Articles from Ridgemont Equity Partners

Ridgemont Equity Partners (“Ridgemont”), a middle market private equity investor, today announced its investment in Unosquare, LLC (“Unosquare” or the “Company”), a leading provider of nearshore AI-enabled digital engineering and data and analytics solutions. The Company currently serves US-based customers across diverse sectors, with specialization in financial services, healthcare, higher education, and technology. Unosquare has a team of over 1,000 professionals on three continents, with the majority of its delivery professionals residing in Latin America.

Ridgemont Equity Partners (“Ridgemont”), a middle market private equity investor, today announced its investment in Strata Information Group (“SIG” or the “Company”), a leading provider of managed services for higher education. The Company’s comprehensive service offering includes Enterprise Resource Management (ERP), Customer Relationship Management (CRM), cybersecurity, and other enterprise level managed service and application service capabilities. Shortly after the closing of Ridgemont’s investment, SIG acquired BHA Technologies (“BHA”), a strategic service partner to higher education software provider Ellucian.

Ridgemont Equity Partners, a middle market private equity firm, today announced the recapitalization of National Power, LLC (“National Power” or the “Company”), a leading provider of power reliability and resilience solutions for mission-critical operations. The Company’s field technical teams provide value-added services related to the distribution, installation, upgrading, repair, and maintenance of AC and DC power systems, integrated backup and standby power solutions, cooling/ventilation equipment, and related infrastructure. National Power serves over 1,500 customers across a variety of industries, including broadband, data centers, municipal and government, telecommunications, and other commercial, industrial, and infrastructure end markets.

Ridgemont Equity Partners, a middle market private equity firm, today announced the following promotions: Michael Mandl to Principal, Tom Polak, Sam Poole, and Andrew Schultz to Vice President, Pete Thompson to Senior Associate, and John Chirokas to Chief Accounting Officer.

Ridgemont Equity Partners (“Ridgemont”), a middle market private equity investor, today announced the recapitalization of smartShift (or “the Company”), a leading tech-enabled services provider for SAP custom application migrations, upgrades and transformations. The Company’s current leadership team, including CEO Derek Oats, President & COO Vyom Gupta and CFO Kendall Walker, remain in their current roles and meaningfully invested in partnership with Ridgemont.

Ridgemont Equity Partners, a middle market private equity investor, today announced the recapitalization of Worldwide Produce (the “Company”), a leading distributor of fresh fruits, vegetables, dairy products and specialty foods to restaurants, foodservice customers and grocery stores across the western United States. Worldwide Produce operates five climate-controlled distribution facilities across its geographic footprint. Sole Source Capital, the Company’s existing financial sponsor, will retain a meaningful minority stake in Worldwide Produce in partnership with Ridgemont and Company management.

Ridgemont Equity Partners, a middle market private equity investor, today announced the recapitalization of RoadOne IntermodaLogistics (“RoadOne” or the “Company”), the largest independent provider of intermodal logistics solutions in North America, alongside the Company’s management and co-founders, Ken Kellaway and David McLaughlin, and Nonantum Capital Partners, who acquired a majority stake in RoadOne in 2019 and remains meaningfully invested in partnership with Ridgemont.

Ridgemont Equity Partners (“Ridgemont” or “the Firm”), a private investment firm specializing in buyout and growth investments in industry-leading middle market companies, today announced the close of Ridgemont Equity Partners IV, L.P. (“REP IV”) at its hard cap with $2.35 billion in commitments. The fund significantly exceeded its initial target of $2.0 billion and brings the Firm’s total assets under management to over $8.5 billion.

Crete Mechanical Group (“Crete” or “CMG”), a leading provider of HVAC, electrical, plumbing and building automation services to commercial, industrial, multi-family, government, healthcare, education and other end markets, today announced a partnership with AC Corporation (“AC Corp.”), a Greensboro, NC-based provider of HVAC, electrical, plumbing, metal fabrication, rendering systems, service and system controls solutions across a range of end markets.

Ridgemont Equity Partners, a middle market private equity investor, today announced a partnership with Crete Mechanical Group (“Crete” or “CMG”), a leading provider of HVAC, electrical, plumbing and building automation services to commercial, industrial, multi-family, government, healthcare, education and other end markets. CMG has been formed by the combination of local brands uniting under a national platform that offers shared administrative and business support, while also preserving the operational independence of the local leadership. Alongside the founders and management team of Crete, Ridgemont has provided significant growth capital to enable the continued build-out of a leading network of mechanical services providers across North America.

Sunvera Group, a management services organization providing support services to ophthalmology practices across multiple subspecialties, has formed a new partnership with William S. Goldstein, MD PC in Shelby Township. This partnership further expands Sunvera’s network of ophthalmology and surgical centers across Michigan and Ohio.

Sunvera Group, a management services organization, has formed a new partnership with Wilkinson Eye Center, a leading ophthalmology practice with locations in Clarkston and Pontiac, Michigan. Sunvera now provides support services to 15 clinical locations and two surgery centers across Michigan and Ohio, with the Wilkinson partnership furthering its rapid growth within the metro Detroit region.

Ridgemont Equity Partners, a buyout and growth equity investor, today announced the acquisition of American Outcomes Management (“AOM” or the “Company”), a leading specialty infusion provider focused on intravenous immunoglobulin (“IVIG”) infusion therapy. Financial terms of the transaction were not disclosed.

Ridgemont Equity Partners, a buyout and growth equity investor, today announced the recapitalization of eShipping (or the “Company”), a leading, tech-enabled, non-asset based provider of managed transportation logistics services to mid-sized shippers. Ridgemont led the transaction in partnership with Chad Earwood, the founder of eShipping, who will continue as CEO and retain a significant ownership stake in the Company. Financial terms of the transaction were not disclosed.

Ridgemont Equity Partners, a middle market private equity firm, today announced the hiring of Jane Caldwell as Chief Administrative Officer.

Ridgemont Equity Partners, a middle market private equity investor, today announced the acquisition of Agape Care Group (“Agape Care” or the “Company”). Agape Care is a leading provider of hospice and palliative care in the Southeast, with a deep presence across South Carolina and Georgia. The Company offers full end-of-life care for members of its community both in patient homes and healthcare facilities.

Ridgemont Equity Partners, a buyout and growth equity investor, today announced a significant minority investment alongside The Rise Fund, TPG’s multi-sector global impact investing strategy, to facilitate the acquisition of Teachers of Tomorrow (“ToT” or the “Company”). The Rise Fund announced a definitive agreement to acquire a majority stake in ToT in early September and subsequently joined forces with Ridgemont Equity Partners, a value-added growth partner for the Company. Terms of the transaction were not disclosed.

Ridgemont Equity Partners, a middle market private equity firm, today announced the following promotions: Matt Ibbetson, Ryan Jack and Kelly Lineberger to Partner, Will Dull and Kyle Greer to Vice President, Abigail Buckner to Marketing Coordinator, and Christina Canterino to Office Manager and Executive Assistant. The firm also added 13 new team members since early 2021: Justin Lay as a Partner, Jane Caldwell as Chief Administrative Officer, Ryan Shanahan as a Vice President, Curtis Jones as Tax Director, Tom Polak and Andrew Schultz as Senior Associates, Olivia Mullens as a Senior Accountant, Casey Balikian, Kate Carrington, Alex Chiuchiolo, Marshall Lee and Carter Walters as Associates, and Keegan Good as an Analyst.

Ridgemont Equity Partners, a buyout and growth equity investor, today announced a growth investment in Northstar Recycling Company, LLC (“Northstar” or the “Company”) alongside the Company’s founders, Seth Goodman and Noah Goodman. Northstar is an asset-light provider of sustainability-oriented managed waste and recycling solutions to leading food, consumer packaged goods, and other industrial clients. The Company serves multi-facility manufacturers and distributors with a centralized solution to manage and divert industrial waste streams into beneficial reuse applications. Seth Goodman and Noah Goodman will remain in their roles as CEO and President of Northstar, respectively, following the transaction.

Ridgemont Equity Partners, a middle market private equity firm, today announced the following new team additions: Justin Lay as Partner and Ryan Shanahan as Vice President.

Ridgemont Equity Partners, a middle market private equity investor, today announced an investment in Sparus Holdings (“Sparus” or the “Company”), a leading provider of critical outsourced field and professional services for utility and industrial customers. The transaction closed in March 2021. Financial terms of the transaction were not disclosed.

Ridgemont Equity Partners, a buyout and growth equity investor, today announced its investment in the combination of Worldwide Express, LLC and GlobalTranz Enterprises, LLC, both leading non-asset based providers of third-party logistics solutions, in a transaction led by CVC Capital Partners, Providence Equity Partners, PSG and the management teams of both Worldwide Express and GlobalTranz. In 2015, Ridgemont invested in Unishippers Global Logistics and subsequently led a transaction in 2017 in partnership with Worldwide Express management to merge Unishippers into Worldwide Express to create the leading provider of logistics services to small-and-medium sized shippers. Going forward, Ridgemont will retain a meaningful stake in the combined entity formed through the combination of Worldwide Express with GlobalTranz. Financial terms of the transaction were not disclosed.

SPG, a leading provider of therapeutic, behavioral and autism services to children in educational and community settings, today announced the acquisition of Child Counseling & Behavior Therapy Clinic (“Behavior Therapy Clinic”), a California-based provider of school, home, and community-based applied behavior analysis (“ABA”) and behavior intervention services. The financial terms of the transactions were not disclosed.