Fort Point Capital has announced the promotions of Michael Duffy from Vice President to Principal and David Sher from Senior Associate to Vice President. Both are responsible for new investment opportunity origination, transaction execution and portfolio company oversight.
News & Insights
Setting the agenda
Jones Fish Hatcheries & Distributors announced today that it has partnered with Aquatic Management, a provider of pond and lake management services in the Northeast Indiana market based out of Bluffton, IN. The partnership with Aquatic Management further cements Jones Lake Management as the market leader in Indiana.
Rick is a global supply chain executive, with 30+ years of leadership expertise in domestic and international transportation, warehousing, e-commerce, and fulfillment services.
Jones Fish Hatcheries & Distributors, LLC announced today that it has partnered with Ponds Beautiful, a provider of pond and lake management services. The partnership with Ponds Beautiful, based in Medina, OH, further cements Jones Lake Management as the market leader in Ohio.
Fort Point Capital has announced the addition of Kyle Fischer and Nick DeFrancisco to the team. As members of Fort Point’s Investment Team, they will support portfolio companies and execute new investments in lower middle-market services companies.
Marking the third investment in Fund III
Fort Point Capital announced that it has acquired NewBold Corporation, a leading provider of managed technology services to the quick service restaurant, retail, warehousing, and healthcare industries. Headquartered in Greenville, SC, NewBold supports point-of-sale (“POS”), automatic identification and data capture (“AIDC”), and payment device product lines, with services including on-site service response, depot repair services, technology procurement and deployment, configuration and integration, help-desk support, and payment device encryption and injection services.
Fort Point Capital announced today that its portfolio company, CellSite Solutions, has hired Jim Patterson as the Company's Chief Executive Officer. Jim brings a wealth of industry expertise and a strong pedigree to CellSite, having most recently served as the Chief Strategy Officer for Fastwyre Broadband, a fiber broadband and telecom company providing internet, phone and video to customers across the United States.
Acquisition Expands SIG’s Slate Consulting Practice
Strata Information Group, Inc., a portfolio company of Fort Point Capital, announced today that it has completed the acquisition of RHB, Inc., a higher education consulting firm that specializes in providing Slate Technical, Enrollment Management, Institutional Marketing, and Executive Counsel services. This strategic acquisition solidifies SIG's position as the premier consultancy for Technolutions’ Slate product line while also expanding its service offerings to higher education institutions, including the addition of a Slate 24/7 Helpdesk.
Fort Point Capital announced today that its portfolio company, Jones Fish Hatcheries & Distributors, LLC, an industry leading provider of professional pond and lake management services with scaled operations across 14 markets, has appointed Thomas Barry as the Company's Chief Executive Officer.
Ice House America, LLC announced today that it has acquired 86 ice and water vending units in Central Georgia and California from two owner-operators who had been operating the units over the last two decades. The acquisition considerably expands IHA's fleet of owned units in Georgia and marks the Company's first entrance into the California market.