Author: gradycampbell

New York, NY – September 23, 2015 – Sverica Capital Management LLC (“Sverica”), a private equity investment firm, announced today it closed on the sale of MC Sign Company (“MC Sign”) to Caltius Equity Partners (“Caltius”). Based in Mentor, OH, MC Sign provides mission critical signage and lighting services to a variety of multi-site industries, including quick serve restaurant, retail, convenience stores, and hospitality.

Sverica acquired a majority interest in MC Sign in 2008. Over the course of its investment, Sverica guided the company through robust top line growth, identified & entered high growth adjacent service lines, and completed one add-on acquisition.

“We are proud to have been partners with MC Sign and its talented management team,” said Dave Finley, Managing Director at Sverica. MC Sign has grown from a company focused on sign installation and maintenance, to a diversified facilities maintenance organization serving a number of trades including lighting and electrical. Both Sverica and management felt it was an opportune time to explore another financial partner.”

“Sverica has been a tremendous partner, said Timothy Eippert, MC Sign’s Chief Executive Officer. Their strategic guidance has been invaluable to our success. The company would not have achieved what it has without Sverica.” “Sverica’s growth-oriented investment model and analytical support has helped MC Sign increase revenue by nearly 65% during their ownership.”

About MC Sign Company
MC Sign is a leading national sign and lighting company, meeting customers’ needs from new sign design and manufacturing, installation, on-demand service as well as lighting upgrades and retrofits. MC Sign is proactive in its strategic plans by investing time and resources into developing products and services that bring value to its current and potential customers. The company’s experienced project managers and customer services representatives provide cost-effective sign and lighting products and services for some of the largest retail, restaurant, hospitality, and financial companies in the United States and Canada. For more information, visit http://www.mcsign.com

DeFY partners with best-in-class and emerging cybersecurity technology vendors to build tailored security programs for its clients, which include leading enterprises in the financial services, healthcare, manufacturing, and retail verticals throughout the United States. DeFY provides front-end consultation and assessment services, as well as integration, testing, and support services across a wide variety of security technologies.

“The DeFY team is excited to announce our partnership with Sverica as we continue to drive growth with a strategic investor who has experience in cybersecurity. We have established a great long-term relationship with the Sverica team dating back to their investment in Accuvant, and are excited to be working with them again as we endeavor to build a best-in-class cybersecurity solutions provider”, said Justin Domachowski, Founder and CEO of DeFY. Domachowski will continue to lead the Company, while Frank Young, Managing Partner at Sverica, and Michael Dougherty, Vice President at Sverica, will join DeFY’s Board of Directors as part of the transaction. David Roshak, the former CFO of Accuvant and Optiv, will also be joining the Board as an Independent Director.

“In just a few short years, Justin and the DeFY team have rapidly built a successful business and developed extremely strong customer relationships with a number of leading enterprises. We look forward to partnering with Justin and DeFY to help guide the Company through continued growth and national expansion”, said Frank Young, Managing Partner at Sverica.

Michael Dougherty, Vice President at Sverica, added “We believe DeFY is well-positioned to capitalize on the continued positive tailwinds in cybersecurity. The landscape of technologies and threats is evolving daily and increasing in complexity. DeFY can help enterprises navigate this environment to build robust security programs, as well as expand the reach and effectiveness of its technology partners.”

About DeFY Security
DeFY is a leading cybersecurity solutions provider based outside of Pittsburgh, Pennsylvania. DeFY partners with top cybersecurity technology vendors to deliver solutions that meet the needs of enterprise clients across a variety of industries. Founded in 2017, DeFY has rapidly grown to become a leader in the space. For more information, please visit https://www.defysecurity.com/.

New York, NY – September 2, 2015 – Sverica Capital Management LLC (“Sverica”), a private equity investment firm, announced today it closed on its sale of RestorixHealth, Inc. (“RestorixHealth”) to an investment group led by Leonard Green & Partners, L.P. (“Leonard Green & Partners”). Based in Tarrytown, NY, RestorixHealth provides comprehensive, turnkey wound care management solutions to hospitals.

Sverica acquired a majority interest in RestorixHealth (then The Center for Wound Healing) in December 2010. Over the course of its investment, Sverica optimized the organizational structure of the business, added depth to the management team, guided the company through double digit organic growth, and completed three add-on acquisitions.

“We are thrilled to have been partners with RestorixHealth through a transformative phase in the company’s development,” said Dave Finley, Managing Director at Sverica. “RestorixHealth has grown from a regional operator to a bona fide industry leader with a national footprint. Both Sverica and management felt it was an opportune time to explore another financial partner. Leonard Green & Partners is the ideal partner to help guide management in the continued growth of RestorixHealth.”

“Sverica has been a fantastic partner for RestorixHealth. Their strategic input has been invaluable to our success. The company wouldn’t be where it is today without their board level oversight and involvement,” said Steve McLaughlin, RestorixHealth’s Chief Executive Officer. “Sverica’s growth-oriented investment model facilitated the company’s nearly quadrupling of treatment centers during their ownership.”

“RestorixHealth has established itself as a leader in the wound care management industry and has built a fantastic business by focusing on value added solutions for their customers,” said John Baumer, Partner at Leonard Green & Partners. “We look forward to working with Steve and the team to support the next phase of the Company’s growth.”

About RestorixHealth
RestorixHealth is a leading manager of comprehensive wound care treatment centers that offer advanced wound care modalities as well as hyperbaric oxygen therapy (“HBOt”). The Company manages wound care centers nationwide in partnership with local acute care hospitals. RestorixHealth was founded by physicians in 1997 with a focus on establishing in-hospital centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments. The Company’s centers have consistently achieved high treatment success rates, resulting in a dramatic increase in patient quality of life and significant cost savings to the healthcare system. For more information, visit http://www.restorixhealth.com

Denver, Colorado and Overland Park, Kansas – November 5, 2014 – Accuvant and FishNet Security, two leading providers of information security services and solutions, today announced that they have signed a definitive agreement to join forces and create a new, combined company. This move brings together the complementary strengths of the two organizations, creating a new provider with a broader suite of services, smarter solutions, more expertise and expanded reach to innovate and meet customers’ complex and rapidly expanding global information security needs.

The transaction is financed by Blackstone private equity funds and financial terms are not being disclosed. Current investors of both organizations, including existing management, the private equity firm Sverica International and FishNet Security’s corporate owner, Investcorp, are maintaining minority equity interests in the new, combined company. The transaction is expected to close in the first quarter of 2015 pending relevant regulatory approvals.”

“The coming together of Accuvant and FishNet Security is entirely about growth and transformation – about joining two respected companies and continuing to evolve the new, combined entity to better meet our customers’ needs,” said Dan Burns, Accuvant chief executive officer. “The leadership of both companies realized that we had been trying to solve many of the same problems for our customers, but in slightly different ways. When we put the two companies together, we will add strength to our similarities and options with our diversity, creating more value for our customers. We are excited to bring Accuvant and FishNet Security together, and strongly believe this union represents an unprecedented opportunity for our collective companies, customers, employees and partners.”

The new, combined company will have depth, breadth, scale, financial resources, and the industry’s most talented people to research and solve specific or complex customer security problems, as well as those of the industry at large. It will bring together:

– More than 1,400 total employees focused on serving customers;

– More than 650 highly skilled consultants and engineers, delivering a full suite of information security risk and compliance consulting, as well as managed security services and product services;

– Best practices and real-world experience gained from working with more than 10,000 customers of various sizes across multiple industries;

– Partnerships with all of the leading security product manufacturers; and

– 60 offices, training and security operations locations across the United States and Canada.

The coming together of Accuvant and FishNet Security provides its combined customer base with greater benefits through improved access to resources, services and solutions. Specifically the new, combined company will offer:

Broader suite of services:

expanded insights, resources, supplier relationships, and scale to better service customers faced with the increasing velocity and severity of malicious cyber security attacks.

Smarter solutions:

combined and focused research and development investments to bring more effective and efficient solutions to customers.

More expertise:

a deeper bench of information security professionals with diverse strategic and technical expertise.

Expanded reach:

extended geographic footprints in the U.S., enabling the new, combined company to provide enhanced services and support to its North American customers.

About Accuvant
Accuvant, a Blackstone (NYSE: BX) portfolio company, is a leading provider of information security services and solutions serving enterprise-class organizations across North America. The company offers a full suite of service capabilities to help businesses, governments and educational institutions define their security strategies, identify and remediate threats and risks, select and deploy the right technology, and achieve operational readiness to protect their organizations from malicious attack. Founded in 2002, Accuvant has been named to the Inc. 500|5000 list of fastest growing companies for the last eight consecutive years. The company is headquartered in Denver, Colo., with offices across the United States and Canada. Further information is available at http://www.accuvant.com.

About Fishnet
FishNet Security, an Investcorp portfolio company, is a leading provider of information security solutions, combining technology, services, support and training. Since 1996, the company has repeatedly been recognized for its rapid growth, high customer satisfaction and continuous business innovation. Today, FishNet Security has 29 regional offices, including nine training facilities, two product testing laboratories and two security operations centers that monitor and support customer networks. For more information, visit FishNet Security’s website athttp://www.fishnetsecurity.com.

Boston, Massachusetts – October 22, 2014: Sverica International Management LLC (“Sverica”), a private equity investment firm, announced today that its Fund III acquired Resonetics, LLC (“Resonetics”) on October 21, 2014. Resonetics is a leading supplier of laser micromachining solutions to the life sciences industry with a particular focus on polymers.

Resonetics supports its customers with a state-of-the-art prototyping and process development center and a technical team of more than 30 engineers and scientists and 50 laser workstations of various technologies. These workstations can create features as small as one micron, a fraction of a human hair, in a scalable and reproducible manner. “We’re excited to partner with Sverica as we embark upon the next phase of our growth strategy.” said Tom Burns, Chief Executive Officer of Resonetics. “Their expertise and experience working with specialty manufacturers, as well as their access to capital will be important as we capitalize on the expanding market needs we’re seeing.”

Dave Finley, Managing Director at Sverica, added: “We are excited to work with Tom and the rest of the team at Resonetics. The outsourcing trends and shift to miniaturization and polymers play to the Company’s strengths. Resonetics will be a great addition to the Sverica portfolio, as it fits well with our focus on niche manufacturers that have track records of success and demonstrated growth prospects.”

About Resonetics
Resonetics provides laser micromachining manufacturing services for medical device and diagnostic companies, as well as other markets requiring precision laser processing of polymers and glass. The Company offers the world’s largest capacity for laser micromachining polymers in ultra-violet wavelengths and its expertise with polymers and with features as small as one micron is unmatched. The company also designs, builds and services purpose-built laser workstations to meet specific customer needs. With more than 25 years of experience and a dedicated development lab staffed with PhDs, optical scientists and process experts, the company delivers solutions for the most demanding polymer micromachining challenges. Resonetics is headquartered in Nashua, New Hampshire. For more information, please visit http://www.resonetics.com.

Denver, Colorado – April 22, 2014 – Sverica International Management LLC (“Sverica”), a private equity investment firm, announced today it closed on its sale of a majority stake in Accuvant, Inc. (“Accuvant”) to Blackstone (NYSE: BX) (“Blackstone”). Based in Denver, Colorado, Accuvant is a leading provider of information security solutions and services to enterprise-class organizations. Sverica will retain a minority interest in the business and remain active on the Board of Directors.

Sverica acquired a majority interest in Accuvant in July 2008. Over the course of its investment, Sverica optimized the organizational structure of the business, added depth to the management team, enhanced strategic focus on Accuvant’s Managed Security Services business, and assisted management in successfully navigating the company through an extended period of rapid growth.

“We are thrilled to have been partners with Accuvant management since 2008 during a massive phase of growth for the company,” said Frank Young, Managing Director at Sverica. “Accuvant has now reached a size and scale where we feel it is the right time to explore adding another financial partner, and Blackstone is the ideal fit, given their depth of knowledge in security. We look forward to partnering with them and continuing to work with Dan Burns and his team for the next phase of growth.”

“Sverica has been a fantastic partner for Accuvant. Their strategic input has been invaluable to our success. The company wouldn’t be where it is today without their board level oversight and involvement,” said Dan Burns, Accuvant Co-Founder and Chief Executive Officer. “I am pleased they will remain involved and provide board continuity as we seek to accelerate our pace of innovation and expansion through the Blackstone investment.”

About Accuvant
Accuvant is a leading provider of comprehensive information security solutions and services to enterprise-class organizations. Accuvant helps businesses, governments, and educational institutions successfully plan, build, and operate their security systems and programs effectively. Accuvant’s mission is to maximize value for clients, partners, employees, and shareholders through an unrivaled passion for information security. Accuvant has served over 5,500 clients since its founding in 2002, including more than half of the Fortune 100 and nearly half of the Fortune 500. For more information, http://www.accuvant.com.

Boston, Massachusetts – September 16, 2014 – Sverica International Management LLC (“Sverica”), a private equity investment firm, announced that its portfolio company, RestorixHealth, a comprehensive wound care management company, had acquired Paradigm Medical Management (“Paradigm”). Paradigm, also a wound care management company, operates outpatient wound care centers and the Amputation Prevention Centers of America™ network. The combination creates one of the largest and most progressive wound care service providers in the United States.

Chronic wounds are a significant health problem affecting millions of people. That number is growing rapidly due in part to an aging population and a sharp rise in the incidence of diabetes and obesity. Caring for chronic wounds requires specialized care and advanced training, and as chronic wounds become more prevalent, the demand for specialized wound care centers also increases.

Sverica initially invested in RestorixHealth (formerly the Center for Wound Healing) in December 2010. Since then, RestorixHealth has grown to the second largest operator of outpatient wound care clinics in the United States. Sverica identified Paradigm as an acquisition target, initiated discussions and lead negotiations. Sverica has further supported the company in building its management team, setting strategic direction, identifying add-on targets, and securing several rounds of debt financing. The acquisition of Paradigm is the third add-on acquisition completed by RestorixHealth.

About RestorixHealth
RestorixHealth develops and manages comprehensive wound care centers of excellence that offer advanced treatment therapies along with hyperbaric oxygen therapy. Founded by physicians in 1997 to treat the growing incidence of chronic, non-healing wounds, RestorixHealth’s centers utilize a quality- and data-driven approach to consistently achieve high treatment success rates, resulting in a dramatic increase in patient quality of life. The company currently manages centers throughout the United States in partnership with hospitals and health care facilities. For more information, visit http://www.restorixhealth.com.

Boston, Massachusetts – January 7, 2014 – Sverica International Management LLC (“Sverica International” or “Sverica”), a private equity investment firm, announced today that it made an additional equity investment in RestorixHealth, a comprehensive wound care management company. The investment supports RestorixHealth’s acquisition of Candescent Healing, which operates outpatient wound care centers. The combination creates one of the largest networks of wound care service providers in the United States.

Chronic wounds are a significant health problem affecting millions of people. That number is growing rapidly due in part to an aging population and a sharp rise in the incidence of diabetes and obesity. Caring for chronic wounds requires specialized care and advanced training, and as chronic wounds become more prevalent, the demand for specialized wound care centers also increases.

Sverica initially invested in RestorixHealth (formerly the Center for Wound Healing) in December 2010. Since then, RestorixHealth has more than doubled the number of outpatient centers under management through organic, de novo development. In addition to its equity investment, Sverica has supported the company in building its management team, in setting strategic direction, identifying add-on targets, and securing several rounds of debt financing. The acquisition of Candescent Healing is the second add-on acquisition completed by RestorixHealth.

About RestorixHealth
RestorixHealth develops and manages comprehensive wound care centers of excellence that offer advanced treatment therapies along with hyperbaric oxygen therapy. Founded by physicians in 1997 to treat the growing incidence of chronic, non-healing wounds, RestorixHealth’s centers utilize a quality- and data-driven approach to consistently achieve high treatment success rates, resulting in a dramatic increase in patient quality of life. The company currently manages centers throughout the United States in partnership with hospitals and health care facilities. For more information, visit http://www.restorixhealth.com.

Calgary, Alberta – September 23, 2013 – Sverica International, a private equity investment firm, announced today the sale of its portfolio company Pivot Data Centres Inc. (“Pivot”) to Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) (“Rogers”) for C$155 million. Based in Calgary, Alberta with an additional facility in Edmonton, Alberta, Pivot is a leading data centre solutions provider in Western Canada, specializing in colocation as well as data centre design, maintenance, and relocation.

Sverica acquired a controlling interest in Pivot (formerly Care Factor Computer Services Inc.) in November 2009. Over the course of its investment, Sverica enhanced strategic focus on Pivot’s colocation services, identified Edmonton as an attractive growth market, added depth to management, and facilitated capital investment for significant capacity expansion to support rapid growth.

“Sverica identified the growth opportunities available in colocation and the Western Canadian market specifically, and the vision we shared with management for Care Factor in 2009 is embodied in Pivot’s accomplishments since and its momentum today,” said Frank Young, Managing Director at Sverica. “Pivot has emerged as a leader in Alberta due to its steadfast focus on delivering flexible and reliable colocation services to its clients, and this commitment to client service and support from a strong partner like Rogers will position Pivot for continued growth. This transaction represents a great outcome for Sverica’s investors and Pivot’s management and employees.”

“It has been a privilege working with Sverica, and the Board as the CEO of Pivot, and I am very proud of what we have accomplished,” said Pivot’s CEO Michael Koury. “This transaction is a huge milestone and it represents a tremendous endorsement for all the hard work and effort from Pivot employees over many years in building a great company. Looking forward, we are very excited to be joining Rogers’ Business Solutions as part of the BLACKIRON Data brand. Pivot’s footprint in Alberta helps to complement Rogers’ data centre coverage nationwide, making this an excellent fit.”

About Pivot

Pivot Data Centres provides tailored and flexible co-location data centre solutions that deliver peace of mind through an unwavering commitment to service and quality. It’s their focus today, and it has been their commitment – day in, day out – for nearly a quarter century. With a client base consisting of government, large enterprises, and an extensive roster of medium and small business, Pivot is a leading privately-held co-location provider in Western Canada and offers carrier-neutral facilities, vendor-agnostic infrastructure platforms, high-density solutions, and SSAE 16 and PCI compliancy. Pivot Data Centres operates three co-location data centres in Alberta: two in Calgary and one in Edmonton. www.pivotdci.com.

San Francisco, California – December 18, 2013 – Sverica International Management LLC (“Sverica”), a private equity investment firm, announced today that it has made a growth equity investment in 7Summits, LLC (“7Summits”), a rapid growth company with headquarters in Milwaukee, Wisconsin. 7Summits is a leading provider of social business consulting and agency services, assisting clients to transform their businesses and drive results through online community creation, activation and adoption. Among the many awards the Company has received since its founding in 2009, 7Summits was recognized as Jive Software’s MVP – Partner of the Year for 2012.

In its short history, 7Summits has served an impressive list of large Fortune 500 organizations and established itself as a domain expert and leader in the rapidly growing market for social business technology and services. “Companies are looking to leverage social networking to transform their business across every functional area as we help them to engage their employees, partners and customers to help build their business,” commented Paul Stillmank, Chief Executive Officer of 7Summits. “We look forward to working with Sverica and leveraging their deep experience as we continue to aggressively grow our business and expand into new markets.”

Jordan Richards, Managing Director at Sverica, added: “We are impressed by the talented team of social business experts, the strong client relationships, and the track record of quality work product that 7Summits has built in its short history. 7Summits has demonstrated an impressive level of sustained growth while driving profitability, making the company a great addition to our portfolio. We are excited to partner with Paul and his management team to expand 7Summits’ leadership position in this nascent market and capitalize on growing demand for social business solutions.”

About 7Summits
7Summits LLC is a social business solutions provider founded in 2009 to help companies engage customers, partners and employees to help grow their businesses. 7Summits delivers top line revenue growth and bottom-line productivity improvement by focusing on both consumer influence and employee collaboration. The Company works with dozens of Fortune 500 brands to transform key business processes and become more fully networked enterprises. 7Summits offers deep expertise in social business strategy, community experience design, platform development and integration, as well as community activation. 7Summits is headquartered in Milwaukee, Wisconsin. For more information, please visit http://www.7summitsagency.com.

Wallingford, Connecticut, March 6, 2013: Sverica International Management LLC (“Sverica”) announced today that its Fund III acquired Dexmet Corporation (“Dexmet” or the “Company”) on March 1, 2013. Dexmet develops and manufactures highly engineered expanded foils and polymers used in a variety of end markets. The Company provides solutions for a range of mission critical applications, including lightning strike protection for major composite aircraft manufacturers, anodes and cathodes for advanced battery technologies and supportive materials for filtration and automotive applications. It counts as its customers dozens of global blue chip industrial leaders.

Dexmet has established itself as the leading provider of precision expanded materials worldwide and is well-positioned for continued growth moving forward. “This partnership with Sverica comes at an exciting time for Dexmet,” stated Bob Bochman, President of Dexmet. “Sverica shares our long-term view of the considerable market opportunity for Dexmet’s products and will help us become even better strategic partners for our customers.”

Dave Finley, Managing Director at Sverica, added: “We are excited to partner with Bob Bochman and the rest of the Dexmet team. Dexmet will be a great addition to the Sverica portfolio, as the Company fits well with Sverica’s dedicated focus on niche manufacturers of specialty materials with track records of success and demonstrated growth prospects.”

About Dexmet Corporation
Dexmet is a global leader in the development and manufacturing of highly engineered expanded foils and polymeric materials used in aerospace, battery, industrial, and other applications where precision characteristics are required. With a history dating back to 1948, Dexmet is a pioneer in the development of proprietary material expanding technology and equipment, including industry leading thinness and widths for product-specific applications. Dexmet partners and works closely with its customers to stay at the edge of new industrial technologies and applications. Dexmet is headquartered in Wallingford, Connecticut. For more information, please visit www.dexmet.com.