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Berkshire Partners Howard is a private investment firm that was founded in 1986 by Richard Alexander, Susan Alexander, and Richard Alexander Jr.
The company's early success can be attributed to its focus on investing in middle-market companies in the United States and Canada.
Berkshire Partners Howard has a strong track record of investing in a variety of industries, including consumer products, industrial goods, and business services.
The firm has made over 100 investments since its founding and has a reputation for being a strategic partner to its portfolio companies.
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About Berkshire Partners
Berkshire Partners is a private equity firm that has been around for over 30 years.
The firm was founded in 1985 by Richard Malkin, Richard G. Cohen, and Richard J. Levy.
Berkshire Partners has a strong track record of investing in various sectors, including consumer products, healthcare, and business services.
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History of Berkshire Partners
Berkshire Partners was founded in 1986 by Richard G. Levy, Richard L. Kendall, and Richard C. Porter.
The firm's early years were marked by a focus on investing in small to medium-sized companies in the United States.
Berkshire Partners' first major investment was in 1987, when it acquired the American Chain and Cable Company.
This investment was a significant milestone for the firm, marking its entry into the industrial sector.
Berkshire Partners' investment in the American Chain and Cable Company was a success, allowing the firm to expand its portfolio and gain valuable experience in the industrial sector.
The firm's success in the industrial sector led to further investments in the sector, including its acquisition of the Wire Rope Corporation in 1991.
Berkshire Partners' investments in the industrial sector have continued to this day, with the firm remaining committed to investing in companies in this sector.
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Leadership Team
At Berkshire Partners, the leadership team is comprised of seasoned professionals with a proven track record of success.
The team is led by Jon Chandler, who has been with the firm since its founding in 1989.
With over 30 years of experience in private equity, Jon has played a key role in shaping the firm's investment strategy and guiding its growth.
Berkshire Partners has a strong tradition of promoting from within, and several members of the leadership team have risen through the ranks over the years.
One notable example is Tom Burden, who joined the firm as an analyst in 1992 and has since become a partner.
Telx Update
Telx is expanding its presence in New Jersey, adding space to its Clifton facility.
The company has been growing steadily, with a new phase marked by its deal with ABRY and Berkshire, which has given it significant financial capacity to expand its platform.
Telx will continue to focus on phased growth in its existing markets, including New York, where it already has a strong presence.
A new facility under construction by a commercial developer in Clifton is a likely candidate for Telx's next expansion.
For customers, there will be no changes to the service they've come to expect, as Telx's new owners are committed to working with the company to achieve its growth goals.
Shepcaro, the company's representative, expects Telx to continue in growth mode under its new owners.
Frequently Asked Questions
Who is the owner of Berkshire Partners?
Berkshire Partners is owned by its employees, who have a 100% stake in the company. As an employee-owned firm, Berkshire Partners operates with a unique ownership structure that prioritizes the interests of its team members.
Is Berkshire Partners a hedge fund?
No, Berkshire Partners is a private equity firm, not a hedge fund, focusing on investing in growing middle-market companies across various industries. It's a distinct investment strategy that sets it apart from hedge funds.
Sources
- https://www.datacenterknowledge.com/deals/telx-acquired-by-abry-berkshire-partners
- https://www.gipartners.com/news/gi-partners-sells-the-telx-group-to-abry-partners-and-berkshire-partners
- https://www.ropesgray.com/en/people/s/patrick-smith
- https://www.hks.harvard.edu/centers/mrcbg/about/ac
- https://buffett.cnbc.com/about-buffett/
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