Velocity Global Acquires iWorkGlobal; FFL Partners Invests $100M in Velocity Global

Evergreen Coast Capital Makes Strategic Growth Investment in WorkForce Software

July 1, 2019

Cloud & SaaS

WorkForce Software, a Livonia, Michigan-based provider of cloud workforce management solutions, received a significant equity investment from affiliates of Evergreen Coast Capital, which will become an equal partner with existing majority investor Insight Partners. The growth investment is intended to accelerate international expansion, product innovation, and scale the company’s customer experience; terms were not disclosed.

When I Work Acquires Lean Financial

July 11, 2023

Payments & Fintech

When I Work, a leading workforce management platform for shift-based businesses, has acquired fintech startup Lean Financial to integrate on-demand pay and other financial products for hourly and flex workers. The acquisition expands When I Work's capabilities to offer financial solutions (including instant pay and cash advances) aimed at improving retention and financial wellbeing for hourly workers.

H.I.G. Growth Partners Invests in Worksuite

August 14, 2023

Cloud & SaaS

H.I.G. Growth Partners, the growth-capital affiliate of H.I.G. Capital, has completed a strategic growth investment in Worksuite, an end-to-end freelancer operations management cloud platform. The funding will support Worksuite's product and go-to-market expansion as it scales its contingent workforce management, compliance, and payments capabilities for enterprise customers.

Globalization Partners Raises $150M Minority Investment

February 4, 2020

Staffing & HR

Globalization Partners Inc. closed a $150 million minority equity investment led by funds managed by Wincove Private Holdings and TDR Capital, with participation from Sands Capital. The capital will be used to accelerate the company’s growth — including investments in client services, technology development, sales, and global expansion of its employer-of-record platform.

Navisite Acquires Velocity Technology Solutions

January 6, 2021

Cloud & SaaS

Navisite, backed by Madison Dearborn Partners, has acquired Velocity Technology Solutions, a global cloud managed service provider headquartered in Charlotte, North Carolina. The acquisition expands Navisite’s managed cloud and enterprise application (ERP) capabilities — adding Velocity’s VCAMP platform, ERP application expertise and broader public-cloud managed services to Navisite’s portfolio.

Wind Point Partners Acquires Velocity Rail Solutions

November 25, 2024

Transportation

Wind Point Partners, a Chicago-based private equity firm, has completed a corporate carveout and acquired Velocity Rail Solutions, a provider of mission-critical locomotive services across North America. Wind Point will partner with Velocity management to invest in organic growth and pursue strategic add-on acquisitions to expand the company's rail-related services.