BOSTON, June 2, 2016 /PRNewswire/ -- BV Investment Partners ("BV"), a middle-market private equity firm focused on the information and business services and communications sectors, today announced that Stuart Brown has joined the firm as a Partner, where he will be focused on originating new investment opportunities.
Mr. Brown joins BV from MHT Midspan, a leading national investment bank, where he most recently served as Managing Director and head of the Energy Group, which he founded and built into a national energy practice. Previously, he served in senior positions with Southwest Securities, Inc., Butler Capital Investments, Inc., and Citi Global. He began his career at Stephens, Inc. Mr. Brown is a graduate of The University of the South at Sewanee and received his MBA from Wake Forest University, Babcock Graduate School.
Justin Harrison, Managing Director of BV, said, "We have worked with Stuart for a number of years and have gained firsthand insight into his considerable business and strategic acumen through our investment in software provider geoLOGIC Systems. His advice and experience have already proven instrumental in Fund VIII and we are very pleased that he is joining our firm. His origination and execution experience combined with his knowledge of our firm makes him an immediately effective addition to our partnership."
Separately, BV also named two new members to its Operating Advisory Board (OAB), bringing the total Board to 14 experienced executives in the firm's industry verticals who offer operating expertise and strategic insights to BV and its portfolio investments. Joining the OAB is Jerry Burgess, a senior executive with more than 30 years of experience in the health care industry. He is Founder and former Chief Executive Officer of Community Health Alliance of Tennessee, the state's only Consumer Operated and Oriented Plan. He will work in the firm's Business & Information Services vertical. Dev Chanchani also joins the OAB and will work within the firm's Communications vertical. Mr. Chanchani is a leader in the managed hosting industry. He founded and served as CEO of INetU, a leading managed hosting and cloud services provider and former BV portfolio company, which was sold to ViaWest, Inc. in 2015.
Commenting on the expansion of the Firm's senior team and OAB, Vikrant Raina, Managing Partner, said, "We continue to broaden our talent to meet the needs of our firm and our investors moving forward. Stuart is a great complement to our strong, established team and his M&A and expansive industry expertise, will add a new and important perspective to existing and future investments. Additionally, our OAB is a significant asset to the Firm as it broadens our deep industry network and operating capabilities. The new members will further enhance the effectiveness of the Board and we look forward to their contributions."
BV Investment Partners is currently investing its eighth private equity fund. The firm is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested over $2.7 billion in 84 companies, actively targeting investments in the information and business services and communications industries. For more information, please visit www.bvlp.com.
Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
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SOURCE BV Investment Partners