Reeve B. Waud
Founder and Managing Partner, Waud Capital Partners
Reeve Waud is the Founder and Managing Partner of Waud Capital Partners (Waud Capital), a private equity firm based in Chicago, Illinois, with approximately $1 billion of capital under management. Over Mr. Waudís twenty-five year private equity career, he has acquired more than 150 companies. Today, Waud Capitalís portfolio companies have revenues of approximately $7 billion and more than 15,000 employees. In addition, he has oversight and shares investment responsibility for an additional $5 billion of investments.
Mr. Waud has invested in a wide variety of industries including, healthcare services, business, government and consumer services, specialty distribution, and value-added manufacturing. He and Waud Capital have founded or co-founded sixteen companies that have become top ten in their respective industries including: the largest private adhesives company in the United States; the largest distributor of petroleum products for commercial and industrial; the second largest provider of behavioral health services; the third largest long-term acute care hospital group; the second largest hospitalist management company; the fifth largest home infusion company; and the tenth largest security monitoring company.
Currently, Mr. Waud serves as the controlling shareholder and/or Chairman of the Board of Acadia Healthcare, Adreima, Aircraft Propeller Service, The Center for Vein Restoration, ProNerve, Sterling Healthcare Holdings, True Partners Consulting, and Whitehall Products.
Prior to founding Waud Capital Partners in 1993, Mr. Waud was an investment professional at Golder, Thoma, Cressey, Rauner, Inc. (GTCR), a private equity investment group based in Chicago. At GTCR, Mr. Waud had investment responsibility for a wide range of portfolio companies that were built through more than thirty acquisitions. These included: Barefoot Grass, the nationís second largest lawn care company; DIMAC, the largest vertically-integrated direct mail marketing company in the U.S.; Energy Transfer Partners, L.P. (formerly Heritage Propane Partners, L.P.), the nationís fourth largest propane retailer with more than $1 billion of EBITDA and third largest Master Limited Partnership; and PTN Holding Corporation, a leading publisher of trade magazines.
Before joining GTCR, Mr. Waud was in the Corporate Finance Group of Salomon Brothers, Inc., and was a founding member of its Venture Capital Group.
Mr. Waud serves on the Board of Directors of Northwestern Memorial Foundation, the philanthropic arm that supports the fundraising, grant-making and stewardship activities of Northwestern Memorial HealthCare (NMHC). He is a member of the NMHC Finance Committee, which in addition to overseeing the financials of NMHC and its approximately $3 billion capital budget, has responsibility for a $2.5 billion endowment including more than $500 million in private equity, venture capital, real estate, and other alternative investments.
Mr. Waud currently serves as an advisor to Green Courte Partners, a private equity, real estate investment firm. In addition, Mr. Waud is a member of the Commonwealth Club of Chicago and is a member of The Economic Club of Chicago. He is a trustee of St. Paulís School in Concord, New Hampshire and on the executive committee of the John G. Shedd Aquarium. In addition, he serves on the Visiting Committee of the University of Chicago Harris School of Public Policy and is a member of the Chicago Crime Commission.
Mr. Waud holds a B.A. in Economics from Middlebury College and an M.B.A. from the Kellogg School of Management at Northwestern University.