edge and proven execution established the brand as the tried and tested resource that supports communities and improves property values through its doorstep collection service. Valet Living will build on that trust to set the standard for residential living. As it adds both resident-facing amenities and value-added services for its property management partners, Valet Living will continue to evolve processes, redefine language and set benchmarks that are universally recognized and used across the multifamily housing industry.”

The immediate services that Valet Living offers include:

Valet Living Doorstep – Valet Living Doorstep is the standard-setting doorstep collection amenity that adds value and convenience to every multifamily community. Valet Living gets the job done better than anyone in the business, allowing property owners to contribute to their bottom lines while adding an invaluable, time-saving amenity for residents and on-site staff. Plus, Valet Living is the only partner to guarantee an on-site event that educates residents with respect to how to make the most of the amenity – so property management teams don’t have to.

Valet Living Turns – With Valet Living Turns, property managers can rest assured that apartment homes will be pristinely restored and ready for incoming residents – without the stress of managing and coordinating everything on their own. Drawing from our expansive network of premium contractors, our turn service is always quick and consistent, offering dependable support in every season. And with our dedicated team handling every aspect of the job, on-site teams can stay focused on the pressing daily demands of property management so time and resources are spent where they have the greatest impact: improving resident satisfaction and retention.

Valet Living Maintenance – Valet Living Maintenance is the helping hand that allows properties to prioritize unexpected resident needs and maintain day-to-day upkeep. We provide additional porter hours for property managers and maintenance teams so they can follow through on requests and uphold the same quality of service and high standards they are proud to deliver.

Valet Living Pet – Valet Living Pet is the partner for setting the standard in community-building. Our quality products and amenities are tailored to resident needs and those of their loved ones, ultimately contributing to higher resident satisfaction rates and cleaner common areas.

Valet Living pioneered and perfected the doorstep collection amenity, and now it is setting the standard in turn services, maintenance support and pet solutions. “We are the only amenity that touches 100% of the residents,” said Handrahan. “As we continue to announce a number of additional resident-facing services, we will continue our commitment to provide unparalleled services for both property managers and residents.”

About Valet Living:

As a Tampa Bay Times Top Workplace, Valet Living has been setting the standard for doorstep collection and recycling since 1995. Approaching one million apartment homes serviced across more than 35 states, Valet Living has grown to become not just the only national provider of doorstep collection and recycling services, but also the only nationally-recognized full service amenities provider to the multifamily industry. In addition to doorstep collection, Valet Living’s turns, maintenance and pet station solutions make life easier for both property managers and residents, while improving property values. Valet Living is a portfolio company of the Private Equity Group of Ares Management, L.P. (NYSE: ARES) and Harvest Partners, LP.

Contact:

Nikita Bhappu
(813)331-0680
Nikita.Bhappu@valetliving.com

Varsity Healthcare Partners and Harvest Partners Announce Recapitalization of EyeCare Services Partners

NEW YORK

Harvest Partners, LP (“Harvest”), a New York-based private equity firm, and Varsity Healthcare Partners (“VHP”), a healthcare-focused private equity firm, announced today that they have completed a recapitalization of EyeCare Services Partners Holdings LLC (“ESP” or “The Company”). Harvest has acquired Varsity’s majority ownership interest in the Company. The company’s management team, led by CEO Michael Fricke and other doctor shareholders, will continue to lead ESP, and will retain a significant stake in the Company. Additional terms of the transaction were not disclosed.

Based in Dallas, Texas, ESP is the nation’s largest vertically integrated ophthalmologic services company. ESP’s affiliated ophthalmologists and optometrists serve communities in California, Colorado, Delaware, Illinois, and Maryland. Since its founding in May 2014, ESP has affiliated with over 20 practices.

Mr. Fricke said, “ESP has had an outstanding partnership with the Varsity team, resulting in tremendous growth in our managerial organization and clinical footprint. I am excited now to work with Harvest as we look to attract the best physicians and continue to expand our network.”

David Alpern, Partner at Varsity, commented, “Varsity has had a strong working relationship with ESP’s executive and clinical leadership over the past three years, beginning with the initial recapitalization of the Katzen Eye Group and having scaled now to 46 practice locations and seven ambulatory surgery centers across five states. We are deeply grateful to ESP’s management and clinical partners, who are truly responsible for the success of this investment.”

“Given the Company’s success, Michael Fricke and Varsity could have elected to partner with many private equity firms,” said Jay Wilkins, Senior Managing Director at Harvest Partners. “We are both delighted and honored that they chose Harvest for ESP’s next chapter of growth. With seven previous multi-site acquisitions in four years, Harvest is quite experienced in platform growth strategy, and we look forward to a long and fruitful partnership with Michael and his team to support the Company’s consolidation goals.”

Paige Daly, Managing Director at Harvest Partners, added, “ESP is exactly what we look for in a partner company. It is an undisputed leader in a burgeoning business model where there are few sizeable players. There is a clear path for growth as an aging population will require more and better services in eye and vision care.”

This sale represents the second exit for Varsity Healthcare Partners I, VHP’s initial 2014 investment vehicle.

About EyeCare Services Partners Holdings LLC

Headquartered in Dallas, EyeCare Services Partners (www.espmgmt.com) provides comprehensive practice management services to over 100 ophthalmologists and optometrists in its 46 clinics and seven ambulatory surgery centers across five states. Through a community-based, vertically-integrated eyecare model, the company’s affiliated physicians offer ophthalmic clinical and surgical services in addition to optometric services. By leveraging our comprehensive array of best-in-class technology, processes and managerial infrastructure, we seek to achieve outstanding patient-centric care and quality outcomes.

About Varsity Healthcare Partners

Varsity Healthcare Partners (VHP), founded by David Alpern and Kenton Rosenberry, is a healthcare-focused private equity firm. VHP seeks to partner with founders / entrepreneurs of lower middle-market healthcare companies and dedicate substantial time and resources to accelerate growth and value creation. VHP has been very successful employing and executing a consistent value creation playbook, in partnership with entrepreneurs, which emphasizes a significant investment in infrastructure followed by an aggressive organic and acquisition growth strategy. VHP draws upon its extensive industry experience and relationships and hands-on partnership approach to assist in professionalizing each platform and driving growth. For more information please visit: www.varsityhealthcarepartners.com.

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm that pursues management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services, consumer, healthcare services, and industrial sectors. This strategy leverages Harvest Partners’ 35+ years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Contacts:

Varsity Healthcare Partners
Prosek Partners
Mickey Mandelbaum
Maya Pogoda
(310)785-0810
mmandelbaum@prosek.com
mpogoda@prosek.com

Harvest Partners
Jay Wilkins
(212)599-6300
Senior Managing Director

Owen Blicksilver Public Relations, Inc.
Caroline Luz
(203)656-2829
caroline@blicksilverpr.com

Harvest Partners and Audax Private Equity Combine AP Emissions Technologies and Centric Parts, Creating APC Automotive Technologies, a Leading Automotive Aftermarket Undercar Parts Platform

NEW YORK & BOSTON

Harvest Partners, LP (“Harvest”) and Audax Private Equity (“Audax”) today completed the combination of AP Emissions Technologies (“AP”) and Centric Parts (“Centric”) to form APC Automotive Technologies (“APC” or the “Company”). As part of the transaction, Harvest completed a new equity investment into the combined business, and Audax retained a significant ownership stake in APC. Both firms have extensive experience in the automotive aftermarket and will provide their joint resources to support APC. Terms of the transaction were not disclosed.

APC offers a comprehensive product portfolio including full line exhaust, friction and brakes, and chassis to traditional warehouse distributors, feeders, retailers, performance, and specialty channels. Both businesses will continue to offer their industry leading product depth, customer service, and support. Hugh Charvat will lead the combined business as Chief Executive Officer; Dan Lelchuk, who co-founded Centric Parts in 2000, will remain President of Centric Parts.

“We expect our platform to continue to grow through leveraging the combined strengths of both businesses and through future acquisitions in the undercar aftermarket to provide a comprehensive offering to our customers. I am looking forward to working with Dan and the rest of the talented Centric team to continue delivering exceptional service to our customers and accelerating our growth,” said Charvat.

“This is a transformational event for our customers, employees, and suppliers as APC will provide one of the broadest undercar offerings in the market. This combination will help accelerate our growth by providing a true one-stop- shop experience for our customers,” added Lelchuk.

“We have been privileged to work with both the AP and Centric teams in developing leading aftermarket platforms. Together with Harvest, we look forward to expanding APC through leveraging the strengths of AP and Centric and continuing to acquire leading brands in the undercar aftermarket.” said Young Lee, Managing Director at Audax.

Michael DeFlorio, Senior Managing Director at Harvest, added, "AP and Centric are leaders in their industry, with longstanding track records of supplying high-quality parts to their customers. We are excited to partner with Audax and the management team and look forward to supporting APC in its next phase of growth.”

Jefferies LLC advised AP, and Lazard Middle Market LLC and Angle Advisors advised Centric. Kirkland & Ellis, LLP provided legal counsel to AP and Centric. White & Case, LLP served as legal counsel to Harvest. Financing for the transaction was provided by Jefferies, Goldman Sachs, and Crescent Capital Group. Terms of the agreement were not disclosed.

About APC Automotive Technologies

APC Automotive Technologies is a leading supplier of automotive, light truck and heavy duty replacement parts offering emissions products under the AP®, ANSA®, Cherry Bomb®, TruckEx®, Xlerator®, and Silverline® brands, and brake and chassis components under the Centric®, C- Tek®, Posi Quiet®, Fleet Performance, and StopTech® brands. With an unparalleled level of research and development in North America and an exceptional depth and breadth of products across makes and models, APC leads the industry in emission, brake, and, chassis technology innovation, brand reputation, cataloging, and part availability. For more information, please visit www.APCAutoTech.com.

About Audax Private Equity

Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested $4 billion in 104 platform and 566 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax Group has over $11 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website, www.audaxgroup.com.

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm that pursues management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services, consumer, healthcare services, and industrial sectors. This strategy leverages Harvest Partners’ 35+ years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Contact:

Audax Private Equity
Young Lee
617-859-1500

Joe Rogers
617-859-1547

Harvest Partners
Michael DeFlorio
212-599-6300

Nick Romano
212-599-6300

Harvest Partners and Investcorp recap PRO Unlimited

Harvest Partners and Investcorp have recapitalized PRO Unlimited, a provider of software and managed services to large companies. No financial terms were disclosed. BofA Merrill Lynch and SunTrust Robinson Humphrey served as financial advisers to PRO Unlimited on the transaction while William Blair did likewise for Harvest Partners.

NEW YORK, NY

Harvest Partners, a leading middle-market private equity firm, and Investcorp, a global provider and manager of alternative investment products, today announced the recapitalization of PRO Unlimited (“the Company”). As part of the transaction, Investcorp will re-invest in the Company, taking a minority stake in the new capital structure. Financial terms of the transaction were not disclosed.

PRO Unlimited is one of the fastest growing providers of software and managed services to large enterprises enabling its clients to more effectively manage their contingent workforce. Since its founding in 1991, all of PRO Unlimited’s growth has been organic. A pioneer in purely vendor-neutral contingent workforce management, PRO Unlimited services are vastly enhanced by its industry leading vendor management software services.

Andrew Schultz, Founder and Chief Executive Officer of PRO Unlimited said, “We are excited to work closely with Harvest Partners as this new partnership will allow us to continue executing against our growth trajectory. Investcorp has been a valuable strategic and financial partner, providing us with the platform to expand our software and solutions globally, and we are pleased that they will remain involved as we enter this new phase of the business.”

“We acquired PRO Unlimited because we knew the Company had significant growth potential given the strong secular tailwinds and its leading market position,” stated Maud Brown, Managing Director of Corporate Investment North America at Investcorp. “We worked closely with the Company’s committed management team to grow the business, focusing on new enterprise client wins and key investments in technology, marketing and sales. We continue to have conviction in the long-term market trends and look forward to building upon our relationship with PRO Unlimited and partnering with Harvest to capture additional opportunities.”

Andrew Schoenthal, Senior Managing Director at Harvest Partners said, “We are excited to partner with the PRO Unlimited team to provide additional financial and strategic resources to continue to build on a long track record of successful growth. PRO Unlimited’s vendor-neutral MSP and VMS software provide the most compelling solution to large corporations seeking to more effectively and economically manage their contingent workforce.” Ira Kleinman, Senior Managing Director at Harvest Partners added, “PRO Unlimited fits perfectly with our investment philosophy of backing first class management teams managing first class companies who provide proven, value-added outsourced services to corporations. Harvest Partners looks forward to deploying our industry expertise, financial resources, and extensive network to elevate PRO Unlimited as the Company continues to gain market share.”

The transaction is expected to close in May 2017 subject to customary corporate approvals.

BofA Merrill Lynch and SunTrust Robinson Humphrey acted as financial advisors to PRO Unlimited, and William Blair acted as financial advisor to Harvest Partners. Investcorp’s legal advisor was Gibson Dunn & Crutcher, and Harvest Partners’ legal advisor was White & Case. Ira Kleinman, Andrew Schoenthal, and David Schwartz from Harvest Partners will join David Tayeh, Maud Brown and Warren Knapp on the Board of Directors of PRO Unlimited.

About PRO Unlimited

PRO Unlimited, through its purely vendor-neutral Managed Services Program (MSP) and Vendor Management Software (VMS) solutions, helps organizations address the costs, risks, and quality issues associated with managing a contingent workforce. A pioneer and innovator in the VMS and MSP space, PRO offers solutions for e-procurement and management of contingent labor, 1099/co-employment risk management, and third-party payroll for client-sourced contract talent.

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm that pursues management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services, consumer, healthcare services, and industrial sectors. This strategy leverages Harvest Partners’ 35+ years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

About Investcorp

Investcorp is a leading provider and manager of alternative investment products and is publicly traded on the Bahrain Bourse (INVCORP). Investcorp focuses on generating investor and shareholder value through a disciplined investment approach in four lines of business: corporate investment, real estate, alternative investment solutions (formerly known as hedge funds), together with the recently added credit management business. Investcorp employs approximately 390 people across its offices in New York, London, Bahrain, Saudi Arabia, Abu Dhabi and Singapore.

DTI Makes Strategic Investment in Valora Technologies

Investment makes Valora’s pioneering AutoClassification and information governance technology available to DTI and Epiq clients

ATLANTA, GA and BEDFORD, MA

DTI, a global legal process outsourcing (LPO) company providing eDiscovery, management services, litigation support, and court reporting, announced that it has completed a strategic, minority investment in Valora Technologies, Inc. Valora is a leading innovator in AutoClassification, predictive analytics and document data mining technologies for information governance, eDiscovery, and records management. The investment underscores the commitment DTI has made to investing in leading-edge information governance solutions.

“This investment will propel Valora to the forefront of AutoClassification technology, building on our substantial lead,” said Valora CEO, Sandra Serkes. “Our mission is to transform the creation and utilization of rich metadata for mission-critical information management purposes, such as large content migrations, file cleanups, remediation, classification and compliance.”

“Valora’s PowerHouse® automated services delivery engine is miles ahead of anything we’ve seen in the eDiscovery or information governance space and we are impressed with the Valora team,” said John Davenport, Jr., founder and CEO of DTI. “We look forward to bringing sophisticated solutions like these to our extensive client base.”

Valora remains an independent organization from DTI, maintaining its current management team. Terms of the financing were not disclosed.

About DTI

DTI is a leading legal process outsourcing (LPO) company serving law firms, corporations and government entities around the globe. DTI helps its clients accelerate the changes they must make to remain competitive. DTI is a leader in the management of information and processes. The company manages risks and minimizes costs associated with complex litigation and compliance functions and has experience in eDiscovery, managed services, litigation support, and court reporting. To learn more about DTI’s global footprint, flexibility, capacity, and world-class project management, visit www.DTIGlobal.com.

About Valora Technologies, Inc.

Valora provides world-class AutoClassification, Data Analytics & Visualization technologies for the legal, records management & information governance markets. We offer classification, data mining, analytics, coding and review, document intake and visualization, and hosted solutions for corporations & government agencies, as well as their advisory, inside & outside counsel organizations around the world. Valora has developed a strong expertise in the processing, management & analysis of complex data populations across large enterprises. Our solutions accommodate on premise, in cloud and SaaS environments, with additional support for sensitive material & mixed languages. Our specialty is providing efficiency, organization and cost control. For more information, please visit Valora’s website, or contact us at: 781.229.2265.

Press Contact:

DTI
Jill Brown
jbrown@DTIGlobal.com
+1(713)933-2905

Valora
Elise Tatosian
etatosian@valoratech.com
+1(781)229-2265

Funds managed by Harvest Partners, LP acquire equity stake in Material Handling Services from CI Capital Partners

Perrysburg, OH

Material Handling Services, LLC announced today that funds managed by Harvest Partners, LP, a New York-based private equity firm, acquired the equity stake in Material Handling Services held by CI Capital Partners, a New York-based private equity firm. CI Capital acquired its equity stake in Material Handling Services (doing business as Total Fleet Solutions) in 2012. Terms of the transaction were not disclosed.

Material Handling Services’ comprehensive, brand‐independent solutions include procurement, installation, maintenance and disposal of equipment such as forklifts, docks and doors across a diverse client base, spanning manufacturing, distribution, retail and other end markets. The company’s management team, including founder and CEO Brent Parent, will continue to lead the company.

Timothy Hall, Managing Director at CI Capital Partners said, “Throughout CI Capital’s investment in Material Handling Services, the management team did an excellent job of executing an organic growth and M&A strategy that enhanced the company’s value proposition and expanded its service offering. We are proud of the partnership we have had with founder and CEO Brent Parent and the rest of the management team, and we wish them continued success.”

“We are grateful for the support that CI Capital has provided us during an exciting and transformational period of time for our company,” said Mr. Parent. “We help our customers across the country reduce costs, maximize productivity and safety, and enable better decision making through sophisticated data analytics. We look forward to continuing to be an essential partner to our customers in the company’s next phase of growth alongside our new partners at Harvest.”

“We have spent substantial time with MHS over the past year and believe the value proposition, growth strategy and vision fit squarely within our services investment strategy,” said, Michael DeFlorio, Senior Managing Director at Harvest Partners. “CI Capital has been a great partner and we look forward to continuing to scale the business and invest in technology to support MHS’ partners and customers,” added Stephen Carlson, Managing Director at Harvest Partners.

Robert W. Baird & Co. acted as the exclusive financial advisor to Material Handling Services. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to Material Handling Services. White & Case were legal advisors to Harvest. Financing for the transaction was provided by Antares Capital, PSP Investments USA and Crescent Capital Group. Michael DeFlorio, Stephen Carlson and David Schwartz from Harvest Partners will join the Board of Directors.

About Material Handling Services

Material Handling Services is the largest provider of brand-independent fleet management and asset management services to retail, manufacturing, distribution, healthcare and hospitality companies. Based in Perrysburg, Ohio, the company primarily delivers its services via two business units, Miner and Total Fleet Solutions. Miner provides outsourced facility services including equipment installation, repairs and asset management solutions to reduce customer costs and improve uptime. Total Fleet Solutions is a brand independent provider of turnkey fleet management services for Fortune 1000 companies and large manufacturing & distribution companies throughout North America.

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm that pursues management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services, consumer, healthcare services, and industrial sectors. This strategy leverages Harvest Partners’ 35+ years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

About CI Capital Partners

CI Capital Partners LLC, a leading North American private equity investment firm with approximately $2.2 billion in assets under management, has been investing in middle-market companies since 1993. Since inception, CI Capital and its portfolio companies have made over 220 acquisitions representing approximately $8 billion in enterprise value. CI Capital's existing portfolio consists of companies that collectively generate annual revenue of over $3 billion and annual EBITDA of over $350 million and employ over 13,000 people.

Contact:

Katie Lyndon
Harvest Partners
212-379-9134

Caroline Luz
Owen Blicksilver Public Relations, Inc.
203-656-2829

FCX Performance acquires 4th company in 6 months

Columbus, OH

FCX Performance, a leading specialty flow control distributor, headquartered in Columbus, Ohio, serving the industrial process, energy, and high purity industries, announced that it has acquired Renew Valve & Cleveland Valve & Gauge, based in Monroe, MI.  Renew and its Cleveland Valve and Gauge division, are one of the foremost safety relief valve and line valve service companies in the US.

“FCX is an incredible fit for Renew/CVG”, according to JB Rorick, President of Renew.  “Adding our relief valve and repair expertise with their breadth of valve, pump, specialty piping, instrumentation products and services creates a unique and powerful combination.”

“We’re proud to welcome Renew/CVG to the FCX family.  This acquisition further reinforces our already strong presence in the Midwest” said Tom Cox, CEO of FCX.  “FCX is known for our extensive product offering backed by our technical expertise, but what our customers tell me is the real differentiator is having the service and repair capabilities to support those products.”

This is FCX’s fourth acquisition in the last six months.  The previous 3 acquisitions were located in the Midwest, Northeast and Southeast.  This expands FCX’s footprint to 41 offices nationally, staffed by more than 800 experienced team members.

Harvest Partners Announces Promotions

NEW YORK

Harvest Partners, LP (“Harvest” or “the Firm”) is pleased to announce the promotion of Andrew Schoenthal to Senior Managing Director. Previously a Managing Director, Mr. Schoenthal joins the current Senior Managing Directors of Harvest Partners in managing the firm and its affiliated investment funds.

Mr. Schoenthal joined Harvest in 2005 and has focused on investments in the business services and consumer sectors and has spearheaded the Firm’s west coast expansion. Prior to joining Harvest, he worked at Charlesbank Capital Partners and he has a B.A. in Economics from Emory University and an M.B.A. from The Wharton School of the University of Pennsylvania. Andrew serves on the Boards of DTI/Epiq, Encanto Restaurants, Garretson Resolution Group and Green Bank. He previously served on the Board of Cycle Gear.

Of the new appointment, Tom Arenz, Senior Managing Director of Harvest, said, “Andy has been instrumental in creating and managing attractive investments in the business services sector as well as the geographic expansion of our firm. We have great confidence in his talent and abilities and are pleased to have him as our partner.”

Harvest also announced several other promotions: Nick Romano to Managing Director; Michael Greenman, James Mitchel and David Schwartz to Principal; Steve Fessler to Vice President.

  • Nick Romano joined Harvest Partners in 2015 as a Principal and focuses on investments in the industrial and consumer sectors. Prior to joining Harvest, he worked at Audax Private Equity. He has an A.B. from Duke University.

Of the new appointment, Tom Arenz, said, “Nick has proven himself to be a highly valued senior member of our team. We expect he will continue to make significant positive contributions going forward.”

In addition, Harvest Partners SCF, LP (“HP SCF”) the non-control private equity strategy of Harvest, is pleased to announce the promotion of Steve Duke and Sean Murphy to Managing Director.

  • Steve is responsible for sourcing and completing investments across the business services and healthcare sectors. Since joining HP SCF in 2014, Steve has closed four HP SCF investments. He is a graduate of Yale University and received an MBA from Harvard Business School. Prior to joining HP SCF, Steve was a Principal at CCMP Capital. He is a member of the Board of LAZ Parking, and is an observer to the Board of DCA.
  • Sean is responsible for sourcing and completing investments across the consumer / retail sectors. Since joining HP SCF in 2016, Sean has closed three HP SCF investments. He is a graduate of Yale University. Prior to joining HP SCF, Sean was a Managing Director in the Private Equity group at Angelo, Gordon & Co. He is a member of the Board of GPM Investments, Roland Foods and OTG Management.

Of the promotions, Jay Hegenbart, Senior Managing Director and Portfolio Manager of HP SCF, said, “Steve was instrumental in the initial launch of HP SCF and has since then played an integral role in developing our business. His promotion reflects years of hard work and dedication to the firm.”

Mr. Hegenbart added that, “Sean has made significant contributions to our investment program, including having completed a $250 million investment in OTG Management, the largest transaction HP SCF has led to date. Sean has played a key part in the success of HP SCF, and I have great confidence in the depth and scope of his abilities as a senior member of our growing team.”

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm that pursues management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services, consumer, healthcare services, and industrial sectors. This strategy leverages Harvest Partners’ 35+ years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Contacts:

Tom Arenz
Senior Managing Director
Harvest Partners
212-599-6300

Caroline Luz
Owen Blicksilver Public Relations, Inc.
caroline@blicksilverpr.com
203-656-2829

FCX Performance Makes 3rd Acquisition Of 2016 With Raleigh’s PCI

Columbus, OH

FCX Performance a specialty flow control distributor serving the industrial process, energy and high purity industries and No. 31 on Industrial Distribution’s 2016 Big 50 List, recently announced that it has completed the acquisition of Raleigh, NC-based PCI-llc.

PCI provides instrument calibration, commissioning and regulatory consulting solutions for the life sciences industry, enabling clients to capitalize on the benefits of service continuity from a single provider so that they can stay compliant and focus on their core business.

Andy Ferrell, President of PCI commented that “This winning combination will allow PCI to offer a wider range of product and service solutions to our customers, and provides the company with resources to accelerate our growth strategy.”

“FCX is rapidly expanding our field service capabilities nationally adding unique, experienced, and expert resources that can fill our customer’s vital in-plant needs” said Tom Cox, CEO of FCX. “Acquisitions have always been a core part of our growth strategy, and PCI, our third in the last 120 days, is a terrific example of our ability to find great companies, with the best people, that can extend FCX’s unparalleled product and service offering.”

The acquisition of PCI adds over 100 instrument technicians, significantly increasing FCX’s service capabilities nationally while strengthening its portfolio of highly specialized products and services. With the addition of PCI’s seven service locations, FCX expands its footprint to 37 states.

Cox added “We are now one of the largest service and repair organizations for pumps, valves and instrumentation in the country. Combining this with our extensive flow control product distribution and technical capabilities, we offer our customers value that is unmatched in our industry.”

TruckPro, LLC Acquires Arizona Brake & Clutch Supply, LLC

TruckPro Expands its U.S Retail and Service Capabilities of Heavy Duty Truck & Trailer Parts

MEMPHIS, TN

TruckPro, LLC (“TruckPro”), a leading distributor of heavy-duty truck and trailer products, announced today it has completed the purchase of Arizona Brake & Clutch Supply, LLC. Arizona Brake & Clutch Supply is a leading provider of heavy duty after-market truck parts, fleet maintenance and remanufacturing services in multiple states in the Southwest through its locations in Phoenix and Yuma. Arizona Brake & Clutch Supply has been in business since 1941 and brings a rich history of exceptional service to a wide variety of customers.

The acquisition provides incremental growth opportunities for the combined business, including an expanded retail store network in key geographic markets and enhanced services for our customers.

“Arizona Brake & Clutch Supply is a highly successful, privately held after-market truck parts and services provider in the Southwest region with a great reputation for servicing its customers,” said Chuck Broadus, TruckPro’s Chief Executive Officer. “The addition of Arizona Brake & Clutch Supply to the TruckPro family will allow us to expand our footprint in the Southwest and provide additional services to our local customers and national accounts in this region.”

Arizona Brake & Clutch Supply’s current leadership team will continue to run the business and owner, Mark Johnson, will lead TruckPro’s expanded team in Arizona while also becoming an investor in the combined enterprise.

“We are very excited to join forces with TruckPro, one of the largest and most respected distributors and service providers in our industry,” said Johnson. “We feel this merger will strengthen and expand our customer service capabilities within our market and our customers will also benefit from having access to additional inventory and a large distribution network.”

About TruckPro, LLC

Founded in 1952, TruckPro, LLC is a leading distributor of heavy-duty truck & trailer products, and advanced repair services. Through a distribution network of more than 160 retail stores and advanced service shops, TruckPro delivers a comprehensive range of products to support commercial and government customer requirements in the areas of brake systems, electrical, engines, gear & drivetrain, and more. TruckPro is recognized for delivering measurable value and outstanding support to its customers and suppliers alike. Vast application expertise makes TruckPro an unbiased knowledge resource for product information, documentation and training.

For more information on TruckPro please visit www.TruckPro.com.

Contact:

Howard Fox
Director of Marketing TruckPro, LLC
Howard.Fox@truckpro.com

FCX Performance Acquires Syracuse’s RL Stone

Columbus, OH

FCX Performance — a specialty flow control distributor serving OEMs, EPC’s and end-users across the industrial process, energy and high purity industries, recently announced that it has completed the acquisition of RL Stone Inc. Based in Syracuse, NY, RL Stone is a regional distributor of valves and instrumentation to the process market.

“We are excited to welcome the dedicated teammates, customers, and vendors of RL Stone to FCX Performance,” said Tom Cox, CEO of FCX. “Lou Betrus, Chris Bove, and their team have built RL Stone to be one of the leading flow control distributors in the Northeast. For over 90 years, R.L. Stone has provided customers with products in steam specialties, process control instrumentation, and HVAC systems.”

The combination of FCX and RL Stone increases the FCX footprint to 36 offices nationally all staffed with highly technical sales engineers that bring strong vendor relationships and deep product knowledge to a diverse customer base. The acquisition of RL Stone significantly increases the FCX’s presence and capabilities in the Northeast, bringing additional offices in Rochester and Buffalo, while expanding on its strong vendor partnerships.

Cox added, “This is FCX’s second acquisition in 30 days. We are committed to adding value to our customers and vendor partners by joining forces with the best flow control distributors around the country.”

FCX Performance, Inc. Acquires SW Controls Inc.

Columbus, OH

FCX Performance a leading specialty flow control distributor serving OEMs, EPC’s and end-users across the industrial process, energy and high purity industries, announced today that it has completed the acquisition of SW Controls Inc. Based in Farmington Hills, MI, SW Controls is a regional distributor of valves and instrumentation to the process market.

“We are excited to welcome the dedicated teammates, customers, and vendors of SW Controls to FCX Performance,” said Tom Cox, CEO & President of FCX Performance, Inc. “Dan Willson and his team have built a quality organization that is well-recognized by customers and vendors alike. By combining the strengths of the two companies, FCX Performance will be the leading supplier of highly-technical, mission critical flow control products to the Midwestern markets jointly served by both firms.”

The combination of FCX and SW Controls strong vendor relationships; over 400 highly-trained sales, technical support, and service professionals; broad flow/fluid control product offerings; complete lifecycle service offerings; 34 sales and distribution locations with strategically located inventory, make FCX a formidable competitor in the flow control distribution market. Cox further added “that the two companies have very similar cultures that emphasize customer service, vendor relationships, and a focus on providing long-term, career growth opportunities for our team members.”

Epiq Systems Reaches Agreement to be Acquired for $16.50 Per Share by OMERS Private Equity and Harvest Partners

Transaction valued at approximately $1.0 billion
Upon completion of transaction, Epiq Systems and DTI to combine, creating a global legal services and technology leader

Kansas City, Kan.

Epiq Systems, Inc. (“Epiq”) (NASDAQ: EPIQ), a leading global provider of integrated technology and services for the legal profession, today announced that it has entered into a definitive agreement to be acquired by OMERS Private Equity, the private equity arm of the OMERS pension plan, and funds managed by Harvest Partners, LP, a leading middle-market private equity fund, for $16.50 per share in cash. The transaction, which represents a 42% premium to Epiq’s unaffected closing share price of $11.63 as of February 19, 2016, the last trading day before a media report speculating about potential offers for the company, has a total value of approximately $1.0 billion including assumed debt obligations.

The Epiq Board of Directors unanimously approved the transaction and recommends that Epiq shareholders vote in favor of the transaction. Under the terms of the agreement, upon the closing of the transaction, Epiq shareholders will receive $16.50 in cash for each share of Epiq’s common stock. Upon completion of the transaction, Epiq will become a privately-held company and will be combined with DTI, a leading global legal process outsourcing (LPO) company majority-owned by OMERS and managed by OMERS Private Equity.

The proposed transaction is expected to close in the fourth quarter of 2016, subject to customary closing conditions including receipt of shareholder and regulatory approvals. The transaction requires the affirmative vote of the holders of at least two-thirds of the outstanding shares of Epiq’s common stock entitled to vote on the transaction, which will be sought at a special meeting of Epiq’s shareholders. Each of St. Denis J. Villere & Company, LLC and P2 Capital Partners, LLC, the two largest shareholders of the company, Tom W. Olofson, founder, chairman and chief executive officer of the company, and the company’s directors and other executive officers have signed voting support agreements in support of the transaction, representing approximately 38% of the total issued and outstanding shares of common stock of the company.

Douglas M. Gaston, the chairman of the Strategic Alternatives Committee of the Epiq Board of Directors, commented, “This transaction represents the successful culmination of a comprehensive review of strategic and financial alternatives to maximize value for all of Epiq’s shareholders. After careful consideration, the Board determined that this transaction with OMERS Private Equity and Harvest Partners represents the highest and best offer received, offering Epiq shareholders at closing with immediate cash value at a substantial premium.”

Mr. Olofson said, “We believe this transaction is in the best interest of our shareholders, clients, associates and business partners. OMERS Private Equity and Harvest Partners are two experienced and world-class investors that have an extensive understanding of the legal technology solutions and services industry. Our management team and colleagues look forward to the new opportunities for growth with DTI.”

Eric Haley, managing director of OMERS Private Equity, said, “Epiq and DTI are both recognized as excellent service providers and market innovators. This combination will produce a global firm with best-in-class solutions and significant opportunities for growth in the dynamic legal technology industry.” Michael Graham, Head of North America of OMERS Private Equity added, “This combination is indicative of the confidence we have in the DTI platform and the future of the legal process outsourcing industry and we are excited to partner with the Epiq team to enhance the growth of these two exceptional companies.”

“We are excited to invest in this combination of two global legal technology solutions and services companies,” said Andrew Schoenthal, managing director of Harvest Partners. “We are looking forward to once again partnering with John Davenport Jr. and DTI, and have great respect for Epiq and what they have accomplished,” added Ira Kleinman, senior managing director of Harvest Partners.

Combination of Epiq and DTI to Deliver Significant Benefits to Clients, Partners and Employees

The combination of Epiq and DTI is expected to deliver significant benefits to their clients, partners and employees, including:

  • broadened range of service solutions and products
  • expanded geographic footprint
  • combined deep bench of expertise
  • bolstered data security protocols
  • commitment to exceptional client service, and
  • increased opportunities for employees.

John Davenport Jr., founder and chief executive officer of DTI, commented, “Epiq is an industry leader with significant growth potential and aligns perfectly with our objective of delivering excellence in legal process outsourcing wherever our clients operate. This combination will expand our platform in scope, geographic reach and innovative capabilities. As we plan to integrate the two businesses, we will continue to deliver the high-quality solutions and clientcentric focus that our clients have come to expect.” Davenport continued, “We look forward to welcoming the Epiq management team and their talented employees in serving our combined global client base more effectively and efficiently than ever before.”

Brad D. Scott, president and chief operating officer of Epiq, said, “This combination brings together two highly complementary legal services and technology companies with global reach and deep expertise. With the support of Omers Private Equity and Harvest Partners, we have the opportunity to leverage each company’s strengths to create a combined entity well positioned to be the world’s preferred strategic partners for complex and outsourced legal matters. We are excited to work with the DTI team to enhance the value of all of our service offerings to clients worldwide.”

Credit Suisse Securities (USA) LLC is serving as exclusive financial advisor to Epiq Systems and Kirkland & Ellis LLP is serving as legal counsel. Wells Fargo Securities is serving as exclusive financial advisor to DTI, and Weil, Gotshal & Manges LLP and Bryan Cave LLP are serving as legal counsel. Wells Fargo Securities is serving as exclusive financial advisor to OMERS Private Equity and Weil, Gotshal & Manges LLP is serving as legal counsel. BofA Merrill Lynch is serving as exclusive financial advisor to Harvest Partners and White & Case LLP is serving as legal counsel. Bank of America Merrill Lynch and Goldman Sachs are joint lead arrangers and joint bookrunners for the credit facilities.

About Epiq

Epiq (NASDAQ: EPIQ) is a leading global provider of integrated technology and services for the legal profession, including eDiscovery, managed services, bankruptcy, class action and mass tort administration, federal regulatory actions and data breach responses. Our innovative solutions are designed to streamline the administration of litigation, investigations, financial transactions, regulatory compliance and other legal matters. Epiq’s subject-matter experts bring clarity to complexity, create efficiency through expertise and deliver confidence to our clients around the world. For more information, visit us at www.epiqsystems.com.

About OMERS Private Markets (“OPM”) and OMERS Private Equity

OMERS Private Markets [OMERS Private Equity and Borealis Infrastructure] invests globally in private equity and infrastructure assets on behalf of the OMERS pension plan. OMERS Private Equity’s investment strategy involves active ownership of a portfolio of industry-leading businesses across North America and Europe. Through partnership with world class management teams and delivering on growth strategies, OMERS Private Equity’s investments are aimed at generating strong returns to help deliver secure and sustainable pensions to OMERS members. Recent OMERS Private Equity transactions include the acquisition of Forefront Dermatology, Kenan Advantage Group, and ERM Partners and the successful sale of Marketwired. OPM has offices in Toronto, New York, London and Sydney. OMERS is one of Canada’s largest pension funds with net assets of CAD$77 billion. For more information, please visit www.omerspe.com or www.omersprivatemarkets.com

About Harvest Partners

Founded in 1981, Harvest Partners, LP, (www.harvestpartners.com) is a leading New Yorkbased private equity investment firm with over $5.0 billion in cumulative capital commitments that pursues management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial services, and manufacturing and distribution sectors. For more information, please visit www.HarvestPartners.com.

About DTI

DTI is a leading legal process outsourcing (LPO) company serving law firms, corporations and government entities around the globe. DTI helps its clients accelerate the changes they must make to remain competitive. DTI is a leader in the management of information and processes. The company manages risks and minimizes costs associated with complex litigation and compliance functions. DTI is among the most experienced providers of eDiscovery, litigation support and court reporting. To learn more about DTI’s global footprint, flexibility, capacity and world-class project management, visit www.DTIGlobal.com.

Forward-Looking Statements

Statements about the expected timing, completion and effects of the proposed transaction and all other statements in this press release, other than historical facts, constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forwardlooking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forwardlooking statements. The parties may not be able to complete the proposed transaction on the terms described above or other acceptable terms or at all because of a number of factors, including (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, (2) the failure to obtain shareholder approval or the failure to satisfy the closing conditions, (3) the failure to obtain the necessary financing arrangements set forth in the debt and equity commitment letters delivered pursuant to the merger agreement, (4) risks related to disruption of the attention of Epiq’s and DTI’s managements from their respective ongoing business operations due to the proposed transaction, and (5) the effect of the announcement of the proposed transaction on the ability of each party to retain and hire key personnel and maintain relationships with its customers, suppliers, operating results and business generally.

Actual results may differ materially from those indicated by such forward-looking statements. In addition, the forward-looking statements represent the parties’ views as of the date on which such statements were made. The parties anticipate that subsequent events and developments may cause their views to change. However, although the parties may elect to update these forward-looking statements at some point in the future, they specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing the parties’ views as of any date subsequent to the date hereof.

Additional Information and Where to Find It

In connection with the proposed transaction, Epiq will file with the Securities and Exchange Commission (the “SEC”) and furnish to Epiq’s shareholders a proxy statement. BEFORE MAKING ANY VOTING DECISION, EPIQ’S SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT (IF ANY) BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION. Investors and shareholders may obtain a free copy of documents filed by Epiq with the SEC at the SEC’s website at http://www.sec.gov. In addition, investors and shareholders may obtain a free copy of Epiq’s filings with the SEC from Epiq’s website at http://epiqsystems.com/investors or by directing a request to: Epiq Systems, Inc., 501 Kansas Avenue, Kansas City 66105-1300, Attn: Investor Relations, (913) 621-9500.

Epiq and certain of its directors, executive officers, and certain other members of management and employees of Epiq may be deemed to be participants in the solicitation of proxies from shareholders of Epiq in favor of the proposed merger. Information about directors and executive officers of Epiq is set forth in the proxy statement for Epiq’s 2016 annual meeting of shareholders, as filed with the SEC on Form DEF 14A on June 23, 2016. Additional information regarding the interests of these individuals and other persons who may be deemed to be participants in the solicitation will be included in the proxy statement with respect to the merger that Epiq will file with the SEC and furnish to Epiq’s shareholders.

Contact:

For Epiq:
Kelly Bailey
Epiq Systems
+1 (913) 621-9500
ir@epiqsystems.com

Chris Eddy
Catalyst Global
+1 (212) 924-9800
epiq@catalyst-ir.com

Media
Michael Freitag / Mahmoud Siddig
Joele Frank, Wilkinson, Brimmer Katcher
+1 (212) 355-4449
EPIQ-JF@joelefrank.com

For OMERS:
Lori McLeod
OMERS
+1(416) 369-2399
lmcleod@omers.com

For Harvest Partners:
Caroline Luz
Owen Blicksilver Public Relations, Inc.
+1 (203) 656-2829

Andrew Schoenthal
Managing Director
Harvest Partners
+1 (212) 599-6300

For DTI:
Jill Brown
DTI
+1 (713) 202-6705
jbrown@DTIGlobal.com

PE-backed Valet Waste buys Simple Turns

TAMPA, FLORIDA

Valet Waste, LLC, announced today that it has acquired Simple Turns, a full service turns company headquartered in Denver, Colorado, that provides carpet cleaning, painting, porter services, apartment cleaning and turn services to the Multifamily Housing Industry.

Based in Tampa, Valet Waste is a leading national provider of value-added amenity services to the Multifamily Housing Industry. Valet Waste provides five nights-per-week doorstep waste and recycling collection for more than 450 management companies and owner groups servicing more than 800,000 units across 35 states and Washington, D.C. The company also offers complementary maintenance services to the Multifamily Housing Industry including nightly maintenance, apartment cleaning, apartment turns and porter services through its Maintenance Plus offering, which launched in 2014.

“With our successful acquisition of Simple Turns, Valet Waste has extended our service capabilities to effectively address the high demand for make-ready services in our industry nationwide. This is truly a game changer for the turn service process. James Heiberg and his team have done a phenomenal job in providing our industry with standardized and consistent make-ready services and we are excited to expand these programs at the corporate, regional and property level throughout our industry,” said Shawn Handrahan, President and CEO of Valet Waste.

“Customer demand for a standardized national turn service provider is very high. Together, we will provide a credible solution for all of our clients in turning units more quickly to optimize rental days and reduce work load on property maintenance staff so they focus on resident repairs, reducing response times and increased resident satisfaction,” added James Heiberg, President of Simple Turns.

About Valet Waste:

Since 1995, Valet Waste has been the Multifamily Housing Industry’s leading provider of five-nights-per-week doorstep trash and recycling collection. It currently services over 450 management companies and owner groups throughout the Multifamily Housing Industry that represent over 3.4 million units nationwide. Valet Waste offers the most requested resident amenities and services along with unparalleled and proven customer satisfaction. Its fully insured and uniformed professional valets collect waste and recyclables from residents’ doorsteps and manage multifamily communities’ on-site trash issues by streamlining waste from the doorstep to the dumpster with their proven systems. Valet Waste is a portfolio company of the Private Equity Group of Ares Management, L.P. (NYSE: ARES) and Harvest Partners, LP.

About Simple Turns:

Simple Turns is a full-scale turn service company founded in Denver in 2008. Current turn services are provided by a vast subcontractor network located throughout the southern and western U.S. and include carpet cleaning, painting, housekeeping, water extraction and common area cleaning while utilizing a high-tech process of scheduling, invoicing and quality control.

Michael Klein Joins Harvest Partners as Advisor

Former CEO of Armored Auto Group and Murray’s Discount Auto to Identify and Evaluate Investments in Automotive Aftermarket

NEW YORK, NY

Harvest Partners, LP (“Harvest”), a New York based private equity investment firm specializing in management buyouts and recapitalizations of middle-market companies, announced the appointment of Michael J.P. Klein as an Advisor. Mr. Klein will support the firm in identifying and evaluating investment opportunities in the automotive aftermarket parts, distribution, services, and retail sectors. Mr. Klein has more than 35 years of experience in the automotive aftermarket, including CEO roles with Armored Auto Group, IDQ Holdings (a manufacturer of automotive A/C products), and Murray’s Discount Auto Stores. He has a history of driving businesses and shareholder value creation through organic growth initiatives and acquisitions. Mr. Klein currently serves as Vice Chairman of the Automotive Aftermarket Industry Association and is slated to become Chairman later this year.

“Michael has an exceptional track record with both family and private equity-owned businesses in the automotive aftermarket, having been the CEO of three companies that generated significant returns for multiple owners. We are pleased to enter into a formal relationship with him,” said Michael DeFlorio, a Senior Managing Director of Harvest Partners. “Given our recent success with Driven Brands, we are enthusiastic about pursuing new opportunities in the automotive aftermarket. We believe Michael’s experience, leadership, and vision make him the ideal partner for us,” added Thomas Arenz, a Senior Managing Director of Harvest Partners.

Mr. Klein commented, “I look forward to leveraging my experience and network towards a new endeavor and I am delighted to be teaming up with Harvest Partners. Harvest has a long history of partnering with executives and management teams to grow and improve middle market businesses and I am thrilled to be an integral part of their automotive aftermarket initiative.”

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the industrial services, manufacturing and distribution, business services and consumer, and healthcare services sectors. This strategy leverages Harvest Partners’ 35 years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Contact:

Katie Lyndon
Principal
Harvest Partners
212-599-6300

Caroline Luz
Owen Blicksilver Public Relations, Inc.
caroline@blicksilverpr.com
203-656-2829

Harvest Partners and Audax Announce Recapitalization of Advanced Dermatology

NEW YORK, NY

Harvest Partners, LP (“Harvest”), a New York-based private equity firm, and Audax Private Equity (“Audax”) announced today they have completed a recapitalization of Advanced Dermatology & Cosmetic Surgery (“Advanced Dermatology,” “ADCS,” or the “Company”). Audax, the Company’s previous sponsor, will retain a minority stake, as will the Company’s management team. Terms of the transaction were not disclosed.

Advanced Dermatology, headquartered in Maitland, FL, is the largest dermatology practice in the country, with over 140 locations. Founded in 1989, the Company offers a full range of dermatologic care including clinical, medical and cosmetic dermatology.

Advanced Dermatology CEO Dr. Matt Leavitt and President and COO David Morell will continue to lead the Company. Dr. Leavitt, an internationally recognized researcher, surgeon and author, is a Board-certified dermatologist specializing in skin cancer, cosmetic surgery and general dermatology.

Dr. Leavitt said, “Audax has been a terrific partner. Their experience sourcing and integrating add-on acquisitions along with their operational expertise were key assets as we expanded ADCS into new geographies and expanded in our existing markets. I am excited to work with Harvest as we look to grow Advanced Dermatology. Harvest’s operating expertise and financial resources will allow us to focus on attracting the best physicians as we expand our network and continue our tradition of providing a superior patient experience.”

“Given the Company’s success, Matt Leavitt and Audax had their choice of private equity firms with whom to partner. We are both thrilled and honored that they chose Harvest for Advanced Dermatology’s next chapter of growth,” said Jay Wilkins, Senior Managing Director at Harvest Partners.

“Advanced Dermatology is the leader among few scale platforms in the highly attractive and fragmented dermatology space. We are excited to partner with Matt and his team to support the Company’s consolidation strategy in this stable and growing market,” added Paige Daly, Managing Director at Harvest Partners.

“We’ve enjoyed a terrific partnership with Matt and his team over the past five years, having built the business into a quality-focused platform in a consolidating space. Harvest provides great insight and expertise in multi-site businesses, and we are excited to partner with them to support the continued growth of Advanced Dermatology,” said Keith Palumbo, Managing Director at Audax.

Jefferies LLC served as the exclusive financial advisor to Advanced Dermatology and Audax. Ropes & Gray LLP advised ADCS and Audax in the transaction. White & Case were legal advisors to Harvest. Financing for the transaction was provided by Golub Capital and Crescent Capital Group.

About Advanced Dermatology

Advanced Dermatology & Cosmetic Surgery (www.advancedderm.com) is a dermatology-focused physician practice management company, with clinics around the United States which provide clinical, cosmetic, and pathology services. Advanced Dermatology also provides billing and coding services for third-party dermatology practices under the Ameriderm trade name.

About Harvest Partners

Founded in 1981, Harvest Partners, LP (www.harvestpartners.com) is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the healthcare services, business services and consumer, industrial and energy services, and manufacturing and distribution sectors.

About Audax Private Equity

Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax Group has over $10 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information, visit the Audax Group website at www.audaxgroup.com.

Media Contact:

For Harvest Partners, LP
Jay Wilkins
Senior Managing Director 212-599-6300

For Audax Group
Geoffrey S. Rehnert
Co-CEO 617-859-1503

Jennifer Hurson
Owen Blicksilver Public Relations, Inc.
jennifer@blicksilverpr.com
845-507-0571

Valet Waste, LLC Continues Pursuit of Sustainability, Recycling and Composting by Acquiring Green Door Valet, LLC

Tampa, Florida

Valet Waste, LLC, announced today that it has acquired Green Door Valet, LLC.

Based in Tampa, Valet Waste is a leading national provider of value-added amenity services to the Multifamily Housing Industry. Valet Waste provides five nights-per-week doorstep waste and recycling collection for more than 450 management companies and owner groups servicing more than 800,000 units across 34 states and Washington, D.C. The company also offers complementary maintenance services to the multifamily housing industry including nightly maintenance, apartment cleaning, apartment turns and porter services through its Maintenance Plus offering, which launched in 2014.

“We are honored Heath Hallada, the President and CEO of Green Door Valet, has chosen Valet Waste as the company best suited to continue the pursuit of his vision of bringing sustainability, recycling and composting to every community nationwide. After meeting Heath the first time, it was evident we were aligned on the vision of being the premier services provider to the Multifamily Housing Industry. The focus on sustainability is a perfect complement to our current doorstep collection and recycling, as well as extend our breadth of services beyond doorstep into our continued expansion of our Maintenance Plus division, to truly be the nationwide services provider our Multifamily partners desire. Heath truly makes us better tomorrow than we are today,” said Shawn Handrahan, President and CEO of Valet Waste. “The transaction unifies our mission to be the most sustainability focused service company in multifamily. Green Door Valet’s core value of customer first paralleled with our green-to-grow initiative is a natural and seamless integration to the innovative and industry leading company of Valet Waste. I am very excited to continue the mission by joining this great team, and knowing that they are a company that truly cares for their people, customers and the residents they serve. Together, we will grow our sustainability platform, which will positively impact millions of households across the country,” added Heath Hallada, President and CEO of Green Door Valet.

About Valet Waste:

Since 1995, Valet Waste has been the Multifamily Housing Industry’s leading provider of five-nights-per-week doorstep trash and recycling collection. It currently services over 450 management companies and owner groups throughout the multifamily housing industry that represent over 3.4 million units nationwide. Valet Waste offers the most requested resident amenities and services along with unparalleled and proven customer satisfaction. Its fully insured and uniformed professional valets collect waste and recyclables from residents’ doorsteps and manage multifamily communities’ on-site trash issues by streamlining waste from the doorstep to the dumpster with our proven systems. Valet Waste is a portfolio company of the Private Equity Group of Ares Management, L.P. (NYSE: ARES) and Harvest Partners, LP.

About Green Door Valet:

Green Door Valet, LLC, founded in 2013 by Heath Hallada, is an Austin based company that provides doorstep recycling and waste solutions to multifamily communities in Austin, Dallas, Houston and San Antonio, Texas. From the beginning, Green Door Valet’s mission has been to create a culture that focused on three core values; customer first, community growth and environmental stewardship. Executing those values, Green Door Valet engages apartment residents with recycling education to create a more sustainable living experience across the Great State of Texas.

Media Contact:

Valet Waste
Media Relations
Lee Csulik
813-279-2126

Lee Csulik
Valet Waste, LLC
203-656-2829
www.valetwaste.com

Harvest Partners Announces Promotion of Stephen Carlson to Managing Director and Hiring of Uzair Dossani as Managing Director

NEW YORK, NY

Harvest Partners, LP (“Harvest” or “the Firm”) is pleased to announce the promotion of Stephen Carlson to Managing Director of the Firm. Previously a Principal, he joins the eight current Managing Directors and Senior Managing Directors of Harvest.

Mr. Carlson joined Harvest in 2010 from DLJ Merchant Banking Partners. He is a cum laude graduate of The Wharton School at the University of Pennsylvania and received a Master of Business Administration from the Kellogg School of Management at Northwestern University. Mr. Carlson serves on the board of VetCor and FCX Performance and is involved with the firm’s fund investments in PSSI and Valet Waste. He devotes the majority of his time to industrial and business services and distribution investments.

Of the new appointment, Tom Arenz, Senior Managing Director of Harvest, said, “Stephen has been instrumental in helping us create attractive new investments and in actively working with our portfolio companies to help them grow and prosper. His promotion reflects the great confidence we have in his abilities and the depth of talent we see in our next generation of Harvest leaders.”

Harvest also announced that Uzair Dossani has joined the Firm as a Managing Director.  He joins from Warburg Pincus where he worked for 10 years, most recently as a member of the U.S. Industrials and Business Services team.   Earlier in his career he worked at Charlesbank and Bain and Company. He graduated from the University of Virginia with a Systems Engineering degree and is a 2005 honors graduate of Wharton’s MBA program. During his career, Uzair has gained experience investing in and evaluating a wide array of businesses in the distribution, diversified industrial and building products markets including Builders First Source, Polypro and Scotsman Industries, on whose board he served.

Tom Arenz added that “we have known Uzair for several years and are delighted he is joining us. His broad experience investing in a variety of businesses over many years was very attractive to us. We are excited to have him as a member of our industrials and services team and look forward to his contributions to our investment program.”

About Harvest Partners

Founded in 1981, Harvest Partners, LP (www.harvestpartners.com) is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the healthcare services, business services and consumer, industrial and energy services, and manufacturing and distribution sectors.

Media Contact:

Harvest Partners, LP
Thomas W. Arenz
212-599-6300
Senior Managing Director
ta@harvestpartners.com

Owen Blicksilver PR
Caroline Luz
203-656-2829
caroline@blicksilverpr.com

Dental Care Alliance Announces North East Dental Management Affiliation

NEW YORK, NY

Sarasota, Fla. – Dental Care Alliance (DCA), a leading dental support organization, announces the affiliation of North East Dental Management (NEDM).

The combined company now supports approximately 230 affiliated dental practices across 12 states,making it one of the largest multi-branded dental support organizations in the U.S. Harvest Partners, LP, a New York-based private equity firm, is the majority shareholder of DCA. Terms of the deal were not disclosed.

“This affiliation agreement is a merger of two successful organizations in order to create a single, stronger entity with the means and resources to further enhance the support and services we provide to our affiliated doctors and practices,” says Mitch Olan CEO of Dental Care Alliance. “I’ve known Dr. Abramowitz for more than 10 years, and I’m pleased to welcome him to the DCA family.”

“Our organizations share similar values regarding the importance of offering convenient access to quality, affordable dental care in a friendly, state-of-the-art environment. We identified DCA as the company best positioned to help us continue our growth,” says Dr. Craig Abramowitz, CEO of NEDM.

About DCA

DCA (www.dentalcarealliance.com) is one of the largest multi-branded dental support organizations in the U.S. Founded in 1991 and headquartered in Sarasota, FL, DCA supports a network of 230 practices across 12 states in the Eastern U.S. DCA-affiliated practices provide a full suite of dental services, including general dentistry, hygiene, pediatric dentistry, orthodontics, endodontics, periodontics and oral surgery.

About Harvest Partners

Founded in 1981, Harvest Partners, LP (www.harvestpartners.com) is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the healthcare services, business services and consumer, industrial and energy services, and manufacturing and distribution sectors.

Media Contact:

Shawn Wherry
Dental Care Alliance
941-955-3150, xt 007228

Harvest Partners Completes Sale of AxelaCare Health Solutions

NEW YORK, NY

Harvest Partners, LP (“Harvest”), a New York-based private equity firm, announced today it has completed the sale of AxelaCare Health Solutions to OptumRx, the pharmacy care services business of Optum. Terms of the transaction were not disclosed. Harvest initially invested in the company in April 2013.

AxelaCare is a leading national provider of specialty home infusion services based in Lenexa, Kansas. The company currently treats patients in 44 states and Washington, D.C. through its network of owned and contracted RNs. The company offers chronic drug therapies for conditions such as autoimmune disease and hemophilia as well as acute infusion therapies, such as antibiotics and total parenteral nutrition, through its network of 34 pharmacies.

AxelaCare CEO Ted Kramm and President Kathee Kramm said, “Harvest has been an exceptionally supportive partner, delivering valuable financial and operational guidance that leave us well positioned as we move into our next phase of growth.”

About AxelaCare

Founded in 2008, AxelaCare is a leading high-growth technology-enabled provider of home infusion services for chronic and acute conditions. The Company, based in Lenexa, Kansas, is the fifth largest and one of the fastest growing national providers of immune globulin (IG) treatment, supported by its patient-centric approach and clinical leadership. AxelaCare has leveraged its expertise to develop CareLogix, an innovative and proprietary outcomes technology to assess the impact of IG treatment, which helps optimize therapy management for patients and provides value to practitioners, insurers and manufacturers.

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial services, and manufacturing and distribution sectors. This strategy leverages Harvest Partners’ 35 years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Media Contact:

Jay Wilkins
Harvest Partners
(212) 599-6300

Caroline Luz
Owen Blicksilver Public Relations
(203) 656-2829
caroline@blicksilverpr.com

Green Bancorp, Inc. Completes Merger with Patriot Bancshares, Inc.

Houston, TX

Green Bancorp, Inc. (“Green”) (NASDAQ: GNBC), the bank holding company that operates Green Bank, N.A., announced the completion of the merger of Patriot Bancshares, Inc. (“Patriot”) with and into Green and the merger of Patriot Bank with and into Green Bank, all effective on October 1, 2015.

Patriot Bank, headquartered in Houston, TX, operated six locations in Houston, two in Dallas and one in Fannin County, Texas. As of June 30, 2015, Patriot, on a consolidated basis, reported total assets of $1.4 billion, total loans of $1.0 billion, total deposits of $1.1 billion and total shareholders’ equity of $123.8 million.

“This is another solid move for Green Bancorp,” said Manny Mehos, founder and chairman of the board. “Patriot Bank increases our scale and competitiveness in the Houston and Dallas markets. It is also our sixth and largest acquisition; we continue to look for more. ”

Geoff Greenwade, president and chief executive officer of Green Bank, continues, “Patriot Bank’s complementary branch network, capable staff and customer base enhance our opportunities for organic growth. This merger strengthens our presence in Houston and Dallas and diversifies our loan and deposit franchise. We’re now focused on a seamless integration of the two organizations.”

Under the terms of the merger agreement, Green issued approximately 10.4 million shares of Green common stock for all outstanding shares of Patriot common stock, including the converted Series D and Series F preferred stock. In addition, Patriot’s $27.3 million Series B and Series C preferred stock were redeemed in connection with the closing.

Don Ellis, chairman and chief executive officer of Patriot, will serve the combined entity as vice chairman.

About Green Bancorp, Inc.

Headquartered in Houston, Green Bancorp, Inc. is a bank holding company that operates Green Bank, N.A., in Houston, Dallas and Austin. Commercial-focused, Green Bank is a federally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States.

Forward Looking Statements

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release contains, forward-looking statements within the meaning of the securities laws that are based on current expectations, assumptions, estimates and projections about Green Bancorp and its subsidiaries. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, many of which are outside of Green Bancorp’s control, which may cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include but are not limited to whether Green Bancorp can: successfully identify acquisition targets and integrate the businesses of acquired companies and banks; continue to sustain its current internal growth rate or total growth rate; provide products and services that appeal to its customers; continue to have access to debt and equity capital markets; and achieve its sales objectives. Other risks include, but are not limited to: the possibility that credit quality could deteriorate; actions of competitors; changes in laws and regulations (including changes in governmental interpretations of regulations and changes in accounting standards); a deterioration or downgrade in the credit quality and credit agency ratings of the securities in Green Bancorp’s securities portfolio; customer and consumer demand, including customer and consumer response to marketing; effectiveness of spending, investments or programs; fluctuations in the cost and availability of supply chain resources; economic conditions, including currency rate fluctuations and interest rate fluctuations; and weather. These and various other factors are discussed in Green Bancorp’s Final Prospectus on Form 424(b)(4) and other reports and statements Green Bancorp has filed with the SEC. Copies of the SEC filings for Green Bancorp may be downloaded from the Internet at no charge from investors.greenbank.com.

Media Contact:

Mike Barone
713-275-8243
mbarone@greenbank.com

Investor Relations:
713-275-8220
investors@greenbank.com

Ares Management and Harvest Partners Funds to Acquire Valet Waste

Los Angeles & New York

The Private Equity Group of Ares Management, L.P. (NYSE:ARES) and Harvest Partners, LP announced today that funds managed by each have acquired Valet Waste from investment funds affiliated with New Mountain Capital, LLC. Terms of the transaction were not disclosed.

Based in Tampa, Valet Waste is a leading national provider of value-added amenity services to the multifamily housing industry. Valet Waste provides five nights-per-week doorstep waste and recycling collection for more than 400 management companies and owner groups servicing more than 665,000 units across 34 states. The company also offers complementary maintenance services to the multifamily housing industry including nightly maintenance, apartment cleaning, apartment turns and porter services through its Maintenance Plus offering, which launched in 2014.

“Valet Waste is a leader in its industry, with a longstanding track record of delivering high-quality service to its customers and providing a top-rated amenity to residents. We are excited to partner with the Valet Waste management team and look forward to supporting the company in its next phase of growth.” said Matt Cwiertnia, Partner in the Private Equity Group of Ares Management.

“We are delighted to join Ares and the senior management team as long-term investors in the company,” said Michael DeFlorio, Senior Managing Director of Harvest Partners. “Shawn and his team have built a truly unique business that provides exceptional value to customers and residents. We are excited to invest alongside this first class team to build upon Valet Waste’s leadership position in the market and expand services more broadly across the multifamily housing industry.”

“New Mountain Capital has played a vital role in growing Valet Waste during its ownership period – and we thank them for a very successful partnership,” said Shawn Handrahan, President and CEO of Valet Waste. “With the growth opportunities in front of us, this is an opportunity to take the next step and further our position as a market leader in amenity and maintenance services to the multifamily housing industry. We look forward to working with our new partners at Ares and Harvest as they share our vision for long-term growth.”

“It was a pleasure to work with the Valet Waste management team as they defined the market, built their business and achieved significant sustainable growth,” said Bert Notini, Managing Director of New Mountain Capital. “We wish Valet Waste continued success in its next stage of expansion.”

Proskauer Rose LLP acted as legal advisor to Ares Management and Harvest Partners. White & Case LLP acted as legal counsel to Harvest Partners. Robert W. Baird & Co. acted as a financial advisor and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisor to Valet Waste.

About Valet Waste:

Since 1995, Valet Waste has been the Multifamily Housing Industry’s leading provider of five-nights-per-week doorstep trash and recycling collection. It currently services over 440 management companies and owner groups throughout the multifamily housing industry that represent over 3.4 million units nationwide. Valet Waste offers the most requested resident amenities and services along with unparalleled and proven customer satisfaction. Its fully insured and uniformed professional valets collect waste and recyclables from residents’ doorsteps and manage multifamily communities’ on-site trash issues by streamlining waste from the doorstep to the dumpster with our proven systems.

About Ares Management, L.P.

Ares is a publicly traded, leading global alternative asset manager with approximately $88 billion of assets under management as of June 30, 2015 and more than 15 offices in the United States, Europe and Asia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its four distinct but complementary investment groups in Tradable Credit, Direct Lending, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole. Visit www.aresmgmt.com for more information.

About Harvest Partners, LP

Founded in 1981, Harvest Partners, LP (www.harvestpartners.com) is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial services, and manufacturing and distribution sectors. This strategy leverages Harvest Partners’ 35 years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

About New Mountain Capital, LLC

New Mountain Capital is a New York-based alternative investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $15 billion in aggregate capital commitments. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit www.newmountaincapital.com.

Contact:

Ares Management
Investor Relations:
Carl Drake
888-818-5298
cdrake@aresmgmt.com

Media Relations:
Mendel Communications
Bill Mendel
212-397-1030
bill@mendelcommunications.com

Harvest Partners
Michael DeFlorio
Senior Managing Director
212-599-6300

Media Relations:
Caroline Luz
Owen Blicksilver Public Relations, Inc. 
caroline@blicksilverpr.com
203-656-2829

Valet Waste
Media Relations:
Lee Csulik
813-279-2126

New Mountain Capital
Investor Relations:
Adam Weinstein
212-720-0300
aweinstein@newmountaincapital.com

TruckPro, LLC Acquires Power Train Corporation

TruckPro Expands its U.S. Retail and Service Capabilities of Heavy-Duty Truck & Trailer Parts

MEMPHIS, TN

TruckPro, LLC (“TruckPro”), a leading distributor of heavy-duty truck and trailer products, announced today it has completed the purchase of Power Train. Power Train is a leading provider of heavy-duty after-market truck parts, fleet maintenance and mobile repair services in the Indiana, Ohio and Kentucky markets through its network of 11 full-service locations.

The acquisition provides several growth drivers for the combined business including an expanded retail store network in key geographical markets, enhanced core supplier relationships, and the ability to leverage the various service offerings of both organizations. “Power Train is a well established privately held after-market truck parts and services provider in the region with a great reputation for servicing local and national customers. The addition of Power Train to the TruckPro family expands our network of retail and service locations in the United States and Canada to more than 150”, stated Steve Riordan, TruckPro’s Chairman and Chief Executive Officer.

Power Train’s current leadership team, including Lyle Bass and Joe Leffel will continue to run the business while also becoming investors in the combined enterprise. Bass commented, “The merger is going to help strengthen and expand our customer service capabilities within our market and our customers will benefit from having access to additional inventory and a large distribution network throughout the United States and Canada.” Leffel added, “We are very excited to be joining forces with TruckPro, who has emerged as the industry’s fastest growing provider of heavy-duty truck parts and advanced repair services. The combination of Power Train and TruckPro represents a terrific combination for our customers, associates, and suppliers.”

About TruckPro, LLC

Founded in 1952, TruckPro, LLC is a leading distributor of heavy-duty truck & trailer products, and advanced repair services. Through a distribution network of more than 150 retail stores and advanced service shops, TruckPro delivers a comprehensive range of products to support commercial and government customer requirements in the areas of brake systems, electrical, engines, gear & drivetrain, and more. TruckPro is recognized for delivering measurable value and outstanding support to its customers and suppliers alike. Vast application expertise makes TruckPro an unbiased knowledge resource for product information, documentation and training. For more information on TruckPro please visit www.truckpro.com.

Contact:
Howard Fox,
Director of Marketing TruckPro, LLC
howard.fox@truckpro.com

Harvest Partners Annouces Acquisition Of DCA Investment Holding LLC

Sees Platform Opportunity for Growing Dental Support Organization

NEW YORK, NY

Harvest Partners, LP (“Harvest”), a New York-based private equity firm, and the management team of DCA Investment Holding LLC (“DCA” or the “Company”) have completed the acquisition of the Company from Quad-C Management, Inc. (“Quad-C”), a Charlottesville, VA-based private equity firm. Terms of the transaction were not disclosed.

DCA is one of the largest multi-branded dental support organizations in the U.S., with 157 affiliated dental offices across eight states supporting over 382 dentists. DCA provides a broad spectrum of back office business support to general and specialty dental offices treating patients of all ages, with various dental health needs and socioeconomic statuses. The management team of DCA, led by CEO Mitch Olan and CFO David Nichols, will continue to lead the Company.

“Harvest has a wealth of experience in healthcare services and a great appreciation for our commitment to improving the well-being of our affiliated dentists and their patients,” Mr. Olan said. “We are enthusiastic about our new partnership and look forward to executing on a number of opportunities in the market to support our continued growth.”

“DCA is one of the most attractive platforms we’ve seen in the dental services sector. Mitch, Dave and Quad-C have done an impressive job of building a growing, well-diversified platform. They had their pick of financial sponsors, so we are honored they chose to work with Harvest,” said Jay Wilkins, Senior Managing Director at Harvest Partners. DCA represents the fourth proprietary healthcare deal for Harvest in the past 15 months. “The dental practice support model offers clear benefits to patients, dentists and payors. DCA is a leading platform in the dental space and we’re excited to continue building upon the Company’s track record of success,” added Ira Kleinman, Senior Managing Director at Harvest Partners.

Senior debt was arranged by Golub Capital and Ares Capital Corporation. Mezzanine debt and preferred equity financing was provided by Crescent Capital. Jefferies LLC advised Harvest. Houlihan Lokey advised the Company. Ira Kleinman, Jay Wilkins and Paige Daly will be joining the Board of Directors. Harvest Partners’ Michael Greenman and Matt LoSardo also worked on the transaction.

About DCA

DCA (www.dentalcarealliance.com) is one of the largest multi-branded dental support organizations in the U.S. The Company, founded in 1991 and headquartered in Sarasota, FL, supports a network of 157 practices across eight states in the Midwest, Mid-Atlantic and Southeast U.S. DCA affiliated practices provide a full suite of dental services, including general dentistry, hygiene, pediatric dentistry, orthodontics, endodontics, periodontics and oral surgery.

About Harvest Partners

Founded in 1981, Harvest Partners, LP (www.harvestpartners.com) is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the healthcare services, business services and consumer, industrial and energy services, and manufacturing and distribution sectors.

Contact:
For Harvest Partners, LP
Jay Wilkins
Senior Managing Director
212-599-6300

Caroline Luz
Owen Blicksilver Public Relations, Inc.
caroline@blicksilverpr.com
203-656-2829

FCX Performance, Inc. Acquires Process Control Services, Inc.

Columbus, OH

Columbus, OH-based FCX Performance, Inc. (“FCX”) announced today that it has completed the acquisition of Process Control Services, Inc. (“PCS”).

Based in Plymouth, MI, PCS provides Instrument start-up, repair, installation and calibration services; In-house Depot Repair; Turnkey PLC Programming and Control Panel Fabrication. PCS personnel are located in key FCX markets including Detroit, Cleveland, Milwaukee, Columbus and Pittsburgh. The company’s testing and calibration operations are ISO 9001-2008 and ANSI/ISO/ASQ Q9001-2008 certified, while the Plymouth lab is ISO-17025 accredited.

“We welcome the employees and customers of PCS to the FCX family”, said Charles Hale, President and CEO of FCX Performance, Inc. “We are excited to work with PCS to expand their offerings across other FCX markets.” Hale further noted that “the PCS footprint is highly complementary to multiple FCX business geographies covered by approximately 50 outside sales professionals.” Hale also mentioned that “the combination of these businesses will not result in any outside changes and the company’s names will not be changed”. Hale concluded that “PCS fits perfectly with our strategy of buying quality teams that further expand our service & solutions offerings.” “With the support of our majority investor, Harvest Partners, we fully anticipate closing additional acquisitions in FY 2015.”

About FCX Performance, Inc.

Based in Columbus, Ohio, FCX is a leading distributor of specialty process flow control products and services. The Company provides technical, mission-critical products and value-added services to more than 20,000 end users, original equipment manufacturers and engineering and construction firms across the process, oil & gas, power, high purity and municipal & commercial markets. FCX is known for its technical & application expertise as well its ability to offer a full range of products & services to its customers. Formed in 1999 and with predecessor company histories dating back to the early 1900s, the Company has grown to 34 locations serving 35 states and over 525 employees. FCX has completed 21 strategic acquisitions since inception. For more information, please www.fcxperformance.com.

Green Bancorp, Inc. and Patriot Bancshares, Inc. Announce Merger Plans, Creating a Premier Texas Banking Franchise

Creates the 15th Largest Bank Headquartered in Texas

HOUSTON, TX

Green Bancorp, Inc. (GNBC) and Patriot Bancshares, Inc. announced today they have entered into a definitive agreement and plan of merger valued at approximately $139 million based on the closing price of Green Bancorp common stock on May 26, 2015. The merger will result in a leading commercial bank specializing in serving small-to-middle market commercial clients in Houston, Dallas and Austin.

Upon completion of the merger, the combined company will have approximately $3.6 billion in assets, $2.8 billion in gross loans and $3.0 billion in deposits across 23 locations operating as Green Bank. Patriot Bancshares adds 6 locations in Houston, 2 in Dallas and 1 in Fannin County, Texas, strengthening Green Bancorp’s existing presence in the Houston and Dallas metro areas. The combined institution will be the 15th largest bank headquartered in Texas and the 7th largest Texas bank by deposits in the Houston metro area.

Green Bank Chairman, Manny Mehos, said, “We formed Green Bank in 2006 to take advantage of what we believed would be a wave of consolidation in the Texas banking industry. Our goal from the beginning was to build a $5 billion in assets bank with a geographic focus on the very attractive growth markets of Houston, Dallas-Fort Worth, and Austin. Over the last nine years, we have successfully completed and integrated five acquisitions building Green Bank into a strong middle market bank with over $2 billion in assets.”

Mr. Mehos continued, “Today, I am very pleased to announce our merger with Patriot Bancshares which marks a significant step towards the realization of our goal as well as positioning Green Bank to accelerate our strategy. This merger provides the necessary scale for Green Bank to be a significant competitor in our markets as well as an extremely attractive merger partner for future deals.”

Geoff Greenwade, President and Chief Executive Officer of Green Bank, added, “Patriot Bancshares is the perfect partner for Green Bank given their complementary branch network, similar business philosophy, and opportunity to leverage our bankers’ relationships to drive organic growth. Patriot’s management team has built a bank that fits very well with our portfolio banker model. This merger also helps to strengthen our existing presence in Houston and Dallas in addition to diversifying our loan and deposit bases.”

Don Ellis, Chairman and Chief Executive Officer of Patriot Bancshares, concluded, “Today is an important day for our bank, our employees and our shareholders as we join the Green Bank team. I believe this merger positions our combined bank to become the premier Texas franchise and believe Patriot shareholders will benefit from the long term value creation that this platform is uniquely positioned to generate.”

The combined company will continue to operate under the Green Bancorp name and its principal banking subsidiary will continue under the name Green Bank, N.A. The combined company will be led by Green Bancorp’s Manuel Mehos as Chairman and Chief Executive Officer, Geoffrey Greenwade as President, John Durie as Chief Financial Officer and Donald Perschbacher as Corporate Chief Credit Officer. Patriot Bancshares Chairman and Chief Executive Officer Don Ellis will be named Vice Chairman of Green Bancorp’s board.

The merger agreement provides that Green Bancorp will issue at the closing 10,757,273 shares of Green Bancorp common stock to Patriot Bancshares shareholders in exchange for all outstanding Patriot common shares as well as Patriot Bancshares’ $10.4 million Series D and Series F preferred stock which will be converted to Patriot common stock in advance of the closing. In addition, it is expected that Patriot Bancshares’ $27.3 million Series B and Series C TARP preferred stock (now held by private shareholders) will be redeemed in connection with the closing. The transaction is expected to generate significant earnings per share accretion from identified cost savings. Upon closing, Green Bancorp shareholders will own approximately 71% of the stock of the combined company and Patriot Bancshares shareholders will own approximately 29%.

Approvals

The transaction has been approved by the Boards of Directors of both companies, and is expected to close in the fourth quarter of 2015. The transaction is subject to approval by each company’s shareholders, as well as regulatory approval and other customary closing conditions. Certain shareholders of Green Bancorp and Patriot Bancshares have agreed to vote in favor of the transaction.

Advisors

Jefferies LLC served as financial advisor to Green Bancorp. Skadden, Arps, Slate, Meagher & Flom LLP served as Green’s legal counsel. Keefe, Bruyette & Woods, Inc. served as financial advisor to Patriot Bancshares. Harris Law Firm PC and Fenimore, Kay, Harrison & Ford, LLP served as Patriot’s legal counsel.

Conference Call

Green Bancorp will host a conference call and webcast on May 27, 2015 at 5:00 p.m. Eastern Time to discuss the transaction. The conference call can be accessed live over the phone by dialing 1-877-407-0789, or for international callers, 1-201-689-8562. A replay will be available starting at 8:00 p.m. Eastern Time on May 27, 2015 and can be accessed by dialing 1-877-870-5176, or for international callers, 1-858-384-5517. The passcode for the replay is 13611071. The replay will be available until 11:59 p.m. Eastern Time on June 3, 2015.

About Green Bancorp

Headquartered in Houston, Texas, Green Bancorp, Inc. is a bank holding company that operates Green Bank, N.A., in Houston, Dallas and Austin. Commercial-focused, Green Bank is a nationally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States. To learn more about Green Bancorp, please visit the Company’s web site at www.greenbank.com. Green Bancorp uses its web site as a channel of distribution for material Company information. Financial and other material information regarding Green Bancorp is routinely posted on the Company’s web site and is readily accessible.

About Patriot, Bancshares, Inc.

Headquartered in Houston, Texas, Patriot Bancshares, Inc. is a bank holding company that operates Patriot Bank in the Houston and Dallas metro areas and in Fannin County, Texas. To learn more about Patriot Bancshares, please visit the Company’s web site at www.patriotbankusa.com.

Forward-Looking Statements

The information presented herein and in other documents filed with or furnished to the Securities and Exchange Commission (the “SEC”), in press releases or other public shareholder communications, or in oral statements made with the approval of an authorized executive officer contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 giving Green Bancorp, Inc.’s and Patriot Bancshares, Inc.’s expectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “target,” “estimate,” “continue,” “positions,” “prospects” or “potential,” by future conditional verbs such as “will,” “would,” “should,” “could” or “may”, or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties which change over time. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements.

You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date such statements are made. These statements may relate to future financial performance, strategic plans or objectives, revenues or earnings projections, or other financial information. By their nature, these statements are subject to numerous uncertainties that could cause actual results to differ materially from those anticipated in the statements. Statements about the expected timing, completion and effects of the proposed transactions and all other statements in this release other than historical facts constitute forward-looking statements.

In addition to factors previously disclosed in Green Bancorp, Inc.’s reports filed with the SEC and those identified elsewhere in this communication, the following factors among others, could cause actual results to differ materially from forward-looking statements: ability to obtain regulatory approvals and meet other closing conditions to the merger, including approval by Green Bancorp, Inc.’s and Patriot Bancshares, Inc. ‘s shareholders, on the expected terms and schedule; delay in closing the merger; difficulties and delays in integrating the Green Bancorp, Inc. and Patriot Bancshares, Inc. businesses or fully realizing cost savings and other benefits; business disruption following the proposed transaction; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions and divestitures; economic conditions; and the impact, extent and timing of technological changes, capital management activities, and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms.

Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.

Harvest Partners Sells Driven Brands

NEW YORK, NY

Harvest Partners, a leading middle market private equity firm, announced today that it sold Driven Brands, the nation’s leading franchise automotive company, to an affiliate of Roark Capital Group (“Roark”). Jonathan Fitzpatrick, Driven Brand’s Chief Executive Officer, will continue to lead the business and the Company will remain headquartered in Charlotte, N.C.

Driven Brands manages a family of automotive companies including MAACO®, Meineke Car Care Centers®, Merlin 200,000 Mile Shops, Pro Oil Change, Econo Lube & Tune, AutoQual®, Aero-Colours® and Drive N Style®. Collectively, the brands generate annual system revenues of approximately $1 billion through 1,500 locations in 50 states and 2 countries.

“We enjoyed working closely with CEO Jonathan Fitzpatrick and the Driven Brands executive team to grow and improve this exceptional franchising platform over the course of our ownership,” said Jay Wilkins, Senior Managing Director at Harvest Partners. Ira Kleinman, Senior Managing Director at Harvest Partners, added: “We are proud of the business we were able to build in partnership with a great group of franchisees who deliver the excellent service expected of these iconic brands.” Paige Daly, Managing Director of Harvest Partners said: “We expect Driven Brands will continue to flourish as it enters a new phase of its development in partnership with Roark, a firm we respect and admire.”

About Driven Brands

The Driven Brands family of automotive companies (www.drivenbrands.com) headquartered in Charlotte, NC, serves as parent company for several businesses including: MAACO®, Meineke Car Care Centers®, Merlin 200,000 Mile Shops, Econo Lube & Tune, Pro Oil, AutoQual®, Aero-Colours® and Drive N Style®. Founded in 1972, MAACO and Meineke Car Care Centers are two of the most iconic brands in the automotive industry and have become a staple in American culture. Driven Brands has more than 1,500 centers across the U.S. and Canada, which are 100 percent owned by franchisees. Combined, all businesses generate over $1 billion in system sales.

About Harvest Partners

Founded in 1981, Harvest Partners, LP is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest Partners focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial and energy services, and manufacturing and distribution sectors. This strategy leverages Harvest Partners’ 30 plus years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com

About Roark Capital Group

Roark focuses on consumer and business service companies with a specialization in franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Since inception, Roark has acquired 42 franchise/multi-unit brands, which have generated $17 billion in annual system revenues from 20,000 locations in 50 states and 72 countries. Roark’s current brands include Anytime Fitness, Arby’s, Atkins Nutritionals, Batteries Plus Bulbs, Carl Jr.’s, Corner Bakery, FOCUS Brands (the owner of Auntie Anne’s Pretzels, Carvel Ice Cream, Cinnabon,

McAlister’s Deli, Moe’s Southwest Grill, and Schlotzsky’s), Hardee’s, Il Fornaio, Massage Envy, Miller’s Ale House, Money Mailer, Pet Valu, Primrose Schools, Waxing the City, and Wingstop. For more information please visit www.roarkcapital.com.

Contact:
For Harvest Partners, LP
Jay Wilkins
Senior Managing Director
212-599-6300

Caroline Luz
Owen Blicksilver Public Relations, Inc.
caroline@blicksilverpr.com
203-656-2829

VetCor Announces A Recapitalization Led By Harvest Partners and Cressey & Company

NEW YORK, NY

VetCor Group Holdings Corp. (“VetCor” or the “Company”) completed a recapitalization led by Harvest Partners, LP (“Harvest”), a New York-based private equity firm, and Cressey & Company, LP (“Cressey”), a Chicago-based private equity firm. Terms of the transaction were not disclosed.

VetCor is one of the largest operators of veterinary hospitals in the U.S., managing 137 veterinary hospitals across 19 states and employing over 450 veterinarians. VetCor’s hospitals provide a full range of general medical and surgical services for pets, as well as pharmacy needs and ancillary services such as boarding, grooming, and pet products. The management team of VetCor, led by CEO & President Dan Adams, will continue to lead the Company.

“Given VetCor’s success, Dan Adams and his partners at Cressey had their choice of private equity firms with whom to partner. We are both thrilled and honored that they chose Harvest for VetCor’s next chapter of growth,” said Jay Wilkins, Senior Managing Director at Harvest Partners. “VetCor is one of the few scale platforms in the highly attractive and fragmented veterinary services space. We are excited to partner with Dan and Cressey to support the Company’s consolidation strategy in this stable and growing market,” added Ira Kleinman, Senior Managing Director at Harvest Partners.

“We’ve enjoyed a terrific partnership with Dan and his team over the past five years, having built the business into a quality-focused platform in a consolidating space. Harvest provides great insight and expertise in multi-site businesses, and we are excited to partner with them to support the continued growth of VetCor,” said Merrick Axel, Partner at Cressey.

“Harvest and Cressey support our commitment to providing high-quality medicine to companion animals and outstanding service to customers,” Mr. Adams said. “We are excited about the opportunities ahead in our market and in working with these exceptional partner firms to support our continued growth.”

Jefferies LLC acted as exclusive financial advisor to VetCor. Senior debt was arranged by Golub Capital. White & Case LLP acted as legal advisor to Harvest Partners. Ropes & Gray LLP acted as legal advisor to Cressey. Harvest Partners’ Stephen Carlson, James Mitchel and Matt LoSardo also worked on the transaction.

About VetCor

VetCor (www.vetcor.com), founded in 1997 and headquartered in Hingham, MA, owns and operates a national family of 137 veterinary hospitals employing approximately 2,400 veterinarians and supporting staff members. VetCor hospitals provide a full range of general medical and surgical services for pets, as well as pharmacy needs and ancillary services such as boarding, grooming, and pet products. The Company has distinguished itself by promoting the local identity of each hospital, offering a family friendly work environment, providing management, training and administrative support to its hospitals, and relying on the veterinarians of each hospital to manage their medical direction.

About Harvest Partners

Founded in 1981, Harvest Partners, LP (www.harvestpartners.com) is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial and energy services, and manufacturing and industrial sectors.

About Cressey & Company

Based in Chicago, IL and Nashville, TN, Cressey & Company (“Cressey & Company”) is a private investment firm focused on building leading healthcare provider, service and information technology businesses. With a history spanning nearly 35 years, the Cressey & Company team is one of the most experienced and successful in the healthcare private equity field. More information about Cressey & Company is available at http://www.cresseyco.com.

Contact:
For Harvest Partners, LP
Jay Wilkins
Senior Managing Director
212-599-6300

For Cressey & Company, LP
Merrick Axel
Partner
312-945-5717

Caroline Luz
Owen Blicksilver Public Relations, Inc.
caroline@blicksilverpr.com
203-656-2829

Harvest Partners Announces Opening of West Coast Office

PALO ALTO, CA

Harvest Partners, a leading New York-based middle market private equity firm, today announced the opening of its Palo Alto office as part of an overall strategy to increase its investment activity and relationships across the western United States with intermediaries, executives and limited partners.

Founded in 1981, Harvest Partners currently manages approximately $2 billion of equity and structured capital. The Firm is currently investing its sixth private equity fund which targets leading middle market businesses in North America. In addition, Harvest Partners recently announced the formation of Harvest Partners SCF, LP (“HP SCF”) a private investment advisor that provides structured equity and junior debt solutions to business owners. Harvest’s various investment funds target investments in companies with $20-$75 million of EBITDA and total value of $100-$750 million.

Andrew Schoenthal, Managing Director, who joined Harvest Partners nearly 10 years ago, will spearhead the Firm’s West Coast expansion. Andrew brings twenty years of middle market private equity and mergers & acquisitions experience having previously worked at Charlesbank Capital Partners, JH Whitney and Morgan Stanley between 1995 and 2005.

Commenting on the West Coast office, Thomas Arenz, Senior Managing Director at Harvest Partners said, “We are excited to have the opportunity to expand our business and geographic reach. Andy is a great ambassador for the Firm and one of our most trusted and commercial colleagues.”

Harvest Partner’s investment strategy on the West Coast will remain unchanged – focused on management-led buyouts and recapitalizations of established, cash generating, and well-managed middle market companies in 4 core verticals: Industrial & Energy Services, Manufacturing & Distribution, Consumer & Business Services, and Healthcare Services.

Arenz added, “Harvest Partners has created a long track record of successful investments in the middle market. We believe a West Coast presence will further enhance our ability to connect with executives and business owners with whom we partner.”

Harvest Partners is a leading private equity firm with approximately $2 billion of capital under management. For more information on Harvest Partners, please visit our website at www.harvestpartners.com

Contact:
Thomas Arenz, Senior Managing Director
Harvest Partners, LP
(212) 599-6300

TruckPro, LLC Acquires Lakewood Truck & Trailer Parts

TruckPro Expands its Midwestern U.S. Footprint of Heavy Duty Truck & Trailer Parts

MEMPHIS, TN

TruckPro, LLC (“TruckPro”), a leading distributor of heavy-duty truck and trailer products, announced today it has completed the purchase of Lakewood Truck & Trailer Parts (“Lakewood”). Based in Wixom, Michigan and serving the greater Detroit metropolitan market, Lakewood is one of the industry’s leading independent distributors of heavy-duty truck, trailer and equipment products.

Steve Riordan, TruckPro’s Chairman and Chief Executive Officer, commented, “The acquisition of Lakewood expands TruckPro’s footprint into the Michigan marketplace while also strengthening the product offerings that we can provide our local and national account customers in the region. The addition of Lakewood to the TruckPro family also adds to our network of more than 140 locations in the United States and Canada”.

David Roper, TruckPro’s Vice-President, U.S. Retail Stores East, stated, “This is an exciting time to be part of the TruckPro team. We are thrilled to be able to add a great business that will bring additional value to our local and national customers in the Great Lakes Region. Lakewood is well established and has a great reputation in the southeastern Michigan market and our customers will definitely benefit from this merger”.

Ray Olsen, Lakewood’s co-founder, commented, “We are very excited to be joining forces with TruckPro, one of the industry’s most powerful distributors. We feel this merger is going to help strengthen and expand our customer service capabilities within our market. Lakewood customers will also benefit from having access to additional inventory and a large distribution network.” Ray and all the Lakewood associates will remain with TruckPro and Ray will be an investor in the combined business.

About TruckPro, LLC

Founded in 1952, TruckPro, LLC is a leading distributor of heavy-duty truck & trailer products, and advanced repair services. Through a distribution network of more than 140 retail stores and advanced service shops, TruckPro delivers a comprehensive range of products to support commercial and government customer requirements in the areas of brake systems, electrical, engines, gear & drivetrain, and more. TruckPro is recognized for delivering measurable value and outstanding support to its customers and suppliers alike. Vast application expertise makes TruckPro an unbiased knowledge resource for product information, documentation and training. For more information on TruckPro please visit www.truckpro.com

Contact:
Howard Fox
Director of Marketing, TruckPro, LLC
(901) 252-4250
howard.fox@truckpro.com

CCC Parts Company Acquires TOR Truck Corporation

CCC Parts Expands its U.S. and Canadian Wholesale Operation of Heavy Duty Truck Parts

MEMPHIS, TN

CCC Parts Company (“CCC”), a leading wholesale distributor of heavy-duty truck parts and components, announced today it has completed the purchase of TOR Truck Corporation (“TOR”). TOR is a recognized leader in the wholesale distribution segment, specializing in providing drivetrain solutions and components to remanufacturers and wholesale customers. TOR provides new and remanufactured OEM parts to serve a wide variety of industries, such as the construction, over the road, mining, logging, airport maintenance and material handling sectors.

The experience of the CCC Parts and TOR sales and operations teams, coupled with additional inventory and infrastructure, makes the combination of the two a dominant force in the heavy duty drivetrain marketplace. The two organizations share the same culture of providing world-class customer service, respecting our core supplier partners and treating our associates like family.

With U.S. and Canadian operations and distribution centers in Mechanicsburg, Pennsylvania; Kansas City, Missouri; Mississauga (Toronto), Ontario and Edmonton, Alberta, this combination complements and expands CCC’s existing service and support capabilities in the U.S. and Canada (Pacific Truck and Canada Powertrain), while also accelerating our growth into new end markets and geographies. The addition of TOR to the CCC family of companies expands the number of wholesale operations and product distribution centers within the U.S. and Canada.

“I’m excited about the future prospects as we welcome TOR to our growing wholesale business. This now positions us as the leading independent wholesale provider of drivetrain solutions and components in North America,” states Mike Zakutny, Senior Vice-President, Wholesale/CCC. “TOR is a well-recognized name in the market with a rich history, and customers will benefit greatly from this merger with substantial service enhancements.”

As part of this acquisition, the TOR name will continue in the marketplace, and the TOR management team, led by Paul Dalton, US Sales Manager; Cindy Junker, US Operations Manager and Don Johansen, GM Canada, will continue to operate as TOR with the added resources from the CCC wholesale team.

“This is a very exciting time for TOR and our customers.” says Pierre Bernard, Chairman, RPM Tech Inc. “We recognize that it’s very important to overachieve, especially in the wholesale business where customers rely on you to sustain and grow their businesses. This merger places a strong emphasis on broader product lines, additional inventory and a stronger distribution network for our customers, which will continue to be supported by the same staff they have grown to depend on for that past 40 years. Tor Truck manufacturing operations will be carried forward by RPM Tech Inc. (the former parent company of Tor Truck Corporation) under the same trade name, Tor.”

About CCC Parts Company

CCC Parts Company is a leading wholesale distributor in North America of heavy-duty truck & trailer products. Through a network of product distribution centers in the United States and Canada, CCC Parts delivers a comprehensive range of drivetrain solutions to support remanufacturers and wholesale distributors in the construction, over the road, mining, logging, airport maintenance and material handling sectors. Distributed products include gear & drivetrain parts and components, brake systems, electrical, engines and more. The CCC Parts Company is recognized for delivering measurable value and outstanding support to its customers and suppliers alike. Vast application expertise makes CCC Parts a business partner for profitable growth of small, medium and large enterprises.

Contact:
Howard Fox
Director of Marketing
(901) 252-4250
howard.fox@cccparts.com

Harvest Partners Announces the Formation of Harvest Partners SCF, LP

NEW YORK, NY

Harvest Partners, LP (“Harvest”), a New York-based private equity investment firm, announced the formation of Harvest Partners SCF, LP (“HP SCF”), a private investment advisor that provides structured equity and junior debt solutions to business owners.

HP SCF intends to target investments with private equity-like returns while assuming the risks more characteristic of debt investments. HP SCF will endeavor to achieve protection of principal by:

  • Investing in high quality companies that meet HP SCF’s specific investment criteria
  • Structuring investments to be senior in liquidation preference to a significant amount of underlying enterprise value
  • Obtaining rights, controls and protective covenants that HP SCF believes will further enhance the safety of the principal invested

For business owners and entrepreneurs who need equity capital, HP SCF can provide flexible equity solutions and all of the resources and expertise of a private equity firm. Unlike traditional private equity, HP SCF allows entrepreneurs to retain control of their business.

Simultaneous with the formation of HP SCF, Jay Hegenbart was named to Senior Managing Director, Portfolio Manager – HP SCF. Previously, Mr. Hegenbart was a Managing Director at Harvest. In addition, HP SCF hired Steve Duke as a Principal. Prior to joining HP SCF, Mr. Duke was a Principal with CCMP Capital, where he completed private equity transactions in the healthcare, consumer/retail and energy industries.

Michael DeFlorio, a Senior Managing Director of Harvest Partners commented, “We are very excited to launch HP SCF. This vehicle leverages Harvest’s 33+ year history of making successful investments in partnership with world class management teams. HP SCF is our first expansion outside of traditional control oriented investments, and it is a natural extension of our core capabilities.”

Mr. Hegenbart commented, “The vision for HP SCF was built on serving the demands of entrepreneurs and business owners who need equity capital, but believe in the upside of their business and do not wish to dilute or sell their ownership.”

“We believe that the market for the kind of flexible equity capital solutions that HP SCF can provide is underserved, creating attractive risk/return characteristics. HP SCF is uniquely qualified to partner with management teams given the traditional private equity resources that we bring to the table as well as our customized approach,” said Mr. Duke.

HP SCF targets investments in the middle market with the following characteristics:

Revenue $100 million – $750 million
Enterprise Value $100 million – $750 million
Investment Size $20 million – $75 million
Industries
  • Industrial & Energy Services
  • Manufacturing & Distribution
  • Business Services & Consume
  • Healthcare Services

To date, HP SCF has completed three investments totaling approximately $60 million. These investments include structured equity investments in Packers Holdings, Athletico Physical Therapy and AxelaCare Holdings.

About Harvest Partners SCF

Founded in 2014, Harvest Partners SCF, LP is a New York-based private investment firm targeting investments with private equity-like returns while assuming the risks more characteristic of debt. This strategy leverages Harvest’s 33+ years of experience of investing in organic and acquisition-oriented growth companies.

About Harvest Partners

Founded in 1981, Harvest Partners, LP (www.harvestpartners.com) is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the industrial and energy services, manufacturing and distribution, consumer & business services and healthcare services sectors. This strategy leverages Harvest’s 33+ years of experience of investing in organic and acquisition-oriented growth companies.

This announcement appears as a matter of record only. This does not constitute an offer to sell or a solicitation of an offer to purchase an interest in any current or future Harvest fund.

Contact:
Jay Hegenbart
Senior Managing Director, Harvest Partners SCF
212-599-6300
jh@harvestpartners.com

Mike DeFlorio
Senior Managing Director, Harvest Partners
212-599-6300
mdeflorio@harvestpartners.com

Caroline Luz
Owen Blicksilver Public Relations
203-656-2829
caroline@blicksilverpr.com

J. W. Childs Associates Acquires Cycle Gear

BOSTON, MA

J.W. Childs Associates, L.P., an established private equity firm specializing in leveraged buyouts and recapitalizations of middle-market growth companies, today announced it has acquired a majority interest in Cycle Gear, Inc., a leading provider of motorcycle apparel, parts and accessories, from Harvest Partners, LP. Financial terms of the investment were not disclosed.

Concurrent with this transaction, William E. Watts, a Partner at J.W. Childs, will assume the role of Chairman of Cycle Gear. David Bertram, Cycle Gear’s Founding Chairman, will retire from day-to-day executive management of the company but will remain on the Board of Directors. Peter Laughton, a long-time Director of Cycle Gear and industry veteran, will also remain on the Board. Tracy Wan, a seasoned specialty retail executive who joined Cycle Gear in 2009 as Chief Operating Officer, is being promoted to President and joining the Board of Directors. Tracy will assume executive leadership of the business.

“Partnering with an experienced investment firm like J.W. Childs is a logical next step in the evolution of Cycle Gear,” said Mr. Bertram. “I’m confident that under their stewardship we will accelerate the company’s growth. It’s been an honor working with an incredible team of passionate motorcyclists and retail professionals to grow Cycle Gear into a dominant force in the motorcycle industry. I look forward to my continued participation on the Board of Directors.”

Also in connection with the acquisition by J.W. Childs, Joseph Fortunato, a long-time specialty retail executive and CEO of GNC from 2005 to 2014 will join the Board as Lead Director and consultant.

“Tracy has played a key role in Cycle Gear’s recent success and I look forward to working directly with her and the senior management team to further extend the Company’s leadership position,” said Mr. Fortunato. “Having led GNC through dramatic growth as both a private equity-owned and public company, I’m excited and confident about Cycle Gear’s potential.”

“Cycle Gear has the leading omni-channel footprint in the motorcycle accessories category and we see significant market opportunity for the company,” said Mr. Watts. “This investment is a perfect fit with J.W. Childs’ long-term strategy of investing in leading specialty retailers and we look forward to helping guide this next phase of Cycle Gear’s growth. We are delighted Dave and Peter are remaining on the Board and thrilled that Joe will make his substantial experience available to Cycle Gear as we look to create meaningful value.”

Kaye Scholer LLP provided legal counsel to J.W. Childs. White & Case LLP provided legal counsel and Piper Jaffray and Financo served as financial advisors to Cycle Gear.

About Cycle Gear, Inc.

Founded in 1974, Cycle Gear is the only omni-channel national retailer dedicated to motorsports riders and enthusiasts. The company operates 112 stores in 34 states, has a significant and growing online business, and distributes more than 13 million catalogs annually. Cycle Gear is known for a differentiated store experience, with retail locations designed for and staffed by motorcycle enthusiasts, and is highly engaged with its customer base, sponsoring more than 1,000 bike nights and over 150 events and community rides annually. Cycle Gear is headquartered in Benicia, California. For more information, visit www.cyclegear.com.

About J.W. Childs Associates, L.P.

J.W. Childs is a Boston-based private equity firm focused on investing in middle-market growth companies. Since inception in 1995, J.W. Childs has invested $3 billion of equity capital in more than 40 best-in-class companies across the consumer, specialty retail and healthcare industries. The firm’s success has been built on its industry focus and the extensive operating expertise of its partners. For more information, please visit www.jwchilds.com.

About Harvest Partners

Founded in 1981, Harvest Partners, LP is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the industrial and energy services, manufacturing and distribution, consumer and business services, and healthcare services sectors. This strategy leverages Harvest’s 30 plus years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Contact:
Philip Nunes
BackBay Communications
617-556-9982, x227
phil.nunes@backbaycommunications.com

Harvest Partners Announces New Senior Managing Director

NEW YORK, NY

Harvest Partners LP (“Harvest Partners”) is pleased to announce the election of Jay Wilkins to Senior Managing Director of the firm. Previously a Managing Director, Mr. Wilkins joins the four current Senior Managing Directors of Harvest Partners in managing the firm and its affiliated investment funds.

Mr. Wilkins joined Harvest Partners in 2010 from DLJ Merchant Banking Partners. He is a cum laude graduate of Vanderbilt University. Mr. Wilkins serves on the boards of Insight Global, PSSI, Driven Brands, AxelaCare, and Athletico, and he devotes the majority of his time to business services and healthcare investments. He is a resident of New York, NY and also serves on the board of trustees of The Haverford School.

Of the new appointment, Tom Arenz, Senior Managing Director of Harvest Partners, said, “Jay has been instrumental in helping us create attractive new investments and in actively working with our portfolio companies to help them grow and prosper. His promotion reflects the great confidence we have in his abilities and the depth of talent we see in our next generation of Harvest Partners leaders.”

About Harvest Partners

Founded in 1981, Harvest Partners, LP (www.harvestpartners.com) is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the business services, industrial services, manufacturing and distribution, healthcare services, and the consumer sectors. This strategy leverages Harvest’s 34 years of experience in financing organic and acquisition-oriented growth companies.

Contact
Tom Arenz
Harvest Partners
212-599-6300

Caroline Luz
Owen Blicksilver Public Relations
203-656-2829

PSSI Announces A Recapitalization Led By Leonard Green & Partners

KIELER, WI

Packers Holdings, LLC (“PSSI” or the “Company”) announced today the completion of a recapitalization of the Company by Harvest Partners, LP (“Harvest”), a New York-based private equity firm, and Leonard Green & Partners, L.P. (“Leonard Green”), a Los Angeles-based private equity firm, in partnership with the Company’s management team. Terms of the transaction were not disclosed.

PSSI is North America’s largest and only nationwide provider of critical outsourced cleaning and sanitation services to the food processing industry. Formed in 1972, PSSI services approximately 470 plants across the U.S. and Canada. Customers rely on the Company’s approximately 15,000 employees to perform nondiscretionary cleaning and sanitation services required to operate plants, as well as to manage compliance with ever increasing food safety standards. PSSI proactively works with its customers to improve plant cleanliness, adhere to rigorous food preparation regulations, optimize plant performance, minimize downtime and improve safety standards. The management team of PSSI, including CEO Jeff Kaiser and President Dale Kaiser, will continue to lead the Company.

“PSSI is the clear leader in its market, combining an accomplished management team, an exceptional track record and significant opportunities for continued growth,” said John Danhakl, Managing Partner at Leonard Green. “We are excited to partner with Jeff and Dale Kaiser and Harvest in supporting the next phase of the Company’s growth.”

“PSSI provides a mission-critical service to its customers in the attractive food processing market,” said Jay Wilkins, Managing Director at Harvest. “Outsourcing cleaning and sanitation to reliable, highly-specialized third parties will continue as regulators and the public increasingly focus on the safety of the nation’s food supply and demand the highest standards.” Steve Eisenstein, Senior Managing Director at Harvest, added, “PSSI is well-positioned to benefit from these favorable market tailwinds.We look forward to partnering with Leonard Green and continuing our partnership with management as they build upon PSSI’s history of 25 consecutive years of uninterrupted growth.”

“With the growth opportunities ahead in our business, this is an opportunity to take the next step forward and further our position as the market leader in outsourced services to the food processing industry,” said Jeff Kaiser, CEO at PSSI. “We look forward to working with our new partners at Leonard Green and furthering our relationship with Harvest as we continue to provide exceptional service and value to our customers.”

Harris Williams & Co. and Moelis& Company, LLC acted as financial advisors to PSSI. Committed debt financing for the transaction was provided by Morgan Stanley Senior Funding, Inc., General Electric Capital Corporation and Crescent Mezzanine. White & Case LLP acted as legal advisor to Harvest. Latham & Watkins LLP acted as legal advisor to Leonard Green.

About PSSI

PSSI, headquartered in Kieler, WI, is North America’s largest and only nationwide provider of mission-critical outsourced cleaning and sanitation services to the growing food processing industry. Through its highly trained workforce, PSSI provides cleaning and sanitation services that allow for the efficient and safe daily operation of food processing facilities. PSSI has been the market leader in North America for nearly 40 years and has established long-term relationships with the nation’s leading food processors across approximately 470 served locations. These customers rely on the Company’s base of nearly 15,000 employees to perform nondiscretionary cleaning and sanitation services, as well as to manage compliance with ever increasing food safety standards.

About Leonard Green

Leonard Green is one of the nation’s preeminent private equity firms with over $15 billion of private equity capital raised since inception. Founded in 1989, the firm has invested in 71 companies in the form of traditional buyouts, going-private transactions, recapitalizations, growth capital investments, corporate carve-outs and selective public equity and debt positions. Based in Los Angeles, CA, Leonard Green invests in established companies that are leaders in their markets. For more information, please visit www.leonardgreen.com.

About Harvest Partners

Founded in 1981, Harvest Partners, LP is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the industrial and energy services, manufacturing and distribution, consumer and business services, and healthcare services sectors. This strategy leverages Harvest’s 30 plus years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Contacts:
For PSSI
Dale Kaiser
President
dkaiser@pssi.co
608-568-3413

For Leonard Green & Partners, L.P.
Erika Spitzer
Investor Relations
espitzer@leonardgreen.com
310-954-0451

For Harvest Partners, LP
Jay Wilkins
Managing Director
jw@harvestpartners.com
212-599-6300

Caroline Luz
Owen Blicksilver Public Relations, Inc.
caroline@blicksilverpr.com
203-656-2829

Athletico Physical Therapy and Accelerated Rehabilitation Centers Combine Forces

Acquisition Strengthens Commitment To Patient Care And Service

OAK BROOK, IL

Athletico Physical Therapy has acquired Accelerated Rehabilitation Centers from OMERS Private Equity, creating one of the largest physical therapy providers in the Midwest with over 330 locations in eight states.

“Our partnership with Accelerated creates a stronger operation and even higher level of service for our patients, said Mark Kaufman, Athletico founder and CEO. It also allows us to further invest in our core areas of business including patient care and employee training, as well as helps us better serve physicians, payers, affiliates, business partners, vendors and other key partners.”

“This is a landmark transaction in our industry, one that greatly advances our company’s growth strategy,” said Joseph Giles, Athletico vice president of strategy and corporate development. “We’re all very excited to realize the opportunities created through integrating our two companies.”

The agreement was announced November 6 and the transaction closed December 2.

“Athletico and Accelerated can now combine the best practices of both companies complementing each other’s strengths,” said Eric Warner, CEO of Accelerated. “We remain committed to our common values and patient-centered approach to physical therapy as we expand the services we offer.”

The acquisition includes Accelerated and all its brands, including ProRehab and Newsome Physical Therapy. Athletico’s CEO and President Mark Kaufman leads the combined company which will continue to have its headquarters in Oak Brook, Ill.

“We’re proud to support and provide the resources for Athletico to make a greater investment and further their commitment to patient care and clinical programs“, said Ira Kleinman, Harvest Partners, LP. “We have been following the progress of Accelerated for years, and we are thrilled to be able to combine these great platforms,” said Jay Wilkins, Harvest Partners LP. Athletico is a Harvest Partners portfolio company.

Jefferies LLC served as financial advisor to Accelerated in connection with the transaction.

About Athletico

Athletico Physical Therapy provides the highest quality orthopedic rehabilitation services to communities and organizations, with 88 locations throughout Illinois, Wisconsin and Indiana. To demonstrate our commitment to both our patients and referring physicians, we measure functional patient outcomes and patient satisfaction with national data comparison using a third-party outcomes system. Our services include physical and occupational/hand therapy, work rehabilitation, women’s health therapy, pediatric physical therapy, concussion management and athletic training. For more information, please visit www.athletico.com.

About Accelerated Rehabilitation Centers

Chicago-based Accelerated Rehabilitation Centers is a premier provider of outpatient rehabilitation services. Since 1989, Accelerated has grown to over 230 outpatient rehabilitation centers in Illinois, Indiana, Iowa, Michigan, Missouri, Wisconsin, Ohio and Arizona, becoming the top choice for many professional athletes, large employers and busy professionals.

About Harvest Partners

Founded in 1981, Harvest Partners, LP is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the industrial and energy services, manufacturing and distribution, consumer and business services, and healthcare services sectors. This strategy leverages Harvest’s 30 plus years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Contact
Carol Czaplicki, Director of Marketing
cczaplicki@athletico.com
630-575-6220

AxelaCare Health Solutions Acquires Advanced Care of New York

Expands Its Home Infusion Provider Network

LENEXA, KS

AxelaCare Health Solutions, www.axelacare.com, a leading provider of specialty home infusion services, announced today that it has acquired Advanced Care, a New York based home intravenous therapy provider. Terms of the transaction were not disclosed.

The acquisition increases the numbers of AxelaCare’s intravenous solutions pharmacies to 18 nationwide and expands AxelaCare’s national home IV therapy network into the New York-New Jersey metro area. AxelaCare has been growing in excess of 40 percent annually since its inception in 2008.

Acute home infusion covers a broad spectrum of therapies for patients discharged from hospitals and receiving infusion therapy at home. These include intravenous antibiotics, hydration, antiemetic, nutrition, inotropes, and other acute and chronic therapies delivered intravenously under a nurse’s care. Increasing use of these therapies shortens hospital stays, saves healthcare dollars, and improves recovery, while avoiding costly hospital readmissions. Local pharmacies’ ability to offer home infusion services increases responsiveness to acute infusion service needs and broadens market coverage for national managed care accounts.

“We are excited that Advanced Care, a regional industry leader in home infusion, is joining us in building a best-in-class, truly national home infusion company,” said Ted Kramm, Chief Executive Officer, AxelaCare. “Their clinical expertise in acute infusion, excellent market coverage in the New York metro area, and ability to implement AxelaCare’s platform to provide innovative patient outcomes technology, CareExchange®, makes Advanced Care the ideal partner for New York.”

“Advanced Care has been called the home infusion jewel of New York State, evidenced by our 25 year history of providing the finest care possible for our patients, with pharmacy and nursing offices throughout the state,” said Advanced Care Founder and Chief Executive Officer Stuart Gittleman. “We are pleased to be joining AxelaCare. Both companies have been built on a model of putting patient care first. That philosophy will continue as we build a world class home infusion company.”

“AxelaCare continues to make strategic acquisitions to grow its unique platform in the healthcare sector and has shown impressive market growth with its efficient, scalable model that should expand as a larger share of the population seeks access to vital home infusion services,” said Jay Wilkins, Managing Director at Harvest Partners, LP. AxelaCare is a Harvest portfolio company.

About AxelaCare Health Solutions

Based in Lenexa, Kansas, AxelaCare is a leading provider of home infusion therapies. Founded by a nurse and pharmacist team and focused on patient care first, AxelaCare is the market leader in supporting outcomes research for immune therapy and has created the industry’s first electronic patient outcomes assessment technology, CareExchange®. AxelaCare has experienced tremendous growth, added top-flight management and employee teams in nursing, patient advocacy, pharmacy, sales and customer service. AxelaCare is also actively acquiring regional and local infusion pharmacies to grow its local market presence and deploy CareExchange® nationwide.

About Advanced Care

Founded in 1989, Advanced Care™ enjoys a reputation of providing its patients with exceptional home infusion services. Advanced Care provides discreet, full service home infusion care that includes infusion pharmacy and licensed nursing agency for home visits, available for NYC, NJ Metro Area, Long Island and Upstate NY, with local offices on Long Island, Syracuse and Albany.

About Harvest Partners:

Founded in 1981, Harvest Partners, LP is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the industrial and energy services, manufacturing and distribution, consumer and business services, and healthcare services sectors. This strategy leverages Harvest’s over 30 years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Contact
Katie Lyndon, Principal
klyndon@harvestpartners.com
212-599-6300

TruckPro, LLC Acquires Palm Beach Spring Company

TruckPro Expands its Florida Footprint of Heavy Duty Truck & Trailer Parts, Service

MEMPHIS, TN

TruckPro, LLC (“TruckPro”), a leading distributor of heavy-duty truck and trailer products and advanced repair services, announced today it has completed the purchase of Palm Beach Spring Company (“PBSC”). Based in West Palm Beach, Florida and founded in 1956, PBSC is one of the industry’s leading independent distributors of heavy-duty truck and trailer products and advanced repair services. The acquisition expands TruckPro’s Florida footprint of retail and service shops to six locations, while strengthening the product and advanced service offerings in the region. The addition of PBSC to the TruckPro family adds to its network of more than 150 locations in the United States and Canada.

“I am excited about the future prospects as we bring our two high-performing businesses together. Palm Beach Spring is a well-recognized name in the market and its customers will benefit greatly from this merger with substantial service enhancements,” states Steve Riordan, Chairman and CEO of TruckPro, LLC.

PBSC’s Marc Gold will continue as store manager and will operate his business as he has in the past with all its associates. As part of this transaction, Marc will also have an ownership interest in TruckPro. “It’s remarkable how similar our two companies are in terms of culture, business philosophy and providing superior service to our valued customers”, explains Marc. “We both place a strong emphasis on associate and supplier relationships that translates into how we support our customers.” He adds, “Our customers will benefit from having access to broader product lines, additional inventory and a strong distribution network – supported by the same staff they’ve grown to depend on for several years. This is a very exciting time for us”.

About TruckPro, LLC

Founded in 1952, TruckPro, LLC is a leading distributor of heavy-duty truck & trailer products, and advanced repair services. Through a distribution network of more than 150 retail stores and advanced service shops, TruckPro delivers a comprehensive range of products to support commercial and government customer requirements in the areas of brake systems, electrical, engines, gear & drivetrain, and more. TruckPro is recognized for delivering measurable value and outstanding support to its customers and suppliers alike. Vast application expertise makes TruckPro an unbiased knowledge resource for product information, documentation and training. For more information on TruckPro please visit www.truckpro.com

Contact
Howard Fox
Director of Marketing TruckPro, LLC
howard.fox@truckpro.com
901-252-4250

DTI Announces An Investment By Omers Private Equity

ATLANTA, GA

DTI, the largest private U.S. provider of legal process outsourcing (“LPO”) and managed services,closed today an investment by OMERS Private Equity (“OPE”), the private equity arm of OMERS. No terms were disclosed.

“We are excited to build upon our strong momentum as the leading provider of LPO services. We are looking forward to our partnership with OPE as their large capital base and long-term investment approach make them an ideal partner for DTI,” said John Davenport, Founder and CEO of DTI.

Since its founding in 1998, DTI has grown to be the largest private U.S. provider of LPO and managed services with 29 offices in the leading U.S. markets and a presence in nearly70 cities across the nation, serving Fortune 500 Corporations and top national law firms. Since its founding, DTI has demonstrated strong organic growth, which has been supplemented by nine strategic acquisitions since 2008.

“We believe DTI is the clear leader in the LPO market and we are excited to partner with John Davenport and his team. DTI is a great addition to our growing business services portfolio in North America,” says Michael Graham, Country Head USA and Co-Head North America for OPE.

Ira Kleinman, Senior Managing Director at Harvest Partners said “We appreciate the effort by the DTI team since our investment in 2011 and thank them for a great partnership over the past three years. Andrew Schoenthal, Managing Director at Harvest Partners,added,“DTI methodically executed the organic growth and tuck-in acquisition strategy we jointly developed. The business is well positioned for continued strong growth and market share gains in this multi-billion dollar LPO industry.

About DTI

Headquartered in Atlanta, GA, DTI is the #1 private U.S. provider of legal process outsourcing (“LPO”) and managed services. DTI serves 3,000+ clients, including Fortune 500 corporations and top national law firms through a technology-enabled, fully integrated solution offering that includes legal, compliance and professional LPO services. For corporations, DTI provides legal support functions such as electronic discovery, managed review, legal research, contract review and risk and compliance services. For law firms, the Company’s services include computer forensics, data acquisition, electronic discovery, managed review and a variety of middle and back office support functions. DTI’s service offerings deliver significant value through cost reductions, increased efficiency and improved outcomes.

About OMERS Private Equity and OMERS

OMERS Private Equity manages the private equity activities of OMERS and has over CAD$7 billion of investments under management. OPE is headquartered in Toronto, Canada, with offices in London and New York. For further information visit: www.omers.com. OMERS is one of Canada’s largest pension funds with over CAD$65 billion in net assets. It provides first-class pension administration and innovative products and services to over 440,000 members. Approximately one in every 20 employees working in the province of Ontario is an OMERS member. Through the OMERS Worldwide brand, OMERS uses a direct drive, active investment strategy to invest in public and private market assets, including publicly-traded equities, fixed-income, infrastructure, private equity and real estate.For more information, please visit www.omers.com, or www.omersworldwide.com.

About Harvest Partners:

Founded in 1981, Harvest Partners, LP is a leading New York-based private equity investment firm pursuing management buyouts and recapitalizations of middle market companies in North America. Harvest focuses on acquiring profitable companies in the industrial and energy services, manufacturing and distribution, consumer and business services, and healthcare services sectors. This strategy leverages Harvest’s over 30 years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit www.harvestpartners.com.

Contact
For DTI
Chris Henderson
CFO
chenderson@dtiglobal.com
770-390-2704

For OMERS Private Equity
Neil Hrab
nhrab@omers.com
416-369-2418

For Harvest Partners, LP
Andrew Schoenthal
Managing Director
aschoenthal@harvestpartners.com
212-599-6300

Katie Lyndon
Principal
klyndon@harvestpartners.com
212-599-6300

FCX Performance, Inc. Acquires Corrosion Fluid Products

COLUMBUS, OH

Ohio-based FCX Performance, Inc. (“FCX”), a leading distributor of process flow control products and value-added services, announced today that it has completed the acquisition of Corrosion Fluid Products, Corp. (“CFP”). Based in Farmington Hills, MI, CFP is a regional distributor of pumps, valves, FRP fiberglass and specialty lined pipe, hose & fittings to the process markets from 8 branch distribution centers located across the Midwest.

“We are excited to welcome the dedicated employees, customers and vendors of Corrosion Fluid Products to FCX Performance”, said Charles D. Hale, President of FCX Performance, Inc. “Joe Andronaco and his staff have built a quality organization that is well-recognized by customers and vendors alike. By combining the strengths of FCX and CFP, FCX Performance will be the leading supplier of highly-technical, mission critical flow control products to the Midwestern markets jointly served by both companies.”

The combination of FCX and CFP’s strong vendor relationships; over 400 highly-trained sales, technical support and service & repair professionals; broad flow/fluid control product offering; complete lifecycle service offering; 33 sales & distribution locations and strategically located inventory, make FCX a formidable competitor in the flow control distribution market. Hale further added “that the two companies have very similar cultures that emphasize customer service, vendor relationships and a focus on providing long-term, career growth opportunities for our associates.”

About FCX Performance, Inc.

Based in Columbus, Ohio, FCX is a leading distributor of specialty process flow control products and services. The Company provides technical, mission-critical products and value-added services to more than 20,000 end users, original equipment manufacturers and engineering and construction firms across the process, oil & gas, power, high purity and municipal & commercial markets. FCX is known for its technical & application expertise as well its ability to offer a full range of products & services to its customers. Formed in 1999 and with predecessor company histories dating back to the early 1900s, the Company has grown to 33 locations serving 35 states and over 525 employees. FCX has completed 16 strategic acquisitions since inception, including 4 transactions completed since December 2012. For more information, please visit www.fcxperformance.com.