ServicePoint Investment Supports the Continued Growth of INNO4
ServicePoint Investment Supports the Continued Growth of INNO4

ServicePoint Investment Supports the Continued Growth of INNO4

INNO4 is focused on designing, installing and supporting custom technology solutions for large enterprise customers. The Company’s solutions include data infrastructure, audio visual, IT services and managed services, while its core focus is on mission-critical systems for sophisticated facilities and technology rollouts. Key end markets include e-commerce & retail, healthcare, real estate, technology and financial services, among others. The Company is headquartered in Boston, Massachusetts and operates throughout the United States.

“We are excited to announce our partnership with both Mill Point and ServicePoint and look forward to embarking upon our next chapter of growth. This partnership creates a unique opportunity to capitalize on shared capabilities and resources, which will create tremendous value for our customers,” said Robert Feldman, Chief Executive Officer of INNO4.

“We have been extremely impressed by the entire INNO4 team and the strong foundation they have built. We are excited to have management continue in their roles and look forward to executing on the numerous growth opportunities and strategic initiatives ahead,” said Brandon Sarno, Vice President at Mill Point.

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BDV Solutions Appoints Karin Borchert as New CEO
BDV Solutions Appoints Karin Borchert as New CEO
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BDV Solutions Appoints Karin Borchert as New CEO

Seasoned executive to lead expansion of labor solutions firm.

GREENVILLE, S.C., Oct. 17, 2023 /PRNewswire-PRWeb/ -- BDV Solutions, the leading provider of untapped global talent to support the needs of hiring organizations, today announced that Karin Borchert has joined the firm as CEO.

With over 25 years of global experience in driving business strategy for revenue and margin growth, product and business innovation and M&A, Borchert is poised to accelerate enterprise value at BDV Solutions.

BDV Solutions founder and former CEO Britt Vergnolle commented, "As we enter a new chapter in the evolution of BDV Solutions, we worked hard to find the right candidate to take the company into its next stage of growth and expansion. Karin is a seasoned and successful leader who shares our passion for the company's mission and is the perfect leader to take BDV forward and accelerate growth opportunities. I look forward to serving as chairperson and working with her through this exciting time for the company."

BDV Solutions provides hiring organizations with access to untapped global talent and helps place workers in industries across the U.S. economy.

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Resident is a 2023 Inc. 5000 honoree
Resident is a 2023 Inc. 5000 honoree

Resident is a 2023 Inc. 5000 honoree

Resident is a 2023 Inc. 5000 honoree. The company is a culinary event creator presenting spectacular events in penthouses, members' only clubs and chef demonstration kitchens. More info about the company can be found on this website http://meetresident.com.

Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2022.

 

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Kard Earns Spot on the Inc. 5000 list of America’s Fastest-Growing Private Companies
Kard Earns Spot on the Inc. 5000 list of America’s Fastest-Growing Private Companies
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Kard Earns Spot on the Inc. 5000 list of America’s Fastest-Growing Private Companies

NEW YORK--(BUSINESS WIRE)--Kard, the leading rewards-as-a-service provider, announced today that it has made the 2023 Inc. 5000 list of America’s fastest-growing private companies, with an impressive three-year revenue growth rate of 554%. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the list.

“Kard is extremely proud of this milestone achievement,” says Ben Mackinnon, CEO and Founder of Kard. “To continue growing at such a fast pace, especially during the last few years of trying times for the whole economy, is a testament to not only what we have built, but also the great opportunity we have ahead of us.”

The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. “Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”

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Amazon’s Whole Foods to triple shelf space for vertical farmer Bowery
Amazon’s Whole Foods to triple shelf space for vertical farmer Bowery

Amazon’s Whole Foods to triple shelf space for vertical farmer Bowery

Bowery, a vertical farming company that grows crops indoors, is getting more shelf space at Amazon’s Whole Foods, with a deal to triple the stores stocking its salad kits. Currently, Bowery’s salad kits and a selection of greens are carried at 50 Whole Foods Market stores in the Northeast. The expansion will increase the store count to 150 Whole Foods Market locations in the North Atlantic, Mid-Atlantic, and Northeast.

Bowery first broke into the market with a variety of leafy greens, but in September of last year it began marketing ready-to-eat salad kits.

“Demand for ready-to-eat, planet-positive meals is booming,” said Matt Williams, Bowery’s chief sales officer in a statement announcing the deal.

Three flavors of salad kits including Zesty Caesar, Avocado Ranch, and Balsamic Vinaigrette, will be available. The company is adding a compostable fork to the salad kits, and the deal with Whole Foods includes an expanded presence of its core products, including basil, baby romaine lettuce, baby butter, crispy leaf and baby kale.

Bowery, which ranked No. 46 on the 2023 CNBC Disruptor 50 list, currently sells its greens and salad kits through e-commerce and at over 1,900 stores. It claims to be the largest U.S. vertical farming company and has distribution deals with national food retailers including Walmart, Giant, Albertsons, Shoprite and specialty independents like DeCicco & Sons, Westside Market and Brooklyn Fare. Its products are also sold through distributors like Baldor and Four Seasons, and e-commerce grocer FreshDirect.

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IT ServicePoint Invests in PremiseLink Technologies
IT ServicePoint Invests in PremiseLink Technologies

IT ServicePoint Invests in PremiseLink Technologies

Pine Brook, NJ – July 14, 2023 – PremiseLink Technologies LLC (“PremiseLink” or the “Company”), a leading provider of technology deployment and support services, announced that it has been acquired by an affiliate of IT ServicePoint (“ITSP”), an existing portfolio company of Mill Point Capital LLC (“Mill Point”).

Under ITSP, PremiseLink will continue to expand its leadership in field service solutions for top OEMs, VARs, systems integrators and other service providers. The Company provides implementation and support services for a variety of end markets including Mobile Device, Telehealth, Security, IoT and Retail. Since inception, PremiseLink has been a top service provider in the IT field services industry. The Company is headquartered in Long Beach, NY and operates throughout the United States.

Mill Point is a middle-market private equity firm focused on control investments in North America. Mill Point employs an Executive Partner model and has extensive experience investing in the IT services sector. Jeffrey Leventhal, a technology industry veteran with over 25 years of operating, management and investing experience, is serving as Mill Point’s Executive Partner for this investment. ITSP made its first acquisition in February 2023, with the acquisition of Core Technology Solutions (“CTS”).

With a talented management team, including Co-Founders Kevin Donnelly and John Dewoski, PremiseLink will continue to build upon its strong track record of growth and reliable customer service. The combination of PremiseLink and CTS under the ITSP umbrella immediately expands the platform’s geographical reach, service offering and ability to serve existing and new customers throughout the United States and Canada.

Kevin Donnelly and John Dewoski of PremiseLink, commented, “We are thrilled to be joining the IT ServicePoint family, and are excited about their commitment to our growth going forward. We are extremely proud of the extraordinary track record our team has built over the years and look forward to the next chapter for PremiseLink.” “Under the leadership of Kevin and John, PremiseLink has grown into a true market leader in IT field services. We look forward to partnering with the entire team to continue the Company’s track record of growth and providing quality service to its customers,” said Jeff Leventhal, Executive Partner of Mill Point and Executive Chairman of ITSP.

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I've known Jeff for years and have valued his partnership, experience and advice immensely since the first time we met. Jeff is a true operator and has been an entrepreneur, building companies long before it was commonplace. He gets energy from pulling up a chair and diving into the details to help think through any problem, large or small...
- Irving Fain, Bowery
- Irving Fain, Bowery
I met Jeff when I was an executive at Kustomer where he was our first investor. Since that time we’ve collaborated on business strategy, team building and startups in general. As my company Backbone came to life Jeff and S12F were natural partners to help launch our business.
- Rob Baily, Backbone
- Rob Baily, Backbone
I've known Jeff professionally now for over 6 years, first working for him in an operational capacity, and then as an advisor turned investor in my company. For any early-stage founder, Jeff is about as well-connected and helpful that you could find and has been a valuable resource to me and my team. I'm excited to continue working with him and the S12F team in the future!
- Ben MacKinnon, Kard
- Ben MacKinnon, Kard
We met Jeff prior to starting Kustomer and were thrilled to have him as an early investor in Kustomer
- Brad and Jeremy, Founders Kustomer
Kustomer
Jeffrey was an investor in my company who turned into an invaluable advisor. I turned to him when we were in a challenging time and he used his experience and his trademark wisdom to advise me on how to right my ship. He was not only skilled in all the ways I needed, but he was incredibly supportive and motivating throughout a challenging time and a subsequent successful exit. He left an indelible mark on my company and on me as a leader.
- Samantha Ettus, Park Place Payments
Park Place Payments
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ACQUISITIONS

We look to acquire easy to understand software and tech enabled service businesses that can exist as a standalone operation with an engaged team for the long term. We will expect our businesses to be or become cash flow positive and we will use a portion of this cash flow to make new investments.

If you engage with us, we will give you fast straight answers as to our process, timing and valuation.

Tony Weiss

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Tony is an experienced executive, entrepreneur and investor. He has launched start-ups, led turnarounds and held executive leadership positions including the CEO of CompUSA. He helped build it into a Fortune 500 company.  His drive, strategic thinking, people skills, operational excellence, and marketing instincts have been proven throughout his 30+ year career. 

As an executive, Tony’s focus revolved around the customer, operations, and marketing. He believes by successfully focusing on those three areas you will have a highly profitable business with high margins and multiple strategic opportunities for value creation. 

Prior to working with S12F, Tony was a founding partner with FMW Investments which invests in multi-family housing and commercial real estate. Additionally he was the CEO of CompUSA, and Vice President of Global S&P for Dell. Currently, Tony serves on boards, invests and performs advisory work across his investment portfolio.