BNET Industries
Last Fiscal Year Sales:$10.0M
- Private
- US
Dow Jones Description
Berkshire Partners has invested in mid-sized private companies for more than 20 years through seven investment funds with aggregate capital commitments of approximately $6.5 billion. Berkshire seeks companies with acquisition values between $200 million and $2.0 billion and in a given transaction makes equity investments of approximately $50 million to $500 million. Berkshire has developed specific industry experience in several areas, including transportation, energy, manufacturing, business services, consumer products, retailing and communications. Over the past two decades, Berkshire has been an investor in 90 operating companies with approximately $20 billion of acquisition value and combined revenues over $22 billion.
Chief Admin Officer
Garth H. GreimannNumber of Employees 67
Contact Information
One Boston Place
Suite 3300
Boston, Massachusetts 02108
617-227-0050
Peer Companies
NAICS Code Consumer Lending: 522291
Recent Events
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Berkshire completes investment in Grocery Outlet
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Boston firm invests in Berkeley's Grocery Outlet
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Berkshire Partners invests in United BioSource
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United BioSource gets $125M investment
News & Analysis
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berkshire partners llc - All News and Analysis
Greenbriar Equity Group and Berkshire Partners Complete Acquisition of AmSafe Partners, Inc
RYE, N.Y. -- Greenbriar Equity Group LLC and Berkshire Partners LLC today announced the acquisition of AmSafe Partners, Inc., a leading provider of highly engineered, proprietary safety and securement systems for the aviation, air cargo, military and specialty vehicle markets. Greenbriar and Berkshire acquired the Company from The Pritzker Group...
Berkshire Partners Invests in Masai Group International
Global Provider of MBT Physiological Footwear BOSTON & ROMANSHORN, Switzerland -- Berkshire Partners LLC, a Boston-based private equity firm, today announced that they have made an investment in Masai Group International to help accelerate and support the next phase of the Company's growth. Masai Group International distributes shoes under...
Berkshire Partners Acquires HMT from Nassau Point Investors
BOSTON -- Berkshire Partners LLC today announced that it has acquired a controlling interest in HMT Inc. from Nassau Point Investors LLC. HMT is the leading provider of aboveground storage tank AST maintenance products and services primarily for the petroleum and petrochemical industries. Terms of the transaction were not disclosed....
Berkshire Partners Announces Hire of Matthew A. Janchar, Director of Capital Markets
BOSTON -- Berkshire Partners LLC ("Berkshire"), a Boston-based private equity firm, announced today that Matthew A. Janchar will join the firm on March 1, 2007 as Director of Capital Markets with the primary responsibility of leading Berkshire's financing activities. He joins the 41 current members of Berkshire's investment staff. ...
Berkshire Partners Invests in Masterplan
BOSTON -- Berkshire Partners LLC, a Boston-based private equity firm, today announced that it is providing growth capital to Masterplan, Inc. and ReMedPar, Inc. to help continue their demonstrated record of strong growth and customer service. Masterplan provides service, maintenance and asset management for a wide range of medical equipment...
Berkshire Partners Announces New Managing Director
BOSTON -- Berkshire Partners LLC ("Berkshire"), a Boston-based private equity firm, announced today that Michael C. Ascione was appointed a Managing Director of Berkshire effective January 1, 2007. He joins the 11 current Managing Directors of Berkshire in managing the firm and its affiliated investment funds. Mr. Ascione was previously...
Berkshire Partners Closes Seventh Investment Fund
BOSTON -- Berkshire Partners LLC ("Berkshire"), today announced the closing of the Boston-based private equity firm's seventh investment fund, Berkshire Fund VII. The Fund, including Berkshire's coinvestment, has total capitalization of $3.1 billion. The Fund's capital was subscribed almost entirely from institutional investors in previous Berkshire funds. Investors who...
Vi-Jon Laboratories Inc.(Cumberland Swan Holdings Inc. purchased by Berkshire Partners LLC)(Brief article)
On the supplier side: Vi-Jon Laboratories Inc., St. Louis, and Smyrna, Tenn.-based Cumberland Swan Holdings Inc. announce that both companies have entered into an agreement to be purchased by Berkshire Partners LLC, a Boston-based private equity firm. The two companies will operate...
Manufacturers of private label personal care products Vi-Jon Laboratories and Cumberland Swan Holdings have agreed to be purchased by Boston-based private equity firm Berkshire Partners for an undisclosed amount
Manufacturers of private label personal care products Vi-Jon Laboratories and Cumberland Swan Holdings have agreed to be purchased by Boston-based private equity firm Berkshire Partners for an undisclosed amount. The two companies will operate as one company. Combined, Vi-Jon and Cumberland produce more than 250 different formulations and more...
Berkshire Partners Announces Recapitalization of Thrift Retailer Savers, Inc. by Freeman Spogli, Thomas Ellison and Management
BOSTON -- Berkshire Partners LLC today announced the sale of its ownership position in Savers, Inc., the largest for-profit thrift retailer in the U.S., Canada and Australia, in a recapitalization led by Freeman Spogli & Co., Savers' Chairman Thomas Ellison and senior management. Berkshire Partners originally joined Thomas Ellison to...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Garth H. Greimann | Chief Admin Officer |
| Kenneth Bring | Chief Financial Officer |
| David P Reilly | Vice President, Portfolio Support Group |
| Rob Waldron | Vice President, Operations Support |
| Roy Rosas | Vice President, Operations Support |
| Bradley M. Bloom | Managing Director |
| Carl Ferenbach | Managing Director |
| Chris Hadley | Managing Director |
| D. Randolph Peeler | Managing director |
| J. Christopher Clifford | Managing Director |
| Jane Brock-Wilson | Managing Director |
| Kevin T. Callaghan | Managing Director |
| Mike Ascione | Managing Director |
| Richard K. Lubin | Managing Director |
| Robert Small | Managing Director |
| Ross M. Jones | Managing Director |
| Elizabeth Liacos | Director, Operations |
| Jeanine H. Neumann | Director, Client Services |
| Julia F. Selvig | Advisory Director |
| Randall A. Hack | Advisory Director |
| Thomas E. Whiddon | Advisory Director |
| Andrew Ferrer | Associate |
| Beth Hoffman | Principal |
| Daniel Osnoss | Associate |
| Edward J Whelan | Senior Associate |
| Jay Makadia | Principal |
| Jean Roberts | Assoc |
| Jonathan Altman | Associate |
| Josh Friedman | Assoc |
| Joshua A Lutzker | Associate |
| Marni Payne | Principal |
| Matt Kupersmith | Assoc |
| Neil Sheth | Principal |
| Shar Heslam | General Counsel |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Philip M Shaw | Advisory Board Member |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Chief Admin Officer | Current |
| Meridian Vat Reclaim, Inc. | Current | |
| Berkshire Partners LLC | Director | Current |
| Berkshire Partners LLC | Managing Director | Former |
| First National Bank | Managing Director | Former |
| First National Bank | Partners | Former |
| First National Bank of Boston | Former | |
| Berkshire Corporation | Former | |
| PRG-Schultz International, Inc. | Board of Directors | Former |
| Dartmouth College | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Chief Financial Officer | Current |
| Berkshire Partners LLC | Vice President, Finance | Former |
| PricewaterhouseCoopers | audits | Former |
| PricewaterhouseCoopers | CPA | Former |
| The University of North Carolina | Master of Accounting | Former |
| Duke University | B.S. | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Vice President, Portfolio Support Group | Current |
| Jarden Consumers Solutions | Executive Vice President of Operations | Former |
| Hasbro, Inc. | Vice President of Global Operations Services | Former |
| Berkshire Partners LLC | Operations Support Group | Former |
| Lesley University | M.S | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Vice President, Operations Support | Current |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Vice President, Operations Support | Current |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Managing Director | Current |
| Berkshire Partners LLC | founder | Current |
| Gordon Brothers Group, LLC | Current | |
| Boston Symphony Orchestra Inc. | Board of Directors | Current |
| Gordon Brothers Limited, LLC | Member, Board of Advisors | Current |
| Harvard College | Ab | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Managing Director | Current |
| Crown Castle International Corp. | Board of Directors | Current |
| U.S. Can Corporation | Board of Directors | Current |
| Merrill Lynch & Co., Inc. | Managing Director | Former |
| Thomas H. Lee Partners, LP | partner | Former |
| Loveshaw Corporation | Representative | Former |
| Crown Castle International Corp. | member | Former |
| English Welsh & Scottish Railway Limited | member | Former |
| U.S. Can Corporation | member | Former |
| Harvard Business School | M.B.A | Former |
| Princeton University | A.B. | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Managing Director | Current |
| Bain & Company | consultant | Former |
| University of Wisconsin | B.S. | Former |
Randy joined Berkshire Partners in 1996 and became a Managing Director in 2000. Previously, Randy was a co-founder of a privately-owned healthcare services company. Earlier, he served as chief of staff for the Assistant Secretary for Economic Policy in the U.S. Department of the Treasury. Randy was also a consultant with Cannon Associates and Bain & Co.
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Managing director | Current |
| Casella Waste Systems, Inc. | Director | Current |
| Cannon Associates | chief staff | Former |
| Bain & Company | chief staff | Former |
| Charrette LLC | Representative | Former |
| Jarden Consumers Solutions | Representative | Former |
| Bain & Company | consultant | Former |
| Avery Weigh-Tronix, Inc. | Director | Former |
| National Vision, Inc. | Director | Former |
| Harvard Business School | M.B.A. | Former |
| Duke University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Managing Director | Current |
| Thomas H. Lee Partners, LP | Partner | Former |
| Acosta, Inc. | Representative | Former |
| Clean Harbors, Inc. | Representative | Former |
| Harvard Business School | M.B.A | Former |
| Papa Ginos-Deangelo Holding Corporation, Inc. | Representative | Former |
| Colgate University | B.A | Former |
| Advanced Drainage Systems, Inc. | Board of Directors | Former |
| PDS Associates Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Managing Director | Current |
| Bain & Company | Partner | Former |
| Papa Ginos-Deangelo Holding Corporation, Inc. | Representative | Former |
| U.S. Can Corporation | member | Former |
| Acosta, Inc. | member | Former |
| Harvard Business School | M.B.A | Former |
| Purdue University | B.S. in Industrial Management | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Managing Director | Current |
| Loveshaw Corporation | Representative | Former |
| Clean Harbors, Inc. | Representative | Former |
| Gold Coast Beverage Distributors Inc. | Representative | Former |
| Lehman Brothers Holdings Inc. | corporate finance | Former |
| Wordwave, Inc. | Representative | Former |
| Savers Inc. | Director | Former |
| Bartlett Holdings, Inc. | Director | Former |
| Fresh Start Bakeries Inc. | Director | Former |
| Stanford Graduate School of Business | M.B.A | Former |
| Princeton University | B.S.E. in Engineering and Management Systems | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Managing Director | Current |
| Inverness Management, LLC | Senior Associate | Former |
| Berkshire Partners LLC | Principal | Former |
| Berkshire Corporation | Former | |
| Boston College | B.S. | Former |
Richard entered private equity investing in 1981 after serving as Chief Executive Officer of FWD Corporation, which he took over during a period of significant losses and returned to profitability. Prior to heading FWD, Richard spent a decade in management and consulting, specializing in the turnaround of underperforming companies and often assuming an active management role on an interim basis. Prior to founding Berkshire, Richard was a partner at the Thomas H. Lee Company. He has been a director of many of Berkshire's retailing, industrial manufacturing, and transportation investments.
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Managing Director | Current |
| U.S. Can Corporation | Board of Directors | Current |
| Thomas H. Lee Partners, LP | partner | Former |
| Thomas Built Buses, Inc. | Representative | Former |
| Jarden Consumers Solutions | Representative | Former |
| Amscan Holdings, Inc. | Board of Directors | Former |
| Jarden Consumers Solutions | Board of Directors | Former |
| Harvard Business School | M.B.A | Former |
| University of Pennsylvania | B.S | Former |
| U.S. Can Corporation | member | Former |
| Fresh Start Bakeries Inc. | member | Former |
| Party City Corporation | member | Former |
| English Welsh & Scottish Railway Limited | member | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Managing Director | Current |
| Hexcel Corporation | Board of Directors | Current |
| Bain & Company | NA | Former |
| Inverness Management, LLC | senior associate | Former |
| The Goldman Sachs Group, Inc. | NA | Former |
| Hexcel Corporation | Representative | Former |
| English Welsh & Scottish Railway Limited | Representative | Former |
| Amscan Holdings, Inc. | Chairman | Former |
| Party City Corporation | Director | Former |
| Harvard Business School | M.B.A | Former |
| Boston College | B.S | Former |
| Yale University | B.A | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Managing Director | Current |
| Papa Ginos-Deangelo Holding Corporation, Inc. | Representative | Former |
| Bain & Company | Team Member | Former |
| Advanced Drainage Systems, Inc. | member | Former |
| Bare Escentuals | member | Former |
| Carter's Inc. | Representative | Former |
| Avw-Telav | Representative | Former |
| Thomas Built Buses, Inc. | Representative | Former |
| PDS Associates Inc. | member | Former |
| Morgan Stanley | investor | Former |
| Stanford Graduate School of Business | M.B.A | Former |
| Dartmouth College | B.A | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Director, Operations | Current |
| University of Massachusetts Amherst | graduate | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Director, Client Services | Current |
| Berkshire Partners LLC | Director, Client Services | Former |
| Boston University | M.S. | Former |
| The College of Wooster | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Advisory Director | Current |
| Berkshire Corporation | Current | |
| Berkshire Partners LLC | Chief Financial Officer | Former |
| Resolution Inc. | controller | Former |
| The University of Arizona | graduate | Former |
Randall Hack serves as a Board Member for Crown Castle International Corp. as well as an Advisory Director for Berkshire Partners. Since January 1995, Hack has served as a senior managing director of Nassau Capital L.L.C., an investment firm that he co-founded. Nassau Capital manages a $300 million portfolio of investments in private companies exclusively on behalf of Princeton University's endowment. From 1990 to January 1995, Hack served as President of the Princeton University Investment Company, which has management responsibility for Princeton's $8 billion endowment. From 1979 to 1988, he was President and CEO of Matrix Development Company, a commercial and industrial estate development firm that he founded. Hack received an A.B. from Princeton University and an M.B.A. from Harvard Business School.
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Advisory Director | Current |
| FiberTower Corporation | Board Member for Crown Castle International Corp. | Current |
| Crown Castle International Corp. | Board of Directors | Current |
| First Avenue Networks, Inc. | Board Member for Crown Castle International Corp. | Current |
| Matrix Development Corporation | CEO | Former |
| Matrix Development Corporation | President | Former |
| Harvard Business School | M.B.A. | Former |
| Princeton University | A.B. | Former |
Mr. Whiddon is the advisory director of Berkshire Partners, LLC, (a private equity firm), Boston, Mass. Currently acting chief operating officer of Waterworks, Inc. (luxury bath retailer), Danbury, Conn., a Berkshire portfolio company. Formerly executive vice president-logistics and technology, Lowe's Companies, Inc. (a home improvement retailer), Mooresville, N.C., 2000-2003; executive vice president and chief financial officer of Lowe's, 1996-2000; senior financial positions at Zale Corporation (jewelers), Dallas, Texas, Eckerd Corporation (drugstores), Largo, Fla., 1989-1994. He has served on the board since 2001, and is a member of the audit committee.
| Organization | Position | Status |
|---|---|---|
| PDS Associates Inc. | Chief Operating Officer | Current |
| Berkshire Partners LLC | Advisory Director | Current |
| Sonoco Products Company | Sonoco Board Member | Current |
| Dollar Tree Stores, Inc. | Director | Current |
| Lowe's Companies, Inc. | Chief Financial Officer | Former |
| Lowe's Companies, Inc. | Executive Vice President | Former |
| Eckerd Corporation | Vice President | Former |
| PDS Associates Inc. | senior operating role | Former |
| Bare Escentuals | senior operating role | Former |
| Dollar Tree Stores, Inc. | Director | Former |
| Eckerd Corporation | Treasurer | Former |
| Bare Escentuals | Director | Former |
| Carter's Inc. | Director | Former |
| Zale Corporation | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Associate | Current |
| The Goldman Sachs Group, Inc. | analyst | Former |
| Princeton University | A.B | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Principal | Current |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Associate | Current |
| Yale University | B.A | Former |
| The Goldman Sachs Group, Inc. | analyst | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Senior Associate | Current |
| Charlesbank Capital Partners, LLC | NA | Former |
| Bain & Company | associate consultant | Former |
| Summit Partners | NA | Former |
| Harvard Business School | M.B.A. | Former |
| Dartmouth College | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Principal | Current |
| Morgan Stanley | analyst | Former |
| Harvard Business School | M.B.A | Former |
| Harvard University | A.B. | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Assoc | Current |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Associate | Current |
| Bain & Company | associate consultant | Former |
| Bain & Company | associate consultant | Former |
| Dartmouth College | B.A. | Former |
| Princeton University | A.B. | Former |
| Yale University | B.S. | Former |
| Stanford University | B.S. | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Assoc | Current |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Associate | Current |
| Bain & Company | associate consultant | Former |
| Harvard Business School | M.B.A. | Former |
| Duke University | B.A | Former |
Marni originally joined Berkshire Partners in 2000 and returned to Berkshire in 2004 after graduating from business school. Prior to joining Berkshire, Marni was an analyst at McKinsey & Company.
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Principal | Current |
| McKinsey & Company, Inc. | Analyst | Former |
| Harvard Business School | M.B.A | Former |
| Dartmouth College | B.A | Former |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Assoc | Current |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | Principal | Current |
| Organization | Position | Status |
|---|---|---|
| Berkshire Partners LLC | General Counsel | Current |
| Organization | Position | Status |
|---|---|---|
| Invesco Private Capital | General Partner | Current |
| McPartners, Inc. | Advisory Board Member | Current |
| Berkshire Partners LLC | Advisory Board Member | Current |
| Yale School of Management | M.P.P.M. degree | Former |
| University of Michigan | B.A. in Economics | Former |
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