NEWS

Explore news about TruArc Partners and our portfolio companies. Members of the media may email press@truarcpartners.com for more information.

 
 
Sara White Sara White

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.

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Sara White Sara White

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").

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The press releases maintained on this website are for illustrative purposes only to business development contacts. All endorsements and/or testimonials are from current or former portfolio company executives about TruArc’s ability to provide operational support to their companies. In certain cases, the executives are investors or co-investors in TruArc’s vehicles. The executives have not been paid, directly or indirectly, for their testimonial or endorsement but as an investor or co-investor they are inherently incentivized to endorse TruArc. However, nothing herein is intended to constitute investment advice, and no investment decision should be made based on any information provided herein. Past performance is not indicative of future results.

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