Nautic Partners is a private equity firm focused on leveraged buyout investments in middle market companies across a range of industries that includes healthcare, industrial products, and outsourced services.
The firm, which is based in Providence, Rhode Island, United States, was founded in 1986 as Fleet Equity Partners, a subsidiary of Fleet Bank.[1] Initially, Fleet Equity Partners invested in private equity exclusively on behalf of the bank. However, beginning in 1993, the team began to accept outside investors. In 2000, Nautic Partners was formed as an independent private equity firm with the majority of its capital for its fifth investment vehicle provided by outside investors. Fleet remained a minority investor.
Among the firm's notable investments are Prince Sports,[2] Fibertech,[3] Big Train Coffee[4] and R2C Group.[5] The firm was also previously the owner of Skyline Chili.[6] Its healthcare investments include All Metro Health Care, Gaymar and Family Physicians Group.[7]
In 2010, the firm sold medical device company Medegen to CareFusion.[8]
In 2015, the firm acquired Source4Teachers, a New Jersey provider of outsourced substitute teacher services.[9]
In March 2020, Nautic acquired Harrington Industrial Plastics in partnership with Harrington management.[12]
In December 2021, Blackstone Group acquired a minority ownership interest in Nautic Partners. [13]
Referencesedit
^Nunes, Philip (11 January 2016). "Nautic Partners, LLC ("Nautic") Has Completed a Successful Fund Raise of $900 million for Its Eighth Fund". businesswire.com. Retrieved 11 March 2016.
^Nautic Partners and management acquires Prince Sports. AltAssets, Aug 13, 2007
^Fibertech Switches Private Equity Owners. New York Times, August 26, 2010
^Nautic Partners acquires Big Train company. AltAssets, May 3, 2006
^Gabrielson, Courtney (27 March 2019). "Nautic Partners Raises $1.5B For Its Ninth Fund". www.bizjournals.com. Retrieved 4 January 2024.
^*Investment Fund Offers $23 million for Skyline Chili. New York Times, September 27, 1997
nautic, partners, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, june, 202. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Nautic Partners news newspapers books scholar JSTOR June 2022 Learn how and when to remove this template message Nautic Partners is a private equity firm focused on leveraged buyout investments in middle market companies across a range of industries that includes healthcare industrial products and outsourced services Nautic PartnersCompany typePrivateIndustryPrivate equityFounded1986HeadquartersProvidence Rhode Island United StatesProductsLeveraged buyoutTotal assets 2 0 billionNumber of employees20 Websitewww nauticpartners comHistory editThe firm which is based in Providence Rhode Island United States was founded in 1986 as Fleet Equity Partners a subsidiary of Fleet Bank 1 Initially Fleet Equity Partners invested in private equity exclusively on behalf of the bank However beginning in 1993 the team began to accept outside investors In 2000 Nautic Partners was formed as an independent private equity firm with the majority of its capital for its fifth investment vehicle provided by outside investors Fleet remained a minority investor Among the firm s notable investments are Prince Sports 2 Fibertech 3 Big Train Coffee 4 and R2C Group 5 The firm was also previously the owner of Skyline Chili 6 Its healthcare investments include All Metro Health Care Gaymar and Family Physicians Group 7 In 2010 the firm sold medical device company Medegen to CareFusion 8 In 2015 the firm acquired Source4Teachers a New Jersey provider of outsourced substitute teacher services 9 In 2016 Nautic acquired Endries International from Ferguson Enterprises selling the company to MSD Partners in December 2018 10 11 In March 2020 Nautic acquired Harrington Industrial Plastics in partnership with Harrington management 12 In December 2021 Blackstone Group acquired a minority ownership interest in Nautic Partners 13 References edit Nunes Philip 11 January 2016 Nautic Partners LLC Nautic Has Completed a Successful Fund Raise of 900 million for Its Eighth Fund businesswire com Retrieved 11 March 2016 Nautic Partners and management acquires Prince Sports AltAssets Aug 13 2007 Fibertech Switches Private Equity Owners New York Times August 26 2010 Nautic Partners acquires Big Train company AltAssets May 3 2006 Gabrielson Courtney 27 March 2019 Nautic Partners Raises 1 5B For Its Ninth Fund www bizjournals com Retrieved 4 January 2024 Investment Fund Offers 23 million for Skyline Chili New York Times September 27 1997 Companies Archive Nautic Retrieved 2019 02 10 Nautic Partners Sells Medegen to CareFusion New York Times 19 May 2010 Archived from the original on 24 May 2010 Retrieved 4 January 2024 Noto Anthony 24 April 2015 Houghton Mifflin Grows Services With Education Tech Deal Mergers amp Acquisitions Retrieved 28 April 2015 Bergenheim Chris 18 May 2017 Nautic to acquire Endries International Providence Business News Retrieved 4 January 2024 Nautic Partners Sells Endries International to MSD Partners Wall Street Journal 11 December 2018 Retrieved 4 January 2024 Nautic Partners Announces Acquisition of Harrington Industrial Plastics in Partnership With Management Bloomberg com 2020 03 03 Retrieved 2020 03 17 Oguh Chibuike December 14 2021 Blackstone takes stake in private equity firm Nautic Partners sources Reuters Retrieved January 7 2024 External links editNautic Partners company website nbsp nbsp This article about a private equity or venture capital firm based in the United States is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Nautic Partners amp oldid 1212197631, wikipedia, wiki, book, books, library,
