Month: October 2016

Featured Member: Matt Rudnick, Bowen Advisors

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Matt Rudnick
Director of Business Development
Bowen Advisors

How did you end up in your line of business?

A cold call.

How did you first get involved with ACG Boston?

When I first started in finance in ’08 – same year Lehman went under, so the timing was impeccable.

What’s the best advice you’ve ever received?

“Don’t lose momentum” – I met Martin Davis at Wellspring back in 1997 and that was his advice for a soon-to-be college grad.

What is something people don’t know about you?

I play the drums, badly, in my garage (OK maybe the neighbors know).

What is your most satisfying professional accomplishment?

Being on the board of Camp Starfish, a camp for at-risk kids – probably the most rewarding experience and can’t wait to do something like that again.

What is the best vacation you’ve ever had?

Italy for our honeymoon.

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Avante Mezzanine Partners Announces Investment in Spring USA

avantemezzanine_150x75Los Angeles, California – Avante Mezzanine Partners (“Avante”) announced today that it has provided unitranche debt and an equity co-investment to support the acquisition of Spring USA Corporation (“Spring”) by ShoreView Industries (“ShoreView”). Headquartered in Naperville, IL, Spring is a leading designer and provider of highly innovative foodservice equipment for the hospitality sector. Spring was also among the first foodservice companies to commercialize induction heating technology.

“We are excited to partner with Avante in this transaction,” said Adam Reeves, Principal of ShoreView. “We were impressed with their team and with Avante’s ability to provide a flexible capital solution that will foster growth. We look forward to working with them on Spring and future transactions.”

“We are excited to support Spring,” said Jeri Harman, Managing Partner and CEO of Avante. “The company is a market leader in foodservice equipment with a long history of innovation and strong commitment to customer service. We are also pleased to complete our first transaction with ShoreView, a firm with an experienced team and strong track record in industrial and industrial-related businesses.”

“We are also proud to be backing incoming CEO Kristine Holtz and her management team,” said Ivelisse Simon, Partner of Avante. “Kristine and her team are highly accomplished and, together with ShoreView’s deep knowledge of the industry, we are excited about the opportunity ahead.”

Deal Hunters Fall Networking Night | Nov. 3

Connect with New England’s middle-market M&A young professionals at The Warehouse Bar & Grille on Thursday, November 3 for Deal Hunters Fall Networking Night — an evening of drinks & apps you’ll have the opportunity to strengthen your firm’s network of investment community relationships, as well as forge new connections that could be a source of new investment opportunities down the line. We also encourage you to wear a shirt, sweatshirt, hat, etc. featuring your alma mater and meet others who went to the same school or are fans (or rivals)!

Event Details:

Thursday, November 3, 2016
6:00PM – 8:30PM
Warehouse Bar & Grille
40 Broad St. (at Milk) | Boston, MA

Members: $65.00
Non-Members: $95.00

Learn more & register.

Nutter Represents CIRCOR in Acquisition of Critical Flow Solutions

nutter_color_150x75Nutter represented CIRCOR International, Inc. (NYSE: CIR), a leading provider of valves and other highly engineered products for markets including oil & gas, power generation and aerospace & defense, when CIRCOR announced that it has signed a definitive agreement to acquire Critical Flow Solutions (CFS) for $210 million. The Nutter team was led by Business Department partner Adam Ghander with associates Erin Anderman, Tom Powers, and Meghan Kelly. Also working on the transaction were Labor and Employment partner David Rubin, Tax partner Elizabeth Norman and associate Cara Santoro, Antitrust partner Matt Ritchie, Environmental specialist Gary Gill-Austern, Executive Compensation and Benefits specialist Crescent Moran Chasteen, Real Estate associate Jeff Vigliotti, and Intellectual Property associates Derek Roller and Santiago Velez.

Read more.

Talking Politics at Work: Should You Speak Your Mind?

roberthalf_color_150x75The 2016 political season is in full swing. And because it’s a presidential election year with larger-than-life candidates, there’s an added layer of interest. So, is discussing politics at work still taboo, or has it become more acceptable in the age of social media, when it can feel like everyone is talking about it?

The answer somewhat depends on your audience, according to an Accountemps survey Regardless of how you would answer this question, political conversations are going to find their way into the workplace between now and November — and beyond.

Should you or shouldn’t you jump in?

Read more to find out.

This article is provided courtesy of Robert Half, parent company of Accountemps, Robert Half Finance & Accounting and Robert Half Management Resources. Robert Half is the world’s first and largest specialized staffing firm placing accounting and finance professionals on a temporary, full-time and project basis. For career and management advice, follow our blog at blog.roberthalf.com.

Virgin Pulse CEO & PTC VP of Corp Dev Join Internet of Things Company Expo | Oct. 27

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ACG Boston is bringing together a variety of companies affecting the Internet of Things (IoT) landscape that will showcase products and services that are changing the way people connect with their homes, cars, workplaces, devices and more for a new kind of networking experience: a company expo where you’ll get to connect with the companies and get hands-on experience with their products and services that are harnessing the innovative power of IoT to impact people’s lives.

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The event will kick off with a fireside chat about the transformative influence of IoT across industries, the deal environment, market trends, and future areas of growth between Chris Boyce, CEO, Virgin Pulse, Eric Goodness, VP Research of the Internet of Things team at Gartner, Inc., Iain Michael, Corporate Vice President, Corporate Development, PTC, and Matt Rudnick, Director of Business Development, Bowen Advisors.

Then, during the networking reception, you’ll have the chance to move about the room and connect with management from companies across multiple industries that are taking leadership positions in IoT, as well as test out their products and services.

Event Details

Thursday, October 27, 2016
4:00PM – 7:00PM
Boston Harbor Hotel
70 Rowes Wharf | Boston, MA

Members: $95.00
Young Professional Members: $75.00
Non-Members: $145.00

Learn more and register here.

Audax Group Closes Senior Loan Fund III with $1.6 Billion of Investable Capital

audaxgroup_150x150Audax Group (“Audax”), a leading alternative asset management firm specializing in investments in North American middle market companies, today announced the successful final close of Audax Senior Loan Fund III (“SLF III” or “the Fund”) at its hard cap of $500 million of committed equity. SLF III was oversubscribed and exceeded its fundraising target of $400 million of equity. The Fund will employ modest leverage, utilizing a credit facility of over $1.1 billion in commitments, bringing the total investable capital of the Fund to over $1.6 billion.

Read more.