The Company plays a crucial role for its customers who rely on its superior brand value, breadth of offering and sourcing and logistics capabilities. PrimeSource CEO Tom Koos said he is proud of the collaboration with Platinum Equity and excited about the opportunity to partner with Clearlake. The billionaire behind the moniker recently picked up a $21 million house on the western margin of Brentwood Park, and it’s worth a look. Over the past 25 years Platinum Equity has completed more than 250 acquisitions. Behdad Eghbali is Co-Founder & Managing Partner at Clearlake Capital Group LP. Moelis & Company is serving as Platinum Equity’s financial advisor on the sale of PrimeSource and Gibson, Dunn & Crutcher LLP is serving as Platinum Equity’s legal advisor. © 2018 Cohesive Capital. For more information, please visit www.primesourcebp.com, www.grip-rite.com, www.pro-twist.com. Clearlake Capital Partners founders Behdad Eghbali and José Feliciano. It is mandatory to procure user consent prior to running these cookies on your website. I have known José E. Feliciano, Behdad Eghbali, Colin Leonard and the team at Clearlake for over a decade, having not only been a CEO for one of their previous portfolio companies but also in my capacity as a board member and advisor to several Clearlake portfolio companies. We look forward to leveraging Clearlake’s O.P.S.® playbook to capitalize on the Company’s market leadership and strong momentum to accelerate growth through both organic initiatives and acquisitions.”. Clearlake’s history of active leadership as value-added investors is further enhanced by the firm’s network of executives and operating resources within its core industries. Motive Partners, Clearlake and funds advised by Motive Partners have entered into a definitive agreement to acquire 80% of InvestCloud from … Behdad Eghbali is Co-Chairman at Bluefly Inc. See Behdad Eghbali's compensation, career history, education, & memberships. These cookies do not store any personal information. PrimeSource is a leading global distributor of specialty building materials serving residential, commercial, and industrial new-construction and remodeling markets. But opting out of some of these cookies may affect your browsing experience. Behdad Eghbali Co-Founder and Managing Partner, Clearlake Capital THE LATEST: In 2018, Eghbali and Clearlake closed the firm’s fifth flagship fund with $3.6 billion in commitments. We use cookies to enhance your user experience. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Based in Santa Monica, California with an office in Dallas, Texas, Clearlake is led by José E. Feliciano and Behdad Eghbali, who have together built a team of investment professionals with a unique blend of sector and product capabilities through a history of long-term strategic partnerships with management to transform and grow companies. With 34 distribution centers throughout the US and more than 1,100 employees, PrimeSource is a global distributor of building materials serving residential, commercial, and industrial new-construction and remodeling markets as a value-added link in the distribution chain. Clearlake Capital Group has completed its previously announced buyout of Endurance in a take-private deal for about $3 billion. “We deployed the full range of our M&A&O toolkit, helping the company grow strategically while enhancing its capabilities in supply chain management, logistics, salesforce effectiveness and technology applications,” said Platinum Equity Partner Jacob Kotzubei. We look forward to investing behind the Company to bolster these capabilities, expand our product offering and increase the value PrimeSource delivers to its customers,” said Colin Leonard, Partner at Clearlake. Eghbali”) This Statement relates to the Shares (as defined herein) held for the account of Clearlake Capital Partners VI Finance, L.P., a … Behdad Eghbali serves as a member of the Board of Directors for Diligent. Jones is a recording artist and founded Supercharged by … Behdad is Co-Founder and Managing Partner at Clearlake Capital Group LP which currently has approximately $10 billion of assets under management, and its senior investment principals have led or co-led more than 100 investments. In addition, Clearlake believes it is further differentiated by utilizing its sector driven investment approach while investing in transactions in which the firm exercises control or has significant influence. Santa Monica-based private equity group Clearlake Capital Partners has unveiled a … Following the acquisition, Platinum Equity’s M&A and operations teams drove a comprehensive operational improvement and transformation program. “We have long admired PrimeSource for the breadth of its distribution network and unparalleled sourcing infrastructure. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. For more information, visit our Privacy Policy. Founder of Clearlake Capital Group LP, Behdad Eghbali currently occupies the position of Co-Chairman for Vendor Credentialing Service LLC, President & Director at Swiss Watch International, Inc. and Partner at Clearlake Capital Group LP. But opting out of some of these cookies may affect your browsing experience. These cookies will be stored in your browser only with your consent. Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. We also use third-party cookies that help us analyze and understand how you use this website. In 2018, Feliciano’s business partner, Behdad Eghbali, bought a Malibu estate for $50 million. “This is an impressive milestone for symplr as the acquisition of Phynd provides highly complementary cloud provider directory management technology, expanding the company’s capabilities and addressable market,” said Behdad Eghbali, Co-Founder and Managing Partner, and Prashant Mehrotra, Partner, of Clearlake. They are the optimal partners for PrimeSource at this stage in our Company’s evolution.  We are looking forward to continuing our exciting growth trajectory in the coming years.”, “We are excited to partner with Tom, Bill, and the entire PrimeSource management team,” said José E. Feliciano, Co-Founder and Managing Partner at Clearlake. Necessary cookies are absolutely essential for the website to function properly. Clearlake believes these situations provide attractive investment opportunities as they are often overlooked relative to large, widely followed restructurings and corporate buyouts. Based in Santa Monica, California with an office in Dallas, Texas, Clearlake is led by José E. Feliciano and Behdad Eghbali, who have together built a team of investment professionals with a unique blend of sector and product capabilities through a history of long-term strategic partnerships with management to transform and grow companies. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Over in Malibu, a mansion once rented by power couple Beyoncé and Jay-Z, sold for $50 million to Behdad Eghbali, a founding partner at Santa Monica-based investment firm Clearlake Capital. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Clearlake has a flexible mandate to invest in both private and public transactions across the capital structure in debt or equity securities in the lower and middle market through buyouts, corporate divestitures, recapitalizations and reorganizations. “This new investment is a great example of our focus and expertise in the specialty industrial distribution sector. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. CLEARLAKE CAPITAL GROUP, L.P. Total Shares: 4,708,463 Subject Company: Blackbaud Inc - View Complete Ownership History Backtest Filed as of Date: 02/08/2021: Event Date: 12/31/2020: Overall % Ownership: 9.5 Founded in 1990, PrimeSource manages a highly diversified global supply chain, distributing over 23,000 SKUs sourced from more than 500 vendors in 16 countries throughout Asia, Europe and North America. It was listed upon completion early last spring, asking $25.65 million. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials and consumer. The team has approximately 200 years of collective experience with a focus on complex situations in small and medium-sized companies. All rights reserved. Clearlake has the ability to take advantage of market dislocations, out-of-favor industries, and companies in transition across different phases of the economic cycle while improving operations and creating value. Behdad Eghbali has a new place to hang his hat. The firm has offices in Santa Monica and Dallas. I have known José  E. Feliciano, Behdad Eghbali, Colin Leonard and the team at Clearlake for over a decade, having not only been a CEO for one of their previous portfolio companies but also in my capacity as a board member and advisor to several Clearlake portfolio companies. “We are grateful to Platinum Equity for the support over the past several years.  They have been instrumental in transforming PrimeSource and their operating model has been key to our success,” said Mr. Koos. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials, technology and consumer. ⭐ Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more. Platinum Equity acquired PrimeSource in 2015 from Itochu Corporation. Our team has a long history in credit and WhiteStar's investment philosophy lines up well with ours," said Jose E. Feliciano and Behdad Eghbali, Clearlake's co-founders and managing directors, in the news release. “Platinum Equity has a demonstrated track record successfully investing in and creating value in the building products space over many years and PrimeSource is no exception.  It has been a pleasure partnering with the PrimeSource management team led by Tom Koos, and we look forward to following the company’s continued success in the years ahead.”. We use cookies to enhance your user experience. behdad eghbali: . All rights reserved. Core products distributed under the nationally known Grip-Rite® and Pro-Twist® brands include: nails, screws, and collated fasteners; tools, compressors and accessories; residential and commercial roofing products; diamond blades and accessories, gypsum accessories, weather protection and covers, adhesives and caulks, contractor bags and poly sheeting, building accessories; rebar and concrete accessories; and fencing and wire. November 16, 2020 By Marvin Larin Comments are Off, Global Distributor of Specialty Building Materials will Serve as Clearlake’s Latest Platform for Organic Growth and Add-on Acquisitions in the Specialty Distribution Sector. “By investing in growth and fundamentally improving the Company’s operational underpinnings, PrimeSource substantially increased earnings and is well positioned to sustain its momentum.”, “PrimeSource has been a fantastic success story,” said Platinum Equity Managing Director Todd Golditch. Clearlake Capital Completes Acquisition Of nThrive's Technology Division ... both organically and through acquisition," said Behdad Eghbali, Co … © 2018 Cohesive Capital. LOS ANGELES, CA, SANTA MONICA, CA AND IRVING, TX (November 16, 2020) – Platinum Equity announced today the signing of a definitive agreement to sell PriSo Holding Corporation (“PrimeSource”, or the “Company”) to Clearlake Capital Group, L.P. (together with affiliates, “Clearlake”). The home is a very fine contemporary Spanish style, and a new build. By continuing to browse, you hereby agree to the use of cookies. Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $23 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. "Clearlake has always had a flexible investment mandate, and this fits perfectly with our strategy. Mr. Eghbali is also on the board of 6 other companies. I have known José E. Feliciano, Behdad Eghbali, Colin Leonard and the team at Clearlake for over a decade, having not only been a CEO for one of their previous portfolio companies but also in my capacity as a board member and advisor to several Clearlake portfolio companies. Clearlake Capital Group, L.P. is a leading investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. It is mandatory to procure user consent prior to running these cookies on your website. Necessary cookies are absolutely essential for the website to function properly. This website uses cookies to improve your experience while you navigate through the website. More information is available at www.clearlake.com and on Twitter @ClearlakeCap. We also use third-party cookies that help us analyze and understand how you use this website. The seller was Richard Weintraub, president and CEO of Weintraub Real Estate Group. “Our leadership group is thrilled for the next step. The prospective buyers are Behdad Eghbali and José Feliciano — billionaire co-founders of Clearlake Capital, a private equity firm based … These cookies will be stored in your browser only with your consent. Deutsche Bank Securities is acting as Clearlake’s financial advisor and Kirkland & Ellis LLP is serving as Clearlake’s legal counsel on the transaction. You also have the option to opt-out of these cookies. "We are excited to be partnering with Sharon to create a leading web presence platform that will benefit from significant economies of scale to drive growth in an attractive market," said Behdad Eghbali, Founder and Managing Partner, and James Pade, Partner of Clearlake. This website uses cookies to improve your experience while you navigate through the website. By continuing to browse, you hereby agree to the use of cookies. Clearlake currently has approximately $25 billion of assets under management, and its senior investment principals have led or co-led over 200 investments. You also have the option to opt-out of these cookies. View Behdad Eghbali’s professional profile on Relationship Science, the database of decision makers. Behdad Eghbali (left) and Jose E. Feliciano, co-founders of Clearlake Capital Group. Terms of the transaction were not disclosed. For more information, visit our Privacy Policy. This category only includes cookies that ensures basic functionalities and security features of the website. iii) Behdad Eghbali (“Mr. Clearlake currently has approximately $30 billion of assets under management and its senior investment principals have led or co-led over 300 investments.
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