BBCP announces its participation in the recapitalization of Navegate Logistics.
MENDOTA HEIGHTS, Minn.–Navegate Logistics, Inc., a tech-forward third-party logistics (3PL) provider, is announcing that it has been recapitalized by Chicago-based Saltspring Capital LLC. Nathan Dey, Saltspring’s Managing Partner, will be joining the Navegate team as CEO and Chairman.
“Navegate presents an amazing opportunity to grow and build on a rich 50 years of logistics history,” said Dey. “This industry is going through a tremendous digitization, and the steps Navegate has proactively taken to position themselves to succeed in the future made the investment very compelling.” The remainder of the company’s existing leadership team, including Joe Pelletier, President, will continue with the company. Chad Bickett, formerly VP of Strategic Initiatives, will also become COO with the transition.
The investment validates and supports Navegate’s plans to build on its existing success as a leader in delivering clients unprecedented supply chain visibility, flexibility and vendor integration. Furthermore, it will continue to grow the company’s business network on both the International and Domestic fronts.
Already a leader in modernizing the logistics industry—consistently making Inbound Logistic’s Top 100 List of IT Providers—Navegate’s long-term vision is to become a one-stop, global trade portal where customers can quote, book and track shipments worldwide.
As a strategic and operationally focused investor, Saltspring brings a strong foundational knowledge in global logistics and a deep bench of partners to accelerate Navegate’s growth. Next Coast Ventures, Relay Investments and the Operand Group also participated in the financing round.
“We are thrilled to be backing an innovative company in Minneapolis—freight forwarding is a massive industry that is ripe for disruption, and Navegate’s product is a prime example of how a full-stack business model can fundamentally change the way a fragmented industry like freight logistics operates,” said Michael Smerklo, co-founder and managing director of Next Coast Ventures. “We have no doubt that Nathan and Navegate leadership’s deep domain expertise will be the team to scale this incredible platform, and we are so excited to be a part of the next phase of Navegate’s journey alongside a strong group of syndicate partners.”
Navegate offers traditional services such as freight forwarding, customs brokerage and domestic transportation along with innovative, cloud-based software and a best-in-class vendor portal platform.
As part of the investment, Navegate’s asset-based trucking division has been spun off and will be operated as a separate business based in Sioux Falls, South Dakota. Navegate will keep its headquarters in Mendota Heights, Minnesota, and also maintain its offices in Chicago, Los Angeles, Shanghai and Hong Kong.
(April 20, 2017) – Today, EVERFI, Inc., the nation’s leading education technology innovator, announced the acquisition of online compliance training company Workplace Answers. The acquisition expands EVERFI’s commitment to solving complex prevention and workforce challenges through interactive, scalable education solutions.
“Nearly a decade ago, EVERFI was founded on the conviction that we could harness innovative, digital education to engage learners on the largest and most intractable social issues of our times – from financial education and diversity, to sexual assault and harassment prevention,” said EVERFI CEO Tom Davidson. “By bringing Workplace Answers into the EVERFI Network we have become the world’s largest company committed to empowering learners at every stage of their lives, from the classroom to the boardroom.”
The acquisition of Workplace Answers, also includes their Campus Answers brand, which provides faculty and staff training around critical campus issues like sexual harassment prevention training. The combined company will now serve over 1,700 campuses and provide them access to the Campus Prevention Network, a nationwide initiative committed to creating safer, healthier communities. Through the Campus Prevention Network, schools across the country will take a pledge to adopt the highest standards of prevention related to critical health and safety challenges, including sexual assault and alcohol abuse, and to assess the progress and impact of their efforts.
“Workplace Answers and EVERFI share the same philosophy of engaging the learner and putting the customer at the center of product innovation,” said Girish Pashilkar, CEO of Workplace Answers, LLC. “As we considered growth strategies for Workplace Answers, I felt confident that being acquired by EVERFI would allow us to significantly amplify our impact in critical areas such as preventing corruption, discrimination and sexual violence. Additionally, EVERFI’s inclusive and purpose-driven culture would continue to provide a thriving work environment for our talented employees.”
“Through the Campus Prevention Network, EVERFI is creating a powerful community dedicated to using evidence-based best practices, data, and scalable training to take on some of the toughest challenges facing colleges and universities,” said Preston Clark, President of EverFi’s Higher Education and Corporate Compliance divisions. “The addition of Workplace Answers reaffirms our commitment to support schools and companies in this important work, and accelerates the incredible momentum driving progress across the country.”
EVERFI is the leading education technology company that provides learners of all ages education for the real world, through innovative and scalable digital learning. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) subscription model and has certified over 16 million learners in critical skill areas. Some of America’s leading CEOs and venture capital firms are EVERFI investors including ReThink, Advance Publications, Amazon founder and CEO Jeff Bezos, Twitter founder Evan Williams, and Google Chairman Eric Schmidt. The EVERFI Education Network powers more than 4,200 customers in their education initiatives across all 50 states and Canada. Learn more at EVERFI.com
October 17, 2016 — Bradford Brown Capital Partners LLC today announced the acquisition of Blue Sky Network (“BSN”) with search fund entrepreneurs, Kambiz Aghili and Greg Demory of Kerwood Capital. BSN, based in San Diego, was founded in 2001 and provides uninterrupted, real-time remote asset tracking solutions using the Iridium satellite network for fixed wing, marine, rotary wing and the land/mobile markets. The company offers proprietary, FAA-certified (Tier I Iridium, GSM) standalone hardware along with a cloud-based, multi-platform fleet management software portal.
ISI Telemanagement Solutions, LLC announced that it has sold a controlling interest to search fund Valent Capital Partners, LLC. “ISI is well served by this transaction,” said Michelle Moreno, Chief Financial Analyst, Managing Director, Dresner Partners. “Valent Capital Partners will invest in ISI’s continued growth, both organically and through partnerships and acquisitions, to serve the ever increasing needs to deliver unified communications solutions.”
REDWOOD SHORES, Calif., Oct. 13, 2016 /PRNewswire/ — Attainia, Inc., (“Attainia”), the leading provider of healthcare capital equipment management and information solutions, has successfully completed a transaction with investment firm, Prometheus Health Partners, LLC, (“Prometheus”).
“We are extremely excited to announce the acquisition of Attainia,” said Mike Rozenfeld, who will operate as CEO of Attainia, Inc. “Attainia is the leader in providing medical capital equipment management solutions and information services. Healthcare systems, group purchasing organizations, equipment suppliers, and professional engineering and planning firms all turn to Attainia’s SaaS solutions to manage complex equipment planning projects and obtain valuable information on the rapidly changing healthcare industry. Jack McGovern has done a remarkable job running Attainia for the last three years. I am confident that our investment will enable Attainia to deliver even higher quality solutions and services to its clients.”
Attainia’s products, which include PLAN, BUDGET, WATCH and PREDICT, provide the tools necessary to make informed decisions and to manage complex capital equipment plans, budgets, and routine replacement processes. With over 300 customers, including Sutter Health, Intermountain Healthcare, Cleveland Clinic, Stryker, Siemens, CallisonRTKL, AECOM and others, Attainia remains well positioned to continue to grow and expand its presence in the U.S.A. and around the world.