Chicago, IL, December 14, 2016 –– Waud Capital Partners ("Waud Capital" or “the Firm"), a leading growth-oriented lower middle-market private equity firm with $2.1 billion under management, announces the appointment of Phil Olson as Principal - Business Development, effective immediately. Mr. Olson is the initial member of the Firm’s Business Development group and increases the Waud Capital team to 27 investment and finance professionals, three operating partners and one executive partner. Based in Chicago, Mr. Olson will focus on identifying investment opportunities within the Firm’s business and technology services vertical.
Mr. Olson brings more than 15 years of investment banking experience in technology and technology-enabled business services. Previously, he served as a Managing Director at William Blair & Co., where he focused on technology, and more specifically, financial technology, payments, technology-enabled business models and vertical software businesses. Throughout his career, Mr. Olson has completed more than 100 technology and business services-related transactions. He began his career as an analyst at Merrill Lynch.
Reeve Waud, Managing Partner of Waud Capital, commented, “We are excited that Phil has joined Waud Capital. The Business Development group is an important addition to our disciplined and process-driven approach to finding lower middle-market companies that are poised for rapid growth within our niches of focus within healthcare services and business and technology services. Phil brings to Waud Capital extensive industry knowledge and strong relationships. We look forward to his contributions as we seek to make several new platform acquisitions as well as add-on acquisitions each year.” Mr. Waud added, “We plan to expand the Business Development group rapidly with additional experienced hires in early 2017.”
“We have worked closely with Phil over the years and he has brought us several actionable investment ideas in our areas of focus,” added Matt Clary, Partner at Waud Capital. “His industry insights and network will serve the Firm well as we execute on our investment strategy in the business and technology services vertical.”
“Waud Capital has a strong reputation as one of the top lower middle-market private equity firms in the country,” said Mr. Olson. “I’m excited to join the team and help originate and drive new investments within business and technology services. Their focus on areas such as vertical software, payments, compliance and training, human capital management and other tech-enabled business services presents attractive opportunities to build strong industry leaders and identify accretive add-on acquisitions.”
Mr. Olson graduated with high honors from the University of Illinois at Urbana-Champaign with a BS in Finance and holds an MBA from Northwestern University's Kellogg Graduate School of Management.
About Waud Capital Partners
Waud Capital Partners is a leading Chicago-based private equity investment firm founded in 1993 that partners with exceptional management teams to acquire or create platforms in the U.S. lower middle market through control-oriented growth equity investments, industry consolidation, buyouts or recapitalizations. The Firm seeks to invest $50 million to $100 million (including follow-on investments) of total equity in each platform company and employs a disciplined three-phase investment strategy with staged investments designed to generate superior risk-adjusted returns. Waud Capital targets services businesses in large, growing, fragmented markets within two industries: healthcare services and business and technology services. Typically, the initial platform companies in which Waud Capital invests have enterprise values between $50 million and $250 million. The firm has approximately $2.1 billion in assets under management. Since its founding, Waud Capital has successfully completed more than 195 investments, including platform companies and follow-on opportunities.
For additional information on Waud Capital, visit www.waudcapital.com.
For Further Information:
Business Development Contact:
Phil Olson, Principal - Business Development
Philip Kemp, Principal - Investor Relations
Nick Rust, Prosek Partners
(212) 279-3115 ext. 252
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