Private Equity<\/a> invests in lower middle-market businesses across North America. According to the organization\u2019s website, the entity has more than nine portfolio investments. It focuses on four key sectors: business services, consumer staples, healthcare and venture capital.\u00a0<\/p>\n\u201cFengate brings long-term capital, experience in the pharma services space and the resources to help us grow and expand our reach,\u201d Keskiner explained. \u201cJust as importantly, Fengate is a second-generation, founder-owned and led business. The team understands the dedication and long-term thinking required to build a company over decades. We felt they respected what we\u2019ve built at CRWF and shared our commitment to our employees and patients.\u201d\u00a0<\/p>\n
He added that the \u201ccurrent team will remain actively involved as we plan for CRWF\u2019s next phase of growth,\u201d which will be \u201csupported by an expanding leadership and clinical team.\u201d The organization plans to continue to invest in capabilities and infrastructure as well.\u00a0<\/p>\n
\u201cLonger term, we want to bring CRWF\u2019s approach to more communities across the southeast, both by developing new sites and partnering with strong independent research sites.\u201d\u00a0<\/p>\n
The acquisition is Fengate Private Equity\u2019s second pharma services platform investment.\u00a0<\/p>\n
\u201cCRWF has built an exceptional 30-year track record defined by strong patient care, clinical excellence and trusted sponsor relationships,\u201d said Fengate Private Equity managing director Maxim Tcherner in a prepared statement. \u201cClinical research is a priority within our healthcare strategy, and we believe CRWF is the right platform to build a leading regional network while preserving the qualities that have made the company successful.\u201d<\/p>\n
Clinical Research of West Florida website\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Toronto-based investment firm Fengate Private Equity, a division of Fengate Asset Management, has acquired a majority stake in…\n","protected":false},"author":2,"featured_media":445395,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[202,204,203,199,201,200],"class_list":["post-445394","post","type-post","status-publish","format-standard","has-post-thumbnail","category-st-petersburg","tag-st-pete","tag-st-pete-headlines","tag-st-pete-news","tag-st-petersburg","tag-st-petersburg-headlines","tag-st-petersburg-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/445394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=445394"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/445394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/445395"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=445394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=445394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=445394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}