News

Traditions Health, LLC ("Traditions"), a multi-state hospice and home health provider, announced that it has acquired Physician's Choice Hospice ("Physician's Choice") and Palladium Hospice and Palliative Care ("Palladium Hospice").   These acquisitions will allow Traditions to provide a high quality of clinical care to a broader base of patients.

The acquisition of Physician's Choice and its five locations in Oklahoma, alongside the recent acquisition of Faith Hospice, make Traditions a leading hospice provider in the state. "We are excited to be joining the Traditions family with its strong leadership team, highly regarded brand and leading Oklahoma industry position," said Ginger Barsotti, Founder and President of Physician's Choice.  "Building this company from the ground up has been one of the greatest joys of my life. This partnership will allow us to support our long-term growth initiatives, predicated on our rich history as a private company with a dedicated and loyal employee base."

The acquisition of Palladium Hospice strategically strengthens Traditions' footprint in the southeast.  In acquiring Palladium Hospice, Traditions is adding six locations in South Carolina and two in Mississippi.  Traditions is also bolstering its existing Georgia footprint. "We are proud to integrate our company's experience and leadership into Traditions and helping them fortify their presence in the southeast. We look forward to joining the Traditions team," said Diane Parker, CEO and President of Palladium Hospice.

As a leading provider of hospice and home health services, Traditions offers skilled nursing, therapy services, and both physical and spiritual end of life care. The announcement was made by Bryan Wolfe, the President and CEO of Traditions.  "I am extremely excited to expand our services to South Carolina and Mississippi and strengthen our existing presence in Oklahoma and Georgia. This is an enormous accomplishment for our organization, and we could not be more excited to welcome the employees and patients of both Physician's Choice and Palladium Hospice into the Traditions family," said Mr. Wolfe.

Infinity Capital Partners acted as the sell-side advisor to Physician's Choice Hospice. Stoneridge Partners acted as the sell-side advisor to Palladium Hospice.

Williams Racing has been acquired by Dorilton Capital, bringing a successful conclusion to the Strategic Review which was launched in late May. Dorilton Capital is known for its long-term approach to investment and its key focus will be to restore the competitiveness of the team.  This marks the beginning of an exciting new era in the history of Williams, which with its new owner, is now well positioned to capitalise upon the sweeping rule changes coming into Formula One with the new Concorde Agreement.

As part of the Strategic Review, Williams together with the Group’s financial advisers, conducted a comprehensive review of all the options available to the Company, which included exploratory discussions with a series of potential investors. This strategic review has now successfully concluded and the Company is pleased to announce the sale of Williams Racing to Dorilton Capital. This Transaction received the unanimous support of the Board of Williams, including Sir Frank, who determined the Transaction delivers the best outcome for the Company’s shareholders and secures the long-term success of the Williams Formula 1 team.

Dorilton Capital is a private investment firm headquartered in the United States with a strong track-record of building and enhancing companies with a flexible and patient investment style. Dorilton recognises and appreciates the importance of respecting and retaining Williams’ heritage and culture and is committed to maintaining its identity. The team will continue to race and compete under the Williams brand, with the chassis name remaining unchanged. Dorilton has no plans to re-locate the team from Grove, its traditional home.

The new Concorde Agreement is set to transform the sport and will help address the historical challenges that Williams has faced as an independent constructor, by reducing the financial and on-track disparities between teams and creating a fairer, more competitive sport. The new changes present an exciting opportunity for Williams, which together with the new ownership, will secure the long-term future of Williams at the pinnacle of motorsport.

Claire Williams, Deputy Team Principal, commented: “The Strategic Review was a useful process to go through and proved that both Formula One and Williams have credibility and value.  We have now reached a conclusion and we are delighted that Dorilton are the new owners of the team. When we started this process, we wanted to find a partner who shared the same passion and values, who recognised the team’s potential and who could unlock its power. In Dorilton we know we have found exactly that. People who understand the sport and what it takes to be successful. People who respect the team’s legacy and will do everything to ensure it succeeds in the future. As a family we have always put our team first. Making the team successful again and protecting our people has been at the heart of this process from start. This may be the end of an era for Williams as a family owned team, but we know it is in good hands. The sale ensures the team’s survival but most importantly will provide a path to success. We are enormously grateful to Dorilton for the faith they have shown in our team and we look forward to working with them now. I would also like to thank the Williams Board and our advisers who have worked tirelessly over the past months to make this happen and our employees who have remained steadfastly loyal.”

Mike O’Driscoll, CEO of Williams, commented: “The transaction announced today marks the next stage in the history of Williams Formula 1 at an exciting time in the sport. The Company has successfully completed its strategic review and we are pleased to announce the sale to Dorilton Capital, which delivers a great outcome for shareholders and secures the long term future of the Company.”

Matthew Savage, Chairman of Dorilton Capital, commented: “We are delighted to have invested in Williams and we are extremely excited by the prospects for the business.  We believe we are the ideal partner for the company due to our flexible and patient investment style, which will allow the team to focus on its objective of returning to the front of the grid.  We look forward to working with the Williams team in carrying out a detailed review of the business to determine in which areas new investment should be directed.  We also recognise the world class facilities at Grove and confirm that there are no plans to relocate.”

Traditions Health, LLC ("Traditions"), a hospice and home health provider in Texas, California and Arizona, announced that it has acquired two hospice providers, Faith Hospice of Oklahoma and Embrace Hospice of Georgia. Both providers were part of Diversified Health Care and operate out of a combined ten locations. The multi-state footprint strategically expands Traditions’ presence to Oklahoma and Georgia, allowing Traditions to provide a high quality of clinical care to a broader base of patients across the country.

As a leading provider of hospice and home health services, Traditions offers skilled nursing, therapy services, and both physical and spiritual end of life care. The announcement was made by Bryan Wolfe, the President and CEO of Traditions.  "I am extremely excited to expand our services to Oklahoma and Georgia. This is an enormous accomplishment for our organization and we are very honored to begin caring for patients in these great states," said Mr. Wolfe.

Traditions Health, LLC ("Traditions"), a hospice and home health provider in Texas, California and Arizona, announced that it has acquired Hospice with Grace. Hospice with Grace is a provider of hospice services based in Tomball, TX. Their footprint strategically expands Traditions’ presence in the north Houston area, allowing Traditions to provide a high quality of clinical care to a broader base of patients.

As a leading provider of hospice and home health services, Traditions offers skilled nursing, therapy services, and both physical and spiritual end of life care. The announcement was made by Bryan Wolfe, the President and CEO of Traditions.  "I am extremely excited to extend our presence in Texas and serve the community of Tomball and the greater Houston area," said Mr. Wolfe.

MEI Rigging & Crating, LLC ("MEI"), a leading provider of machinery moving, millwrighting, installation, crating and export packing services, announced that it has acquired Adams Machinery Movers, Inc. ("Adams"). Adams is a provider of machinery moving and storage services based in Ellenwood, Georgia, near Hartsfield-Jackson Atlanta International Airport.

Buddy and Tony Adams founded Adams in 1990 and have grown the business into one of Atlanta’s premier specialty rigging outfits. Adams serves customers in automotive, medical, aerospace, machine manufacturing and other industries.

The announcement was made by Dan Cappello, the CEO and President of MEI. "We at MEI are proud to announce our acquisition of Adams Machinery Movers. We are excited to partner with Buddy and Tony to provide their blue-chip customer base with safe, high-touch machinery moving service in the years to come. Growing MEI’s presence in the Southeast has been a high priority and having the great team at Adams on board is an ideal first step towards achieving that goal."

Buddy and Tony will continue to lead Adams day-to-day under MEI's ownership. “We are extremely happy to have found like-minded partners,” said Buddy. Tony added, “we look forward to growing alongside MEI and adding capabilities to better serve our customers.”

Versa Integrity Group, Inc. ("Versa"), an industry leader in a wide range of non-destructive industrial inspection and testing, has closed a transaction to acquire Element Integrity Group, Inc. ("Element"). Element provides innovative mechanical integrity and non-destructive testing services to the petrochemical industry, including in consulting, program implementation, inspection, verification and testing. Element has over 60 employees across offices in Bartlesville, OK, Karnes City, TX and Houston, TX.

Element was founded by industry veterans Nick Brown and Brandon Revard who have built a team of experienced, specialized asset integrity professionals. Element shares Versa's commitment to safety, quality and customer service. The acquisition of Element will bolster Versa's provision of asset integrity services and expand its presence into Oklahoma and the Eagle Ford.

MEI Rigging & Crating, LLC ("MEI"), a leading provider of machinery moving, millwrighting, installation, crating and export packing services, announced that it has acquired Dunkel Bros Machinery Moving, Inc. ("Dunkel Bros"). Dunkel Bros is a provider of machinery moving and warehousing services based in Los Angeles, California.

Peter and Larry Dunkel founded Dunkel Bros in 1975 and have grown the business into one of the largest machinery moving and specialty rigging companies in the country. Dunkel Bros' state-of-the-art facility is located in La Mirada on 12 acres with over 240,000 square feet of warehouse space.

The announcement was made by Dan Cappello, the CEO and President of MEI. "We at MEI are proud to announce our acquisition of Dunkel Bros Machinery Moving. It is an honor to have been chosen by Peter and Larry as worthy stewards of their business and we look forward to continuing the professionalism and high level of service for which the company is known. Dunkel Bros' reputation in Southern California is second to none and we can imagine no better partner in the state of California."

Peter and Larry will continue to lead Dunkel Bros day-to-day under MEI's ownership.

"Larry and I are excited to work with MEI and begin a new chapter for the company," Peter said. "MEI's commitment to excellence and safety make them a natural fit for Dunkel Bros. We appreciate all the work Dan and his team have done to ensure this transition is seamless for our customers and employees."

Traditions Health, LLC ("Traditions"), a hospice and home health provider in Texas, California and Arizona, announced that it has acquired Guiding Hospice ("Guiding"). Guiding is a provider of hospice services based in Round Rock, just north of Austin. Guiding's footprint strategically expands Traditions' reach in the greater Austin area, allowing Traditions to provide a high quality of clinical care to a broader base of patients. Chris Willis and Kyle Dugan, the owners and operators of Guiding Hospice, will be joining the Traditions team.

As a leading provider of hospice and home health services, Traditions offers skilled nursing, therapy services, and both physical and spiritual end of life care. The announcement was made by Bryan Wolfe, the President and CEO of Traditions.  "I am extremely excited to extend our presence in Texas and serve the community of Round Rock and the greater Austin area," said Mr. Wolfe.

Traditions Health, LLC ("Traditions"), a hospice and home health provider in Texas, California and Arizona, announced that it has acquired Pathways Hospice ("Pathways").  Pathways is a provider of hospice services based in Tucson.  Pathways' footprint strategically expands Traditions' reach in Arizona, allowing Traditions to provide a high quality of clinical care to a broader base of patients.

As a leading provider of hospice and home health services, Traditions offers skilled nursing, therapy services, and both physical and spiritual end of life care. The announcement was made by Bryan Wolfe, the President and CEO of Traditions.  "I am extremely excited to extend our presence in Arizona and serve the community of Tucson," said Mr. Wolfe.

Dorilton Capital Advisors, LLC ("Dorilton"), a leading family equity office, has made a majority investment in Hennigan Engineering Company, Inc. (“Hennigan”). Hennigan provides a diverse range of industrial cleaning services to the utility, nuclear, petrochemical, industrial and municipal industries across the United States. The company prides itself on providing innovative solutions and skilled personnel necessary to solve complex cleaning projects. Hennigan will be partnering closely with Dorilton’s existing industrial cleaning business, National Heat Exchange Cleaning Corporation.

Based in Hingham, Massachusetts, Hennigan was founded in 1967 and has been owned and operated by the Hennigan family since inception. The company utilizes custom-designed equipment to administer hydroblasting, tube cleaning, inspection and water intrusion services that prevent and alleviate issues at its clients’ facilities. Demonstrated ingenuity and the consistent quality of Hennigan’s work have cultivated a long-standing customer base that relies on the company to solve their most challenging jobs.

“Hennigan has earned a reputation for devising customized solutions to complex problems. We are excited about the differentiated services that Hennigan provides and their strong position in the marketplace,” said Dorilton CEO, Darren Fultz.

Tim Hennigan, the company’s CEO, has successfully expanded Hennigan’s geographic presence and added additional services to drive growth during his tenure. He and Randy Benefield, the company’s President, have overseen this period of impressive development and maintained focus on the quality and professionalism for which Hennigan has always been known.

“We at Hennigan Engineering are thrilled to have entered into a long-term partnership with Dorilton Capital. Dorilton’s broad suite of advisory capabilities, understanding of the industrial cleaning sector and patient approach to investing are a few of the reasons we have pursued the relationship,” said Mr. Hennigan. “We look forward to building upon our company’s rich history and continuing to grow our capabilities to better service clients.”

MEI Rigging & Crating, LLC ("MEI"), a leading provider of machinery moving, millwrighting, installation, crating and export packing services, announced that it has acquired substantially all of the assets of Hanks Machinery Movers, Inc. ("Hanks"). Hanks is a provider of rigging and machinery moving services to commercial and industrial customers in and around the Dallas-Fort Worth area. The addition of the Hanks facility will give MEI a third Dallas-Fort Worth location, bolstering MEI's strong presence in the market.

Since inception in 1969, Hanks has been committed to providing safe, tailored and professional rigging and warehousing services to its clients. Strategically located in Hutchins, Texas near the intersection of I-20 and I-45 South, Hanks is able to effectively serve its client base throughout the Dallas-Fort Worth metroplex.

The announcement was made by Dan Cappello, the CEO and President of MEI – "We at MEI are proud to have Hanks join our team and add additional capacity and resources to deliver services to the Dallas-Fort Worth market. We see Hanks' professional approach and focus on safety as a great fit within our organization."

Traditions Health, LLC ("Traditions"), a home health and hospice provider in Texas and California, announced that it has acquired Reflections Hospice and Palliative Care ("Reflections"), a division of Centrix Health Resources ("Centrix").  Reflections is a provider of hospice services based in Mesa with three locations in Maricopa county.  Tarik Shirif, the CEO/President of Centrix, will be joining the Traditions team and taking a leadership role in business development. 

As a leading provider of home health and hospice services, Traditions offers skilled nursing, therapy services, and both physical and spiritual end of life care. This acquisition marks the tenth bolt-on executed by Traditions Health since first partnering with Dorilton Capital in 2011.

The announcement was made by Bryan Wolfe, the President and CEO of Traditions.  "I am extremely excited to expand our services to Arizona.  This is an enormous accomplishment for our organization and we are very honored to begin serving the people of this great state," said Mr. Wolfe.