BPOC and Heritage Group recaps Medical Solutions

Beecken Petty O’Keefe & Company and Heritage Group have closed a recapitalization of Medical Solutions, a staffing agency that placing registered nurses in temporary travel assignments in the U.S. No financial terms were disclosed. As a result of this transaction, Medical Solutions’ previous backers Tenex Capital Management and McCarthy Capital have exited their stakes in the company.

Ballantyne Strong appoints board chairman

Ballantyne Strong has named Samuel C. Freitag as chairman of its board of directors. The appointment became effective January 1, 2015. Freitag replaces William F. Welsh, II, who has stepped down as chairman while continuing as a member of its board of directors. Freitag is a former president of private equity fund manager McCarthy Capital Corp. Ballantyne Strong is a provider of digital technology solutions.

Medical Solutions buys OA Nurse Travel

Medical Solutions has acquired OA Nurse Travel from On Assignment. Financial terms weren’t announced. OA Nurse Travel, of Cincinnati, provides traveling nurses. Omaha-based Medical Solutions is owned by Tenex Capital Management and McCarthy Capital.

Michael McGovern Joins McCarthy Capital Corp. as Principal

McCarthy Capital, an Omaha, Nebraska-based middle-market private equity firm, has hired Michael McGovern as a principal, working out of the firm’s Boston office. McGovern joins McCarthy from Wincove Capital, a lower middle market PE firm that he cofounded in 2008. Previously, McGovern was a partner at Hampshire Equity Partners, a NY-based PE firm where he spent […]

Bean Town Shop Eyes Data Center Services Co.

TA Associates appears poised to invest in CoSentry.net LLC, an Omaha, Neb.-based company that provides technical services for data centers and cloud computing, Buyouts reported earlier, citing a recent regulatory filing. Boston-based TA would be making the investment out of its $4 billion 11th fund, closed in 2009. The Federal Trade Commission granted TA early […]

Welsh Carson Buys Peak 10

Welsh, Carson, Anderson & Stowe has bought a majority stake of Peak 10, a Charlotte, N.C.-based data center operator and managed services provider. Peak 10’s management will also have a stake. The sellers were Seaport Capital and McCarthy Capital. Financial terms were not disclosed. The deal is expected to close in early October.

McCarthy Capital Makes Growth Equity Investment in Advantor Systems

McCarthy Capital Corp. led a growth equity investment in Advantor Systems LLC, which is an Orlando, Fla.-based designer and integrator of physical security systems. Terms were not disclosed. McCarthy Capital of Omaha, Neb., is a private equity firm that exclusively invests in middle market companies with operating profits of $3 million and $25 million. The shop’s typical investments range from $10 million to $30 million.

Life Care Services Raises $50 Million

Life Care Companies LLC, a Des Moins, Iowa-based provider of services to senior living communities, has raised $50 million in new funding led by McCarthy Capital Corp. PRESS RELEASE McCarthy Capital Corporation recently led a $50 million investment in a privately-held company, Life Care Companies LLC. Headquartered in Des Moines, Iowa, the company does business […]

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