NEWS
Explore news about TruArc Partners and our portfolio companies. Members of the media may email press@truarcpartners.com for more information.
Snow Phipps Group Acquires Prototek
Prototek is a leading national provider of high precision machining and sheet metal fabrication for rapid prototyping and low volume production services across a variety of end markets, including aerospace, defense, medical, robotics, electronics, consumer, telecommunications and general industrial.
ZSi-Foster, an Ideal Tridon Company, Completes Acquisition of Hydra-Zorb
Bringing Together the Leaders in Pipe, Hose and Tube Clamping
Brook & Whittle Announces Acquisition of Label Impressions
Transaction Expands Brook & Whittle's Geographic Presence to the West Coast
Brook & Whittle Expands Shrink Sleeve Label Capability
Transaction Further Enhances Brook & Whittle's Leading Position in Shrink Sleeve Labels
Velocity Financial Announces $45 Million Equity Offering and Financing Amendments
Velocity Financial, Inc. (NYSE: VEL), (the "Company," "Velocity," "we" or "our") today announced that it has reached an agreement to issue and sell $45 million of Series A Convertible Preferred Stock and warrants to purchase shares of the Company's common stock to investment funds affiliated with Snow Phipps Group, LLC ("Snow Phipps") and TOBI III SPE I LLC ("TOBI").
Snow Phipps Completes Sale of Kele
Since acquiring Kele in October 2015, Snow Phipps has invested significantly in the Company and completed several add-on acquisitions. During that time, the Company has greatly expanded its digital platform, transformed its relationships with key supply partners and expanded into new geographies and end markets.