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Nov. 28, 2022: Berringer Invests in Not-for-Profit Fundraising Tech

Plus, Trilantic’s Outdoor Living Supply makes another acquisition, and Palm Beach exits safety equipment manufacturer

Nov. 28, 2022: Berringer Invests in Not-for-Profit Fundraising Tech

Read the top headlines for Monday, November 28, 2022 below:

Trilantic’s Outdoor Living Supply Makes Another Acquisition

Outdoor living supply, a portfolio company of middle-market private equity firm Trilantic Capital Management, announced its latest acquisition in Tahoe Sand & Gravel. OLS is a distribution platform for outdoor living products; Tahoe Sand & Gravel, meanwhile, distributes bulk materials, masonry supplies, and hardscapes. In a statement, OLS CEO Brian Price described Tahoe Sand & Gravel as “the perfect complement to our other branches in this market.”

He pointed to previous acquisitions of Parker Hardscapes and The Rock Garden. Earlier this month OLS also acquired LandCare Associates, while in September the business acquired Stone Garden.

Palm Beach Exits Safety Equipment Manufacturer

Palm Beach Capital’s Fund III announced its successful exit of safety and survivability equipment manufacturer Cadre Holdings, according to a recent press release. Palm Beach said it realized proceeds equal to 9.3x invested capital since first acquiring the business in 2012 in a partnership with Kanders & Co. In that timeframe, Cadre made 13 acquisitions and completed its IPO in November of 2021. Its growth included expanded its product lines, customer base and global footprint.

VeraData Secures Backing from Beringer Capital

Private equity firm Beringer Capital, which specializes in the media, marketing services and technology industries, announced its investment in VeraData, a fundraising acceleration platform designed for not-for-profit organizations. VeraData said it will use the funding to invest in talent, capabilities and technology in an effort to broaden its fundraising and analytics solutions for end-customers. “With the speed of digital transformation, there is significant demand for donor analytics and fundraising acceleration tools in the NFP industry,: said Berringer managing partner Gil Ozir in a statement. “VeraData is poised for rapid growth, and we are delighted to work with the team at VeraData on their next chapter.”