News

June 26, 2019

Veteran Retail and Omnichannel Executive Joins Mitchell Gold + Bob Williams as CEO

Allison O’Connor has been named President and CEO of the renowned home furnishing brand Effective July 15, 2019, veteran retail and omnichannel executive Allison O’Connor is joining Mitchell Gold + Bob Williams as President and CEO. After conducting a thorough search with leading executive recruitment firm Spencer Stuart, Allison was selected to spearhead the brand’s […]

June 26, 2019

Sound Seal Acquires Noise Barriers, LLC

Little Rock, Arkansas – June 26, 2019. Sound Seal, a portfolio company of The Stephens Group, LLC and leading manufacturer of noise control products, announced today that it has acquired Illinois-based Noise Barriers, LLC. Noise Barriers will operate as a stand-alone division of Sound Seal. Through the Sound Seal acquisition, Noise Barriers will have access […]

June 5, 2019

The Stephens Group Provides Mid-Year Recap of Investment Initiatives; Announces Launch of New Website

Firm Completes Two Exits, One New Investment and One Additional Funding Round New Website Incorporates Updated Brand Positioning to Reflect Investment Legacy and Go-forward Strategy Little Rock, Arkansas, June 5, 2019 – The Stephens Group, LLC, a private, family-owned investment firm, today provided an overview of the various business activities undertaken by the firm during […]

May 31, 2019

The Rise of Permanent Capital: Single Family Offices and Direct Investing

Over the last 15 years, the number of billionaires increased by over 1,500 worldwide. Significant gains in both public equities and private companies have driven rapid wealth creation for individuals and families, who have started forming “single-family offices” to manage this wealth. As single-family offices’ source of wealth is typically long-dated, permanent capital, direct investing […]

March 26, 2019

The Stephens Group Acquires Sound Seal Holdings, Inc.

The Stephens Group, LLC announced today that it finalized its acquisition of Sound Seal Holdings, Inc. (“Sound Seal” or the “Company”). Terms of the transaction were not disclosed. Based in Agawam, Massachusetts, Sound Seal is a leading manufacturer of acoustical noise control solutions, offering the widest product selection in the industry with innovative solutions and […]

February 20, 2019

Kodiak Gas Services, LLC, a portfolio company of The Stephens Group, LLC, acquired by EQT

The Stephens Group, LLC announced that it has recently sold its interests in Kodiak Gas Services, LLC to EQT Infrastructure III fund (“EQT Infrastructure”). Founded in 2011, Kodiak is the largest privately owned and 3rd largest contract compression company in the U.S. providing necessary compression equipment for the extraction of oil and transportation of natural […]

January 24, 2019

DISCO Raises $83 Million, Bringing Total Investment to $135 Million

The Stephens Group announced that its existing investment platform Disco has recently raised additional capital to support its growth. Legal technology company DISCO announced on January 24, 2019 an $83 million investment led by Georgian Partners, a Toronto-based venture-capital firm with deep expertise in applied artificial intelligence. Existing investors Bessemer Venture Partners, LiveOak Venture Partners, […]

January 16, 2019

Kissner Group Holdings Acquires NSC Minerals

The Stephens Group, LLC announced that it has recently sold its interests in NSC Minerals Ltd (“NSC” or the “Company”) to Kissner Group Holdings LP, the parent company of a leading bulk salt, specialty packaged salt and evaporated salt producer. NSC is a market-leading provider of salt products in Western Canada and the North Central […]

December 9, 2018

GranQuartz Acquires Regent Stone Products

GranQuartz, a division of Pearlman Group and a portfolio company of The Stephens Group, LLC, has acquired Regent Stone Products. Terms of the transaction were not disclosed. Since 1992, Regent Stone Products has distributed stone fabrication and restoration tools and supplies. Based in Virginia Beach, VA, Regent has built a strong, loyal following with fabricators […]

June 5, 2018

CoreLink Acquires Expanding Orthopedics, Inc.

CoreLink, LLC (“CoreLink”), a portfolio company of The Stephens Group, LLC, has acquired the assets of Expanding Orthopedics, Inc. Terms of the transaction were not disclosed. Expanding Orthopedics, founded in 2001, develops and commercializes innovative expandable devices for minimally invasive spine surgery. Along with the FDA-cleared expanding and articulating FLXfit™ and FLXfit 15™ titanium interbody […]

April 21, 2018

Arvest Bank Completes Bear State Acquisition

Arvest Bank announced Friday the closing of its acquisition of Bear State Financial Inc., the parent company of Bear State Bank, according to a news release. Arvest and Bear State are now legally one bank but will continue to operate under separate names until sometime this fall, when Bear State branches, accounts and operations will […]

March 28, 2018

Renasant Corporation and Brand Group Holdings, Inc. Announce Definitive Merger Agreement

Renasant Corporation (the “Company” or “Renasant”) (NASDAQ: RNST) and Brand Group Holdings, Inc. (“Brand”) jointly announced today the signing of a definitive merger agreement pursuant to which Brand will merge with and into Renasant in a transaction currently valued at approximately $452.9 million. The proposed merger has been approved unanimously by each company’s Board of […]

January 30, 2018

DISCO Raises $20M Growth Financing

New round of funding led by Bessemer Venture Partners will be used to accelerate R&D, scale out the U.S. go-to-market team, and expand into Asia Pacific, Europe, and Latin America CS Disco Inc., the legal technology company that makes the market-leading cloud ediscovery solution DISCO, today announced a $20M equity financing. Bessemer Venture Partners led […]

May 15, 2017

The Stephens Group Acquires Pearlman Enterprises, Inc.

The Stephens Group, LLC announced today that it finalized its acquisition of Pearlman Enterprises, Inc. (“Pearlman” or the “Company”), the parent company of GranQuartz and Pearl Abrasive. Terms of the transaction were not disclosed. Pearlman, headquartered in Norcross, GA, is a multi-channel developer and distributor of supplies, tools, and equipment used in the fabrication and […]

April 5, 2017

Armor Announces $89 Million Investment from ST Telemedia

Company poised to capitalize on global cloud migration and increasing security demand.  Armor, The First Totally Secure Cloud Company™, closed an $89 million equity financing led by ST Telemedia (STT). STT has become a joint lead shareholder with The Stephens Group (TSG), the existing majority shareholder. The investment from STT will accelerate the adoption of Armor’s managed security platform […]

March 31, 2017

Summit Utilities Acquires Arkansas Oklahoma Gas Corporation

AOG will retain its name going forward.  Summit Utilities, Inc. (SUI) today completed its acquisition of A.O.G. Corporation and its wholly-owned subsidiary Arkansas Oklahoma Gas Corporation (AOG), which serves nearly 60,000 natural gas utility customers in Arkansas and Oklahoma. “Arkansas Oklahoma Gas Corporation has spent more than seven decades building a strong foundation in its […]

March 1, 2017

Nationwide Completes Acquisition of Jefferson National

Commits to preserving and supporting existing structure and teams.  Nationwide has completed its previously announced acquisition of Jefferson National, an industry-leading distributor of tax-advantaged investing solutions for registered investment advisors (RIAs), fee-based advisors and the clients they serve. Jefferson National is now a wholly-owned subsidiary of Nationwide. The transaction increases each organization’s ability to serve […]

July 22, 2016

DISCO Raises $18.575M Series C

Investment to drive further growth and innovation in legal technology.  Legal technology company CS Disco Inc. today closed $18.575M in Series C funding. The Stephens Group, a private equity firm, led the round, with participation from existing investors Bessemer Venture Partners and LiveOak Venture Partners. This brings total investment in DISCO to more than $35M. DISCO’s next-­generation […]

June 27, 2016

The Stephens Group Announces Partnership with CoreLink, LLC

The Stephens Group announced today that it finalized its partnership with CoreLink, LLC (“CoreLink” or the “Company”). The significant equity investment by The Stephens Group completes a recapitalization that positions the Company for the next stage of its growth. Terms of the transaction were not disclosed. CoreLink, based in St. Louis, Missouri and founded in […]

October 19, 2015

Windstream to Sell Data Center Business for $575 million

Windstream remains committed to providing data center services for enterprise customers through strategic partnerships.  Windstream (NASDAQ: WIN), a leading provider of advanced network communications, today announced that it has entered into a definitive agreement with TierPoint, a leading national provider of cloud, colocation and managed services, to sell Windstream’s data center business in an all […]

October 2, 2015

The Sterling Group Completes the Sale of Universal Fiber Systems to HIG

The Sterling Group, a private equity firm based in Houston, Texas, announced that it has completed the sale of Universal Fiber Systems (“UFS”) to funds managed by HIG. ​Headquartered in Bristol, Virginia, UFS is a leading manufacturer of high-performance, specialty synthetic fibers for niche segments of the commercial carpet, transportation carpet and specialty apparel industries. […]

August 31, 2015

FireHost Is Now Armor, the Leader in Active Cyber Defense Focused on True Outcomes for Customers

Armor delivers dwell times 100 times shorter than the 205-­day industry average.  A history of spending on security tools, followed by subsequent breaches, has proven that traditional cybersecurity approaches have been ineffective against disrupting and neutralizing cyberattacks. To deliver the best possible security outcomes to customers, FireHost is expanding its vision and offerings under a […]

January 9, 2015

Mitchell Gold + Bob Williams acquired by The Stephens Group

On December 17, 2014, The Mitchell Gold Co. d/b/a Mitchell Gold + Bob Williams, formerly a portfolio company of Wafra Partners, was acquired by The Stephens Group, LLC. The Stephens Group has partnered with the company’s co-founders, Mitchell Gold and Bob Williams, who fully maintained their significant ownership position in the business. Mitchell Gold will […]

June 10, 2014

Management, Investor Group Announce Acquisition of TierPoint

New Partnership Positions Company for Future Investments, Acquisitions.  Cequel Data Centers, LLC, the parent company of TierPoint, LLC, announced today that is has been acquired by an investor group comprised of management and experienced investors across the communications infrastructure industry. The investor group includes Chairman Jerry Kent, RedBird Capital Partners, The Stephens Group, Jordan/Zalaznick Advisers, […]

April 16, 2014

Fast-growing Secure Cloud Provider FireHost Secures $25 Million in Series E Funding

New Funding Round to Accelerate Innovation, Growth as Secure Cloud Leader Continues Rapid Momentum for Secure Cloud Computing and Data Protection. ​ FireHost, the secure cloud company, today announced a $25 million Series E funding round led by its longtime investment partner, The Stephens Group, LLC. The latest round fuels FireHost’s global growth as the […]

July 9, 2013

DH Capital Advises Bay Area Internet Solutions on Sale to The Stephens Group

DH Capital, LLC (“DH Capital”), an investment banking firm serving companies in the Internet infrastructure, communications and SaaS sectors, is pleased to announce that it served as exclusive financial advisor to Bay Area Internet Solutions (“BAIS”), a leading data center provider of colocation, managed IT and high speed access services, on its sale to The […]

June 12, 2013

FireHost Secures $12 million in Series D Funding Led by The Stephens Group, LLC

Funding fuels innovation and product development to advance leadership in secure cloud. FireHost, the secure cloud hosting company, today announced a $12M Series D funding round led by investment partner The Stephens Group, LLC. This funding will be used to extend FireHost’s innovative, industry-leading solutions in the secure cloud category. FireHost protects critical applications and […]

October 4, 2012

Harris Williams & Co. Advises JV Industrial Companies, Ltd. in its Sale to Strategic Buyer Zachry Holdings, Inc.

M&S Activity in the Industrial Services Sector is on the Rise. Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of JV Industrial Companies, Ltd. (JVIC), a turnkey industrial services company that provides turnaround, maintenance, repair and related facility requirements solutions, to Zachry […]

September 18, 2012

FireHost Raises $10 Million in Series C Funding Led by The Stephens Group, LLC

Capital will accelerate plans for global expansion and rolling out new secure cloud service offerings. FireHost, a company, announces today a $10M Series C funding round, financed entirely from existing investors including The Stephens Group, LLC, and angel investors that have funded FireHost since its inception. Since the company’s’ official launch in 2009, FireHost has […]

August 15, 2012

Heritage Completes a Structured Equity Investment in ProTransport-1

New Heritage Capital is pleased to announce its investment in ProTransport-1, LLC. Headquartered in Cotati, California, ProTransport-1 is a leading provider of interfacility medical transportation solutions to hospitals, skilled nursing facilities, specialty clinics and event venues in Northern California. Its specialized focus on the interfacility market has allowed it to grow at an exponential pace. […]

March 12, 2012

TowerBrook Capital Announces Acquisition of Shale-Inland and IPVF

Shale-Inland Holdings, LLC, a holding company majority-owned and controlled by funds of TowerBrook Capital Partners L.P. (“TowerBrook”), today announced definitive agreements pursuant to which it will acquire Shale-Inland as well as HD Supply’s IPVF business (“IPVF”). Terms of the transactions have not been disclosed. Both transactions are expected to close by the end of March. […]

March 6, 2012

JV Industrial Companies Announces Acquisition of Priority Catalyst Services

JV Industrial Companies (“JVIC”) is pleased to announce the completion of its acquisition of substantially all the assets of Priority Catalyst Services, LLC. The new entity creates a specialty division under JVIC named JV Industrial Catalyst (“Catalyst”). The entire Priority Catalyst Services team is joining JVIC and the new division is led by Andre Folse […]

January 17, 2012

Jefferson National Successfully Completes Management Buyout Transaction

Financial Partners Fund, The Stephens Group and Eric Schwartz Team with Jefferson National Executives to Acquire Company and Drive Fee-Based Advisor Distribution Strategy. Substantial New Capital Accelerates Growth of Leading Provider to RIA and Fee-Based Advisors. Jefferson National Financial, a leading innovator of products and services for Registered Investment Advisors (RIAs) and fee-based advisors, announced […]

September 15, 2011

FireHost, Inc. Secures $10 Million in Series B Funding Led by The Stephens Group, LLC

Investors Confident in FireHost’s Position as The Go-To Cloud Host for Security. FireHost, a secure cloud hosting company, announces today a growth investment by The Stephens Group, LLC, as well as earlier-round investors. This capital infusion validates FireHost’s position that security is a top priority for businesses using the cloud and will help the company […]

May 4, 2011

Brand Group Holdings Completes $200 Million Capital Raise

Investments by Carlyle, Stephens Group, the Cousins Family and Others, Make Brand Group One of the Best Capitalized Bank Holding Companies in Georgia.  Brand Group Holdings, Inc. (Brand Group), which is the parent holding company of The Brand Banking Co. (Brand Bank), announced today that it has completed its $200 million capital raising effort led […]

May 3, 2011

First Federal Bancshares of Arkansas, Inc. Announces Closing of $46.3 million Investment from Bear State Financial Holdings, LLC

First Federal Bancshares of Arkansas, Inc. (NASDAQ: FFBH) (the “Company”) today announced the closing of the planned $46.3 million investment in the Company by Bear State Financial Holdings, LLC (“Bear State”). In the transaction, Bear State received 15,425,262 shares of the Company’s common stock and a warrant to purchase two million additional shares of the […]

March 1, 2011

Shale-Inland Acquires Main Steel Polishing Company, Inc.

Established a National Footprint in Stainless Steel and Aluminum Processing Combines Stamping and Fabricating Operations in the Midwest Partnership with The Stephens Group of Little Rock, Arkansas.  Shale-Inland Chief Executive Officer and Chairman of the Board, Craig T. Bouchard, announced Shale-Inland’s acquisition of 100% of the stock of Main Steel Polishing Company, Inc., which is based in […]

February 16, 2011

Spitzer Industries Announces Acquisition of Advanced Inspection Technologies

Spitzer Industries, Inc. (“Spitzer”) today announced the completion of its acquisition of Advanced Inspection Technologies (“AIT”), a company based in Houston. AIT specializes in performing advanced Nondestructive Testing (NDT) of welds and base materials, using phased array ultrasonic testing and computed radiography. The acquisition also furthers Spitzer’s world class fabrication capabilities with deeper welding engineering […]

November 1, 2010

Brand Group Holdings Announces Significant Investment Agreements for New Capital

Brand Group Holdings, Inc. (Brand Group), which is the parent holding company of The Brand Banking Co. (Brand Bank), announced today that Brand Group has entered into agreements that contemplate the investment of up to $200 million in capital. As part of the first phase of investment, agreements have been signed with affiliates of The […]

September 14, 2010

FiberMedia Group, LLC Announces Partnership with The Stephens Group, LLC

FiberMedia Group, LLC (“FiberMedia” or the “Company”) announced today that it has finalized its partnership with The Stephens Group, LLC, a Little Rock, Arkansas based private equity firm. The equity investment by The Stephens Group completes a majority recapitalization that positions the Company for the next stage of its growth. Michael Bucheit is joining FiberMedia […]

December 7, 2009

Buyers Protection Group Completes Acquisition of Home Warranty and Home Inspection Companies

Management Leads Buyout of LandAmerica Subsidiaries.  Buyers Protection Group, Inc. (“BPG”), an Atlanta-based real estate services firm, has completed its acquisition of two businesses from LandAmerica Financial Group, Inc. (“LandAmerica”). The acquisition, which recently received regulatory approval, provides BPG with home warranty operations in 30 states and home inspection services in 14 states. The acquired […]

November 2, 2009

Heritage Completes a Structured Equity Investment in REACH Air Medical Services, LLC

Heritage is pleased to announce that it has completed a Structured Equity investment in REACH Medical Holdings, a family business based in Santa​ Rosa, California. REACH is a leading provider of air medical transportation services in the western United States, operating seventeen rotor-wing and three fixed-wing aircraft. The Company treated and transported thousands of patients […]

July 6, 2009

Goodman Networks secures $62MM in combined equity and debt financing from The Stephens Group & PNC

Transaction provides growth capital to one of Texas’ fastest growing telecommunications companies.  Equity funding led by The Stephens Group, a long-time growth capital and telecommunications investor.  Goodman Networks Inc. today announced that the company has secured a significant equity investment from The Stephens Group, LLC. The Stephens Group is a long-time investor in high-growth companies […]

May 27, 2009

Buyers Protection Group, Inc. to Acquire LandAmerica Home Warranty and Property Inspections Companies

Current Employees and Management Pursue Purchase.  Buyers Protection Group, Inc. (“BPG”), an Atlanta-based real estate services firm, has signed a definitive agreement to purchase two subsidiaries from LandAmerica Financial Group, Inc.(“LandAmerica”). The acquisition is subject to regulatory approval and is expected to close later this summer. LandAmerica Home Warranty Company, founded in 1987, provides one-year […]

May 23, 2008

Acute Technological Services, LLC Announces Partnership with The Stephens Group, LLC

Acute Technological Services, LLC (“Acute” or the “Company”) announced today that it has finalized its partnership with The Stephens Group, LLC, a Little Rock, Arkansas based private equity firm. The equity investment by The Stephens Group completes a majority recapitalization that positions the Company for the next stage of its growth. Acute’s customers represent some […]

April 24, 2008

Spitzer Industries, Inc. Announces the Acquisition of Orizon Industries, Inc.

Spitzer Industries, Inc. (“Spitzer”) today announced the completion of its acquisition of Orizon Industries, Inc. (“Orizon”), a company based west of Houston specializing in heavy industrial steel fabrication. The acquisition is the next step in accelerating Spitzer’s growth and further improving its fabrication capabilities. Founded in 1988, Orizon ranks in the top tier of heavy […]

December 19, 2007

Spitzer Industries, Inc. Announces the Acquisition of Curtis Kelly, Inc. and Waterfront Facility

Spitzer Industries, Inc. (“Spitzer”) today announced the acquisition of Curtis Kelly, Inc. (“Curtis Kelly”), a Houston based company specializing in design and fabrication of process equipment from high alloys and stainless steel. Additionally, Spitzer has also acquired, through its affiliates, the former Brown & Root Deck Building on the Houston Ship Channel where a portion […]

November 5, 2007

Heritage Completes Investment in Centra Industries Inc.

Private IPO® Provides Liquidity and Ownership.  Heritage Partners, the leading private equity firm focused on family-owned businesses, today announced it has completed a CAD$24.9 million equity investment in Centra Industries Inc., a family-owned manufacturer of structural components and assemblies for commercial aircraft. The transaction was structured as a Heritage Private IPO®, allowing the family shareholders […]

October 26, 2007

The Sterling Group, L.P. Completes Acquisition of Universal Fiber Systems, LLC

The Sterling Group, L.P. (“Sterling”), a Houston-based private equity investment firm, today announced that it has finalized the acquisition of Universal Fiber Systems, LLC (“UFS”), headquartered in Bristol, VA. The acquisition was financed with equity primarily from Sterling Group Partners II, L.P. and debt financing was solely arranged by BNP Paribas. UFS is a leading […]

August 27, 2007

Stephens Group Invests Millions, ArkansasBusiness.com

Witt Stephens, Jr. didn’t expect the pace of transactions would be so lively when The Stephens Group, LLC was launched in July 2006. But it’s the sort of first year surprise the 39-year-old executive can endure with a smile. The Little Rock firm, which sprouted out of a reorganization of the Stephens family business empire, […]

April 19, 2007

Vestcom Announces Partnership with The Stephens Group, LLC and Lake Capital

Additional Capital and Strategic Resources Position Retail Solutions Company for Accelerated Growth.  Vestcom International Inc., the leading provider of data-driven, shelf-edge marketing solutions to major retailers and brand manufacturers in the grocery, drug, and mass merchandising industries, today announced it has reached an agreement under which The Stephens Group, LLC, a Little Rock-based private equity […]

April 3, 2007

Multi-Shot, LLC Announces Partnership with The Stephens Group, LLC

Multi-Shot, LLC (“Multi-Shot” or the “Company”) today announced that it has finalized an agreement under which The Stephens Group, LLC, a Little Rock, Arkansas based private equity firm, will make a majority equity investment in the Company and provide subordinated debt financing. The transaction completes a partial recapitalization that will position the Company for the […]

February 13, 2007

Seminole Energy Services Receives $55 Million Capital Infusion From The Stephens Group

Tulsa-based Seminole Energy Services, LLC, announced today that The Stephens Group, LLC, a private investment firm located in Little Rock, Arkansas, has provided the company $55 million in equity capital to support its growth in the retail gas marketing and midstream businesses. Privately-held Seminole currently provides “wellhead-to-burner-tip” natural gas marketing services to end users and […]

February 7, 2007

Spitzer Industries, Inc. Announces Partnership with The Stephens Group, LLC

Spitzer Industries, Inc. (“Spitzer” or the “Company”) today announced that it has finalized its partnership with The Stephens Group, LLC, a Little Rock, Arkansas-based private equity firm. The equity investment by The Stephens Group completes a partial recapitalization that will position the Company for the next stage of its growth and further improve its fabrication […]

September 29, 2006

The Sterling Group, L.P. Announces Acquisition of BTEC Turbines LP

The Sterling Group, L.P. (“Sterling”), a Houston-based private equity firm and The Stephens Group, LLC of Little Rock, Arkansas (“Stephens”, and together, the “Investors”), today announced that they have finalized the acquisition of a majority stake in BTEC Turbines LP (“BTEC”). The acquisition was financed with equity and debt capital provided equally by the Investors. […]

July 6, 2006

The Stephens Group, LLC Reveals Private Equity Investment Team

The Stephens Group, LLC, the newly formed private-equity firm founded by Witt Stephens, Jr. and Elizabeth Stephens Campbell, today announced the addition of seven new members to its private equity investment team. Jon Jacoby will join the firm as vice chairman and senior principal, Rick Turner as senior managing principal, Bob Schulte as chief financial […]