News

Upstate Capital Weekly Newsletter – 9/7/22

Deals, News & Events for the Upstate Capital Investment Community 


NHL HALL OF FAME INDUCTEE IS KEYNOTE SPEAKER FOR BUFFALO PRIVATE EQUITY SUMMIT

Keynote Speaker Michael Richter, NHL Hall of Fame inductee and President of Brightcore Energy will sit down with David Helgerson, Co-Head of Impact Investing at Hamilton Lane. Michael is a member of the NHL Hall of Fame after a 15-year career with the New York Rangers where he was a three-time NHL All-Star, Stanley Cup Champion, and Olympic medalist. One of his most famous accomplishments is taking the New York Rangers to a Stanley Cup win in 1994 after 54 years. Michael received his degree following his professional hockey career from Yale University. Since retiring from hockey, Michael has co-founded multiple investment funds and has been the President of Brightcore Energy since 2016. He has raised private equity to grow the business and expand its services reducing energy costs for commercial and industrial buildings and various other markets including commercial and community solar, geothermal, electric vehicle (EV) charging and battery storage.

Register today to hear how the lessons Michael learned in Hockey helped him as the President of Brightcore Energy.


MEMBER HIGHLIGHT

Introducing Upstate Capital Executive Committee member Sam Ticknor! Sam is the Principal at Union Hill Advisors. Sam currently leads business development efforts for Hamilton Lane’s $500M private equity and mezzanine debt direct investment platform in New York State. Connect with Sam on LinkedIn and at the Buffalo Private Equity Summit on September 21!


PE + M&A

Syracuse-based startup TCGplayer was recently acquired by eBay for a total deal value of up to $295M. The business is expected to remain rooted in Syracuse with Chedy Hampson continuing as CEO. “We will have the autonomy and flexibility to continue running TCGplayer just as we always have, and I will continue to lead the Company as CEO, ensuring our commitment to you and the entire collectibles community remains enshrined and protected long into the future,” Hampson wrote.

Schwartz Heslin Group announced that it has provided a benchmark valuation for Crown Point Telephone Corporation and its subsidiaries for the purpose of strategic and estate planning. Crown Point Telephone Corporation is an independent telephone company providing access, billing and collection services to interexchange carriers as well as the sale and lease of telecommunications equipment.

Paramax advised SouthPointe Ventures on the sale of its portfolio company, Sunbelt Packaging, to Envoy Solutions. SunBelt Packaging, LLC is a leading distributor of Industrial Packaging products that include corrugated, poly shrink films, stretch films, steel and poly strapping, hand and machine carton sealing tapes, and other flexible packaging materials.

MORE UPSTATE CAPITAL NEWS

The deadline for startups to apply to pitch at Invest NY: Climate Tech on October 19 at the University at Albany’s ETEC Center is fast approaching. Startups innovating in technologies and business models that focus on sustainability and decarbonization including energy production and utilization, advanced manufacturing, construction tech, resource use and reuse, and food and agriculture advancements are encouraged to apply to pitch. The deadline to apply is September 14.

Are you registered for Accelerate Hudson Valley on September 15? Upstate Capital is collaborating with Think Dutchess to help highlight innovation and entrepreneurship in the Hudson Valley. This event will feature conversations with local real estate investors building places to foster innovation, investor-ready startups raising capital, and investors, business leaders, and professionals supporting the innovation economy.


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Upstate Capital Weekly Newsletter – 9/28/22

September 28, 2022

Upstate Capital Weekly Newsletter – 9/28/22


Invest NY: Climate Tech will be held at the brand new University at Albany ETEC on October 19. This year’s program will include a keynote presentation from Dr. William Acker.

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Event Recap – Accelerate Hudson Valley

September 22, 2022

Event Recap – Accelerate Hudson Valley


On Thursday, September 15, 2022, Upstate Capital partnered with Think Dutchess to host Accelerate Hudson Valley in Poughkeepsie, NY. This event featured conversations with local real estate investors building places to foster innovation, pitches from investor-ready startups raising capital,  along with insights from investors, business leaders, and professionals supporting the innovation economy.

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Upstate Capital Weekly Newsletter – 9/19/22

September 19, 2022

Upstate Capital Weekly Newsletter – 9/19/22


Are you registered for the Buffalo Private Equity Summit?
Make connections with private equity investors, bankers, M&A transaction professionals and business executives from across the Rust Belt and beyond.

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Upstate Capital Weekly Newsletter – 9/7/22

September 7, 2022

Upstate Capital Weekly Newsletter – 9/7/22


Deals, News & Events for the Upstate Capital Investment Community  Member Highlight PE + M&A More Upstate Capital News Share Your News NHL HALL OF FAME INDUCTEE IS KEYNOTE SPEAKER FOR BUFFALO PRIVATE EQUITY SUMMIT Keynote Speaker Michael Richter, NHL Hall of Fame inductee and President of Brightcore Energy will sit down with David Helgerson, […]

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Upstate Capital Weekly Newsletter – 8/17/22

August 17, 2022

Upstate Capital Weekly Newsletter – 8/17/22


Startups innovating in technologies and business models that focus on sustainability and decarbonization including energy production and utilization, advanced manufacturing, construction tech, resource use and reuse, or food and agriculture advancements are invited to apply to pitch at the Invest NY: Climate Tech event on October 19 at UAlbany The Emerging Technology and Entrepreneurship Complex (ETEC). Applications are open until September 14.

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Event Recap – 2022 Saratoga Forum

August 11, 2022

Event Recap – 2022 Saratoga Forum


On August 2 – 3, 2022, Upstate Capital hosted an exclusive event for our Board of Directors, annual sponsors and invited guests in Saratoga Springs. The Annual Saratoga Forum consisted of two days of curated content including CEO and investor conversations and exceptional networking with M&A and PE professionals, entrepreneurs, C-suite executives and industry leaders.  […]

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Middle-Market Private Equity + M&A Update – Q2 2022

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Middle-Market Private Equity + M&A Update – Q2 2022


The Middle-Market PE + M&A Update is a quarterly publication for the Upstate NY deal-making community, presented by the Upstate Capital Association of NY and The Bonadio Group, reporting on transaction activity regionally and in the context of national trends.  This report provides information and insights on types of deals, multiples, and private equity activity.  […]

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Upstate Capital Weekly Newsletter – 8/4/22

August 4, 2022

Upstate Capital Weekly Newsletter – 8/4/22


Invest NY: Future of Air & Space, presented by NYSTAR and Upstate Capital, is an event to highlight the air and space industry and innovation in Upstate New York. This event will be held July 14 at the Innovare Advancement Center in Rome, NY. Future of Air & Space will be attended by startup entrepreneurs and innovators, experienced executives, and active investors in artificial intelligence, machine learning, drones and uncrewed systems.

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Upstate Capital Weekly Newsletter – 7/27/22

July 27, 2022

Upstate Capital Weekly Newsletter – 7/27/22


Invest NY: Future of Air & Space, presented by NYSTAR and Upstate Capital, is an event to highlight the air and space industry and innovation in Upstate New York. This event will be held July 14 at the Innovare Advancement Center in Rome, NY. Future of Air & Space will be attended by startup entrepreneurs and innovators, experienced executives, and active investors in artificial intelligence, machine learning, drones and uncrewed systems.

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Event Recap – Invest NY: Future of Air and Space

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Event Recap – Invest NY: Future of Air and Space


On July 14, 2022, Upstate Capital hosted Invest NY: Future of Air and Space at the Innovare Advancement Center at Griffiss Institute.  The Invest NY program, sponsored by NYSTAR and produced by Upstate Capital, is a series of events designed to highlight innovation in various industries across New York. Upstate Capital connects investors with startups […]

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