Business, Free News Articles, Insurance

Galway Insurance Holdings Secures Majority Interest from Harvest Partners with New Equity Investments from Oak Hill Capital and The Carlyle Group

SAN FRANCISCO, Calif. -- Galway Insurance Holdings ("Galway"), the holding company for EPIC Brokers & Consultants ("EPIC") and JenCap Holdings ("JenCap"), which together represent one of the nation's largest insurance distribution firms, announced today that it has signed a definitive agreement with vehicles controlled by Harvest Partners, LP and its affiliates ("Harvest") for a majority interest of Galway.

Galway's existing private equity investors, Oak Hill Capital ("Oak Hill") and The Carlyle Group ("Carlyle"), will reinvest alongside the management team and employee shareholders, who will remain significant shareholders. Terms of the transaction were not disclosed.

In total, Galway manages over $7 billion of insurance premiums, employs over 3,100 associates and operates over 100 offices serving all 50 states. EPIC and JenCap are ranked as the 14th and 8th largest retail and specialty distribution brokers by Business Insurance magazine, respectively.

John Hahn, co-founder and Chairman of Galway, said, "We are thrilled with the outcome and are excited to welcome Harvest on as partners. To have them alongside Oak Hill and Carlyle presents us with a formidable group of investors highly supportive of our vision to continue to build a differentiated business within insurance distribution. This recapitalization provides us with the ability to be opportunistic in today's market; to grow and expand each of Galway's related specialty strategies around retail brokerage, risk management, wholesale brokerage, program administration and underwriting management."

EPIC CEO, Steve Denton said, "The addition of Harvest Partners and the ongoing commitment of both Oak Hill and Carlyle allows our retail platform to continue our exponential growth in all aspects of our business which now includes comprehensive, nationwide solutions across industry focused practices in employee benefits and property & casualty along with dedicated resources in areas like risk management, small commercial and private clients."

John Jennings, co-founder and CEO of JenCap, said, "This is exactly why we joined the Galway platform; the business dynamics of the holding company are extremely attractive for investors and will allow us to pursue our aggressive growth goals, while building out further specialty expertise and depth across our platform for our twelve thousand retail clients."

Jay Wilkins, COO and Partner of Harvest, said, "John, Steve and John have built an exceptional business with the support of Oak Hill and Carlyle that we look forward to continue aggressively growing" with Steve Carlson, Partner, adding "It is an optimal time to invest in such a strong team to capitalize on favorable dynamics in the insurance distribution space."

Steve Puccinelli, Managing Partner of Oak Hill said, "Since our original 2017 investment in EPIC, John Hahn and his top-tier team have more than tripled the business, significantly expanding that company's unique platform and successfully joining it with JenCap to create Galway in June of this year. We are excited to continue to partner with the Galway management team, as well as Harvest and Carlyle, to build the preeminent growth platform in insurance distribution."

John Redett, Managing Director and Head of Carlyle's Global Financial Services group, said, "We're proud of our long-standing partnership with John Hahn and the rest of the management team. John and the Galway team have done a fantastic job growing the business since we initially invested in 2013 and we believe Galway is positioned to capitalize on a number of strategic initiatives going forward. The addition of Harvest Partners and continued investment from Carlyle, Oak Hill Capital, and management further strengthens our tenured partnership and creates a strong alignment among all stakeholders."

Equity capital for the investment will come from funds managed by Harvest Partners, L.P., Oak Hill Partners Fund V, and Carlyle Global Financial Services Partners II and III.

The transaction is expected to be completed by the end of 2020, subject to customary closing conditions, including regulatory approvals.

Evercore Group LLC, Goldman Sachs & Co LLC and Morgan Stanley & Co LLC served as financial advisors to Galway. Weil, Gotshal & Manges LLP served as legal counsel to Oak Hill and Galway. Wachtell, Lipton, Rosen & Katz served as legal counsel to Carlyle. Ropes and Gray LLP served as legal counsel to Harvest.

About EPIC Insurance Brokers & Consultants

EPIC Insurance Brokers & Consultants, now has more than 2,600 team members operating from more than 80 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs, and Private Client solutions to EPIC clients. For more information on EPIC, visit:

About JenCap Holdings

JenCap Holdings is a premier national specialty insurance distribution platform that includes managing general agencies, specialty program administrators, and transactional wholesale brokers. JenCap has assembled a management team with the sector insight and experience to drive organic growth and strategic acquisitions leveraging technology and advanced data analytics. JenCap is headquartered in New York. For more information on JenCap, visit:

About Harvest Partners

Founded in 1981, Harvest Partners is an established New York-based private equity investment firm that focuses on investments in middle-market companies in the business services & consumer, healthcare, industrial services, and manufacturing and distribution sectors. This strategy leverages Harvest Partners' nearly 40 years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit

About Oak Hill Capital

Oak Hill Capital is a private equity firm managing funds with approximately $15 billion of initial capital commitments and co-investments since inception. Over the past 34 years, Oak Hill Capital and its predecessors have invested in over 90 private equity transactions across broad segments of the U.S. and global economies. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Media & Communications; Services; Industrials; and Consumer, Retail & Distribution. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. For more information, please visit:

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $230 billion of assets under management as of September 30, 2020, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,800 people in 31 offices across six continents. For more information, please visit

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Business, Free News Articles, Water and Wastes

EGW Announces the Acquisition of Buy Wholesale Company

CARROLLTON, Texas -- EGW Utilities, Inc. has acquired Buy Wholesale Company, LLC (BWC) of Montgomery, Texas. BWC was founded by Karl Knapp in 1985. He and his wife, Tracy, operated it until its acquisition on October 30, 2020. The procurement of BWC greatly increases EGW's waterworks and plumbing product offerings. This allows customers to benefit from a wider variety of items shipping from a single location to minimize freight expenses and maximize the flexibility of their inventory.

Throughout its existence, BWC has been an exceptional source of quality products with outstanding customer service. "The Knapps have built a company that we are very proud to make part of the EGW Water & Plumbing Group. BWC's reputation for quality products and customer service is something we're excited to carry forward and share with even more wholesale distributors across the nation in the near future," says Phil Wiegers, EGW's Founder and CEO.

EGW plans to relocate BWC's inventory, equipment, and other assets from their existing facility in Montgomery, Texas, to EGW's warehouse in Carrollton, Texas by the end of 2020. The Knapps will work with EGW for the next several months to aid in the transition, and BWC will continue to operate in its current location until the move is complete.

The changes brought forth through the acquisition will prove advantageous to the customers of both BWC and EGW. One thing that won't change is the exceptional service and quick turnaround that EGW Water & Plumbing customers have grown accustomed to over the years!

If you have any questions, please contact EGW at 972-446-1655 or through

About EGW Water & Plumbing:

EGW Utilities, Inc., is a privately-held distributor of waterworks and plumbing products to wholesale supply houses across the United States through the company's Water & Plumbing Group. The company is headquartered in Carrollton, Texas, and was founded in 2001. For more information visit:

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Advertising and Marketing, Business, Free News Articles, Transportation

LoadDelivered Logistics Rebrands to Capstone Logistics and Strengthens Integration Between Warehousing and Transportation Divisions

PEACHTREE CORNERS, Ga. -- LoadDelivered Logistics, a leading food and beverage specialized third-party logistics (3PL) company, announced today that it is rebranding following its acquisition by Capstone Logistics. The company will now operate as Capstone Logistics' freight management solution.

Founded in 2008, LoadDelivered has a large, diverse network of carriers and long-standing relationships with Fortune 500 manufacturers and retailers. Capstone Logistics acquired the company in 2018 to support its strategic expansion into freight brokerage services.

"This rebrand reinforces what we've been working on for the past two years, which is unlocking significant long-term value for partners through our integration with Capstone's warehousing, last mile, and payment solutions," said Chris Ricciardi, President of LoadDelivered. "Our connected services and technology help reduce costs, provide unique value-add, and mitigate risks for both our shipper and carrier partners."

Capstone's expanded transportation management capabilities for shippers, retailers, distributors, and carriers include:

* End-to-end operational continuity

* Bid management technology

* Dynamic dock scheduling

* Touchless payment and automated settlement for drivers

* Driver dwell time reduction

* Last mile delivery services

"This announcement marks a major milestone in our company's evolution," said Steve Taylor, CEO of Capstone Logistics. "The Capstone brand now unifies our expanded capabilities as we continue our mission to provide service and value through innovation. Looking ahead, our focus is on leveraging our integrated brand to drive growth as a holistic supply chain partner."

About Capstone Logistics

Capstone Logistics is the leader in providing specialized, technology-enabled solutions for the most challenging supply chains. Powered by an interconnected platform, Capstone creates end-to-end efficiencies and cost-savings that help suppliers, distributers, and retailers exceed customer expectations. From performance-driven labor solutions to high-touch transportation and fulfillment, Capstone delivers the scale, accountability, and continuity that enables modern supply chains to compete in an ever-evolving environment.

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Business, Education and Schools, Free News Articles

Next Gen Acquires Entrepreneurship Organization to Expand Educational Reach

NEW YORK, N.Y. -- Few understand the importance of fostering entrepreneurship at an early age quite like Dylan Gambardella and Justin Lafazan. Next Gen's co-founders credit their entrepreneurial success to their learnings - and failures - in launching businesses while still in high school. That is why Next Gen HQ is announcing its acquisition of TrepStart Independent Youth to encourage high school entrepreneurship.

"We tell all young entrepreneurs to get in the game and start building," says Gambardella, Next Gen HQ's Co-CEO. "Justin and I were fortunate to launch our first company before college, and the experience has compounded our growth as leaders."

Chasing entrepreneurial dreams at any age is difficult. Next Gen aims to make the journey easier by providing the tools and resources entrepreneurs need to realize their business and life goals. Now, through acquiring St. Louis-based TrepStart Independent Youth, the Next Gen team will look to do exactly that for high school students, expanding its 500,000+ monthly audience.

TrepStart was launched in 2010 to generate entrepreneurial awareness and understanding through an array of educational programs and hands-on experiences. The organization aims to introduce students to entrepreneurship in a unique and unconventional way, allowing students to better engage while developing a deeper understanding of their life goals.

"We first learned of TrepStart through members of our Next Gen community who joined the annual conference," commented Lafazan, Co-CEO of Next Gen HQ. "They recognized synergies between our missions, which became apparent to our team immediately upon learning more."

After attending an event in St. Louis and meeting TrepStart's leadership, the Next Gen team knew this would be a fruitful opportunity to reach and impact thousands of new young entrepreneurs.

Tanya Hamilton, Founder and Executive Director of TrepStart Independent Youth, agreed: "I am grateful that after 10-years of empowering thousands of teens nationwide, we were able to find such a great organization in Next Gen HQ to continue our mission. I'm confident the team will take this program to the next level."

As part of the cash acquisition agreement, Next Gen HQ will retain all rights, IP, and directorship for TrepStart Independent Youth. Tanya Hamilton will work with the Next Gen HQ team during the transition period.

To learn more about the acquisition and to participate in future programs, visit Next Gen HQ's website at

About Next Gen HQ:

Next Gen HQ develops products, spaces, and media to energize the world's greatest entrepreneurs, helping them win at business and life. Serving a global monthly engaged audience of over 500k entrepreneurs, Next Gen works with corporate clients including Capital One, American Express, Dell Technologies, and Wall Street Journal, helping them access and engage the next generation. Learn more:

About TrepStart Independent Youth:

Independent Youth Inc. (IY) is a social enterprise that educates teens (ages 12-21 years old) on entrepreneurship by offering unique programs and resources. The mission of IY is to generate entrepreneurial awareness and understanding among youth through an array of educational programs and hands-on experiences. Independent Youth accomplishes its mission through various programs including the Annual Teen Entrepreneurship Symposiums (TrepStart).

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Jenna Sekutera

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Business, Construction and Building, Electronics, Free News Articles

Foley Group and Convergence Partners Announce Merger of Their Two Companies

NORTH KANSAS CITY, Mo. -- Foley Group, Inc. and Convergence Partners, Inc., announced today the completion of the merger of their companies to offer the electrical industry a unified resource for virtually all their products, services, and design needs. The merged business will operate under the Convergence Partners brand.

"Convergence now represents over 210+ manufacturers including Hubbell Lighting, Lutron, and Legrand," Convergence president, Peter Kurtz said. "The availability of Lighting, Electrical Materials, Audio Visual automation, Shades and Furnishings from one resource is unprecedented within the market niche in this territory," said Kurtz.

"Helping customers solve problems more effectively and efficiently is a top priority," said executive vice president, Scott Denney, "and our combined number of account managers and product experts will help ensure streamlined interactions for architects, electrical engineers, lighting designers, electrical contractors, distributors, and end users as well," he continued.

Mark Denney, vice president projects and quotations stated, "Our industry partners will realize the convenience of accessing high-quality, technologically-advanced products, and appreciate the specialized proven expertise that ensures customers at all levels are well-equipped to readily implement the best possible solutions so the goals of everyone involved come to fruition."

About Foley Group, Inc.

Founded in 1961, Foley Group, Inc. is a manufacturer's representative agency with an emphasis on lighting sales within the electrical industry, primarily serving the new construction market, lighting retrofits, and energy saving upgrades.

The company is widely recognized as the leader throughout Kansas and Western Missouri.

Foley Group's headquarters is in Kansas City, Kansas, with a regional office in Wichita, Kansas.

About Convergence Partners, Inc.

Incorporated in 2014, Convergence represents quality manufacturers, and provide service solutions within four focused divisions. We have a family-first culture and operate with a humble reputation built on ethical business practices that foster long-term relationships.

Based in North Kansas City, Missouri, the territory Convergence covers is Western Missouri and all of Kansas, with a regional office in Springfield, Missouri. In addition, the Audio-Visual channel spans a four-state territory including Missouri, Iowa, Nebraska, and Kansas.

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Business, Electronics, Free News Articles, Manufacturing

Pittsburgh Electrical Insulation (PEI) Acquires Fibertek to Expand Manufacturing Capacity

PITTSBURGH, Pa. -- Pittsburgh Electrical Insulation, Inc. (PEI) is pleased to announce the acquisition of the Electrical Products Division of Fibertek, Inc. of Franklin, Tenn. Fibertek is a manufacturer of leading-edge specialty fiberglass tapes and high-performance laminates for electrical insulation applications in electric motors, generators, and transformers.

"We have long admired Fibertek's products and performance in the market and are very excited to combine our resources," said T.H. 'Tip' Paul, President and owner of PEI. "Bringing Fibertek under the PEI manufacturing group will add scope and depth to our capabilities with our converting and distributing business."

History and Synergy:

Fibertek is one of the oldest privately-owned tape manufacturers in America, with history dating back to 1898. Pittsburgh Electrical Insulation (PEI) is a manufacturer, converter, and distributor of electrical insulation materials based in Pittsburgh, Pa. founded in 1947.

PEI's founder, T. R. Paul, patented the first use and process of manufacturing a B-Stage Fiberglass Armature Banding Tape (originally trademarked as "Polyglass Banding Tape") which became the standard for EMD and GE (formerly known as General Motors) to become the standard for DC equipment on a global level. PEI is still privately owned and operated by the Paul family in its 3rd generation of family ownership.

The acquisition of Fibertek will broaden the product range that PEI has to offer within the Electro-Mechanical Insulation market, provide the capability for PEI to manufacture UL approved laminates, and allow for PEI to set up their own in-house testing laboratory for all manufactured products. The combined Manufacturing, Conversion and Distribution Services of these two leaders within the Electro-Mechanical Insulation Industry create an exciting, reliable supply option to OEM and Repair Industries.

The newly acquired Fibertek brands consist of the following products:
* Res-I-Glas Banding Tapes
* Res-I-Straint Tadpole Edging Tape
* Res-I-Band Banding Film
* Res-I-Flex Sealable Armor Tape
* Res-I-Lam Flexible Laminates
* Res-I-Lam Formed Wedges
* B-Stage Surge Rope

About Pittsburgh Electrical Insulation (PEI):

Since 1947, Pittsburgh Electrical Insulation (PEI) has been a leading manufacturer, converter, and distributor of electrical insulation materials, serving OEM and repair facilities in the Power Generation, Mining, Locomotive, Mass Transit, and Wind Power sectors.

For more information visit or call 1-800-462-4734.

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Business, Free News Articles, Software

IntelliMedia Networks Inc. Acquires Canadian GlobalMLX, A Supply Chain CTPAT Training Consultant

LOS ANGELES, Calif. -- IntelliMedia Networks Inc., a leading provider of streaming media distribution and immersive training technology, acquired GlobalMLX, a Canadian supply-chain security training and certification consulting firm for an undisclosed amount. GlobalMLX is a U.S. Homeland Security recognized consultant providing industry-leading anti-terrorism supply-chain training and certification for cargo transport to the United States.

GlobalMLX has earned recognition as a "Best Practice in the Supply Chain Security & Threat Awareness Industry" by the U.S. Department of Homeland Security, maintaining a 100% success rate of client certification since 2002.

"This acquisition will position IntelliMedia Networks to offer technology solutions under the ASCT Systems brand by extending our industry-leading cloud-based training platform - Apollo and GlobalMLX's unique CTPAT training content enabling us to simplify and expand the certification process for the CTPAT program," said Darshan Sedani, president and co-founder of IntelliMedia Networks. Mr. Sedani added, "Our highly advanced training platform enables clients to learn at their own pace and prepares them for the knowledge required to be certified."

The CTPAT program was launched by the U.S. Department of Homeland Security in 2001 to train and verify participating companies in maintaining a high level of cargo security in conformance to the U.S. Customs and Border Protection's standard for continued ease of access to the U.S. market.

"We are excited to offer this new approach to CTPAT training by combining our content and expertise with the global reach, ease of use, and AI-based intelligence of IntelliMedia's Apollo LTMS platform. We will be able to scale and revolutionize the way C - TPAT training and certification are provided to our clients," said Mandy Lynn Aitken CEO of GlobalMLX.

"Supply chain security threats manifest themselves in an ever-changing global theater including danger to the goods and products consumed in the U.S. Companies with the intention of maintaining access to the large U.S. market have to be vigilant to protect their end-consumers for continued access to the U.S. market," said Teodros Gessesse, CEO and co-founder of IntelliMedia Networks.

"Our clients are excited with their new capability to have on-demand training ready at their fingertips 24/7," said Mr. Stratos Tsantopoulos COO of ASCT Systems. "This is our dream come true as it provides our clients the capability to rapidly scale their security awareness and sail through CTPAT certification - every time."

The CTPAT training solution offered under ASCT Systems combines both the Apollo learning and training management system (LTMS) and GlobalMLX's proprietary training content creating a highly intuitive and always-available cloud training platform with global reach. The platform will provide a company-wide or department level licensing that both educates, tests, and verifies compliance of CTPAT regulations supporting certification. The company will still be managed by Ms. Mandy-Lynn Aitken as its CEO and Mr. Stratos Tsantopoulos as the COO maintaining the depth of CTPAT experience both executives have acquired over the years.

IntelliMedia Networks Inc. is a U.S.A. and India based software company specializing in developing cloud-based scalable platforms to distribute content. Utilizing extensive experience in video delivery, web, mobile, applications, and platform design, IntelliMedia delivers rich media experiences for education, entertainment, business, government, healthcare, retail, manufacturing, and newsgathering. IntelliMedia has won two Product of the Year awards at the 2019 National Association of Broadcasters show for products recognized as trailblazers in the video industry.

GlobalMLX is a Canadian company engaged in the training and certification of exporters that require expedited transportation of goods to the United States under the CTPAT rule of the U.S. Homeland Security Agency. As a recognized partner with 15 years of experience, GlobalMLX has helped a variety of clients in a wide range of market verticals get and maintain their compliance with the CTPAT program.

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Courtney Jenkins
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Books and Publishing, Business, Free News Articles

Rock Center Financial Partners publishes the book, ‘Mergers & Acquisitions: Crushing It as a Corporate Buyer in the Middle Market’

ROCKVILLE CENTRE, N.Y. -- Rock Center Financial Partners, LLC announced today that they have recently published a book, "Mergers & Acquisitions: Crushing It as a Corporate Buyer in the Middle Market" (ISBN: 978-1735052205) aimed at helping companies improve their ability to execute successful mergers and acquisitions ("M&A").

The book explains in detail how deals are structured, negotiated, and valued. And, it provides a framework that corporate buyers in particular can use to execute their own successful M&A deals.

The book primarily focuses on helping corporate buyers. Why? Because apparently there are many studies that say M&A deals tend to fail a majority of the time for corporate buyers. But, if that's the case, then why do so many companies keep doing deals year after year? And, does anyone do them right?

Actually, a lot of people do them right. But if you believe the statistics, there seem to be a lot more people doing them wrong. The question is, how can buyers do deals the right way, so that they don't become another statistic? This book answers that question.

Buyers who have the right mindset to approaching their deals, and a process that involves the right people with the right skills, are much more likely to have success in M&A. With that being said, this book contains practical real-world advice that has been applied in actual deals, and it provides the framework, best practices, and technical skills that are so important for executing successful M&A deals.

The book was written by Kevin Tomossonie who is a Co-Founder at Rock Center Financial Partners, LLC. Kevin has spent the majority of his career specializing in M&A and has been involved as both an executive and consultant in well over 150 transactions.

Details about this book, including a free preview, and links for where to buy it, can be found at:

About Rock Center Financial Partners, LLC:

Rock Center Financial Partners, LLC is a New York based boutique consulting and accounting firm that provides a variety of services, including mergers & acquisitions consulting and financial due diligence.


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Books and Publishing, Business, Free News Articles, Insurance, Long Term Care

LTC NEWS Acquisition Anticipates Growth and Expansion

CHICAGO, Ill. -- Matt McCann, a nationally-known veteran of the long-term care (LTC) insurance industry, announces the formation of LTC NEWS, LLC after acquiring the online asset -

Previously owned by publisher Chip Ramsey, the acquisition includes all the websites and social media platforms operated by LTC NEWS and its corresponding editorial content.

Formed in July 2015, LTC NEWS is an online resource for long-term care planning, health and retirement issues to help consumers plan for and better understand the financial impacts of aging.

LTC NEWS, LLC plans to expand its editorial content and resources and to offer a full range of unique digital advertising and marketing opportunities to reach adults aged 40 and up. It will also provide creative resources to design advertising to help businesses effectively reach their target audience.

It will also offer sponsored-content opportunities to allow a company, health care provider, or insurance or financial professional to engage readers and drive traffic to their website while delivering on their marketing objectives.

"LTC NEWS will continue to offer news and informational resources to help American families plan for a successful future retirement," Matt McCann, who will work as interim president and CEO, says. "I look forward to working with the current staff and to adding new staff to help us grow in the years ahead."

Prior to acquiring LTC NEWS, McCann consulted for LTC NEWS, so he's intimately familiar with its operation and assets. The company will also design websites and social media platforms for home health agencies, adult day care centers, assisted living facilities, memory care facilities, nursing homes and other businesses related to providing long-term health care services.

LTC NEWS will provide similar services for insurance and financial professionals looking for quality websites and social media platforms to help them engage their clients.

"Many insurance and financial professionals want affordable state-of-the-art websites and social media platforms," McCann explains. "LTC NEWS will provide these resources so these professionals can have a compelling Internet and social media presence."

LTC NEWS will continue to publish articles at no charge from expert guest columnists and these authors will gain outstanding exposure, website backlinks and traffic to their websites. Specific guidelines will limit the amount of advertising content in those articles.

Sponsored-content articles will allow a targeted message to promote a product or service and drive traffic to a website while providing useful information on a specific topic.

"We're striving to provide an exceptional user experience and brand that users remember and trust. Answering consumers' questions accurately, clearly and quickly is essential to LTC NEWS," Daniel Pope, who will lead the website development and creative team, says. "We'll also analyze consumer behavior at scale in large datasets to help determine which topics, resources and advertisements are most relevant to consumers."

Pope says the goal is to present the website visitor with relevant opportunities to learn something new. The overall website experience will enhance user activity and increase the time spent on the website.

"The time invested between the user and the LTC NEWS brand will foster a culture of trust which benefits both consumers and advertisers. Our advertising partners can take advantage of targeting specific topics or resources within their niche that our consumers actively seek," Pope says.

The company is currently seeking an entrepreneurial sales manager to lead its nationwide sales effort. This individual should have a solid knowledge of Internet advertising and an understanding of the long-term health care industry.

Interested individuals can forward a resume and cover letter to Lori Urbanick at:

LTC NEWS will be operated independently from McCann's firm, McCann Insurance Services, Inc., and the company will be headquartered in offices located in Countryside, Illinois, and Columbus, Ohio.

For more information, visit:

*Photo caption: Matt McCann of LTC NEWS, LLC.

Matt McCann

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Aerospace and Aviation, Business, Free News Articles

Lowden Street Capital Announces Acquisition of Southern Air Custom Interiors, Inc.

ALEXANDER CITY, Ala. -- Lowden Street Capital, a private equity firm focused on rural market investing, acquired Southern Air Custom Interiors, Inc., an upholstery company out of Haleyville, Ala. that focuses on custom aircraft interiors, on April 30, 2020.

Founded in 2017 by Matt Bean, Lowden Street Capital is a private equity firm currently raising its second fund. Lowden Street focuses on small business buyouts in rural communities, assisting small business owners with transitioning their businesses from one generation to the next by offering investing, consulting, and other strategic services.

Southern Air Custom Interiors, Inc. has been customizing aircraft interiors since 1992, and is well known within the industry for the quality of their craftsmanship. Led by two female furniture upholsterers, Southern Air has established itself as a premier aircraft interiors operation for Cessna, Gulfstream, and Mooney owners, among many other brands. Southern Air Custom Interiors plans to expand service offerings by offering aircraft maintenance and avionic services to meet the needs of its customers.

"I am excited to welcome Southern Air to the Lowden Street family-let's take to the skies!" said Matt Bean, Lowden Street Capital Managing Partner. "I have been thoroughly impressed with their work on private aircraft, client mixture, and high ethical standards, and I look forward to working with their team to streamline processes, increase efficiencies, and expand sales channels."

Mr. Bean went on to comment, "to support the addition of new sales channels, Southern Air intends to grow its staff by hiring for new technical jobs, which I find inspiring given the current complications facing the U.S. economy."

In anticipation of the acquisition, Lowden Street Capital recently hired Texas Christian University MBA graduate Melissa Shahbaz to serve as Junior Director. For that announcement and more information on the dynamic team at Lowden Street Capital, visit

Founded in 2017 by Matt Bean, Lowden Street Capital is a private equity firm located in Alexander City, Alabama. Lowden Street is strategically focused on rebuilding and developing mature and small businesses in rural markets.

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