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In the first quarter of 2025, Housatonic Partners is pleased to announce an add-on, a merger, a debt refinancing and a new platform CEO
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Abound Health Partners With Star Pediatrics, Expanding Into Pediatric Complex Care
In February, Abound Health entered a strategic partnership with Star Pediatrics, a leading New Jersey-based pediatric home health provider. This acquisition expands Abound Health's services to include pediatric patients with complex medical needs, complementing its existing IDD care services such as residential support, day programs, and behavioral health interventions. The acquisition also strengthens Abound Health's position in the Northeast market, complementing its existing operations in North Carolina and Pennsylvania. Abound Health is a leading provider of healthcare solutions for individuals with intellectual and developmental disabilities (IDD). With over two decades of experience, Abound Health has consistently expanded its services and geographical reach, now operating in multiple states and serving thousands of individuals annually. Learn More.
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Delaware North and Eureka Entertainment create fourth-largest Illinois route-gaming business in joint venture
In March, Delaware North, a global hospitality and entertainment company with a portfolio of casinos and other gaming venues, combined its route-gaming business in Illinois with Eureka Entertainment’s route-gaming business, Universal Gaming Group (UGG), forming Universal GEM Gaming LLC. The new entity is jointly owned by Delaware North and Housatonic Partners, with Delaware North being the majority owner.
Universal GEM Gaming partners with restaurants, bars, veterans and fraternal organizations, and truck stops to provide onsite gaming to patrons. It is the fourth-largest route-gaming operator in Illinois, the largest route-gaming market in the U.S., with approximately 2,500 Video Gaming Terminals (VGTs) supported by 125 employees statewide. Learn More.
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Overland Advantage and Wells Fargo Lead Senior Secured Credit Facilities to MaxiTransfers
In March, Overland Advantage ("Overland"), a business development company with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, served as lead arranger for a $74.0 million second lien credit facility in support of a recapitalization transaction for MaxiTransfers ("Maxi"), a Housatonic Partners portfolio company. Wells Fargo continues as agent and lead to a $90.0 million revolving credit facility.
MaxiTransfers is a money service business specializing in the US-LATAM corridor, serving the Latin American community in the U.S. since the early 2000's. Learn More.
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CellBio Scientific Appoints Charles Miller as Founding CEO to Lead Post-Acquisition Growth and Innovation
In March, CellBio Scientific, a leading global provider of advanced tools and services for biomedical research and preclinical discovery, appointed Charles Miller as Chief Executive Officer. Dr. Miller will lead the company's growth following recent strategic acquisitions and spearhead efforts to scale the business, deepen market impact, and unlock new customer value across life sciences research and drug discovery.
With more than 15 years of leadership experience in drug discovery, diagnostics, and preclinical services, Miller brings a proven track record of transforming organizations and delivering sustainable growth. His previous roles at The Jackson Laboratory and Elephas Biosciences included leading global commercial operations with revenues exceeding $500 million, brand-building in life science and drug discovery and driving market expansion into more than 70 countries. Learn More.
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About Housatonic Partners
Housatonic Partners is a private equity investment firm founded in 1994 with more than $1.5 billion in capital under management. The firm invests in growing, profitable businesses with highly recurring revenue in the following industries: tech-enabled business services, healthcare services, and software and IT services. The firm makes both control and minority equity investments of $10 million to $50 million in size. Target companies generally have between $5 million and $25 million of EBITDA. Housatonic Partners has backed exceptional management teams in more than 100 companies over the last 31 years. For more information, please visit www.housatonicpartners.com.
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