Iris Dorbian
Accruent, which is backed by TA Associates and Vista Equity Partners, said Wednesday that it has hired Wayne Roberts as its chief operating officer. Previously, Roberts worked at Rackspace. Headquartered in Austin, Accruent is a provider of real estate and facilities management solutions.
Polaris Partners has promoted Pat Kinsel to venture partner. Kinsel, who is based in Boston, will focus on tech investing. Kinsel joined Polaris in 2013 as an entrepreneur-in-residence after his Polaris-backed firm Spindle was bought by Twitter.
Wellcentive said Tuesday that it has received an undisclosed amount of funding. Summit Partners was the lead investor with participation from Wellcentive's previous backers Noro-Moseley Partners and Harbert Management Partners. Wellcentive is a provider of population health management solutions.
Olympus Partners has agreed to acquire Pregis Corp. North America, which is owned by AEA Investors. No financial terms were disclosed for the transaction, which is expected to close by the end of May. Pregis Corp is a maker of protective packing materials and systems.
USJ-IMECO, a portfolio company of J.F. Lehman & Company, has acquired Robichaux Automation and Control. No financial terms were disclosed. Headquartered outside New Orleans, RAACI is a provider of electrical, control and automation systems for commercial and government vessels.
Balance Point Capital Partners has acquired Johnny on the Spot. No financial terms were disclosed for the transaction, which Balance Point did with capital partner Dubin Clark. Jesse Thompson, president and owner of Johnny on the Spot, will remain as president and as a "significant" stakeholder. Headquartered in Old Bridge, NJ, JOTS is a provider of portable toilets and related items for the special event and construction sectors.
P2 Energy Solutions, a portfolio company of Advent International, has named Léo Apotheker to its board of directors. Apotheker is the current chairman of KMD AS and a former co-CEO of SAP. P2 is a provider of software, geospatial data and land management solutions for the upstream oil and gas sector.
Bain Capital has made an undisclosed investment in Viewpoint Construction Software. As part of the transaction, Updata Partners and TA Associates are selling their stakes in Viewpoint. Credit Suisse and Canaccord Genuity advised Viewpoint on the deal while Wells Fargo advised Bain Capital. Headquartered in Portland, Oregon, Viewpoint is a provider of software solutions and services to the construction sector.
JW Childs has received $477 million from CPPIB for its third fund. Also, CPPIB has agreed to invest $119 million in JW Childs' fourth fund, which targets $450 million. JW Childs focuses mostly on mid-market companies in the consumer products, specialty retail and healthcare services sectors in North America.
Private equity firm Hammond, Kennedy, Whitney & Company said Monday that it has raised approximately $316 million in the final close of its fourth fund. The pool's target was $300 million. According to the firm, its LPs include six insurance companies, four fund of funds, two state pension funds and one university endowment. The fund will invest in North America-based lower middle-market firms.