March 14, 2023
Fort Point Capital, a leading private equity firm focused on investing in lower middle-market services companies, has announced the promotion of Michael Brofft from Vice President to Principal and the hiring of Michael Schiavo as Chief Financial Officer.
"Michael has played a key role in a number of important investments since joining Fort Point and we are excited to recognize his contribution,” said Partner Paul Lipson. "His leadership and strategic insights will continue to play an important role in the growth and success of our firm."
Since joining the firm in 2020, Michael Brofft has been responsible for new investment opportunity origination, transaction execution and portfolio company oversight. Prior to Fort Point, Michael was an Associate at Siguler Guff, where he invested in lower middle market companies across the business services, industrial and consumer industries. He began his career at Keefe, Bruyette & Woods, advising clients on M&A and financing transactions in the commercial finance, consumer finance and broker-dealer industries. Michael received a B.A. in economics from Williams College and an M.B.A. from the Wharton School at the University of Pennsylvania.
In addition, Fort Point Capital has also welcomed Michael Schiavo as the firm's Chief Financial Officer (CFO) and Chief Compliance Officer (CCO). Mike most recently served as the CFO/CCO at Prospect Hill Growth Partners, where he was responsible for the financial reporting and operations of the firm. Prior to that, Mike held accounting positions at Thomas H Lee Partners and SV Health Investors. He began his career at KPMG in their audit practice. Mike holds a BS and MS in accounting from Bentley University and is a Certified Public Accountant.
"We are excited to have Michael Schiavo join our team," said Partner Brooke Ablon. "His extensive financial and operational expertise in private equity will be invaluable as we continue to grow our firm."
About Fort Point Capital
Fort Point Capital (“Fort Point”) brings a management-led, growth-oriented approach to private equity investing, targeting fragmented sectors of the business services industry. Founded in Boston in 2011, Fort Point partners with founders and management teams to accelerate growth and performance by providing resources to help expand teams and establish infrastructure, enhance service offerings, access new markets, and support strategic add-on acquisitions. Fort Point fulfills its commitment to management, employees, and shareholders by employing a repeatable process to drive durable value, as evidenced in over 40 acquisitions since its inception. Fort Point Capital is currently investing from FPC Small Cap Fund II. To learn more, please visit fortpointcapital.com.