Prospect Hill Growth Partners

Prospect Hill Growth Partners, established in 1995, is a private equity firm headquartered in Waltham, Massachusetts. The company specializes in investing in middle-market growth companies, focusing on the consumer products and services, healthcare, and retail sectors. It primarily engages in leveraged buyouts, acquisitions, and recapitalizations, seeking to invest between $25 million and $100 million in companies with enterprise values between $150 million and $600 million, EBITDA between $5 million and $25 million, and revenue between $50 million and $300 million. Prospect Hill typically takes a majority stake and aims to create value through operational improvements, new store rollouts, distribution expansion, and brand investment. The firm prefers to take a seat on the board of directors of its portfolio companies.

Christopher Eklund

Partner / Venture Capital / Director

Joseph Fortunato

Operating Partner

Adam Suttin

Managing Partner

33 past transactions

VeraDermics

Series B in 2024
VeraDermics is a dermatology company focused on developing innovative solutions for skin conditions, particularly warts. The company has created a dissolvable microneedle patch that delivers immunotherapy painlessly, stimulating the body's immune response to combat the wart virus. This patch is designed to be applied like a bandage and remains on the skin for less than an hour. During this time, the microneedles, made from immune stimulators embedded in a polymer matrix, dissolve and are implanted into the skin. After the adhesive backing is removed, the microneedles continue to dissolve over the following weeks, releasing immune stimulators directly into the wart. This method not only provides a pain-free treatment option but also simplifies the administration process for medical practitioners and enhances patient comfort.

MOTIS Brands

Acquisition in 2022
MOTIS Brands designs, develops, and distributes a range of loading, hauling, and transportation products. The company specializes in the online retail of lifts, ramps, and various hauling accessories, catering to diverse markets including power sports, medical, recreational, commercial, transportation, military, and industrial sectors. Through its online platform, MOTIS Brands aims to provide industry-leading solutions that enhance accessibility and efficiency in loading and transportation tasks.

Pyramid Biosciences

Series B in 2021
Pyramid Biosciences, Inc. is a biotechnology company based in Waltham, Massachusetts, focused on the discovery and development of targeted therapeutics for disorders regulated by the tropomyosin receptor kinase (TRK) family. The company specializes in creating TRK modulators aimed at treating dermatology and oncology conditions linked to dysregulated TRK signaling pathways. Its notable products include PBI-100, designed for dermatological applications with anti-itch, anti-inflammatory, and antiproliferative properties, and PBI-200, an orally active TRK inhibitor that addresses clinical resistance mutations seen in current TRK therapies for cancer. Incorporated in 2015, Pyramid Biosciences aims to provide precise and selective modulation of TRK signaling to improve patient outcomes.

VeraDermics

Series A in 2021
VeraDermics is a dermatology company focused on developing innovative solutions for skin conditions, particularly warts. The company has created a dissolvable microneedle patch that delivers immunotherapy painlessly, stimulating the body's immune response to combat the wart virus. This patch is designed to be applied like a bandage and remains on the skin for less than an hour. During this time, the microneedles, made from immune stimulators embedded in a polymer matrix, dissolve and are implanted into the skin. After the adhesive backing is removed, the microneedles continue to dissolve over the following weeks, releasing immune stimulators directly into the wart. This method not only provides a pain-free treatment option but also simplifies the administration process for medical practitioners and enhances patient comfort.

Pyramid Biosciences

Venture Round in 2020
Pyramid Biosciences, Inc. is a biotechnology company based in Waltham, Massachusetts, focused on the discovery and development of targeted therapeutics for disorders regulated by the tropomyosin receptor kinase (TRK) family. The company specializes in creating TRK modulators aimed at treating dermatology and oncology conditions linked to dysregulated TRK signaling pathways. Its notable products include PBI-100, designed for dermatological applications with anti-itch, anti-inflammatory, and antiproliferative properties, and PBI-200, an orally active TRK inhibitor that addresses clinical resistance mutations seen in current TRK therapies for cancer. Incorporated in 2015, Pyramid Biosciences aims to provide precise and selective modulation of TRK signaling to improve patient outcomes.

Fitness Ventures

Acquisition in 2020
Fitness Ventures, LLC operates physical fitness facilities across the United States, primarily as a franchisee of Crunch Fitness gyms. Founded in 1989 and based in Altamonte Springs, Florida, the company not only focuses on gym operations but also offers additional salon services, including UV tanning, spray tanning, and hydromassage equipment. Fitness Ventures aims to create a welcoming atmosphere for its members, helping them achieve their fitness goals while fostering a supportive work environment for its team members.

Walker Edison

Acquisition in 2018
Walker Edison Furniture Company, LLC, founded in 2006 and based in Salt Lake City, Utah, specializes in manufacturing ready-to-assemble furniture for various settings, including living rooms, dining rooms, bedrooms, and home offices, as well as outdoor furniture and home décor items. The company has established itself as a significant partner in the e-commerce sector, providing a drop-ship solution for major retailers. Walker Edison operates globally, with a presence in markets such as Brazil, Asia, the UK, and Germany. By leveraging data-driven strategies, the company designs and supplies affordable furniture, facilitating efficient distribution and customer support. Its commitment to innovation and customer service has positioned Walker Edison as a leader in the online furniture retail space.

Urology Management Associates

Acquisition in 2018
Urology Management Associates (UMA) provides administrative practice management services to New Jersey Urology (NJU), the largest single-specialty urology group in the U.S.

Siromed

Acquisition in 2018
Siromed is a physician practice management company providing outsourced physician services to hospitals, ASCs and other healthcare facilities. The company is primarily focused on anesthesiology and gastroenterology but might expand to other physician specialties.

Honors Holdings

Acquisition in 2018
Honors Holdings is a prominent franchisee of Orangetheory Fitness studios, managing over 150 locations across the United States. The company operates more than 100 company-owned studios alongside over 50 sub-franchised facilities. Honors Holdings focuses on delivering a unique fitness experience through its scientifically designed group personal training sessions, which emphasize endurance, strength, and power. Each workout is led by skilled coaches and utilizes a diverse array of equipment, including treadmills, rowing machines, TRX suspension training, and free weights. This approach enables members to effectively pursue and achieve their fitness goals in a supportive and dynamic environment.

Outward Hound

Acquisition in 2017
Outward Hound is a manufacturer based in Centennial, Colorado, specializing in innovative pet products designed to enhance the lives of pets and their owners. The company offers a diverse range of items, including plush toys, travel gear, and mentally stimulating games and puzzles for dogs. Their product lineup features agility kits, slow feeders, and various types of toys such as squeaker mats and rubber games. Additionally, Outward Hound provides travel accessories, including carriers, life jackets, and treat bags, as well as seasonal items like festive collars and holiday-themed toys. These products are available through online platforms and pet supply stores, ensuring accessibility for pet parents seeking durable and safe options.

EbLens

Acquisition in 2017
EbLens is a lifestyle retailer headquartered in Torrington, Connecticut, specializing in urban-inspired footwear, apparel, and accessories. The company offers a diverse range of products, including shoes, jerseys, shorts, shirts, swimwear, sunglasses, hats, and jeans. EbLens is known for its regular releases of exclusive and limited-edition footwear, featuring popular premium brands such as Nike, Jordan, adidas, Timberland, Polo, The North Face, Lacoste, and Nautica. With a growing presence of 44 stores across key markets in New England and New York, EbLens is positioning itself as a destination for consumers seeking on-trend fashion.

Comoto Holdings

Venture Round in 2016
Comoto Holdings is the largest Powersports aftermarket retailer in the United States, catering to motorcycle enthusiasts through its well-known brands, including Cycle Gear, J&P Cycles, and RevZilla.com. With a network of 150 stores across the country and over 90 years of combined industry experience, Comoto provides a wide range of products and specialized expertise to support the passion of motorcyclists. The company emphasizes a strong customer experience, offering engaging media and dedicated support alongside its eCommerce and retail services.

KeyImpact Sales and Systems

Acquisition in 2015
KeyImpact Sales and Systems is a sales and marketing agency specializing in the foodservice industry. With a focus on driving sales and promoting products to clients in the foodservice sector, the company serves as a crucial link between manufacturers and end-users. Leveraging their expertise in sales and marketing, KeyImpact Sales and Systems help businesses in the foodservice industry achieve their goals and maximize their market reach. Through strategic partnerships and tailored solutions, the company plays a vital role in driving growth and success for their clients in the competitive foodservice market.

Shoe Sensation

Acquisition in 2015
Shoe Sensation, Inc. operates a regional chain of family-oriented shoe stores across several states, including Arkansas, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, Tennessee, and West Virginia. Founded in 1974 and based in Jeffersonville, Indiana, the company specializes in providing a diverse selection of quality name-brand footwear for men, women, and children. Their inventory includes various types of shoes, such as running shoes, walking shoes, safety toe boots, heels, and sneakers, catering to the footwear needs of customers from toddlers to senior citizens. Shoe Sensation aims to offer a better-branded merchandise mix, ensuring a wide range of options for the entire family.

Cycle Gear

Acquisition in 2015
Cycle Gear, Inc. is a prominent retailer specializing in motorcycle parts and apparel in the United States. Established in 1974 and based in Benicia, California, the company offers a wide range of products including helmets, jackets, pants, boots, gloves, and protective gear for various types of motorcycle riding such as street, cruiser, off-road, and touring. In addition to riding gear, Cycle Gear provides tires, exhaust systems, braking components, and other essential motorcycle parts. The company also offers casual apparel and a variety of accessories, including tools, electronics, and storage solutions. Cycle Gear emphasizes customer satisfaction and is recognized for its extensive selection of brands, including Shoei, Dainese, and Alpinestars. With both an online presence and physical retail stores, Cycle Gear strives to enhance the riding experience while ensuring safety and quality for its customers.

Kosta Browne Winery

Acquisition in 2015
Kosta Browne Winery, located in Sebastopol, California, has spent over 15 years specializing in the production of high-quality wines, particularly renowned for their Pinot Noirs. The winery sources grapes from prestigious regions such as the Russian River Valley, Sonoma Coast, and Santa Lucia Highlands, ensuring a focus on intensely flavored and balanced wines. Kosta Browne is recognized as an industry leader, celebrated for its commitment to quality and strong customer relationships. The winery produces both appellation and single-vineyard wines, making them highly sought after in the new world wine market.

Mattress Firm

Acquisition in 2007
Mattress Firm, Inc. is a retail company specializing in the distribution of mattresses, bedding accessories, and related products. Founded in 2002 and headquartered in Houston, Texas, it operates a chain of retail stores and an online platform, offering a wide variety of mattress types, including memory foam, innerspring, and hybrid options. In addition to mattresses, Mattress Firm provides products such as box springs, bed frames, pillows, and furniture, catering to diverse customer preferences and needs. The company also offers bedding solutions specifically designed for babies, kids, and individuals experiencing back pain. Furthermore, Mattress Firm provides financing options to facilitate customer purchases, enhancing accessibility to its product range.

CHG Healthcare

Acquisition in 2006
CHG Healthcare Services, Inc. is a prominent provider of healthcare staffing services in the United States, specializing in the temporary and permanent placement of various healthcare professionals, including physicians, nurses, physician assistants, nurse practitioners, therapists, and lab clinicians. Founded in 1979 and headquartered in Salt Lake City, Utah, the company aims to support hospitals and healthcare organizations by enhancing employee satisfaction and engagement. This focus helps clients achieve greater operational flexibility and cost efficiency. Formerly known as CompHealth Group, Inc., CHG Healthcare changed its name in December 2005 and operates additional offices across the country to better serve its diverse client base.

Advantage Solutions

Acquisition in 2006
Advantage Solutions Inc. is a leading promotions agency that offers a comprehensive range of sales and marketing solutions to clients around the world. Founded in 1987 and headquartered in Irvine, California, the company specializes in various services including headquarter sales, retail merchandising, and marketing strategies such as shopper marketing, experiential marketing, and digital/social marketing. It caters to diverse industries, including grocery, drugstore, club, convenience, natural/specialty, consumer electronics, home center, and foodservice. With a workforce of over 50,000 associates and a presence in the United States, Canada, and Europe, Advantage Solutions is dedicated to enhancing brand value for its clients through customized services. The company was formerly known as Karman Holding Corp. before rebranding to Advantage Solutions in March 2016.

Sheridan Healthcare

Acquisition in 2004
Sheridan Healthcare is a prominent provider of multi-specialty outsourced physician services to hospitals, ambulatory surgery centers, and other healthcare facilities. With a strong presence in 25 states, the company employs over 2,400 physicians and healthcare professionals. Sheridan's expertise spans anesthesiology, children’s services, emergency medicine, neonatology, and radiology. Established in 1953, its anesthesiology division is recognized as a leading provider in the country. In addition to clinical services, Sheridan offers support, training, and management in non-clinical areas. The company is certified by the National Committee for Quality Assurance as a physician organization.

Sunny Delight Beverages

Acquisition in 2004
Sunny Delight Beverages Co., established in 1963 and headquartered in Cincinnati, Ohio, specializes in producing and marketing a variety of juice-based drinks in North America. Its product portfolio includes juices, fruit smoothies, flavored waters, and dietary supplements like glucosamine and chondroitin. The company serves consumers, retail customers, and foodservice/vending organizations. Notably, it was previously a subsidiary of The Coca-Cola Company and changed its name to Sunny Delight Beverages Co. in 2004.

Joseph Abboud

Acquisition in 2003
Joseph Abboud is a manufacturer of men's clothing and accessories based in New York, specializing in tailored clothing, furnishings, and sportswear. The brand is known for its commitment to distinctive quality and sophisticated styling, aiming to produce the finest menswear in the market. With a tailored clothing factory located in New Bedford, Massachusetts, Joseph Abboud emphasizes American craftsmanship in its products. The collection includes suits, sport coats, trousers, and shirts, all designed with unique details that enhance the fabric and garment style. The brand is highly regarded for its enduring quality and fit, reflecting the sophisticated standards expected by its customers.

Murray's Discount Auto Stores

Acquisition in 2003
Murray's Discount Auto Stores is a retailer specializing in aftermarket automotive parts and accessories. The company provides a wide range of products through its various store locations, catering to the needs of vehicle owners and enthusiasts. As a subsidiary of CSK Auto, Murray's emphasizes accessibility and affordability in its offerings, aiming to serve customers with quality automotive solutions.

Esselte IPR AB

Acquisition in 2002
Esselte IPR AB, based in Hestra, Sweden, specializes in manufacturing and marketing a wide range of office products and supplies. The company offers various items, including hanging file folders, ring binders, staplers, perforators, letter trays, computer bags, printer cartridges, and binding and lamination machines. In addition to these products, Esselte provides index cards and other office-related materials, catering to the needs of businesses and individuals seeking organizational and functional solutions for their work environments.

Meow Mix

Acquisition in 2002
Meow Mix is a well-established brand specializing in cat food, with a focus on providing both delicious flavors and essential nutrition for cats. For over 40 years, the brand has recognized the unique bond between cats and their owners, emphasizing the importance of mealtime as a moment of connection. Meow Mix offers a variety of dry cat food products, utilizing patented formulations and advanced manufacturing processes to cater to the specific dietary needs of felines. The brand is known for its commitment to quality and has built a reputation that resonates with both cats and their owners, making it a preferred choice in households.

Pinnacle Foods

Acquisition in 2001
Pinnacle Foods Inc., headquartered in Parsippany, New Jersey, is a producer and supplier of branded convenience food products in North America, employing over 4,300 individuals. The company operates through four main segments: Frozen, Grocery, Boulder, and Specialty. The Frozen segment provides a range of frozen products, including vegetables, complete bagged meals, and seafood under established brands such as Birds Eye and Hungry-Man. The Grocery segment offers a variety of shelf-stable items like cake mixes, dressings, and canned goods under names like Duncan Hines and Wish-Bone. The Boulder segment focuses on gluten-free and plant-based products marketed under brands such as Udi's and Earth Balance. Meanwhile, the Specialty segment encompasses snack products and private label items, including chips and gluten-free alternatives. Pinnacle Foods distributes its products through various channels, including supermarkets, wholesalers, and e-commerce platforms, reaching a significant share of American households.

The NutraSweet Company

Acquisition in 2000
NutraSweet brand sweetener was discovered in 1965 at G.D. Searle and Company by researcher James Schlatter. He was working on research with amino acids to develop a treatment for ulcers. When he licked his finger to pick up a piece of paper, Schlatter got the world's first taste of NutraSweet. His amino acid combination may not have cured ulcers, but it helped create a product that revolutionized the category of "sweetener" for individuals and food ingredient companies. Since its introduction in 1981, millions of people worldwide have enjoyed and continue to enjoy more than 5,000 products containing NutraSweet brand sweetener. As the world's premier sugar substitute, NutraSweet offers great taste and virtually no calories. With regulatory approvals in more than 100 countries on six continents, NutraSweet is the most widely recognized and tested sweetening ingredient in the world.

Personna

Acquisition in 1999
Personna is the global manufacturer of private-label wet shaving razors and blades, and industrial and specialty blades. The company’s products were sold in more than 85 countries, with four manufacturing sites, nine packaging locations, and thirteen sales and distribution centres across the globe. Personna operated under two business divisions: a wet shaving division and an industrial division. The company was headquartered in Cedar Knolls, New Jersey. American Safety Razor Files for Bankruptcy on 2010, Aug, 12.

The Tile Shop

Acquisition in 1998
The Tile Shop is a specialty retailer based in the United States that offers a wide variety of natural stone and man-made tiles, including porcelain, glass, ceramic, travertine, marble, granite, quartz, sandstone, slate, and onyx. In addition to its extensive selection of tiles, the company provides setting and maintenance materials such as thinset, grout, and sealers, all of which are manufactured in-house. The Tile Shop also supplies various accessories, including installation tools, shower and bath shelves, and drains, catering to a diverse customer base that includes consumers, contractors, designers, and home builders.

Desa International

Venture Round in 1997
DESA International manufactures and markets high-quality, branded zone heating products, hearth products, security lighting and specialty tools for use in homes and commercial buildings. Its products carry the Vanguard, Comfort Glow, Reddy Heaters, Remington, Master and Heath/Zenith brand names. DESA sells its products through multiple consumer and commercial channels of distribution including home centers, mass merchants, hardware cooperatives, specialty heating distributors and construction equipment dealers.

EdisonLearning

Funding Round in 1996
EdisonLearning is an international educational services provider and the largest minority-owned education services company in the United States, with operations in the United States, the United Kingdom, and Africa. The company partners with over 350 schools, serving approximately 150,000 students. EdisonLearning offers a range of programs and services designed to enhance student success, including research-based school designs, online curricula, and intensive professional development for educators. Additionally, it provides achievement consultative services, tutoring, and summer and after-school programs across various districts, all aimed at promoting effective learning and educational achievement.

Quality Stores

Acquisition in 1995
Quality Stores served the agricultural, hardware, and related needs of rural consumers, primarily part-time and full-time farmers.
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