CHICAGO – March 4, 2020 – Erie Street, an independent firm that works with founders and management teams to achieve next-level growth, today announced the appointment of Patrick Donegan as Executive Vice President of Growth and Client Services at Performance Improvement Partners (PIP), an Erie Street company.
In this newly created role, Donegan will be responsible for designing and developing an integrated growth strategy for Performance Improvement Partners by deepening and expanding client relationships and innovating the value of the firm’s offering. Additionally, he will be charged with accelerating business development and leading the client services team. Donegan will report to John Bisack, Founder & President of Performance Improvement Partners and Managing Director, Erie Street.
“This role requires an executive that can serve as a trusted advisor to clients, as well as a champion to inspire and develop high-performing client-facing teams,” said Bisack. “Personally, I have known Pat for many years and can’t imagine a better partner for our team as we enter this next stage of growth. I am confident that with Pat’s leadership, as well as Erie Street’s guidance, we will create immediate impact and begin to further build out our capabilities for the private equity sector.”
Prior to joining Performance Improvement Partners, Donegan was Managing Director & Head of Americas Financial Services at Gerson Lehrman Group (GLG), the leading insights platform. In that role, Donegan led GLG’s largest business unit, serving alternative asset investment managers across the Americas. Previously, he was Managing Director, Private Equity and Venture Capital, where he led the reinvigoration of the unit’s go-to-market strategy, transformed its product architecture and built deep relationships with PE/VC clients and teams, helping to achieve unprecedented revenue growth. Prior to GLG, he served as an Executive Vice President at Symmetry Partners. He also held roles at LRN, MasterCard, and Gartner.
“When you look at Performance Improvement Partners’ near 20-year legacy of being the largest IT solutions provider for private equity, that achievement isn’t accidental,” said Donegan. “Some companies speak of client centricity, but PIP lives by those words, which has enabled it to build trusted relationships and an extremely strong reputation with hundreds of firms. That alone is incredibly impressive, yet when you add Erie Street to the equation, and Chairman & CEO Terry Graunke’s 30-year track record as an entrepreneur, operator, and investor, you have the potential for a game-changing solution. I am thrilled to be part of this tremendous equation.”
Since its founding in 2003, Performance Improvement Partners has grown its reputation for developing, implementing, and monitoring innovative, yet pragmatic value-based technology solutions. The firm offers services that manage risk, streamline operations, and create value for businesses, and the company has served more than 230 private equity firms – including Advent International, Clearview Capital, Goldman Sachs & Co., High Road Capital Partners, Incline Equity Partners, and RFE Investment Partners – generating growth for the firms and their portfolio companies.
In January 2020, Erie Street acquired Performance Improvement Partners to expand its corporate advisory services in private equity.
Maggie Shepherd, Erie Street
ABOUT ERIE STREET
A strategic and operational growth partner, Erie Street is a Chicago-based, independent advisory firm leveraging its operational heritage and entrepreneurial spirit to work with founders and management teams to achieve next-level growth. The firm brings corporate advisory, operational excellence, and go-to-market strategies to highly disrupted and changing business environments to mitigate risk, realize potential, and deliver exceptional value. Erie Street is led by Founder, Chairman and CEO Terry Graunke, a proven leader in the marketing services and digital communications industry. For more information, please visit eriestreet.com.
ABOUT PERFORMANCE IMPROVEMENT PARTNERS
Performance Improvement Partners is America’s leading technology solutions company dealing exclusively within the Private Equity industry. Headquartered in Shelton, CT, with an infrastructure office in Stamford, CT, PIP offers a number of specialized practices geared to client need and represents over 230 of America’s most respected Private Equity firms. On behalf of this client list, PIP has completed thousands of portfolio company engagements across a broad range of B2B and consumer categories.