News

Clearlake Capital Announces Formation of Mission WEST, Provider of Complete Oilfield Water Management Solutions
October 23, 2014

Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") and oilfield industry veteran Steve Hardwick today announced the formation of Mission WEST, Inc. ("Mission WEST" or the "Company"), which provides tailored, complete and longterm oilfield water management solutions to customers in North America.

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Irongate Energy Services Acquires Sun Tubular Services, Expanding its Presence in the Permian Basin
October 15, 2014

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 it has acquired Sun Tubular Services, a provider of rental services to exploration and production operators in the Permian Basin.

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Sage Automotive Interiors Acquired by Clearlake Capital Group
October 9, 2014

Clearlake Capital Group (Clearlake) and Sage Automotive Interiors (Sage) announced today that Clearlake has acquired Sage, the second largest automotive textile supplier in the world. Sage management invested alongside Clearlake in the transaction. Financial terms of the transaction were not disclosed.

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Clearlake Capital Group Acquires AmQuip, a Leader in Crane Rental and Lifting Solutions
October 7, 2014

AmQuip Holdings LLC (the "Company") and Clearlake Capital Group, L.P. ("Clearlake") today announced that Clearlake has completed its acquisition of AmQuip from a consortium of investors including Altpoint Capital Partners LLC. AmQuip is a leading provider of manned and bare rental lifting solutions to the North American energy, industrial, and other end markets. Financial terms of the transaction were not disclosed.

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Futuris Opens New Automotive Components Manufacturing Facility and Design Center in North America
September 11, 2014

Futuris Automotive ("Futuris"), a leading global automotive components supplier, today announced the expansion of its North American business with the opening of a new manufacturing facility and design center in Newark, CA, one of several such facilities planned as part of Futuris’ growth and investment strategy in North America. Futuris’ Newark facility is 160,000 square feet, and includes state-of-the-art, vertically integrated equipment to manufacture automotive seating and interior systems. It will also include a design and craftsmanship studio as well as testing, validation and quality centers, and is expected to grow quickly to circa 400 employees.

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Clearlake Capital Backed Tolt Solutions Acquires the Unity Managed Network Services Division from iPass
July 1, 2014

Tolt Solutions, Inc. ("Tolt"), backed by Clearlake Capital Group, L.P. ("Clearlake"), today announced that it has acquired the Unity Managed Network Services division ("Unity"), a leading provider of retail and distributed enterprise network design, implementation, and managed services, from iPass Inc. As a result of the acquisition, Tolt will now offer managed network and security services to its extensive retail customer base.

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Clearlake Capital Group Completes Acquisition of ConvergeOne
June 18, 2014

Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") and ConvergeOne today announced that Clearlake has completed the acquisition of ConvergeOne, a leading independent provider of innovative communications solutions and managed services to enterprises globally. Terms were not disclosed.

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John Walker Named President of PrimeSport
June 10, 2014

PrimeSport, Inc. ("PrimeSport" or the "Company") today announced that John Walker has agreed to join the Company as President. PrimeSport, backed by Clearlake Capital Group, L.P. ("Clearlake"), is the leader in providing direct access to the biggest sporting events on the planet, offering tickets, travel, hospitality, and VIP experiences for corporations, professional sports teams and fans. Sam Soni will continue to lead PrimeSport as Chief Executive Officer.

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Clearlake Capital Backed MYCOM Software Business Acquires OSI to Help Communications Service Providers Deliver and Manage Network Services
June 3, 2014

TM Forum Live!, Nice, France – 3rd June 2014 – MYCOM software business, the leading independent provider of carrier-grade Service and Network Performance solutions, today announced that it has acquired OSI, a leading Fault Management and Service Impact provider, to extend and enhance its market leading Service Assurance product portfolio for Communications Service Providers (CSPs). MYCOM is backed by Clearlake Capital Group, a private investment firm. Terms of the transaction were not disclosed.

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Clearlake Capital to Acquire ConvergeOne
May 14, 2014

Santa Monica, CA, May 14, 2014 – Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") today announced that it has reached a definitive agreement to acquire ConvergeOne (the "Company"), a leading independent provider of innovative communications solutions and managed services to enterprises globally.

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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.

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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.

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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.

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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.

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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.

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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.

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