Month: October 2021

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Sverica News

Sverica Capital Management Announces Investment in Automated Control Concepts

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Sverica Capital Management Announces Investment in Automated Control Concepts

Boston, Massachusetts – October 27, 2021 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, today announced that on October 22 it acquired a majority position in Automated Control Concepts, LLC (“ACC” or the “Company”), a systems integrator specializing in process control, manufacturing intelligence and cyber security & industrial networking.

Headquartered in Neptune, NJ, ACC is a leading ‘Industry 4.0’ solutions provider, focused primarily on systems that leverage data to optimize manufacturing efficiency. ACC supports technology platforms from Rockwell Automation, Inductive Automation and Parsec Automation (among others), and is a Tier 1 accredited partner for each vendor. ACC’s expertise is in process automation with deep specialization in the life sciences sector.

The transaction marks a milestone for ACC, facilitating a hand-off from Robert Tomasetta, who founded the Company in 1983. Michael Blechman, shareholder and CEO, stated, “We are proud to have grown ACC to a point where it attracted the interest of a firm like Sverica. The management team looks forward to working with our new capital partner to take ACC to new heights, building upon the foundation of excellence we developed as a provider of technology solutions and products for manufacturing and infrastructure clients.” Kevin Hannigan, President of ACC added, “Having a growth-oriented firm like Sverica as an investor creates a tremendous ability for us to pursue new strategic business areas and provides additional opportunities for our dedicated ACC team members.”

Dave Finley, Managing Partner at Sverica said “We are excited to partner with the ACC team to facilitate the company reaching its full potential. ACC is a high-achieving, high-quality operation with the opportunity to become a leader within an attractive market.” Greg Hylant, Vice President at Sverica added, “What struck us early on in our diligence was the sky-high Net Promoter Score ACC received from its clients, indicating a superior service organization that could be grown into a market-leading provider of Industry 4.0 solutions, with a focus on the life science sector.”

About Automated Control Concepts

Established in 1983, Automated Control Concepts, Inc. helps businesses improve the efficiency, quality and compliance of their manufacturing operations through the strategic use of technology. As an independent systems integration firm specializing in process automation and manufacturing intelligence, ACC provides solutions from initial requirements definition and system design through the implementation and commissioning of plant-wide automation and manufacturing execution systems. ACC delivers solutions to manufacturers in a variety of industries, including life sciences, infrastructure and food & beverage. ACC also offers two proprietary software products focused on life sciences – Lab Owl® bioreactor control system and TruTraq® environmental condition monitoring.

For more information, please visit https://automated-control.com/

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First Fertility Launches, Sets Stage for Growth

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First Fertility Launches, Sets Stage for Growth

Avon, CT – October 12, 2021 – First Fertility, a leading fertility company focused on patient experience, has launched its brand with plans to accelerate growth nationwide. Driving this effort is a group of industry experts from top fertility centers, specialty pharmacies, and pharmaceutical companies across the country, all joined together to expand access to care while providing unparalleled service for patients seeking fertility treatments and family-building options.

“We are building a network of best-in-class IVF centers with the singular purpose of putting our patients first,” commented Derek Larkin, CEO of First Fertility. “Each of our investments and innovations will be focused on continually improving the experiences of our patients. Our success is based entirely on the success of our patients, and we know that helping them reach their dreams of a family will make us First. We are changing the way that people experience fertility treatment and family building.”

With an ambitious expansion plan well underway, First Fertility has already established a prominent reputation across the United States through strategic partnerships with The Center for Advanced Reproductive Services, InVia Fertility, and RMA Long Island IVF, alongside recent acquisitions of Fertility Centers of New England and MCRM Fertility, with more to be announced soon.

Kim Rondeau, Chief Commercial Officer added, “This exciting new brand is the most visible part of a comprehensive strategic initiative to grow our reach throughout the country with new center partnerships that are focused on the highest quality of patient care. We meet our patients wherever they are in their journey toward parenthood while providing a level of expertise that is unmatched in our industry. Now, as we grow with these strategic partnerships and acquisitions, First Fertility will bring positive and transformative opportunity for fertility care in the United States.”

As First Fertility grows its diverse network of centers and reach under this new brand, its focus remains on delivering compassionate care that empowers patients to grow their family in the way they want.

Joseph Hill, M.D., President of Fertility Centers of New England said, “With an equal measure of compassion and skill, we have built Centers of Excellence that provide the highest level of fertility care that help people realize the dream of having a family. When you are a First Fertility patient, you are not just a number to us. You’re heard, you’re supported, and you’re an individual. You come first.”

About First Fertility

First Fertility offers comprehensive and customized care for patients to grow their families. The business partners with reproductive endocrinology practices across the United States, investing in and offering strategic opportunities to these Centers of Excellence so that physicians can focus on what matters most: taking care of their patients. Learn more at firstfertility.com.

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Coastal Cloud recognized in Salesforce Partner Innovation Awards

 

Palm Coast, FL – October 6, 2021 – Coastal Cloud announced that it has demonstrated excellence in Customer Success showcasing leadership within the Salesforce ecosystem.

For this innovative work, Coastal Cloud has been named a recipient of the Salesforce Partner Innovation Award in Customer Success.

Coastal Cloud’s adherence to the partner program and adoption of the navigator process with a focus on customer satisfaction has led to the company’s recognition with a Partner Innovation Award two years in a row. With a large team of over 350 experts holding more than 1,000 Salesforce certifications, Coastal Cloud credits its vast expertise to consistently high client satisfaction.

“Customer satisfaction is the foundation we were built on,” said Tim Hale, co-founder and managing partner of Coastal Cloud. “With a culture that promotes flexibility and appreciation, a cycle of success is established between employees and customers.”

“It’s inspiring to see Partner Innovation Award winners such as Coastal Cloud drive success for customers through a relentless focus on delivering high quality service and forging long-term relationships,” said Tyler Prince, Executive Vice President, Alliances & Channels, Salesforce. “Coastal Cloud’s initiative and ability to deliver results illustrates how Salesforce partners are integral to creating value and enabling digital transformation in our new work-from-anywhere world.”

Salesforce partners such as Coastal Cloud are part of the growing Salesforce economy, which according to a new study by IDC*, is projected to produce more than 9 million new jobs and $1.6 trillion in new business revenue by 2026. The study finds that Salesforce is driving massive gains for its partner ecosystem, which will see $6.19 in gains for every $1 Salesforce makes by 2026.

*​​IDC White Paper, sponsored by Salesforce, “The Salesforce Economic Impact,” doc #US48214821, September 20, 2021

About Coastal Cloud

Coastal Cloud is a Salesforce Multi-Cloud Expert Partner that provides consulting, implementation and managed services to businesses, nonprofits, and the public sector. Founded in 2012, the company offers insight and expertise into a wide variety of industries, including communications and media, healthcare, high-tech, manufacturing, private equity and more. Coastal Cloud has earned a 5/5 customer satisfaction rating on the Salesforce AppExchange and is the #1 rated consulting partner on G2Crowd.com. Coastal Cloud attributes its success to a unique company culture, nimble expertise, and onshore-only teams. For more information, please visit www.CoastalCloud.US.

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