Charter Oak Equity

Charter Oak Equity has launched CareGivers of America Holdings, Inc. (“CGA”), a home health services platform in Southern Florida. Headquartered in Boca Raton, CGA already serves the home healthcare needs of over 750 patients and clients through its subsidiaries, which currently include four separate nurse registries providing home health aide referral services and two home health agencies offering skilled nursing and therapies. Charter Oak is actively seeking add-on acquisitions for this platform.

(Note: Caregivers of America Holdings is not affiliated with Caregivers America, a Pennsylvania company.)

Charter Oak Equity has announced the sale of Chemical Resources Holdings, Inc. (dba ChemRes) to Benvic Group, a portfolio company of European private equity firm Investindustrial. ChemRes is a custom compounder of high-performance specialty polymer materials serving the medical, packaging, and industrial markets out of its Princeton, NJ headquarters and Chesapeake, VA manufacturing plant. Charter Oak Equity had led a 2019 majority recapitalization of ChemRes.

Charter Oak Equity and Lyrical Partners have announced the sale of Smartcare to Vanco, a portfolio company of Great Hill Partners. Smartcare is the leading provider of mobile-oriented, software-as-a-service solutions to child care providers, early educators, and after-school programs. Smartcare had been sponsored by Charter Oak Equity and Lyrical Partners from its founding in 2016 following the sale of Smart Tuition.

Licaplast Industries, a Charter Oak Equity and Fonds de solidarité FTQ portfolio company, has announced the acquisition of M’Plast, Inc. Headquartered in Lachine, Quebec, M’Plast is a manufacturer and converter of polyethylene products for customers in a range of sectors across North America. The M’Plast acquisition will bring with it a set of capabilities and customers complimentary to those of Licaplast, a vertically-integrated producer of flexible plastic packaging, including shrink film, laminated roll stock and pouches.

Charter Oak Equity and Lyrical Partners portfolio company Smartcare has announced the acquisition of Preschool2me, a premier provider of communications solutions for childcare providers. The acquisition of Preschool2me by Smartcare enhances the platform’s parent engagement tools and creates a powerhouse of child care management software solution. The integrated system offers a comprehensive, streamlined turnkey package of internal management and external communication tools for childcare providers across the country.

The Board of Trustees of the Financial Accounting Standards Board (FASB) has announced the appointment of Zubin Avari to the Private Company Council (PCC) for a three-year term. The PCC is the primary advisory body to the FASB on private company matters, including possible alternatives within GAAP to address the needs of users of private company financial statements.

Charter Oak Equity has announced the recapitalization of Chemical Resources Holdings, Inc. (dba ChemRes). ChemRes is a compounder and global logistics provider of high-performance specialty polymer materials, services and solutions headquartered in Princeton, NJ. ChemRes has been servicing the medical, packaging and wire & cable markets using multiple manufacturing technologies since 1995. The company’s Chesapeake, VA plant is uniquely qualified for production of medical-grade, mission-critical resins to meet customers’ demanding performance standards.

Charter Oak Equity and Fonds de solidarité FTQ have announced the recapitalization of Licaplast Industries – Emballages Inc. Licaplast is a vertically-integrated producer of flexible plastic packaging, including shrink film, laminated roll stock and pouches, for food and beverage customers in the US and Canada. The Company extrudes its own film for printing and also features add-on laminating and slitting capabilities.

Charter Oak Equity and Stephens Capital Partners have announced the sale of EiKO Global to Inverness Graham. Headquartered in Shawnee, Kansas, EiKO distributes its branded innovative LED lamps and fixtures globally and its fulfillment platform supports its 1,700 North American distributor customers with same-day shipments and two-day turnarounds.

Charter Oak Equity and RFE Investment Partners have announced the sale of ShelterLogic to Webster Capital. ShelterLogic is a global manufacturer and marketer of fabric-covered, steel frame shelters and canopies for diverse consumer and commercial applications, including sheds, garages, greenhouses and pop-up canopies.

Charter Oak Equity and High Road Capital Partners have announced the sale of The Crown Group. Crown is the leading independent provider of coating, assembly operations and logistical services for the automotive, agricultural, heavy-duty-truck, and white-goods industries in North America. The company applies coatings to customers’ manufactured parts and assembled products at 11 U.S. sites.

Charter Oak Equity and RFE Investment Partners have announced the sale of Brook & Whittle. Brook & Whittle, with three facilities in the Northeast, provides prime labels in pressure sensitive and shrink sleeve formats to beverage, personal care and medical end markets.

EiKO, a portfolio company of Charter Oak Equity and Stephens Capital Partners, has announced the divestment of its Drylam division. Drylam is an importer and marketer of laminating products in North America.

ShelterLogic, a portfolio company of Charter Oak Equity and RFE Investment Partners, has purchased the Outdoor Division of Bravo Sports. The acquisition is a designer, innovator, manufacturer and marketer of shade canopies, outdoor chairs and related accessories sold under brands such as QuikShade, Solo, Shade Tech, Moto Shade and GO. These brands complement ShelterLogic’s existing product lines of shelters and framed canopies for residential and commercial use.

Charter Oak Equity and Century Park Capital Partners have announced the sale of Cirtec Medical. Cirtec specializes in outsourced solutions for OEMs of active implantable medical devices, with a focus on neuromodulation, drug delivery and minimally invasive surgical devices. During the investment period, Cirtec made three add-on acquisitions and grew rapidly, driving a successful exit.

Doni Perl joined Charter Oak Equity in June 2017 as a Vice President. Prior to Charter Oak Equity, Doni spent four years at Quadrangle Group, where he focused on investments in the communications and media sectors, and two years with Sanabe & Associates, an investment banking boutique providing M&A, restructuring and strategic advice to companies in the building products, paper/packaging and renewable energy industries.

Seaboard Folding Box has purchased Imperial Packaging, a producer of decorated boxes for leading consumer products companies. This transaction enhances Seaboard’s position as a high-quality provider of decorated packaging solutions to the middle market and positions the combined company as a front runner in its regional market. Seaboard is a portfolio company of Charter Oak Equity and Peninsula Capital Partners.