Blue Point Capital Partners Adds Three to Cleveland Team, Announces Retirement of CFO Lisa Root
CLEVELAND
(September 10, 2015) – Blue Point Capital Partners is pleased to announce the
addition of three professionals in Cleveland. Colleen Greenrod joins Blue Point as chief administrative officer,
succeeding Lisa Root, who is retiring after 23 years with the group. Additionally,
Jonathan Pressnell rejoins Blue Point as a principal, and Sonali Aggarwal joins
the team as an associate.
Greenrod brings
more than 15 years
of experience spanning multiple facets of the financial services industry. Previously,
Greenrod was with J.P. Morgan, where she worked for One Equity Partners and the
private equity fund administration group in Chicago. Prior to J.P. Morgan,
Greenrod worked for Citadel Investment Group, and she began her career as an
auditor with Arthur Andersen.
“Colleen brings a strong skill set to the table and we are excited to
welcome her to the group,” said Sean Ward, a partner with Blue Point. “She will
be charged with overseeing all Blue Point finance, compliance and
administrative functions, and we look forward to building on our strong
operational foundation under her leadership.”
Pressnell
has rejoined Blue Point as a principal in Cleveland; he was previously an
associate with the firm for three years. Most recently, Pressnell was a
principal at Greenbriar Equity Group, and his history includes working as an
analyst for KeyBanc Capital Markets and as an auditor at Ernst & Young. Pressnell
holds a B.S.B.A. in accounting from the University of Pittsburgh, an M.S. in
accountancy from the University of Notre Dame and an M.B.A. from the Amos Tuck
School at Dartmouth College, where he was an Edward Tuck Scholar.
Aggarwal has
joined the group as an associate. Previously, she was an associate in the private equity division at
Fortress Investment Group in New York. Prior to joining Fortress Investment
Group, Aggarwal was an analyst in the investment banking group at UBS, and she holds
a B.S. in finance and international business from New York University.
John LeMay, also a partner with Blue Point, said, “We are pleased to
welcome back Jon and bring Sonali onboard. They are both excellent additions to
our team and we look forward to their many contributions in sourcing, reviewing and managing investments.”
Root will be retiring after 23 years working with the team and over 33
years in finance and private equity. “Lisa has been a valuable member of the
group since 1992, handling all of Blue Point’s general and limited partnership
accounting and reporting, as well as doing a great job overseeing the back
office operations of the fund,” added Chip Chaikin, a partner with Blue Point.
“She has been with the group from its very beginnings – we thank Lisa for her
many years of outstanding service and wish her a happy retirement.”
Blue Point Capital Partners (www.bluepointcapital.com) is a private equity firm managing over $800 million in committed capital. Leveraging offices in Charlotte, Cleveland, Seattle and Shanghai, Blue Point’s entrenched regional presence affords it the opportunity to establish relationships on a local and regional basis with entrepreneurs and their trusted advisors, while simultaneously providing the resources of a large, international firm. The Blue Point group has a 25-year track record of partnering with companies in the lower middle market where it can bring about accelerated growth and transformative change in partnership with its companies, their management teams and Blue Point’s network of operating resources. Blue Point is one of only a few middle-market private equity firms with a presence in the economies of both the United States and China, and the firm’s experience with cross-border management and value drivers provides a distinct advantage for its portfolio businesses. Blue Point invests in manufacturing, distribution and service businesses generating $20 million to $200 million in revenue.
For more information, contact:
BLUE POINT CAPITAL PARTNERS
John LeMay, Partner or
Erica McClurkin, Director of Communications
Blue Point Capital Partners, LLC
127 Public Square, Suite 5100
Cleveland, OH 44114
(216) 535-4700