Tonka Bay Equity Partners Invests in Professional (Professional Credit & Ensource)

Tonka Bay Equity Partners Acquires Corporate Technologies

July 19, 2023

IT Services

Tonka Bay Equity Partners led a majority buyout of Corporate Technologies, a Minneapolis-based managed IT services provider, partnering with CEO Jim Griffith and junior capital provider Northstar Capital. The seller was North Central Equity; Northstar provided debt and an equity co-investment to support the transaction as Corporate Technologies becomes a platform for add-on growth across multiple U.S. markets.

Professional Credit Acquires "Project Heat" Healthcare Assets from CCMR3

February 14, 2024

Healthcare Services

Professional Credit, a Tonka Bay Equity Partners portfolio company, has closed on "Project Heat," a group of healthcare assets purchased from New York–based CCMR3. The deal is Professional Credit's first add-on acquisition and expands the company's footprint into New York, Iowa, Arizona and nine additional states.

Tonka Bay Equity Partners Sells Engineered Specialty Products (ESP)

January 4, 2023

Manufacturing

Tonka Bay Equity Partners announced the sale of Engineered Specialty Products (ESP), a Kennesaw, Georgia-based provider of pressure and temperature instrumentation. During Tonka Bay’s ownership ESP expanded engineering capabilities, launched proprietary product lines, grew exclusive supplier agreements and completed an add-on acquisition; the buyer was not disclosed in the announcement.

Cove Hill Partners Makes Strategic Investment in Encompass Technologies

February 23, 2022

Cloud & SaaS

Encompass Technologies, a provider of cloud-based ERP, eCommerce, and analytics software for the beverage and food supply chain, has received a strategic growth investment from Cove Hill Partners to support product innovation and accelerate growth. Existing investor Radian Capital will remain a partner as Encompass expands its Connect product family and broader cloud offerings.

Providence Equity Partners Majority Investment in Tenstreet

October 4, 2021

Cloud & SaaS

Funds advised by Providence Equity Partners completed a majority growth investment in Tenstreet, a Tulsa-based provider of driver recruiting SaaS for the trucking industry. Tenstreet co-founder and CEO Tim Crawford will remain an investor and continue to lead the company while existing investor Spectrum Equity retains a significant minority stake; the capital will be used to accelerate product and team growth and to pursue strategic acquisitions.

Longshore Capital Partners Makes Strategic Investment in Professional Recovery Consultants

August 13, 2019

Healthcare Services

Longshore Capital Partners completed a strategic investment in Professional Recovery Consultants (PRC), a Durham, North Carolina-based revenue cycle management and collections services provider serving hospitals, physician groups, government agencies, utilities and financial services clients. Longshore said it will support PRC’s growth through investments in people and technology and pursue strategic add-on acquisitions to expand the business.