NEW YORK, NY and HAMMOND, LA, October 9, 2014 – Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm investing in financial services, today announced a definitive agreement to acquire a majority stake in Worley Claims Services (“Worley”), one of the largest independent providers of claims adjustment and related services in the United States. Since its founding in 1976, Worley has been nationally recognized for its expertise in adjusting claims, recovering costs, and overseeing public relations following natural and man-made environmental events.Read more →
Logicworks Chosen to Provide HIPAA Compliant Infrastructure, Cloud Architecture, and Managed Services.Read more →
SAN JUAN, P.R. – August 1, 2014 – B Media Group, a leading Puerto Rican owner and operator of billboard properties, announced today that it has received a strategic growth investment from Seaport Capital, a private equity firm focused on investments in the communications, media, and business services sectors.Read more →
You’d probably never in a million years guess that an office not far from the Cincinnati/Northern Kentucky International Airport in Hebron handles $4 billion in assets.
But that’s exactly what FTJ FundChoice does, thanks to a growth explosion that has brought its assets under administration from $3 billion just 13 months ago to above the $4 billion mark now.
“We’re hoping to cross $5 billion within the next 12 months,” said president Dean Cook.
FTJ FundChoice does all of the back-office work for investment advisers. That includes managing the investments for about half of its 2,000 or so investment rep clients. It also handles fee billing, reconciling trades, performance reporting and other administrative work that most advisers at small companies don’t want to deal with.
“This allows the advisers to spend time with their clients and do financial planning,” Cook said. “This is where we can add value.”
It uses 13 outside advisers, including Wilshire Associates and Advanced Asset Management Advisors in Columbus, to pick mutual funds and exchange-traded funds that fit clients’ investment strategies.
Most of its clients have $20 million to $100 million in assets under management. That’s relatively small in the investment world. Many are brokers who have left the big firms and started their own registered investment advisory firm. They want to work with clients, but they don’t want to handle all of the grunt work that goes with the business, so they hire outside companies.
Many of FTJ FundChoice’s competitors target bigger clients who manage more money. So it went after the advisers who work with clients with $50,000 to $100,000 to invest, rather than $1 million to $5 million or more.Read more →
Atlanta, GA, April 21, 2014 – Municipal Communications, LLC today announced the closing of a debt facility of up to $12.5 million to support the continued growth of the company’s tower development portfolio. Municipal Communications, based in Atlanta, develops, constructs and operates cell phone towers nationwide. Municipal Communications partnered with private equity investor Seaport Capital in 2010.Read more →
PHOENIX, ARIZ. – March 18, 2014 – Ubiquity Hosting, a leading US provider of dedicated, cloud and managed servers, announced today that it has received a strategic investment from Seaport Capital, a private equity firm focused on investments in the communications, information technology, and business services sectors.Read more →
CEDAR KNOLLS, NJ January 8, 2014 – Net Access, a leading colocation, cloud, and managed services provider in the New York metropolitan region, announced today the appointment of Raul K. Martynek as the company’s Chief Executive Officer. Mr. Martynek is assuming the role of CEO as Blake Ellman who has served as the company’s CEO and Co-Founder since 1995 will be transitioning into a new role as the company’s Chief Technology Officer heading up product development.Read more →
Mansfield, MA, December 20, 2013 – Bay Communications II, LLC today announced the closing of a $10 million debt facility to support the continued growth of the company’s tower development portfolio. Based in Mansfield, MA, Bay Communications II develops, constructs and operates cell phone towers in the northeastern United States. Bay Communications II is backed by equity partner Seaport Capital, who initially invested in the company in 2011.Read more →