NEWS
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ZSi-Foster, an Ideal Tridon Company, Completes Acquisition of Hydra-Zorb
Bringing Together the Leaders in Pipe, Hose and Tube Clamping
Brook & Whittle Announces Acquisition of Label Impressions
Transaction Expands Brook & Whittle's Geographic Presence to the West Coast
Brook & Whittle Expands Shrink Sleeve Label Capability
Transaction Further Enhances Brook & Whittle's Leading Position in Shrink Sleeve Labels
Velocity Financial Announces $45 Million Equity Offering and Financing Amendments
Velocity Financial, Inc. (NYSE: VEL), (the "Company," "Velocity," "we" or "our") today announced that it has reached an agreement to issue and sell $45 million of Series A Convertible Preferred Stock and warrants to purchase shares of the Company's common stock to investment funds affiliated with Snow Phipps Group, LLC ("Snow Phipps") and TOBI III SPE I LLC ("TOBI").
Snow Phipps Completes Sale of Kele
Since acquiring Kele in October 2015, Snow Phipps has invested significantly in the Company and completed several add-on acquisitions. During that time, the Company has greatly expanded its digital platform, transformed its relationships with key supply partners and expanded into new geographies and end markets.
Ideal Tridon Completes Transformational Acquisition of ZSi Foster
Headquartered in Canton, Michigan, ZSi-Foster is a specialty manufacturer and supplier of pipe, hose and conduit support and fastening solutions including clamps, strut and strut fittings, and hydraulic and pneumatic hose fittings, across a diverse range of end markets.