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Private Equity
FINANCE | Investment Firms & Funds
waudcapital.com

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Investments

21

Portfolio Exits

9

Funds

10

Partners & Customers

8

About Waud Capital Partners

Waud Capital Partners is a private equity that partners with management teams to invest in middle-market growth equity investments, buyouts, industry consolidations, and recapitalizations. It invests in private companies in the following four areas such as healthcare services, business, consumer and government services, specialty distribution, and value-added industrial. The company was founded in 1993 and is based in Chicago, Illinois.

Headquarters Location

300 North LaSalle Street Suite 4900

Chicago, Illinois, 60654,

United States

312-676-8400

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Latest Waud Capital Partners News

Waud Capital Partners Appoints Chad Birckelbaw as Operating Partner

Nov 7, 2022

News provided by Share this article Share this article CHICAGO, Nov. 7, 2022 /PRNewswire/ -- Waud Capital Partners ("WCP"), a growth-oriented, middle-market private equity firm, announced the appointment of Chad Birckelbaw as an operating partner, effective immediately. In this role, Mr. Birckelbaw will work with WCP's software and technology investment team to support both existing and new platform investments primarily across the knowledge technology sector, a space WCP has deep expertise in through its current investments in HSI, Career Certified (f/k/a The CE Shop), and Lifelong Learner. Mr. Birckelbaw's appointment demonstrates WCP's continued commitment to investing in business models that combine content, technology, and domain expertise in sectors including human capital, compliance, education, and information services. Mr. Birckelbaw brings more than 30 years of operating experience across multiple sectors with a strong track record of growth. He currently serves as Chief Executive Officer of HSI, a WCP portfolio company that provides comprehensive safety, compliance, employee development, and training software. He has served as the CEO of HSI since 2016, leading a period of rapid growth and transformation for the business. Since partnering with WCP in 2019, Mr. Birckelbaw has led the business through rapid organic and inorganic growth, filling key software and content solution gaps, expanding internationally, increasing scale, and driving a transformational change in the Company's financial profile. Mr. Birckelbaw will continue to serve in his role as CEO of HSI. Prior to HSI, Mr. Birckelbaw served as the President and CEO of FairPay Solutions, a workers' compensation cost containment and payment integrity specialist. He started his career at State Farm Insurance where he held various management roles. Mr. Birckelbaw also currently serves on the board of Career Certified (f/k/a The CE Shop), a WCP portfolio company which provides compliance-mandated digital career education solutions. "I'm excited about the opportunity to continue my partnership with WCP seeking to build exceptional companies" said Mr. Birckelbaw. "Through HSI, I've seen firsthand the power of WCP's executive centric approach and dedicated ecosystem resources. It's a differentiated strategy amongst private equity and I'm excited to apply that model to support other companies across the knowledge technology sector." "We are thrilled to have Chad as an operating partner at Waud Capital," said Rich Roggeveen, Principal at WCP. "The knowledge technology sector is an ever-evolving market. Partnerships with proven operators like Chad allow us to pursue differentiated avenues to create transformational growth at our current and future portfolio companies." "The partnership with Chad is another example of WCP's commitment to its disciplined process of identifying and partnering with leading executives in attractive software and technology niches," said Justin DuPere, Partner at WCP. "We appreciate all of the contributions Chad has made to date and could not be happier to continue working together to build great companies." About Waud Capital Partners Waud Capital Partners is a growth-oriented private equity firm with total capital commitments of approximately $3.7 billion since its founding in 1993. WCP seeks to partner with strong management teams to build market-leading companies within two industries: healthcare services and software/technology. Since its founding, WCP has successfully completed more than 400 investments, including platform companies and follow-on opportunities. To learn more, visit www.waudcapital.com . WCP Investment Team Contact:

Waud Capital Partners Investments

21 Investments

Waud Capital Partners has made 21 investments. Their latest investment was in Ivy Rehab Network as part of their Recap on October 10, 2022.

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Waud Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/4/2022

Recap

Ivy Rehab Network

Yes

1

4/14/2021

Private Equity

TeamSnap

Yes

2

7/25/2019

Private Equity

Illinois Gastroenterology Group

Yes

1

10/3/2017

Private Equity

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10

9/21/2017

Private Equity

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10

Date

10/4/2022

4/14/2021

7/25/2019

10/3/2017

9/21/2017

Round

Recap

Private Equity

Private Equity

Private Equity

Private Equity

Company

Ivy Rehab Network

TeamSnap

Illinois Gastroenterology Group

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Amount

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

1

10

10

Waud Capital Partners Portfolio Exits

9 Portfolio Exits

Waud Capital Partners has 9 portfolio exits. Their latest portfolio exit was iOffice + SpaceIQ on July 01, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/1/2021

Acq - Fin - II

$99M

1

6/15/2021

Acq - Fin

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$99M

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10

11/17/2016

Acquired

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$99M

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10

4/14/2016

Management Buyout

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$99M

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10

2/25/2015

Acquired

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$99M

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10

Date

7/1/2021

6/15/2021

11/17/2016

4/14/2016

2/25/2015

Exit

Acq - Fin - II

Acq - Fin

Acquired

Management Buyout

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Waud Capital Partners Acquisitions

17 Acquisitions

Waud Capital Partners acquired 17 companies. Their latest acquisition was PromptCare on August 27, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/27/2021

Debt

$99M

$19.88M

Acq - Fin

1

9/3/2019

Private Equity

$99M

Acq - Fin - III

1

12/6/2018

$99M

Acq - Fin

1

7/10/2017

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$99M

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10

5/9/2016

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$99M

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10

Date

8/27/2021

9/3/2019

12/6/2018

7/10/2017

5/9/2016

Investment Stage

Debt

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$19.88M

Note

Acq - Fin

Acq - Fin - III

Acq - Fin

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Sources

1

1

1

10

10

Waud Capital Partners Fund History

10 Fund Histories

Waud Capital Partners has 10 funds, including WCP Single Asset Continuation Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/4/2022

WCP Single Asset Continuation Fund

1

4/21/2020

Waud Capital Partners QP V

$910.93M

2

4/21/2020

Waud Capital Partners FIF V

$910.93M

2

4/21/2020

Waud Capital Partners V

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$99M

10

2/22/2016

Waud Capital Partners IV

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$99M

10

Closing Date

10/4/2022

4/21/2020

4/21/2020

4/21/2020

2/22/2016

Fund

WCP Single Asset Continuation Fund

Waud Capital Partners QP V

Waud Capital Partners FIF V

Waud Capital Partners V

Waud Capital Partners IV

Fund Type

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Status

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Amount

$910.93M

$910.93M

$99M

$99M

Sources

1

2

2

10

10

Waud Capital Partners Partners & Customers

8 Partners and customers

Waud Capital Partners has 8 strategic partners and customers. Waud Capital Partners recently partnered with TeamSnap on April 4, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

4/14/2021

Client

United States

Waud Capital Completes Growth Capital Partnership with TeamSnap.

Our partnership with TeamSnap is another key example of the Waud Capital Partners strategy of matching experienced executive leadership with the best platforms for growth .

1

12/22/2020

Partner

United States

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10

10/16/2019

Partner

United States

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10

9/3/2019

Partner

United States

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10

11/7/2018

Partner

United States

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10

Date

4/14/2021

12/22/2020

10/16/2019

9/3/2019

11/7/2018

Type

Client

Partner

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Waud Capital Completes Growth Capital Partnership with TeamSnap.

Our partnership with TeamSnap is another key example of the Waud Capital Partners strategy of matching experienced executive leadership with the best platforms for growth .

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Sources

1

10

10

10

10

Waud Capital Partners Team

2 Team Members

Waud Capital Partners has 2 team members, including current Senior Vice President, Edward Sohn.

Name

Work History

Title

Status

Edward Sohn

Senior Vice President

Current

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Name

Edward Sohn

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Work History

Title

Senior Vice President

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Status

Current

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