Category: Sverica News

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.