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ThreeBridge Solutions Acquires BlueLine Associates

November 07, 2018 08:30 AM Eastern Standard Time

MINNEAPOLIS (BUSINESS WIRE) – ThreeBridge Solutions, a strategic provider of business and IT consulting solutions, announced this morning that they have reached an agreement to acquire BlueLine Associates, a national people, process, and technology transformation consultancy headquartered in Tampa, Florida.

This acquisition deepens ThreeBridge’s Business Transformation solution, adding key competencies in Continuous Improvement as a Service, Rapid Cycle Improvement, Robotic Process Automation, and Lean Management Systems.

“We are very excited to be joining forces with BlueLine. Rocky and his team have built an amazing reputation for simplifying and accelerating complex process improvement initiatives to drive real value for their clients, and we are thrilled to extend that same capability to ThreeBridge clients,” states Jim Kelly, ThreeBridge Founder and CEO.

With the addition of BlueLine’s Business Transformation expertise, ThreeBridge will be better-enabled to bring end-to end Business Transformation capabilities to their clients nationwide by developing holistic, forward-thinking strategies across their core solutions.

“This is a very exciting day for our organization, and I am beyond thrilled to combine our collective expertise. It’s a rare thing to have two organizations so similarly aligned in our corporate value with absolute dedication to our clients, employees, and communities,” states Rocky Silvestri, BlueLine President and CEO.

“We are thrilled to have Rocky and his team join ThreeBridge. BlueLine will be a great addition to the ThreeBridge platform and will bring exciting new solution capabilities as well as several new markets.” Paul Schilpp, RFE Investment Partners, Managing Director

ThreeBridge Solutions is a national provider of Talent, Training, and Advice within their core solutions: Business Transformation, Cloud Enablement, Digital, and Smart Data. This acquisition significantly expands their Business Transformation capabilities, integrating strategy with execution to accelerate the delivery of value for their clients. Nationally, ThreeBridge has over 500 consultants across 90 clients, and is growing rapidly through building new capabilities and expanding geographies. For more information regarding this acquisition, please contact ThreeBridge Public Relations at PR@threebridge.com

Contacts
RFE Investment Partners
Paul Schilpp, 203-966-2800
pschilpp@rfeip.com

ThreeBridge Solutions
Ashley Adams, 612-424-2401
PR@threebridge.com

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 21 years and average 26 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

November 7, 2018
EnsembleIQ Acquires Media Brands From Lebhar-Friedman

Chicago, Illinois – June 28, 2018 – EnsembleIQ announced today that it has purchased substantially all of the media, digital and event assets from New York City-based Lebhar-Friedman. Launched in 1925, the third-generation family business produced several leading retail brands including DRUG STORE NEWS, CHAIN STORE AGE and HARDWARE AND BUILDING SUPPLY DEALER.

The transaction also includes Chain Store Age’s SPECS and X/SPECS, two strategic events focused on physical retail that bring together the nation’s top retailers and suppliers to learn, share ideas, develop business partnerships and solve problems.

The Lebhar-Friedman brands will operate under the EnsembleIQ umbrella, and will continue to be led by Senior Vice President John Kenlon and his management team including Gary Esposito, Eric Savitch and Seth Mendelson. President and CEO, Randall Friedman will serve in an advisory role during the transition, and Chairman Roger Friedman will devote his time to new ventures.

“We’re thrilled to have these iconic brands and talented employees join the EnsembleIQ family,” said David Shanker, CEO of EnsembleIQ. “Adding chain drug, hardware and store operations reach and expertise provides our collective subscribers and customers with a comprehensive view of retail insights and information throughout the United States and Canada.”

“The company that my grandfather Arnold founded and my father Roger ran for many years has always been focused on the retail industry,” said Randall Friedman. “The fact that EIQ also has great brands and deep expertise in retail makes me very optimistic that the LF roots will continue to grow and bear fruit in the years to come under EIQ’s stewardship.”

EnsembleIQ is a premier business intelligence resource that exists to help people and their organizations succeed. It is structured to serve the business-to-business needs of retailers, consumer goods manufacturers, technology providers, hospitality and healthcare professionals, marketing agencies and retail service providers by using its integrated network of media and information resources designed to inform, connect and provide actionable marketplace intelligence.

EnsembleIQ is a portfolio company of RFE Investment Partners, a private equity investor with more than 30 years of experience investing in growth companies in partnership with strong management teams. Information on RFE can be found at http://rfeip.com/.

Berkery Noyes served as the exclusive financial advisor to Lebhar-Friedman.

For additional information, please contact:

Korry Stagnito
Chief Brand Officer
EnsembleIQ
224-632-8171
korrystagnito@ensembleIQ.com

Randall Friedman
President & CEO
Lebhar-Friedman
212-756-5003
rsfriedman@lf1925.com

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 21 years and average 26 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

June 28, 2018
RFE Investment Partners Sells ShelterLogic to Webster Capital

New Canaan, CT – June 22, 2018 – RFE Investment Partners (“RFE”) has sold its portfolio company, ShelterLogic Corp. (“ShelterLogic” or the “Company”), to Webster Capital. As part of the acquisition, Webster Capital formed ShelterLogic Group, which comprises ShelterLogic Corp., Sojag and RIO Brands. The ShelterLogic management team will continue to lead the newly formed organization.

Headquartered in Watertown, Connecticut, ShelterLogic is the leading developer, manufacturer and distributor of a wide variety of shade, shelter, and outdoor storage products across the globe. With established global manufacturing, sourcing and distribution infrastructure in North America and China (including two owned production facilities in China), the Company has leveraged its value proposition to establish decades-long relationships across a diverse array of retail channels, such as home improvement, farm & fleet, mass, automotive, and sporting goods across both brick-and-mortar and e-tailers. ShelterLogic’s sophisticated distribution capabilities uniquely allow the Company to provide a comprehensive ecommerce solution to drive online sales for both brick-and-mortar and e-tailer customers.

ShelterLogic further consolidated its market leadership and distribution reach through its acquisition of Arrow Products in 2015, the #1 brand in the U.S. steel shed market, and QuikShade in 2017, the #1 brand in the U.S. pop-up canopy market. The combined Company formed the leading supplier of outdoor storage products. RFE and management worked seamlessly to build a proven acquisition platform with a global distribution infrastructure and comprehensive shipping capabilities, resulting in significant value creation and a successful sale process.

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 21 years and average 26 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

June 22, 2018
RFE Investment Partners Sells Atrenne to Celestica

New Canaan, CT – April 4, 2018 – RFE Investment Partners (“RFE”) has sold its portfolio company, Atrenne Integrated Solutions, Inc. (“Atrenne” or the “Company”), to Celestica Inc.(NYSE, TSX:CLS).

Atrenne is a leading designer and manufacturer of ruggedized electromechanical solutions serving multiple markets, primarily for military and commercial aerospace applications. Atrenne’s integrated solutions serve a full spectrum of next-generation, mission-critical applications on over 100 military and aerospace programs deployed globally. Its proprietary designs enable high-performance defense and security platforms to operate in harsh environments and support the continued growth of commercial aviation with the highest levels of quality and safety.

Headquartered in New Hope, Minnesota, Atrenne originated from the combination of CBT Technology, AbelConn and SIE Computing Solutions in July of 2014. The combination expanded the Company’s value proposition to customers and allowed for the delivery of custom rugged electromechanical solutions globally to its customers across commercial aviation, military and defense, telecom and networking and other industrial markets. RFE and management worked in tandem to ensure seamless integration of the entities, creating value and ultimately yielding the successful sale of the business.

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 21 years and average 26 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

April 4, 2018
Global Integrated Flooring Solutions Announces Formation

New Canaan, CT – February 16, 2018 – Global IFS, a new company specializing in energy efficient flooring solutions, announced its formation today with its portfolio including Camino Systems, Hi-Tech Data Floors, and the Haworth access flooring division, marketed under the name of TecCrete. Global IFS was formed to be the North American leader in raised flooring systems, that includes access flooring, modular power and underfloor air distribution products. The combined business will now have state of the art manufacturing capabilities in both the U.S. and Canada, along with a widespread distribution network and a comprehensive suite of services including engineering, project management and installation. Haworth will continue to have a minority ownership position in Global IFS and, through its dealers, collaborate on future projects.

“With manufacturing plants in Kentwood, Michigan, and Toronto, Ontario, Global IFS unites manufacturing and distribution excellence to create the North American leader of raised flooring system solutions,” said Darryl Rosser, Global IFS Executive Chairman. “The company has unparalleled knowledge and expertise in delivering solutions for high performing, flexible and sustainable buildings that maximize return on investment.”

The TecCrete product line is a recognized industry standard in the raised access floor market for its performance and flexibility. Raised access floors and underfloor air provide the architectural foundation for today’s sustainable offices, higher education, data center and gaming floor spaces that are responsive, cost-efficient and design savvy. “Raised access flooring continues to be a significant component of Haworth’s organic workspace promise and we are excited about ongoing applications in our portfolio,” said Franco Bianchi, Haworth President and CEO. “Through our dealers, we will partner with and support Global IFS in the market and continue to showcase its products in our showrooms.”

Hi-Tech has been a TecCrete dealer for the past 8 years and has been a leader in providing access flooring and related products for many of the major metropolitan areas in the northeastern United States since 1986. “Having the ability to offer end-to-end complete solutions is a game changer in the raised access market. We look forward to providing new products that meet the ever-changing needs of our dealers and customers,” said Bob McCrossan, President of Hi-Tech. “An innovative leader in our industry is long overdue.”

Camino Systems has been a raised access flooring systems leader, including underfloor air and modular power distribution, in Canada for the past 25 years. Camino has been a TecCrete dealer for the past 13 years and operates a manufacturing facility with showroom, sales and service offices in Toronto, ON.

Global IFS is poised to position itself at the forefront of the sustainable building products market and will provide the most comprehensive offering of integrated flooring system solutions: multiple raised access flooring lines, modular plug and play power solutions, and a full line of underfloor air distribution components. The company’s dedicated in-house resources will play an active role in assisting its North American distribution network to design custom solutions to meet client needs. Global IFS and its dealer base provide complete consultation, sales support, in-house engineering, project management and installation services in nearly any commercial or residential application, offering a single point of contact and one-stop solution.

Global IFS is a portfolio company of RFE Investment Partners and Cornerstone Capital Partners.

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 20 years and average 26 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

February 16, 2018