06.04.2020 - Sverica Capital

Resonetics Completes Costa Rica Expansion

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Resonetics Completes Costa Rica Expansion

Adds cleanroom capacity and centerless grinding capabilities

NASHUA, NH, June 4, 2020 – Resonetics has completed the expansion of its manufacturing facility in the Coyol Free Zone in Alajuela, Costa Rica. The expansion doubles the size of the class 8 cleanroom for laser ablation and cutting of polymer components and adds a full mezzanine to create space for laser welding and centerless grinding operations. With the expansion, Resonetics expects to double its number of employees over the next two years. The site operates 24/7 and is focused on high volume component and sub-assembly production for export and for the local medical device industry. Today, more than 16,000 people work in 60 companies in Costa Rica, including 8 of the Top 30 Life Sciences companies worldwide such as Medtronic, Cardinal Health, Philips, Abbott, Edwards Lifesciences, MicroVention, Hologic and Smith & Nephew.

“We are pleased to invest further in our Costa Rica operation and to be located in the number one

ranked free trade park in Latin America and the Caribbean,” said Tom Burns, Resonetics President &

CEO, “This expansion allows us to offer more capabilities to local customers, as well as provide

additional capacity to support the dramatic growth we are experiencing. The Costa Rica operation is

a strategic component of Resonetics’ global manufacturing network with strong engineering

resources, terrific productivity and excellent infrastructure for advanced manufacturing”.

About Resonetics

Founded in 1987, Resonetics is a pioneer in micro manufacturing and provides contract manufacturing services to the life sciences industry. Resonetics is a leader in laser processing, centerless grinding, nitinol processing, thin-wall stainless steel tubing fabrication, precious metal forming, and other critical machining services. With seven Lightspeed Application Development Labs located strategically to serve MedTech companies around the world, Resonetics is built on a foundation of quality, speed and innovation to deliver best-in-class value with a customer centric approach. The company is ISO 13485:2016 certified with facilities in the United States, Costa Rica, Israel and Switzerland. Resonetics is owned by Regatta Medical, a portfolio company of GTCR. Learn more at www.resonetics.com

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Sverica Capital Management Announces Strategic Investment in Coastal Cloud

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Sverica Capital Management Announces Strategic Investment in Coastal Cloud

San Francisco, California – June 4, 2020 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that Sverica and Salesforce Ventures have made a strategic investment in Coastal Cloud LLC (“Coastal Cloud” or the “Company”), one of the largest and fastest growing independent Salesforce consulting partners in the United States.

Based in Palm Coast, Florida, Coastal Cloud was started in 2012 by Co-Founders and Managing Partners Sara and Tim Hale with the goal of creating a modern consulting firm focused on client outcomes and led by expert, onshore consultants who enjoy the flexibility of the company’s “live at the beach, work in the cloud” business model. Coastal Cloud is focused on diversity as one of the largest woman-owned Salesforce consulting partners, with women making up over 40 percent of the Coastal Cloud team.

Rooted in a strong culture and powered by passion for delivering value to clients through next-generation technologies, Coastal Cloud has grown rapidly and become a Salesforce Platinum Partner while driving high client satisfaction and recognition as the top-rated Salesforce consulting partner on G2. With a broad range of capabilities and expertise across a wide range of Salesforce solutions, the company serves as a partner to commercial, public sector, and non-profit organizations throughout their digital transformation journeys.

“Tim and I are delighted to have Sverica and Salesforce Ventures join the Coastal family and accelerate our next generation of growth. We will double-down on our industry-specific solutions and multi-cloud capabilities to help our clients achieve new levels of scale, agility, efficiency, and service. The current crisis demonstrates the power of our business as our Care4COVID and CARES Act solutions have been conceived, built and deployed to clients in a matter of weeks. This collaboration extends our unique culture, values, and relentless focus on exceptional client service. We are excited about the future with our team, our clients and our partners”, said Sara Hale, Co-Founder and Managing Partner at Coastal Cloud.

“Cloud services has been a longtime focus for Sverica and now, more than ever, companies need to digitally transform the way they connect with their customers, employees, and partners. Coastal Cloud’s solutions not only enable their clients to succeed by deploying Salesforce’s leading technology stack, but they also provide core business processes and dashboard driven analytics to allow them to operate more efficiently and effectively. We are excited to partner with Tim, Sara, and the whole Coastal team to build upon their success and support their rapid growth,” said Jordan Richards, Managing Partner at Sverica.

Sherrick Murdoff, Vice President of Partner Investments at Salesforce, said “Coastal Cloud has been a longstanding and fast-growing partner of Salesforce and well-aligned with Salesforce values demonstrating a commitment to diversity in the workplace. The investment from Salesforce Ventures will help further their efforts within the Salesforce ecosystem and lead innovation for customers.”

Ryan Harstad, Partner at Sverica, added “Over the years we have gotten to know Sara and Tim, we have been increasingly impressed with the company that they have built. Their vision is apparent in Coastal’s rich culture, the quality of its team, and the client relationships cultivated over multiple years and projects. With a solid platform for continued growth and rising demand for the innovation and efficiency that Salesforce can offer, we see blue ocean ahead of Coastal Cloud.”

About Coastal Cloud
Coastal Cloud is a Salesforce Platinum consulting partner based in Palm Coast, Florida. Through its unique consulting business model, the Company provides implementations and managed services to assist clients in migrating to next-generation systems. Coastal Cloud, one of the fastest companies to achieve Platinum status with Salesforce, was named to Inc.’s Best Workplaces in 2020, including making the Editor’s Top 10 List. For more information, please visit www.CoastalCloud.US.