Fort Point Capital announced today that it has successfully completed the sale of its investment in Sullivan Holding Company. Founded in 1968 and headquartered in Sioux Falls, SD, Sullivans is a leading designer and distributor of seasonal, all-occasion and outdoor home décor products.
This past year has been an active one for us as we closed on our third fund, completed several platform and add-on investments, and had a successful exit. We also grew our team and celebrated well deserved promotions. We look forward to continuing our work together, and hope that 2023 is another successful year for all of us.
Fort Point Capital announced today that it has recapitalized ROX360, a tech-enabled marketing platform that provides technology-driven logistics / fulfillment services and customer retention services for vacation rental management (“VRM”) customers.
Acquisition Bolsters BMG’s Digital Capabilities
Barrington Media Group, LLC, a portfolio company of Fort Point Capital, announced today that it has completed the acquisition of The SEO Department, a search engine optimization leader that works as an extension of the client’s management team to drive ROI. The acquisition of The SEO Department strengthens BMG’s digital practice and further diversifies the overall platform.
Fort Point Capital 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. Fort Point provides resources to help companies by expanding teams and infrastructure, improving service offerings, accessing new markets, and supporting follow on acquisitions. Fort Point fulfills its commitment to management, employees and shareholders by employing a repeatable process to drive durable value,
Acquisition Bolsters SIG’s CRM Capabilities
Strata Information Group, Inc, a portfolio company of Fort Point Capital, announced today that it has completed the acquisition of akaCRM, a Salesforce top-tier premium partner providing comprehensive advisory, implementation and managed support services for Salesforce and Conga in the higher education, K-12 and non-profit end markets. The acquisition of akaCRM significantly bolsters SIG’s CRM practice and further diversifies the overall platform.
Acquisition Deepens Presence in the Ohio Valley Region
Jones Fish Hatcheries & Distributors, LLC, a Fort Point Capital portfolio Company, announced today that it has completed the acquisition of Advanced Technical Aquatic Control, a leading provider of pond and lake management services to developers, land management professionals and private homeowners. A.T.A.C. provides recurring lake management service programs and sells and services fountains and aerators. The acquisition of A.T.A.C., based in the Cincinnati metro area, represents a deepening of Jones Fish’s presence in the Ohio Valley region.
Fort Point Capital is pleased to announce the closing of its third private equity investment fund, FPC Small Cap Fund III, LP and FPC Small Cap Fund III-A, LP. Fort Point began fundraising in March 2022 with an initial target of $250 million and was oversubscribed, closing at the offering’s hard cap of $340 million. With the closing of FPC III, Fort Point Capital has raised more than $630 million since the firm’s founding in 2011.
Fort Point Capital announced today that David Gagliardi has been promoted from Vice President to Principal. Since joining the firm in 2015, Mr. Gagliardi has been responsible for new investment opportunity origination, transaction execution and portfolio company oversight.
Company Adds Experienced Telecom Executive to Growing Platform
Fort Point Capital announced today that its portfolio company, CellSite Solutions, an industry leading provider of telecom infrastructure asset refurbishment and related services, has hired Nick Shanker as the Company’s Chief Executive Officer. Shanker has a long history of transformative leadership positions in the telecom industry and takes the reins of CellSite as the Company accelerates its growth trajectory.