GTCR is a private equity firm based in Chicago that specializes in investing in growth companies across various sectors, including financial services, healthcare, and information technology. The firm has established a unique investment approach known as the "Leaders Strategy," which emphasizes partnering with exceptional leaders as a foundational step in identifying, acquiring, and developing market-leading companies. Since its founding, GTCR has invested over $8 billion in more than 200 companies, demonstrating its commitment to fostering growth through both strategic acquisitions and organic development. The firm focuses on sectors such as FinTech, HealthTech, InsurTech, and life sciences, positioning itself as a key player in driving innovation and value in the markets it serves.
PPC Flexible Packaging is a manufacturer and supplier focused on providing innovative packaging solutions across various markets including healthcare, snacks, organic products, prototypes, and horticulture. The company specializes in the design and production of flexible films, bags, pouches, sheets, and other packaging products. Through its expertise in flexographic printing and converting, PPC Flexible Packaging delivers customized cleanroom and consumer packaging to meet the specific needs of its clients while maintaining affordability. The dedication of its design and manufacturing professionals ensures that clients receive high-quality packaging solutions tailored to their requirements.
PPC Flexible Packaging is a manufacturer and supplier focused on providing innovative packaging solutions across various markets including healthcare, snacks, organic products, prototypes, and horticulture. The company specializes in the design and production of flexible films, bags, pouches, sheets, and other packaging products. Through its expertise in flexographic printing and converting, PPC Flexible Packaging delivers customized cleanroom and consumer packaging to meet the specific needs of its clients while maintaining affordability. The dedication of its design and manufacturing professionals ensures that clients receive high-quality packaging solutions tailored to their requirements.
Founded in 1989, JSSI is the only hourly cost maintenance provider covering virtually all makes and models of business aircraft, engines and APUs. JSSI provides its customers with comprehensive, flexible and affordable financial tools for managing the often unpredictable costs of operating and maintaining nearly all types of turbine-powered aircraft, including jets, turbo-props and turbine-powered helicopters. JSSI serves customers globally and manages maintenance services through its worldwide infrastructure of certified technical advisors.
Gogo is an inflight internet company that provides broadband connectivity products and services for aviation. It gives air travelers the freedom to be entertained or work more productively, connect aircrews in new ways for better service and safer operations, and employ innovative technologies to talk to the airplanes themselves to deliver higher performance and cost savings. It was founded in 1991 and is headquartered in Chicago, Illinois.
Cole-Parmer is a manufacturer and distributor of scientific laboratory equipment and supplies, serving the pharma, biopharma, healthcare, and environmental markets. The company offers a broad range of products, including instrumentation, electrical products, laboratory equipment, process controllers, tubing, fittings, hoses, and pumps. Their offerings also encompass balances, scales, flowmeters, temperature monitoring devices, and environmental precision equipment, which are essential for both research and production applications. By providing high-quality, reliable solutions, Cole-Parmer aims to enhance the efficiency and effectiveness of scientific research and industrial processes.
Cole-Parmer is a manufacturer and distributor of scientific laboratory equipment and supplies, serving the pharma, biopharma, healthcare, and environmental markets. The company offers a broad range of products, including instrumentation, electrical products, laboratory equipment, process controllers, tubing, fittings, hoses, and pumps. Their offerings also encompass balances, scales, flowmeters, temperature monitoring devices, and environmental precision equipment, which are essential for both research and production applications. By providing high-quality, reliable solutions, Cole-Parmer aims to enhance the efficiency and effectiveness of scientific research and industrial processes.
Cole-Parmer is a manufacturer and distributor of scientific laboratory equipment and supplies, serving the pharma, biopharma, healthcare, and environmental markets. The company offers a broad range of products, including instrumentation, electrical products, laboratory equipment, process controllers, tubing, fittings, hoses, and pumps. Their offerings also encompass balances, scales, flowmeters, temperature monitoring devices, and environmental precision equipment, which are essential for both research and production applications. By providing high-quality, reliable solutions, Cole-Parmer aims to enhance the efficiency and effectiveness of scientific research and industrial processes.
Vivid Seats is an online ticket marketplace that facilitates connections between fans and event ticket sellers, enabling the purchase and sale of tickets for a variety of live events, including sports, concerts, theater, and comedy. Founded in 2001 and headquartered in Chicago, Illinois, the company serves as the official ticketing partner for numerous brands in the entertainment industry and operates in the United States, Canada, and Japan. Vivid Seats comprises two primary segments: marketplace and resale, allowing users to access a wide range of ticket options. Notable partnerships include collaborations with ESPN and The Rolling Stones.
Inteliquent is an interconnection provider that powers voice communications, serving both service providers and enterprises. It provides two main areas of service, Communications-Platform-as-a-Service (CPaaS) for API-based services to provide voice calling and phone numbers; and more legacy Infrastructure-as-a-Service (IaaS) products for telcos such as off-net call termination. It operates a fully redundant, geo-diverse, carrier-grade tier 1 network that is directly connected to every major telecom carrier and covers 94 percent of the US population. The platform handles more than 300 billion minutes of voice calling per year and the company has registered more than 100 million active phone numbers on behalf of its customers. In 2003, Ron Gavillet established the company in Chicago, Illinois.
Inteliquent is an interconnection provider that powers voice communications, serving both service providers and enterprises. It provides two main areas of service, Communications-Platform-as-a-Service (CPaaS) for API-based services to provide voice calling and phone numbers; and more legacy Infrastructure-as-a-Service (IaaS) products for telcos such as off-net call termination. It operates a fully redundant, geo-diverse, carrier-grade tier 1 network that is directly connected to every major telecom carrier and covers 94 percent of the US population. The platform handles more than 300 billion minutes of voice calling per year and the company has registered more than 100 million active phone numbers on behalf of its customers. In 2003, Ron Gavillet established the company in Chicago, Illinois.
TerSera Therapeutics acquires and develops specialty pharmaceutical products with a focus on select therapeutic areas. Their mission is to market products which truly make a difference for patients.
Brite Energy Solar Holdings specializes in providing residential and commercial solar services, focusing on the delivery of clean and renewable energy. The company offers a comprehensive range of services that include sales, installation, and maintenance of solar assets. By facilitating access to solar power, Brite Energy Solar aims to help customers achieve immediate monthly savings and long-term financial benefits, while also providing a safeguard against fluctuating energy rates.
American Capital Invests $35 Million in Independent Managed Care Organization Bethesda, MD - March 8, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $35 million in NewQuest Health Solutions LLC, an independent managed care organization primarily focused on providing Medicare Advantage HMO health plans to members in Alabama, Illinois, Tennessee and Texas. American Capital's investment takes the form of senior subordinated debt and supports GTCR Golder Rauner LLC's recapitalization of NewQuest. UBS Securities LLC is providing a revolving credit facility and investing in a senior term loan. NewQuest management and existing investors in NewQuest are rolling over a significant amount of equity. "American Capital is pleased to invest for the fourth time with GTCR, a prominent sponsor with extensive experience in the healthcare industry," said American Capital COO Ira Wagner. "We are proud to support the growth of NewQuest, one of the largest and fastest growing companies in the growing Medicare HMO marketplace. We were particularly impressed with NewQuest's substantial growth in revenue, EBITDA and membership base." American Capital invested over $2.2 billion in the last twelve months and $364 million year to date. For more information about American Capital's portfolio, click here. "American Capital is backing an outstanding management team with significant industry experience led by Herb Fritch, one of the most talented executives in the managed care industry," said American Capital Principal Ian Larkin. "Over the past four years, the management team has successfully grown NewQuest and positioned it as a market leader within its geographical niches by renegotiating hospital and Independent Provider Association contracts, enhancing core operations, focusing on medical review and case management, increasing marketing efforts, broadening its geographic coverage and aligning with physicians to better serve its member base." "NewQuest's expertise in utilization and disease management, strong local provider networks and good relationships with state regulatory bodies, solidify its position in its space," said American Capital Vice President Demian Kircher. "By leveraging its competitive advantages and capitalizing on positive industry trends fueled by growing familiarity of managed care programs, attractive demographics, continued government support and better benefit packages resulting from increased reimbursement rates, NewQuest can substantially grow its business in existing and new markets." Medicare HMOs contract with the Centers for Medicare and Medicaid Services, a component of the U.S. Department of Health and Human Services, to provide healthcare coverage to Medicare beneficiaries in exchange for a predetermined monthly amount per member. The Medicare Prescription Drug Benefit, Improvement and Modernization Act of 2003 established the Medicare Advantage Program, formerly Medicare+Choice, which expands the role of private plans available to Medicare beneficiaries, including regional health care plan options. Based in Nashville, TN, NewQuest is an independent managed care organization primarily focused on providing Medicare Advantage HMO health plans through a comprehensive network of physicians and hospitals. The Company offers a broad continuum of value-added healthcare services to its members, including Independent Provider Association management services, prescription drug benefits, disease management, care enhancement and high-risk health management programs, and behavioral health and substance abuse services. Founded in 2000, NewQuest has grown from a single location in Tennessee to five facilities in Tennessee, Alabama, Illinois and Texas, serving over 100,000 beneficiaries in 60 counties and employing nearly 700. NewQuest operates four leading Medicare Advantage health plan providers: Tennessee HealthSpring, Alabama HealthSpring, HealthSpring of Illinois and Texas HealthSpring. In 2004, NewQuest was named one of Tennessee's Top 100 Companies by Business Tennessee. Also, in 2003, Nashville Business Journal awarded NewQuest one of its "Best In Business" Awards. Over the last four years, NewQuest has grown sales at approximately 61%, annualized, and recorded sales of over $600 million in 2004. "Having worked with American Capital in previous investments, we were very comfortable turning to them again for mezzanine financing," said GTCR Vice President Peter Stavros. "The financial capabilities of American Capital, combined with the Company's exceptional staff, make them an ideal partner for GTCR. With the combined support of all investors, NewQuest can execute its growth initiatives and continue to deliver high quality healthcare benefits and services to a rapidly growing population." ABOUT AMERICAN CAPITAL American Capital is a publicly traded buyout and mezzanine fund with capital resources of more than $4.9 billion. American Capital is an investor in and sponsor of management and employee buyouts, invests in private equity buyouts, and provides capital directly to private and small public companies. American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions and recapitalizations. As of February 28, 2005, American Capital shareholders have enjoyed a total return of 348% since the Company's IPO - an annualized return of 22%, assuming reinvestment of dividends. American Capital has paid a total of $651 million in dividends and paid or declared $16.76 dividends per share since its August 1997 IPO at $15 per share. Companies interested in learning more about American Capital's flexible financing should contact Mark Opel, Senior Vice President, Business Development, at (800) 248-9340, or visit our website.
Cole-Parmer is a manufacturer and distributor of scientific laboratory equipment and supplies, serving the pharma, biopharma, healthcare, and environmental markets. The company offers a broad range of products, including instrumentation, electrical products, laboratory equipment, process controllers, tubing, fittings, hoses, and pumps. Their offerings also encompass balances, scales, flowmeters, temperature monitoring devices, and environmental precision equipment, which are essential for both research and production applications. By providing high-quality, reliable solutions, Cole-Parmer aims to enhance the efficiency and effectiveness of scientific research and industrial processes.
NewWave Communications is a broadband company that offers high-speed Internet, television, and telephone services to both residential and business customers across several states, including Arkansas, Illinois, Indiana, Louisiana, Mississippi, Missouri, and Texas. The company focuses on enhancing its offerings through ongoing investments in technology, particularly in its fiber optic network, and prioritizes employee development and customer service. NewWave Communications is committed to serving the communities in which it operates, striving to be a preferred provider of communication services.
Sterigenics has delivered safer, smarter and more productive contract sterilization solutions to the medical device and pharmaceutical industries, using Ethylene Oxide (EO), Gamma and Electron Beam (E-Beam) irradiation. We also provide process capabilities for Food Safety and High Performance Specialty Materials using our Gamma and Electron Beam radiation technologies. With over 1,300 employees and 38 service centers around the world, Sterigenics is able to offer more choices of location as well as the widest range of advanced technological solutions and support services to our customers.
ForeFront Education
Venture Round in 2003
ForeFront Education provides career-oriented instruction, education, and training services for its clients. The company is focused on the provision of services covering the areas of medical assistant, dental assistant, drafting technology, networking, entry-level management and office support, paralegal, and criminal justice. ForeFront Education was founded in 1999 and is based in Barrington, Illinois.
Ewireless provide abbreviated dialing, direct advertising response that enables wireless users to respond to radio and outdoor advertising.
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