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CalAmp and Hyundai Translead Launch Open Platform Smart Trailer Solution to Drive Efficient & Safe Trailer Operations

– Reliable, factory-installed sensor solution delivers real-time connected trailer intelligence

– Provides end-to-end trailer operation visibility to maximize usage, safety and efficient delivery of goods

– CalAmp edge-to-cloud smart trailer platform enables seamless integration with Hyundai Translead trailers, CalAmp’s smart trailer solar gateway and industry-leading sensor OEMs

PR Newswire

IRVINE, Calif., Sept. 14, 2021 /PRNewswire/ — CalAmp (Nasdaq: CAMP), a connected intelligence company helping businesses and people track, monitor and recover vital assets with real-time visibility and insights, has teamed up with Hyundai Translead to launch HT LinkSense with the CalAmp edge-to-cloud smart trailer technology platform. The end-to-end solution delivers actionable insights to fleet operators that maximize trailer usage and safety and enable more efficient delivery of goods.

Hyundai Translead, the leading manufacturer of dry and refrigerated trailers in North America, produced 66,097 trailers in 2019. Now with the availability of this ground-breaking solution, transportation and logistics can be reimagined to drive greater operational efficiencies at a time when supply chains, trailers and other critical components are deeply constrained.

Unlike conventional trailer management solutions, this open platform smart trailer solution provides trucking companies with granular visibility into their trailer health and utilization. By seamlessly integrating an eco-system of industry-leading sensors with CalAmp’s smart trailer solar gateway and CalAmp Telematics Cloud (CTC), fleet operators can visualize trailer location, health, and usage through the CalAmp iOn™ web application. Alternatively, they can pull these data insights into their existing enterprise management systems by using industry standard Application Programming Interface (APIs) to further streamline their operations.

CalAmp’s edge-to-cloud platform is factory-installed on Hyundai Translead trailers providing reliable business-critical intelligence about every element of a trailer, from tires and wheels to door status and the high-value cargo inside. It gives operations managers and other stakeholders total awareness of their trailers and cargo while on the road or in the yard.

Some of the initial data insights enabled through the HT LinkSense and CalAmp smart trailer solution include:

  • Tire Pressure Monitoring System (TPMS): Using accurate tire pressure sensors, fleet managers can prevent blowouts by monitoring the tire pressure of each trailer in real-time and receive alerts when the tire pressure dips below pre-set thresholds.
  • Wheel End Temperature Systems (WETS): WETS detect and monitor the temperature of the wheels on a trailer and will notify drivers when these temperature levels become unsafe which can lead to the tire becoming dislodged.
  • Door Open/Close Sensing: Operations managers can closely monitor the opening and closing of trailer doors, including the timing and location of each event, which can be critical for those carrying perishable cargo.
  • Cargo Sensing: Using precise ultrasonic sensor technology, trucking companies can monitor trailer capacity and shipment distribution before loading to maximize trailer utilization. This allows them to optimize cargo distribution for maximum safety and efficiency, particularly for large fleets.

Additional sensing capabilities will be added through OEM sensor vendors to enable visibility across all trailer elements such as air disc brake pad wear, smart brake chamber, light out detection, weight and more.

“Fleet managers rely on a multitude of sensors and telematics devices to manage their transportation and logistics operations. Trailer management systems currently on the market operate under closed platforms that limit the capture of data insights to proprietary sensors and telematics systems, resulting in fragmented processes and limiting fleet visibility,” said Sean Kenney, chief sales officer of Hyundai Translead. “Along with CalAmp, we recognized the need for a solution that could break down these silos of information and with HT LinkSense, open more opportunities for full fleet connectivity and greater operational efficiency.”

The CalAmp edge-to-cloud smart trailer platform available through Hyundai Translead will pave the way for expanded aftermarket smart trailer solutions through CalAmp’s full portfolio of Global Transportation & Logistics solutions.

“Working closely with Hyundai Translead, we’ve eliminated the barriers to real-time trailer and cargo visibility with this new open platform solution. By enabling universal connectivity through a network of industry-leading OEM sensor partners, we’re providing a single source of visibility so fleet managers can drive greater operational efficiency while making roads safer for all drivers,” said Jeff Clark, senior vice president of product management, CalAmp. “We will continue to deliver connected intelligence with our after-market smart trailer solutions that will further expand visibility to a broader array of vital assets and help our customers transform their businesses in meaningful ways.”

About Hyundai Translead
Hyundai Translead is the leading van trailer manufacturer in North America. The company manufactures dry and refrigerated van trailers as well as flatbeds, chassis, and dollies. Founded in 1989, Hyundai Translead is 100% owned by Hyundai Motor Group and is headquartered in San Diego, CA. For more information, please visit www.hyundaitranslead.com, or LinkedIn, Facebook, Twitter.

About CalAmp
CalAmp (Nasdaq: CAMP) is a connected intelligence company that helps people and businesses work smarter. We partner with transportation and logistics, industrial equipment, government and automotive industries to deliver insights that enable businesses to make the right decisions. Our applications, platforms and smart devices allow them to track, monitor and recover their vital assets with real-time visibility that reduces costs, maximizes productivity and improves safety. Headquartered in Irvine, California, CalAmp has been publicly traded since 1983. We have 22 million products installed and over 1.3 million software and services subscribers worldwide. For more information, visit calamp.com, or LinkedIn, Facebook, Twitter, YouTube or CalAmp Blog.

CalAmp, LoJack,


TRACKER


,


Here Comes The Bus


,


Bus Guardian


,


iOn Vision


,


CrashBoxx


 and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners.

 

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SOURCE CalAmp

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Thinking about trading options or stock in Apple, Moderna, GameStop, Tesla, or Bank of America?

PR Newswire

NEW YORK, Sept. 14, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for AAPL, MRNA, GME, TSLA, and BAC.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street’s opinion including a 12-month price forecast.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

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SOURCE InvestorsObserver

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Old Republic Announces Appointment Of Veronica Romano As Senior Vice President – Underwriting & Distribution Of The Old Republic General Insurance Group

PR Newswire

CHICAGO, Sept. 14, 2021 /PRNewswire/ — Old Republic International Corporation (NYSE: ORI) today announced the appointment of Veronica Romano as Senior Vice President, Underwriting & Distribution of the Old Republic General Insurance Group, Inc. (ORGIG), effective September 27, 2021. Veronica joins Old Republic’s senior leadership team in Chicago after 18 years at Zurich Insurance, where she held leadership roles in underwriting, business development, and distribution.

In making this announcement, Craig Smiddy, Old Republic’s President and CEO, noted that “Veronica brings strong underwriting acumen, as well as experience leading teams and managing distribution in several regional markets in the U.S.  Veronica’s leadership skills will add greater depth to our team, and we look forward to her contributions as ORGIG continues down the path of growth and profitability.”

About Old Republic

Chicago-based Old Republic International Corporation is one of the nation’s 50 largest shareholder-owned insurance businesses. It is a member of the Fortune 500 listing of America’s largest companies. The Company is organized as an insurance holding company whose subsidiaries actively market, underwrite, and provide risk management services for a wide variety of coverages mostly in the general and title insurance fields. A long-term interest in mortgage guaranty and consumer credit indemnity coverages has devolved to a run-off operating mode in recent years. Old Republic’s general insurance business ranks among the nation’s 50 largest, while its title insurance operations are the third largest in its industry.

The nature of Old Republic’s business requires that it be managed for the long run. Its consistent and reliable cash dividend policy reflects this long-term orientation. The current annualized dividend rate of $0.88 per share marks the 40th consecutive year that Old Republic has boosted this rate, and 2021 becomes the 80th year of uninterrupted regular cash dividend payments. Here’s a summary of recent years’ total book and market returns, which includes the addition and reinvestment of cash dividend payments, in comparison with the financial performance of three selected indices similarly developed.

ORI

Selected Indices’ Compounded

Annual

Annual

Total Annual Returns

Book Value

Market Value

Nominal

S & P

Compounded

Compounded

Gross

S & P

P&C

Total

Total

Domestic

500

Insurance

Return

Return

Product

Index

Index

Ten Years 2001 – 2010

8.0%

1.9%

3.9%

1.4%

1.0%

Ten Years 2011 – 2020

8.8%

9.9%

3.3%

13.9%

14.3%

Twenty Years 2001 – 2020

8.4%

5.8%

3.6%

7.5%

7.4%

First Six Months 2020 – only

0.6%

-25.4%

-10.2%

-3.1%

-13.5%

First Six Months 2021 – only

11.0%

35.8%

5.8%

15.2%

8.9%

 

For Old Republic’s latest news releases and other corporate documents:

Please visit us at

www.oldrepublic.com

Alternatively, please write or call:  Investor Relations

Old Republic International Corporation

307 North Michigan Avenue, Chicago, IL 60601 

 (312) 346-8100
   

 


At Old Republic:


 At Financial Relations Board:

Craig R. Smiddy, President and CEO  

 Analysts/Investors: Joe Calabrese  212/827-3772

 

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SOURCE Old Republic International Corporation

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Adobe to Webcast Q3 FY2021 Earnings Conference Call

Adobe to Webcast Q3 FY2021 Earnings Conference Call

SAN JOSE, Calif.–(BUSINESS WIRE)–
Adobe (Nasdaq:ADBE) today announced it will webcast its third quarter fiscal year 2021 earnings conference call to be held on Tuesday, Sept. 21, 2021.

What:

Adobe Third Quarter Fiscal Year 2021 Earnings Conference Call

When:

2 p.m. Pacific Time, Tuesday, Sept. 21, 2021

Where:

http://www.adobe.com/ADBE

How:

Live over the Internet; simply connect to the meeting room on the webpage above

Questions:

Contact Adobe Investor Relations at [email protected]

The live webcast will last for approximately one hour. An archive of the call will be made available for approximately 45 days.

Adobe uses its website as a channel of distribution of material company information. Financial, product and other material information regarding Adobe is routinely posted on and accessible at www.adobe.com or www.adobe.com/ADBE.

About Adobe

Adobe is changing the world through digital experiences. For more information, visit www.adobe.com.

© 2021 Adobe. All rights reserved. Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe in the United States and/or other countries. All other trademarks are the property of their respective owners.

Investor relations contact

Jonathan Vaas

Adobe

[email protected]

Public relations contact

Ashley Levine

Adobe

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Software Technology Internet Consumer Electronics

MEDIA:

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Humanigen Announces Participation and Presentation at Multiple Conferences in September

Humanigen Announces Participation and Presentation at Multiple Conferences in September

BURLINGAME, Calif.–(BUSINESS WIRE)–
Humanigen, Inc. (Nasdaq: HGEN) (“Humanigen”), a clinical-stage biopharmaceutical company focused on preventing and treating an immune hyper-response called ‘cytokine storm,’ announced that management will present and participate at multiple virtual investor conferences in September 2021. Details of the conferences are as follows:

Baird Global Healthcare Conference

Cameron Durrant, Chairman & CEO, will provide a corporate update at 5:30pm EDT on September 14, 2021. Access is limited, by the host of the conference, on an invitation only basis. Please contact your Baird representative for information on how to access the meeting.

H.C. Wainwright 23rd Annual Global Investment Conference

Cameron Durrant, Chairman & CEO participated in a panel to discuss “Best Practices Planning for the Next Pandemic”, which was pre-recorded and will be available starting at 12pm EDT on September 15, 2021.

Webcast: https://journey.ct.events/view/df4da74c-0a2c-499c-a5be-13f994a0d28f

Oppenheimer Fall Healthcare Life Sciences & MedTech Summit

Presentation date: September 22, 2021

Presentation time: 2:05 ET

Webcast: Webcast link: https://wsw.com/webcast/oppenheimer16/hgen/2752454

The webcast will be archived for 90 days under the Investor Relations section of the company’s website at www.humanigen.com.

Cantor Global Healthcare 2021

Presentation date: September 27, 2021

Presentation time: 4:40 ET

Webcast link: https://wsw.com/webcast/cantor12/hgen/2064020

The webcast will be archived for 90 days under the Investor Relations section of the company’s website at www.humanigen.com.

About Humanigen

Humanigen, Inc. (Nasdaq: HGEN) (“Humanigen”), a clinical-stage biopharmaceutical company focused on preventing and treating an immune hyper-response called ‘cytokine storm’. Lenzilumab is a first-in class antibody that binds to and neutralizes granulocyte-macrophage colony-stimulating factor (GM-CSF). Results from preclinical models indicate GM-CSF is an upstream regulator of many inflammatory cytokines and chemokines involved in the cytokine storm. Early in the COVID-19 pandemic, investigation showed high levels of GM-CSF secreting T cells were associated with disease severity and intensive care unit admission. Humanigen’s Phase 3 LIVE-AIR study suggests early intervention with lenzilumab may prevent consequences of a full-blown cytokine storm in hospitalized patients with COVID-19. Humanigen has submitted lenzilumab to Medicines and Health Regulatory Agency in the United Kingdom for a rolling review towards potential Marketing Authorization. Humanigen is developing lenzilumab as a treatment for cytokine storm associated with COVID-19 and, CD19-targeted CAR-T cell therapies, and exploring the effectiveness of lenzilumab in other inflammatory conditions such as acute Graft versus Host Disease in patients undergoing allogeneic hematopoietic stem cell transplantation, eosinophilic asthma, and rheumatoid arthritis. For more information, visit www.humanigen.com and follow Humanigen on LinkedIn, Twitter, and Facebook.

Forward-Looking Statements

All statements other than statements of historical facts contained in this press release are forward-looking statements. Forward-looking statements reflect management’s current knowledge, assumptions, judgment, and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, they give no assurance that such expectations will prove to be correct, and you should be aware that actual events or results may differ materially from those contained in the forward- looking statements. Words such as “will,” “expect,” “intend,” “plan,” “potential,” “possible,” “goals,” “accelerate,” “continue,” and similar expressions identify forward-looking statements, including, without limitation, statements regarding our plans relating to lenzilumab.

Forward-looking statements are subject to a number of risks and uncertainties including, but not limited to, the risks inherent in our lack of profitability and need for additional capital to grow our business; our dependence on partners to further the development of our product candidates; the uncertainties inherent in the development, attainment of the requisite regulatory authorizations and approvals and launch of any new pharmaceutical product; the outcome of pending or future litigation; and the various risks and uncertainties described in the “Risk Factors” sections of our latest annual and quarterly reports and other filings with the SEC.

All forward-looking statements are expressly qualified in their entirety by this cautionary notice. You should not rely upon any forward-looking statements as predictions of future events. We undertake no obligation to revise or update any forward-looking statements made in this presentation to reflect events or circumstances after the date hereof, to reflect new information or the occurrence of unanticipated events, to update the reasons why actual results could differ materially from those anticipated in the forward-looking statements, in each case, except as required by law.

Humanigen Investor Relations

Ken Trbovich

Humanigen

[email protected]

650-410-3206

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Biotechnology Pharmaceutical Health Clinical Trials

MEDIA:

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Thinking about trading options or stock in Axsome Therapeutics, Advanced Micro Devices, AMC Entertainment, First Solar, or Pfizer?

PR Newswire

NEW YORK, Sept. 14, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for AXSM, AMD, AMC, FSLR, and PFE.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street’s opinion including a 12-month price forecast.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

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SOURCE InvestorsObserver

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Thinking about buying stock in SeaChange, SmileDirectClub, Li-Cycle, Wheels Up, or Eyegate Pharmaceuticals?

PR Newswire

NEW YORK, Sept. 14, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for SEAC, SDC, LICY, UP, and EYEG.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/thinking-about-buying-stock-in-seachange-smiledirectclub-li-cycle-wheels-up-or-eyegate-pharmaceuticals-301376527.html

SOURCE InvestorsObserver

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Eastern Bank Welcomes A-COM Integrated Solutions as a Commercial Customer

Eastern Bank Welcomes A-COM Integrated Solutions as a Commercial Customer

Provides Comprehensive Treasury Solution Services Including $9 Million Revolving Line of Credit

BOSTON–(BUSINESS WIRE)–Eastern Bank is pleased to announce A-COM Integrated Solutions (A-COM) as a new commercial banking customer. Founded in 1973, A-COM is a family-owned security, home and business automation company offering services to benefit increasingly mobile lifestyles. With decades of experience in the safety and fire protection industry, it serves more than 20,000 customers with advanced business management and security in such areas as intrusion, access, surveillance, cyber security risk assessment and proactive IT monitoring. Eastern is providing a full banking solution to A-COM, which includes a revolving line of credit.

“For more than 45 years, providing customers with peace of mind over the security and protection of their homes, businesses and data has been central to our business philosophy,” said Wayne Beck, CEO and Founder of A-COM. “Eastern understands our model, has ensured a smooth process for managing our working capital and daily treasury needs, and offers the resources to support our future plans as new opportunities form from our customers’ changing needs.”

“A-COM is known for its commitment to excellence in customer service and giving back to the community,” said Greg Buscone, Executive Vice President, Senior Commercial Banking Officer of Eastern Bank. He added, “We are pleased to provide our banking solutions and look forward to working with them.”

Eastern provides a range of commercial financing offerings to help companies across many industries to improve cash flow, increase efficiencies and build for the future. Commercial lending solutions include working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing, asset-based lending and employee stock ownership plan-related financing.

The Commercial Banking team advising A-COM includes Executive Vice President, Senior Commercial Banking Officer Greg Buscone, Senior Vice President and Commercial Team Leader Brendan O’Neill, and Senior Vice President and Commercial Relationship Manager Matthew Hunt.

About Eastern Bank

Founded in 1818, Boston-based Eastern Bank has more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. As of June 30, 2021, Eastern Bank had approximately $17 billion in total assets. Eastern provides banking, investment and insurance products and services for consumers and businesses of all sizes, including through its Eastern Wealth Management division and its Eastern Insurance Group LLC subsidiary. Eastern takes pride in its outspoken advocacy and community support that includes $240 million in charitable giving since 1994. An inclusive company, Eastern employs approximately 1,900 deeply committed professionals who value relationships with their customers, colleagues and communities. Join us for good at www.easternbank.com and follow Eastern on Facebook,LinkedIn,TwitterandInstagram. Eastern Bankshares, Inc. (Nasdaq Global Select Market: EBC) is the stock holding company for Eastern Bank. For investor information, visit investor.easternbank.com.

Media contact:

Andrea Goodman

Eastern Bank

[email protected]

781-598-7847

Investor contact:

Jill Belliveau

Eastern Bankshares, Inc.

[email protected]

781-598-7920

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Small Business Banking Professional Services Finance

MEDIA:

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Resideo Names Dana Huth Executive Vice President, Chief Revenue Officer

PR Newswire

AUSTIN, Texas, Sept. 14, 2021 /PRNewswire/ — Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products, today announced that Dana Huth will join the company in the newly created position of executive vice president, chief revenue officer, effective immediately.

Huth brings more than 30 years of executive leadership experience in running businesses, global sales teams and market development. He will report to President and CEO Jay Geldmacher. Huth most recently served as the chief revenue officer for Advanced Energy, a leading global power conversion manufacturer.

Prior to this role, Huth served as president of Artesyn Embedded Power, where he had P&L responsibility with more than 8,000 employees globally. He also held the position of president of Global Sales for Emerson Embedded Power. In this role, he established two new business units for Emerson, the Key Accounts & Distribution business, and the Consumer business, which grew to more than $750M in annual revenue collectively. Huth also grew Artesyn’s hyperscale business from zero to more than $300M in annual revenue, with leading cloud customers around the world in this adjacent market. He joined Artesyn, formerly Emerson Network Power, in 2008 through Emerson’s acquisition of Motorola’s Embedded Computing business. Huth held senior management positions within Motorola, including vice president of Worldwide Sales & Market Development, vice president of Global Accounts, and vice president of Sales for Asia Pacific & Japan since 2004.

Preceding Motorola, Huth spent more than 19 years with Avnet Inc., one of the world’s largest value-added distributors and systems integrators of electronic components, computer products and embedded technology. He was responsible for the corporate business development team at Avnet Computer Marketing Group overseeing more than 50 supplier relationships globally, including the expansion of the IBM partnership via M&A activity to consolidate their channels to market. He held a variety of other positions in the Avnet organization, including product marketing, sales district/regional and North American sales management.

“Huth has a proven track record leading businesses, global sales organizations, developing customer relationships and scaling new business units,” said Jay Geldmacher, president and CEO of Resideo. “His leadership and experience will be invaluable as we continue to develop and establish both short and long-term profitable global revenue growth strategies.”

“I am excited to join Resideo, whose core business and technologies are essential to so many people around the world,” said Huth. “I look forward to leading the ongoing endeavor of leveraging Resideo’s best-in-class core businesses to advance our go-to-market strategy and create new revenue streams.”

About Resideo

Resideo is a global leader found in more than 150 million homes and 100 countries around the world. Built on our long heritage, we provide home comfort and security solutions while distributing security and audio-visual products. We work every day to make homes safe, secure, comfortable and energy efficient. We develop bold solutions to challenging problems, and do so with our customers, our communities and our planet in mind. For more information about Resideo, please visit www.resideo.com.


Contacts:


Investors:


Media:

Jason Willey

Oliver Clark


[email protected]  


[email protected]

 

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SOURCE Resideo Technologies, Inc.

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Backcast Partners provides senior secured debt and preferred equity to finance a new platform for Turnspire Capital Partners

PR Newswire

NEW YORK, Sept. 14, 2021 /PRNewswire/ — Backcast Partners Management, LLC (“Backcast”), a provider of capital for both middle market private equity and non-private equity owned companies, is pleased to announce its most recent investment supporting the acquisition by Turnspire Capital Partners (“Turnspire”) of the Daniel Measurement and Control business (“Daniel” or the “Company”) from Emerson Electric Co. (NYSE: EMR).

Headquartered in Houston with a state-of-the-art, strategically located manufacturing facility in Chihuahua, Mexico, Daniel is a global leader in providing flow and energy measurement technologies and services to the natural gas and refined hydrocarbon industries. With an 85-year heritage as the preeminent supplier of engineered solutions for flow measurement in custody transfer applications, Daniel is the most trusted brand for customers across the energy and hydrocarbon supply chain.

Backcast Managing Partner Mark Gudis said “Daniel is the global leader in the energy test and measurement instrumentation sector with best-in-class technology and manufacturing excellence, which we expect to be significantly augmented with the addition of Keith Barnard, a seasoned CEO in energy services.  We are excited to once again support Turnspire as they pursue attractive organic growth opportunities and a strong pipeline of strategic acquisition opportunities, particularly in light of Turnspire’s strong track record of investing in carveouts.” 

Backcast’s investment consisted of senior secured debt and an equity co-investment. “Backcast has once again been an ideal partner to work with on this transaction,” said Abel S. Osorio, a Partner at Turnspire. “This was a complex and iterative transaction and Backcast’s significant industry knowledge, ability to understand the complex nature of a carveout into a standalone company, and conviction to get it across the finish line reinforced why they are such a value-added partner.”

Backcast was represented in the transaction by Greenberg Traurig LLP.

About Backcast Partners
Formed in 2016, Backcast provides thoughtful and customized capital solutions across the capital stack to middle market companies. Backcast’s Managing Partners have been supporting traditional middle market companies for decades.  Backcast, with assets under management of over $775 million, targets investment sizes from $10 – $100 million in both sponsored and non-sponsored companies.  The firm has offices in New York City, Millburn, NJ, and Los Angeles, CA.

For more information, please contact:


Mark Gudis, Managing Partner



[email protected]


(973) 512-7487


www.backcastpartners.com

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SOURCE Backcast Partners