With over 40 years of entrepreneurial experience, we have unlocked the mystery on how to spot emerging talent, technology and markets. In my role as portfolio executive, I work closely with our chairman, Cosmo DeNicola, to uncover business opportunities that our unique set of assets and resources can accelerate. Combined, we have founded 7 businesses, acquired 10 companies, took one business public and sold three to Global Public Entities.
One of the things we never lose sight of is our role in working with early-stage entrepreneurs. We do this through an open and transparent process, where we collaborate in establishing goals regarding personal and business needs and exit strategies.– David Gulian
An important realization occurred when we discovered the value of many of our internal workflows & processes. As our group of companies grew and diversified, we recognized that there were common needs that each company had and common solutions to satisfying those needs. They included working capital, HR, accounting, banking, risk management, tax/legal and IT, so we established a shared services group that would provide a powerful platform, upon which early-stage companies can accelerate their growth. This platform, when integrated with decades of business experience, proven track record, and a talented management team, leads to the non-disruptive growth and success of a business.
One of the things we never lose sight of is our role in working with early-stage entrepreneurs. We do this through an open and transparent process, where we collaborate in establishing goals regarding personal and business needs and exit strategies.
Our focus is on markets such as Healthcare and large Enterprise Technology Innovations. Our specific interest is in building companies with recurring revenue, predictable cash flows, strong growth in large markets.
Examples have been electronic medical records, enterprise mobility and secured mobile communications. It started with Allen Iverson… when I saw Cosmo at a Philadelphia Sixers game. We discussed how mobility was going to be an explosive market for Healthcare and supply chains. Within 2 weeks, we formed Infologix and grew from $0 to 62MM in 5 years. We provided technology and services solutions to over 1,800 Hospitals and 500 fortune 5000 enterprise companies. In 2006 we realized we needed to grow and diversify, so we decided to do it through an IPO with the guidance of the Iconic Pete Musser, the former CEO of Safeguard Scientific. We continued to grow, and in 2011 we sold Infologix to Stanley Black and Decker.
The proverbial light bulb went off and we started to leverage our ecosystem of customers, technology platform, infrastructure and investment capital to do strategic acquisitions. Some examples include the formation of Logistar in August 2011, an SAP Consulting Company, which we sold to Ernst and Young in 2014. Two months later, we launched Pursuit Healthcare Advisors, a Healthcare Consulting Company, which we sold in 2017 to Atos.
We are proud of the performance of our portfolio companies, and the teams that drive them. We recognize the importance of our reputation for delivering great companies to our buyers, and successful endings for our entrepreneurial leaders. We continue to look for unique growth opportunities in our target markets.
