Cherry Tree advises Advance Equipment Company in its sale to the Morwest Group of Companies.

Cherry Tree advises Advance Equipment Company in its sale to the Morwest Group of Companies.

Morwest Acquires Advance Equipment Company


We are excited to announce that, effective May 1, 2020, Advance Triwest Equipment, Ltd. has acquired Advance Equipment Company. Advance Triwest Equipment Ltd. is part of Morwest Group which includes Morwest Crane and Service out of Calgary, Canada and Triwest Crane out of Seattle, Washington.

Advance Equipment Company and Morwest Crane and Services have been working together on projects, both in the U.S. and in Canada for more than 32 years.

 The Advance Shoring Company and the Advance Specialties Company remains under the same prior ownership, so nothing has changed with them.  
With this change, we will have a much more extensive inventory and range of Wolff Tower Cranes. 
We will still be offering our extensive fleet of Champion Hoist as rentals and service. 

Advance Triwest Equipment, Ltd. has also taken over the Putzmeister Dealership and territory from Advance Equipment Company. We will be offering the same award-winning sales and service of the Putzmeister Concrete Pump and Telebelt lines, as we have done for the last 30+ years.  
All of Advance Equipment Company’s employees have been transferred to Advance Triwest Equipment Ltd., so there should be no change in the experienced crew that will be there to support you on all of your projects.  
We invite you to reach out to our Integration Manager Frazer Rasmussen @ 346-236-5899 if you have any questions, or contact your existing Advance contact.  
Advance Triwest Equipment, Ltd. & Advance Equipment Company 
We are still operating out of our original Advance Equipment Company location @ 1400 Jackson Street, St. Paul, MN 55117, but we do have new landline phone numbers, and new email addresses (all of our cell #’s have remained the same): Main landline: 612-248-9009     

Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.

Cherry Tree Advises OurFamilyWizard on an Investment by Spectrum Equity

Cherry Tree Advises OurFamilyWizard on an Investment by Spectrum Equity

Spectrum Equity Invests in OurFamilyWizard

Minneapolis, MN — OurFamilyWizard, the world’s most trusted co-parenting application, announced today that it has received a significant investment from Spectrum Equity, a leading growth equity firm whose investments include SurveyMonkey, Headspace, The Knot Worldwide and Ancestry. The funds will be used to further invest in products to help families more effectively organize and communicate, improving the lives of their children. The company also announced that Nick VanWagner has been appointed as Chief Executive Officer.

Nick most recently served as the SVP of Product & Operations at When I Work, a subscription software company. Before that, he spent six years leading the Insights team at LinkedIn, where he helped build valuable experiences to connect and engage users.

“As I’ve gotten to know the OurFamilyWizard and Spectrum teams, I was drawn to the opportunity to lead a company that is fundamentally improving the lives of families,” he said. “I’m inspired by the opportunity to build on our leading market position and bring more awareness of the value OurFamilyWizard can provide.”

Founded in 2001, OFW provides both families and the professionals who serve them with the tools necessary for more seamless and successful co-parenting. Nearly one million users have leveraged OFW to share calendars, messages, journals, files, expenses and important information such as health and school records. The platform is recommended by courts in all 50 US states, Canada, the United Kingdom, New Zealand and Australia.

Judges, family law attorneys and mental health practitioners also use OFW in their practices to help parents maintain an amicable connection post-separation. The OFW application creates a detailed audit trail that gives a clear picture of what is really happening in the family. This is a vast improvement over text, email and traditional shared calendaring and expense platforms. By using OFW to facilitate co-parenting, countless families avoid trips to court, alleviating an overburdened and underfunded system.

“This is an important step forward for OurFamilyWizard and for family law,” said OurFamilyWizard President Jai Kissoon. “Our company has always been bootstrapped, so finding a partner like Spectrum, who has a proven history of supporting the growth of companies like ours, is very exciting for us. From the start, they have demonstrated their belief in the importance of what we do for families.”

“We are excited to partner with Jai, Larry, Bryan, Nick and the entire team,” said Ben Spero, a Managing Director at Spectrum Equity. “Together we can make OurFamilyWizard an even better product which scales to support many more families and professionals.” Parag Khandelwal, a Principal at Spectrum Equity, added, “Parents, courts and practitioners continually face critical co-parenting issues which need to be handled with ease and efficiency. OurFamilyWizard’s 20 year track record of helping families affirms our belief that they’re well positioned to help.”

In conjunction with the transaction, Ben Spero and Parag Khandelwal of Spectrum Equity will join OFW board of directors, along with co-founders Jai Kissoon, President, and Larry Patterson, CTO. Jai, Larry, and COO Bryan Altman will remain as key leaders in this next chapter of the company’s evolution.

About OurFamilyWizard

Headquartered in Minneapolis, MN, OurFamilyWizard invented the concept of a shared parenting application. Its website, iOS and Android applications have been used by nearly one million people since the company was founded in 2001. The platform allows parents to communicate, share calendars and journals, track expenses and transmit payments. OurFamilyWizard is recommended by family law attorneys, mental health practitioners and courts in all 50 states, Canada, the United Kingdom, Australia and New Zealand.


Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.

Cherry Tree Advises Agosto on their Sale to Pythian, a Portfolio Company of Mill Point Capital

Cherry Tree Advises Agosto on their Sale to Pythian, a Portfolio Company of Mill Point Capital

Pythian Services Acquires Google Cloud Premier Partner Agosto

Integrated Capabilities Create Cloud Transformation Powerhouse

NEW YORK – April 2, 2020 – Pythian Services Inc. (“Pythian”), a leading cloud, data and analytics services company, announced today that it has acquired Agosto, LLC (“Agosto”), a Google Cloud Premier Partner and leading cloud services and development company.

Pythian, a Mill Point Capital LLC portfolio company, has been helping organizations use data, analytics, and the cloud to transform and win for over 20 years. Agosto, founded in 2001, helps businesses enhance productivity and collaboration as well as solve complex business problems using Google Cloud. The Agosto acquisition will solidify Pythian’s footprint in North America, its fastest-growing market, and will allow Pythian to immediately extend its services portfolio to include Google Cloud, G Suite, Chrome and Maps, as well as cloud product development. The combination leverages two transformational trends—cloud and data—and allows Pythian to offer complete transformation solutions for enterprise buyers.

Both companies are Google Cloud Premier Partners and together hold Google Cloud specializations in Cloud Migration, Data Analytics, Machine Learning, Infrastructure, IoT, Application Development and Work Transformation-Enterprise. With the acquisition, the combined entity will have a unique set of specializations, certifying its competency and experience in these critical and transformative domains. Pythian was named Google Cloud Data Analytics Partner of the Year in 2018, while Agosto was named Google Cloud Partner of the Year in 2013 and 2016.

Keith Millar, Pythian President, stated, “The acquisition of Agosto allows us to respond to the requests of our customers for more complete cloud solutions. Clients of both companies, and the broader market, will now have access to enhanced data and cloud transformation solutions bundled with Google Cloud services and collaboration tools through a one-stop solutions provider.”

“Pythian is a great company with a strong brand and a well-deserved reputation for excellence,” stated Aric Bandy, President of Agosto. ”We at Agosto are excited to bring even more significant value to the market, the sum of which is greater than our contributions as separate entities. We look forward to expanding our services portfolio and serving more customers as they move to Google Cloud.”

Carolee Gearhart, Vice President WW Channel Sales at Google Cloud, added, “We are pleased to see two of our key Google Cloud Premier Partners join forces to accelerate the Google Cloud transformation journey for all of our customers. We are excited to support this expanded customer offering.”

Millar added, “Google has been a very supportive partner for Pythian and Agosto. We look forward to advancing our partnership with this acquisition.”

“Mill Point Capital is aggressively investing in Pythian as a platform for data, analytics, and cloud solutions. As corporate collaboration and data requirements multiply, enterprises need experienced, trusted advisors like Pythian and Agosto,” said Keith Angell, Pythian Board Director and Executive Partner for Mill Point Capital.  “We see tremendous opportunities in the marketplace for this advanced cloud and data management platform.”

Financial details of the transaction have not been disclosed.

About Pythian

Founded in 1997, Pythian is a global IT services company that helps organizations transform how they compete and win by turning data into valuable insights, predictions and products. From cloud automation to machine learning, Pythian designs, implements and supports customized solutions to the toughest data challenges. A Google Cloud Premier Partner with specializations in Cloud Migration, Data Analytics, Machine Learning, and Infrastructure, Pythian was also named 2018 Google Cloud Data Analytics Partner of the Year. For more information visit

About Agosto

Founded in 2001 and headquartered in Minneapolis, Agosto is an award-winning cloud services company and one of the largest and most innovative Google Cloud Platform Partners in the world with specializations in IoT, Infrastructure, Application Development and Work Transformation-Enterprise. The company helps organizations leverage Google Cloud products by providing technical solutions, change management and training, migration and deployment from legacy systems, ongoing admin support, and custom product development. For more information visit

About Mill Point Capital LLC

Mill Point Capital is a private equity firm targeting control investments in lower-middle market businesses, with a focus on industrials and business services companies in North America. Mill Point’s experienced team of investors and Executive Partners seek to enhance the value of portfolio companies by executing transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit

Media Contact:

Lynda Partner 
VP Marketing, Pythian Services

Elizabeth Walsh
VP Marketing, Agosto


Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.

Cherry Tree served as Lifesprk’s exclusive investment banking advisor in its $16.1 million Series A Preferred stock investment led by Virgo Investment Group

Cherry Tree served as Lifesprk’s exclusive investment banking advisor in its $16.1 million Series A Preferred stock investment led by Virgo Investment Group


Investment Funds Growth Plans And Health Tech Innovations; Industry Veteran Pooja Goel Joins Board

Minneapolis, MN, April 07, 2020 (GLOBE NEWSWIRE) — Lifesprk, LLC (“Lifesprk”), a leader in whole person services for seniors, announces $16.1 million Series A Preferred stock investment led by Virgo Investment Group (“Virgo”) to fund organic growth, strategic partnerships, and implementation of a propriety technology platform that enables its Life Experience Alternative Delivery System (LEADS.) Virgo’s Managing Director Pooja Goel, an industry veteran with experience in value-based operations and contracting, joins Lifesprk’s newly formed board of directors.

“As we sought strategic and financial partners to help us accelerate growth, we looked favorably on experienced healthcare investors who shared our vision for innovation and wellness as well as having deep expertise in scaling value-based, technology enabled models,” said Joel Theisen, BSN, CEO of Lifesprk. “We chose Virgo because like us, they believe in addressing the rising cost of healthcare costs and addressing social determinants of health (SDoH) in parallel with medical management to create a better life-long experience for seniors. The traditional model of healthcare is siloed, broken, and confused in payment reform. Now is the time to capitalize on immediate market opportunities for true disruption.”

Founded in 2004, Lifesprk is a leading provider of proven whole-person primary care, in-home health, and SDoH services for seniors, utilizing a unique, proprietary, value-based population health solution that delivers the “triple aim” of improved client experience, improved outcomes, and lower total cost of care.

Pooja Goel explained that Virgo believes in founder-run businesses that are disrupting healthcare in a meaningful way. “Joel and his team were a fit culturally and were looking for a partnership that transcended a capital infusion,” said Goel. “What we liked about Lifesprk is their ability to provide a true, comprehensive solution when caring for seniors backed by outcomes. They understand what it takes to improve the post-acute space and have successfully demonstrated they can do this while maintaining the engagement of the senior and their loved ones.”

Lifesprk will invest in technological innovations to operationalize LEADS by using its proprietary Electronic Life Record (ELR) to deliver complete information to clients, families, and caregivers through proprietary and third-party applications to address two primary challenges in senior healthcare services: the lack of tracking SDoH and interoperability.

Lifesprk’s whole person solutions are perfectly timed for expansion and disruption in the senior care market with the new era of population health-related market dynamics that are shifting compensation from reactionary and transactional models towards value-based healthcare systems. “The annual spend on healthcare in the US is out of control approaching 20% of GDP,” added Theisen. “A large percentage of spend is driven by the oldest seniors, and as life expectancy increases the oldest seniors are living longer but not actually better. We need to do more to fill gaps in care but also improve opportunities for wellness and community-based initiatives that serve seniors holistically and incorporate tech-enabled platforms that provide a 360-degree view of a senior’s full ecosystem.”

“Lifesprk understands that coordination of care is not just handing off data to the next provider; rather closely navigating the senior and family through an integrated process of discovery, engagement, guidance and advocacy to reach best outcomes,” added Goel. “They provide a unique offering in a space that is in dire need of connectivity and community as seniors age. As they make their entry into value-based care they’re able to combine offerings in a way no one has done before. We are excited about the impact they are going to make in the Minnesota market and beyond!”

Minneapolis-based Cherry Tree & Associates, LLC served as Lifesprk’s exclusive investment banking advisor.

About Lifesprk

Based in St. Louis Park, Minnesota, Lifesprk’s Life Experience Alternative Delivery System (LEADS) is a proprietary, technology-enabled delivery system focused on the whole person that improves client experience and quality outcomes, lowering the total cost of care and building life-long affinity. Trusting relationships are established through whole-person primary care, life management, engagement, and navigation services working within a high-performance community network. Its technology stack combines EMR, SDOH, first- and third-party data to enable predictive analytics for scalable individualized solutions for all stakeholders. The first complete payor-agnostic community-based delivery system, LEADS can be applied to a full continuum of care settings and reimbursement models, putting Lifesprk at the forefront of value-based care initiatives. With an award-winning culture committed to sparking lives, Lifesprk has a proven track record of consistent growth with solid financials and outcomes as well as experience scaling and integrating with a wide range of partners. Visit

About Virgo

Founded in 2009, Virgo’s mission is to build meaningful and innovative businesses that are leaders in their addressable markets. Virgo partners with Founder-led or Family-owned businesses, and targets companies undergoing industry or company-specific change. Virgo drives value-add initiatives post-investment with a focus on human capital transformation, business process enhancement and technology implementation. Virgo is an idea that there is a more creative, a more aligned, and a more human way to invest in and to build businesses together. The Firm has raised over $1.8 billion and completed 60 investments to date. For more information, please visit

Media Contact:

Meaghan Puglisi
Phone: 952-873-7382



Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.

Cherry Tree advises Paradigm Education Solutions in its sale to Kendall Hunt Publishing Company

Cherry Tree advises Paradigm Education Solutions in its sale to Kendall Hunt Publishing Company

Cherry Tree advises Paradigm Education Solutions in its sale to Kendall Hunt Publishing Company

Kendall Hunt Publishing Company Acquires Paradigm Education Solutions

The announced acquisition of Paradigm Education Solutions by Iowa-based Kendall Hunt Publishing Company leverages content and customer base for accelerated growth in higher education.

DUBUQUE, IowaFeb. 7, 2020 /PRNewswire/ — Kendall Hunt Publishing Company, a proven leader in academic publishing, announced today it has completed the purchase of Paradigm Publishing, LLC (dba Paradigm Education Solutions). Paradigm is one of the nation’s leading post-secondary providers of print and digital learning solutions for computer technology, health careers, business technology and career development.

Paradigm Publishing, LLC will continue to operate under the Paradigm Education Solutions name and maintain its office in Minneapolis. This acquisition will allow Kendall Hunt to more effectively and efficiently serve the needs of both traditional and post-traditional students in the higher education market. The content and technology being acquired will enhance Kendall Hunt’s current capabilities with the addition of programs such as health careers and certification courses.  

Family owned and operated for over 75 years, Kendall Hunt has over 8,000 print and digital titles providing quality educational products and services in several markets, including K-12 and Catholic Publishing in addition to Higher Education. 

“We recognize that the post-secondary market is evolving and are excited to broaden our offering to the individual looking for non-traditional career development,” said Chad Chandlee, president and chief operating officer. “Our company was built on the premise of need identification and creating custom solutions to meet those requests. This acquisition allows both companies to benefit from each other’s successes by combining premier content with innovative new platforms that meet the needs of today’s students.”

Paradigm’s courseware prepares students to acquire the requisite digital literacy skills and career knowledge needed to enter the workforce, reskill, upskill and succeed as professionals. Their Cirrus™ platform reimagines how these skills are taught and learned, delivering a comprehensive, personalized and seamless learning experience in a 100 percent cloud-based environment. Paradigm also offers effective resources that help hard-to-employ populations find rewarding and stable work under the JIST Career Solutions brand.

“I’m proud of the extraordinary work done by the Paradigm team, in particular, their development and launch of the Cirrus™ digital learning environment,” said Eric Cantor, chief executive officer at Paradigm Education Solutions. “I am confident that the results we have achieved to date with Cirrus™ will be further accelerated as Paradigm becomes part of Kendall Hunt.”

About Kendall Hunt Publishing

Kendall Hunt Publishing, headquartered in Dubuque, Iowa, is a dynamic provider of quality educational products and services. Utilizing a collaborative, solutions-based approach, Kendall Hunt partners with educators to develop affordable content tailored to meet students’ needs.  Through a combination of superior service, innovative technology applications and an exceptional content library, Kendall Hunt delivers proven results for both educators and students. Visit us at to learn more.

About Paradigm Education Solutions

Paradigm Education Solutions is a leading provider of educational technology solutions that prepare traditional and post-traditional students to achieve the requisite digital literacy skills and career knowledge needed to enter the workforce, reskill, upskill and succeed as professionals. With a focus on contextualized, competency-based learning, Paradigm’s digitally driven solutions are flexible and adaptive to give students the power to learn anytime, anywhere. Visit to learn more.

Media Contact:
Lisa Sabers
Phone: 563.589.1179

Kendall Hunt Publishing


Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.

Cherry Tree advises Dynamic Solutions Worldwide in its sale to Woodstream

Cherry Tree advises Dynamic Solutions Worldwide in its sale to Woodstream

Cherry Tree advises Dynamic Solutions Worldwide in its sale to Woodstream

Woodstream Acquires Dynamic Solutions Worldwide, Maker of DynaTrap Insect Traps

SOURCE Woodstream Corporation

Woodstream Corporation, a leading manufacturer and marketer of branded pest and animal control product as well as lawn and garden products, today announced that it has acquired Dynamic Solutions Worldwide LLC, maker of DynaTrap insect traps. Terms of the transaction were not disclosed. Woodstream is a portfolio company of Vestar Capital Partners.

Based in Milwaukee, Wisconsin, DynaTrap is a leading provider of insect traps with both indoor and outdoor applications. Introduced in 2006 by Juan Rocha, DynaTrap has grown to be the number-one insect trap company in North America, with its products sold at leading home and hardware retailers including Home Depot, Costco, Sam’s, Bed Bath & Beyond, Amazon, and Ace Hardware, as well as on QVC, HSN and online retailers. DynaTrap’s insect traps, which adhere to the highest quality and safety standards, protect against mosquitoes and other flying insects without the use of pesticides.

“The addition of DynaTrap not only adds a highly regarded and successful product line to Woodstream’s existing offerings, but it also introduces us to additional blue-chip clients which complement our current roster of world-class customers,” said Miguel Nistal, CEO of Woodstream. “Demand for DynaTrap insect traps has never been higher as new and more potent strains of mosquito viruses develop each year. We are excited to welcome the DynaTrap team, and we remain on the lookout for additional strategic acquisitions that will supplement Woodstream’s strong organic growth.”

“Woodstream is the perfect home for DynaTrap,” said Mr. Rocha, DynaTrap president. “There is a natural synergy between our companies, and through this combination, DynaTrap’s products will be introduced to a significant group of new customers. I look forward to helping Miguel and his team integrate the two companies.”

About Woodstream

Woodstream is a global manufacturer and marketer of a broad portfolio of branded pest control and lawn & garden products, under brands such as Victor®, Terro®, Perky-Pet®, Havahart®, Safer®, Sweeney’s® and Mosquito Magnet®, among others. The company’s products, which have leading market share positions within their respective segments, are sold at more than 100,000 retail locations and to professional pest control providers throughout the United States, Canada, the United Kingdom, and other international markets. For more information, please visit

About Dynamic Solutions Worldwide

Dynamic Solutions Worldwide designs, manufactures, and markets innovative and environmentally friendly products for the home and the outdoor living environment. The company’s award-winning DynaTrap insect trap is the market leader in the insect control category, protecting against mosquitoes and other flying insects without the use of pesticides. For more information, please visit

About Vestar Capital Partners

Vestar Capital Partners is a leading U.S. middle-market private equity firm specializing in management buyouts and growth capital investments. Vestar invests and collaborates with incumbent management teams and private owners to build long-term enterprise value, with a focus on Consumer, Healthcare, and Business Services. Since its founding in 1988, Vestar funds have invested $8 billion of capital in more than 80 investments in companies – as well as more than 200 add-on acquisitions – with a total value of approximately $50 billion. For more information on Vestar, please visit

Media Contacts:
Blicksilver Public Relations, Inc.
Jennifer Hurson

Carol Makovich

Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.