Articles from Berkshire Partners

Thrive (“the Company”), a provider of cybersecurity, cloud, and IT managed services, today announced that it has reached a definitive agreement for a strategic investment from Berkshire Partners (“Berkshire”) and existing investor Court Square Capital Partners (“Court Square”). Concurrent with this investment, founding investor, MC Partners, will sell its remaining stake in the Company. Financial terms of the transaction were not disclosed.

Berkshire Partners (“Berkshire”), a multi-sector specialist investor in private and public equity, announced today that Jonas Nilsson will be joining the partnership as Managing Director, Head of Investor Relations. Jonas brings to Berkshire extensive expertise and experience in strategic global fundraising.

Electric Power Engineers (“EPE”), a leading energy and power systems engineering and consulting firm, announced today it received a significant strategic growth investment from Boston-based private equity firm Berkshire Partners (“Berkshire”).

Berkshire Partners (“Berkshire”) is pleased to announce that Managing Director Ted Rainaud has been featured as one of GrowthCap’s top 40 under 40 growth investors of 2024. This annual list recognizes individuals who are shaping the future of growth equity and buyouts.

Berkshire Partners, a growth-oriented investor in private and public markets, announced today that Liz Bride and Whitney Kelly have been appointed Managing Directors of the firm.

RJW Logistics Group (“RJW” or “the Company”), a leading provider of retail logistics solutions for consumer packaged goods (CPG) brands, today announced it has received a strategic investment from Boston-based private equity firm Berkshire Partners (“Berkshire”).

Berkshire Partners (“Berkshire”), a Boston-based private equity firm focused on the middle market, today announced the close of Berkshire Fund XI (“Fund XI”) with approximately $7.8 billion in capital commitments, making it Berkshire’s largest fund since the firm’s inception in 1986. Fund XI was meaningfully oversubscribed, which the firm believes underscores investors’ support for the firm’s multi-sector middle market investment strategy.

Berkshire Partners is pleased to announce that the firm has been named to Inc. Magazine’s annual Founder-Friendly Investors list for the second year in a row. The list recognizes leading firms in private equity, venture capital, and debt with records of backing founders and entrepreneurs.

Berkshire Partners is pleased to announce that Managing Directors Jon Nuger and EJ Whelan have been named to GrowthCap’s Top Software Investors of 2024 list. Individuals for this year’s list were based on each nominee’s investment experience and detailed feedback from relevant portfolio company CEOs.

Berkshire Partners is pleased to announce it has been selected as a “Top Private Equity Firm of 2024” by GrowthCap Advisory. The firm is honored to be featured on the list for a second consecutive year.

Vital Care, a leading franchisor of infusion therapy pharmacies, announced today that it has closed a strategic investment from Berkshire Partners (“Berkshire”) and Leonard Green & Partners (“LGP”). Financial terms of the private transaction were not disclosed. Linden Capital Partners (“Linden”), which invested in Vital Care in 2020, remains an ongoing investor in the Company alongside management and the Bell family.

Berkshire Partners is pleased to announce Managing Director Sharlyn Musslewhite and Principal Whitney Kelly have both been named to GrowthCap’s “Top Women Leaders in Growth Investing” 2024 list. The award recognizes female leaders in private investment, who have demonstrated deep expertise in private investing, portfolio management, firm operations, and business expansion strategy.

Leonard Green & Partners and Berkshire Partners today announced the closing of the sale of SRS Distribution Inc. ("SRS"), a leading distributor of residential and commercial building products in the United States, to The Home Depot for $18.25 billion. The acquisition was previously announced on March 28, 2024.

The portfolio company of Leonard Green & Partners and Berkshire Partners, SRS Distribution (“SRS”), has entered into a definitive agreement with The Home Depot to be acquired for $18.25 billion. The details of this sale were made public in press releases issued this morning by The Home Depot and SRS. SRS is a leading distributor of residential and commercial building products in the United States, with more than 760 branches across 47 states. The Home Depot is the world’s largest home improvement retailer.

Berkshire Partners is pleased to announce Managing Directors Candice Corvetti and Drew Walker have been named to GrowthCap’s “Top 40 Under 40 Growth Investors of 2023” list. GrowthCap’s 10th annual list recognizes the industry’s leading private capital investment professionals for their leadership qualities and overall contributions to deal activity.

Berkshire Partners today announced that Alfred F. Kelly Jr., will join the firm as an Advisory Director effective in March 2024. Mr. Kelly served as the Chief Executive Officer of Visa from 2016 to 2023, was elected Chairman of the Board in 2019, and became Executive Chairman in 2023.

Berkshire Partners today announced the firm was recognized on Inc.’s fifth annual Founder-Friendly Investors list as one of the private equity firms with a strong record of backing entrepreneurs.

PDQ, a leading provider of IT asset management software, today announced a significant growth investment from Berkshire Partners. Berkshire Partners, together with PDQ’s founders and executive management, and existing investor TA Associates (“TA”), will seek to bolster PDQ’s innovation capabilities as PDQ strategically expands its portfolio of easy-to-use IT asset management and scanning software solutions. Financial terms of the transaction were not disclosed.

Berkshire Partners today announced it has made a majority growth investment in TowerNorth, a fast-growing independent developer, owner, and operator of critical wireless infrastructure assets in the United States and Europe. Financial terms of the private transaction were not disclosed.

Berkshire Partners is pleased to announce that it has been recognized by GrowthCap as a top private equity firm of 2023.

Berkshire Partners is pleased to announce Managing Directors Marni Payne and Beth Hoffman have been named to GrowthCap’s list of the Top Women Leaders in Growth Investing of 2023.

Berkshire Partners today announced that Amy Su has joined the firm as an Advisory Director to Berkshire Partners Private Equity. Ms. Su brings to the role nearly two decades of advisory experience in coaching investment professionals, CEOs, and other senior executives to strengthen their leadership capabilities to drive organizational change and enhancements.

Point Broadband Fiber Holding, LLC (“the Company”), a provider of high speed fiber-to-the-premise internet services to residential and business customers in select small town and rural markets in the United States, today announced it will receive a significant growth investment from funds affiliated with Berkshire Partners, a leading private investment firm with deep experience in digital infrastructure. Financial terms of the transaction were not disclosed.

Berkshire Partners has sold its stake in Mielle, the fast-growing, innovative, and community-focused textured hair care company, which joins P&G Beauty, pending regulatory approval.

Berkshire Partners, a growth-oriented investor in private and public markets, today announced the appointment of Candice Corvetti, Ted Rainaud, and Drew Walker as Managing Directors of the firm.

MedOne, Israel’s leading and most trusted provider of colocation data center infrastructure, today announced that it has received a significant growth investment from Berkshire Partners, a U.S. private investment firm, and the van Rooyen Group, alongside majority shareholder Taavura.

Berkshire Partners, the Boston-based investment firm, announced today that Justin Hupp, Josh Johnson, Jon Nuger, Nii Amaah Ofosu-Amaah, and Terry Thompson have been appointed Managing Directors of the firm effective January 1, 2022. They join the 25 current Managing Directors in leading the firm and its affiliated investment funds.

Berkshire Partners, a Boston-based global investment firm, and Permira, a growth-focused global private equity firm, today announced that they have signed a definitive agreement with Digital Realty (NYSEDLR), a leading global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, for Digital Realty to acquire a majority of their respective stakes in Teraco Data Environments (“Teraco” or the “Company”), Africa’s largest carrier-neutral data center and interconnection services provider.

Berkshire Partners announced today that Rick Michaux has joined the firm as an Advisory Director. Mr. Michaux, who is also an Operating Partner at GreenPoint Partners, will work with the firm’s technology team to evaluate new investment ideas as well as advise current portfolio companies.

National Carwash Solutions (“NCS”), the world’s premier provider of end-to-end car wash systems, services, and solutions, announced today that it has completed its previously disclosed acquisition of Zep Vehicle Care (“ZVC”) from Zep, Inc. Terms of the transaction were not disclosed.

Harvey Performance Company (“Harvey” or the “Company”), a leading designer and manufacturer of specialized cutting tools for precision machining applications, today announced that it has secured a majority investment from Boston-based Berkshire Partners (“Berkshire”). Berkshire partnered with Harvey’s CEO Pete Jenkins and the Harvey management team to acquire the Company from Summit Partners, which invested in 2017. Additional terms of the transaction were not disclosed.

National Carwash Solutions (“NCS”), the world’s premier provider of end-to-end car wash systems, services, and solutions, announced today that it has signed a definitive agreement to acquire Zep Vehicle Care (“ZVC”) from Zep, Inc. ZVC’s offerings will enhance NCS’ chemicals brands, helping advance its mission to provide customers industry-leading complete car wash solutions and services.

Berkshire Partners announced today that Kristin Johnsen has joined the firm as an Advisory Director. Ms. Johnsen, a longtime technology executive, will partner with the firm’s technology team to evaluate new investment ideas and partner with portfolio companies on growth initiatives.

Fast Growing Trees, the leading direct-to-consumer e-commerce retailer of trees and plants, today announced that it has entered into a recapitalization transaction with Boston-based Berkshire Partners. Cove Hill Partners will also participate in the transaction as a minority investor. Terms of the transaction were not disclosed.

3Phase Elevator, a leading independent elevator and escalator services provider, today announced that it has merged with West Virginia Elevator, the largest independent elevator services provider in West Virginia. This news follows 3Phase’s announcement earlier this month that it had received an investment from Berkshire Partners to expand nationally through acquisitions and partnerships. The strategic combination with West Virginia Elevator is the first step in 3Phase’s plan to expand toward the Midwest from its current footprint in the eastern United States.

3Phase Elevator, a leading independent elevator and escalator services provider, today announced that it has entered into a definitive agreement with Boston-based Berkshire Partners to acquire the company from existing investor Fort Point Capital. The investment will enable 3Phase to expand into new markets across the United States through strategic acquisitions and partnerships, and to further strengthen the company’s sales and digital capabilities. Terms of the transaction were not disclosed.