PHILADELPHIA & LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Oct 31, 2023--
Lovell Minnick Partners (“LMP”), a private equity firm investing in growth-oriented companies, today announced the appointment of Don Weinstein to its Advisory Council. Don brings over 30 years of extensive enterprise product, strategy, and technology experience, and will assist LMP in all aspects of investment activity.
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Throughout his distinguished career, Don Weinstein has demonstrated a remarkable ability to drive innovation, launch new products, and foster top-line revenue growth. He most recently served as ADP’s Chief Product and Technology Officer, reinvigorating the product portfolio, driving full go-to-market and commercialization of new products, and leading the company-wide Digital Transformation yielding significant revenue growth and costs savings. He previously served as ADP’s Chief Strategy Officer, guiding the company’s strategic planning, portfolio, and investment prioritization process with full P&L responsibility for ADP’s portfolio of new business ventures. Don’s partnership with ADP's CEO and Board of Directors led to a remarkable increase in ADP's Market Cap, exceeding 500%.
"We are thrilled to welcome Don Weinstein to our Advisory Council,” says Steve Pierson, Managing Partner at LMP. “His unparalleled experience in driving growth, executing strategic initiatives, and enhancing stakeholder value will be instrumental as we continue to pursue investment opportunities in the business services sector. Don's strengths in strategic problem-solving, scaling new products and businesses, and his ability to synthesize and communicate complex topics make him a valuable asset to our team."
“Over the years, I’ve had the opportunity to work with several world-class private equity firms and am very impressed by the hands-on approach LMP takes with its partners. I look forward to leveraging my expertise and working closely with LMP and the business services companies in its portfolio to help them scale,” added Don Weinstein.
Don’s appointment further reinforces LMP's commitment to leveraging the expertise of industry leaders to navigate the evolving landscape of financial services, financial technology and business services and deliver value to their investors and portfolio companies.
LMP’s Advisory Council members are independent contractors that serve as advisors to the firm as well as its portfolio companies.
About Lovell Minnick Partners
LMP is a private equity firm with a 20+ year track record of partnering with growth-oriented companies. We leverage our deep sector experience and broad network of strategic advisors to help founders scale their companies at an accelerated pace. LMP collaborates with management teams to achieve long-term success and value creation through organic growth and strategic acquisitions.
Since our inception in 1999, we have raised approximately $4.75 billion of committed capital, invested in over 50 companies and completed over 175 add-on acquisitions. LMP targets growth-oriented, middle-market companies in the following sectors: financial services, financial technology and business services.
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CONTACT: Shaye Spector
sspector@prosek.com
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA NEW YORK PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE
SOURCE: Lovell Minnick Partners
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PUB: 10/31/2023 08:30 AM/DISC: 10/31/2023 08:32 AM
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