Berkshire Partners Announces New Advisory Directors

BOSTON–(BUSINESS WIRE)–Berkshire Partners LLC, a Boston-based investment firm, announced today that Chuck Ball and Carol Vallone have joined the firm as Advisory Directors. Both Chuck and Carol will work with Berkshire to source new investment ideas and serve as advisors to portfolio companies.

Chuck and Carol are proven executives with deep experience in developing and implementing strategy to drive long-term growth at companies across the healthcare, education and e-commerce industries,” said Chris Hadley, a Managing Director at Berkshire. “We are pleased to welcome Chuck and Carol, and we look forward to engaging with them in the years to come in both evaluating investment opportunities and building value within our portfolio.”

Mr. Ball is a highly experienced healthcare executive having spent over 25 years in various positions—most recently as the Senior Vice President of Distribution Services and, prior to that, as the President, Health Systems—at AmerisourceBergen Drug Corporation and its predecessor company. Currently, Mr. Ball continues to build upon his expertise partnering with companies as a healthcare consultant while also staying involved with several leading healthcare organizations, including serving on the board of directors of the American Heart Association of Southeastern Pennsylvania and as a Wish Granter and a former member of the Speaker’s Bureau for the Make-A-Wish Foundation. Mr. Ball is also a partner in Gaderian Wines.

Ms. Vallone is a seasoned SaaS executive with expertise in launching, scaling and selling global market-leading companies. Ms. Vallone has served as President and Chief Executive Officer of WebCT Inc., Wimba Corporation and Meteor Learning. She has also served on multiple boards at leading non-profit healthcare, public financial services and e-commerce organizations. Currently, Ms. Vallone serves as chair of the board of trustees at McLean Hospital, is a member of the board of trustees at the Massachusetts General Hospital Institute of Health Professions, serves on the finance committee at Partners HealthCare and serves on the board of directors of Arosa LLC. Ms. Vallone was also previously a board member of Demandware Inc., as well as a board member of Beverly National Bank.

Advisory Directors are business executives or industry experts well known to Berkshire who participate in specific activities that arise in their areas of expertise, including deal origination, due diligence investigation, investment deliberation and portfolio company advisory services. Advisory Directors are independent advisors that provide consulting services to Berkshire or its portfolio companies at varying levels of engagement. Please see Berkshire’s Form ADV Part 2A filed with the SEC for additional details.

About Berkshire Partners

Berkshire Partners, a Boston-based investment firm, has raised nine private equity funds with more than $16 billion in aggregate capital and has made over 125 investments in primarily middle market companies since its founding in 1986. Berkshire has developed specific industry experience in several areas including consumer products and retail, communications, business services, healthcare and industrials. Berkshire has a strong history of partnering with management teams to grow the companies in which it invests with the goal of consistently achieving superior investment returns. The firm is currently investing from Berkshire Fund IX, a $5.5 billion fund raised in 2016. The firm seeks to invest $50 million to $500 million of capital in each portfolio company. For additional information, visit berkshirepartners.com

Contacts

Berkshire Partners:

Jean Gulliver, 617-227-0050

jgulliver@berkshirepartners.com

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