Two Acquisitions Accelerate Exigent’s Service and Geographic Expansion in the Southeast DETRIOT, MI – April 25, 2023 –Exigent Holdco, LLC (“Exigent” or the “Company”), a provider of mission-critical HVAC, plumbing, and other mechanical system repair, maintenance, and replacement services, has acquired JPG Plumbing & Mechanical Services Inc. (“JPG”) and ThermaServe Inc. (“ThermaServe”). The Stephens Group […]
News
April 12, 2023
Kele, Inc. Announces Leadership ChangesAppointment of Danny Lyons to CEO of Kele, Inc. Existing CEO Richard Campbell will remain as Executive Chairman Appointment of Rob Benson to President of Kele Commercial MEMPHIS, TN – APRIL 12, 2023 – Kele, Inc., (“Kele” or the “Company”) a portfolio company of The Stephens Group, LLC, today announced recent leadership changes to position […]
March 30, 2023
The Stephens Group Announces PromotionsLITTLE ROCK, ARKANSAS – MARCH 30, 2023 – The Stephens Group, LLC (“The Stephens Group”) is pleased to announce the promotions of Mark Steenhoek to Managing Director – Operations, Chad Greenway to Principal and Executive Vice President, and Chris Kauffman to Executive Vice President – Finance & Accounting. Mr. Steenhoek works closely with both the […]
FORT WAYNE, IN – MARCH 22, 2023 – Princeton TMX, LLC (“Princeton TMX” or the “Company”), the leading TMS for industrial shippers, announced today that Greg Hobby has joined the Company as Vice President of Sales. His extensive experience leading sales teams at high-growth software businesses will support Princeton TMX’s mission to continue to scale […]
February 1, 2023
The Stephens Group – 2022 Year In ReviewABOUT THE STEPHENS GROUP, LLC The Stephens Group, LLC is a private investment firm that partners with talented management teams to help build valuable businesses. Backed by the resources of the Witt Stephens, Jr. and Elizabeth Campbell families, the firm combines the operational expertise of a private equity firm with the flexibility provided by long-term […]
January 26, 2023
Princeton TMX Follows Recent Strategic Transaction with Key Additions to LeadershipNed Stringham (Board), Amy Steadman (CFO), and Erica Hines (Director of Client Onboarding) join the Company to Help Build the Market Leading TMS for Industrial Shippers FORT WAYNE, IN – JANUARY 26, 2023 – Princeton TMX, LLC (“Princeton TMX” or the “Company”), an industrial shipping solutions provider, announced today that Ned Stringham, a distinguished software […]
January 24, 2023
The Stephens Group Hires Jack Nadal as Managing DirectorLITTLE ROCK, AR – JANUARY 24, 2023 – The Stephens Group, LLC (“The Stephens Group”), the private investment firm backed by the Witt Stephens and Elizabeth Campbell families, announced it has hired Jack Nadal as a Managing Director. Mr. Nadal brings deep expertise across highly regulated industrial, transportation and government end markets and will focus […]
December 20, 2022
The Stephens Group Congratulates Summit Industrial Construction on Its Recognition by Engineering News-RecordRanked #202 on the 2022 Ranking of Top 600 Specialty Contractors LITTLE ROCK, AR – DECEMBER 20, 2022 – The Stephens Group, LLC (“The Stephens Group”), the private investment firm backed by the Witt Stephens and Elizabeth Campbell families, is pleased to congratulate Summit Industrial Construction, LLC (“Summit Industrial”) on being named #202 on Engineering […]
December 15, 2022
Pearlman Group Acquires AdvantagePartners with Bonwell Family to Build on Legacy LITTLE ROCK, AR – DECEMBER 15, 2022 – Pearlman Group (“Pearlman”), a portfolio company of The Stephens Group, LLC (“The Stephens Group”) and a leading multi-channel developer and specialty distributor of supplies, tools, and equipment used in the fabrication, maintenance, cleaning, and restoration of surfaces for residential, […]
December 8, 2022
The Stephens Group Acquires Quality ValvePartnership enables continued growth of the leading specialty distribution platform for OEM replacement and repair parts for valves LITTLE ROCK, AR – DECEMBER 8, 2022 – The Stephens Group, LLC (“The Stephens Group”) announced today that it finalized its acquisition of Quality Valve, Inc. (“Quality Valve” or the “Company”) from Pfingsten. Terms of the transaction […]
FORT WAYNE, IN AND LITTLE ROCK, AR – DECEMBER 1, 2022 – Princeton TMX, LLC (“Princeton TMX”) and The Stephens Group, LLC (“The Stephens Group”) announced today that they have completed a significant strategic transaction designed to accelerate the value Princeton TMX delivers to industrial shippers. Fort Wayne-based Princeton TMX leverages modern cloud infrastructure, profiled […]
October 20, 2022
The Stephens Group Supports Huron Capital in Formation of ExigentMISSION-CRITICAL SERVICES PROVIDER EXIGENT LAUNCHES WITH ITS FIRST ACQUISITION, AMERICAN COMBUSTION INDUSTRIES INC LITTLE ROCK, ARKANSAS – OCTOBER 20, 2022 – Private investment firm The Stephens Group, LLC (“The Stephens Group”) announced that it has made a minority investment in the formation of Exigent (or the “Company”), which will provide a variety of mission-critical repair, […]
September 20, 2022
The Stephens Group Congratulates Portfolio Company Westrock Coffee, Whose Common Stock is Now Listed on the NASDAQLITTLE ROCK, ARKANSAS – SEPTEMBER 20, 2022 – Private investment firm The Stephens Group, LLC (“The Stephens Group”) announced today that its portfolio company Westrock Coffee Company (“Westrock Coffee” or “the Company”) recently completed its business combination with Riverview Acquisition Corp. The shares and certain warrants to purchase shares of the common stock began trading […]
June 28, 2022
Pearlman Group Acquires Cleaners ConnectionAdds New Capabilities and Reach in Cleaning & Restoration Pearlman Group (“Pearlman”), a portfolio company of The Stephens Group, LLC (“The Stephens Group”) and a leading multi-channel developer and specialty distributor of supplies, tools and equipment used in the fabrication, maintenance, cleaning, and restoration of surfaces for residential, commercial, and industrial end-markets, announced that it […]
April 14, 2022
The Stephens Group Hires Four to Bolster Business Development, Investment and Operational TeamsLITTLE ROCK, ARKANSAS – APRIL 14, 2022 –The Stephens Group, LLC (“The Stephens Group”), the private investment firm backed by the Witt Stephens and Elizabeth Campbell families, announced it has hired four new employees to bolster The Stephens Group’s business development, investment, and operational teams. Ryan Morrow was hired as a Principal to focus on […]
Purpose-driven company that serves the world’s most iconic brands and delivers measurable global impact through sustainable sourcing, digitally traceable supply chain management, has strong financial profile and revenue growth Westrock Coffee offers a highly scalable platform and is delivering strong financial results with estimated 2022 revenue of approximately $960 million and projected adjusted EBITDA of […]
March 22, 2022
Pearlman Group Acquires CleanSourceContinues to Scale in Cleaning & Restoration via Partnership Pearlman Group (“Pearlman”), a portfolio company of The Stephens Group, LLC (“The Stephens Group”) and a leading multi-channel developer and specialty distributor of supplies, tools and equipment used in the fabrication, maintenance, cleaning, and restoration of surfaces for residential, commercial, and industrial end-markets, announced that it […]
LITTLE ROCK, ARKANSAS – MARCH 2, 2022 – The Stephens Group, LLC (“The Stephens Group”), the private investment firm backed by the Witt Stephens and Elizabeth Campbell families, is pleased to congratulate Allison O’Connor, President and CEO of portfolio company Mitchell Gold + Bob Williams, on being named one of the 2022 Top Women in Retail. […]
January 11, 2022
Kele, Inc. Completes Acquisition ofA-tech, Inc.
Acquisition is Kele’s fifth since 2017 and strengthens industrial offering and footprint. MEMPHIS, TN AND TULSA, OK – JANUARY 11, 2022 – Kele, Inc., a portfolio company of The Stephens Group, LLC, today announced that it acquired A-tech, Inc., a distributor of industrial automation products. The acquisition expands Kele’s breadth of products and services in […]
December 16, 2021
Pearlman Group Acquires Vector ToolsDeepens Presence and Capabilities in Stone Fabrication Supply LITTLE ROCK, ARKANSAS – DECEMBER 16, 2021 – The Pearlman Group (“Pearlman”), a portfolio company of The Stephens Group, LLC (“The Stephens Group”) and a leading multi-channel developer and specialty distributor of supplies, tools and equipment used in the fabrication, maintenance, cleaning and restoration of surfaces for […]
October 21, 2021
The Stephens Group Congratulates DISCO CEO Kiwi Camara for Being Named Best Public Company CEOLITTLE ROCK, ARKANSAS – OCTOBER 21, 2021 – The Stephens Group, LLC (“The Stephens Group”), congratulates Kiwi Camara, CEO of DISCO, on recently being named Austin’s 2021 best public company CEO by Austin Business Journal. We know this recognition is well deserved based on our five-year partnership with Kiwi and the rest of the DISCO […]
October 6, 2021
The Stephens Group Hires Whit Kilgroe as General CounselLITTLE ROCK, ARKANSAS – OCTOBER 6, 2021 – The Stephens Group, LLC (“The Stephens Group”), the private investment firm backed by the Witt Stephens and Elizabeth Campbell families, announced it has hired Whit Kilgroe as General Counsel. Ron Clark, former General Counsel, will continue to serve as Chief Operating Officer. Mr. Kilgroe leads the legal […]
September 28, 2021
Pearlman Group Acquires Excel Cleaning and Restoration SuppliesExpands Product Offering into the Restoration and Professional Cleaning Markets LITTLE ROCK, ARKANSAS – SEPTEMBER 28, 2021 – Pearlman Group (“Pearlman”), a portfolio company of The Stephens Group, LLC (“The Stephens Group”) and a leading multi-channel developer and specialty distributor of supplies, tools and equipment used in the fabrication and maintenance of hard surfaces for […]
LITTLE ROCK, ARKANSAS – JULY 23, 2021 – Private investment firm The Stephens Group, LLC (“The Stephens Group”) announced today that its portfolio company DISCO completed its initial public offering. The shares began trading on the New York Stock Exchange on July 21, 2021 under the symbol “LAW.” DISCO offers a cloud-native, artificial intelligence-powered legal […]
June 25, 2021
The Stephens Group Promotes Two to Vice PresidentLITTLE ROCK, ARKANSAS – JUNE 25, 2021 – The Stephens Group, LLC (“The Stephens Group”), the private investment firm backed by the Witt Stephens and Elizabeth Campbell families, announced today the promotions of Rob Dickinson and Jens Talbert to Vice President. Mr. Dickinson joined the firm in 2018 and is involved with investments in Catalyst […]
January 8, 2021
Kele, Inc. Acquires Lesman Instrument CompanyLITTLE ROCK, ARKANSAS – JANUARY 8, 2021. Kele, Inc. (“Kele”), a portfolio company of The Stephens Group, LLC (“The Stephens Group”) and leading value-added distributor of building automation peripherals and controls solutions, announced today that it has acquired Illinois-based Lesman Instrument Company (“Lesman”). Terms of the transaction were not disclosed. Founded in 1962 and based […]
November 9, 2020
Legal Technology Leader DISCO, a Portfolio Company of The Stephens Group, Raises $60 MillionCompany valuation of $785 million demonstrates investor confidence in legaltech as a category of enterprise cloud computing AUSTIN, TEXAS – OCTOBER 15, 2020 — Legal technology leader DISCO today announced a $60 million equity financing, valuing the company at $785 million. Georgian Partners led the financing. Existing investors Bessemer Venture Partners, LiveOak Venture Partners, and […]
October 26, 2020
Sustainable Growth: Revolution, a Portfolio Company of The Stephens Group, Completes Acquisition of Polar PlasticsPlastic Recycler and Manufacturer Expands Commercial Products Division with Purchase of Minnesota-based Company LITTLE ROCK, ARKANSAS – OCTOBER 23, 2020 /PRNewswire/ — Revolution, a leading manufacturer of sustainable plastic solutions, today announced that it has acquired Polar Plastics Corporation (“Polar Plastics”) from Spell Capital Partners in order to expand its production footprint and further penetrate […]
September 16, 2020
DISCO, a Portfolio Company of The Stephens Group, is Named to the 2020 Forbes Cloud 100As the Only Ediscovery Company Recognized, DISCO Continues to Stand Apart from Competition with Innovative Cloud-Native Solutions AUSTIN, TEXAS – SEPTEMBER 16, 2020 — Legal technology leader DISCO has been named to the Forbes 2020 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. […]
August 12, 2020
The Stephens Group Promotes Two to Senior AssociateLITTLE ROCK, ARKANSAS – AUGUST 12, 2020. The Stephens Group, LLC (“The Stephens Group”) is pleased to announce the promotions of Rob Dickinson and Jens Talbert to Senior Associate. Mr. Dickinson joined the firm in 2018 and works on investments in Catalyst Acoustics Group, Pearlman Group, and Spitzer Industries. Mr. Talbert joined the firm in […]
July 15, 2020
Catalyst Acoustics Group Acquires Fräsch, LLCLITTLE ROCK, ARKANSAS – JULY 15, 2020. Catalyst Acoustics Group, Inc. (“Catalyst Acoustics Group”), a portfolio company of The Stephens Group, LLC (“The Stephens Group”) and a platform for an elite group of acoustic, seismic, vibration and noise control companies that together offer the broadest portfolio of noise control solutions in the market, announced today […]
July 7, 2020
The Stephens Group Announces PromotionsLITTLE ROCK, ARKANSAS – JULY 7, 2020. The Stephens Group, LLC is pleased to announce the promotions of Grant Jones and Tim Trzebiatowski to Managing Director and Mark Steenhoek to Principal, Operations. Mr. Jones leads the firm’s investments in the Commercial and Industrial Products sector and oversees investments in Catalyst Acoustics Group, CoreLink, Kele, and […]
May 19, 2020
Pearlman Group Welcomes Scott McLendon as CEOLITTLE ROCK, ARKANSAS – MAY 19, 2020. Pearlman Group (“Pearlman”), the leading multi-channel developer and specialty distributor of supplies, tools and equipment used in the fabrication and maintenance of hard surfaces for residential, commercial and industrial end-markets, announced today that the Company’s Board of Directors has appointed Scott McLendon as Chief Executive Officer. McLendon will […]
March 10, 2020
Recent PE Publications Profile The Stephens GroupThe Stephens Group, LLC (“The Stephens Group”) is pleased to have been recently profiled in several publications, including Buyouts, Mergers & Acquisitions, Private Equity International, and The Deal. Managing Directors Aaron Clark and Clay Hunter sat down with reporters to discuss the firm’s history, strategy and vision for the future. The focus of the articles […]
February 25, 2020
The Stephens Group Acquires Kele, Inc.Partnership enables continued growth of the leading specialty distribution platform for the building automation industry LITTLE ROCK, ARKANSAS – FEBRUARY 25, 2020. The Stephens Group, LLC (“The Stephens Group”) announced today that it finalized its acquisition of Kele, Inc. (“Kele” or the “Company”). Terms of the transaction were not disclosed. Based in Memphis, Tennessee, and […]
LITTLE ROCK, ARKANSAS — Westrock Coffee Company, LLC (“Westrock Coffee”) today entered into a definitive agreement to acquire North Carolina-based S&D Coffee & Tea (“S&D”) from Cott Corporation (NYSE: COT; TSX: BCB). The transaction is expected to close within the next several weeks and will create the leading integrated coffee company serving the needs of […]
January 21, 2020
The Stephens Group Acquires Kinetics Noise ControlLITTLE ROCK, ARKANSAS – JANUARY 21, 2020. The Stephens Group, LLC (“The Stephens Group”) announced today that it finalized its acquisition of Kinetics Noise Control, Inc. (“Kinetics” or the “Company”), and in conjunction with the transaction, formed a new company, Catalyst Acoustics Group (“Catalyst Acoustics”), which will serve as a platform for an elite group […]
LITTLE ROCK, ARKANSAS – DECEMBER 3, 2019. The Stephens Group, LLC (“The Stephens Group”) announced the addition of Allie Laborde as Principal of Business Development as it continues to build its team and deepen its focus on four key verticals: commercial and industrial products and services, food and consumer products, software and tech enabled services, […]
November 5, 2019
Sound Seal Acquires Lamvin, Inc.LITTLE ROCK, ARKANSAS – NOVEMBER 5, 2019. Sound Seal Holdings, Inc. (“Sound Seal”), a portfolio company of The Stephens Group, LLC (“The Stephens Group”) and leading manufacturer of noise control products, announced today that it has acquired California-based Lamvin, Inc. Founded in 1961 and based in Oceanside, CA, Lamvin has a robust portfolio of acoustic […]
October 8, 2019
The Stephens Group Adds Two New Executives and New Associate; Continues to Build Out CapabilitiesLITTLE ROCK, ARKANSAS – OCTOBER 8, 2019. The Stephens Group, LLC (“The Stephens Group”) announced the addition of three new leaders as it continues to add to its value creation capabilities and enhance the firm’s focus on its four key verticals: commercial and industrial products and services, food and consumer products, software and tech enabled […]
September 17, 2019
The Stephens Group Invests in Plastic’s Sustainable Future with Stake in RevolutionLITTLE ROCK, ARKANSAS – SEPTEMBER 17, 2019. The Stephens Group, LLC (“The Stephens Group”) has acquired a significant minority interest in Revolution Plastics (“Revolution” or “the Company”), the leading provider of sustainable, closed-loop plastic products serving a wide variety of agricultural, consumer, and industrial markets. The investment was made in support of Arsenal Capital Partners’ […]
August 27, 2019
Sound Seal Acquires Acoustical & Tackable Surfaces, Inc. (“ATS”)LITTLE ROCK, ARKANSAS – AUGUST 27, 2019. Sound Seal, a portfolio company of The Stephens Group, LLC (“The Stephens Group”) and leading manufacturer of noise control products, announced today that it has acquired Flemington, New Jersey based Acoustical & Tackable Surfaces, Inc. (“ATS”). ATS is a leading manufacturer and installer of acoustical wall and ceiling […]
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, LLCLITTLE ROCK, ARKANSAS – JUNE 26, 2019. Sound Seal Holdings, Inc. (“Sound Seal”), a portfolio company of The Stephens Group, LLC (“The Stephens Group”) 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 […]
June 5, 2019
The Stephens Group Provides Mid-Year Recap of Investment Initiatives; Announces Launch of New WebsiteFirm 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 (“Stephens Group”), a private, family-owned investment firm, today provided an overview of the various business activities undertaken by […]
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 (“The Stephens Group”) 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 […]
February 20, 2019
Kodiak Gas Services, LLC, a portfolio company of The Stephens Group, LLC, acquired by EQTThe Stephens Group, LLC (“The Stephens Group”) announced that it has recently sold its interests in Kodiak Gas Services, LLC (“Kodiak”) to EQT Infrastructure III fund (“EQT” or “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 […]
January 24, 2019
DISCO Raises $83 Million, Bringing Total Investment to $135 MillionThe Stephens Group, LLC (“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 […]
January 16, 2019
Kissner Group Holdings Acquires NSC MineralsThe Stephens Group, LLC (“The Stephens Group”) 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 […]
December 9, 2018
GranQuartz Acquires Regent Stone ProductsGranQuartz, a division of Pearlman Group and a portfolio company of The Stephens Group, LLC (“The Stephens Group”), 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 […]
June 5, 2018
CoreLink Acquires Expanding Orthopedics, Inc.CoreLink, LLC (“CoreLink”), a portfolio company of The Stephens Group, LLC (“The Stephens Group”), has acquired the assets of Expanding Orthopedics, Inc. (“Expanding Orthopedics”). 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™ […]
April 21, 2018
Arvest Bank Completes Bear State AcquisitionArvest Bank (“Arvest”) announced Friday the closing of its acquisition of Bear State Financial Inc., the parent company of Bear State Bank (“Bear State”), 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 […]
March 28, 2018
Renasant Corporation and Brand Group Holdings, Inc. Announce Definitive Merger AgreementRenasant 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 FinancingNew 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., (“DISCO”) the legal technology company that makes the market-leading cloud ediscovery solution DISCO, today announced a $20M equity financing. Bessemer Venture Partners […]
The Stephens Group, LLC (“The Stephens Group”) 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 […]
April 5, 2017
Armor Announces $89 Million Investment from ST TelemediaCompany 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 CorporationAOG 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 NationalCommits 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 CInvestment 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 […]
The Stephens Group, 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, […]
October 19, 2015
Windstream to Sell Data Center Business for $575 millionWindstream 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 […]
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 CustomersArmor 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 GroupOn 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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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. […]
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. […]
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 […]
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 […]
November 3, 2011
Summit Industrial Construction, LLC announces majority recapitalization by The Stephens Group, LLCSummit Industrial Construction, LLC (“Summit” or the “Company”) announced today 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. The transaction completes a full recapitalization that will position the Company for the next stage of its […]
September 15, 2011
FireHost, Inc. Secures $10 Million in Series B Funding Led by The Stephens Group, LLCInvestors 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 […]
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 […]
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 […]
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 […]
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, LLCFiberMedia 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 CompaniesManagement 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, LLCHeritage 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 & PNCTransaction 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 CompaniesCurrent 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 […]
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 […]
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 FacilitySpitzer 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 […]
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.comWitt 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, […]
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 […]
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 GroupTulsa-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 […]
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 LPThe 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. […]
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 […]