News

Nationwide IT Services Company Plans to Accelerate Growth and Expand IT Services Expertise

10/30/2013
Computex Technology Solutions

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Specialized urology template ready ‘out of the box’ – streamlined urologic workflows

8/8/2013
ITelagen Press Release

Jersey City, NJ – August 8, 2013: ITelagen Inc., a leading provider of healthcare IT support and system administration has developed UroWorx™, a series of urology-focused templates geared toward enhancing the use of NextGen® Ambulatory EHR for urologists. NextGen Healthcare Information Systems, LLC is a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII), and a leading provider of healthcare information systems and connectivity solutions. ITelagen provides a range of support services for NextGen Healthcare products including professional services, training, hosting and traditional IT support; making it a one-stop shop for electronic health record (EHR) solutions. Read more

Leading Systems Integrator teams with DataBank to deliver high performance Business Process Automation and Workflow Solutions.

7/30/2013
DataBank press release

King of Prussia, PA (July 30, 2013) DataBank IMX, LLC (DataBank) announced today that it has acquired eDocument Resources, LLC (eDoc) headquartered in Minneapolis, MN. Read more

TransForce Driver Staffing Acquires DriveForce operations and expands Oklahoma Presence

7/17/2013
TransForce Press Release

Alexandria, VA – July 17, 2013, TransForce, Inc. the nation’s leading driver staffing firm, has acquired the assets of DriveForce Transportation Services and DriveForce Transportation Services of Tulsa (DriveForce). DriveForce is a regional provider of high-quality commercial truck drivers and skilled industrial personnel with operations throughout Oklahoma. Read more

With the rapid transition from paper to EHR, the enterprise-grade healthcare IT services provided by ITelagen are invaluable.

3/22/2013
www.inside-healthcare.com, Russ Gager
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ITelagen completes transition to Value Added Reseller (VAR) for NextGen Healthcare;
Will expand medical practice clients needing EHR support, hosting and system administration

2/14/2013
ITelagen Press Release

ITelagen has finalized the transition to become a Value Added Reseller (VAR) for NextGen Healthcare Information Systems, LLC., a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII) and a leading provider of healthcare information systems and connectivity solutions. The transition positions ITelagen as the 3rd largest reseller of NextGen® solutions. ITelagen’s new status as a NextGen Healthcare VAR expands its East Coast service base from Maine to the British Virgin Islands, by acquiring 87 additional clients, and enabling a service reach that covers all parts of the country. Read more

TransForce acquires Superior Driver Source of Tennessee and the Carolinas

1/21/2013
TransForce Press Release

Alexandria, VA – January 21, 2013 — TransForce, Inc., an industry leader in providing professional commercial truck drivers on a temporary, contingent or contract basis and transportation compliance services, announced that it has acquired Superior Driver Source, Inc. and Superior Driver Source of the Carolinas (Superior). Superior provides commercial truck drivers in the southeastern U.S. with operations in Tennessee, North Carolina, Kentucky, Georgia, Mississippi and South Carolina. Superior’s senior management has joined TransForce’s leadership team and will assume key regional management roles, ensuring seamless customer service. Terms of the transaction were not disclosed.

The Superior acquisition enhances TransForce’s ability to serve a wide range of customer needs within this region. Including Superior’s operations, TransForce serves over 40 markets throughout the U.S., serving national, regional and local motor carriers.

“Superior is the perfect fit for us. Both companies have a keen focus on providing quality drivers with impressive safety records. This combination has allowed both companies to prosper by providing exemplary customer service and a great working environment for our drivers” said David Broome, CEO of TransForce. Gina Colbert, President of Superior, will be leading the transition under the TransForce banner. According to Gina, “The combination of Superior and TransForce provides increased opportunities for professional development for both our drivers and our staff. More importantly, our existing customers can now benefit from a broader and deeper range of services supported by the nationwide resources at TransForce.”

Future acquisitions are part of the TransForce growth strategy. “Traditionally, we have pursued a strategy of organic growth. We now plan to accelerate our growth trajectory by acquiring companies like Superior that provide quality professional drivers with safe operating histories to a broad range of customers. Our goals are to increase the number of markets we serve and to be the market leader in each and every market in which we are present” said David Broome, CEO of TransForce. TransForce was advised in this transaction by one of its equity sponsors, The Argentum Group, with financing provided by SunTrust Bank.

About TransForce
TransForce was founded in 1991 and has operations in 26 states. TransForce specializes in providing quality commercial truck drivers to the transportation industry that includes trucking companies, third party logistics companies as well as private fleets. TransForce also offers department of transportation compliance services that include DOT audit preparedness, qualification file services and training, and federal motor carrier regulation education services.

Amtech LLC Acquires Arrowhead Composites and Thermoplastics — Alabama-based composite manufacturing plant will serve Southeast, Midwest and Atlantic

1/10/2013
Amtech Press Release

Wapato, Wash., January 10, 2013 – Amtech LLC, an industry-leading manufacturer of fiber-reinforced plastic components (“FRP”) for a wide array of industries, today announced the acquisition of Arrowhead Composites and Thermoplastics, an Elmore, Ala.-based division of Arrowhead Plastic Engineering, Inc., a FRP manufacturing facility serving the transportation, recreation, and utility industries.

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InteliChart Completes Development Agreement with RelayHealth Expanding Cost-Effective Health System Data Exchange

12/18/2012
Press Release

Svoboda Capital Partners LLC Announces Investment in Strategic Marketing, Inc.; Capital to Support Growth of Leading, Direct Marketing Firm

12/18/2012
Svoboda Capital Press Release

CHICAGO, IL – December 18, 2012 – A fund affiliated with Svoboda Capital Partners LLC (“SC”) has made an equity investment in Strategic Marketing, Inc. (“Strategic” or the “Company”).  SC partnered with Strategic’s Founder & CEO, Todd Strause, who will continue to own a significant interest in the Company.  BMO Harris Bank, N.A. provided senior debt and Merion Investment Partners provided subordinated debt to complete the transaction.

Founded in 1995 and located in Louisville, Kentucky, Strategic is a technology-driven, direct marketing lead generation firm that provides multi-channel marketing campaigns for automotive dealerships in the United States.  Strategic’s innovative products and customer centric approach have resulted in significant growth over the past 17 years.

“Strategic is the market leader in a niche category and SC is excited to partner with Todd and his talented management team to leverage our collective direct marketing experience to expand the Company’s service offering and geographic footprint,” said Rick Harpster, Principal at Svoboda Capital Partners. Todd Strause stated, “We chose SC based on their experience in the space and enthusiasm for our business and we are excited to work together to achieve our growth objectives and take our company to the next level.”

For more information, please visit http://www.strategicmarketing.com/.

About Svoboda Capital Partners

Svoboda Capital Partners LLC is a Chicago-based private equity firm with over $300 million of capital under management. Founded in 1998, SC identifies, invests in and helps build excellent value-added distribution and business services companies. SC typically makes investments of $10 to $20 million per company as the sole investor or in partnership with other private equity firms.  For more information, please visit http://www.svoco.com/.

About Merion Investment Partners

Merion Investment Partners is a lower middle-market mezzanine capital fund licensed as a Small Business Investment Company (“SBIC”). With over $200 million under management, Merion invests mezzanine debt and equity in companies to support organic growth, acquisitions, buyouts and generational transfers of ownership. Merion provides junior capital to private equity led buyouts as well as to entrepreneurs for growth capital and acquisitions. Preferred industries include healthcare, technology-enabled business services, information technology, and specialty manufacturing. For more information, please visit https://www.merionpartners.com/.