News

Melissa Payner Joins Bluefly as Chief Merchandising Officer - Leading eCommerce retailer of designer, contemporary, private label apparel and accessories taps Bluefly veteran to run Merchandising
February 13, 2014

Santa Monica, CA, and New York, NY, February 13, 2014 – Bluefly, Inc. today announced that retail industry veteran and former Bluefly CEO Melissa Payner has rejoined the Company as Chief Merchandising Officer, effective immediately. Bluefly, a leading eCommerce retailer of designer, contemporary and private label apparel and accessories, was acquired by affiliates of Clearlake Capital Group in May 2013.

Read more »

CrunchFund Joins Clearlake on Investment in Bluefly, Inc.; Industry Veteran Jeffrey B. Sherman Joins as Board Advisor
February 12, 2014

Santa Monica and San Francisco, CA, and New York, NY, February 12, 2014 – Bluefly, Inc. today announced that CrunchFund has joined Clearlake Capital Group in its investment in the Company. Terms of CrunchFund’s investment were not disclosed. Separately, Bluefly announced that it has tapped industry veteran Jeffrey Sherman as senior advisor to its Board of Directors. Bluefly, a leading eCommerce retailer of designer, contemporary and private label apparel and accessories, was acquired by affiliates of Clearlake Capital Group in May 2013.

Read more »

Irongate Energy Services Acquires Green Light Energy Services, A Leading Provider Of Rental Services In North Dakota
January 14, 2014

Houston, TX – IronGate Energy Services, a leading provider of rental and tubular services to oil and natural gas exploration and production operators in North America, today announced that is has acquired Green Light Energy Services, a provider of rental services to exploration and production operators in the Williston Basin of North Dakota. Green Light’s rental services provide work string components and also pressure control, completion, and production related equipment and services.

Read more »

Clearlake Operating Advisor, Erik Prusch, Joins NetMotion Wireless as CEO
January 13, 2014

Santa Monica, CA and Seattle, WA – Clearlake Capital Group, L.P. and NetMotion Wireless today announced that wireless industry veteran and Clearlake Operating Advisor Erik Prusch has joined NetMotion as Chief Executive Officer, effective immediately. NetMotion, a leading provider of enterprise mobility management software and solutions, was acquired by affiliates of Clearlake in September 2012. Mr. Prusch succeeds interim CEO and Clearlake Operating Advisor, Chris Gibbons, who will continue to serve as the Chairman of NetMotion’s Board.

Read more »

Clearlake Capital Invests in PrimeSport
January 7, 2014

Atlanta, GA and Santa Monica, CA – PrimeSport, Inc. (“PrimeSport” or the “Company”) and Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that Clearlake has acquired a majority stake in PrimeSport, a leading sports travel and entertainment management company.

Read more »

Clearlake Acquires Tolt Service Group and Forms Tolt Solutions through the Merger with Kyrus Solutions
January 6, 2014

Greenville, SC and Santa Monica, CA – Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced the formation of Tolt Solutions, Inc. (“Tolt Solutions” or the “Company”), a leader in outsourced retail IT services and solutions. Tolt Solutions combines the business operations of Kyrus Solutions, Inc. (“Kyrus”) and Tolt Service Group, which together have more than 50 years of retail IT experience. The Company will employ approximately 900 experienced retail IT consultants and continue to serve over 37,000 customer locations in the United States and Canada.

Read more »