Berkshire Partners

Roza on the Role of Berkshire Partners in CrossFit LLC | 8/29/2020

Aug 28, 2020 by Tommy Marquez Photo Credit: Pursuing Health Podcast (https://pursuing-health.com/ep-158-eric-roza/) Eric Roza joined the Pursuing Health podcast and provided some key insights Tuesday into the role of Berkshire Partners within the CrossFit organizational structure and their involvement in the operations of the company. The Boston-based private equity firm joined forces with Roza to purchase CrossFit from Greg Glassman. One big thing …

Cresco Labs Announced The Appointment Of Well-known Business Leader Carol Vallone To Its Board Of Directors (Photo: Business Wire) - TheStreet | 7/30/2020

… the finance committee at Mass General Brigham. Additionally, Ms. Vallone serves on the board of directors of the Bain Capital Double Impact portfolio company, Arosa; as an Advisory Director for the private investment firm Berkshire Partners ; and as an Advisory Board Member of the healthcare-focused venture growth firm, Longitude Capital. In the past, Ms. Vallone served as President and Chief Executive Officer of leading E-learning companies including WebCT …

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Berkshire Partners Joins With Eric Roza to Acquire CrossFit | Business Wire | 7/24/2020

BOSTON- Berkshire Partners , a Boston-based investment firm, today announced it has jointly entered into an agreement with technology entrepreneur and CrossFit® gym owner Eric Roza to acquire CrossFit. In the 20 years since its founding, CrossFit has grown from a garage gym in Santa Cruz, California, to become a leading global health and fitness brand, improving the lives of millions of participants in more than 14,000 affiliated gyms across …

Driven By Purpose, Kendra Scott Is Growing Fast In A Flat Jewelry Retail Market | Forbes | 2/20/2020

… Scott’s is a rags to riches story . She started her company in 2002 in a spare bedroom of her home with $500 in cash. By 2016 her company was valued at $1 billion when Berkshire Partners made an investment. Today Kendra Scott is No. 40 in Forbes America’s Self-Made Women list . Originally pedaling her jewelry designs to local boutiques, Scott opened her first store in Austin in 2010. Now …

Implus Corporation Announces Leadership Transition | PR Newswire | 2/10/2020

… our relationship with them as significant shareholders and friends of the business. As the company moves into its next phase of growth and scale, we are pleased that Mike Polk , who is also a Berkshire Partners Advisory Director, is joining the company as Interim CEO and Director. Mike brings a wealth of experience in the consumer products sector, and we are excited to have him join the company.” Prior to …

Vapor IO Raises $90 Million to Build Out its Kinetic Edge® Platform in 36 Markets by 2021 | PR Newswire | 1/22/2020

AUSTIN, Texas , Jan. 22, Vapor IO , creators of the Kinetic Edge ® platform and Kinetic Edge Exchange ™ (KEX), the first nationwide platform for edge colocation and networking services, today announced an additional investment by private equity firm Berkshire Partners and Crown Castle, bringing its aggregate Series C funding to $90 million . The latest tranche of funding will accelerate the company’s build-out of its coast-to-coast Kinetic Edge platform. “The …

Blue Ridge Partners Announces New Roles and Responsibilities | PRWeb | 12/30/2019

… sales and content distribution space. He drove R&D rationalization, grew the top-line, and led the sale of the business unit to private equity. Earlier in his career, he spent five years in Berkshire Partners ’ portfolio operations group as well as serving as a consultant with Bain & Company. Brad has an MBA from Kellogg, and a BS in Finance from the University of Virginia. Derek Mills joined Blue Ridge …

IDEXX Laboratories Announces Leadership Changes | PR Newswire | 10/24/2019

… Kingsley Mr. Kingsley served as Chairman of Pall Corporation from 2013 to 2015 and as Chief Executive Officer of Pall Corporation from 2011 to 2015, and he has served as an Advisory Director to Berkshire Partners LLC, a Boston -based investment firm, since spring of 2016. Prior to that, Mr. Kingsley was the Chief Executive Officer and a member of the Board of Directors of IDEX Corporation, a company specializing …

How and Where Chris and Keena Clifford Focus Their Giving in Massachusetts | 10/5/2019

Alyssa Ochs education and children have been among the funding interests of Chris and Keena Clifford. PHOto: MB Images/shutterstock Berkshire Partners is a familiar name among companies looking to make investments, but it’s also good to know in the world of philanthropy. Several high-profile professionals have found success with Berkshire Partners and launched their own private funding vehicles, including Carl Ferenbach , who started the High Meadows Foundation with …

Berkshire Partners Announces New Advisory Directors | Malvern Daily Record | 9/19/2019

… Directors are independent advisors that provide consulting services to Berkshire or its portfolio companies at varying levels of engagement. Please see Berkshire’s Form ADV Part 2A filed with the SEC for additional details. About Berkshire Partners Berkshire Partners , a Boston-based investment firm, has raised nine private equity funds with more than $16 billion in aggregate capital and has made over 125 investments in primarily middle market companies since its …

Berkshire Partners Announces New Advisory Directors | Business & Finance | heraldchronicle.com | Business Wire | 9/19/2019

… Directors are independent advisors that provide consulting services to Berkshire or its portfolio companies at varying levels of engagement. Please see Berkshire’s Form ADV Part 2A filed with the SEC for additional details. About Berkshire Partners Berkshire Partners, a Boston-based investment firm, has raised nine private equity funds with more than $16 billion in aggregate capital and has made over 125 investments in primarily middle market companies since its …

GovTech Giant Accela Gets Into Cannabis With Cloud-Based, Net Native Microsoft Azure-Compliant Software | Forbes | 7/10/2019

… cyber attacks, these systems also come with increased chances of making errors, which ultimately create liabilities for businesses and government agencies. Seeking to address this issue, government software behemoth, Accela, which was acquired by Berkshire Partners in 2017, in a transaction touted as “ the biggest gov tech deal ever ,” has partnered up with Los Angeles-based tech startup Kind Financial to launch a cloud-based seed-to-sale solution for …

Consolidated Precision Products Corp. Announces Recapitalization with Berkshire Partners and Warburg Pincus | PR Newswire | 6/14/2019

… Corp. (“CPP”), a leading manufacturer of highly engineered components and sub-assemblies primarily for the commercial aerospace, defense and industrial gas turbine markets, today announced that it has entered into a recapitalization transaction with Berkshire Partners, a Boston -based investment firm, and Warburg Pincus, the company’s current financial partner. Terms of the transaction were not disclosed. As a leading global manufacturer of complex cast products, CPP continues to drive performance …

Berkshire Partners and Warburg Pincus to recap CPP | PE Hub | 6/14/2019

… and strategic acquisitions, including the recently announced purchase of ATI’s Cast Products business. “We are excited to continue expanding our suite of complex castings offerings and delivering best-in-class service in collaboration with Berkshire Partners and Warburg Pincus,” said James Stewart, Chief Executive Officer of CPP. “Our new relationship with Berkshire Partners and ongoing partnership with Warburg Pincus will enable us to further build upon the success we have …

Berkshire Joins Warburg at CPP | 6/14/2019

… Martin. CPP operates 16 global facilities and is headquartered in Cleveland, OH ( www.cppcorp.com ). “We are excited to continue expanding our suite of complex castings offerings and delivering best-in-class service in collaboration with Berkshire Partners and Warburg Pincus,” said James Stewart , chief executive officer of CPP. “Our new relationship with Berkshire Partners and ongoing partnership with Warburg Pincus will enable us to further build upon the success we have …

Quadrant $1.5b-plus gyms sale pumping; L Catterton spots US partner | 5/12/2019

… Fitness and Lifestyle Group. Street Talk can reveal L Catterton - a private equity firm that specialises in consumer brands - is running the numbers on Quadrant’s gyms in partnership with Boston-based private investment firm Berkshire Partners . The consortium is said to be inside the Fitness and Lifestyle Group data room, testing the earnings forecasts and claims put forward by both Quadrant and its investment banks, Citi and UBS . Quadrant Private …

Aritzia’s (ATZAF) CEO Brian Hill on Q4 2019 Results - Earnings Call Transcript | Seeking Alpha | 5/11/2019

… acknowledge the completion of our secondary offering and concurrent repurchase of Berkshire Partners’ remaining shares in March of this year. This transaction marks a significant milestone, after a very successful 14-year relationship between Berkshire Partners and Aritzia. I would like to thank Berkshire for their partnership and collaboration over the years. The transaction represented a compelling opportunity for us to deploy our excess capital and increase shareholder value, while …

Berkshire Partners Announces New Managing Directors | Business Wire | 1/5/2018

BOSTON- Berkshire Partners , a Boston-based investment firm, announced today that Blake Gottesman and Sam Spirn were appointed Managing Directors effective January 1, 2018. They join the 22 current Managing Directors of Berkshire in managing the firm and its affiliated investment funds. The firm’s 24 Managing Directors have an average tenure of 17 years with the firm. Mr. Gottesman originally joined Berkshire in 2007 as a Summer Associate and returned …

Precision Medicine Group Lands Major New Investment | Business Wire | 12/20/2017

BETHESDA, Md.- Precision Medicine Group (PMG) announced today that it has reached an agreement for a $275 million investment that positions the company for the next phase of growth. The transaction is being led by Berkshire Partners and TPG Growth and also includes significant participation from Precision’s co-founders and management team as well as original investors Oak Investment Partners and J.H. Whitney. This is Berkshire Partners’ first investment in …

Tempe’s Hayden Flour Mill project gets new backer | The Business Journals | 12/20/2017

… Aparium Hotel Group , Baum Revision and BlueRoad Ventures, all of which are based out of Chicago. New to the team is Dick Portillo, founder of the Portillo’s restaurant chain. Portillo sold the chain to Berkshire Partners for nearly $1 billion in 2014, but he still owns a substantial amount of the Portillo’s restaurant properties. “Dick Portillo is our new financial backer and he has the backbone to carry this project …

Platinum Equity to Acquire Husky Injection Molding Systems | 12/18/2017

December 18, 2017 12:00pm Comments Share: LOS ANGELES, Dec. 18, 2017 (GLOBE NEWSWIRE) – Platinum Equity announced today that it has signed a definitive agreement to acquire Husky Injection Molding Systems from Berkshire Partners and OMERS Private Equity for $3.85 billion. The transaction is subject to regulatory approval and is expected to close in the second quarter of 2018. “This is another marquee investment that demonstrates how Platinum’s differentiated approach continues …

Brown Gibbons Lang & Company: M&A Accelerates in B2B Distribution | PR Newswire | 12/15/2017

… Private equity sponsors are actively building value-added distribution platforms demonstrating broad interest across industrial markets. Building Products has seen a high level of acquisition activity, with The Sterling Group (Construction Supply Holdings) and Berkshire Partners (SRS Distribution) among the active consolidators. Fasteners has seen robust platform and add-on activity, notably new growth platform Endries International, acquired by Nautic Partners from Ferguson Enterprises this May, and tuck-in activity …

U.S. shoemaker Rockport explores options including sale -sources | 12/14/2017

… advising Rockport on its review, according to the sources. Alternative asset manager Crescent Capital Group LP, a major creditor of Rockport, took ownership of the footwear seller in recent weeks from private equity firm Berkshire Partners LLC and injected new capital into the company with other co-investors, the sources said. Crescent made the equity investment in part to protect the money it has loaned Rockport, the people said, and …

Andean Tower Partners Announces the Acquisition of Torres Unidas | PR Newswire | 12/14/2017

… ET Share this article BOCA RATON, Fla. , Dec. 14, Andean Tower Partners (“ATP”), an owner and operator of wireless communication infrastructure in the Andean Region, today announced the acquisition of Torres Unidas (“TU”) from Berkshire Partners . This acquisition adds 1,644 sites to ATP’s portfolio of digital communication infrastructure assets, making it the largest privately-owned tower company in the Andean Region. ATP now owns over 2,150 sites, and manages more …

Berkshire Partners Announces Acquisition of Torres Unidas by Andean Tower Partners | CNBC | 12/14/2017

… Berkshire to build TU over the years and we remain excited about the growth prospects for the combined business going forward.” With more than two decades of experience investing in the wireless tower industry, Berkshire Partners formed TU in September 2012, along with founding shareholder and coinvestor Torrecom Cayman, L.P. Through a combination of strategic acquisitions and build-to-suit agreements with leading carriers, TU grew its portfolio to more …

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Brown Gibbons Lang & Company: M&A Accelerates in B2B Distribution | PR Newswire | 12/15/2017

… Beacon Roofing Supply), the Waterworks Business of HD Supply ( Clayton Dubilier & Rice), and Praxair (Linde), setting the stage for continued consolidation in a fragmented market. Private equity sponsors are actively building value-added distribution platforms demonstrating broad interest across industrial markets. Building Products has seen a high level of acquisition activity, with The Sterling Group (Construction Supply Holdings) and Berkshire Partners (SRS Distribution) among the active consolidators. Fasteners has seen …

Brown Gibbons Lang & Company: M&A Accelerates in B2B Distribution | PR Newswire | 12/15/2017

… Beacon Roofing Supply), the Waterworks Business of HD Supply ( Clayton Dubilier & Rice), and Praxair (Linde), setting the stage for continued consolidation in a fragmented market. Private equity sponsors are actively building value-added distribution platforms demonstrating broad interest across industrial markets. Building Products has seen a high level of acquisition activity, with The Sterling Group (Construction Supply Holdings) and Berkshire Partners (SRS Distribution) among the active consolidators. Fasteners has seen …