Brooklyn, NY, March 2nd, 2021
American Elevator Group (“AEG”)
today confirmed their investment in Precision Elevator Corporation.
Established in 1992, Precision Elevator specializes in the maintenance, service, modernization, and construction of all types of hydraulic, traction, and freight elevators, throughout the North East.
D & D Elevator CEO Bobby Shaeffer, themselves a recent AEG acquisition, said of Precision Elevator’s acquisition “I am delighted that AEG has added this premium business to their already impressive portfolio. Precision Elevator further strengthens AEG’s presence in the NY Metro market, and adds significant strength to our team.”
Yuri Novak, owner of Precision Elevator commented, “Precision Elevator is a well-respected service partner to their customers. I look forward to working with AEG to further develop our collective business opportunities.”
CoView Capital, a boutique investment banking firm located in Manhattan, represented Precision in the transaction.
Shackleton Equity Partners Announces the Acquisition of Vossloh Signaling USA, Inc.
LOS ANGELES (PRWEB) December 30, 2020 – Shackleton Equity Partners announces the acquisition of Vossloh Signaling USA, Inc., a leading manufacturer of railroad automation technologies, switches and other products for the railroad industry. The acquisition is a corporate carve-out from parent company Vossloh AG (VOS). Vossloh Signaling will be managed by industry veterans David Ruskauff, President, and Chris Rabo, Vice President of Operations.
Vossloh Signaling designs and manufactures a variety of products and systems for both main line track and yard operations. The company’s customers include Industrial, Class 1, Transit and Short-line Railroads, predominantly in North America. The company sees significant opportunities to expand its Industrial customer base with additional resources through its partnership with Shackleton Equity Partners.
“We are excited to form this alliance with Shackleton Equity Partners. Through this partnership we are confident we can expand our service and offerings to our customers. We look forward to an exciting future and strong growth with both our suppliers and customers.” said Mr. Ruskauff, President of Apex.
As a standalone business, Vossloh Signaling USA, Inc. will continue with its investment in industry-leading automation technologies including its Modular Yard Automation (MYA) suite of products; Automatic Equipment Identification (AEI) railcar tracking to accurately track the location of railcars within their railyards; and industrial crossing warning systems for maximum safety and efficiency. These products are just a few of the solutions that enable Vossloh Signaling’s customers to maximize both operational efficiency and safety.
“Shackleton Equity Partners warmly welcomes Vossloh Signaling to our portfolio of companies.” said Mark Schelbert, Managing Partner of Shackleton Equity Partners. “We believe that through key strategic relationships as well as Shackleton Equity’s financial and operational expertise, Vossloh Signaling will be able to live up to its full potential as a preeminent supplier of engineered solutions to the rail industry.”
The terms of the transaction were not disclosed. Vossloh Signaling will continue doing business under a new name, Apex Rail Automation. More information can be found here https://www.apexrailautomation.com.
CoView Capital, a New York-based investment banking firm, represented Vossloh U.S. Holdings in this transaction.
About Shackleton Equity Partners
Founded in 2008 and based in Los Angeles, CA, Shackleton Equity Partners specializes in corporate carve-outs and special situations. Shackleton looks at opportunities across all industries including software, technology, aerospace and defense, telecom, electronics, manufacturing, industrial, e-commerce and consumer industries. Given the unique combination of operating, finance, and investing experience, Shackleton is able to quickly manage the investment process including due diligence, industry analysis, and operations.
About Apex Rail Automation formerly Vossloh Signaling
Headquartered in Grass Valley, CA, Apex Rail Automation offers yard automation solutions, main line switches, yard switches, wayside electronics, dark territory switch control and other products. The company supplies products and systems primarily to North American freight railroads, particularly Class 1 railroads.
ProciseDx Press Release
SAN DIEGO, July 21, 2020
ProciseDx Inc. has raised $10.5m through $8.5m of equity and $2m of debt, to fund ongoing development and commercialization of its point-of-care (POC) diagnostic platform. The investment round was led by Biosynex, S.A., a French diagnostics company, and included management and private investors.
The ProciseDx instrument is about the size of a shoe box and can provide diagnostics results in as little as 2 minutes from a finger prick drop of blood.
Biosynex will now own 37% and will join the board. Nestlé Health Science, which previously owned 100% of ProciseDx, remains an active supporter and significant minority shareholder.
CoView Capital, Inc. and, their life science consultants, The Channel Group, acted as advisors to ProciseDx.
ProciseDx is an in vitro diagnostics (IVD) company developing a broad portfolio of rapid diagnostic tests for the physician’s office. Founded by experienced IVD specialists that have successfully launched innovative POC platforms worldwide, ProciseDx is developing and commercializing POC tests with a turn-around time of only 2-5 minutes that are easy, immediate and accurate. These tests use finger prick blood or stool samples and ProciseDx’s first menu is focused on GI physicians (gastroenterologists) and includes inflammatory and drug monitoring tests.
Corporate Press Releases
Progress Rail to Acquire Cleveland Track Material, Inc.
October 30, 2019 — Albertville, Ala., USA – Progress Rail, a Caterpillar company, has signed an agreement to acquire Vossloh North America’s (ETR: VOS) Cleveland Track Material (CTM) business. The proposed acquisition aligns with Progress Rail’s goal of profitable growth. With facilities located in Cleveland, Ohio; Reading, Pennsylvania; and Memphis, Tennessee; CTM has served as a supplier of special trackwork to Class I and transit railroads, delivering turnouts and crossings for North America since 1983. CTM manufactures specialty trackwork products for both freight and transit customers.
CTM’s comprehensive trackwork portfolio includes panelized turnouts and crossings, special trackwork assemblies, switch points, frogs and crossing diamonds, brace and plating systems, rail joints and guard rails, and will complement Progress Rail’s current trackwork products.
“We look forward to welcoming the CTM employees into the Progress Rail family. This acquisition allows Progress Rail to more efficiently meet the needs of our North American rail customers by broadening our portfolio of best-in-class infrastructure solutions and positioning our trackwork team to better serve both the Class I railroads and transit sector,” said John Newman, Executive Vice President of Infrastructure for Progress Rail.
“We are pleased to have found the right partner in Progress Rail, who will be able to successfully develop CTM,” said Eliseo Bandala, Regional President of North America for Vossloh. “This gives the employees of CTM a long-term perspective, which was of great importance to us in the divestment process.”
CoView Capital, Inc., a New York-based, FINRA-registered investment banking and advisory firm advised Vossloh on the transaction. CoView provides an innovative approach to traditional and complex financial issues facing growing and established companies across industrial sectors.
Flexwise Health Press Release
May 20, 2019 — SUMMIT, N.J. — (BUSINESS WIRE) –Concord Health Partners (“Concord”), a healthcare focused investment firm, has completed an investment in Flexwise Health, Inc., based in Brentwood, TN (“Flexwise”), a business support services company that focuses on healthcare. The investment reflects Concord’s strategy to invest in companies that reduce operational and administrative costs associated with delivering high quality care.
Flexwise is a technology-enabled business support services company with an on-demand staffing platform that provides healthcare organizations with direct access to fully-vetted healthcare professionals available on a flexible basis. Flexwise’s platform demonstrates meaningful labor cost savings for hospitals and health systems.
CoView Capital, Inc, a Manhattan-based investment banking firm, advised Flexwise on the transaction and acted as Placement Agent.
BUSINESS
TSR Inc. says it plans to pursue a ‘strategic acquisition’
By Tory N. Parrish
tory.parrish@newsday.com @ToryParrish1
Updated December 10, 2018 7:25 PM
Hauppauge-based technology staffing company TSR Inc., which late last month rejected a takeover bid from a major shareholder, said it plans to pursue a “strategic acquisition.”
The move, recommended by a special committee of the board of directors, would expand TSR’s customer base and boost profitability, the company said in a statement.
The committee hired Manhattan-based investment banking firm CoView Capital Inc. as its independent financial adviser.
CoView identified companies that are potential candidates for acquisition, and the Special Committee is authorized to approach those companies and negotiate “acquisition target proposals and agreements,” TSR said.
Zywave Acquires HR360, Expanding its Suite of HR and Compliance Solutions for Insurance Brokers
Milwaukee, October 11, 2017—Today Zywave, Inc., a leading provider of software-as-a-service (SaaS) solutions for the insurance industry, announced that it has completed the acquisition of HR360, a provider of HR and benefits compliance software for brokers, payroll companies, private employer organizations (PEOs) and employers. As part of the agreement, HR360 customers will become new Zywave partners and HR360 products will become part of the Zywave product suite. Founders of HR360, Lillian Shapiro and Tom Ceconi, will join Zywave leadership to further develop HR360 and Zywave business operations.
HR360 was advised by CoView Capital, Inc. in the sale of the business.
Elucida Completes Bridge Financing
April 3, 2017 – Elucida Oncology, Inc., a diagnostic imaging and therapeutics company employing a novel ultra-small C-Dot cancer-targeting platform, has completed a bridge financing with private investors. CoView Capital acted as exclusive financial advisor and placement agent for the offering.
CoView Capital and The Channel Group Form Healthcare Advisory Alliance
Providing Strategic Advisory and Financial Services to Life Sciences, BioMedical, and Healthcare Companies
September 21, 2016 03:57 PM Eastern Daylight Time
NEW YORK–(BUSINESS WIRE)–CoView Capital, Inc. (“CoView”), an investment banking firm, and The Channel Group, LLC (“TCG”), a strategic advisory firm specializing in healthcare transactions, announced today that they have formed an alliance to jointly provide services to life sciences, biomedical, and healthcare companies. Within the alliance, CoView provides private placement, merger and acquisition, and other investment banking services supported by TCG’s team of scientific, clinical medicine, and management leaders in the healthcare industry. TCG provides strategic advisory services directed at transactions supported by CoView’s team of senior-level investment bankers with deep experience in raising capital for emerging growth companies.
“We are enthusiastic about our new alliance with CoView as it enables both organizations the ability to provide managements of healthcare companies with access to a broader range of services, particularly in obtaining capital to finance the development of their companies.”
CoView’s Principal and Managing Director, Samuel Yellin, stated, “Our main priority is to enhance the financial services we provide to companies. We are very excited about the depth of knowledge and expertise TCG provides within the healthcare sector.”
Robert Beckman, Founder and Managing Partner of TCG added, “We are enthusiastic about our new alliance with CoView as it enables both organizations the ability to provide managements of healthcare companies with access to a broader range of services, particularly in obtaining capital to finance the development of their companies.”
About CoView Capital, Inc.
CoView is a New York-based, FINRA-registered investment banking and advisory firm. The firm was founded in 1993 by senior-level professionals with deep experience in raising capital for both domestic and international companies. CoView provides an innovative approach to traditional and complex financial issues facing both growing and established companies across industrial sectors, including healthcare.
About The Channel Group, LLC
TCG, founded in 2002, provides strategic advisory support to healthcare companies that are undergoing a transition or seeking to enter into a strategic transaction. Having served as executive management in healthcare companies from startups to Fortune 500 companies, TCG partners bring an operational management perspective and significant scientific and clinical credentials to bear in delivering results-oriented strategic advisory and transactional support to investors, directors, and company management.
About the Alliance
Meet the team at CoView and TCG to discuss how we might help your company to accelerate growth and build value. Please contact us if you would like to learn more about how we can enhance your business. Bios of our team members can be found on the websites listed below.
Click here for the full Press Release
GE Invests in Pittsburgh-based kWantera
General Electric Co. confirmed it has invested in kWantera Inc., a provider of cost-saving energy management software and services to large consumers of electricity and natural gas across the U.S. kWantera was advised by CoView Capital, Inc.
Rocla Concrete Tie, Inc. Acquired by Altus Capital Partners II, L.P.
On May 8, 2013, Altus Capital Partners, an investment firm focused on middle market manufacturing companies in the U.S., announced today the acquisition of Rocla Concrete Tie, Inc. the leading US manufacturer of pre-stressed concrete railroad ties. Altus, along with the company’s senior management team, made this investment to support Rocla’s continued participation as the leader in producing concrete ties for freight, transit and high speed rail requirements and their expansion into select foreign markets. The financial terms of the investment were not disclosed. The sellers were AH Belco S.A. a Belgian holding company and they were advised by CoView Capital, Inc.
Lyssé Ready-to-Wear Shapewear Product Line Acquired by E&A Industries Acquires
On January 22, 2013, E&A Industries, a privately held company based in Indianapolis, recently purchased Lyssé, a New York based apparel company specializing in body-slimming fashions. Terms for the deal are undisclosed. CoView Capital, Inc., an investment banking firm specializing in mergers, acquisitions, and private placements, advised Lyssé on the transaction.
Cherokee Inc. (Nasdaq: CHKE) Acquired Liz Lange Maternity® and Completely Me®
On September 4, 2013, Cherokee Inc. (NASDAQ: CHKE), a global brand management company, today announced that it has acquired the Liz Lange Maternity® and Completely Me® brands from LLM Management Co., LLC an affiliate of Bluestar Alliance, LLC for an aggregate purchase price of up to $14.0 million, inclusive of performance based earn-outs. Credited with revolutionizing modern maternity wear by providing pregnant women stylish, fashion-forward clothing, Liz Lange is one of the most recognized and respected maternity brands sold throughout North America. Cherokee Inc. is a global marketer and manager of a portfolio of Fashion and Lifestyle brands it owns and represents in multiple consumer product categories and sectors around the world. The Company has license agreements with premier retailers and manufacturers covering over 40 countries around the world. CoView Capital, Inc. initiated this transaction and acted as financial advisor to Cherokee, Inc.
Trimfit, Inc. Acquired by Strategic Partner
In June 2013, Trimfit, Inc., a designer, importer, and wholesale distributor of a wide range of socks, tights, and leggings for girls, boys, infants, and toddlers was acquired by an unnamed Strategic Partner. Founded in 1921, Trimfit markets its products primarily under its Trimfit brand to over 450 retailers for sale in over 6,000 store locations throughout the U.S. and Canada. In addition, Trimfit supplies products to a number of department and specialty stores under their private labels. CoView Capital, Inc. acted as financial advisor to Trimfit.