2017
CLEARLAKE CAPITAL BACKED GLOBELTR ENERGY INC. ANNOUNCES SALE OF WELL SERVICING DIVISION TO BRIGADE ENERGY SERVICES, LLC
September 7, 2017GlobeLTR Energy Inc. (“GlobeLTR” or the “Company”), a portfolio company of affiliates of Clearlake Capital Group, L.P. (“Clearlake”), today announced the Company has closed the sale of its well servicing division to Brigade Energy Services, LLC (“Brigade”), a portfolio company of Turnbridge Capital Partners, LLC and affiliates (“Turnbridge”). Financial terms of the transaction were not disclosed.
CLEARLAKE CAPITAL LEADS RECAPITALIZATION OF FLOWORKS
September 7, 2017Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and FloWorks International, LLC (“FloWorks” or the “Company”) today announced that Clearlake has led the successful recapitalization of FloWorks in partnership with the Company’s existing financial sponsors, led by TowerBrook Capital Partners L.P., the Company’s management team, and other stakeholders. Terms of the transaction were not disclosed.
CLEARLAKE CAPITAL BACKED FUTURIS GLOBAL HOLDINGS TO BE ACQUIRED BY ADIENT
August 21, 2017Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced a definitive agreement to sell Futuris Global Holdings LLC (“Futuris” or the “Company”) to an affiliate of Adient plc (NYSE: ADNT; “Adient”). The transaction is expected to close by the end of September 2017, subject to customary closing conditions and regulatory approvals.
CLEARLAKE CAPITAL-BACKED CONVERGEONE ANNOUNCES ACQUISITION OF SPS
August 17, 2017ConvergeOne, a leading IT services provider of collaboration and technology solutions, today announced that it has acquired Strategic Products and Services (“SPS”), a global, multivendor communication and networking managed service provider headquartered in New Jersey. Effective immediately, SPS is now SPS, a ConvergeOne Company. This acquisition solidifies ConvergeOne’s position as a leading provider of collaboration and IT enabled solutions in the market today.
CENTERBRIDGE COMPLETES $1.26 BILLION ACQUISITION OF ENTERPRISE SOFTWARE PROVIDERS SYNCSORT AND VISION SOLUTIONS
August 17, 2017Centerbridge Partners, L.P. (“Centerbridge”), a leading private investment firm, today announced that it has completed the $1.26 billion acquisition of enterprise software providers Syncsort Incorporated (“Syncsort”) and Vision Solutions, Inc. (“Vision”) from affiliates of Clearlake Capital Group, L.P. (“Clearlake”). As previously announced, Clearlake, which acquired Syncsort in 2015 and Vision in 2016, is retaining a minority ownership stake in the combined company.
JETSMARTER RECEIVES INSTITUTIONAL INVESTMENT FROM CLEARLAKE CAPITAL GROUP AND LEUCADIA NATIONAL CORPORATION
August 10, 2017JetSmarter Inc. (“JetSmarter” or the “Company”), the leading technology-enabled marketplace for private aviation, today announced that it has raised its first institutional capital. The investment will be anchored by lead sponsor, Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”).
CLEARLAKE CAPITAL GROUP ANNOUNCES SENIOR APPOINTMENTS AND PROMOTIONS
July 19, 2017Clearlake Capital Group, L.P. (“Clearlake”), a leading private investment firm, today announced several senior executive appointments and promotions. Patrick Gilligan joined the firm as a Managing Director focusing on investor relations and marketing, and Xavier A. Gutierrez has joined the firm as a Managing Director focusing on operations, client services and other strategic initiatives. Colin Leonard has been named Partner, James Pade has been named a Principal, and Paul Huber and Nate Mejías have been promoted to Vice President.
CLEARLAKE CAPITAL-BACKED CONVERGEONE ANNOUNCES STRATEGIC ACQUISITION OF NEW YORK-BASED ANNESE & ASSOCIATES, INC.
July 18, 2017ConvergeOne, a leading IT services provider of collaboration and technology solutions, today announced that it has acquired Annese & Associates, Inc., a Cisco Gold Certified Partner and IT thought leader based in New York.Effective immediately, Annese is now Annese, a ConvergeOne Company. This acquisition solidifies ConvergeOne’s position as a leading provider of Collaboration and IT enabled Solutions in the market today.
CLEARLAKE ANNOUNCES SALE OF ENTERPRISE SOFTWARE PROVIDERS SYNCSORT AND VISION SOLUTIONS TO CENTERBRIDGE PARTNERS
July 6, 2017Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced a definitive agreement to merge enterprise software providers Syncsort Incorporated (“Syncsort”) and Vision Solutions, Inc. (“Vision”) as well as the simultaneous sale of a significant ownership position in the combined company to Centerbridge Partners, L.P. (“Centerbridge”).
VISION SOLUTIONS COMPLETES ACQUISITION OF ENFORCIVE SYSTEMS
July 5, 2017Vision Solutions, Inc., a leading provider of business resilience solutions for IBM Power Systems and a portfolio company of Clearlake Capital Group, L.P., announced it has completed the acquisition of Enforcive Systems, Ltd. (formerly BSafe), a global provider of IT security and compliance management solutions with an impressive track record of innovation on IBM i, IBM AIX, IBM z/OS, Windows and Linux platforms.
