CLEARLAKE CAPITAL GROUP ANNOUNCES SENIOR APPOINTMENT AND PROMOTIONS
March 19, 2015Clearlake Capital Group (Clearlake), a leading special situations private equity firm, today announced a senior executive appointment and several promotions. Fred Ebrahemi has joined the firm as General Counsel and Chief Compliance Officer, Prashant Mehrotra has been named Partner, Colin Leonard and Arta Tabaee have been named Principals, and James Pade has been promoted to Vice President, all effective immediately.
CLEARLAKE SELLS A MAJORITY STAKE IN PRIMESPORT TO CARLYLE LED GROUP
February 17, 2015Clearlake Capital Group, L.P. (“Clearlake”), in partnership with management, today announced the completion of the sale of PrimeSport Holdings Inc. to The Carlyle Group (“Carlyle”), Moorad Sports Partners (“Moorad Sports”) and RSE Ventures (“RSE”). As part of the transaction, Clearlake and management rolled-over a significant equity stake in the company. Sam Soni, PrimeSport’s founder, remains CEO and continues to lead the company.
NETMOTION WELL POSITIONED FOR NEXT PHASE OF GROWTH
February 12, 2015Clearlake Capital Group, L.P. and NetMotion Wireless today announced that Clearlake Operating Advisor John Ferron has joined NetMotion as Chief Executive Officer and Daniel Jackson has joined NetMotion as Senior Vice President of Sales. NetMotion, a leading provider of next generation mobile security and network performance management solutions, was acquired by affiliates of Clearlake in September 2012. Mr. Ferron and Mr. Jackson have been serving at NetMotion since late 2014.
CLEARLAKE CAPITAL GROUP TO ACQUIRE FRONTRANGE SOLUTIONS; WILL MERGE FRONTRANGE WITH LUMENSION TO FORM HEAT SOFTWARE
February 12, 2015Clearlake Capital Group today announced that it has reached a definitive agreement to acquire FrontRange Solutions, Inc. (“FrontRange”). Clearlake also announced that, upon closing, FrontRange and Clearlake portfolio company Lumension will merge to form HEAT Software, a global provider of hybrid service management and unified endpoint management solutions for organizations of all sizes. Terms were not disclosed.
BLUEFLY SETS RECORD BREAKING SALES
December 2, 2014Bluefly, the largest online fashion destination with over 1,750+ brands and the first fashion company to apply a marketplace technology, today announced that it set record breaking sales for the five day period from Thanksgiving through Cyber Monday.
CLEARLAKE CAPITAL ANNOUNCES FORMATION OF MISSION WEST, PROVIDER OF COMPLETE OILFIELD WATER MANAGEMENT SOLUTIONS
October 23, 2014Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") and oilfield industry veteran Steve Hardwick today announced the formation of Mission WEST, Inc. ("Mission WEST" or the "Company"), which provides tailored, complete and longterm oilfield water management solutions to customers in North America.
IRONGATE ENERGY SERVICES ACQUIRES SUN TUBULAR SERVICES, EXPANDING ITS PRESENCE IN THE PERMIAN BASIN
October 15, 2014IronGate Energy Services, a leading provider of rental and tubular services to oil and natural gas exploration and production operators in North America, today announced that it has acquired Sun Tubular Services, a provider of rental services to exploration and production operators in the Permian Basin.
SAGE AUTOMOTIVE INTERIORS ACQUIRED BY CLEARLAKE CAPITAL GROUP
October 9, 2014Clearlake Capital Group (Clearlake) and Sage Automotive Interiors (Sage) announced today that Clearlake has acquired Sage, the second largest automotive textile supplier in the world. Sage management invested alongside Clearlake in the transaction. Financial terms of the transaction were not disclosed.
CLEARLAKE CAPITAL GROUP ACQUIRES AMQUIP, A LEADER IN CRANE RENTAL AND LIFTING SOLUTIONS
October 7, 2014AmQuip Holdings LLC (the "Company") and Clearlake Capital Group, L.P. ("Clearlake") today announced that Clearlake has completed its acquisition of AmQuip from a consortium of investors including Altpoint Capital Partners LLC. AmQuip is a leading provider of manned and bare rental lifting solutions to the North American energy, industrial, and other end markets. Financial terms of the transaction were not disclosed.
FUTURIS OPENS NEW AUTOMOTIVE COMPONENTS MANUFACTURING FACILITY AND DESIGN CENTER IN NORTH AMERICA
September 11, 2014Futuris Automotive ("Futuris"), a leading global automotive components supplier, today announced the expansion of its North American business with the opening of a new manufacturing facility and design center in Newark, CA, one of several such facilities planned as part of Futuris’ growth and investment strategy in North America. Futuris’ Newark facility is 160,000 square feet, and includes state-of-the-art, vertically integrated equipment to manufacture automotive seating and interior systems. It will also include a design and craftsmanship studio as well as testing, validation and quality centers, and is expected to grow quickly to circa 400 employees.
