Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Over the past 25 years Platinum Equity has completed more than 250 acquisitions. Clearlake Capital Completes Acquisition Of nThrive's Technology Division ... both organically and through acquisition," said Behdad Eghbali, Co ⦠For more information, visit our Privacy Policy. November 16, 2020 By Marvin Larin Comments are Off, Global Distributor of Specialty Building Materials will Serve as Clearlakeâs Latest Platform for Organic Growth and Add-on Acquisitions in the Specialty Distribution Sector. Mr. Eghbali is also on the board of 6 other companies. In addition, Clearlake believes it is further differentiated by utilizing its sector driven investment approach while investing in transactions in which the firm exercises control or has significant influence. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlakeâs operational improvement approach, O.P.S.® The firmâs core target sectors are industrials, technology and consumer. We also use third-party cookies that help us analyze and understand how you use this website. Motive Partners, Clearlake and funds advised by Motive Partners have entered into a definitive agreement to acquire 80% of InvestCloud from ⦠Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Clearlake believes these situations provide attractive investment opportunities as they are often overlooked relative to large, widely followed restructurings and corporate buyouts. âPlatinum Equity has a demonstrated track record successfully investing in and creating value in the building products space over many years and PrimeSource is no exception. It has been a pleasure partnering with the PrimeSource management team led by Tom Koos, and we look forward to following the companyâs continued success in the years ahead.â. Founded in 1990, PrimeSource manages a highly diversified global supply chain, distributing over 23,000 SKUs sourced from more than 500 vendors in 16 countries throughout Asia, Europe and North America. This website uses cookies to improve your experience while you navigate through the website. The firm has offices in Santa Monica and Dallas. You also have the option to opt-out of these cookies. It is mandatory to procure user consent prior to running these cookies on your website. These cookies do not store any personal information. âWe have long admired PrimeSource for the breadth of its distribution network and unparalleled sourcing infrastructure. Clearlake currently has approximately $30 billion of assets under management and its senior investment principals have led or co-led over 300 investments. In 2018, Felicianoâs business partner, Behdad Eghbali, bought a Malibu estate for $50 million. Over in Malibu, a mansion once rented by power couple Beyoncé and Jay-Z, sold for $50 million to Behdad Eghbali, a founding partner at Santa Monica-based investment firm Clearlake Capital. "We are excited to be partnering with Sharon to create a leading web presence platform that will benefit from significant economies of scale to drive growth in an attractive market," said Behdad Eghbali, Founder and Managing Partner, and James Pade, Partner of Clearlake. Core products distributed under the nationally known Grip-Rite® and Pro-Twist® brands include: nails, screws, and collated fasteners; tools, compressors and accessories; residential and commercial roofing products; diamond blades and accessories, gypsum accessories, weather protection and covers, adhesives and caulks, contractor bags and poly sheeting, building accessories; rebar and concrete accessories; and fencing and wire. Behdad Eghbali (left) and Jose E. Feliciano, co-founders of Clearlake Capital Group. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. The Company plays a crucial role for its customers who rely on its superior brand value, breadth of offering and sourcing and logistics capabilities. It was listed upon completion early last spring, asking $25.65 million. But opting out of some of these cookies may affect your browsing experience. They are the optimal partners for PrimeSource at this stage in our Companyâs evolution. We are looking forward to continuing our exciting growth trajectory in the coming years.â, âWe are excited to partner with Tom, Bill, and the entire PrimeSource management team,â said José E. Feliciano, Co-Founder and Managing Partner at Clearlake. "Clearlake has always had a flexible investment mandate, and this fits perfectly with our strategy. I have known José E. Feliciano, Behdad Eghbali, Colin Leonard and the team at Clearlake for over a decade, having not only been a CEO for one of their previous portfolio companies but also in my capacity as a board member and advisor to several Clearlake portfolio companies. âBy investing in growth and fundamentally improving the Companyâs operational underpinnings, PrimeSource substantially increased earnings and is well positioned to sustain its momentum.â, âPrimeSource has been a fantastic success story,â said Platinum Equity Managing Director Todd Golditch. The prospective buyers are Behdad Eghbali and José Feliciano â billionaire co-founders of Clearlake Capital, a private equity firm based ⦠This website uses cookies to improve your experience while you navigate through the website. The billionaire behind the moniker recently picked up a $21 million house on the western margin of Brentwood Park, and itâs worth a look. Based in Santa Monica, California with an office in Dallas, Texas, Clearlake is led by José E. Feliciano and Behdad Eghbali, who have together built a team of investment professionals with a unique blend of sector and product capabilities through a history of long-term strategic partnerships with management to transform and grow companies. For more information, please visit www.primesourcebp.com, www.grip-rite.com, www.pro-twist.com. But opting out of some of these cookies may affect your browsing experience. Clearlake Capital Group has completed its previously announced buyout of Endurance in a take-private deal for about $3 billion. © 2018 Cohesive Capital. We also use third-party cookies that help us analyze and understand how you use this website. For more information, visit our Privacy Policy. â Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more. PrimeSource is a leading global distributor of specialty building materials serving residential, commercial, and industrial new-construction and remodeling markets. Platinum Equity acquired PrimeSource in 2015 from Itochu Corporation. View Behdad Eghbaliâs professional profile on Relationship Science, the database of decision makers. CLEARLAKE CAPITAL GROUP, L.P. Total Shares: 4,708,463 Subject Company: Blackbaud Inc - View Complete Ownership History Backtest Filed as of Date: 02/08/2021: Event Date: 12/31/2020: Overall % Ownership: 9.5 Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. âWe are grateful to Platinum Equity for the support over the past several years. They have been instrumental in transforming PrimeSource and their operating model has been key to our success,â said Mr. Koos. Behdad Eghbali serves as a member of the Board of Directors for Diligent. Platinum Equity specializes in mergers, acquisitions and operations â a trademarked strategy it calls M&A&O® â acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. © 2018 Cohesive Capital. Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Based in Santa Monica, California with an office in Dallas, Texas, Clearlake is led by José E. Feliciano and Behdad Eghbali, who have together built a team of investment professionals with a unique blend of sector and product capabilities through a history of long-term strategic partnerships with management to transform and grow companies. Our team has a long history in credit and WhiteStar's investment philosophy lines up well with ours," said Jose E. Feliciano and Behdad Eghbali, Clearlake's co-founders and managing directors, in the news release. Clearlake currently has approximately $25 billion of assets under management, and its senior investment principals have led or co-led over 200 investments. The home is a very fine contemporary Spanish style, and a new build. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies will be stored in your browser only with your consent. âWe deployed the full range of our M&A&O toolkit, helping the company grow strategically while enhancing its capabilities in supply chain management, logistics, salesforce effectiveness and technology applications,â said Platinum Equity Partner Jacob Kotzubei. Behdad Eghbali is Co-Founder & Managing Partner at Clearlake Capital Group LP. âThis new investment is a great example of our focus and expertise in the specialty industrial distribution sector. With 34 distribution centers throughout the US and more than 1,100 employees, PrimeSource is a global distributor of building materials serving residential, commercial, and industrial new-construction and remodeling markets as a value-added link in the distribution chain. Moelis & Company is serving as Platinum Equityâs financial advisor on the sale of PrimeSource and Gibson, Dunn & Crutcher LLP is serving as Platinum Equityâs legal advisor. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. âThis is an impressive milestone for symplr as the acquisition of Phynd provides highly complementary cloud provider directory management technology, expanding the companyâs capabilities and addressable market,â said Behdad Eghbali, Co-Founder and Managing Partner, and Prashant Mehrotra, Partner, of Clearlake. Clearlakeâs history of active leadership as value-added investors is further enhanced by the firmâs network of executives and operating resources within its core industries. By continuing to browse, you hereby agree to the use of cookies. Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $23 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. It is mandatory to procure user consent prior to running these cookies on your website. You also have the option to opt-out of these cookies. Clearlake Capital Partners founders Behdad Eghbali and José Feliciano.
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