Blue Point Capital Partners hired three professionals: Colleen Greenrod as chief administrative officer, Jonathan Pressnell as principal and Sonali Aggarwal as an associate. Greenrod joined the firm from J.P. Morgan, where she worked for One Equity Partners and the private equity fund administrative group. She replaces Lisa Root, who is retiring after 23 years. Pressnell is rejoining Blue Point after working at the firm as an associate for three years. He spent time working as a principal at Greenbriar Equity Group.
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.