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Platinum Equity Buys OAO Technology Solutions

socalTECH

Los Angeles-based Platinum Equity has acquired OAO Technology Solutions , a provider of managed IT services and solutions based in Maryland, the firm announced this morning. Financial terms of the acquisition were not announced. Platinum Equity said it acquired OAO Technology Solutions from an affiliate of J.F.

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Vereco Acquired By Stella Point Capital

socalTECH

Laguna Niguel-based Vereco , a hospital and healthcare document management provider and outsourcer, has been acquired by private equity investor Stella Point Capital. The acquisition was financed by a senior credit facility from Monroe Capital LLC. Financial details of the deal were not annoucned.

Capital 100
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HandsOn3 Buys BancTec

socalTECH

Santa Monica-based buyout fund HandsOn3 said Thursday that it has acquired BancTec , a business process outsourcing (BPO) company based in Dallas, Texas. banctec handson3 buyout private equity merger acquisition business process outsourcing dataforce group' Financial terms of the buy were not disclosed. READ MORE>>.

Outsource 138
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The Gores Group Buys GE Healthcare Strategic Sourcing

socalTECH

Los Angeles-based private equity investor The Gores Group announced this morning that it has completed the acquisition of GE Healthcare STrategic Sourcing , from GE Healthcare. and provides electronic billing and electronic medical records outsourcing. Financial terms of the buy were not disclosed. READ MORE>>.

Outsource 153
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TaskUs Takes $250M From Blackstone

socalTECH

Santa Monica-based business outsourcing service provider TaskUs , founded by Bryce Maddock and Jaspar Weir, said this morning that it has raised $250M in an investment round. The investment came from private equity investor Blackstone Group. According to TaskUs, the funding round values the company at $500M. READ MORE>>.

Outsource 100
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ClearLight Partners Sells Portfolio Firm

socalTECH

Newport Beach-based private equity firm ClearLight Partners said earlier this week that it has agreed to sell The Outsource Group , one of its portfolio companies, to Parallon Business Solutions , a subsidiary of HCA Holdings. The OutSource Group was based in St. Financial terms of the deal wre not disclosed. READ MORE>>.

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Maintain Your Startup Motivation While Working Harder

Startup Professionals Musings

That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing more than sweat, instead of the desired sweat equity. This may also be the moment when you get your first big acquisition offer, rather than a clone appearing.

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