MARKETING AND NETWORKING
H.I.G. Capital | December 23, 2021
H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $45 billion of equity capital under management, is pleased to announce the sale of its portfolio company Digital Room, LLC (“Digital Room” or the “Company”) to an affiliate of Sycamore Partners. Terms of the transaction were not disclosed.
Headquartered in Sherman Oaks, CA, Digital Room is a leading e-commerce provider of customized marketing products to small and medium sized businesses. The Company reaches its diversified customer base through a series of its own websites and fulfills the products through an extensive network of facilities across North America.
H.I.G. acquired Digital Room in December 2017 in partnership with the Company’s senior management. Through a combination of significant organic growth as well as highly strategic tuck-in acquisitions, Digital Room doubled revenue and profitability during H.I.G.’s ownership period, generating an outstanding return for its investors.
Mike Turner, CEO of Digital Room, added: “H.I.G. has been an outstanding partner to Digital Room since their initial investment in 2017. In addition to supporting our acquisitions efforts, H.I.G. provided us with the freedom and flexibility to grow the business organically and served as a value-added advisor to our senior leadership team. As a result of our work together with H.I.G., Digital Room is larger, stronger, and more diversified today than it was in 2017. We now offer a more comprehensive set of value-added solutions to our small and medium sized business customers.”
“We are extremely pleased with the results of our investment in Digital Room and are proud that H.I.G. played a role in building a solid foundation upon which the Company will continue to profitably grow. Digital Room is an exceptional organization with outstanding leadership and we wish the Company the best in the next chapter.”
Rahul Vinnakota, Managing Director at H.I.G.
Matt Hankins, Managing Director at H.I.G., further commented, “We have been thrilled with the partnership with Digital Room management and look forward to the Company’s continued success.”
Baird and Harris Williams were the financial advisors to Digital Room, and Ropes & Gray LLP represented H.I.G. Capital and Digital Room as legal counsel.
About Digital Room
Digital Room offers a broad array of marketing products for small and medium sized businesses through a portfolio of uniquely branded eCommerce websites, including Uprinting.com, Signs.com logosportswear.com, packola.com, eSigns.com, PrintPlace.com, NextDayFlyers.com, PrintRunner.com, and 48HourPrint.com. Digital Room’s focus on providing an outstanding user experience and excellent products has built loyal repeat customers from its base of small business owners, design professionals and marketers.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with over $45 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion.
Dashlane | May 06, 2022
In honor of World Password Day and Small Business Week, Dashlane, the leading credential and digital identity management company, today announced a brand campaign, Dashlane for SMBs, to increase awareness on the importance of making security simple for small and medium-sized organizations and their people. As part of the campaign, Dashlane is offering 30% off new accounts for Teams and Businesses from May 5 to May 19.Small and medium businesses are the backbone of this country, and often they may lack the IT resources or budget for enhanced security protocols.
The pandemic has also shifted workers to remote or hybrid work. In 2021, according to our trend report, 71% of small businesses made some security changes, with 43% adopting new security policies, 40% increasing cybersecurity training, and 31% started investing in digital security tools like password managers. Dashlane’s Password Playbook for Small Businesses shows how small-business leaders can manage passwords to secure company and employee accounts and protect sensitive data—all while improving productivity.
The company released initial findings on trends regarding the future of secure work for small businesses, in anticipation of their launch of a full report later this month.
We want to empower leaders to create a culture of security, where employees understand their role in protecting data and are active participants in ongoing security conversations,” said Dashlane CEO JD Sherman. “It is key for SMBs to identify, measure, and mitigate cybersecurity risks and have the tools they need to maintain good security habits without trading simplicity for convenience.
“Dashlane is passionate about making security simple for small and medium sized businesses, Cybersecurity is now a standard part of doing business and unfortunately, SMBs are even more susceptible to online threats. We will continue to serve as a trustworthy partner to this community, providing the necessary tools and information for them to protect their walls, gates, and human behavior.”
-Dhiraj Kumar, Dashlane CMO.
Launching this summer, Dashlane’s Domain-based Dark Web Monitoring capability - called Dark Web Insights - will continue their mission in supporting threat management for businesses by helping them identify breaches that could impact their organization.
For more on Dashlane’s campaign, visit the Dashlane blog.
Dashlane is a tool that simplifies password management for people and businesses. We empower organizations to protect company and employee data, while helping everyone easily log in to the accounts they need—anytime, anywhere. A better digital future starts with secure access. Our team in Paris, New York, and Lisbon is united by a strong sense of community and passion for improving the digital experience. Over 15 million users and 20,000 businesses in 180 countries use Dashlane for a faster, simpler, and more secure internet.
BuildESG | June 20, 2022
BuildESG recently launched the BuildESG Hub, a holistic software and service solution to deploy, manage and scale ESG programs for small businesses, asset managers and their portfolios. The digital platform is a powerful tool for aligning ESG practices with core business strategies, offering a best-in-class digital user experience that provides a 360-degree view of ESG processes, and offers access to resources, expert guidance and a community forum.
“The BuildESG Hub arose because we saw a gap in the market — we couldn’t find a simple solution that would help companies understand the basics of ESG, why it matters and how to establish a foundation of practical policies and processes that were applicable across sectors and company maturity levels, So, our team of ESG experts, investors and technologists built a platform that combines digital tools and ESG expertise that companies and investors need to set and meet their ESG goals.”
-BuildESG Founder & CEO James Lindstrom
The BuildESG Hub offers both free and paid packages. For those who need more guidance, we felt it was important to offer guidance alternatives in the form of a community forum and ESG experts under a flat fee versus the hourly model of most consulting firms. Lindstrom added. BuildESG members and teams at various membership tiers are able to.
Deploy ESG Programs. For companies that do not yet have an ESG program, the platform includes basic education and a methodical building of a foundation of processes and policies. Deployment starts with access to introduction to ESG training content and user-friendly, digital assessments of a company’s existing policies and processes, resulting in a digital action list to establish a solid foundation for future ESG initiatives, such as quantitative data tracking.
Access Support Resources. In order to support building a foundation, BuildESG provides guides, templates, due diligence and vendor assessments and a portfolio-wide content retention library.
Connect with Peers through the BuildESG Forum. BuildESG’s platform drives connections and community among our members by helping share best practices, tools and intelligence.
Additional paid features include:
Hands-on Introductory and Annual ESG Training.
Portfolio Analytics for Asset Managers.
Premium Private Equity Industry Benchmarking Reports.
Detailed Benchmarking Process-Level Data.
Expert ESG Guidance from BuildESG Experts.
Annual Company and Portfolio Reviews from BuildESG Experts
BuildESG is a software and services ESG platform with 50+ ESG subject-matter experts at the helm. BuildESG’s solutions address the reporting, framework and ratings advisory, data collection and analytics needs of its Fortune 500 and global private equity firm clients. BuildESG serves clients across industries, with certain expertise in the financial services, private equity and energy and power sectors. BuildESG has offices in New York; Greenwich, Conn.; and Berkeley, Calif.To learn more, please contact firstname.lastname@example.org or visit https://buildesg.com.
Sentinel Capital Partners | December 28, 2021
TTG Imaging Solutions, LLC (TTG) announced today a partnership with Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies. The partnership between Sentinel and TTG's management team will drive the company's next phase of growth. Sentinel invests in management buyouts, acquisitions of family businesses, corporate divestitures, industry consolidations, and going-private transactions in the United States and Canada.
TTG was founded by Jack Tomayko in 2004, and has been highly acquisitive in recent years, completing nine transactions across each of its business units since March 2019.
"TTG has achieved significant organic and acquisition growth over the past several years. Our differentiated level of service across all business units, coupled with a customer-centric philosophy, attracts acquisition targets and customers alike."
Matt Mastarone, President and CEO of TTG
Mastarone continued, "It was our goal to find a partner who shared our vision of TTG within the broader medical imaging industry. We aim to provide the highest quality equipment and service and to deliver value to our customers through turnkey staffing and radiopharmaceutical solutions in our end-to-end model. Sentinel is the right partner to help us grow while maintaining our focus on this goal."
"Since its founding, TTG has built a reputation of providing best-in-class services that allow physicians, imaging centers, and hospitals to offer top-quality patient care," said Paul Murphy, a Sentinel Partner. "The TTG team has developed an impressive growth playbook and we are thrilled to provide them the capital and support to significantly expand the business. We look forward to working with TTG's talented team as they enter their next chapter of growth."
The TTG end-to-end Solution is comprised of:
TTG Imaging Solutions – new and refurbished equipment sales, clinical applications support, parts, and nationwide service that help the marketplace extend the useful life of its valuable medical imaging equipment
Cardiac Imaging Solutions – turnkey nuclear, echo, and vascular testing programs that offer physician practices and health systems the flexibility and efficiency of an outsourced model
TTG Isotopes – radiopharmaceuticals that include cardiac imaging agents, custom-compounded iodine therapy, and a complete line of products used in general imaging.
TTG was honored in 2021 by the Pittsburgh Business Times as the fastest growing organization in the region for the $25-$100 million revenue category.
About TTG Imaging Solutions, LLC (TTG)
TTG Imaging Solutions provides a breadth of product and service offerings with its End-to-End Solution. Through organic growth, key partnerships, and targeted acquisitions, TTG delivers solutions to a broad continuum of healthcare providers within the United States. ISO 9001:2015 and ISO 13485:2016 certified in sales, repair, refurbishment, installation, parts, and servicing of medical imaging devices.
About Sentinel Capital Partners
Sentinel specializes in buying and building midmarket businesses in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses with EBITDA of up to $80 million. Sentinel also invests in special situations, including balance sheet restructurings, operational turnarounds, and minority junior capital solutions.