Author: gradycampbell

Boston, Massachusetts – August 15, 2019 – Sverica Capital Management LP (“Sverica”) today announced the sale of Dexmet Corporation (“Dexmet” or the “Company”), a market-leading provider of expanded metal materials, to PPG.  This marks the culmination of a successful partnership with Dexmet, during which the Company experienced strong growth over Sverica’s six-year investment period.

After acquiring a majority position in Dexmet in 2013, Sverica helped refine the Company’s strategy, build a first-class Board of Directors, facilitate a leadership succession and oversee the Company’s ascent to becoming a preeminent provider of lightning strike protection solutions to the commercial aviation industry.

“Dexmet’s business development of long-term aviation and power storage programs over these past six years would not have been possible without a tremendous executive team, experienced independent board directors, expertly-run operations and a superior proprietary technology,” said Dave Finley, Managing Partner at Sverica. “We are grateful to have served as the Company’s capital partner, and are thrilled with what we were able to accomplish together.”

“Sverica has been a fantastic partner and was instrumental in helping us scale and achieve this favorable outcome,” said Tim Poor, Chief Executive Officer. “We are proud of what the Company has accomplished over the six years that Sverica has been associated with us.”

About Dexmet
Headquartered in Wallingford, Connecticut, Dexmet is the leading provider of customized, highly-engineered expanded metal foils and polymers for mission-critical applications including lightning strike protection, power storage technology and structural technology. The Company maintains a diverse, impressive customer base predicated upon its reputation as the premier, quality supplier of precision-expanded metal foils and polymers. Dexmet’s ability to custom-engineer solutions to customers’ highly demanding specifications is unmatched in the industry. For more information, please visit https://www.dexmet.com/.

San Francisco, California – May 2, 2019: Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that its portfolio company, Synoptek, has acquired Dynamics Resources, a Microsoft Gold Partner specializing in Microsoft Dynamics 365, AX, and CRM implementation & support services. The acquisition helps strengthen Synoptek’s competencies in Microsoft’s growing cloud and business applications platforms, as well as expands the Company’s presence in the Midwest market.

“Very simply, this deal will help Synoptek achieve greater business results for our customers. Microsoft has one of the most comprehensive business and cloud solutions in the market. Dynamics Resources has one of the most experienced Microsoft business solutions teams in the industry. This is a perfect match,” said Tim Britt, CEO of Synoptek. “We expect our Microsoft application services business to grow significantly moving forward as a result of the combined resources of our companies.”

“With an impressive track record of growth and customer service for more than 15 years and significant Microsoft application expertise, the acquisition of Dynamics Resources aligns well with our current strategy to focus on high value application-level services,” added Frank Young, Managing Partner at Sverica.

Along with their current IT Leadership, Consulting, and Managed Services, Synoptek will be able to offer additional capabilities with Dynamics Resources, including:

• Business systems implementation and planning, with significant expertise in ERP and CRM deployments
• Skilled application service delivery personnel across Microsoft Dynamics (365, AX, CRM), Power BI for Office 365, Azure Data Factory, Azure SQL Data Warehouse, Azure Analysis Service, and Tableau

The Dynamics Resources deal marks the third acquisition for Synoptek under Sverica’s ownership, following the acquisitions of INDUSA in July 2018 and Earthlink’s IT Managed Services business in February 2016.

About Synoptek
For nearly 20 years, Synoptek has provided consulting and technology management services to innovate and help organizations – from mid-market to Fortune 100 – achieve their vision for growth. They embrace the dynamic world of technology with exceptional leadership, planning and agility to help their clients succeed. Synoptek has over 700 employees serving more than 1,100 clients around the world with headquarters in Irvine, California and offices across North America, Europe, and India. For more information, please visit http://www.synoptek.com.

San Francisco, California – April 17, 2019 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has made a strategic investment in Stream Companies, LLC (“Stream” or the “Company”), a rapidly growing marketing solutions provider primarily serving the automotive industry.

Based in Malvern, Pennsylvania, Stream serves many of the top automotive original equipment manufacturers and dealerships with a comprehensive suite of dedicated marketing services and cutting-edge software through its proprietary FullThrottle platform. Stream’s transparent client service philosophy and its deep expertise and broad capabilities, covering both digital and traditional media strategies, have helped its customers to promote their brands, drive high levels of consumer traffic and gain share in their markets.

David Regn and Jason Brennan have engineered Stream’s steady growth since co-founding the Company in 1996, and will continue to lead Stream going forward. Sverica’s investment aims to help Stream increase its leadership in emerging digital media, accelerate development of its software products (including its Shopper Suite predictive intelligence tool), and expand its strong team to maintain industry-leading customer satisfaction while meeting increased demand.

“Sverica has a track record of bringing high-level strategic guidance, talent development and analytic support to their partners.  We couldn’t be more pleased to be partnered with Jordan, Ryan and the team,” said Co-Founders David Regn and Jason Brennan.

“We are excited to partner with David and Jason to build upon their twenty-two years of consecutive growth and industry-leading customer and employee satisfaction.  The Stream team has created a compelling technology-enabled solution that provides unique value to its customers, thus positioning Stream for continued success,” said Jordan Richards, Managing Partner at Sverica.

Ryan Harstad, Principal at Sverica, added “Auto dealers and other consumer-facing businesses face intensifying competition for retail traffic amidst a rapidly evolving landscape of marketing vendors, media, and technology. After years of market research, Sverica is confident that David, Jason, and the rest of ‘Team Orange’ have uniquely positioned Stream to give clients the edge they need to succeed.”

About Stream Companies
Stream Companies is an Integrated Advertising Agency and a SaaS based technology company for the retail and automotive industries. With over 20 years of experience in advertising and digital marketing, Stream Companies uses a data driven and solutions-oriented approach to support businesses across the U.S. with their services. The company has been recognized by The Philadelphia Inquirer, Daily News and Philly.com as a 2019 Top Workplace, a 2018 Best Places to work in Pennsylvania, and is the recipient of the AWA’s Vanguard and Rising Star Awards for their FullThrottle Marketing Suite.  For more information, please visit www.streamcompanies.com.

Boston, Massachusetts – April 3, 2019 – Sverica Capital Management LP (“Sverica”) announced today that the Institute for Women’s Health (“IFWH”) has joined Women’s Health Texas (“WHT”), a joint venture partner of Women’s Health USA (“WHUSA”).

Since 1996, IFWH has been committed to exceptional women’s healthcare and includes more than 30 physicians at 8 locations. This new arrangement will make IFWH part of the Women’s Health Texas physician group and will allow both groups to expand their influence as a leading and high-performance women’s care delivery network in Texas, sharing collective resources and learnings to provide an exceptional patient experience. The groups will draw on the more than 20-year expertise of Women’s Health USA, a leading MSO in the women’s health space, for their management services.

Paul Murphree, MD, who serves as Chairman of Women’s Health Texas Board of Directors as well as President of the organization, spoke enthusiastically about the expansion and the potential it brings. “We see joining with IFWH as a very important piece in the Women’s Health Texas growth plan as we continue to expand in Texas. IFWH has a strong and reputable foundation in the San Antonio market that complements what we have already created in the Austin area.”

Karen Carcamo, MD, the 2020 President Elect of the IFWH group, stated “We are excited to work with Women’s Health Texas and believe it will enhance our efforts to bring the most advanced, innovative, and highest quality medical care to our communities. This partnership allows our physicians to focus more on patient care while leveraging expertise in the business aspects of our practice.”

Goran Dragolovic, CEO at Women’s Health USA, commented on the company’s market and purpose: “Our mission is to support physicians in the women’s health field by protecting their clinical autonomy and allowing them to maintain control of their practice, and by empowering them to more effectively design and deliver optimal care for their patients.” The addition of this new group expands Women’s Health USA’s visibility as a premier women’s health services company – with nearly 90 providers throughout Texas and more than 350 other providers in other states.

About Women’s Health USA
Women’s Health USA partners with ObGyn, reproductive endocrinology, and other specialty women’s health practices across the United States.  It has a 20-year history of implementing creative growth strategies supporting streamlined operational costs, payer alignment, merger and acquisition plans, ancillary services development, marketing, and risk management services.  Its unique partnership model enables physicians and physician groups to maintain their independence, while leveraging the resources of a national organization.  For more information, please visit www.whusa.com.

Boston, Massachusetts – February 14, 2019 – Sverica Capital Management LP (“Sverica”) announced today that Women’s Health USA (“Whusa”) has finalized an expansion, and long-term extension, of its business partnership with Women’s Health Connecticut (“WHC”).  WHC is a group of 250+ OBGYN physicians and mid-level providers across 80 locations in Connecticut.

Dr. Richard Ruben, who is a practicing physician while he serves as Chairman of the WHC board, spoke enthusiastically about this partnership expansion and the potential it brings for continuing future success. “We look forward to our ongoing partnership with Women’s Health USA and with Nancy Bernstein, who continues as CEO of Women’s Health Connecticut. Our dual focus will be on maintaining our leadership position as an OBGYN specialty group and on broadening our strategies so that we can better meet patient demand for convenience and care coordination. This partnership allows us to maintain our focus on the best patient care as we move into our next stage of growth.”

Goran Dragolovic, CEO at Women’s Health USA, commented on the news: “Women’s Health Connecticut, and its impeccable reputation, has long been a vital partner to us. Our very strong, durable, and collaborative relationship allows us to integrate our respective strengths and competencies to further advance the interests of women’s health within a rapidly changing healthcare environment. We are energized by this partnership expansion, as we work together to preserve and expand the unique contribution and impact of independent providers of women’s care.

The addition of this new partnership expands Women’s Health USA’s visibility as a premier national women’s health services company – now active in 6 states and serving more than 750,000 patients annually.

About Women’s Health USA
Founded in 1997, WHUSA partners with OBGYN, reproductive endocrinology, and other specialty women’s health practices across the United States. It has a 20-year history of implementing creative growth strategies supporting streamlined operational costs, payer alignment, merger and acquisition plans, ancillary services development, marketing, and risk management services. Its unique partnership model enables physicians and physician groups to maintain their independence, while leveraging the resources of a national organization.  For more information see www.whusa.com.

Boston, Massachusetts – February 5, 2019 – Sverica Capital Management LP (“Sverica”) announced today that Resonetics has acquired Caribou Technologies (“Caribou”), based in Blaine, Minnesota, a leading supplier of centerless grinding, forming, coiling, machining and laser processing for the medical device industry. In addition to servicing the large number of medical device manufacturers in the Minneapolis market, Caribou has built a strong and growing customer base in high growth market segments around the world. Since being founded in 2005 by Dan and Wendy Honeck and Connie Magnuson, Caribou has grown consistently by developing novel engineered solutions and adding new capabilities to enhance the customer experience.

“Connie, Dan and Wendy have established a great reputation in the industry by building a talented team and providing innovative manufacturing processes,” said Tom Burns, President and CEO, Resonetics. “They’ve also invested in an impressive 50,000 square foot facility that highlights their commitment to their employees and customers and provides a great venue to serve our expanding business needs.” The acquisition broadens Resonetics’ capabilities in several important growth markets, most notably neurovascular, structural heart and other interventional specialties, adding new manufacturing capabilities to produce tightly toleranced metal components and sub-assemblies for leading edge devices.

“We are very proud of what we’ve created at Caribou Technologies,” expressed Dan Honeck. “We’ve remained true to our original promise of building a great company and redefining customer experiences and have been rewarded with a great group of employees and many loyal customers.” Added Connie Magnuson, “It’s been exciting to experience our growth over the past 14-years. We know there is much more that can be achieved, and we look forward to working with the Resonetics team to continue to build a special company on a larger scale.”

About Resonetics
Founded in 1987, Resonetics is a pioneer in laser micro manufacturing and provides contract manufacturing services to the life sciences industry. Resonetics designs, builds and integrates its own laser workstations to solve complex manufacturing challenges and has invested heavily in leading edge technology. Combining state-of-the-art laser systems with a large and innovative technical team allows Resonetics to partner with customers and provide winning solutions that meet all technical, quality and economic requirements. Learn more at www.resonetics.com. Resonetics was acquired by Sverica in October 2014 and recapitalized by Sverica in February 2018 with GTCR taking a majority stake and Sverica and Resonetics management retaining a minority stake in the company.

Boston, Massachusetts – August 21, 2018 – Sverica Capital Management LP (“Sverica”) today announced that it had acquired a majority interest in Gener8, LLC (“Gener8”).  The investment marks Sverica’s sixth investment from its fourth fund.

Based in Sunnyvale, CA, Gener8 designs and manufactures life science instrumentation, complex clinical devices as well as advanced industrial systems, leveraging expertise in microfluidics, optics, electronics and embedded systems. Its capabilities include end-to-end design, development, prototype and low-to-medium volume manufacturing. David Klein, founder and CEO, said “Gener8 has independently grown to be a significant player in the technology design, engineering and manufacturing space, but in partnership with Sverica, and the associated experience and capital they bring, Gener8 will be well-positioned to realize its long-term potential as a global provider of technology solutions.”

Dave Finley, Managing Partner at Sverica said, “Our interest in Gener8 was born out of our experience in medtech manufacturing. Gener8 occupies a compelling position at the intersection of technological trends and the commercialization of IP. Sverica is excited to partner with the Gener8 team to build a leader in the engineering and production of turnkey medical and industrial technologies.” Gregg Osenkowski, Principal at Sverica added, “We were attracted to Gener8 based on their combination of broad, multidiscipline engineering competencies together with manufacturing operations, which our research showed to be a true differentiator.”

About Gener8
Gener8, founded in 2002, is a leading provider of turnkey design and manufacturing services specializing in high complexity products, primarily for medical device, diagnostics and industrial applications. Gener8 maintains state-of-the-art facilities and a world-class engineering team with more than 30 PhDs spanning a multitude of disciplines, including electrical, mechanical, software, optical and systems engineering.  For more information, please visit www.gener8.net.

San Francisco, California – October 25, 2018 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that they have made an investment in Gorilla Logic (“Gorilla Logic” or the “Company”). The investment marks Sverica’s seventh platform investment from its fourth fund.

Based in Boulder, CO, Gorilla Logic provides software development and consulting services through high-performance, distributed Agile teams both onshore in the U.S. and nearshore from its development center in Costa Rica. Gorilla Logic’s capabilities include UI / UX design, front and back end development, DevOps, QA, Security, IoT, and Big Data for both web and mobile applications, with a cloud-first approach as a Microsoft Gold Partner, and an Amazon Web Services (AWS) Consulting Partner.

Stu Stern, CEO and co-founder said “We are excited for Gorilla Logic to enter into the next phase of growth and capitalize on the foundation we’ve built as a leading provider of nearshore Agile software development teams. Sverica has a track record of supporting companies at our stage through continued growth, and they recognize the value of our service offering as well as the strong culture of excellence that we’ve built at the Company. We are pleased to have them as Partners.”

“We believe Gorilla Logic is well-positioned for continued growth given the positive trends we see around the increasing proliferation and importance of software applications, digital transformation, and the adoption of DevOps and Agile software development methodologies. The Company’s longstanding relationships with blue chip enterprise customers signifies their ability to execute and truly become a strategic partner for the software development organizations they serve” said Frank Young, Managing Partner at Sverica.

About Gorilla Logic
Gorilla Logic was founded in 2002 and is headquartered in Boulder, CO with a nearshore software development center in San Jose, Costa Rica. The Company employs nearly 300 software developers with a wide range of full stack capabilities. Gorilla Logic partners with software development organizations of enterprises to increase their success rate and accelerate their time to market with purpose-built Agile software development teams. For more information please visit www.gorillalogic.com

Boston, Massachusetts – October 23, 2018 – Sverica Capital Management LP (“Sverica”) announced today that Resonetics has acquired STI Laser Industries, Ltd. (“STI”), based in Or Akiva, Israel, a leading supplier of laser processing, nitinol shape setting and electropolishing, and cleanroom assembly and packaging for the medical device industry. In addition to servicing the prolific startup community in Israel, STI has developed a global business with extensive customer relationships in the U.S., Japan, China and Korea. Since being founded in 1998 by Tovy Sivan, President & CEO, STI has grown rapidly by identifying unmet customer needs and responding aggressively with customized solutions.

“Israel is recognized around the world as an important medical device center and we are very excited to gain access to these customers with STI. Tovy’s entrepreneurial spirit and the strong management team he assembled have created an impressive business serving the structural heart, neurovascular and minimally invasive surgery markets. The acquisition also broadens Resonetics’ nitinol processing capabilities, an important capability to serve our growing interventional business” said Tom Burns, President and CEO, Resonetics.

“I am very proud of the position STI has built in the industry over the past 20 years” remarked Tovy Sivan. “By joining forces with Resonetics now, we can offer our customers a broader set of manufacturing capabilities with the resources necessary to support best-in-class prototyping and high-volume production options in Israel, the United States, Europe and Costa Rica. We are uniquely positioned to service a growing list of industry leaders and I look forward to continuing to build this business with the Resonetics team.”

STI is doubling the size of its operations in Or Akiva, 40 minutes North of Tel Aviv. Building 2 is under construction and will open in early 2020 to increase the Israel operation to 60,000 sq. ft. to accommodate the company’s growth and new manufacturing capabilities.

About Resonetics
Founded in 1987, Resonetics is a pioneer in laser micro manufacturing and provides contract manufacturing services to the life sciences industry. Resonetics designs, builds and integrates its own laser workstations to solve complex manufacturing challenges and has invested heavily in leading edge technology. Combining state-of-the-art laser systems with a large and innovative technical team allows Resonetics to partner with customers and provide winning solutions that meet all technical, quality and economic requirements. Learn more at www.resonetics.com. Resonetics was acquired by Sverica in October 2014 and recapitalized by Sverica in February 2018 with GTCR taking a majority stake and Sverica and Resonetics management retaining a minority stake in the company.