Category Archives: General

09Jun/15

Integro Acquires UK’s Kite Warren & Wilson Marine Specialists

New York and London (May 13, 2015) – International insurance broker and risk management firm Integro Ltd. today announced its acquisition of Kite Warren & Wilson Ltd, a London-based insurance brokerage with recognized specialties in marine hull & liability coverage and financial lines.  Financial considerations of the transaction have not been disclosed.

Kite Warren & Wilson (KWW) was formed in 1999. With marine coverage a mainstay as a core offering, KWW has since expanded into the non-marine, financial and professional risk, and energy fields and today provides a broad range of services in retail and wholesale broking.

“Kite Warren & Wilson covers all types of marine transport, and we are delighted in particular at the extraordinary level of expertise in marine hull coverage our new colleagues add to Integro’s extensive marine capabilities,” said Toby Humphreys, Integro’s London chairman. “The KWW team, led by co-founders Tom Wilson and Mark Warren, also enhances Integro’s financial and professional lines capabilities in the UK marketplace.” KWW’s Chairman, Ray Kite, is retiring after 57 years in the industry.

Wilson, a managing principal, sees significant client benefit in the combination of forces: “We were attracted to Integro’s model of bringing together specialty broking operations; it made for a natural fit. What’s more, we look forward to offering our existing clients the broad range of quality expertise and services above and beyond their marine coverage needs that the Integro group provides.  We also relish the opportunity to help drive international growth at this exciting time in Integro’s development.”

In addition to supplementing the firm’s global marine practice offerings, Integro President William Goldstein said the Kite Warren & Wilson acquisition will play an important role in expanding Integro’s global marine capabilities and enhancing service to Integro’s large Marine oriented retail clients. In addition, KWW enjoys a significant presence in Asia thus further expanding Integro’s international footprint.

Integro has been an active acquirer of specialist firms across its platform as it continues to establish itself as a provider of specialty solutions in the insurance brokerage space. Over the past year, Integro added NPA Insurance Broking Group (April 2015); Howard Global Insurance Services (December 2014); Ventura Insurance Brokerage (December 2014); Dominium (November 2014), Stonehouse Conseillers Ltd (August 2014); and Richard Thacker & Company Limited (April 2014).

Integro celebrated its tenth anniversary May 6 and President Goldstein is focused on the firm’s future.  “Kite Warren & Wilson and other recent acquisitions underscore our commitment to being a leading international specialty brokerage firm,” he said.

Source: Integro

09Jun/15

The VMC Group Completes Major Recapitalization and Two Acquisitions

May 19, 2015

The VMC Group (“VMC”), a world leader in innovative shock, seismic, vibration and engineering services, today announced a $32 million minority recapitalization for purposes of refinancing its existing senior and junior debt, and preferred equity securities. Additionally, the Company announced two new acquisitions in furtherance of its plan to become the preeminent seismic and vibration isolation business in the world. VMC secured a new credit facility from East West Bank and attracted Seacoast Capital as a new minority partner and preferred shareholder. VMC acquired Advanced Antivibration Components (AAC) from Designatronics, located in New Hyde Park, NY, as well as a majority control position in Dynamic Certification Laboratories (DCL) of Reno, NV. The recapitalization and acquisitions closed simultaneously on May 8, 2015.

“We are pleased to have completed a deal of this magnitude. It is a tribute to our people and Company to be able to complete these highly complex transactions in one closing,” states John Wilson, Jr., Chief Executive Officer of The VMC Group. “We are excited to have East West and Seacoast as our new partners. They provided the capital necessary to support the acquisitions of AAC and DCL which will accelerate our next stage of growth, specifically in web-based B to B sales and the expansion of our testing and measurements business. East West was a reliable and diligent partner throughout the entire process and Seacoast moved decisively to complete the transaction within the targeted terms and timeframe. These deals, in addition to ramping up our expansion, strengthen our balance sheet and provide capital for future acquisitions. East West and Seacoast share our sense of urgency to execute on our strategy and continue on our quest to become a great company.”

Source: The VMC Group

Cave Creek Capital Closes Investment in Air Waves LLC

October 24, 2016

Cave Creek Capital (“CCCM”) is pleased to announce its investment in Air Waves LLC (“Air Waves”), a leading provider of on demand garment printing and fulfillment services. Air Waves services several major online retailers, including Amazon, Zulily and Walmart.com by offering thousands of creative, high quality apparel products with rapid turnaround time and “mass customization” capabilities unmatched by competitors. As apparel sales move online, Air Waves is uniquely positioned to offer products and services that enable E-tailers to improve their quality, selection and turnaround time for end customers.

CCCM’s recapitalization funded a repurchase of shares from Management, in conjunction with a strong team of investment partners, including Stewart Capital, C3 Capital, and Northwood Ventures. “We are looking forward to expanding our business with the help of our new partners.” said Kyle Kantner, CEO of Air Waves.  “Our new partners can provide the financial resources and strategic and operational assistance we need to continue our 30% annual growth” states Dan Kaiser, Air Waves CFO.

Cave Creek Capital has an extensive track record of successful investments where Founders can gain person