Latest news with #Ridgemont
Yahoo
6 days ago
- Business
- Yahoo
Ridgemont Equity Partners Leads Recapitalization of Unosquare
CHARLOTTE, N.C., June 12, 2025--(BUSINESS WIRE)--Ridgemont Equity Partners ("Ridgemont"), a middle market private equity investor, today announced its investment in Unosquare, LLC ("Unosquare" or the "Company"), a leading provider of nearshore AI-enabled digital engineering and data and analytics solutions. The Company currently serves US-based customers across diverse sectors, with specialization in financial services, healthcare, higher education, and technology. Unosquare has a team of over 1,000 professionals on three continents, with the majority of its delivery professionals residing in Latin America. "After multiple years evaluating opportunities in this dynamic sector as part of Ridgemont's business services vertical, we are thrilled to partner with Giancarlo Di Vece, CEO, and the exceptional management team at Unosquare. Unosquare is a strong fit for Ridgemont, and we see meaningful opportunities to support the Company by leveraging our network of industry operating executives and applying Ridgemont's value-creation playbook," said Anthony Cassano, Partner at Ridgemont. Ryan Shanahan, Principal at Ridgemont added, "We were particularly impressed by Unosquare's operational excellence, which is evident in its outstanding employee and customer satisfaction, strong retention rates, and industry-leading performance. We look forward to supporting the Company's continued growth, both organically and through targeted acquisitions, in this attractive and highly fragmented market." "We are thrilled to partner with Ridgemont, a move that marks a pivotal step in accelerating Unosquare's growth and reinforcing our position as a premier global digital engineering firm," said Giancarlo Di Vece, CEO of Unosquare. "Ridgemont brings strategic insight and deep industry expertise that align perfectly with our vision for the future. Together, we will drive transformative innovation – particularly in data-driven solutions and AI-powered engineering – while continuing to expand our global reach. At the same time, we remain firmly committed to our core values: putting people first, delivering outstanding client outcomes, and maintaining operational excellence." Unosquare's founder and management team will remain significantly invested in the Company alongside Ridgemont. Baird and Goodwin Procter LLP served as financial and legal advisors to Ridgemont, respectively. Clearsight Advisors, Inc. and Benesch served as financial and legal advisors to Unosquare, respectively. Debt financing for the transaction was provided by Crescent Direct Lending, Barings, and Reinsurance Group of America, Inc. About Unosquare: Unosquare is a global digital engineering partner delivering enterprise solutions with advanced capabilities and strategic positioning for data-intensive industries. Leveraging over 1,000 delivery professionals across North America, Latin America, and Europe, Unosquare harnesses the power of data, AI, and agile innovation to drive transformative outcomes for clients worldwide. About Ridgemont Equity Partners: Ridgemont Equity Partners is a Charlotte-based middle market private equity firm that has provided buyout and growth capital to industry-leading companies in the business services, industrials, and healthcare sectors for three decades. The principals of Ridgemont have demonstrated an industry-focused model designed to build distinctive middle market companies. View source version on Contacts info@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
6 days ago
- Business
- Business Wire
Ridgemont Equity Partners Leads Recapitalization of Unosquare
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Ridgemont Equity Partners ('Ridgemont'), a middle market private equity investor, today announced its investment in Unosquare, LLC ('Unosquare' or the 'Company'), a leading provider of nearshore AI-enabled digital engineering and data and analytics solutions. The Company currently serves US-based customers across diverse sectors, with specialization in financial services, healthcare, higher education, and technology. Unosquare has a team of over 1,000 professionals on three continents, with the majority of its delivery professionals residing in Latin America. 'After multiple years evaluating opportunities in this dynamic sector as part of Ridgemont's business services vertical, we are thrilled to partner with Giancarlo Di Vece, CEO, and the exceptional management team at Unosquare. Unosquare is a strong fit for Ridgemont, and we see meaningful opportunities to support the Company by leveraging our network of industry operating executives and applying Ridgemont's value-creation playbook,' said Anthony Cassano, Partner at Ridgemont. Ryan Shanahan, Principal at Ridgemont added, 'We were particularly impressed by Unosquare's operational excellence, which is evident in its outstanding employee and customer satisfaction, strong retention rates, and industry-leading performance. We look forward to supporting the Company's continued growth, both organically and through targeted acquisitions, in this attractive and highly fragmented market.' 'We are thrilled to partner with Ridgemont, a move that marks a pivotal step in accelerating Unosquare's growth and reinforcing our position as a premier global digital engineering firm,' said Giancarlo Di Vece, CEO of Unosquare. 'Ridgemont brings strategic insight and deep industry expertise that align perfectly with our vision for the future. Together, we will drive transformative innovation – particularly in data-driven solutions and AI-powered engineering – while continuing to expand our global reach. At the same time, we remain firmly committed to our core values: putting people first, delivering outstanding client outcomes, and maintaining operational excellence.' Unosquare's founder and management team will remain significantly invested in the Company alongside Ridgemont. Baird and Goodwin Procter LLP served as financial and legal advisors to Ridgemont, respectively. Clearsight Advisors, Inc. and Benesch served as financial and legal advisors to Unosquare, respectively. Debt financing for the transaction was provided by Crescent Direct Lending, Barings, and Reinsurance Group of America, Inc. About Unosquare: Unosquare is a global digital engineering partner delivering enterprise solutions with advanced capabilities and strategic positioning for data-intensive industries. Leveraging over 1,000 delivery professionals across North America, Latin America, and Europe, Unosquare harnesses the power of data, AI, and agile innovation to drive transformative outcomes for clients worldwide. About Ridgemont Equity Partners: Ridgemont Equity Partners is a Charlotte-based middle market private equity firm that has provided buyout and growth capital to industry-leading companies in the business services, industrials, and healthcare sectors for three decades. The principals of Ridgemont have demonstrated an industry-focused model designed to build distinctive middle market companies.
CBS News
10-05-2025
- Business
- CBS News
Customers not ready to say goodbye to Parkway Center Giant Eagle
Many shoppers aren't ready to say goodbye to their neighborhood Giant Eagle. The sound of rolling shopping carts and the sight of shoppers tossing groceries into their trunks will soon become a thing of the past at the Parkway Center Giant Eagle. "I'm sorry to see it go," said Nancy Best. "I'll miss it," said LaCreece Roston. After more than 40 years in business, the store is closing for good on June 28. The pharmacy will shut down on May 21. Life-long customers in Pittsburgh's Ridgemont neighborhood told KDKA on Friday that it's a shame they have to say goodbye to the store. "Our family has been in the area for 65 years, and we've been coming to this store since it's been open. So, you know the people," Best said. "I'm not happy about it. It's been here before the Parkway Center Mall was here. And it's been here for years, and I've lived in the area for almost 50 years," said Emily Rider. "I felt very sad because I've been going here since I was born, the store is older than I am. I was here whenever the old mall was here, so it was a big part of my childhood," said a shopper named Lindsey. A Giant Eagle spokesperson said it was not an easy decision, but it would've needed to invest too much money in the store and the surrounding development. "We live close, so it was really convenient and you missed a lot of traffic coming to this one," Roston said. "When they opened the other one, I thought this was just a matter of time. They're too close," Nancy Best said. The company said it believes its locations on Noblestown Road and in Crafton will serve Parkway Center customers well. Giant Eagle opened the store on Noblestown Road a few months ago. "Have to go to Noblestown Road, which is a little bit more of a drive. Not much further, but it is further. When my kids were young, they would walk up here," Rider said. "It's not too inconvenient with the new one, the new location, but we were just used to this one, used to the people, the personalities," Roston said. It's going to take shoppers some time getting used to a new grocery trip routine. "This one's more convenient, I like it here," Quincy said. When the grocery store's pharmacy closes later this month, Giant Eagle said customers can have their prescriptions transferred to any other location. The company said all 75 Parkway Center employees will also be offered jobs at nearby stores.
