News

GlobeLTR Energy Inc. Announces Strategic Acquisition of West Texas H2O
April 27, 2017

GlobeLTR Energy Inc. (“GlobeLTR” or the “Company”), a portfolio company of affiliates of Clearlake Capital Group, L.P. (“Clearlake”), today announced it has closed the acquisition of West Texas H2O, LLC (together with its affiliates, “WTH2O”), an established Permian Basin based fresh and produced water solutions provider. Financial terms of the transaction were not disclosed.

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ConvergeOne Announces Planned Strategic Acquisition of New York-Based RGTS
April 18, 2017

ConvergeOne, a leading global provider of state-of-the-art communications and data solutions, today announced that it has signed an agreement to acquire Rockefeller Group Technology Solutions (RGTS), a Unified Communications as a Service pioneer based in New York. Required regulatory and government approvals to complete the transaction will occur in the coming weeks.

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Ivanti Acquires Software Optimization Expert Concorde Solutions, Extends IT Asset Management Capabilities
April 12, 2017

Today, Ivanti (backed by Clearlake Capital) announced that it has acquired Concorde Solutions (“Concorde”), a leading provider of SaaS software asset management (SAM) solutions, specializing in managing software licensing complexity in the data center across hybrid IT environments. This acquisition, Ivanti’s ninth in five years, extends the company’s IT Asset Management (ITAM) offerings, providing customers with additional insights and control to help organizations model and improve their effective software license position.

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Clearlake Capital Completes Investment in NetDocuments
March 28, 2017

Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) announced that in partnership with management it has completed the acquisition of NetDocuments (the “Company”), the leading provider of secure cloud-based document management, email management, and collaboration solutions to law firms and corporate legal and compliance departments. Financial terms were not disclosed.

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Futuris Group Acquires Kongsberg Automotive's North American Headrest Business
March 24, 2017

On March 17, Futuris Group completed the purchase of Kongsberg Automotive's North American Headrest/Armrest business subsequently providing a southeastern USA manufacturing presence in Milan, TN for this global automotive, Minority Certified Supplier.

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Clearlake Capital Announces Investment in NetDocuments
March 1, 2017

Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that it has reached a definitive agreement in partnership with management to acquire NetDocuments (the “Company”), the leading provider of secure cloud-based document management, email management, and collaboration solutions to law firms and corporate legal and compliance departments. The Company will continue to be led by Matt Duncan, CEO, and Alvin Tedjamulia, CTO, who will both join the Board of Directors alongside Clearlake. Financial terms were not disclosed.

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GlobeLTR Energy Inc. Closes Private Placement of Class A-1 Common Stock
February 24, 2017

GlobeLTR Energy Inc. (“GlobeLTR”) today announced that it has completed its private placement of 9,800,000 shares (the “Common Stock”) of its Class A-1 common stock (“Class A-1 common stock”) for aggregate consideration of $115 million. J.P. Morgan Securities LLC and Piper Jaffray & Co., through its Simmons & Company International division, served as the placement agents and as the representatives for the initial purchasers in this offering. Houlihan Lokey Capital, Inc. and PPHB Securities, LP served as co-managers in this offering.

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Globe Energy Services and Light Tower Rentals Merge to Form GlobeLTR, a Permian-Based Oilfield Services Provider Sponsored by Clearlake Capital Group
February 24, 2017

Clearlake Capital Group, L.P., (together with certain of its affiliates, “Clearlake”) today announced the formation of GlobeLTR Energy Inc. (“GlobeLTR” or the “Company”) in connection with the merger of two established oilfield services providers in the Permian Basin, Globe Energy Services, LLC (“Globe”) and Light Tower Rentals, Inc. (“LTR”). Financial terms of the transaction were not disclosed.

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Smart Sand, Inc. Prices Public Offering
February 2, 2017

Smart Sand, Inc. (the “Company”) has priced a public offering of 5,950,000 shares of its common stock at $17.50 per share, of which 1,500,000 shares are to be sold by the Company and 4,450,000 shares are to be sold by the selling stockholders named in the registration statement on Form S-1 filed previously with the U.S. Securities and Exchange Commission (“SEC”).

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Clearlake Capital Backed Vision Solutions Announces Sale of Double-Take Software to Carbonite
January 31, 2017

Vision Solutions, Inc. (“Vision”), a global data protection, high availability and IT automation software provider backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), announced today that Double-Take Software, Inc. (“Double-Take”) has been acquired by Carbonite, Inc. (NASDAQ:CARB) (“Carbonite”), a leading provider of cloud and hybrid data protection solutions.

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Smart Sand, Inc. Announces New Capital Projects & Ongoing Contract Discussions
January 30, 2017

Smart Sand, Inc. (NASDAQ: SND) announced today that based on our assessment of increased demand for our products, particularly fine mesh sand, we have decided to increase the wet and dry plant processing capacity at our Oakdale facility in order to produce up to approximately 4.4 million tons of raw frac sand per year.

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LANDESK and HEAT Software Merge to Form Ivanti
January 23, 2017

Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced it has completed the acquisition of LANDESK. In conjunction with the transaction close, LANDESK and HEAT Software announced the two organizations have united under a new corporate name: Ivanti.

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Clearlake Capital to Acquire LANDESK and Combine with Portfolio Company HEAT Software
January 3, 2017

Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that it has signed a definitive agreement to acquire LANDESK from Thoma Bravo. Financial terms of the transaction were not disclosed. As part of the transaction, Clearlake will contribute its portfolio company HEAT Software (“HEAT”) to the new platform investment in LANDESK.

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