Month: December 2016

Congratulations to ACG Boston Member Julia Karol, Watermill Group

juliakarol_150x150Congratulations to ACG Boston member Julia Karol, COO, the Watermill Group, for being named to the 2017 Most Influential Women in M&A list by Mergers & Acquisitions.

Read more.

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Networking Breakfast:James J. Agnew, Vice President Corporate Development & Acquisitions, Tufts Health Plan & Tufts Health Ventures

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Connect with ACG Boston and New England’s deal professionals at our bi-monthly Networking Breakfast, where the region’s middle-market M&A community comes together to network and hear high caliber industry experts share their outlook, opinions, successes and failures in M&A.

January’s breakfast will feature James J. Agnew, Vice President Corporate Development & Acquisitions, Tufts Health Plan and Tufts Health Ventures, who will present on Tufts Health Plan: Transforming Beyond The Image of Health Payer to a New Healthcare Enterprise. Given the challenges presented by US Healthcare Reform, increasing competition from non-traditional entities and the rush to provider consolidation; Tufts Health Plan is transforming itself from a traditional payer centric organization into a new health enterprise.

James’ presentation will describe the journey Tufts Health Plan is undertaking to become more industry nimble in addressing issues such as:

  • Strategic partnership w/ non-traditional business partners
  • Adopting new strategies in managing risk-based contracting
  • Recent acquisition activity and their direction for 2017
  • Their approach to sourcing and executing on acquisitions and strategic investments
  • How they work in partnership w/ VC and PE firms locally and nationally
  • Role of primary care as a driver of economic and clinical transformation
  • Partnerships and JVs between health plans and hospital systems
  • Clinical and economic analytics needed to drive transformation
  • Where can health systems find undiscovered value w/ VC and PE firms?

Event Details:

Thursday, January 12, 2017
7:00AM – 9:00AM
Serafina | 10 High St. | Boston, MA

Members: $65.00 ($75.00 after 01/05)
Young Professional Members: $50.00
Non-Members: $105.00 ($115.00 after 01/05)

Learn more & register here.

Connect the Next Generation to the M&A Industry: Members Only Breakfast at Brae Burn | Jan. 6

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ACG members: Is there a college student or recent graduate in your family looking to break into the M&A industry? Do you know a younger professional just starting in their career and looking for advice on how to advance in the middle market?

ACG members are invited to bring them to ACG Boston’s complimentary 3nd Annual Members-Only Breakfast at Brae Burn on January 6, 2017, where they’ll connect with other ACG members and get exposure to the ins and outs of getting an internship, finding potential mentors, learning the ropes, or advancing in their M&A careers.

Kick off breakfast by hearing from Ben Procter, Partner at the Watermill Group, on how to break into M&A, career advice, effective networking and more, and then your guest will be able to get valuable advice and tips from PEGs, IBs, advisors, strategics and more.

Event Details:

Friday, January 6, 2017
9:00AM – 11:00AM (breakfast will be provided)
Brae Burn Country Club
326 Fuller St. | Newton, MA

This event is members-only and complimentary. ACG members: please email Emily Silva for more information on the event and how to RSVP.

Welcome New Members

ACG Boston welcomes the following new members to the community:

Chad Cavanaugh
Grant Thornton

Jeffrey Clark
WestView Capital Partners

Frank Cordek
Signal Hill

Dan Gray
KPS Capital Partners

Cameron Hagen
TM Capital

Michael McQueeney
Summer Street Capital Partners, LLC

Daniel Schultz
Webster Capital

Kenny Smith
Crystal Financial

Chase Taps Kyle Murphy to Lead Commercial Banking Business Development in New England

kylemurphy_150x150Chase recently announced they’ve hired ACG Boston member Kyle Murphy to lead Business Development in New England for the firm’s Commercial Banking team. Murphy will be based in Boston.

“Kyle brings great expertise and local market knowledge to our Middle Market Banking Group, adding both depth and breadth to our team,” said Rick MacDonald, New England Region Manager for Chase Commercial Banking in a memo to clients. “Our group continues to strengthen with the addition of Kyle and the skills that he provides.”

Murphy joins Chase from Wells Fargo Capital Finance, where he spent the last seven years covering Middle Market companies in both Boston and New York.

Originally from Southeastern Massachusetts, Kyle is an active member of the Association for Corporate Growth, Commercial Finance Association, Turnaround Management Association and a founding member of TKT Boston.

Chase Middle Market Banking & Specialized Industries provides credit and cash management services, and access to capital markets and corporate finance advisory solutions to companies with annual revenues between $20 million and $500 million. Our local delivery model and industry expertise, coupled with the firm’s global resources and capabilities, allows us to provide you with customized, comprehensive solutions and exceptional service—helping you stay competitive and drive results.

Featured Member: Sara Bowdoin, Siguler Guff

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Sara Bowdoin,
Vice President,
Siguler Guff

How did you end up in your line of business?

A little bit by chance, actually.  Prior to joining Siguler Guff, I was working at a boutique investment bank and really didn’t know much about the fund-of-funds world.  A headhunter approached me about the position in Boston and it has been a perfect fit.  My favorite part of my prior job was working with small and lower middle market companies.  Through our small business platform at Siguler Guff, I still get to do that every day.

How did you first get involved with ACG Boston?

Although I have been an ACG member for a few years, I only recently became more involved with the group.  I went through the ACG Boston ACCELERATOR program in August, which was a great way to connect with other young professionals in the area.

What’s the best advice you’ve ever received?

A coworker once gave me advice about networking — he said that instead of going into a networking event thinking, “How can this person help me?” think, “How can I help this person?”  It is a subtle change, but the resulting conversations are more honest and open once the pressure to “get something out of it” is removed.

What is something people don’t know about you?

While in college at Wake Forest University, I lived in Venice, Italy for five months in a house on the Grand Canal — the same house where my parents met 30 years earlier.  While I didn’t meet my future husband there, I was able to travel to Venice with him this summer and show him the house.

What is your most satisfying professional accomplishment?

There is nothing better than seeing a small business thrive post-acquisition. Not only does it validate your underwriting, but it is rewarding to see businesses succeed. One of my first co-investments was in a specialized publishing business that was carved out of a large public company. This division had been neglected by the parent company and our acquisition with the private equity sponsor really brought new life to the company, especially the management team. The company continues to take market share and introduce new products. It has been a great investment so far and I’ve enjoyed watching the company’s success.

What is the best vacation you’ve ever had?

I would have to say Kauai in Hawaii. We went for our honeymoon and it was the most relaxing vacation in a beautiful spot.