Business & Tech
Founder Of J.W. Childs Announces Retirement Amid Charges
The announcement comes on the heels of accusations that he solicited services from prostitutes in Florida.
WALTHAM, MA — John Childs announced he will be retiring from Waltham-based J.W. Childs Associates, the private equity firm he founded.
The announcement comes on the heels of accusations that he solicited services from prostitutes in Florida, in the same sting that netted Patriots' owner Robert Kraft.
Childs, 77, has denied the accusations.
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Childs, who is not currently active in the management of the firm stepped down as chairman of J.W. Childs Associates and as a director of the board at KeyImpact, a Fund IV portfolio company, according to press release Monday.
The firm will continue to be led by Adam Suttin, managing partner, and David Fiorentino, Jeff Teschke and Bill Watts, partners as it has been over the past decade.
Find out what's happening in Walthamfor free with the latest updates from Patch.
“John built an enduring and strong business and we appreciate his many contributions to JWC,” said Suttin in a statement. “I look forward with confidence to the next chapter for our firm and wish John well.”
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