Tag Archives: Mergers and Acquisitions

Gulftech Acquires ABL S.p.A. – Announces Expansion into Fresh Cut Produce Market

DENVER, Colo. /ScoopCloud/ -- Gulftech International, Inc. ("Gulftech") based in Denver, Colorado, USA, announced today that it has completed the acquisition of ABL S.p.A. ("ABL" or the "Company"). The Gulftech family of companies are the world's recognized leaders in the engineering, manufacture, lease, sale and service of industrial equipment and components serving many of the world's most important food production and processing companies.

ABL, headquartered in Cavezzo, Modena, Italy, is a global leader in the design, manufacture and servicing of fruit processing equipment.

Founded in 1978, by Carlo Ascari and with a minority participation of the private equity fund NEIP III (ITAGO), the Company has earned an outstanding reputation as a market leader in the fresh cut produce market. Committed to innovation and dedicated to customer relationships, ABL has a long history of providing high quality machinery with extraordinary customer service.

"ABL's award-winning innovative designs, outstanding product quality and reputation as a family owned and operated business in the fruit processing industry made them a very attractive integration for Gulftech," said Steven Ferrell, CEO of Gulftech. "The investment in ABL represents an important expansion of Gulftech's capabilities, significantly growing our presence in the fresh cut market segment. We could not be more excited to partner with Carlo, Daniela, Luca and the entire ABL organization. Together, we will provide customers a broader portfolio of products and services, and deeper engineering capabilities for future product development."

"Being a family-owned business, partnered with their extensive experience in the development, manufacture and service of food processing equipment, Gulftech is a perfect partner for ABL, my family, our management team, our employees and our customers," said Carlo Ascari, Founder of ABL. "We are proud of what we have built over the last 40 years and are excited to be a part of Gulftech and its family of companies."

The Ascari family and NEIP III (ITAGO) have been assisted by Corus Corporate Finance S.p.A. as financial advisor and Pavia & Ansaldo as legal advisor, while Gulftech has been advised by Jones Day and Deloitte.

Additional information on ABL can be found on its website at https://www.abl-fruit-machinery.com/ while further information on Gulftech and its family of companies can be found on its website at https://www.gulftech.com.

Gulftech International, Inc. ("Gulftech") based in Denver, Colorado, USA, announced today that it has completed the acquisition of ABL S.p.A. ("ABL" or the "Company"). The Gulftech family of companies are the world's recognized leaders in the engineering, manufacture, lease, sale and service of industrial equipment and components serving many of the world's most important food production and processing companies.

Related link: https://www.gulftech.com/

The Solaris Group, LLC Joins Klingenstein Fields

NEW YORK, N.Y. /ScoopCloud/ -- The Solaris Group (Solaris), a New York-based wealth advisor and investment consultant to non-profit organizations, today announced that it is joining KF Group LP, an affiliate of Klingenstein Fields Wealth Advisors (KFWA), a complementary wealth advisor also based in New York.

Together, the combined firm will have over $4 billion in assets under management. Under the terms of the transaction, both firms will benefit from shared investment, human, technology, and physical resources.

Solaris co-founders Ralph D. Sinsheimer, Albert C. Bellas, and Stephen Brent Wells will continue in senior positions at the combined firm and will continue to manage Solaris client portfolios and relationships. They will work closely with Kenneth D. Pollinger, CEO and Co-Chairman of KFWA, James W. Fields, President of KFWA, Kenneth H. Fields, a founding partner, Co-Chairman and Chief Investment Officer of KFWA, and other investment professionals at KFWA.

"The resources of the combined firm will enable us to serve our clients even more effectively with the same high level of integrity, professionalism, objectivity, discretion and accountability that Solaris has always delivered," said Steve Wells.

"KFWA's investment, technology and wealth planning resources are very complementary to Solaris' capabilities and will help us enhance what we deliver to our clients," added Albert Bellas.

"Ensuring the ongoing continuity of Solaris' wealth management practice and consulting to non-profit institutions so that we can continue to help our clients accomplish their short-term, legacy and philanthropic goals is of paramount importance to us," stated Ralph Sinsheimer.

More information: https://solarisgroupllc.com/ and http://www.klingenstein.com/

The Solaris Group (Solaris), a New York-based wealth advisor and investment consultant to non-profit organizations, today announced that it is joining KF Group LP, an affiliate of Klingenstein Fields Wealth Advisors (KFWA), a complementary wealth advisor also based in New York.

Related link: https://solarisgroupllc.com/

Klingenstein Fields Wealth Advisors Acquires Assets of The Solaris Group LLC

NEW YORK, N.Y. /ScoopCloud/ -- Klingenstein Fields Wealth Advisors (KFWA), a leading independent wealth advisor based in New York, today announced the acquisition, through its affiliate KF Group LP, of the assets of The Solaris Group, LLC (Solaris), a complementary New York-based wealth advisor. Together, the combined firm will have over $4.0 billion in assets under management.

Under the terms of the transaction, both firms will benefit from shared physical, investment, human, and technology resources. Kenneth D. Pollinger, CEO and Co-Chairman of KFWA, and James W. Fields, President of KFWA, will maintain their roles with the combined entity. Kenneth H. Fields, a founding partner of KFWA, will continue as Co-Chairman and Chief Investment Officer.

Solaris co-founders Ralph Sinsheimer, Albert Bellas, and Stephen Brent Wells will continue in senior positions at the combined firm and will continue to manage Solaris client portfolios and relationships.

"With this transaction, KFWA solidifies its position as one of the top independent Registered Investment Advisers in the country, with a commitment to delivering high-quality wealth management and personalized service," said Kenneth D. Pollinger. "We identified Solaris as an institution with a high caliber of experienced wealth management professionals who share the same client-centric approach to relationship management and stewardship of their clients' assets. We are excited and look forward to the future, with clients from both KFWA and Solaris benefiting from the enhanced resources and capabilities offered."

James W. Fields added, "The addition of Solaris allows KFWA to expand its range of investment management solutions, with Solaris' deep expertise in the creation of multi-manager asset allocation portfolios that include traditional 'long-only' asset classes as well as alternative investments."

More information: http://www.klingenstein.com/.

Klingenstein Fields Wealth Advisors (KFWA), a leading independent wealth advisor based in New York, today announced the acquisition, through its affiliate KF Group LP, of the assets of The Solaris Group, LLC (Solaris), a complementary New York-based wealth advisor. Together, the combined firm will have over $4.0 billion in assets under management.

Related link: http://www.klingenstein.com

Best Friends Pet Hotel Announces ESOP Acquisition Led by Mosaic Capital Partners, Becoming the Largest Employee-Owned Pet Care Company

NORWALK, Conn. /ScoopCloud/ -- Best Friends Pet Hotel, a national operator of pet hotels with 30 locations throughout the United States offering boarding, grooming, doggy day camp, training and retail services at each of its locations, announced today its Employee Stock Ownership Plan, or ESOP, acquisition led by Mosaic Capital Partners.

With this ESOP transaction, Best Friends has become the largest employee-owned company in the Pet Care industry. Jared Pinsker, CEO of Best Friends remarked. "Our people are our most critical assets. They devote themselves tirelessly to ensuring pets and pet owners have a wonderful experience at our facilities. As we continue to build on our tremendous relationships with guests and pet parents, to be able to have our employees now own the business through the ESOP is a wonderful outcome and opportunity for us. We could not be more excited."

Ian Mohler, who led the transaction for Mosaic, agreed, "We feel tremendously fortunate to have the opportunity to partner with Best Friends. The pet services sector is extremely attractive as people increasingly see pets as extensions of their human families and spend accordingly. With a 20+ year operating history, Best Friends has a wonderful legacy in the communities it serves owing to the many, many passionate employees who have such incredible dedication to their clientele. We feel we have backed the best-in-class operator in this highly fragmented industry."

Industry veteran Reed Howlett joined the partnership as an investor and Board Member. No stranger to the attractive trends in the pet sector, Reed most recently served as CEO of Nature's Variety, an early mover in the natural and raw pet food category.

As an ESOP, Best Friends Pet Hotel has also become a member of Certified Employee-Owned (Certified EO). To become a member of Certified EO, companies must pass a rigorous certification process and prove significant and broad-based employee ownership.

Employee-ownership is a critical foundation of the Best Friends Pet Hotel culture. Employees treat pet guests like family and take the time to cater to each individual pet's personalized need. Best Friends Pet Hotel has "Friendly staff that care for your furry family members as if they were their own," pet parent Denise B. from Best Friends Pet Hotel in Avon, Connecticut commented about her most recent visit.

Employee-ownership strengthens the connection to the local communities in which Best Friends Pet Hotel operates, fosters financially savvy employees, and empowers employees to think and act like owners. This results in an engaged workforce and happy pets and pet parents alike - as the success of Best Friends Pet Hotel benefits both the company and employee alike. The ESOP provides a substantial retirement benefit to all eligible, full-time employees. In turn, this results in sustainable financial success that benefits the local community.

About Best Friends Pet Hotel:
Founded in 1995, Best Friends Pet Hotel has enjoyed "leader of the pack" status for the past 24 years, as one of the largest privately-held independent pet care providers in the United States. With 30 locations, providing customers with the absolute best pet care in a convenient and friendly atmosphere where safety, comfort, and fun are at the core of what we do. We offer boarding, Doggy Day Camp, grooming, and training services. Learn more at https://www.bestfriendspetcare.com/.

About Mosaic Capital Partners, LLC:
Mosaic Capital Partners, LLC ("Mosaic") is a private equity firm investing in privately held middle market companies. Based in Charlotte, NC, Mosaic employs private equity buyout strategies that incorporate the partners' unique expertise in Employee Stock Ownership Plans (ESOPs). Mosaic aims to help business owners achieve liquidity, wealth transfer and ownership transition with its PE-ESOP product

About Certified Employee-Owned:
To learn more about Certified EO, visit https://www.certifiedeo.com/.

VIDEO (YouTube): https://youtu.be/_FVyq2_SKrs

Media Contact:
Julia Geffner
Chief Customer Officer
Best Friends Pet Hotel
203-750-5220
jgeffner@bestfriends.net

*PHOTO links for media:
[1] https://www.Send2Press.com/300dpi/19-0604s2p-bfph-leaders-300dpi.jpg
Caption: Best Friends Pet Hotel Center Manager Leadership Team and Employee Owners.

[2] https://www.Send2Press.com/300dpi/19-0604s2p-bfph-campers-300dpi.jpg
Caption: Doggy Day Campers having a great time!

Best Friends Pet Hotel, a national operator of pet hotels with 30 locations throughout the United States offering boarding, grooming, doggy day camp, training and retail services at each of its locations, announced today its Employee Stock Ownership Plan, or ESOP, acquisition led by Mosaic Capital Partners.

Related link: https://www.bestfriendspetcare.com/

EPIC Acquires Book of Business of Brokers Insurance Mart, Inc. (BIM)

LIVERMORE, Calif. /ScoopCloud/ -- EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that it acquired in an asset sale the book of business of Brokers Insurance Mart, Inc. (BIM) on April 15, 2019.

Founded in 1974, Livermore, Calif.-based BIM specializes in providing Auto, Homeowners, Renters, Small Commercial, Personal and Commercial Umbrella, and RV/Boat policies, as well as Mechanical Breakdown insurance.

BIM is led by owner and principal Mitch Carter, who will remain with EPIC in a consulting capacity to assist with the transition of current BIM clients into EPIC's Personal Insurance/Private Client Services operations.

Said Mitch Carter, "BIM has proudly and successfully served the needs of our California clients for 45 years. In making this transition it was extremely important to find a partner who shares our client-focused beliefs and values and a commitment to service excellence. EPIC is just such a partner, and our clients will only benefit from their 'people first' philosophy and access to EPIC's broad, comprehensive, industry-leading services and support."

About EPIC:

EPIC is a unique and innovative retail property and casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence.

EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC now has more than 1,800 team members operating from 80 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs and Private Client solutions to EPIC clients.

With run rate revenues greater than $575 million, EPIC ranks among the top 15 retail insurance brokers in the U.S. Backed and sponsored by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country.

For additional information, including inquiries about employment, please visit https://www.epicbrokers.com/.

EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that it acquired in an asset sale the book of business of Brokers Insurance Mart, Inc. (BIM) on April 15, 2019.

Related link: https://www.epicbrokers.com/

Multi-Flow Industries, LLC is pleased to announce the acquisition of Draft Beer Services of Atlanta, Georgia

PHILADELPHIA, Pa. /ScoopCloud/ -- Following the acquisition of Lenox Martell (Boston) in 2017, Total Systems Control and Jordan's Draft Services (Pittsburgh) and Main Street Beverage (Philadelphia) in 2018 and now Draft Beer Services of Atlanta, Multi-Flow is able to offer a full range of beverage dispensing and service solutions to its customers in seven new markets.

These include: customized draft beer installations, liquor control systems, specialty beer line cleaning, soda and juice dispensing systems and all of the quality soda & juice products required to run these systems.

Edward Merry, President and COO of Multi-Flow Industries states that, "Draft Beer Services is a well-established beverage service company focusing on the draft beer industry, doing business in Georgia, North Carolina, Alabama and Tennessee, with a systematic beer line cleaning program and customized draft beer and liquor control system installations. With Multi-Flow as the independent leader in bag-in-the-box soda-syrup and juice production and DBS as the distinct Southeast leader in beer system installation and service; it is a most-perfect marriage."

He adds, "We will be sharing expertise in both directions and we will be incrementally rolling out the DBS products and services in Multi-Flow's 15-operating divisions and offering Multi-Flow's premium juice and soda programs to DBS's extensive customer base."

This dynamic combination will give Multi-Flow a significantly broader geographical reach and will allow Multi-Flow to pursue a much more diverse and larger customer base. In addition, we are continuing to search for other strategic acquisitions that will round out our offerings and allow us to maximize our services and growth.

About Multi-Flow Industries:

Multi-Flow Industries has a dynamic 85-year history of producing high-quality, diverse beverage products, providing state of the art dispensing systems and delivering exceptional customer and associate care. In addition to being a full service fountain beverage company, we also offer private labeling and contract manufacturing. Our customer base would include any away-from-home eating establishment including restaurants, bars, caterers, sports venues, theme parks, convenience stores, and institutional customers like hospitals, nursing homes, correctional facilities and military establishments.

The company's product lines include a wide array of juices, fortified waters, sodas, cane-sugar sodas, energy drinks, and thickened water, bar mixes, iced tea, lemonade and coffee. We have over 250 quality items to serve our customers with; including national brands. We service our customers through distributors and through our growing network of 15-service centers east of the Mississippi. Multi-Flow Industries is owned by a group of private investors and managed by Falconhead Capital of New York City.

Learn more at: http://multiflow.net/

For additional information, please contact Ed Merry at Edward.Merry@multiflow.net.

Following the acquisition of Lenox Martell (Boston) in 2017, Total Systems Control and Jordan's Draft Services (Pittsburgh) and Main Street Beverage (Philadelphia) in 2018 and now Draft Beer Services of Atlanta, Multi-Flow is able to offer a full range of beverage dispensing and service solutions to its customers in seven new markets.

Related link: http://multiflow.net/

National Lending Industry Leaders, Residential Capital Partners and 2020 REI Group, Join Forces

DALLAS, Texas /ScoopCloud/ -- Residential Capital Partners is pleased to announce the acquisition of 3L Finance. As a part of the acquisition, Residential Capital Partners is pleased to be the national hard money and rental finance lending partner to 2020 REI Group.

Paul Jackson of Residential Capital stated, "We are excited about the opportunity to serve the 3L Finance customer base going forward and join forces with the 2020 REI Team." Both Residential Capital Partners and 3L Finance have been leaders in the single-family rehab financing space for more than 10 years.

Richard Morgan of Residential Capital believes, "the impact of both teams coming together with a borrower-based service platform will afford the combined team with a great opportunity to grow and reach more customers."

3L Finance was founded by Tim Herriage as a subsidiary of his 2020 REI Group to facilitate and relate to the real estate investor in the field. "We have always loved facilitating and partnering with investors as they pursue their goals through the real estate investment process. Residential Capital Partners gives us the ability to expand our reach and impact to this community," said Herriage.

With the acquisition, Residential Capital Partners will continue its growth as a leading hard money and rental finance lender with a national scope.

More information can be found at: https://residentialcapitalpartners.com/

About Residential Capital Partners:

Residential Capital Partners is a leading hard money lender with a national scope. We understand the demands of the 1 to 4 family residential purchase and rehabilitation process. We encourage our customers to enroll in our pre-approval process so that we can move swiftly through the property application when the opportunity is present.

Residential Capital Partners is pleased to announce the acquisition of 3L Finance. As a part of the acquisition, Residential Capital Partners is pleased to be the national hard money and rental finance lending partner to 2020 REI Group.

Related link: https://residentialcapitalpartners.com/

seriesOne Acquires Dynamo Development to Accelerate its Global Expansion Efforts and Bring Software Development In-House

NEW YORK, N.Y. /ScoopCloud/ -- seriesOne Inc., a leading global digital security fundraising platform led by leaders with over 20 years of traditional investment banking, venture capital and technology experience, today announced its acquisition of Dynamo Development, a custom software development company with a mature engineering team based in the Ukraine. The acquisition enables seriesOne to expand and strengthen its in-house technology development capabilities, to accelerate the delivery of solutions for issuers and react to market demands with the support of an additional 40 engineers.

Dmitry Grinberg, former CEO of Dynamo Development, will oversee the in-house technology division in his new role as the Global Head of Technology for seriesOne.

"For the past five years, Dynamo Development has been a trusted, strategic development partner who has enhanced both seriesOne's offerings and our capability in the digital security fundraising space," said Michael Mildenberger, CEO of seriesOne. "Now is an opportune time to bring our development team in-house as we expand our solutions to issuers and investors in Europe and Asia, and provide them with a growing list of products and services."

"seriesOne was among our most important customers and the opportunity to join them as they expand in the digital security space is significant to our team," said Grinberg "We have developed specific fintech expertise through a long association with clients such as seriesOne and other financial clients such as Prime Trust and Citibank. We're looking forward to continuing to contribute to the growth of seriesOne."

To learn more about seriesOne, please visit: https://seriesone.com/

About seriesOne:
seriesOne is a leading blockchain based FinTech company formed by industry veterans with decades of expertise across technology, investment banking, venture capital, and financial compliance. The firm enables digital security offerings by providing a combination of key technology, strategic consulting, regulatory compliance, fundraising infrastructure and access to a network of investors worldwide. All seriesOne services are designed to comply with applicable securities regulations, enabling companies to register, market, and escrow their fundraising initiatives.

seriesOne Inc., a leading global digital security fundraising platform led by leaders with over 20 years of traditional investment banking, venture capital and technology experience, today announced its acquisition of Dynamo Development, a custom software development company with a mature engineering team based in the Ukraine.

Related link: https://seriesone.com/

Tyto Athene LLC Expands Intelligence Community Offerings by Acquiring Island IT Consultants

HERNDON, Va. /ScoopCloud/ -- Tyto Athene, a market leader in solving complex operational challenges by making information securely available across myriad technologies worldwide for government customers, backed by Arlington Capital Partners, has announced today its acquisition of Island Information Technology Consultants (IITC).

This acquisition strengthens Tyto Athene's capabilities in the Intelligence Community and in core capabilities across the platform within the integrated information visualization and multimedia spaces for command and control environments.

The addition of IITC marks the latest development in Tyto Athene and Arlington Capital Partners strategy of building a mid-market mission critical technology solutions and services business serving government customers. The strategy sees the company combining its understanding of government customer mission with core and edge based innovative technologies, services, and solutions to ultimately deliver better information faster thereby enabling faster, better, and more reliable decision making anywhere.

"Tyto believes that ubiquitous access to the right information delivered at the right time especially in the furthest most edges of the enterprise, is paramount to mission success," said Jeff Murray, Tyto Athene CEO. "Decisions are made where information is consumed and therefore assuring information is presented in consistent and reliable ways is paramount to our client's success. The combination of Tyto Athene and IITC enables us to create significantly greater value in our client's decision making capabilities and processes. IITC brings tremendous capabilities, people, values, and mission awareness that combined can be used across the entire Tyto Athene portfolio to create better outcomes for our customers."

Dennis Powell, Founder and CEO of IITC, said, "We are excited about this relationship, and we believe it will enable IITC to take the next step in development and growth. Tyto Athene and IITC share the same attitude toward customer support and employee welfare that has helped us to become successful in the space we currently support and has obviously been the formula for success for Tyto Athene as well. I believe this union can only enhance what we can do for each other, our employees, and our customers. We look forward to what the future holds."

Michael Lustbader, a Managing Partner at Arlington, said, "We have been very impressed with the organization that Dennis, Patti, Matt, and Matthew have built serving a highly demanding customer. We are excited about the combination of IITC with Tyto Athene and believe both businesses share the same intense focus on the customer and mission. This focus will allow the combined business to continue driving value for all of the Company's stakeholders."

About Tyto Athene:

Tyto Athene is a full service systems integrator focused on helping clients accelerate their ability to make decisions by providing ubiquitous and secure access to enterprise information throughout their operating environment. Tyto Athene uses a myriad of technologies, innovative thinking, and proven processes to deliver successful outcomes for its clients worldwide. To learn more about Tyto Athene please visit: https://gotyto.com/.

About IITC:

Island Information Technology Consultants ("IITC") are leaders in the field of large enterprise Unified Communication and collaboration services. IITC's Architects, Engineers and Technicians are experts in all areas of Audio, Video, Streaming, VTC, Telephony, and Instant Messaging / Chat Services. IITC can develop, install, and maintain an enterprise level Audio Video Multimedia (AVMM) solution to empower employees to communicate effectively and seamlessly reducing or eliminating expensive travel excursions. IITC prides itself in offering experienced and well-trained staff with the breadth of capabilities and depth of experience needed to completely support their clients.

As a company, IITC averages over twenty years of experience in areas such as:
* Systems Engineering,
* Information Technology (IT) program and project management,
* Systems Administration,
* Audio Video Multimedia,
* Enterprise Management Systems (EMS) Integration and Deployment,
* Network, and Communications Engineering.

About Arlington Capital Partners:

Arlington Capital Partners is a Washington, D.C.-area private equity firm that has managed $2.2 billion of committed capital via four investment funds, including Arlington's fourth and most recent $700 million fund. Arlington is focused on middle market investment opportunities in growth industries, including: government services and technology, aerospace/defense, healthcare, and business services and software.

The firm's professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company's position as leading competitors in their field. Learn more: http://arlingtoncap.com/.

Tyto Athene, LLC, a market leader in solving complex operational challenges by making information securely available across myriad technologies worldwide for government customers, backed by Arlington Capital Partners, has announced today its acquisition of Island Information Technology Consultants (IITC).

Related link: https://gotyto.com/

IT Partners Names Industry Veteran Josh Hauser Chairman of its Board of Directors

TAMPA, Fla. /ScoopCloud/ -- IT Partners, a trusted adviser in the data and security space, today announced it has named industry veteran Josh Hauser as the Chairman of the Board of Directors, joining a team that possesses a long list of business and military success.

The IT industry is currently experiencing a significant consolidation; the larger firms are looking to capture market share through acquisition of smaller local and regional companies, opening up a massive opportunity for growth surrounding these mergers.

IT Partners' goal is to acquire numerous companies in the areas of Cyber Security, Managed Services, Cloud Services, VOIP, Security and Surveillance, Project Management, IT Infrastructure, Data Center Facilities, and Software/App Development to eliminate redundancies and create rapid growth.

Hauser joins the IT Partners team as an experienced executive with demonstrated success in driving profitable growth with a wide range of industrial electronic products in the international arena.

"Our entire Board is thrilled to have Josh as at the helm of our board," stated Thomas Bedell, Acquisitions Manager of IT Partners. "We possess an incredible potential for growth, and along with our existing team, we are on an upward trajectory towards great success."

In addition to Hauser, IT Partners' Board of Directors include:
* Will Lassalle, a global IT and Information/Cyber Security executive, known for creating order in chaos;
* Jaclyn Cannon, who serves as an IT Operations and Maintenance Director for an aerospace test organization;
* Frank Quintana, BI consultant and data architect;
* George Cannon, experienced test pilot and business leader;
* Gore Bolton, an engineer turned investor and business engineer;
* Alberto Washington, Managing Director at Oberon Securities and Founder of Mercury Americas; and,
* Mark Coppa, a senior business leader with nearly three decades of experience.

"I am honored to be part of such a prestigious and proven team," stated Hauser. "We have a lot of work to do over the coming months and years, but am profoundly confident in the abilities of our Board and broader IT Partners team to become the ultimate leaders in this space quickly."

About IT Partners:

IT Partners is an M&A investment group based in in Tampa, Florida that purchases and nurtures tech companies and technologies throughout the United States. They look for hidden gems with owners who are ready to leave a lasting legacy for their clients, employees, and family by partnering with a group that has their best interests at its core; IT Partners' unique approach is to create a partnership that gives the seller two opportunities to exit: now to free up capital and pursue other interests, and a second to continue to participate, even in retirement.

Learn More About IT Partners at: https://itpartners.us.com/

IT Partners LLC, a trusted adviser in the data and security space, today announced it has named industry veteran Josh Hauser as the Chairman of the Board of Directors, joining a team that possesses a long list of business and military success.

Related link: https://itpartners.us.com/

EPIC Holdings Inc. Closes Acquisition of Integro USA

SAN FRANCISCO, Calif. /ScoopCloud/ -- EPIC Holdings, Inc. today announced the closing of EPIC's acquisition of Integro Holdings Inc. (substantially all of the U.S. operations of Integro Group Holdings). Please see our press release issued on December 17, 2018 that follows for more details and comments on the transaction.

EPIC HOLDINGS TO ACQUIRE INTEGRO USA

SAN FRANCISCO and NEW YORK, Dec. 17, 2018 -- EPIC Holdings, Inc. today announced an agreement to acquire Integro Holdings Inc., which houses substantially all of the U.S. operations of Integro Group Holdings, LP.

Founded in 2005, Integro has built a highly successful specialty insurance brokerage and consulting business in the U.S. with revenue in excess of $150 million. Financial terms of the proposed transaction have not been disclosed.

Integro USA brings to EPIC expertise that is well aligned with EPIC's diverse insurance distribution platform.

Areas of emphasis include:

Entertainment & Sports: focus in music & events; theatre & venues; film, TV & media; sports associations & amateur sports; and racing & motor sport.

Specialty: leading provider of insurance brokerage services to Professional Services Firms (accountants, lawyers, hedge funds, asset managers, architects & engineers) and Transportation & Logistics businesses.

Risk Management/Complex Accounts: deep technical services for the Fortune 500 and complex risk accounts.

Middle Market Accounts: property/casualty, employee benefits, and private client services for small to medium sized companies and individuals

Employee Benefits Consulting: expertise for mid to large employer groups as well as unique services for the private equity sector.

Integro USA is led by Marc Kunney, President of North America Operations. The acquisition will add over 400 team members working across 22 US locations.

Kunney commented on the transaction, "Joining forces with EPIC allows us to continue offering our clients the highest level of service and expertise, while providing depth and scale to further invest in our combined capabilities."

Pete Garvey, EPIC Insurance Brokers & Consultants CEO and a founder and former CEO of Integro Ltd., noted, "I know firsthand what a high quality group Integro is. We can't be more delighted to have their U.S. team join forces with EPIC."

Steve Denton, President of EPIC Holdings Inc. added, "EPIC and Integro USA fit together perfectly with common themes including a passion for client service and delivering specialty capabilities supported by actionable analytics."

The transaction is expected to close in January 2019.

The financial advisor for EPIC was Rob Giammarco at Bank of America Merrill Lynch and their legal advisor was Chris Machera at Weil, Gotshal & Manges, LLP. The financial advisor for Integro was Stuart Britton at Evercore and their legal advisor was Paul Kukish at Latham & Watkins, LLP.

About EPIC

EPIC Holdings, Inc. is the corporate parent overseeing investments across the entire EPIC platform. EPIC currently has nearly 1,400 team members operating from 50 offices across the U.S. and annual revenues over $440 million.

EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence. EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

Backed by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country.

For additional information, please visit: https://www.epicbrokers.com/.

About Integro USA

Launched in 2005, Integro is among the nation's largest and most respected insurance brokerage and risk management firm. Clients credit Integro's superior technical abilities and creative, collaborative work style for securing superior program results and pricing. The firm's acknowledged capabilities in brokerage, risk analytics and claims are rewriting industry standards for service and quality. The firm's U.S. headquarter office is located at 1 State Street Plaza, 8th Floor, New York, NY 10004. 1-877-688-8701.

For additional information, please visit: https://www.integrogroup.com/.

EPIC Holdings, Inc. ('EPIC') today announced the closing of EPIC's acquisition of Integro Holdings Inc. (substantially all of the U.S. operations of Integro Group Holdings). Please see our press release issued on December 17, 2018 that follows for more details and comments on the transaction.

Related link: https://www.epicbrokers.com/

CityView Commercial LLC has purchased Southlake Mall in Atlanta, Ga.

MORROW, Ga. /ScoopCloud/ -- New York based CityView Commercial LLC, led by Jimmy Khezrie and Jack Friedler, has purchased Southlake Mall in Atlanta, Georgia. Jacobs REA led by Sholom Jacobs partnered with CVC in this transaction.

Southlake Mall is a two-level mall consisting of approximately 1,015,984 square feet of gross leasable area located in the City of Morrow, Clayton County, Georgia.

The property is located at the intersection of Interstate 75 and Jonesboro Road (SR 54), with excellent frontage along Interstate 75, the main thoroughfare connecting the Morrow area to nearby downtown Atlanta.

The property boasts strong tenant sales with a vibrant lineup of national inline tenants and a high-volume Macy's. New additions such as H&M, Forever 21 RED, and Chime Solutions have reinforced Southlake Mall's position in the market.

CityView Commercial (CVC) is the real estate arm for the Jimmy Jazz retail chain which owns and operates more than 200 stores in 18 states. CVC focuses on value-add retail assets and has the unique ability to add their stores to their assets.

CVC owns and has successfully turned around assets in New York City, Jersey City, N.J., Philadelphia, Pa., Easton Pa., Baltimore, Md., Philadelphia, Pa., Easton, Pa., Charlotte N.C., Savannah Ga., Dallas Texas, St. Louis, Mo., Memphis Tenn., and Detroit Michigan.

For more information visit: http://cityviewcommercial.com/

New York based CityView Commercial LLC, led by Jimmy Khezrie and Jack Friedler, has purchased Southlake Mall in Atlanta, Georgia. Jacobs REA led by Sholom Jacobs partnered with CVC in this transaction. The property boasts strong tenant sales with a vibrant lineup of national inline tenants and a high-volume Macy's.

Related link: http://cityviewcommercial.com

Almost Heaven Saunas, one of the Leading Sauna Manufacturers in the U.S. is Acquired by Harvia

HOLLAND, Mich. /ScoopCloud/ -- Almost Heaven Saunas is being acquired by Harvia, the leading sauna heater and component manufacturer. Harvia Oyj, has announced that it is purchasing U.S. sauna manufacturer, Almost Heaven Saunas. This acquisition will enable Harvia to offer better and more extensive service to its customers in North America and provide Almost Heaven Saunas with added products and resources to continue its growth in the consumer sauna business.

Almost Heaven Saunas was established in 1978 and has seen rapid growth in recent years. The company manufactures thousands of saunas each year with 2018 sales volume exceeding $10 million. The company employs approximately 40 people and has a sales office and product showroom in Holland, Michigan and manufacturing facilities in Renick, West Virginia.

"The acquisition of Almost Heaven Saunas is a significant step in developing our business in North America. Almost Heaven Saunas has been Harvia's client since 2013. The company's growth has been strong in the last few years, which combined with the work done with our other clients and distributors has resulted in positive sales development for Harvia in North America," says Tapio Pajuharju, CEO of Harvia.

According to Almost Heaven Sauna president, Rick Mouw, "This acquisition is a wonderful opportunity for Almost Heaven Saunas. To be a part of the Harvia Group aligns us with a truly great global sauna company. We can continue our growth with the added resources and expertise that Harvia provides, while at the same time supporting and servicing Harvia's other distribution channels in North America."

The transaction is expected to be complete by January 2019.

Learn more: https://almostheaven.com/

Almost Heaven Saunas is being acquired by Harvia, the leading sauna heater and component manufacturer. Harvia Oyj, has announced that it is purchasing U.S. sauna manufacturer, Almost Heaven Saunas. This acquisition will enable Harvia to offer better and more extensive service to its customers in North America and provide Almost Heaven Saunas with added products and resources to continue its growth in the consumer sauna business.

Related link: https://almostheaven.com/

Paragon Insurance Holdings, LLC Acquires Argo Landscapers Program

AVON, Conn. /ScoopCloud/ -- Paragon Insurance Holdings, LLC, a national multi-line specialty program manager, today announced it has contracted with Argo Group International Holdings, Ltd. to assume MGA responsibilities for Argo's Landscape Contracting program, effective January 1, 2019.

"The Landscapers program aligns well with our other growth businesses," said Ron Ganiats, CEO of Paragon Insurance. "We look forward to expanding the program through additional resources and investment."

Steve Hartman ran the program at Argo and with the sale, he has joined Paragon. Hartman is located in Fresno, California. The business will be managed as part of Paragon's western states operations reporting into San Diego. The addition of the program and Hartman are part of a larger strategy that will see Paragon launch new programs and underwriting facilities from the company's expanding San Diego operations.

The sale of the program enables Argo to simplify operations and focus efforts on other strategic growth opportunities within its U.S. business.

Any inquiries can be directed to Andrew Petersen at Paragon Insurance Holdings in San Diego: Email apetersen@paragoninsgroup.com or Cell 415-317-4978

About Paragon:

A broadly diversified MGA and Specialty Program Manager, Paragon provides unique opportunities and solutions to retail agents, insurance carriers, reinsurers and vendor partners. Please visit https://www.paragoninsgroup.com/ for additional information.

About Argo Group International Holdings, Ltd.:

Argo Group International Holdings, Ltd. (NYSE: ARGO) is an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in two primary segments: U.S. Operations and International Operations. Argo Group's insurance subsidiaries are A.M. Best-rated 'A' (Excellent) (third highest rating out of 16 rating classifications) with a stable outlook, and Argo Group's U.S. insurance subsidiaries are Standard and Poor's-rated 'A-' (Strong) with a positive outlook. More information on Argo Group and its subsidiaries is available at https://www.argolimited.com/.

REF: ( NYSE:ARGO )

Paragon Insurance Holdings, LLC, a national multi-line specialty program manager, today announced it has contracted with Argo Group International Holdings, Ltd. to assume MGA responsibilities for Argo's Landscape Contracting program, effective January 1, 2019.

Related link: https://www.paragoninsgroup.com/

EPIC Holdings Inc. to Acquire Integro USA

NEW YORK, N.Y. /ScoopCloud/ -- EPIC Holdings, Inc. today announced an agreement to acquire Integro Holdings Inc., which houses substantially all of the U.S. operations of Integro Group Holdings, LP. Founded in 2005, Integro has built a highly successful specialty insurance brokerage and consulting business in the U.S. with revenue in excess of $150 million. Financial terms of the proposed transaction have not been disclosed.

Integro USA brings to EPIC expertise that is well aligned with EPIC's diverse insurance distribution platform. Areas of emphasis include:

Entertainment & Sports: focus in music & events; theatre & venues; film, TV & media; sports associations & amateur sports; and racing & motor sport.

Specialty: leading provider of insurance brokerage services to Professional Services Firms (accountants, lawyers, hedge funds, asset managers, architects & engineers) and Transportation & Logistics businesses.

Risk Management/Complex Accounts: deep technical services for the Fortune 500 and complex risk accounts.

Middle Market Accounts: property/casualty, employee benefits, and private client services for small to medium sized companies and individuals

Employee Benefits Consulting: expertise for mid to large employer groups as well as unique services for the private equity sector.

Integro USA is led by Marc Kunney, President of North America Operations. The acquisition will add over 400 team members working across 22 U.S. locations.

Kunney commented on the transaction, "Joining forces with EPIC allows us to continue offering our clients the highest level of service and expertise, while providing depth and scale to further invest in our combined capabilities."

Pete Garvey, EPIC Insurance Brokers & Consultants CEO and a founder and former CEO of Integro Ltd., noted, "I know firsthand what a high quality group Integro is. We can't be more delighted to have their US team join forces with EPIC."

Steve Denton, President of EPIC Holdings Inc. added, "EPIC and Integro USA fit together perfectly with common themes including a passion for client service and delivering specialty capabilities supported by actionable analytics."

The transaction is expected to close in January 2019.

The financial advisor for EPIC was Rob Giammarco at Bank of America Merrill Lynch and their legal advisor was Chris Machera at Weil, Gotshal & Manges, LLP. The financial advisor for Integro was Stuart Britton at Evercore and their legal advisor was Paul Kukish at Latham & Watkins, LLP.

About EPIC

EPIC Holdings, Inc. is the corporate parent overseeing investments across the entire EPIC platform. EPIC currently has nearly 1,400 team members operating from 50 offices across the U.S. and annual revenues over $440 million.

EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence. EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

Backed by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country. For additional information, please visit https://www.epicbrokers.com/.

About Integro

Integro is an international insurance brokerage and risk management firm. Clients credit Integro's superior technical abilities and creative, collaborative work style for securing superior program results and pricing. The firm's acknowledged capabilities in brokerage, risk analytics and claims are rewriting industry standards for service and quality.

Launched in 2005, Integro and its family of specialty insurance and reinsurance companies, some having served clients for more than 150 years, operate from offices in the United States, Bermuda, and the United Kingdom.

Its U.S. headquarter office is located at 1 State Street Plaza, 8th Floor, New York, NY 10004. 1-877-688-8701. Information: https://integrogroup.com/.

EPIC Holdings, Inc. today announced an agreement to acquire Integro Holdings Inc., which houses substantially all of the U.S. operations of Integro Group Holdings, LP. Founded in 2005, Integro has built a highly successful specialty insurance brokerage and consulting business in the U.S. with revenue in excess of $150 million.

Related link: https://www.epicbrokers.com/

JenCap Holdings LLC to Acquire Risk Innovations, a Specialty Insurance Business

ATLANTA, Ga. /ScoopCloud/ -- JenCap Holdings LLC (JCH), a specialty insurance business, announced today that it has agreed to acquire privately-held Risk Innovations LLC, a specialty wholesale insurance broker based in Atlanta, Georgia. Financial terms were not disclosed.

"Risk Innovations has specialized in worker's compensation since its inception and was a strategic target for JenCap," commented John F. Jennings, President and Chief Executive Officer of JCH. "Bruce Peddle and his team have built one of the few highly successful wholesale distribution platforms for worker's compensation and we are excited to help them expand that operation within JenCap."

Risk Innovations was founded in 2002 and has been led by Bruce Peddle since then.

JenCap Holdings (JCH) was formed in March 2016 by global alternative asset manager The Carlyle Group and JCH management to consolidate specialty insurance distribution businesses, including managing general agents, program managers and transactional wholesale brokers. The acquisition of Risk Innovations is the eighth transaction by JCH since its founding, and places the company among the largest wholesale brokers in the U.S.

Bruce Peddle, President of Risk Innovations stated, "We are very excited about the opportunities that the strategic partnership with JenCap will provide. By utilizing established JenCap divisions, carriers and agency partners, Risk Innovations will further expand our programs, markets and capabilities nationwide."

Marsh, Berry & Company, Inc. served as financial advisors to Risk Innovations.

About JenCap Holdings LLC:

JenCap Holdings is a premier national specialty insurance distribution platform that includes program management businesses, managing general agencies, specialty program underwriters and transactional wholesale brokers. JenCap Holdings has assembled a management team with the sector insight and experience to drive organic growth and strategic acquisitions leveraging technology and advanced data analytics. JenCap Holdings is headquartered in New York.

About Risk Innovations, LLC:
Risk Innovations is a specialty wholesale insurance broker based in Atlanta, Georgia with another office located in Kansas City, Mo. Risk Innovations was founded in 2002 and is one of the premier worker's compensation insurance distribution platforms in the country.

For more information on JenCap, visit: http://jencapholdings.com/

JenCap Holdings LLC (JCH), a specialty insurance business, announced today that it has agreed to acquire privately-held Risk Innovations LLC, a specialty wholesale insurance broker based in Atlanta, Georgia. Financial terms were not disclosed.

Related link: http://www.jencapholdings.com/

EPIC Buys Direct Retail Wine Industry Business From Paragon Insurance Holdings

SAN FRANCISCO, Calif. /ScoopCloud/ -- EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today the purchase of a retail wine industry book of business from Managing General Agency (MGA) Paragon Insurance Holdings LLC. The accounts in question came to Paragon in the fall of 2017 when they acquired wine industry specialist John Sutak Insurance Brokers, along with two winery programs from the Argo Group.

The purchase underscores EPIC's commitment to further growing their wine industry client relationship and becoming a leading provider of risk management and insurance services to wineries across the country.

Said EPIC Wine Industry Practice Leader Michael McNulty, "Given our roots in California and the West, we have long served grape growers, wine producers and others in the business across the region. The addition of Paragon's direct retail wine industry clients is a true 'win, win, win' for all involved.

"EPIC further grows and strengthens an important area of specialty, Paragon sharpens their focus on their core MGA and Programs business, and the wineries in question gain the strong representation, industry expertise, service excellence, and aggressive client advocacy that have been hallmarks of EPIC since our founding."

Michael McNulty can be reached at michael.mcnulty@epicbrokers.com or 415-356-3909.

About EPIC:

EPIC is a unique and innovative retail property and casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence.

EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC now has more than 1,400 team members operating from 50 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs and Private Client solutions to more than 20,000 clients.

With run rate revenues greater than $400 million, EPIC ranks among the top 20 retail insurance brokers in the U.S. Backed by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country.

For additional information, please visit https://www.epicbrokers.com/.

EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today the purchase of a retail wine industry book of business from Managing General Agency (MGA) Paragon Insurance Holdings LLC. The accounts in question came to Paragon in the fall of 2017 when they acquired wine industry specialist John Sutak Insurance Brokers, along with two winery programs from the Argo Group.

Related link: https://www.epicbrokers.com/

EPIC Acquires Not-For-Profit and Social Services Specialist Total Management Corporation (TMC)

MELVILLE, N.Y. /ScoopCloud/ -- Total Management Corporation (TMC) and EPIC Insurance Brokers & Consultants, a unique and innovative national retail insurance brokerage and employee benefits consulting firm, announced today that EPIC has acquired the assets, employees and operations of TMC.

Based in Melville, NY with a second office in Manhattan, TMC has created customized, specialty programs for Not-For-Profit & Social Services Organizations and a range of other industries for more than 50 years.

The addition of TMC further strengthens EPIC's own commitment to the Non-Profit and Community Services sectors and adds 19 new team members to EPIC's rapidly growing operations in the Northeast Region and across the country.

Since EPIC's founding in 2007, the firm has built a strong, positive reputation nationally for service excellence, innovation, community involvement, collaboration, and having fun - all in the interest of being a "people first" (clients and team members) organization.

Said Phil Bilello of TMC, "We are very happy and excited to join the EPIC organization. Our team will be able to leverage EPIC's national platform to further expand our business and deliver additional products, services and resources to all clients we serve, particularly those in the Not-For-Profit & Social Services space."

Upon joining EPIC, the business will operate as TMC Group - a Division of EPIC and TMC's leadership will play an active role within EPIC's Northeast Region.

Said Tom O'Neil, Northeast Region President of EPIC, "Across more than 50 years the team at TMC has established a reputation as innovative specialists, trusted advisors and aggressive client advocates. They are an outstanding addition to our own 'people first' organization and culture and we are excited to welcome them into the EPIC family."

About TMC Group - a Division of EPIC:

Total Management Corporation (TMC) provides customized risk management, property & casualty insurance, and life and health insurance solutions to individuals and businesses in the Real Estate, Construction and Hospitality industries with a particular emphasis on the needs of Not-For-Profit and Social Service organizations.

For more than five decades, TMC's experienced, client-focused advisors have provided expert personal assistance and creative, cost-effective solutions, delivering strong value and needed results.

About EPIC:

EPIC is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence. EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC now has more than 1,400 team members operating from offices across the U.S., providing Property & Casualty insurance, Employee Benefits Consulting, Specialty Programs and Private Client solutions to more than 40,000 clients.

With run rate revenues of more than $400 million, EPIC is now the 15th largest retail insurance broker in the United States. Backed by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country.

For additional information, please visit https://www.epicbrokers.com/

Total Management Corporation (TMC) and EPIC Insurance Brokers & Consultants, a unique and innovative national retail insurance brokerage and employee benefits consulting firm, announced today that EPIC has acquired the assets, employees and operations of TMC.

Related link: https://www.epicbrokers.com/

Capital Auto Group Acquires Chrysler Dodge Jeep Ram of Indian Trail

RALEIGH, N.C. /ScoopCloud/ -- The rapidly growing Capital Auto Group recently acquired Chrysler Dodge Jeep Ram of Indian Trail as their newest store addition. Capital Auto Group has been a thriving brand since 1985, boasting 17 impressive stores, reaching communities throughout North Carolina.

Displaying a 26,000 square foot building and state of the art design, Capital Chrysler Dodge Jeep Ram of Indian Trail is ready to serve their customers throughout the Charlotte, Matthews, Fort Mill, and Concord areas of North Carolina. Continuing in excellent service and sales, the Indian Trail store will offer great deals on a wide variety of new and preowned vehicles as well as commercial vehicles in a no-pressure environment, with a straight-forward, experienced, and well-trained staff.

"This acquisition continues with the forward-moving trajectory of the Capital Auto Group, and I'm pleased to welcome Indian Trail to our group," remarked Charles Hutto, General Manager of Capital Chrysler Dodge Jeep Ram of Indian Trail. "The new store will be quite visible in the greater Charlotte area and will offer the same outstanding sales and service that our group has offered for over 3 decades. We continue to stand by our name and fine reputation."

Capital Auto Group has a wide variety of locations with numerous new and preowned vehicles to choose from. Their locations include Raleigh, Cary, Greensboro, Winterville, Rocky Mount, Wilmington, Charlotte, Durham, Chapel Hill, and more.

In addition to engaging in Giving Back to Union County through various events and involvement in the Humane Society, Chrysler Dodge Jeep Ram of Indian Trail has been an honored recipient of the Customer First Award for Excellence. The dealership plans to continue in community involvement in Union County and, as always, providing the highest level of customer service.

For more information about Capital Auto Group please visit their website: https://capitalautogroup.com/about-us

The rapidly growing Capital Auto Group recently acquired Chrysler Dodge Jeep Ram of Indian Trail as their newest store addition. Capital Auto Group has been a thriving brand since 1985, boasting 17 impressive stores, reaching communities throughout North Carolina.

Related link: https://capitalautogroup.com/

The Seidel Diesel Group Acquires Associated Fuel Injection of Modesto, California

BOLINGBROOK, Ill. /ScoopCloud/ -- The Seidel Diesel Group has acquired the assets of Associated Fuel Injection of Modesto, California, and the business will continue to operate out of the current Modesto facility. This brings SDG's total number of fuel shops to ten.

"This acquisition provides the Seidel Diesel Group with a great opportunity to serve customers in the Northern California region," said Paul Thoms, President. "We are excited to expand our presence on the West Coast."

Associated Fuel Injection has been serving customers in Northern California since 1982. They have served the automotive, heavy duty, agricultural, industrial and marine markets, specializing in diesel fuel injection parts, repair, diagnostics and exchange units for diesel systems and turbochargers.

The location also repairs and services pumps and injectors for popular applications such as Cummins, Isuzu, John Deere, Caterpillar, Navistar, UD, Detroit, Hino and Kubota. Associated Fuel Injection is also a Factory Authorized Service Dealer for: Bosch, Denso, Delphi, Ambac, Alliant Power, Stanadyne, Yanmar and Zexel.

"Our new affiliation with the Seidel Diesel Group will allow us to service our agricultural customers even better than before. This new alliance also opens up opportunities with many other types of customers in the central California region," states Mike Baer, AFI's prior owner.

About The Seidel Diesel Group:

The Seidel Diesel Group is comprised of Midwest Fuel Injection Service, Metro Fuel Injection Service, Pacific Fuel Injection Service, International Fuel Injection Service, Action Truck Parts and Diesel Service Center. The Seidel Diesel group was founded in 1981 and there are 14 operating entities in eight states. The Seidel Diesel Group has established itself as one of the leading suppliers of new and remanufactured diesel fuel injection components, turbochargers, diesel fuel additives and diesel engine components in the United States. The Seidel Diesel Group is headquartered in Bolingbrook, Ill.

More information: https://seideldieselgroup.com

The Seidel Diesel Group has acquired the assets of Associated Fuel Injection of Modesto, California, and the business will continue to operate out of the current Modesto facility. This brings SDG's total number of fuel shops to ten.

Related link: https://seideldieselgroup.com/

EPIC Acquires Alternative Asset Management Industry Specialist Vanbridge LLC

NEW YORK, N.Y. /ScoopCloud/ -- Vanbridge, LLC, a specialty insurance intermediary, program management, and risk advisory services business, and EPIC Insurance Brokers & Consultants, a unique and innovative national retail insurance brokerage and employee benefits consulting firm, announced today that EPIC has acquired the assets, employees and operations of Vanbridge.

Headquartered in New York, N.Y., Vanbridge provides products and services at the intersection of the insurance, private equity and hedge fund industries. Vanbridge focuses on alternative asset management, corporate and individual high net worth clients; solving risk related issues utilizing insurance and alternative capital.

EPIC is already the 9th largest privately owned insurance broker in the nation, before the addition of Vanbridge, which adds an additional 45 team members to the firm. EPIC has built a strong, positive reputation nationally for service excellence, innovation, community involvement, collaboration, and having fun - all in the interest of being a "people first" (clients and team members) organization.

Said Philip V. Moyles, Jr., Managing Principal & CEO of Vanbridge, "I am very pleased to be joining the EPIC organization. I believe that Vanbridge will be able to leverage the EPIC platform to expand its business on behalf of Alternative Asset Managers. I have known John Hahn and Pete Garvey for a long time and they understand what it takes to drive value for this clientele. I look forward to working with them and the EPIC team."

Upon joining EPIC, the business will operate as Vanbridge - an EPIC Company. Vanbridge's leadership team will play vital, active roles within the larger, integrated EPIC organization. Phil Moyles has been appointed Executive Vice President and will report to Peter Garvey, CEO of EPIC Insurance Brokers & Consultants. Moyles will also become a member of EPIC's Executive Committee. He will continue to lead the Vanbridge operations as a part of EPIC.

Said Garvey, "The team at Vanbridge has established their business as the innovative specialist serving the sophisticated needs of the alternative asset management industry. Having known Phil well for some time, I'm confident his strong relationships, depth of knowledge, and leadership, combined with our own expanding capabilities, will propel EPIC to a leadership position within this important segment."

Added John Hahn, CEO of EPIC Holdings, "Phil and his team have built a unique set of programs, products and services for an increasingly important segment of the financial services industry. I've spent the majority of my career in the wholesale sector - working with both property & casualty insurance products and Broker General Agency life insurance products - and fully understand how important it is to respect and serve all distribution channels. Given EPIC's range of offerings in our Specialty Programs and Products group, we offer Vanbridge and their partners the perfect fit for and support of their distribution model with retail brokers."

Cozen O'Connor, LLP, led by partners Martin Schrier and Jess Alexander, served as EPIC's legal advisor. John Kraska of Dowling Hales and Michael Hasbland of Drinker Biddle, represented Vanbridge in the transaction.

About Vanbridge - an EPIC Company:

Vanbridge is an insurance intermediary and program management business that provides products and services at the intersection of the insurance, private equity and hedge fund industries. Vanbridge focuses on alternative asset management, corporate and individual high net worth clients; solving risk related issues utilizing insurance and alternative capital. Vanbridge's unique structuring and plan design techniques support various client objectives including cost reductions and enhancements to investment strategies that strengthen long-term financial performance. Information: https://www.vanbridge.com/.

In addition, as a life insurance, executive benefit and financial advisory wholesale distribution business, Vanbridge consults for advisors and agents around the country. Vanbridge serves the high net worth, family office, hedge fund, corporate, private equity, RIA, legal, accounting, broker dealer and insurance firms as an objective specialist providing sophisticated consulting services that create a strategic foundation for estate, personal, executive benefits, and business planning. This operation is headquartered in Boca Raton, Fla. Information: http://www.vbiservices.com/.

About EPIC:

EPIC is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence. EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC now has more than 1,400 team members operating from offices across the U.S., providing Property & Casualty insurance, Employee Benefits Consulting, Specialty Programs and Private Client solutions to more than 30,000 clients.

With run rate revenues of more than $400 million, EPIC is now the 15th largest retail insurance broker in the United States. Backed by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country. For additional information, please visit: https://www.epicbrokers.com/.

Vanbridge, LLC, a specialty insurance intermediary, program management, and risk advisory services business, and EPIC Insurance Brokers & Consultants, a unique and innovative national retail insurance brokerage and employee benefits consulting firm, announced today that EPIC has acquired the assets, employees and operations of Vanbridge.

Related link: https://www.epicbrokers.com/

Magic City Ford Celebrates 80 Years and Expands with Acquisition and Addition of Chevrolet, Buick, GMC, Chrysler, Dodge, Jeep, and RAM Brands

ROANOKE, Va. /ScoopCloud/ -- Magic City Ford is celebrating its 80th year in business by announcing the acquisition of Alleghany Motors in Covington, Va. This expansion and multi-million-dollar investment from Magic City into the Alleghany Highlands will expand Magic City's presence, create dozens of new jobs, and give Magic City customers access to 7 additional great brands for both sales and service.

The two additional locations in Covington will offer Chevrolet, Buick, and GMC - and separately Chrysler, Dodge, Jeep, and RAM.

Magic City will now operate 4 dealerships in Roanoke, Lexington, and Covington and offer new Ford, Lincoln, Chevrolet, Buick, GMC, Chrysler, Dodge, Jeep, and RAM vehicles to customers. The Chevrolet store in Covington opened last month and has had tremendous success. The new Magic City Chrysler Dodge Jeep Ram store will open in late August and is already receiving new inventory daily.

Magic City now represents virtually every American brand and bestselling vehicles such as the Ford F-150, Jeep Wrangler, Chevrolet Tahoe, and too many others to count. Magic City will stock more than 900 new and pre-owned vehicles across their locations offering customers a wide selection of vehicles and the MagicCityAutoGroup.com website will ship nationwide.

"Our business has been built on customer satisfaction for four generations. We're so excited to expand into the Alleghany Highlands and to offer these great brands to our existing Magic City customers," said dealer principal, Cameron Johnson.

The newly formed "Magic City Auto Group" will offer 9 brands across 4 locations in Roanoke, Lexington, and Covington.

About Magic City Auto Group:

Magic City Auto Group is a fourth-generation family dealership that's been serving consumers in the Roanoke, Virginia area since 1938. Their dealer principal is Cameron Johnson, the great grandson of the company's founder Harry Johnson Sr.

The Johnson family has sold more than 100,000 Ford vehicles and their flagship Ford stores have received numerous industry awards over the years including the prestigious President's Award from Ford once again for 2017.

For more information, visit: https://www.magiccitychevrolet.com/, https://www.magiccitycdjr.net/, or http://www.magiccityautogroup.com/.

Magic City Ford is celebrating its 80th year in business by announcing the acquisition of Alleghany Motors in Covington, Va. This expansion and multi-million-dollar investment from Magic City into the Alleghany Highlands will expand Magic City's presence, create dozens of new jobs, and give Magic City customers access to 7 additional great brands for both sales and service.

Related link: http://www.magiccityautogroup.com/

Advalent Corporation Completes Acquisition of Medvensys Analytics

WESTBOROUGH, Mass. /ScoopCloud/ -- Advalent Corporation, a claims administration and medical management platform for complex value-based care products and Medvensys, a leading cloud-based analytics technology in clinical and financial outcomes for healthcare organizations announced today that they have entered a definitive agreement whereby Advalent has agreed to acquire Medvensys.

Together the complementary companies will provide an end-to-end system that will enhance actionable insights into provider performance and give Payers, Payviders, ACOs and risk-bearing entities the best possible outcomes and prices in clinical quality, value-based contracting and risk adjustment as they make the transition from Fee-For-Service to Fee-For-Value.

"We are thrilled to add Medvensys to the Advalent family, which has become an important player in helping us succeed in a risk-based environment," said CEO of Advalent, Brian Lichtlin. "It is important for risk-bearing entities to have differentiated care platforms that align with big-data analytics to monitor quality metrics and highlight care gaps to help providers with bundled payment arrangements. Success with value-based care requires providers to eliminate gaps in care as early as possible and together our platform is able to adapt in a quick changing marketplace."

Dr. Kallakuri, Founder of Medvensys said, "We expect today's transaction to bring unique data-driven capabilities that will identify gap risks and actionable gaps with Advalent's platform. What Advalent is doing in the marketplace with its care-management and administrative platforms combined with our analytics solutions, creates extreme high value for the healthcare market place in terms of value-based care solutions and value-based contracting. With this acquisition, we will create an organization that offers end-to-end solutions to drive differentiated care platforms and sustainable clinical and financial efficiencies year-over-year to healthcare organizations throughout the nation."

"Medvensys is a strategic fit with our investment strategy at Advalent as we continue to strengthen our platform to provide value-based products to payers," said Lichtlin.

Medvensys Network 360 platform has a proven record of driving clinical and financial improvements for care organizations. Medvensys has expert understanding with the integration of artificial intelligence, natural language processing and its ability to dig deeper in risk adjustment, care, quality and performance gaps. These solutions bring major advancements as the transition to value-based care grows.

About Advalent:

Advalent was founded in 2013 with the mission to advance core-administration technology used by Payers, Payviders and ACOs to compete in value-based care. They have created flexible, easy-to-use solutions that enable payers with the automation needed to increase operational efficiencies across multiple lines of business including Commercial, Medicaid, Medicare Advantage and Commercial Risk. Advalent has created a platform-as-a-service for the most complex value-based products to respond in real-time as the industry continues its push towards value-based care. More information: https://www.advalent.com/

About Medvensys:

Medvensys was founded in 2015 and is a leading healthcare technology and outcomes company that combines cloud-based analytics and analytics-drive interventions to improve financial and clinical outcomes for healthcare organizations-including payer and providers. Medvensys's proprietary suite of analytics include several platforms to identify Risk Adjustment, Care, Quality and other performance gaps; all of which are designed and developed by leading mathematicians, clinicians and data experts. Through its people, processes and platforms, Medvensys bring sustainable clinical and financial improvements to the healthcare industry. More information: http://www.medvensys.com/.

Advalent Corporation, a claims administration and medical management platform for complex value-based care products and Medvensys, a leading cloud-based analytics technology in clinical and financial outcomes for healthcare organizations announced today that they have entered a definitive agreement whereby Advalent has agreed to acquire Medvensys.

Related link: https://www.advalent.com/

Bank of Southern California NA Completes Acquisition of Americas United Bank

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A., San Diego, California (OTC Pink: BCAL / OTCMKTS:BCAL) announced today the completion of its acquisition of Americas United Bank, Glendale, California (OTC Pink: AUNB), effective July 31, 2018. Americas United Bank had total assets of approximately $231 million as of June 30, 2018.

Americas United Bank branches will begin operating as Bank of Southern California branches on August 1, 2018, with systems conversion scheduled in October 2018.

The acquisition of Americas United Bank provides Bank of Southern California with an entry into the vibrant Los Angeles market as the Bank continues its strategic expansion in the Southern California region. With the completion of the acquisition, the combined bank will have assets of approximately $720 million, and increases the number of Southern California branch locations to eleven.

"We are pleased to welcome Americas United Bank customers, employees, and shareholders to Bank of Southern California," commented Nathan Rogge, President and Chief Executive Officer of Bank of Southern California.

"This strategic acquisition provides us with a presence in Los Angeles County and a footprint that allows us to now serve four major metropolitan Southern California markets. Our long-term goal is to build a community business bank in Southern California that supports the economic growth of businesses and the communities we serve," concluded Rogge.

Bank of Southern California also announced that its Board of Directors appointed Adriana M. Boeka as a non-executive director. Mrs. Boeka previously served as President and Chief Executive Officer of Americas United Bank.

"Adriana's broad experience leading successful banking organizations in Southern California add a valuable perspective to our Board of Directors," said John Farkash, Chairman of the Board. "We appreciate her willingness to serve as a director and look forward to her contributions and guidance."

Additionally, Bank of Southern California recently hired Gaylin Anderson, as Executive Vice President, Market Executive to lead the Bank's expansion into Los Angeles County. Mr. Anderson most recently served as Managing Director of Community Banking for Banc of California.

MJC Partners, LLC served as financial advisor and Duane Morris LLP served as legal counsel to Bank of Southern California. Keefe, Bruyette & Woods, A Stifel Company, served as financial advisor and King, Holmes, Paterno & Soriano, LLP served as legal counsel to Americas United Bank.

About Bank of Southern California:

A growing community bank, established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally owned and managed, and offers a range of financial products to individuals, professionals, and small-to-medium sized businesses.

The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates eleven branches in San Diego County, Los Angeles County, and the Coachella Valley in Riverside County, and a production office in Orange County.

For more information, please visit https://www.banksocal.com/ or call (858) 847-4780.

Tickers: OTC Pink:BCAL / OTC:BCAL / OTCMKTS: BCAL / OP: BCAL / OTCMKTS:AUNB / OTC:AUNB

Bank of Southern California, N.A., San Diego (OTC Pink: BCAL / OTCMKTS:BCAL) announced today the completion of its acquisition of Americas United Bank (OTC Pink: AUNB), effective July 31, 2018. Americas United Bank had total assets of approximately $231 million as of June 30, 2018.

Related link: https://www.banksocal.com/

EPIC adds Lou D’Agostino as a Principal in New York serving the Financial Services Industry

NEW YORK, N.Y. /ScoopCloud/ -- EPIC Insurance Brokers & Consultants today announced that risk management and insurance brokerage veteran Lou D'Agostino and his Iron Cove Partners team have joined the firm. D'Agostino has over 17 years of insurance brokerage experience with an expertise in serving the Financial Services industry.

D'Agostino and team will be based in EPIC's Midtown, NYC office, reporting to EPIC's Northeast Region President, Thomas O'Neil, and operating as Iron Cove - a division of EPIC.

Prior to forming Iron Cove, D'Agostino spent 10 years with broker Frank Crystal & Co. in New York, where he was a Director in the Financial Services Practice. In this role, D'Agostino designed and placed Management and Professional Liability Insurance Programs for a wide range of financial services firms including Hedge/Private Equity Funds, Registered Investment Advisors, Securities Dealers, Family Offices, and Consultants.

While running Iron Cove, D'Agostino created an industry leading Financial Services practice. The firm's strong, positive reputation in the Hedge Fund sector earned Iron Cove the 2017 and 2018 "Best U.S. & Global Hedge Fund Industry Insurance Provider" awards from Hedgeweek.

D'Agostino also developed risk management and insurance programs for a number of commercial businesses in the Real Estate, Not-For-Profit, Manufacturing, Retail, and Technology industries.

Prior to entering the risk management and insurance industry, D'Agostino had a career in professional football, which included playing running back and special teams for two seasons (1996 and 1997) with the New York Jets.

Said EPIC's Tom O'Neil, "Lou and his team bring extensive experience and expertise in the Financial Services industry to EPIC. Lou is well known and well regarded throughout the Hedge Fund community. We are excited to further expand our commitment to the Financial Services sector in the Northeast and across the country with the addition of the Iron Cove team."

D'Agostino is a graduate of the University of Rhode Island in Kingston, Rhode Island where he earned a Bachelor of Arts degree in Finance.

Lou D'Agostino can be reached at louisd@ironcoveins.com or 646-452-403.

About EPIC:

EPIC is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence.

EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC now has more than 1,400 team members operating from 50 offices across the U.S., providing Property & Casualty, Employee Benefits, Specialty Programs and Private Client solutions to more than 20,000 clients.

With run rate revenues greater than $400 million, EPIC ranks among the top 20 retail insurance brokers in the United States. Backed by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country.

For additional information, please visit https://www.epicbrokers.com/.

EPIC Insurance Brokers & Consultants today announced that risk management and insurance brokerage veteran Lou D'Agostino and his Iron Cove Partners team have joined the firm. D'Agostino has over 17 years of insurance brokerage experience with an expertise in serving the Financial Services industry.

Related link: https://www.epicbrokers.com/

Deacon Jones Acquires Dan Wise Chevrolet of La Grange Dealership

LA GRANGE, N.C. /ScoopCloud/ -- Deacon Jones will be acquiring the Dan Wise Chevrolet of La Grange dealership beginning on March 1, 2018. Dan Wise commented that, "For 37+ years the community in and around LaGrange have allowed me and my staff the pleasure of serving the transportation and servicing needs of the area's families. It has been personally gratifying and an honor.

"In considering the future of the Dealership and its employees, I am delighted that it, and they, will become a part of the Deacon Jones Auto Group - a locally owned and operated group that shares our core values and attention to Customer service.

"They will continue our commitments to the community, predominantly with the same folks here, while providing some significant advantages because of their size and resources-such as inventory selection, access to lenders, and expansion of service and parts availability."

Deacon Jones dealerships provide their customers with the commitment to exceed their expectations and to deliver the best service possible, while making automobile buying an enjoyable experience. With a reputation for exceptional sales and service, they continue to be a leader in the Raleigh area's competitive auto industry.

"The motto of our dealership has always been, 'We Treat People the Way They Would Like To Be Treated,' and we intend to keep that commitment with this new endeavor," said Jonathan Johnson, the new General Manager of Deacon Jones Chevrolet of La Grange. "Dan Wise and his staff operated for all of these years with that level of commitment, and we are delighted to continue that tradition with his staff."

Johnathan Johnson will be the new General Manager and the location of the new Deacon Jones Chevrolet of La Grange will be 6595 US Highway 70 West, La Grange, NC 28551.

For further information about any of the Deacon Jones fine dealerships, please visit their website at http://www.deaconjoneschevroletoflagrange.com/

Deacon Jones will be acquiring the Dan Wise Chevrolet of La Grange dealership beginning on March 1, 2018. Johnathan Johnson will be the new General Manager and the location of the new Deacon Jones Chevrolet of La Grange will be 6595 US Highway 70 West, La Grange, NC 28551.

Related link: https://speakindeacon.com/

Bank of Southern California N.A. and Americas United Bank Announce Agreement to Merge

SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A., San Diego, Calif. (OTC Pink: BCAL / OTCMKTS:BCAL) and Americas United Bank, Glendale, Calif. (OTC Pink: AUNB), today announced the signing of a definitive agreement and plan of merger (the "Agreement") whereby Americas United Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals and the approval of the shareholders of AUB and BCAL, and is expected to close in the third quarter of 2018.

Additionally, directors and executive officers of AUB have entered into agreements committing to vote their shares in favor of the transaction. The transaction is valued at approximately $44.1 million, based on BCAL's stock price per share of $14.75.

Under the terms of the Agreement, AUNB shareholders will receive $7 in cash and 0.4746 shares of BCAL common stock, or $14 per share, for each share of AUNB common stock that they own as of the closing date of the merger. In order to support the operations of the combined Bank following the merger, Bank of Southern California has received binding commitments from investors pursuant to which it will raise $20 million.

The transaction is expected to be immediately accretive to BCAL's earnings per share in 2018 (excluding transaction costs). The pro forma combined Bank will have approximately 8.3 million shares outstanding, representing a prospective market capitalization of approximately $123 million based on a per share valuation of BCAL's stock of $14.75.

The merger combines two profitable Southern California franchises with similar core operating philosophies and cultures. Headquartered in San Diego, Calif., Bank of Southern California currently operates eight locations in San Diego County, the Coachella Valley in Riverside County, and Orange County. Americas United Bank is headquartered in Glendale, CA, with four branches located in the greater Los Angeles area. Americas United Bank offers an attractive footprint and provides the foundation for Bank of Southern California to enter the Los Angeles market as the Bank continues its strategic expansion in the Southern California region. Upon completion of the transaction, the combined organization will have pro forma assets of approximately $750 million.

Commenting on the announcement, Nathan Rogge, President and Chief Executive Officer of Bank of Southern California said, "The combined Bank offers a highly attractive franchise for us in the very desirable Los Angeles market and furthers Bank of Southern California's vision of expanding our market share in Southern California. Americas United Bank is a well-managed community business bank with a strong relationship banking culture, making it a great fit for us.

"Bank of Southern California recently expanded into Orange County in December 2017, so this opportunity allows us to continue to execute the next natural extension of our planned growth. We believe this transaction allows the Bank to better serve the clients of both organizations with increased lending capabilities, technology enhancements, and an increased branch network.

"This transaction provides a great value for our shareholders, creates opportunities for our employees, and expands our franchise to better serve our customers," concluded Rogge.

Adriana M. Boeka, President and Chief Executive Officer of Americas United Bank, echoed, "We are very excited about this opportunity to join forces with Bank of Southern California who has long prided itself on its strong commitment to its customers and employees, a model that we both have in common. With this merger we will supplement Americas United Bank's existing products, services and business development platform with Bank of Southern California's commercial lending expertise and a suite of commercial deposit products. Our customers will benefit from Bank of Southern California's expanded service and lending capacity, and our employees will benefit from their strong employee centered culture.

"This transaction provides liquidity to our shareholders and also allows them to participate in the future upside of the combined Bank. Bank of Southern California's sound financial condition and comprehensive business expertise makes them an excellent choice and natural partner for us," concluded Boeka.

Nathan Rogge will continue as President and CEO, and the existing Bank of Southern California executive management team will continue in their current roles of the combined Bank. Additionally, at the close of the transaction, Adriana M. Boeka, President and CEO of Americas United Bank, will join Bank of Southern California's Board of Directors as a non-executive director.

MJC Partners, LLC served as financial advisor and Duane Morris LLP served as legal counsel to Bank of Southern California. Keefe, Bruyette & Woods, A Stifel Company, served as financial advisor and King Holmes Paterno & Soriano, LLP served as legal counsel to Americas United Bank. MJC Partners is acting as sole placement agent for the offering.

About Bank of Southern California:

A growing community bank established in 2001, Bank of Southern California, N.A., with headquarters in San Diego, Calif., is locally-owned and managed and offers a range of financial products to individuals, professionals, and small- to medium-sized businesses. The Bank's solution-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. The Bank currently operates eight offices in San Diego and the Coachella Valley in Riverside County, and Orange County.

For more information, please visit https://www.banksocal.com/ or call 858-847-4780.

About Americas United Bank:

Americas United Bank was founded in 2006 by a diverse group of Los Angeles-based entrepreneurs whose vision included serving the banking needs of small- to medium-sized businesses in metropolitan Los Angeles and its surrounds, providing a full range of financial services for businesses and high net worth individuals. The Bank operates four branch locations in Los Angeles County.

For more information, please visit https://www.aubank.com/ or call 818-637-7000.

Forward-Looking Statements:

This news release may contain comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), and Bank of Southern California and intends for such forward-looking statements to be covered by the safe harbor provisions of that Act.

Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate, "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs, such as "will," "would," "should," "could," or "may." Forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include but are not limited to: the ability of the Bank to successfully execute its business plan; changes in interest rates and interest rate relationships; changes in demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking legislation or regulation; changes in tax laws; changes in prices, levies, and assessments; the impact of technological advances; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; and changes in the national and local economy. Bank of Southern California undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events, or otherwise.

Additional Information About the Merger:

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote for approval of the merger. In connection with the proposed merger a joint proxy statement/offering circular will be provided to the shareholders of both institutions which will provide detailed information about the merger and the two banks. Shareholders will be encouraged to read the joint proxy statement/offering circular carefully before voting on the merger.

The directors, executive officers, and certain other members of management and employees of Bank of Southern California may be deemed to be participants in the solicitation of votes to approve the merger. Additional information regarding the interests of those participants and other persons who may be deemed participants in the merger may be obtained by reading the joint proxy statement/offering circular when it becomes available.

Bank of Southern California, N.A. (OTC Pink:BCAL / OTCMKTS:BCAL) and Americas United Bank (OTC Pink:AUNB), today announced the signing of a definitive agreement and plan of merger (the "Agreement") whereby Americas United Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals and the approval of the shareholders of AUB and BCAL, and is expected to close in Q3 2018.

Related link: https://www.banksocal.com/

JenCap Holdings LLC to Acquire Genesee General, a Specialty Insurance Business

ALPHARETTA, Ga. /ScoopCloud/ -- JenCap Holdings LLC (JCH), a specialty insurance business, announced today that it has agreed to acquire privately-held Genesee General, a managing general agency, program administrator and wholesale insurance broker based in Alpharetta, Georgia. The transaction is expected to close in January 2018. Financial terms were not disclosed.

"Genesee President Roger Ware has created a leading organization within our industry and we expect it to become a strategic part for our organization as we build a best-in-class distribution platform," said John F. Jennings, President and Chief Executive Officer of JCH. "Genesee and JenCap share a commitment to product development and superb client service."

Genesee General was founded in 1982 and has been led by Roger Ware since 1998.

JenCap Holdings (JCH) was formed in March 2016 by global alternative asset manager The Carlyle Group and JCH management to consolidate specialty insurance distribution businesses, including managing general agents, program managers and transactional wholesale brokers. The acquisition of Genesee General is the seventh transaction by JCH since its founding, and places the company among the largest wholesale brokers in the U.S.

Roger Ware, President of Genesee, said, "We wanted a partner who felt the same way about our commitment to clients, employees and carriers and we realized early on that JenCap was the right fit. We are very enthusiastic about the JenCap partnership."

About JenCap Holdings Inc.:
JenCap Holdings is a premier national specialty insurance distribution platform that includes program management businesses, managing general agencies, specialty program underwriters and transactional wholesale brokers. JenCap Holdings has assembled a management team with the sector insight and experience to drive organic growth and strategic acquisitions leveraging technology and advanced data analytics. JenCap Holdings is headquartered in New York.

About Genesee General:
Founded in 1982, Genesee General is a full-service managing general agency and wholesale broker that specializes in commercial insurance products for the excess and surplus lines industry as well as servicing the catastrophe and program business markets.

For more information on JenCap, visit: http://jencapholdings.com/

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JenCap Holdings LLC (JCH), a specialty insurance business, announced today that it has agreed to acquire privately-held Genesee General, a managing general agency, program administrator and wholesale insurance broker based in Alpharetta, Georgia. The transaction is expected to close in January 2018. Financial terms were not disclosed.

Related link: http://www.jencapholdings.com/

NIF Group, Inc. Acquires Agency Intermediaries, Inc.

MANHASSET, N.Y. /ScoopCloud/ -- NIF Group, Inc., a leading wholesale broker, program administrator and managing general agency and their parent company, JenCap Holdings LLC announces that they have agreed to acquire privately held Agency Intermediaries, Inc. and A.I.I. Insurance Brokerage of Mass., Inc. (A.I.I.). Both affiliated entities serve as MGA/contract binding authorities and wholesale insurance brokerages, respectively located in Guilford, Connecticut and East Douglas, Massachusetts.

Agency Intermediaries, Inc. was formed in 1980 by Ray Connors, Sr. and Manja Connors. Erina Connors joined in 1983, focusing on the brokerage of excess & surplus Lines. Since 1998, A.I.I. has been led by Erina Connors and Julie Sonier. Agency Intermediaries, Inc. and A.I.I. Insurance Brokerage of Mass., Inc. serve independent agents in Connecticut and Massachusetts in placing excess/specialty lines business.

NIF Group, Inc. is one of the country's leading professional insurance organizations. Serving the independent agent community as a national program administrator, regional general agent, surplus lines broker and specialty insurance Intermediary, with offices located on the east and west coasts of the U.S. NIF has been serving agents & brokers since 1976; they were successfully acquired by JenCap Holdings in December of 2016.

Mark P. Maher, President of NIF Group, Inc. stated that "The Connors and Sonier families have built an exceptional brokerage firm in the same manner in which NIF was forged. A.I.I.'s long standing commitment to their clients, carriers, exceptional service and industry expertise perfectly align with our existing branches and strategic plans for growth in the Northeast."

Erina Connors, President of A.I.I. noted "NIF is a great fit for us, our people are joining a well-respected firm with plans of growth and opportunity in the future."

Through the acquisition of A.I.I., NIF now expands their footprint in the northeast with locations in Framingham, Massachusetts, East Douglas, Massachusetts, Guilford, Connecticut, and Warwick, Rhode Island.

JenCap Holdings (JCH) was formed in March 2016 by The Carlyle Group (NASDAQ:CG) and JCH management to consolidate specialty insurance distribution businesses, including managing general agents, specialty program managers transactional wholesale brokers and captive managers.

The acquisition of Agency Intermediaries, Inc. (A.I.I.) is the sixth such transaction by JCH, which is headquartered in New York, N.Y.

Learn more about NIF Group, Inc., a JenCap Holdings Company, at: http://www.nifgroup.com/

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NIF Group, Inc., a leading wholesale broker, program administrator and managing general agency and their parent company, JenCap Holdings LLC announces that they have agreed to acquire privately held Agency Intermediaries, Inc. and A.I.I. Insurance Brokerage of Mass., Inc. (A.I.I.). Both affiliated entities serve as MGA/contract binding authorities and wholesale insurance brokerages, respectively located in Guilford, Connecticut and East Douglas, Massachusetts.

Related link: http://www.nifgroup.com/

Mid America Mortgage to Purchase Assets from Two Oklahoma Lenders

ADDISON, Texas /ScoopCloud/ -- Mid America Mortgage, Inc. (Mid America) announced it has signed a letter of intent to purchase the assets of Oklahoma City-based American Southwest Mortgage Corp. and an affiliated firm, American Southwest Mortgage Funding Corp. As part of the agreement, Mid America will incorporate American Southwest's operations into Mid America's mortgage platform and secure an interest in their respective pipelines and select assets. Further, Mid America will also offer employment to loan production staff members from each organization.

Pending a signed agreement, the transfer of operations and assets should be completed by December 1. Financial terms of the proposed agreement have not been disclosed.

"Mid America's commitment to delivering a faster, more efficient mortgage process via technology has put us in a unique position to partner with firms like American Southwest to revitalize and streamline their operations, which ultimately provides their customers with better service," said Mid America Owner and CEO Jeff Bode. "As we make this transition, we do so with an eye toward minimizing disruption to American Southwest's existing customers while also migrating its pipeline to our fully digitized origination and closing process."

As part of the agreement, American Southwest will transition the pipelines of both entities to the Mortgage Machine platform, Mid America's proprietary loan origination system (LOS), and begin executing eClosings and eNotes. Further, American Southwest's retail channels will have immediate access to Mid America's digital mortgage approval and closing platform Click n' Close, allowing them to take advantage of the faster turn times and lower costs Click n' Close provides. Third-party channel access to Click n' Close will be made available at a later date. Click n' Close was recently announced as the Official Mortgage Provider of NASCAR(r).

"Joining forces with a progressive, highly reputable lender like Mid America presents a unique opportunity to unite two organizations with similar views on the need to combine superior customer service with user-friendly technology," said Richard Carrington, president of American Southwest. "Furthermore, Mid America will able to leverage our footprint in markets not currently serviced by Mid America to expand its outreach to a new and diverse customer base that clearly compliments the launch of Click n' Close."

About Mid America Mortgage, Inc.:

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close, the Official Mortgage Provider of NASCAR(r), is Mid America's ultra-secure, digital mortgage approval and closing process that delivers an eight-minute application process, getting home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://clicknclose.com.

Mid America is looking for tech-savvy, service-oriented mortgage professionals to join its growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit http://www.midamericacareer.com/.

Twitter: @midamericamtge

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Mid America Mortgage, Inc. announced it has signed a letter of intent to purchase the assets of Oklahoma City-based American Southwest Mortgage Corp. and an affiliated firm, American Southwest Mortgage Funding Corp. As part of the agreement, Mid America will incorporate American Southwest's operations into Mid America's mortgage platform and secure an interest in their respective pipelines and select assets. Further, Mid America will also offer employment to loan production staff members from each organization.

Related link: https://www.midamericamortgage.com/

After 139 Years of Operations as Frenkel and Company, Venerable NY Insurance Broker Elects to Join EPIC

NEW YORK, N.Y. /ScoopCloud/ -- Frenkel & Company, one of the nation's most respected full-service independent insurance brokers and EPIC Insurance Brokers & Consultants, a unique and innovative national retail insurance brokerage and employee benefits consulting firm, announced today that they have joined forces.

Established in 1878 by Emil Frenkel, Frenkel & Company is one of the largest privately-held insurance brokers in the nation. With revenues approaching $80 million, Frenkel was most recently ranked #48 in Business Insurance Magazine's list of the 100 Largest Brokers of U.S. Business, published in July 2017.

EPIC, celebrating the firm's 10th anniversary in 2017, is already one of the 20 largest U.S. retail insurance brokers and, before the addition of Frenkel, ranked #26 among the top commercial insurance broker/consultants in the world. EPIC has built a strong, positive reputation for service excellence, innovation, community, collaboration and having fun - all in the interest of being a "people first" (clients and team members) organization.

"Frenkel & Company has been delivering strategic guidance and service around the risk management, insurance and benefit consulting needs of our clients for nearly 140 years," said John F. Kelly, President and Chief Executive Officer of Frenkel & Company. "We believe the decision to join EPIC will help us deliver an even broader and deeper set of capabilities and added value to our clients, with the same commitment to responsive, personalized service that has been a hallmark of our firm since 1878. We are thrilled to join forces with a unique and successful company like EPIC."

Upon joining EPIC, the firm will operate as Frenkel & Company - a Division of EPIC. Frenkel & Company's strong leadership team will play vital, active roles within the integrated EPIC organization.

Said EPIC CEO, John Hahn, "We found a strong cultural partner in Frenkel & Company, in an important and highly desirable region where we see tremendous opportunities for growth. In combination with our March 2017 acquisition of The Capacity Group and other growth, we have added roughly 450 new team members and now have revenue of more than $150 million in the Northeast Region. Frenkel locations and teams in New York City, Jersey City, Boston, and Los Angeles, will add significant value to our clients across the country and create further opportunities for our employees' long-term growth and career success."

EPIC's Northeast Region President Thomas O'Neil added, "In addition to the integration and expansion of our respective capabilities, Frenkel & Company provides a strong platform in the Northeast to extend our risk management, property & casualty insurance, international client services, employee benefits consulting, program solutions and private client services to companies across the region, nationally and internationally."

Weil, Gotshal & Manges, led by partner Christopher Machera, served as EPIC's legal advisor. KPMG LLP provided accounting and tax advice for EPIC. Morgan Stanley & Co LLC, led by Managing Director Robyn Maslynsky, acted as financial advisor to Frenkel & Company and Morrison Cohen LLP served as Frenkel's legal advisor.

About Frenkel & Company - a Division of EPIC:

Frenkel & Company - a Division of EPIC offers an expansive array of traditional and customized risk management, property & casualty insurance and employee benefits consulting products and services to a broad spectrum of businesses, industries and individuals. Headquartered in New York, NY, the firm has grown organically and through a series of acquisitions and strategic partnerships to become one of the 50 largest brokers of U.S. Business. For additional information, please visit http://www.frenkel.com/

About EPIC:

EPIC is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence. EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC now has more than 1,300 team members operating from offices across the U.S., providing Property & Casualty insurance, Employee Benefits Consulting, Specialty Programs and Private Client solutions to more than 30,000 clients.

With run rate revenues of roughly $400 million, EPIC ranks among the top 20 retail insurance brokers in the United States. Backed by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country. For additional information, please visit http://www.epicbrokers.com/.

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Frenkel & Company, one of the nation's most respected full-service independent insurance brokers and EPIC Insurance Brokers & Consultants, a unique and innovative national retail insurance brokerage and employee benefits consulting firm, announced today that they have joined forces.

Related link: http://www.epicbrokers.com/

JenCap Holdings Acquires Special Risks Facilities

NEW YORK, N.Y. /ScoopCloud/ -- JenCap Holdings LLC announced today that it has agreed to acquire privately held Special Risks Facilities, Inc., an MGA/contract binding authority and wholesale insurance brokerage firm based in Sterling Heights, Michigan with another office in Peoria, Arizona. Special Risks was formed in 1971 and has been led by Jack Klebba and Randy Kaszeta. Messrs. Klebba and Kaszeta have built one of the premier insurance distribution platforms in Michigan.

JenCap Holdings (JCH) was formed in March 2016 by The Carlyle Group (Nasdaq: CG) and JCH management to consolidate specialty insurance distribution businesses, including managing general agents, program managers and transactional wholesale brokers. The acquisition of Special Risks (SRF) is the fifth transaction by JCH and places the company amongst the largest wholesale brokers in the U.S.

John F. Jennings, President and Chief Executive Officer of JCH, commented that, "Jack Klebba and Randy Kaszeta have built a high quality business and we are excited that they have chosen JenCap to preserve Special Risks' commitment to excellence and service to their clients. We are excited to have Special Risks join our growing distribution platform."

Jack Klebba, President of SRF stated that "We wanted a partner that felt the same way about our commitment to clients, employees and carriers and we realized early on that JenCap was the right fit."

"We are very enthusiastic about the JenCap transaction," commented Randy Kaszeta, Executive Vice President of SRF. "Our thoughts on how to continue our growth matched up perfectly with the JenCap management model."

About JenCap Holdings LLC:

JenCap Holdings is a consolidator of specialty insurance distribution and program management businesses, including managing general agencies, specialty program underwriters, transactional wholesale brokers and captive managers. JenCap Holdings has assembled a management team with the sector insight and experience to drive organic growth and strategic acquisitions leveraging technology and advanced data analytics. JenCap Holdings is headquartered in New York.

MEDIA CONTACT:
Les Ross
JenCap Holdings
415-442-8502
lross@jencapholdings.com

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JenCap Holdings LLC announced today that it has agreed to acquire privately held Special Risks Facilities, Inc., an MGA/contract binding authority and wholesale insurance brokerage firm based in Sterling Heights, Michigan with another office in Peoria, Arizona. Special Risks was formed in 1971 and has been led by Jack Klebba and Randy Kaszeta. Messrs.

Related link: http://www.jencapholdings.com/

EPIC Insurance Acquires Product Warranty Analytics Specialist After, Inc.

NORWALK, Conn. /ScoopCloud/ -- EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today the acquisition of After, Inc. - a product warranty analytics firm based in Norwalk, Conn. The Acquisition was made primarily to further strengthen and grow EPIC subsidiary company, PowerGuard Specialty Insurance Services - a renewable energy program manager based in the United States.

Founded in 2005 as a subsidiary of Fulcrum Analytics, After, Inc. was formally created in 2015 to offer the industry's most advanced warranty products and services. Clients include a number of the world's top brands, including Canon, Electrolux, Ford, Generac, Jaguar Land Rover, Polaris, and Seagate Technologies,

Led by Chief Executive Officer Nathan Baldwin and Chief Technology Officer David King, After, Inc. has four core product offerings: warranty marketing, warranty analytics, warranty administration and the After Protection Plan which includes data recovery services.

PowerGuard provides an innovative 25-year, non-cancellable quality and performance guarantee solution to back up a manufacturer's own warranty terms. Guaranteeing warranty terms through the use of insurance provides the certainty manufacturers and their customers seek, as well as long-term stability for the industry.

Said EPIC CEO and Co-founder John Hahn, "For several years we have been searching for the right data analytics partner to strengthen and augment PowerGuard's offerings, and to create new capabilities for their diversification into product warranty fields other than wind and solar. It became evident to us that After, Inc. provided the best platform and partnership to enhance and grow PowerGuard. This is a very exciting development for PowerGuard's clients and their other business partners around the world."

The PowerGuard solution - available through EPIC and other top retail insurance brokers globally - provides certainty and security to the solar manufacturer's end customers, with warranty terms that are non-cancellable - surviving even insolvency and bankruptcy. Third-party rights to the policy in case the original solar manufacturer goes out of business are also offered, backed by the capital strength of the insurance market.

About EPIC:

EPIC is a unique and innovative retail property and casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence. EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC now has 1,100 team members operating from offices across the U.S., providing Property Casualty, Employee Benefits, Specialty Programs and Private Client solutions to more than 20,000 clients.

With run rate revenues approaching $300 million, EPIC ranks among the top 20 retail insurance brokers in the United States. Backed by the Carlyle Group, the company continues to expand organically and through strategic acquisitions across the country. For additional information, please visit http://www.epicbrokers.com/.

About PowerGuard Specialty Insurance Services:

PowerGuard is a specialty renewable energy program manager specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

PowerGuard's PowerClip warranty product is the most comprehensive contractual liability coverage available to renewable energy manufactures, project developers, power generation operators and the financial institutions who invest in them.

PowerGuard's PowerWrap Solar Project Guarantee Policy is a simple and straightforward insurance policy that guarantees the performance of the entire solar energy system - written on investment grade paper with an insurance company holding an AA- rating from Standard & Poor's. For more information please visit http://www.powerguardins.com/.

*LOGO for media: Send2Press.com/mediaboom/16-0308-epic-insurance-300dpi.jpg

EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today the acquisition of After, Inc. - a product warranty analytics firm based in Norwalk, Conn. The Acquisition was made primarily to further strengthen and grow EPIC subsidiary company, PowerGuard Specialty Insurance Services - a renewable energy program manager based in the United States.

Related link: http://www.epicbrokers.com/

Knox Trail Council and Old Colony Council Approve Merger

MARLBOROUGH, Mass. /ScoopCloud/ -- Following their respective Special Council Meetings, the Knox Trail Council and the Old Colony Council announced today the approval of their consolidation and merger to form a new Boy Scout Council. This new council will serve youth and young adults from the metrowest to southeastern Massachusetts.

"We're thrilled that our volunteer leaders voted to move forward with the merger plans of these two healthy councils. This creates a firm foundation for scouting to thrive in our region for years to come," said Knox Trail Council President Sherry Bowden.

Old Colony Council President Rob Hillman added, "We worked closely together getting to this point. We are now ready to take the next steps of building a new scouting council which will enhance the programs for our youth."

As a merger of equals a new name will be chosen for the combined council during 2017 which will carry forward the strong traditions of both councils and set the course for a united future.

The consolidation will result in more operating efficiency, thereby freeing up personnel and financial resources that can be reallocated to serve unit leaders, youth and their families. The scout offices in Canton and Marlborough will eventually be replaced by an office in a central location. Camps Nobscot, Resolute, and Squanto are key assets and all three camps will be retained and used by the new council.

The new council will serve over 11,000 young adults in 62 communities around Boston. Knox Trail Council serves 21 towns and cities across the metrowest from Newton to Stow to Westborough to Mendon. Old Colony continues south from the Knox Trail region, serving 41 communities in southeastern Massachusetts from Bellingham to Hull to Plymouth.

The new council will serve young adults with a full range of Boy Scout programs including: Cub Scouts and Boy Scouts for boys and young men from kindergarten to age 18 and the co-ed Explorer and Venturing programs for young men and women in their teens. Currently there are 332 Boy Scout Troops, Cub Scout Packs, Explorer Posts, and Venture Crews across the 62 communities served by the new council.

To learn more about Knox Trail Council, visit: http://www.ktc-bsa.org/

To learn more about Old Colony Council, visit: http://www.oldcolonycouncil.org/

Following their respective Special Council Meetings, the Knox Trail Council and the Old Colony Council announced today the approval of their consolidation and merger to form a new Boy Scout Council. This new council will serve youth and young adults from the metrowest to southeastern Massachusetts.

New Vista Behavioral Health Welcomes Avalon Malibu to Their Family of Addiction and Mental Health Treatment Centers

COSTA MESA, Calif. /ScoopCloud/ -- New Vista Behavioral Health (www.newvistabehavioralhealth.com), a leading provider of addiction treatment, is proud to announce the acquisition of Avalon Malibu. The addition of Avalon to Infinity Treatment Centers, and Simple Recovery, expands the offerings of New Vista Behavioral Health's distinctive, effective and complementary group of addiction and mental health programs, providing exemplary care to clients struggling with chemical dependency or mental health issues.

Avalon Malibu provides licensed mental health and chemical dependency treatment. Avalon's Grand House is a licensed mental health treatment center by the Department of Social Services (DSS), certified by the Department of Health Care Services (DHCS), and is also accredited by The Joint Commission. The center provides residential treatment for men and women struggling with psychiatric disorders and provides comprehensive and evidence-based treatment approaches that incorporate medication management, group and individual psychotherapy, mindfulness, and expressive therapies.

Avalon's Cottage House is Joint Commission accredited, and specializes in offering comprehensive substance abuse and co-occurring disorders. The personalized substance abuse treatment plans include: detoxification, therapy, education, family integrated treatment, 12 step approach, holistic activities, and more for both men and women.

Avalon's Integrative IOP offers a unique mindfulness-based therapy program where clients are brought into present moment awareness of the mind-body connection. Clients learn to self-regulate using mindful experiential modalities, and are coached on connecting to their life's purpose.

The emphasis for treatment at Avalon Malibu is on integrating mind, body and spirit with demonstrated therapeutic and holistic processes. Avalon is committed to helping the clients impart new ways of living through progressive treatments that help expose and release old ways of behavior. Avalon's model includes a forward-thinking approach to addiction and psychiatric treatment, focusing on potential, not pathology.

About New Vista Behavioral Health:

New Vista Behavioral Health recognizes the need for comprehensive and principled-driven services in the behavioral health industry, and is committed to creating a healthy and productive new vista for recovery and success.

Dr. Stephen Odom, CEO of New Vista Behavioral Health stated "We are creating a new footprint for addiction and mental health treatment. The goal is to help professionals and patients alike receive effective, best-in-class, and appropriate treatment, in all levels of care desired. We look forward to working with the outstanding team at Avalon to provide incomparable care in chemical dependency and mental health treatment and in becoming champions of positive change in addiction and mental health care."

For more information about Avalon Malibu or New Vista Behavioral Health and the addiction treatment services they provide, please visit http://www.newvistabehavioralhealth.com/ or call 888-316-3665.

Media Contact:
Christine Barker
Corporate Director of Marketing
949-646-3600 x116
christine.barker@newvistabh.com

*PHOTO: Send2Press.com/mediaboom/17-0321s2p-avalon-malibu-300dpi.jpg

New Vista Behavioral Health, a leading provider of addiction treatment, is proud to announce the acquisition of Avalon Malibu. The addition of Avalon to Infinity Treatment Centers, and Simple Recovery, expands the offerings of New Vista Behavioral Health's distinctive, effective and complementary group of addiction and mental health programs, providing exemplary care to clients struggling with chemical dependency or mental health issues.