Author: gradycampbell

Akron, Ohio, October 11, 2012 – Sverica International (“Sverica”), an operationally-oriented middle market private equity group with offices in Boston and San Francisco, announced today it has completed a recapitalization and growth investment in Akron, Ohio based Inpatient Medical Services, Inc. (“IMS”). IMS is a leading provider of outsourced hospitalist physician programs to acute and post-acute care facilities and community primary care physicians in Northern Ohio.

IMS has established itself as a premier outsourced hospitalist management company in the Midwest by partnering with hospitals and primary care doctors to improve efficiency, clinical outcomes, and smooth transitions of care. Dr. Michael Huber, one of three shareholders of IMS, will remain with the company and assume the position of Chief Executive Officer. Commenting on the investment by Sverica, Dr. Huber said: “IMS has experienced tremendous growth over the last several years and developed a model of care that significantly reduces avoidable readmissions, improves clinical outcomes, and reduces the total cost of care.  We are excited to partner with Sverica in our next phase of growth. Sverica shares our vision of creating a best-in-class hospitalist company serving the Great Lakes region. The experience Sverica brings from decades of helping companies like IMS grow into industry leaders will be invaluable.”

Frank Young, Managing Director at Sverica International, commented, “We welcome IMS into the Sverica portfolio and look forward to working with Dr. Huber and his team. IMS’ leadership, customer value proposition and stellar reputation in the hospitalist industry provide a unique platform to capitalize on favorable market conditions going forward.”

About Inpatient Medical Services
Based in Akron, Ohio, IMS is a leading provider of outsourced hospitalist physician programs to acute care facilities and community primary care physicians throughout Northern Ohio. IMS serves over 150,000 patients annually and has built a premier reputation with community physicians who rely on the Company as its inpatient service partner. The Company’s quality and value proposition is validated by its long-term relationship with some of the top healthcare systems in the region and nationally.

Livonia, MI, March 12, 2012– Michigan-based Bartech Group (Bartech) announced Friday it has received an investment from Sverica International to fund its ongoing strategic growth. Bartech, a leading professional services firm, specializes in the delivery of workforce solutions to global corporations. Bartech’s primary offering allows customers to effectively control the costs, processes and risks associated with the procurement and administration of non-employee labor.

In conjunction with the investment, David W. Barfield has been promoted to President, Chief Executive Officer and Chairman of Bartech’s Board of Directors, succeeding Jon E. Barfield. Active in the company’s leadership and growth since 1995, David served as Bartech’s Chief Operating Officer, where he developed and led the company’s workforce solutions strategy and field organization. “Our company has experienced significant growth over the past five years in a growing, yet highly competitive segment of our industry. To remain competitive, we must help our customers win in the global marketplace by delivering quality services to meet their increasing demands for talent. Sverica shares our long-term vision and this relationship enables Bartech to make the necessary investments to add significant value to customers.”

David Finley, Managing Director at Sverica International, commented, “We welcome Bartech into the Sverica portfolio and look forward to working with such a talented and dedicated management team. Bartech’s leadership, market position and stellar reputation in the staffing industry provide a unique platform to capitalize on favorable market conditions going forward.”

Jordan Richards, Principal at Sverica International, added, “We are excited to partner with David and his management team to build upon their historical success of providing a high level of service to clients throughout the workforce solutions space. We look forward to supporting Bartech’s growth initiatives by working with leadership to expand its service offerings and geographic footprint in its next growth phase.”

About Bartech Group
Established in 1977, Bartech is an industry-leading professional services firm delivering workforce solutions to global firms. Managing more than 25,000 daily work assignments and approximately $2 billion in annualized billings, Bartech helps large users of non-employee workers achieve greater quality, savings and efficiency while minimizing the risks associated with the management of non-employee workers. Bartech has maintained its minority certification by the National Minority Supplier Development Council. Learn more at www.bartechgroup.com.

Dr. Michael Urig, FACOG, who serves as Chairman of AOA, spoke enthusiastically about the partnership expansion and the potential it brings for AOA’s future success. “We look forward to our ongoing partnership with Women’s Health USA in order to continue delivering great and affordable care to our patients along with keeping our autonomy as physicians. This partnership allows us to focus more on patient care while enjoying combined expertise in the business aspects of our practice. I’m excited and proud of our AOA physicians and partners who have helped build this wonderful service for women in the Phoenix area.”

Andrew Villa, MD, the President of the group, added. “We are excited to work with Women’s Health USA to further our mission to provide exceptional healthcare to women through Arizona’s leading women’s health practice. Our new partnership will enhance our efforts to bring the most advanced, innovative, and highest quality medical care to our communities. Moving forward together will allow us to expand our reach into other communities throughout Arizona, elevating the level of care to women.”

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. Drs. Urig and Villa and the rest of the AOA providers have a collective vision, passion and commitment to quality that is palpable, and we are energized by this opportunity to partner with them.”

About Women’s Health USA
Founded in 1997, WHUSA provides OBGYN, In Vitro Fertilization, and other specialty women’s health practices with a full suite of practice management solutions including payor contracting, revenue cycle management, EMR support, financial & human resources management, merger & acquisition support, ancillary services development, and risk management services.  WHUSA’s 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.

Denver, CO, September 20, 2010: Sverica International announced today that Accuvant, a Sverica portfolio company, has acquired Ciphent, a provider of world-class cyber security solutions headquartered near Baltimore, MD. Accuvant is a research-driven information security partner delivering alignment, clarity and confidence to enterprise clients.

With the acquisition, Accuvant gains several strategic and complementary service offerings that significantly enhance its ability to meet the information security needs of its enterprise customers while increasing exposure to federal clients and mid-market accounts. Added to Accuvant’s three current practice areas of information security research and assessment, risk and compliance management, and technology solutions, are Ciphent’s offerings in secure software development, managed services, training and support. The addition of Ciphent expands Accuvant’s presence to the mid-Atlantic United States, as well as to Europe and the Asia Pacific region. The combined company employs more than 300 personnel worldwide and is on target to exceed $250 million in revenue for 2010.

Frank Young, Managing Director at Sverica International, and Accuvant board member commented: “We are pleased to have supported Accuvant’s executive team in completing this transaction which will add highly complementary service offerings as well as exposure to federal and other customers to Accuvant’s existing practice. We look forward to continuing to support the combined company with strategic and analytical assistance.”

“We are delighted about this acquisition because of the wide range of innovative solutions Ciphent brings to the table,” said Scott Walker, co-founder and Vice President of Strategic Planning for Accuvant. “Our clients and partners will benefit from the combined Accuvant and Ciphent team’s expanded offerings and steadfast focus on information security. This transaction results in the largest security organization of its kind, a team of passionate experts who are committed to providing solutions tailored to their clients’ security needs.”

“Independently, Accuvant and Ciphent have been two of the fastest growing cyber security companies for years. Effective today, we will offer the industry’s most robust portfolio of cyber security solutions for both government and commercial clients while retaining our mission to protect the United States, her allies, corporations, and citizens,” said Ciphent Chief Executive Officer James C. Foster. “We are thrilled to become a part of the Accuvant family and believe the combined company will continue to challenge and reward our employees, enable our partners, benefit our clients, and further distance us from the competition.”

About Accuvant
Accuvant is the only research-driven information security partner delivering alignment between IT security and business objectives, clarity to complex security challenges and confidence in enterprise security decisions.

Accuvant delivers these solutions through three practice areas: Risk and Compliance Management, Accuvant LABS and Technology Solutions. Based on our clients’ unique requirements, Accuvant assesses, architects and implements the policies, procedures and technologies that most efficiently and effectively protect valuable data assets.

Since 2002, more than 3,900 organizations, including 60 of the Fortune 100, have trusted Accuvant with their data security challenges. Headquartered in Denver, Accuvant has offices in 35 cities across the United States as well as in Europe and Asia. For more information, please visit www.accuvant.com, follow us on Twitter: @accuvant, or keep in touch via Facebook:http://tiny.cc/facebook553.

Oakland, CA, July 28, 2011 – Sverica International, a private equity investment firm, announced today the sale of its portfolio company PsPrint, LLC (“PsPrint”) to Deluxe Corporation (NYSE: DLX) (“Deluxe”). Based in Oakland, CA with additional operations in Bethlehem, PA, PsPrint is a leading online supplier of high-quality, custom printed promotional products and integrated design and mailing services to small- and medium- sized businesses, including non-profit organizations and educational institutions.

Sverica acquired a controlling interest in PsPrint in May 2003, was an active partner with the Company and maintained a low basis enabling Sverica to realize over a ten times gross return from the investment. Sverica has provided PsPrint with strategic planning support, added depth to the management team, facilitated capital investment in technology, and assisted in dramatically expanding and streamlining PsPrint’s manufacturing capabilities. Sverica’s strategic focus on improving the experience of PsPrints’ customers with enhanced service and higher-quality product offerings helped drive dramatic growth.

Sverica Managing Director, Frank Young, who served as the CEO of PsPrint from 2003 to 2007, commented, “PsPrint was a special investment for me personally having spent many years as the CEO and I couldn’t be happier with this outcome for our investors and PsPrint’s management team and employees. Since 2003, we stayed committed to investing in PsPrint’s people, infrastructure, and technology to continually enhance the customer experience. This transformed PsPrint into a market leader with rapid year over year growth and a highly scalable operation. Deluxe is getting a tremendous company with loyal customers and outstanding employees and we expect Deluxe will continue to build on our success.”

About PsPrint
Since 1990, PsPrint has provided better printing and service to nearly 500,000 small business marketers and graphic designers. PsPrint combines state-of-the-art Internet capabilities and the industry’s best printing equipment with experienced print professionals and color specialists to deliver convenient online ordering, consistent color matching and 99.7 percent on-time delivery. By offering a 100 percent customer satisfaction guarantee, PsPrint also stands behind every order, every time. More than 70 top-quality and eco-friendly printed products and related mailing services are available online at www.PsPrint.com.

About Deluxe Corporation
Deluxe is a growth engine for small businesses and financial institutions. Four million small business customers access Deluxe’s wide range of products and services including customized checks and forms as well as web-site development and hosting, search engine marketing, logo design and business networking. For financial institutions, Deluxe offers industry-leading programs in checks, customer acquisition, regulatory compliance, fraud prevention and profitability. Deluxe is also a leading printer of checks and accessories sold directly to consumers. For more information, visit www.deluxe.com, www.facebook.com/deluxecorp, or www.twitter.com/deluxecorp.

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/.

Tarrytown, NY, January 3, 2011: Sverica International announced today that it acquired The Center for Wound Healing on December 24, 2010. The Center for Wound Healing is a leading manager of comprehensive wound care treatment centers that offer advanced wound care and hyperbaric oxygen therapy. The Center for Wound Healing currently manages 32 wound care centers in the eastern United States in partnership with local acute care hospitals.

David Finley, Managing Director at Sverica International, commented, “Sverica is excited to partner with a strong management team to provide much needed comprehensive wound treatment to a small but growing U.S. population. Supply-demand dynamics are highly favorable for hospitals that offer wound care services in conjunction with hyperbaric oxygen therapy and we believe that The Center for Wound Healing offers the most attractive partnership model for the many hospitals that seek to enhance their capabilities.”

Andrew Barnett, CEO of The Center for Wound Healing, Inc., added, “Our company is on the cusp of becoming a national provider of comprehensive wound care services. We are fortunate to have found in Sverica a strategic partner who shares our long-term vision of a company working in true partnership with its hospital clients. Sverica understands that the market for our services, measured by the many tens of millions of people who suffer from chronic wounds who can benefit from the wound care and hyperbaric oxygen therapies we provide, continues to grow at an extraordinary rate.”

About The Center for Wound Healing, Inc.
The Center for Wound Healing, Inc. 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 32 wound care centers in the eastern United States in partnership with local acute care hospitals. CFWH 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, please visit www.centerwh.com.

Vancouver, British Columbia, July 15, 2010: Sverica International announced today that it acquired Syscon Justice Systems on July 7, 2010.  Syscon provides software solutions to domestic and international corrections facilities and police departments.  Syscon offers a wide range of solutions to suit the enterprise needs of these organizations. Syscon is headquartered in theVancouver area with additional offices in London and Sydney.

For Syscon, the Sverica investment marks an important milestone in the Company’s history.  “This partnership with Sverica will help us to accelerate our growth, by fueling the continuous improvement of our technology and solutions, and supporting our management team with Sverica’s strategic and analytical assistance,” stated Dan Crawford, CEO of Syscon. “Sverica’s commitment will support our global expansion plans, and make us an even more valuable strategic partner to our clients.”

Frank Young, Managing Director at Sverica International, added: “Syscon is clearly the leading provider of offender management technology, both in North America and around the globe. The company has a strong track record of providing robust offender management solutions and providing excellent service to its clients.  Sverica was very impressed by the experienced management team, proven technologies, installed base, and ability to serve a variety of international clients with evolving needs.  We are very excited to partner with Dan Crawford and his talented team and are committed to providing continued top-quality service to clients and investing in Syscon’s technologies and organization to ensure continued growth.”

About Syscon Justice Systems
Syscon is the leading international provider of Offender Management Systems, with major deployments in the US, Canada, UK, and Australia. Syscon offers a full suite of solutions, including prison management, jail management, trust accounting, inmate health records, probation and parole monitoring, and risk assessment tools. Syscon has been delivering quality and value for 28 years in a business where experience really counts. Syscon not only meets and exceeds industry standards, they are the industry standard. For more information, please visitwww.syscon.net.

Calgary, Alberta, December 8, 2009: Care Factor – The Data Centre Company – has received a growth capital investment from Sverica International. Care Factor is a leading IT infrastructure solutions provider in Canada, and offers a full lifecycle of data center services to businesses, including designing, building, maintaining, relocating and co-locating data center facilities. Care Factor serves leading enterprises across industries, including energy, utilities, financial services, online media, and government. The Company is headquartered in Calgary, Alberta, with additional offices in Vancouver, Edmonton, Winnipeg and Toronto.

For Care Factor, the Sverica investment marks an important milestone in the Company’s history.  “This transaction with Sverica will help us to accelerate our growth, by fueling the long term development of our infrastructure, building our board and supporting our management team with Sverica’s strategic and analytical assistance,” stated Ecky Pilz, CEO of Care Factor.  “Sverica’s commitment will support our expansion plans and make us even more valuable as a strategic partner to our customers.”

Frank Young, Managing Director at Sverica International, commented: “Care Factor is clearly the leading, full-service data center company in its region. The deep talent base, robust technical facilities, customer orientation and ability to serve clients flexibly across the full spectrum of data infrastructure services, are just a few attributes of Care Factor’s successful track record. We are thrilled to have the opportunity to partner with this team and are committed to working with them to evolve their comprehensive offerings and expand their infrastructure to ensure continued growth.”

Care Factor’s Board of Directors will include Kevin Brandon, co-founding partner at Blackpoint Equity Partners, the current board Chairman of Peak 10, Inc and a former director of Switch and Data Facilities Co. He indicated he was enthusiastic about joining the board, stating: “Care Factor is very well positioned to capitalize on continued strong secular growth in outsourced data center and managed services in their geographic region, particularly given their excellence in customer service and their local orientation”.

About Care Factor – The Data Centre Company
Care Factor provides companies with IT infrastructure solutions including co-location, design and build, facilities management, business resumption, relocation, and value added services. For more information, please visit www.carefactor.com.

Cranberry Township, PA—October 20, 2009 – Sverica International has acquired a minority stake in US Liner Company (“USLCO”), a Division of American Made, LLC. USLCO is an innovative, industry leading manufacturer of thermoplastic composite solutions for a broad range of applications. Primary industries served include the truck trailer, rail transport, intermodal shipping container and recreational vehicle (RV) markets.

USLCO proprietary manufacturing process combines continuous glass fibers with tough, corrosion- and moisture-resistant polypropylene, in multilayer laminated structures creating a new class of versatile sheet thermoplastic composite materials.

Starting in late 1990s with Bulitex® and today with its next generation thermoplastic Versitex®, USLCO has changed the way industries have used traditional materials such as wood, steel, aluminum and FRP by providing better physical and mechanical properties at an attractive price point.

David Finley, Managing Director at Sverica International, commented: “We at Sverica are very excited about the relationship with US Liner. Mike LaRocco has built a great company and we are confident that together we can capture the tremendous opportunity represented by US Liner’s Versitex product. US Liner has established strong positions in key transportation markets that will continue to benefit as the economy recovers. By fully exploiting those current markets and selectively expanding into new ones where the Versitex value proposition is highly compelling, US Liner has a bright future in front of it.”

Mike LaRocco, Founder/CEO of US Liner, added “We’re not only surviving through very difficult global economic conditions, but are actually growing market share because we simply developed a better mousetrap. With Sverica behind us, we now can continue to serve and grow our existing customer base, but also expand our reach to new, untapped industries that will benefit from Versitex. USLCO is stronger and poised to deliver excellence in every facet of our business.”

About US Liner Company

Headquartered near Pittsburgh, in Cranberry Township, PA, U.S. Liner Company is a division of American Made, LLC, which was founded by Michael LaRocco in 1983. Since 1998, the company has been a leading supplier of composite materials that are widely used in the truck/trailer market and supports an ever-widening range of applications in the automotive, RV, refrigerated rail, intermodal transportation, building products, and military markets. For more information, please visit www.uslco.com.

Sverica has partnered with Accuvant’s management team to assist in continuing the Company’s rapid growth while optimizing and standardizing its processes and operations. Frank Young, Partner at Sverica International, commented on the recently completed acquisition: “Since Accuvant’s founding in 2002, the Company has rapidly grown into one of the largest and most respected security and compliance providers in the country. The talented management team has accomplished this by building a corporate culture with a strict focus on providing the highest value expert consulting and best-of-breed technology to customers. We are thrilled to have the opportunity to partner with this team and are committed to working with them to evolve Accuvant’s comprehensive security offering and to ensure continued growth.”

For Accuvant, the partnership with Sverica marks an important milestone in the Company’s evolution. “This transaction with Sverica is an impetus for us to continue our rapid growth, as their involvement strengthens our board and increases the strategic resources available to the management team,” stated Scott Walker, Vice President of Operations of Accuvant. “We believe Sverica’s investment will help us accelerate our plans for expansion into new regions and increase our strategic value to customers.”

About Accuvant
Accuvant resells a variety of security technologies manufactured by leading, best-of-breed technology vendors. In addition to the deployment of technology, the Company’s professional services arm offers enterprise assessments, PCI audit services, and IT compliance policy development and implementation. Accuvant serves one-quarter of Fortune 100 companies, one in five of the Fortune 500, and several hundred other large companies and government agencies throughout the United States. The Company operates out of 21 sales offices, primarily in the Western and Midwestern states. For more information, please visit www.accuvant.com.

Dublin, Ireland – May 27, 2009 – Oasis Holdings Limited (“Oasis”) announced today that it has been acquired by Sverica International and Housatonic Partners. Oasis is a growing company in the records storage industry, serving customers in the financial, legal, healthcare, and government sectors. The company’s service offerings include hard copy storage, media storage, imaging, digital archiving, and destruction. Oasis is headquartered in Dublin, Ireland with additional offices in Belfast and London.

Sandro Mina, Partner at Sverica International, commented: “We are delighted that our relationship with Housatonic Partners and the management of Oasis has culminated in this investment. Oasis is an example of Sverica’s strategy of investing in business service companies with recurring revenues and a track record of strong internal growth. We look forward to working with our partners and management to drive continued growth through strategic and operational initiatives.”

Will Thorndike, Managing General Partner at Housatonic Partners, commented: “We are excited to add Oasis as our fourth investment in records management, an industry which exemplifies the economic characteristics we focus on. Oasis has a broad customer base and significant growth momentum. We look forward to working closely with the management team and Sverica International to further build the company.”

Glen Reid, Interim CEO of Oasis, added “We welcome this partnership with Sverica International and Housatonic Partners, firms that share our commitment to building long-term client relationships. The partnership will allow us to leverage Sverica’s and Housatonic’s resources and industry experience to continually improve our services to current customers as well as to enter new markets.”

About Oasis
OASIS provides secure offsite records storage and related services to businesses: hard copy paper storage, media storage, imaging, digital archiving, and destruction services. For more information, please visit www.oasisgroup.eu.

About Housatonic Partners
Housatonic Partners is a private equity investment firm founded in 1994 with more than $650 million in capital under management. Housatonic invests in growing, profitable companies in the recurring services, media and communications industries. Housatonic has partnered with exceptional management teams in more than 50 small to mid-sized companies in these industries over the last 15 years. For more information, please visit www.housatonicpartners.com.