Tom Cibotti has worked in the investment banking industry for the past three decades. After graduating from Boston College with a Bachelor of Science degree in Finance and Economics, Tom began his career in New York City working for The Chase Manhattan Bank (now JP Morgan). From 1989 to 1993, he worked as the Associate Director of Barclays Capital. During this time, he also earned his MBA from New York University. In 1993 Tom returned to Boston and joined Covington Associates. Today, he is a Managing Director at Covington Associates where he has worked for over twenty years. In addition to his work with Covington Associates, Tom is also a partner in Pleasant Bay Capital Partners (Pleasant Bay). Pleasant Bay is a private equity firm focused on investments in lower-middle market companies.
Pleasant Bay Capital Partners invests in lower-middle market companies and assists management teams and co-investors to maximize the long-term value of their companies. Their primary focus is in Healthcare, Technology, Business Services, Industrial Products & Services, and Consumer Products & Services. Tom Cibotti brings years of investment banking experience within these particular industries to the team at Pleasant Bay. Pleasant Bay leverages these insights by utilizing the broad network of contacts and industry knowledge that Tom and the team have built over the years.
Along with the insights that Tom Cibotti brings to the Pleasant Bay team, their portfolio companies also benefit from the strategic partnership with Covington Associates. Covington Associates is a Boston-based investment banking firm founded in 1991. They have advised hundreds of middle market transactions in the industry sectors that Pleasant Bay often targets. This strategic partnership brings a broad scope of knowledge, networking, and resources that enhances the success of both companies.
Tom Cibotti and the Pleasant Bay team work closely with their portfolio companies. Tom believes the close relationships and highly collaborative environment is what drives their success. While each business is led by its own experienced executive, Pleasant Bay will often have an active role in strategic planning, management & board recruitment, strategic partner introductions, assisting with accessing debt or equity capital markets, strengthening reporting of financial & operating metrics, and evaluating & executing exit strategies.
Tom Cibotti is based out of Boston, MA where he and his wife have raised their family together. He has worked with Pleasant Bay Capital Partners for over five years and with Covington Associates for over twenty years.