A&M CAPITAL PARTNERS | 01.04.24

Talus Pay Acquires Jobox.Ai And Clarus Merchant Services

(MENAFN- Caribbean News Global) Acquisitions Provide Fintech Software and Integrated B2B Capabilities to Accelerate Growth

DALLAS–(BUSINESS WIRE)–#B2B -Talus Pay , a fast-growing technology-driven provider of payment processing solutions for small and mid-sized merchants, is pleased to announce it has acquired Jobox (“Jobox”), a fintech company servicing the home services industry, and Clarus Merchant Services (“Clarus”), a leading provider of integrated B2B payment solutions. In combination with Jobox and Clarus, Talus Pay now processes more than $9 billion in annual payments volume for over 22,000 merchant customers across the United States. The company is well positioned to drive growth within the home and facility services verticals while scaling the Jobox technology to serve other core industry verticals including auto repair, beauty, hospitality, non-profit, and service retail, among others. Talus Pay is a portfolio company of A&M Capital Partners (“AMCP”). Financial terms were not disclosed.

“We are excited to welcome both Jobox and Clarus to the Talus Pay team,” said Talus Pay CEO Kim Fitzsimmons.“We have tremendous end-to-end technology infrastructure and sales and service platforms,” added Fitzsimmons.“Adding Jobox and Clarus gives us additional proprietary software and scale in complementary business-to-business industry verticals.”

“We are pleased to support Talus Pay’s vision of technology enabled growth,” said Alex Sacripanti, Principal at AMCP.“Jobox and Clarus exemplify our commitment to partner with entrepreneurs that align with Talus Pay’s values and vertically integrated approach to delivering payment processing solutions.”

Jobox puts business into the hands of hard-working, on-the-go, home services professionals across the United States. Job matching, scheduling and payments, plus customer communications and inventory can be managed all from one mobile app so that these small business owners can focus on providing top-notch service on every job, every step of the way, to build customer relationships and loyalty. Jobox utilizes a modular, open-source architecture that Talus Pay plans to scale across core industry verticals beyond home services through Talus Pay direct and reseller channels including ISV partners.

“Jobox is a terrific tool for underserved home and facility services professionals to help them efficiently run their businesses and increase their bottom lines,” said Shay Bloch, co-founder and CEO of Jobox.“By joining forces with Talus Pay, we can accelerate our market share in the home services end market while having the opportunity to accelerate entry into new market verticals.”

Clarus has deep and trusted expertise in a wide range of business-to-business verticals, credit unions, wholesale distribution groups, and building materials distribution companies. The company offers unmatched customer care, competitive pricing and the highest level of cardholder security.

“We have significant portfolio and business synergies with Talus Pay which makes joining forces natural,” said Eric Pottebaum, president of Clarus.“We are excited to be able to offer our merchant customers new and innovative solutions from Talus Pay, and to combine forces to help drive long-term growth.”

Pottebaum joins Talus Pay’s leadership team as general manager of its Clarus portfolio. Bloch has been named Talus Pay’s chief strategy officer and Kaushik Pendurthi, also from Jobox, has been named chief technology officer.

MAPP Advisors, a fintech advisory firm with a core focus on payments, advised the seller on the Clarus transaction. Winston & Strawn LLP, IceMiller LLP and Corvino Law advised Talus Pay in connection with the acquisitions.

About Clarus Merchant Services

Clarus Merchant Services, founded in 1999, is a B2B focused payment services provider headquartered in Gaithersburg, Maryland, with offices in Maryland, Florida, North Carolina, Iowa, Arizona and Montana. Clarus is dedicated to providing multi-platform solutions, value-added servicing, in-depth management reporting and portfolio acquisitions. Processing more than $2 billion in annual card volume, Clarus boasts one of the industry’s highest client retention rates. For more information, please visit clarusdc .

About Jobox

Jobox helps home service professionals book jobs and manage their businesses right from mobile phones and tablets. The Jobox mobile app handles job matching, scheduling and payments, plus customer communications, inventory management and more and is available for download free of charge on the App Store and Google Play . Helping more than 5,000 professionals in 39 states today, the Jobox nationwide platform has processed more than $1 billion in transaction volume and completes a job every three minutes. For more information, please visit jobox .

About Talus Pay

Talus Pay is transforming the payments economy, enabling small and mid-size businesses to thrive. The company provides technology-enabled payment solutions, personalized in-house support and trusted advice delivered with exceptional care and attention-start to finish. Serving more than 22,000 merchants in North America, Talus Pay processes 67.8 million transactions with +$9 billion in annual charge volume via direct and independent sales agents, and a partner network of financial institutions, independent sales organizations, independent software vendors and value-added resellers. For more information, please visit taluspay .

About Alvarez & Marsal Capital

Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.8 billion in assets under management across six funds and four investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. Alvarez & Marsal Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making Alvarez & Marsal Capital an attractive partner to management teams and business owners. Alvarez & Marsal Capital is headquartered in Greenwich, CT with offices in Los Angeles, CA and London, England. For more information, visit a-mcapital .

Contacts
Peggy Bekavac Olson
Strategic Marketing for Talus Pay
480.510.8120

A&M CAPITAL PARTNERS | 10.18.23

Worldwise Announces Corporate Rebrand to PetWise

Name change reflects Company’s transformation, marks new chapter in pet supplies excellence

NOVATO, Calif., Oct. 18, 2023 /PRNewswire/ – Worldwise, Inc. (“Worldwise” or the “Company”), a leading pet industry provider of solution-based pet products, announced its strategic rebranding to PetWise, marking what is expected to be a new chapter of growth, operational enhancement, and an invigorated commitment to its partners and consumers.

Over the last several years, the Company’s strategic growth initiatives have enriched its portfolio with an even broader array of pet-centric brands, enhancing its offerings for customers globally. Today, PetWise maintains a compelling product portfolio that spans numerous categories such as pet chews, treats, toys, litter accessories, pet bedding, and more. Beyond product expansion, this rebrand reflects the operational advancements, cohesive identity, and brand integration that the Company has worked to achieve.

Kevin Fick, CEO of PetWise, remarked on this milestone, saying, “This rebranding is not just a name change; it’s a reflection of our evolution and ambition. It encapsulates our strategic growth, the integration of pivotal acquisitions, and an unwavering commitment to our brands. Adopting the PetWise identity demonstrates our united vision and clear purpose to drive greater innovation and forge deeper connections with our partners and customers. We are not only ready for the future –we are shaping it.”

For its retail partners, PetWise presents a vision of collaborative growth. While the Company’s name has changed, its commitment to exceptional customer service, product innovation, and fulfillment rates remains steadfast. As PetWise, the Company is set on deepening its investment in product development, omnichannel capabilities and branding. With the right organizational resources and leadership in place, PetWise believes it is prepared to scale and drive shared successes.

“We’ve closely collaborated with the Worldwise team over the past two years to support the transformation into PetWise,”” said Ryan McCarthy, Partner, A&M Capital Partners, majority owner of PetWise. “Looking ahead, we expect to see PetWise further expanding its footprint, pioneering innovations, and setting new standards in the pet supplies market.”

As the Company builds on its legacy of quality and innovation, it remains dedicated to serving the evolving needs of pets and pet parents.

To learn more about PetWise, its portfolio of award-winning brands and multi-category leadership, please visit PetWiseBrands.com

About PetWise (formerly Worldwise, Inc.)

PetWise is committed to creating the most innovative, accessible, and affordable product solutions for pets and pet-parents everywhere. Our family of award-winning brands— goDog®, SHERPA®, SmartyKat®, TrustyPup®, Kitty Sift®, Instincts by SmartyKat®, Pawscout™, FurHaven®, Treatly™, Pet Factory®—all stand for the highest in quality, safety, and satisfaction, all while incorporating environmentally-responsible materials and processes whenever possible. Backed by child safety standards and our satisfaction guarantee, our thoughtful, fun, and eco-sustainable products promote the bond between pets and pet parents across diverse categories such as cat toys, catnip, cat bedding, cat litter accessories, cat scratchers, dog toys, dog bedding, dog and cat travel accessories, app-integrated dog, and cat tracking solutions, and more. For more information, please visit PetWiseBrands.com

About A&M Capital Partners

A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $3.25 billion. A&M Capital Partners has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success. A&M Capital Partners invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.

About Alvarez & Marsal Capital

Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.8 billion in assets under management across six funds and four investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. Alvarez & Marsal Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making Alvarez & Marsal Capital an attractive partner to management teams and business owners. Alvarez & Marsal Capital is headquartered in Greenwich, CT with offices in Los Angeles, CA and London, England. For more information, visit www.a-mcapital.com.

For Mainstream Media Inquiries

Gaffney Bennett PR
Worldwise@GBPR.com

A&M CAPITAL PARTNERS | 09.25.23

GS Foods Group Acquires Lamm Food Service – Enhancing Operations in the Southeast

GS Foods, a leading specialized foodservice distributor owned by affiliates of Highview Capital and A&M Capital Partners (“AMCP”), today announced its acquisition of Lamm Food Service, a full-line food distributor headquartered in Lafayette and broadly serving Louisiana.

With nearly 50 years of industry experience, GS Foods encompasses a family of specialized companies that provides trusted food distribution and product solutions. Leveraging its sophisticated network of facilities and expertise navigating the complexities of foodservice programs, GS Foods operates nationally across specialized segments, including K-12 education and foodservice.

“Integrating Lamm Food Service into the GS Foods family is expected to strengthen our operations and expand our footprint in the Southeast,” said Sean Leer, CEO of GS Foods. “By combining our deep industry experience with a like-minded and trusted distributor, GS Foods expects to reach even more communities in the region with high quality service and products.”  

For over four decades, Lamm Food Service has been a trusted provider of exceptional service, meeting the unique needs of its diverse customer base. As a full-line food distributor, Lamm offers a wide variety of name-brand products from national manufacturers while also proudly supporting local companies that manufacture Louisiana food products.

“As a family-founded business, we take immense pride in our commitment to delivering exceptional service and high-quality foods to our customers,” said Bruce Mattingly, CEO of Lamm Food Service. “Joining forces with GS Foods, a national food distributor with a rich history and similar values, we believe will enhance our ability to meet the evolving needs of our customers while preserving the legacy we have built.”

To ensure a seamless transition for employees and customers alike, the leadership and staff of Lamm Food Service will join GS Foods and collaborate closely with the team going forward.

About GS Foods Group
GS Foods Group is a leading specialized food distributor primarily serving the K-12 schools and corrections markets, and was created through the merger of Gold Star Foods and Good Source Solutions. GS Foods tailors its sales and marketing programs to ensure that more K-12 school students and other customers have access to healthy and cost-effective meals each day. The combined company has a national footprint with substantial market presence across the United States, serving over 8,000 customers nationwide.

About A&M Capital Partners

A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $3.1 billion. A&M Capital Partners has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.  A&M Capital Partners invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.

About Alvarez & Marsal Capital

Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.65 billion in assets under management across six funds and four investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. Alvarez & Marsal Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making Alvarez & Marsal Capital an attractive partner to management teams and business owners.  Alvarez & Marsal Capital is headquartered in Greenwich, CT with offices in Los Angeles, CA and London, England. For more information, visit www.a-mcapital.com.

Contact

Ale Amesquita
Director of Business Development, A&M Capital Partners
ale@a-mcapital.com
424.354.5238

A&M CAPITAL PARTNERS | 09.25.23

Leading National Security Solutions Provider VTG Receives Majority Investment From A&M Capital Partners

Chantilly, Va. – VTG, an industry-leading provider of modernization and digital transformation solutions to Defense and Intelligence Community customers, announced today that it has received a new majority investment from A&M Capital Partners.

“I have never been more enthusiastic or optimistic about VTG’s future,” said John Hassoun, VTG President and CEO. “This partnership with AMCP will accelerate VTG’s growth trajectory, allowing us to make investments in the emerging capabilities and technologies most needed by our customers, and providing our employees with tremendous new career opportunities.”

Tracing its earliest roots to 1866, VTG engineers solutions across all classes of naval warships and submarines, a diverse array of aircraft, and a comprehensive suite of C5ISR, combat and weapon systems. The Company also develops undersea and autonomous technologies for the U.S. Navy, and delivers digital solutions and specialized mission support to the U.S. Intelligence Community. VTG has been a portfolio company of The Jordan Company since 2012. TJC exited its ownership of VTG as part of this transaction.

“We are very excited about our partnership with VTG,” said Jack McCarthy, Managing Partner and Founder of A&M Capital. “The Company’s strong portfolio of long-tenured contracts supported by a highly experienced leadership team positions the business well for continued growth over the coming years.”

“We view VTG as a highly attractive platform with differentiated technical and delivery capabilities,” said Alex Nivelle, a Partner of A&M Capital. “VTG is well positioned for expansion across its Defense and Intelligence Community customer base, and we look forward to working with the management team to pursue a hybrid organic and acquisition-driven growth strategy.”

A&M Capital Partners was advised by Kirkland & Ellis LLP. VTG was advised by Baird, Citizens Capital Markets and Mayer Brown LLP.

About VTG

VTG delivers modernization and digital transformation solutions that expand America’s competitive advantage in the modern battlespace. Headquartered in Chantilly, Virginia, VTG provides full lifecycle engineering for naval, aerospace, network and digital requirements. Whether at sea, in the air, on land, or in cyberspace, VTG delivers Tomorrow’s Transformation Today. For more information, visit us at www.VTGdefense.com.

About A&M Capital Partners

A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $3.3 billion. A&M Capital Partners has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success. A&M Capital Partners invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.

About Alvarez & Marsal Capital

Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.8 billion in assets under management across six funds and four investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. Alvarez & Marsal Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making Alvarez & Marsal Capital an attractive partner to management teams and business owners. Alvarez & Marsal Capital is headquartered in Greenwich, CT with offices in Los Angeles, CA and London, England. For more information, visit www.a-mcapital.com.

Media Contacts

Sarah Lemn
Vice President, VTG
Sarah.Lemn@VTGdefense.com
757-217-0752

Ale Amesquita
Director of Business Development, A&M Capital Partners
ale@a-mcapital.com
424-354-5238

A&M CAPITAL PARTNERS | 06.14.23

Empress Ambulance Service Acquires Certain Assets of Mobile Life Support Services

Empress Ambulance Service had over 800 staff and 130 emergency vehicles prior to these additions

JEMS Staff

06.14.2023

Empress Ambulance Service closed a deal acquiring certain assets of Mobile Life Support Services, Inc. (“Mobile Life”) on June 14, 2023. This transaction follows closely Empress’s acquisition of certain assets of Rockland Mobile Care (a division of Rockland Paramedics Services), which took place on April 30, 2023.

Mobile Life is a privately owned commercial ambulance service started by Gayle Metzger and her late husband, Rick, in 1981. Since then, the company, which provides 911 ambulance service to many of the municipalities in the Hudson Valley area of New York State, has grown to nearly 300 EMS professionals with a fleet of over 65 emergency vehicles.

Rockland Mobile Care was the non-emergency ambulance division of Rockland Paramedic Services. Started in 1999 in response to a need for quality ambulance transportation between healthcare facilities in an efficient and professional manner, Rockland Mobile Care will remain a critical part of the continuum of patient care with Empress.

Empress, a PatientCare EMS Solutions (“PatientCare”) company, with over 800 staff and 130 emergency vehicles prior to these additions, provides emergency and non-emergency ambulance services to municipalities and hospital systems in New York’s Westchester County, the Bronx and Manhattan boroughs, and has a significant existing presence in the Hudson Valley region. In addition to its primary ambulance services, Empress offers a mobile integrated health (MIH) service providing on-site care to patients who do not need to be transported to the hospital.

“We are excited to continue to grow our company. The acquisition of certain assets of Mobile Life and Rockland Mobile Care give us the opportunity to strengthen our relationships with current clients and provide the people and resources to meet their increasing needs. Our intention is to minimize any operational disruption and to ensure consistent quality service for the communities these companies serve,” said Michael Minerva, president of Empress. “These transactions support our mission to be the provider of choice for hospital networks and other facilities in the greater New York Area.”

As part of the larger PatientCare family of companies which has operations in Florida, South Dakota, Texas and New York, Empress will have the ability to expand critical services and offer mobile healthcare programs throughout the service areas.

“Acquiring these assets is aligned with our corporate strategic growth goal of expansion in the area,” said Herman Schwarz, CEO of PatientCare. “We are already immersed in these markets and are excited to be able to provide further support to our current customers, as well as expand our customer base, through these transactions.”

A&M CAPITAL PARTNERS | 06.06.23

Med-Metrix Announces the Acquisition of Tritech Healthcare Management, Strengthening the Company’s Complex Claims Solutions

PARSIPPANY, N.J., June 6, 2023 /PRNewswire/ — Med-Metrix, LLC (“Med-Metrix”, or the “Company”), a leading provider of technology-enabled, Revenue Cycle Management (“RCM”) solutions, backed by A&M Capital Partners (“AMCP”), announced it has acquired Tritech Healthcare Management, LLC (“Tritech”). Tritech is a provider of complex claims solutions for health systems, hospitals and other healthcare providers. Tritech’s capabilities further enhance Med-Metrix’s complex claims offering. Financial terms of the transaction were not disclosed.

One of the largest complex claims companies in the Northeast market, Tritech is a trusted partner to its healthcare providers as the Company manages workers’ compensation and motor vehicle claims. They will continue to serve over 40 customers across a diversified mix of healthcare providers. Tritech is based in Melville, NY and was founded in 1999.

“I am excited to build upon Tritech’s brand as a best-in-class complex claims platform with decades of domain expertise,” said, Joseph Davi, Founder and CEO of Med-Metrix. “We believe Tritech has built a terrific company with a differentiated platform, and we look forward to integrating Tritech’s solutions,” said Rob Wright, President of Med-Metrix.

“Tritech is thrilled to join forces with Med-Metrix and this combination will continue to build upon our momentum in the complex claims market,” said Timothy Damadian, Partner and Co-Founder and Greg Heinemann, Partner and Co-Founder of Tritech.

“We are excited to welcome the Tritech team to Med-Metrix. AMCP looks forward to supporting Med-Metrix’s current trajectory, including continued organic growth and additional M&A opportunities,” said Rob Haisch, a Partner of AMCP.

About Med-Metrix

Med-Metrix is a leading technology-enabled services platform providing RCM and Business Intelligence solutions for health systems and physician groups across the United States. Med-Metrix provides RCM and BI services via the Company’s proprietary software platform, AnalytX. More information is available at www.med-metrix.com.

About Tritech Tritech Healthcare Management, LLC (“Tritech”) provides Workers’ Compensation and No-Fault billing services for over 40 hospitals and other entities. It is one of the largest Workers’ Compensation and No-Fault billing companies in the Northeast. Tritech was established in 1999. More information is available at www.tritechhcm.com.

About A&M Capital Partners

A&M Capital Partners (“AMCP”) is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of approximately $3 billion. AMCP partners with founders, corporates and management teams, providing the capital and strategic assistance that we believe is required to take businesses to the next level of success. More broadly, Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.5 billion in total assets under management across four investment strategies, which maintains a strategic association with Alvarez & Marsal, one of the largest operationally-focused advisory firms in the world.  More information is available at www.a-mcapital.com.

SOURCE Med-Metrix, LLC

A&M CAPITAL PARTNERS | 05.19.23

INSPYR Solutions Announces Acquisition of Ntelicor, Expanding Consulting and Solutions Services

Fort Lauderdale, Fla. and Houston, Texas – INSPYR Solutions (the “Company”), a leading IT staffing and technology solutions firm, announced today that it has acquired Ntelicor, LLC (“Ntelicor”), an IT staffing and solutions company. This acquisition will strengthen INSPYR Solutions’ national presence as the Company seeks to expand its brand and further enhance its capabilities to serve its talent and clients.

Originally founded in 2002, INSPYR Solutions was formed through the combination of TekPartners, a P2P Company, and Genuent. The Company has since grown to employ nearly 2,000 professionals nationwide across twelve key markets. The Company is an experienced provider of information technology staffing and solutions to blue chip customers across a variety of end markets. Since 2021, INSPYR Solutions has been a portfolio company of A&M Capital Partners.

Based in Dallas, Texas, Ntelicor is a national provider of highly technical strategic staffing and consulting services across numerous end markets, including aviation, hospitality, manufacturing, and federal government. Founded in 1998, Ntelicor currently employs over 200 professionals with an array of technical skill sets.

Kip Wright, Chairman and CEO of INSPYR Solutions, commented, “We are very excited to welcome the Ntelicor team to the INSPYR Solutions family. Ntelicor has a proven track record of success in the industry and has built an attractive portfolio of top clients that made them an excellent choice to partner with INSPYR Solutions. We look forward to continuing to build on that legacy of success as we work together toward our shared goal of increasing our influence in the IT staffing and solutions space across various industries. This will enable us to support new clients in these verticals and offer enhanced services to those we already work with.”

“Our team is thrilled to join the INSPYR Solutions family and build on our mutual success. Together, we will be better positioned to facilitate the type of long-term growth that will allow us access to new and exciting opportunities for development,” said Mark Cohen, CEO of Ntelicor. “We are looking forward to working with the INSPYR Solutions team to expand our geographic footprint, add to our service offerings, and enhance the solutions we provide in the public and private sectors.”

About INSPYR Solutions

As a leading technology solutions company, we connect top IT talent with clients to provide innovative business solutions through our IT Staffing, Professional Services, and Infrastructure Solutions divisions. There are four elements that set us apart and serve as pillars of our company philosophy: Quality, Expertise, People, and Relationships. By always striving for excellence in these areas and focusing on the human aspect of our business, we work seamlessly together with our talent and clients to match the right solutions to the right opportunities. Learn more about us at inspyrsolutions.com.

About A&M Capital Partners

A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $3.1 billion. A&M Capital Partners has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.  A&M Capital Partners invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.

About Alvarez & Marsal Capital

Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.65 billion in assets under management across six funds and four investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. Alvarez & Marsal Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making Alvarez & Marsal Capital an attractive partner to management teams and business owners.  Alvarez & Marsal Capital is headquartered in Greenwich, CT with offices in Los Angeles, CA and London, England. For more information, visit www.a-mcapital.com.

Contact

Milgrim Bello
Vice President of Strategic Marketing, INSPYR Solutions
mbello@inspyrsolutions.com
954.607.1238

Ale Amesquita
Director of Business Development, A&M Capital Partners
ale@a-mcapital.com
424.354.5238

A&M CAPITAL PARTNERS | 05.14.23

INSPYR Solutions Announces Acquisition of ProTask, Expanding Consulting and Solutions Services

Fort Lauderdale, Fla. and Houston, Texas – INSPYR Solutions (the “Company”), a leading IT staffing and technology solutions firm, announced today that it has acquired ProTask, a strategic staffing and consulting agency. This acquisition will result in an even stronger national presence for INSPYR Solutions as the Company seeks to further build out its brand and expand its geographic footprint across the country.

Founded in 2002, INSPYR Solutions, which was formed through the combination of TekPartners, a P2P Company, and Genuent, has grown to employ nearly 2,000 professionals nationwide across twelve office locations.  The Company is an experienced and leading provider of information technology staffing and solutions to blue-chip customers across a variety of end markets. Since 2021, INSPYR Solutions has been a portfolio company of A&M Capital Partners.  

Based in Washington, D.C., ProTask is a regional provider of highly technical, strategic staffing and consulting services across numerous end markets, including financial services, healthcare, financial technology and telecommunications.  Founded in 2010, ProTask currently employs over 100 professionals with an array of skill sets. 

Kip Wright, Chairman and CEO of INSPYR Solutions, commented, “Our strategic plan includes the aggressive expansion of our geographic presence in the U.S. through both organic growth and purposeful acquisitions. ProTask stood out as an attractive team to join the INSPYR Solutions family due to their thriving business built on deep relationships and delivering quality technical resources to their client base. We are excited to welcome the ProTask team into the INSPYR Solutions family and look forward to building on this momentum for further growth and success.”

 “With the similarities and synergies between our two businesses, it made sense to join forces. Our objective with this transaction is to leverage their capabilities to accelerate our growth in the Mid-Atlantic region,” said Donna Gibb, President and Founder of ProTask. “I’m looking forward to having ProTask join the INSPYR Solutions family and work with their team to not only continue the momentum we have built to date but contribute to the achievement of INSPYR Solutions’ long term growth strategy.”

About INSPYR Solutions

As a leading technology solutions company, we connect top IT talent with clients to provide innovative business solutions through our IT Staffing, Professional Services, and Infrastructure Solutions divisions. There are four elements that set us apart and serve as pillars of our company philosophy: Quality, Expertise, People, and Relationships. By always striving for excellence in these areas and focusing on the human aspect of our business, we work seamlessly together with our talent and clients to match the right solutions to the right opportunities. Learn more about us at inspyrsolutions.com.

About A&M Capital Partners

A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $3.1 billion. A&M Capital Partners has a strong and referenceable track record of serving as a trusted partner to founders, corporates and management teams, providing the capital and strategic assistance required to take businesses to the next level of success.  A&M Capital Partners invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.

About Alvarez & Marsal Capital

Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $4.4 billion in assets under management across six funds and four investment strategies. The firm is led by a highly experienced investment team, which is augmented by a strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. Alvarez & Marsal Capital combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge and global corporate relationships, making Alvarez & Marsal Capital an attractive partner to management teams and business owners.  Alvarez & Marsal Capital is headquartered in Greenwich, CT with offices in Los Angeles, CA and London, England. For more information, visit www.a-mcapital.com.

Contact

Milgrim Bello
Sr. Director of Strategic Marketing, INSPYR Solutions
mbello@tekpartners.com
954.607.1238

Ale Amesquita
Director of Business Development, A&M Capital Partners
ale@a-mcapital.com
424.354.5238

A&M CAPITAL PARTNERS | 04.21.23

A&M Capital Europe Announces Majority Investment in World of Sweets and Bobby’s (“IBG”)

A&M Capital Europe (“AMCE”), a London-based middle-market private equity investment firm with €650 million of assets under management, announces the acquisition of a majority stake in World of Sweets and Bobby’s (together “IBG” or the “Group”), a leading brand owner and tech-enabled distributor of confectionery, baked goods and savoury snacks into the convenience retail, specialty, wholesale and grocery channels, from Sculptor Capital Management, Inc. (NYSE: SCU) (“Sculptor”).

Headquartered in Loughborough, United Kingdom, we believe IBG has a strong position in the large and resilient UK snacking market, combining a multichannel and tech-enabled go-to-market distribution capability alongside differentiated brand management and innovation expertise. The Group serves a diverse base of 60,000+ customers and owns brands that include Bobby’s, Bonds of London, Kingsway, Crazy Candy Factory and Candy Realms whilst partnering with major international brands, including Pez, Nerds and Tootsie.

The partnership with AMCE is expected to enable IBG to strengthen its existing position, underpinned by the continued growth of its owned and partner brands and new exclusive partnerships.

Additionally, the Group plans to drive further growth across its digitally enabled routes to market. With AMCE’s support, IBG also intends to actively pursue bolt-on acquisitions, focusing primarily on branded targets in existing and new categories where the Group can leverage its unique distribution footprint.

IBG will continue under the leadership of its existing management team, led by CEO Wayne Beedle, with Wayne and his team investing alongside AMCE.

AMCE was advised by Weil, Gotshal & Manges and DWF as legal advisers, Houlihan Lokey as financial adviser, MDW Capital Partners as debt adviser, EY Parthenon as commercial adviser, Palladium as digital and IT adviser, Alvarez & Marsal as accounting adviser and EY as tax adviser.

About A&M Capital Europe

AMCE is a pan-European, London-headquartered, middle-market private equity investment firm specialising in providing financial, strategic and operational support to growing European businesses. AMCE Fund I currently has €650 million of assets under management, and IBG represents AMCE’s fifteenth transaction. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm with €4.2 billion in assets under management across four investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal, one of the world’s largest operationally focused advisory firms. For additional information, please visit A&M Capital’s website at www.a-mcapital.com.

A&M CAPITAL PARTNERS | 04.13.23

Carton Pack acquires Smilesys

Carton Pack, a portfolio company of A&M Capital Europe (“AMCE”), a London-based middle-market private equity investment firm with €650 million of assets under management, has completed the acquisition of Smilesys (the “Company”), an Italian producer of resealable and sustainable packaging products from its founders.

Founded in 2013, Smilesys primarily serves the fruit & vegetable end-market and the snacks and bakery segments. The Company is headquartered in Veneto (Northern Italy). Smilesys focuses on resealable solutions that enhance shelf-life, reduce food waste and can be applied to compostable materials, with ~95% of final products sold outside of Italy. The Company will continue to be led by its management team, including CEO Ernesto Zanarella.

The acquisition further enhances Carton Pack’s footprint in sustainable products while expanding into innovative technologies. In addition, it is consistent with Carton Pack’s strategy to become a leading European food packaging specialist with a multi-material product offering. The transaction is Carton Pack’s second add-on acquisition since AMCE acquired a majority stake in Carton Pack in April 2022.

AMCE and Carton Pack were advised by Chiomenti, as legal counsel for M&A and corporate matters, and Gattai, as legal counsel for financing matters, KPMG as accounting and tax advisers and Ramboll as environmental, health & safety adviser.

About Carton Pack

Headquartered in Puglia, Italy, Carton Pack provides specialist multi-material packaging solutions for Europe’s fruit & vegetable and ready-to-eat markets. Carton Pack employs ~500 people and operates from 4 production facilities and 17 warehouses across Italy and Spain.

About A&M Capital Europe

AMCE is a pan-European, London-headquartered, middle-market private equity investment firm specialising in providing financial, strategic and operational support to growing European businesses. AMCE Fund I currently has €650 million of assets under management, and Smilesys represents AMCE’s fourteenth transaction. More broadly, AMCE is part of A&M Capital, a multi-strategy private equity investment firm with €4.5 billion in assets under management across four investment strategies. In addition, A&M Capital maintains a strategic association with Alvarez & Marsal, one of the world’s largest operationally focused advisory firms. For additional information, please visit A&M Capital’s website at www.a-mcapital.com.