BOSTON–(BUSINESS WIRE)–Global growth equity investor Summit Partners today announced the addition of John Coughlin to the firm’s Executive-in-Residence (“EIR”) program. In this role, Mr. Coughlin will work closely with Summit’s growth products & services team to identify new investment opportunities and advise growth-stage companies in the payments, financial technology and business services sectors.
Mr. Coughlin brings deep experience building and managing teams and businesses in the payments industry. He joins Summit’s EIR program after serving as a member of the executive team at Summit-backed FLEETCOR Technologies (NYSE: FLT), a corporate payments solutions company. During his twelve-year tenure, Mr. Coughlin helped lead the company through a period of meaningful growth. Most recently, Mr. Coughlin served as Group President – Corporate Payments where he ran FLEETCOR’s AP automation, corporate and virtual card, and cross-border payments businesses. Prior to that, he served as EVP of Global Corporate Development where his team completed 38 acquisitions and deployed $8.6 billion in capital over a nine-year period. During Mr. Coughlin’s tenure, FLEETCOR experienced a tenfold increase in both revenues and market capitalization and joined the S&P 500 index. Prior to FLEETCOR, Mr. Coughlin was a Managing Director at middle market private equity firm PCG Capital Partners, CEO at dental services company Benevis, and a Senior Partner at strategy consulting firm The Parthenon Group.
“We are thrilled to welcome John to Summit’s Executive in Residence program,” said Matt Hamilton, a Managing Director with Summit Partners. “He is a highly experienced operator and a talented people leader who brings s deep expertise in the fintech and information services sectors.”
“Summit has a long history of partnering with category-leading growth companies driving innovation across the fintech and information services landscape,” said Mr. Coughlin. “I’m very much looking forward to working alongside the Summit team and leveraging our combined experience to identify new opportunities, drive growth and create value.”
Summit has been active in the payments, financial technology and business services sectors for nearly four decades. Since the firm’s founding in 1984, Summit has partnered with more than 125 companies across the financial technology and services, and business and information services sectors.
Summit’s EIR program is an established element of the firm’s growth-oriented investing strategy. Since its inception, the program has facilitated collaboration between seasoned industry executives and Summit’s investment professionals, working to identify sector-specific opportunities in which EIRs may support companies in an ongoing capacity through board or leadership roles.
About Summit Partners
Founded in 1984, Summit Partners is a global alternative investment firm that is currently managing more than $36 billion in capital dedicated to growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 550 companies in technology, healthcare and other growth industries. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, please see www.summitpartners.com or follow Summit Partners on LinkedIn.