Waud Capital Partners

Transcription

Waud Capital Partners
Recent News
05/12
Adreima Announces New Chief Executive Officer
05/12
Revenue Cycle Solutions Rebrands as Optimum Outcomes
04/12
WCP Announces Acquisition of Sterling Reference Laboratories
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Copyright © 2010 Waud Capital Partners L.L.C.
Waud Capital Partners
Founded in 1993, Waud Capital Partners is a leading middle-market private equity firm that partners with
exceptional management teams to create, acquire, and/or grow companies that address significant, inefficient,
highly fragmented and underserved industry segments. We invest primarily through control-oriented growth equity
investments, industry consolidations, buyouts or recapitalizations and seek companies that generate strong cash
flow and can be grown both organically and through add-on acquisitions.
Our current and exited portfolio is comprised of companies in the following business segments:
Healthcare Services
Business / Consumer / Government Services
Behavioral healthcare
Home infusion and specialty pharmacy
Long-term acute care
Medical products distribution
Outsourced physician services
Revenue cycle management
Specialty pharmaceuticals
Logistics / Specialty Distribution
Petroleum and lubricants distribution
Propane distribution
Alarm security
Corporate tax and business advisory
Cybersecurity and intelligence services
Outsourced litigation services
Water and air filtration
Value-added Industrial
Automotive parts supplier
Decorative home and garden products
Specialty chemicals
Specialty publishing
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Copyright © 2010 Waud Capital Partners L.L.C.
Investment Focus
Waud Capital Partners maintains a disciplined and focused investment strategy to acquire or
create platforms in the lower middle market. We seek to invest $20 to $100 million in platform
companies that have the following attributes critical for investment success:
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Copyright © 2010 Waud Capital Partners L.L.C.
Three Phase Investment Approach
Waud Capital Partners builds strategic assets and manages risk by focusing on growth and
operational improvements while utilizing prudent leverage to enhance, rather than drive, returns.
This may include pursuing the following types of investments:
Buy and Build - initial platforms grown through add-on acquisitions
Buy and Grow - pursuing organic growth to create value
Management-led - partnering with executives prior to platform identification
In each of these approaches, WCP utilizes its three phase investment strategy, whereby WCP
typically invests a portion of its equity commitment up front and reserves the remaining capital for
growth, deploying it over time and thereby generating superior risk-adjusted returns.
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Copyright © 2010 Waud Capital Partners L.L.C.
Types of Investments
Growth equity
We invest in companies seeking capital to finance internal growth or
add-on acquisitions.
Industry consolidations
We partner with experienced management teams to create leading companies in
fragmented industries.
Recapitalizations
We provide owners of closely held businesses with liquidity while allowing them to retain
significant ownership and day-to-day operational control.
Generational changes of ownership
We offer owners of family businesses complete or partial liquidity while providing an active
role for subsequent generations and working to preserve a company's culture and legacy.
Acquisition of corporate divisions/subsidiaries
We invest with management teams to acquire non-strategic divisions/subsidiaries of larger
corporations.
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Copyright © 2010 Waud Capital Partners L.L.C.
Waud Capital Partners:
Creating a whole greater than the sum of its parts.
We’re in the business of creating long-term value. We do it with a clear focus and vision.
That’s why Waud Capital Partners works actively at the Board of Directors level to create
substantive long-term value for every stakeholder – employees, customers, operating
partners and shareholders.
To achieve optimal success at this level, our investment professionals work directly with the
managers of our portfolio companies, providing expertise and comprehensive guidance in the
following critical areas:
Developing and executing a strategic plan to create long-term value
Recruiting additional management
Instituting bottom-up, top-down budgeting
Creating disciplined focus on operational improvement
Identifying and negotiating add-on acquisitions
Financing growth
Realizing value
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Copyright © 2010 Waud Capital Partners L.L.C.
Active
Exited
Acadia Healthcare Company
Behavioral healthcare
Adreima
Healthcare revenue cycle management
Medicaid -focused
Jazz Pharmaceuticals
Specialty pharmaceuticals
Exited November 2010
Regency Hospital Company
Long -term acute care
Exited September 2010
Aquion Water Treatment
Water and air filtration
CarePoint Partners
Home infusion and specialty pharmacy
Alarm Security Group
Alarm security
Exited October 2007
Christiana Industries
Automotive parts supplier
Exited October 2007
The Center for Vein Restoration
Specialty physician practice
management
Compex Legal Services
Outsourced litigation services
Parish Publications
Specialty Publishing
Exited December 2004
Sovereign Specialty Chemicals, Inc.
Specialty Chemicals
Recapitalized January 2000
Exited December 2004
Cogent HMG
Outsourced physician services
Recapitalized April 2010
Maxum Petroleum
Petroleum and lubricants distribution
Recapitalized January 2009
Medical Holdings
Medical products distribution
Exited October 2003
Pacer Propane Holding
Propane distribution
Exited December 1997
National Security Partners
Cyber security and intelligence
Optimum Outcomes
Healthcare revenue cycle management
Patient account resolution
ProNerve
Intraoperative neuromonitoring services
Sterling Healthcare Holdings
Toxicology services
True Partners Consulting
Corporate tax and business advisory
Whitehall Products
Decorative home and garden products
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Copyright © 2010 Waud Capital Partners L.L.C.
Acadia Healthcare Company is a platform established by WCP to acquire, develop and operate a network of inpatient psychiatric facilities,
substance abuse centers, residential treatment centers and specialty behavioral programs.
Industry:
Headquarters:
Date of Investment:
Fund:
Website:
Healthcare Services – Behavioral healthcare
Nashville, Tennessee
December 2005
WCP Fund III, WCP Fund II
acadiahealthcare.com
Areas of Acquisition Focus
Inpatient psychiatric and substance abuse hospitals
Residential psychiatric and substance abuse hospitals
Outpatient psychiatric and substance abuse hospitals
Hospital Openings and Acquisitions
Rolling Hills Hospital - March 2012
Red River Hospital - March 2012
Sonora Behavioral Health - March 2012
Pioneer Behavioral Health - November 2011
Youth & Family Centered Services - April 2011
Peninsula Village - November 2009
Acadiana Addiction Center - March 2009
Riverwoods Behavioral Health System - September 2008
Acadia Hospital of Montana - September 2006
Acadia Hospital of Hawaii - September 2006
Acadia Hospital of Lafayette - June 2006
Acadia Hospital of Longview - June 2006
“Acadia is fortunate to partner with
Waud Capital’s exceptional investment
team and I am eager to continue
building upon the Company’s strong
foundation, providing high quality
behavioral healthcare services to
patients and their families.”
Joey
Jacobs
Chief
Executive
Officer
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Stock
11/11
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04/11
03/11
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03/09
09/08
05/07
12/06
09/06
06/06
02/06
Acadia
Acadia
Acadia
Acadia
Acadia
Acadia
Healthcare
Healthcare
Healthcare
Healthcare
Healthcare
Healthcare
Reports Fourth Quarter and Full Year Results for 2011
Acquires Three Acute Inpatient Psychiatric Facilities
to Acquire Three Acute Inpatient Psychiatric Facilities
Names Wade Miquelon to Board of Directors
Announces Pricing of Public Offering of Common Stock
Announces Public Offering of 8,333,333 Shares of Common
Acadia Healthcare Completes Merger with PHC, Inc.
Acadia Healthcare Company Announces Merger with PHC Inc.
Acadia Healthcare Company Acquires Youth & Family Centered Services, Inc.
Acadia Announces Expansion of Management Team, Adds Joey Jacobs as CEO
Acadia Healthcare Announces Acquisition of Peninsula Village
Acadia Healthcare Announces Acquisition of Acadiana Addiction Center
Acadia Healthcare Announces Acquisition of RiverWoods Psychiatric Facility
Acadia Healthcare Announces Appointment of New Chief Executive Officer
Acadia Healthcare Honored as 2006 Catalyst Awards Finalist
Acadia Healthcare Announces Purchase of Kids Behavioral Health
Acadia Healthcare Company Acquires Two Inpatient Psychiatric Hospitals
WCP Announces Formation of Inpatient Psychiatric Hospital Company
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Copyright © 2010 Waud Capital Partners L.L.C.
Adreima is a leading provider of revenue cycle management (RCM) services combining patient access and reimbursement solutions with
Medicaid expertise to provide eligibility, clinical auditing and accounts receivable follow-up services to hospitals nationwide. Healthcare RCM is
an industry focused on helping providers receive proper and timely payment for the services they provide to patients. Demand for RCM
services continues to rise as providers look for ways to maximize collections, accelerate cash flow and reduce expenses, while facing
increased challenges associated with declining reimbursement rates and complex and constantly-changing reimbursement rules.
Healthcare Services – Healthcare revenue cycle management
Industry:
Headquarters:
Date of Investment:
Fund:
Website:
Phoenix, Arizona
August 2008
WCP Fund II
adreima.com
“Adreima is poised for continued, rapid
growth, and I’m excited and honored to
be a part of a company that offers a
broad array of revenue cycle products.
”
Areas of Acquisition Focus
Eligibility services
Receivables management
Medicaid
Medicare
Third-party payors
Clinical auditing
Bob Wilhelm
Chief Executive
Officer
Add-on Acquisitions
Accounts Receivable Management and Data Services – January 2012
Hospital Inpatient Services – September 2010
Related News
05/12
01/12
05/11
03/11
01/11
09/10
02/10
07/09
01/09
12/08
09/08
Adreima Announces New Chief Executive Officer
Adreima Expands its Northeast U.S. Presence with Acquisition
Johnston Health Selects Adreima as Its Medicaid Advocate
Former Cisco Systems Senior Executive Frank Grant Joins Adreima as CSMO
Adreima Appoints Ken Howell as Chief Operating Officer
Adreima Expands to East Coast with Acquisition of HIS
Kenneth Kaufman Joins Advanced Reimbursement’s Board of Directors
Connie Perez Recognized in Impact Magazine
Advanced Reimbursement Announces Three Senior Management Additions
Advanced Reimbursement Completes Debt Financing
WCP Announces Investment in Healthcare Revenue Cycle Management
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Copyright © 2010 Waud Capital Partners L.L.C.
Aquion Water Treatment Products provides water and air filtration products to residential customers and serves commercial and industrial
customers on a selective basis.
Business / Consumer Services – Water and air filtration
Industry:
Headquarters:
Date of Investment:
Fund:
Website:
Elk Grove Village, Illinois
December 2005
WCP Fund II
aquionwater.com
Add-on Acquisitions
Erie Valve – October 2001
Clearwater Technologies – May 1999
Related News
05/08
11/07
12/06
12/05
Aquion Water Treatment Products Elects Albert Cantu as Chairman of the Board
Aquion Water Treatment Products Taps Frank Kneller as Chief Executive Officer
AWTP Announces Operations Group Organizational Changes
WCP Announces Acquisition of Aquion Water Treatment Products
“Waud Capital has proven to be an
invaluable partner to our Aquion team.
They have worked closely with us to
help refine our vision as a leader in the
residential and light commercial water
treatment industry. As we execute
against this vision, Waud Capital's
ongoing support and strategic insight
will continue to be of upmost
importance in realizing our growth
objectives.”
Cal Stuart
Chief
Operating
Officer/Chief
Financial
Officer &
Executive
Vice
President
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Copyright © 2010 Waud Capital Partners L.L.C.
WCP established CarePoint Partners to acquire, develop and operate a network of infusion and specialty pharmacies. Infusion pharmacy
therapy involves the intravenous and injectable administration of medications to treat diagnoses such as cancer, immune disorders and severe
infections. Home infusion therapy allows patients to avoid the inconvenience and cost of a hospital visit.
Healthcare Services – Home infusion and specialty pharmacy
Industry:
Headquarters:
Date of Investment:
Fund:
Website:
Cincinnati, Ohio
September 2007
WCP Fund II
carepointpartners.com
Areas of Acquisition Focus
Home infusion
Enteral therapy
Specialty pharmacy
Add-on Acquisitions
Mountain State Infusion Services – August 2011
ArTex Medical – June 2011
Premier Infusion – March 2011
Infusion Technologies – February 2011
ivA Lifetec – January 2011
Allied Preferred Care – October 2010
Praxair Infusion Network of Philadelphia – December 2009
Praxair Infusion Network of Louisiana – May 2009
Option Care of Northeast Ohio – January 2009
TheraPoint – December 2008
Total Health Services – December 2008
Care Partners – September 2008
Family Focus – June 2008
CIVN – December 2007
“Waud Capital not only provides strong
financial backing and expertise, but
also shares my vision of building a
first-class infusion business by
providing quality care for our patients,
outstanding service for our customers
and a satisfying work environment for
our team members.”
Dana
Soper
Chief
Executive
Officer
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06/11
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12/09
06/09
03/09
01/09
12/08
11/08
06/08
02/08
12/07
CarePoint Partners Acquires Mountain State Infusion Services
CarePoint Partners Acquires ArTex Medical
CarePoint Partners Acquires Premier Infusion
CarePoint Partners Acquires Infusion Technologies
CarePoint Partners Expands into Texas with Acquisition of Allied Preferred Care
CarePoint Partners Expands into Philadelphia
CarePoint Partners Acquires Home Infusion Division of Praxair
CarePoint Partners Announces Four Acquisitions
CarePoint Partners Acquires Option Care of Northeast Ohio
CarePoint Partners Acquires Total Health Services
CarePoint Partners Acquires Care Partners
CarePoint Partners Acquires Family Focus Infusion
CarePoint Partners Acquires Home Infusion Therapy Company
WCP Announces Formation of Infusion Pharmacy Company
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Copyright © 2010 Waud Capital Partners L.L.C.
The Center for Vein Restoration (CVR) is a leading provider of vascular medicine that operates through a network of specialty physician
clinics. The company provides specialized treatment for patients suffering from vascular diseases, including vein disorders, such as varicose
veins, spider veins and venous ulcers.
Industry:
Headquarters:
Date of Investment:
Fund:
Website:
Healthcare Services – Specialty outpatient treatment
Glenn Dale, Maryland
December 2011
WCP Fund III
centerforvein.com
Areas of Acquisition Focus
Vascular medicine practices
Venous disease
Arterial disease
“Partnering with Waud Capital
presents an exciting opportunity for
CVR and its employees to work with an
experienced investment firm to build a
leading vascular treatment practice. I
believe Waud Capital’s experience with
other similar sized and positioned
healthcare businesses will allow CVR to
achieve tremendous growth both
organically and through acquisition.”
Sanjiv Lakhanpal MD, FACS
Chief Executive Officer
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Copyright © 2010 Waud Capital Partners L.L.C.
Compex Legal Services provides outsourced litigation support services to law firms and insurance companies. The company primarily provides
document retrieval services, including the retrieval, reproduction and delivery of claimant records held by custodians such as hospitals and
medical offices. Compex also provides deposition reporting, process serving and electronic data discovery.
Business / Consumer Services – Outsourced litigation services
Industry:
Headquarters:
Date of Investment:
Fund:
Website:
Torrance, California
January 2004
WCP Fund I
compexlegal.com
Add-on Acquisitions
American DataMed – June 2005
OmniDox – May 2005
Related News
06/05
05/05
01/04
Compex Legal Services Acquires American DataMed
Compex Legal Services Acquires OmniDox
WCP Announces Acquisition of Litigation Support Service Provider
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Copyright © 2010 Waud Capital Partners L.L.C.
Cogent HMG is the largest private outsourced provider of comprehensive, contract-based hospitalist physician programs to acute care facilities
and community hospitals across the United States. Hospitalists are physicians whose primary focus is managing and improving the care of
hospitalized patients.
Industry:
Headquarters:
Date of Investment:
Fund:
Date of Exit:
Website:
Healthcare Services – Outsourced physician services
Brentwood, TN
September 2006
WCP Fund II
Date of Exit: April 2010 (Recapitalization Transaction): WCP
remains minority investor
hmgdoc.com
Related News
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08/11
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09/06
Cogent HMG Announces New CEO
The Intensivist Group Teams with Cogent HMG
HMG, Cogent Merge to Form Largest Private Hospitalist Company in the U.S.
WCP Completes Recapitalization of HMG with AEA Investors
Dr. Stephen L. Houff Recognized in M.D. News
Richard P. Gustafson Joins Hospitalists Management Group’s Board of Directors
WCP Announces Acquisition of Hospitalists Management Group
“We were tremendously fortunate to
have partnered with Waud Capital
Partners. Waud Capital has an
impressive track record in healthcare
services, and I believe their
understanding of hospital medicine
and their relationships in the
healthcare
industry
allowed us to
accelerate
the growth
of HMG.”
Stephen L.
Houff, MD
Chairman and Former Chief Executive
Officer
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Copyright © 2010 Waud Capital Partners L.L.C.
Maxum Petroleum is one of the largest independent energy logistics companies in the United States based on gallons of refined fuel and
lubricants sold. Maxum has developed a comprehensive offering of refined petroleum products, value added logistics and energy management
services. The company addresses customers in a diverse set of end marketsluding trucking, drilling and exploration, marine, railroad, mining
and automotive.
Industry:
Logistics / Specialty Distribution – Petroleum and lubricants
Headquarters:
Date of Investment:
Fund:
Date of Exit:
Website:
Greenwich, Connecticut
April 2004
WCP Fund II, WCP Fund I
January 2009 (Recapitalization Transaction)
maxumpetroleum.com
Areas of Acquisition Focus
Petroleum products marketing and service providers in North America
Add-on Acquisitions
DeCristo Oil - February 2011
Beard Oil - December 2010
Mid-State Industrial Lubricants – August 2009
Paulson Oil Company – December 2007
Farmington Oil Company – November 2007
Lubricant blending facility – November 2007
Petroleum Products – May 2007
Transport Services of Oklahoma – October 2006
Canyon State Oil Company – September 2006
Pecos – September 2006
McLain Truck Service – June 2006
Hartney Companies – January 2006
Trevco – June 2005
Simons Petroleum – April 2004
“Waud Capital has added tremendous
value as an investor and partner for
Maxum. In addition to providing
capital to support our growth, WCP has
assisted us with recruiting, upgrading
our corporate infrastructure, and
sourcing attractive acquisition
candidates. WCP's extensive experience
in consolidating industries has helped
our management team successfully
close and integrate 13 acquisitions in a
seven-year period.”
Perot
Bissell
Chief
Executive
Officer
Related News
02/11
08/09
12/08
WCP
12/07
11/07
05/07
09/06
06/06
01/06
06/05
04/04
04/04
Maxum Petroleum Completes Purchase of DeCristo Oil
Maxum Petroleum Acquires Mid-State Industrial Lubricants Company
Maxum Petroleum Receives $300MM Investment from Metalmark Capital and
Maxum Petroleum Acquires Paulson Oil
Maxum Petroleum Acquires New Mexico & Panama Facilities
Maxum Petroleum Announces Acquisition of Leading Petroleum Marketers
Acquisition of Two Leading Fuel and Lubricant Distribution Businesses
SPI Petroleum Acquires McLain Truck Service
WCP and SPI Petroleum Announce the Acquisition of the Hartney Companies
Simons Petroleum Acquires Trevco
Simons Aims to be Biggest Oil Marketer
WCP Completes Investment in Simons Petroleum
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Copyright © 2010 Waud Capital Partners L.L.C.
National Security Partners is a U.S. Federal Government contracting business that provides our nation’s Intelligence Community, the
Department of Defense and other agencies with mission-critical services including cyber security operations, intelligence operations, national
security policy analysis, systems engineering, program management, performance measurement and strategic consulting services.
Federal Government Services - Cyber security and intelligence
Industry:
Headquarters:
Date of Investment:
Fund:
Website:
Hanover, Maryland
October 2011
WCP Fund III
nspfed.com
Areas of Acquisition Focus
Federal Government cyber security and intelligence services
Policy support
Engineering support
Program management
Add-on Acquisitions
Summit Solutions – October 2011
“I am extremely excited to join the
National Security Partners team and
partner with Waud Capital to grow a
world-class government services
company that is uniquely positioned to
support the most important cyber and
intelligence functions of the U.S.
Federal Government.”
Maureen
Baginski
Chief
Executive
Officer
Related News
12/11 NSP acquires Summit Solutions; Maureen Baginski named NSP CEO
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Copyright © 2010 Waud Capital Partners L.L.C.
Optimum Outcomes is a leading provider of healthcare revenue cycle management (RCM) services focused on patient account resolution for
hospitals and hospita-based physician groups. Healthcare RCM is focused on helping providers receive proper and timely payment for the
services they provide to patients. Demand for RCM services continues to rise as providers look for ways to maximize collections, accelerate
cash flow and reduce expenses, while facing increased challenges associated with declining reimbursement rates and complex and
constantly-changing reimbursement rules.
Industry:
Headquarters:
Date of Investment:
Fund:
Website:
Healthcare Services – Healthcare revenue cycle management
Chicago, Illinois
May 2011
WCP Fund III, WCP Fund II
oorcs.com
Areas of Acquisition Focus
Self-pay follow-up
Commercial insurance
Bad debt collections
Related News
05/12
07/11
05/11
Revenue Cycle Solutions Rebrands as Optimum Outcomes
Optimum Outcomes Expands into New Headquarters
Waud Capital Partners Acquires Optimum Outcomes
“We are excited to be teaming up with
Waud Capital to help us realize our
growth plans for Optimum Outcomes.
Waud Capital is a strong partner with a
proven track record of growing
healthcare service companies.”
Mike
Jacoutot
Chief
Executive
Officer
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Copyright © 2010 Waud Capital Partners L.L.C.
ProNerve is one of the leading providers of intraoperative neuromonitoring ("IONM") services in the U.S. IONM involves the use of a variety of
electro-physiological monitoring procedures during surgery to allow early warning and avoidance of injury to nervous systems structures.
ProNerve provides real-time onsite technologists combined with remote physician oversight to deliver a comprehensive IONM solution to acute
care hospitals, specialty hospitals and ambulatory surgery centers.
Healthcare Services - Intraoperative neuromonitoring services
Industry:
Headquarters:
Date of Investment:
Fund:
Website:
Broomfield, Colorado
February 2012
WCP Fund III
pronerve.com
Areas of Acquisition Focus
Intraoperative neuromonitoring providers
Add-on Acquisitions
Northwest Neurodiagnostics - February 2012
Related News
02/12 ProNerve Acquires Northwest Neurodiagnostics
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Copyright © 2010 Waud Capital Partners L.L.C.
Sterling Healthcare Holdings is a CLIA and SAMHSA-certified, full-service laboratory that provides both forensic and clinical toxicology
services. The company serves customers in end markets across the United States, including criminal justice, substance abuse, employment
and pain management.
Industry:
Headquarters:
Date of Investment:
Fund:
Website:
Laboratory services - Toxicology
Tacoma, Washington
February 2012
WCP Fund III
sterlingreflabs.com
Areas of Acquisition Focus
Toxicology services
Drugs of abuse (addiction medicine, criminal justice, employment)
Medication monitoring (chronic pain, behavioral health, other)
Specimen collection and third party administrative services
Diagnostic product manufacturing and distribution
“I welcome the opportunity to partner
with Waud Capital to build a leading
organization in the toxicology services
market by providing outstanding
customer service and first-class testing
capabilities to our clients. Waud
Capital’s three-phase investment
approach will serve as a solid
foundation to assist Sterling in
reaching its potential in a fragmented,
growing industry.”
Related News
4/12 WCP Announces Acquisition of Sterling Reference Laboratories
David
Lowenberg
Chairman
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Copyright © 2010 Waud Capital Partners L.L.C.
True Partners Consulting was established by WCP to develop an independent tax and business advisory firm focused on assisting public
companies and private enterprises navigate the numerous federal and state tax laws and increasingly complex financial regulations. True
Partners provides “Big Four” technical expertise while avoiding the potential Sarbanes Oxley related conflicts that companies offering both
consulting and audit services face.
Industry:
Headquarters:
Date of Investment:
Fund:
Website:
Business / Consumer Services – Corporate tax advisory
Chicago, Illinois
November 2005
WCP Fund II
truepartnersconsulting.com
Areas of Acquisition Focus
Federal and state tax consulting
Unclaimed property
Sales and use tax
Transfer pricing
Add-on Acquisitions
Affinity Tax Group – October 2011
Related News
10/11
10/11
05/10
02/10
03/09
09/08
07/08
03/08
11/07
04/07
02/06
02/06
Cary D. McMillan Recognized in Directors & Boards
True Partners Consulting Acquires Affinity Tax Group
Susan Gallagher Joins True Partners Consulting as Chief Operating Officer
Michael R. Parks and Michael J. Tower Join True Partners’ Board of Directors
True Partners Consulting Named to Crain’s 2009 Best Places to Work in Chicago
True Partners Consulting Achieves Significant Global Expansion
True Partners Consulting Completes Debt Financing
True Partners recognized by Consulting magazine
True Partners Launches Global Tax Consulting Network
True Partners Opens First Wholly Owned International Office
Andersen Alums' Firm Fills Corporate Niche
WCP Announces the Formation of True Partners Consulting
“We selected Waud Capital as our
partner because they spent the time
upfront to understand our business.
Waud Capital has really helped True
Partners launch its business. Their
experience and great business
judgment
have
allowed
us to
progress
much
faster
than
originally
expected.”
Cary D. McMillan
Chief Executive Officer
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Copyright © 2010 Waud Capital Partners L.L.C.
Whitehall designs and manufactures an extensive range of decorative aluminum products. Since being acquired by WCP, Whitehall has
expanded its product offerings and increased its productivity through accelerated production efficiencies and modernization of its foundry.
Whitehall also has increased its revenue by opening two permanent showrooms in Atlanta and Chicago to supplement its existing catalog
sales and distribution network.
Value-added Industrial – Decorative home and garden products
Industry:
Headquarters:
Date of Investment:
Fund:
Website:
Whitehall, Michigan
July 1996
WCP Pre-fund
whitehallproducts.com
Add-on Acquisitions
Old Century Forge – May 2002
Flora and Fauna – December 2001
Related News
05/02
12/01
Whitehall Products Acquires Old Century Forge
Whitehall Products Acquires Flora & Fauna
“Since the inception of our partnership
with Waud Capital Partners in 1996,
Whitehall Products has grown by
300%. Reeve Waud's support, guidance
and encouragement have enabled
management to completely transform
the business to the benefit
of our customers, employees, suppliers
and shareholders.”
Brad
Bruns
President
and Chief
Executive
Officer
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Copyright © 2010 Waud Capital Partners L.L.C.
Jazz Pharmaceuticals is a specialty pharmaceutical company focused on identifying, developing and commercializing innovative products to
address unmet medical needs in neurology and psychiatry.
Healthcare Services – Specialty pharmaceuticals
Industry:
Headquarters:
Date of Investment:
Fund:
Date of Exit:
Website:
Palo Alto, California
April 2004
WCP Fund I
November 2010
jazzpharmaceuticals.com
Add-on Acquisition
Orphan Medical – June 2005
Related News
06/10
05/10
12/09
06/07
02/07
01/07
09/06
06/05
04/05
04/04
Jazz Pharmaceuticals Announces Additions to Board of Directors
Jazz Pharmaceuticals Announces Pricing of Public Offering of Common Stock
Jazz Pharmaceuticals Submits New Drug Application
Jazz Pharmaceuticals Announces Initial Public Offering
Jazz and Solvay Pharmaceuticals Announce License Agreement For LUVOX
Jazz Signs Licensing Agreement With Valeant Pharmaceuticals
Phase III Clinical Trial to Study the Safety and Efficacy of Xyrem®
Jazz Pharmaceuticals Completes Acquisition of Orphan Medical
Jazz Pharmaceuticals to Acquire Orphan Medical
WCP Completes Investment in Jazz Pharmaceuticals
“Waud Capital was an important group
within our distinguished team of
investors. The firm’s network of
contacts and
experience
investing
in the
healthcare
industry
brought value
to us as we
built our
business. ”
Dr. Sam Saks
Former Chief Executive Officer
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Copyright © 2010 Waud Capital Partners L.L.C.
Regency Hospital Company was formed by WCP to develop and operate long-term acute care hospitals (LTACs). LTACs are specialized
intensive care facilities that treat critically-ill patients who require intensive intervention over an extended period of time. The company operates
23 hospitals in nine states and is the third largest LTAC operator in the United States.
Industry:
Headquarters:
Date of Investment:
Fund:
Date of Exit:
Website:
Further Information:
Healthcare Services – Long-term acute care
Alpharetta, Georgia
April 2001
WCP Fund I
September 2010
regencyhospital.com
Sample Case Summary
Hospital Openings and Acquisitions
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Regency
Hospital of Columbus – October 2007
Hospital of Cleveland East – July 2007
Hospital of Toledo – May 2007
Hospital of Cleveland West – April 2007
Hospital of Fort Worth – September 2006
Hospital of North Dallas – April 2006
Hospital of Jackson – April 2006
Hospital of Porter County – January 2006
Hospital of Cincinnati – January 2005
Hospital of Greenville – December 2004
Hospital of Springdale – September 2004
Hospital of Minneapolis – September 2004
Hospital of Central Georgia – April 2004
Hospital of Covington – April 2004
Hospital of Ravenna – March 2004
Hospital of NW Arkansas – November 2003
Hospital of Hattiesburg – November 2003
Hospital South Atlanta – August 2003
Hospital of Northwest Indiana – July 2003
Hospital of Odessa – January 2003
Hospital of Meridian – January 2003
Hospital of Akron – April 2002
Hospital of Florence – July 2001
“We at Regency are very fortunate to
have partnered with Waud Capital.
Their support in strengthening our
Board with some of the best talent in
healthcare, combined with their efforts
in working with us as a team on the
business and finance side of our
company, allowed Regency to prosper
and set a standard in the LTAC
industry.”
Bill Anderson
Former
President
and Chief
Executive
Officer
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04/05
04/05
04/05
12/04
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09/04
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WCP Completes Sale of Regency Hospital Company to Select Medical Group
William L. Anderson Elected CEO of Regency Hospital Company
Rod Laughlin recognized in Atlanta Business Magazine
Regency Hospital Company Wins 2006 Catalyst of the Year
Regency Hospital Company of Hattiesburg Remains Clinical Center of Excellence
Regency Hospital Company of Fort Worth Opens Doors
Rod Laughlin Receives Entrepreneur of the Year 2006 Award
Regency Hospital Company of North Dallas Opens Doors
Regency Hospital Company of Jackson Opens Doors
Regency Hospital Company of Porter County Grand Opening
Regency Hospital of Central Georgia Named Quality Respiratory Care Provider
Regency Hospital Company Named one of Atlanta’s Best Places to Work
Rod Laughlin Named in Top 50 Entrepreneurs of Georgia
Regency Hospital of Florence Awarded Full Joint Commission Accreditation
Ron Spaeth Joins Regency Hospital Company’s Board of Directors
Regency Hospital Company One of Atlanta’s Fastest Growing Private Companies
Regency Hospital Company of Greenville Opens Doors
Regency Hospital Company of Central Georgia Receives JCAHO Accreditation
Regency Hospital Company Opens Hospital in Arkansas
Regency Hospital Company Acquires 92-Bed Hospital in Minnesota
Regency Hospital Company Opens Hospital in Macon
Regency Hospital Company Opens Hospital in Louisiana
Regency Hospital Company Opens Hospital in Hattiesburg, Mississippi
Regency Hospital Company Announces Two New Projects
Regency Hospital Company Announces South Atlanta Hospital Approved
Regency Hospital Opens in Northwest Indiana
Gary A. Mecklenburg Elected to Regency Board of Directors
Ann Molitor Appointed VP Operations for Regency Hospital Company
Regency Hospital Company Opens in Akron
Anne Molitor Appointed VP Operations for Regency Hospital Company
Regency Hospital Company of Florence Celebrates Grand Opening
WCP Announces Acquisition of Long–Term Acute Care (LTAC) Hospital Company
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Copyright © 2010 Waud Capital Partners L.L.C.
Alarm Security Group sells, installs, services, leases and monitors security alarm systems to commercial and residential customers.
Industry:
Headquarters:
Date of Investment:
Fund:
Date of Exit:
Website:
Business / Consumer Services – Alarm security
Beltsville, Maryland
July 2002
WCP Fund I
October 2007
asgsecurity.com
Add-on Acquisitions
Abbot Security – March 2007
Accu-Tech – February 2007
Kane Security – November 2006
Spectrum Alarm – August 2006
Guardian Alarms – April 2006
Eagle Broadband – February 2006
Space City Alarm – February 2006
Zartek Security – February 2006
Entrust Connection – January 2006
Eagle Broadband Security III – November 2005
Techtronics Security – October 2005
Sentry Alarm – August 2005
Eagle Broadband Security II – August 2005
Guardian Alarms – June 2005
Eagle Broadband Security – May 2005
ProStar Security – March 2005
Space City Alarm, Second Closing – February 2005
Alarm Concepts – January 2005
ABC Security – January 2005
Space City Alarm – December 2004
Evolution Security – December 2004
Tri-State Alarm – August 2004
Brinkman Security – July 2004
Security Dealer Funding – July 2004
Advance-Tech – June 2004
Transtate Security – June 2004
Alarm Control Technicians – May 2004
Argus Security Systems – April 2004
Guardian Alarms – March 2004
Electronic Security Systems – May 2003
American Security Alarms – April 2003
“As our partner, Waud Capital helped
establish our strategic vision and
identify the key operating metrics we
focused on to accomplish our goals.
Additionally, with their vast acquisition
experience, Waud Capital played an
integral role in our growth efforts.
Given the number of acquisitions we
completed, we often communicated
with Waud Capital daily and they
always approached their relationship
with me and
my team
fairly and
with
integrity.
I look
forward to
continuing
my
friendship
with Waud Capital in the years to
come.”
Joe Nuccio
President and Chief Executive Officer
Related News
10/07
03/06
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10/05
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Waud Capital Partners Completes Sale of Alarm Security Group
Alarm Security Group Completes Two More Acquisitions
Alarm Security Group Begins 2006 with Two Acquisitions
Alarm Security Group Acquires Techtronics Security Company
Alarm Security Group Completes Four Acquisitions to End 2004
Alarm Security Group Acquires Four Texas Security Companies
Alarm Security Group Acquires Argus Security Systems
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Copyright © 2010 Waud Capital Partners L.L.C.
Christiana Industries is a Chicago-based manufacturer of highly engineered low-voltage light assemblies to over 300 original equipment
manufacturers in more than 20 industries. WCP partnered with management to acquire Christiana from a retiring owner in 1994. Following
WCP’s investment, Christiana became QS9000 certified, moved its production to a new facility in Monterey, Mexico, increased productivity by
installing automating production systems, converted from batch to cell manufacturing and improved working capital management.
Industry:
Headquarters:
Date of Investment:
Fund:
Date of Exit:
Website:
Value-added Industrial – Automotive parts supplier
Vernon Hills, Illinois
November 1994
WCP Pre-fund
October 2007
christianaindustries.com
“Working with Waud Capital Partners
provided our management team with
the resources and support to position
our company as the world leader in our
core business.”
Hank Wisniewski
President
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Copyright © 2010 Waud Capital Partners L.L.C.
Parish Publishing Solutions is a niche publishing business that specializes in the production and distribution of weekly church bulletins to
religious organizations in Michigan and New York.
Industry:
Headquarters:
Date of Investment:
Fund:
Date of Exit:
Website:
Value-added Industrial – Specialty publishing
Sterling Heights, Michigan
January 1998
WCP Fund I
December 2004
parishnow.com
Related News
12/04
WCP Completes Sale of Parish Publishing Solutions
“The Waud Capital team has a keen
sense of knowing when to step in and
lend a hand and when to stand back
and let the management team work
independently. They have a high level
of respect for
the intimate
knowledge
that the
onsite
management
team has that
gives them a
unique
perspective
on business issues.”
Bill Douglass
Former President and Chief Executive Officer
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Copyright © 2010 Waud Capital Partners L.L.C.
Sovereign was founded in 1996 by WCP and a well-known senior industry executive to acquire specialty chemical businesses in the highlyfragmented adhesives, sealants and coatings industries. By focusing on niche products in attractive markets, Sovereign quickly grew to more
than $350 million in revenues. The company achieved substantial operational savings through on-site management, reorganization/cost
improvements, focused research and development and technical service. In January of 2000, Sovereign was recapitalized in a $360 million
transaction. At that time, Waud Capital Partners sold a significant portion of its interests but retained 20% of its investment in the newly
recapitalized company. In December 2004, Sovereign was sold to Henkel Corporation for a transaction value of approximately $575 million.
Value-added Industrial – Specialty chemicals
Industry:
Headquarters:
Date of Investment:
Fund:
Date of Exit:
Website:
Chicago, Illinois
March 1996
Pre-fund WCP Investment
January 2000 (Recapitalization); December 2004
sovereignsc.com
Add-on Acquisitions
Packaging and Coatings Business of IMPAG AG of Switzerland – 2001
Overprint Coatings business from Auchem – 2000
Imperial Adhesives – 2000
Croda Adhesives – 2000
Flexible Packaging Coatings Division of Valspar Corporation – April 1999
PL Brand Adhesives Division of ChemRex – August 1998
Coatings & Adhesives Division of K.J. Quinn & Co. – June 1998
Adhesives, Sealants and Coatings, N.A. Division of Laporte PLC – August 1997
Pierce & Stevens Corporation – August 1996
Adhesives Systems Division of B.F. Goodrich – March 1996
Related News
01/05 Sovereign Specialty Chemicals Acquired by Henkel Corporation
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Copyright © 2010 Waud Capital Partners L.L.C.
DS Medical distributes consumable medical supplies and durable medical products directly to the homes of end-users. The company targets
customers who have chronic medical conditions, such as spinal cord injuries and diabetes, who require consumable products including those
for bladder and bowel function, skin integrity and self care, all on a recurring basis.
Logistics / Specialty Distribution – Medical products distribution
Industry:
Headquarters:
Date of Investment:
Fund:
Date of Exit:
Website:
Lawrenceville, Georgia
October 1999
WCP Fund I
October 2003
dsmedical.com
Add-on Acquisitions
The David L. Bowman Company – October 2000
Professional Medical Services – October 2000
Related News
10/03
03/02
12/01
10/00
WCP Announces Sale of DS Medical to MP TotalCare
DS Medical Announces Opening of Chicago Office
DS Medical Announces New Knoxville Office
WCP Announces Acquisitions of Specialty Medical Distribution Companies
“We were fortunate to partner with a
supportive and like-minded investor.
Waud Capital Partners proved
invaluable to us as we grew our
business organically and through
acquisition. With WCP’s help, we were
able to maximize value for our
shareholders.”
Vance
Wall
Former
President
and Chief
Executive
Officer
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Copyright © 2010 Waud Capital Partners L.L.C.
In 1995, WCP backed two senior industry executives to build through acquisition Pacer Propane, a multi-state, retail propane distribution
company. From its founding until WCP sold its interest in late 1997, Pacer acquired seven propane retailers in California, Illinois, Michigan,
Oregon, Utah and Washington.
Logistics/Specialty Distribution – Retail propane distribution
Industry:
Headquarters:
Date of Investment:
Fund:
Date of Exit:
Website:
Redmond, Washington
January 1995
WCP Pre-fund
December 1997
pacerpropaneredmond.com
Add-on Acquisitions
Valley Propane – August 1996
Don Cox Propane – July 1996
Utah LP Gas – July 1996
Carmickle’s Propane Gas – July 1996
Acme Propane – March 1995
A-1 Propane – January 1995
Pacer Propane – January 1995
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Copyright © 2010 Waud Capital Partners L.L.C.
Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
Reeve B. Waud, Founder and Managing Partner
Reeve Waud is the Founder and Managing Partner of Waud Capital Partners, a private equity firm based
in Chicago, Illinois, with approximately $1 billion of capital under management. Over Mr. Waud's twentyfive year private equity career, he has acquired more than 135 companies. Today, Waud Capital's
portfolio companies have revenues of approximately $7 billion and more than 8,000 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 and
consumer services, specialty distribution, and value-added manufacturing. He has founded or co-founded
eleven 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 use in the country; the second largest provider of behavioral health services; the third largest
long-term acute care hospital group; the third 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, CarePoint Partners, Maxum Petroleum, Revenue Cycle Solutions, Inc., 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 nation's 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 nation's 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. Paul's School in Concord, New
Hampshire and the John G. Shedd Aquarium. In addition, he serves on the Visiting Committee of the
University of Chicago Harris School of Public Policy.
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.
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Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
Matthew W. Clary, Partner
Matt Clary, a Partner, joined WCP in 2004 and has been involved in principal investing since 1992. Prior
to joining WCP, Mr. Clary was a founding member and Partner with Banc of America Capital Investors in
Chicago. Mr. Clary joined Bank of America in 1990 as a Senior Associate in the Corporate Banking Group,
focused on highly structured and leveraged transactions.
Mr. Clary holds a B.A. in Economics from the University of Washington and an M.B.A. from the Kellogg
School of Management at Northwestern University. He currently serves as a member of the Board of
Acadia Healthcare Company (NASDAQ: ACHC), CarePoint Partners, The Center for Vein Restoration,
National Security Partners and Sterling Healthcare Holdings.
In addition, Mr. Clary is or has been a board member of over a dozen companies, including several roles
as Non-executive Chairman.
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Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
David O. Neighbours, Partner
David Neighbours, a Partner, joined WCP in 2003. Prior to joining WCP, Mr. Neighbours worked for
Citigroup Investments in New York where he was responsible for the analysis, due diligence and
execution of numerous private equity, mezzanine and structured product investments in a variety of
industries, including communications, consumer products, financial services, healthcare and leisure.
Previously, Mr. Neighbours was with Salomon Smith Barney in New York, where he worked in the firm's
proprietary investment group, SSB Capital Partners, and prior to that, in the firm's investment banking
division.
Mr. Neighbours holds a B.B.A., cum laude, in Finance from the University of Notre Dame. He currently
serves as Chairman of the Board of Adreima and Optimum Outcomes and as a member of the Board of
Acadia Healthcare Company (NASDAQ: ACHC), Cogent HMG, ProNerve and True Partners Consulting.
In addition to his activities at WCP, Mr. Neighbours serves as a member of the Boys and Girls Clubs of
Greater Chicago's Corporate Board and as a member of the Rush University Medical Center Associates
Board. Mr. Neighbours was also a founding officer of The Healthcare Private Equity Association, a nonprofit trade association that represents the U.S. healthcare private equity industry.
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Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
Eric S. Gordon, Vice President
Eric Gordon, a Vice President, joined WCP in 2008. Prior to joining WCP, Mr. Gordon worked as Manager
of Real Estate Investments at Ventas, Inc. in Chicago where he was responsible for the analysis, due
diligence and execution of healthcare-related property acquisitions. Previously, Mr. Gordon was with
Merrill Lynch in New York, where he worked in the Leveraged Finance Group.
Mr. Gordon holds a B.S., magna cum laude, in Economics and Mathematics from Duke University and an
M.B.A. from Harvard Business School, where he was a Baker Scholar, Henry Ford II Scholar and Wolfe
Scholar. He currently serves as a member of the Board of Acadia Healthcare Company (NASDAQ:
ACHC), Adreima, CarePoint Partners and Optimum Outcomes.
Mr. Gordon also serves on the Finance Committee of CommunityHealth, the largest free health clinic in
Illinois.
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Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
Christopher J. Graber, Vice President
Chris Graber, a Vice President, joined WCP in 2005 as an Associate. Prior to that, he worked in the
investment banking group of Robert W. Baird & Co. in Chicago, where he worked on a variety of M&A
transactions and equity financings in the healthcare, consumer and business services industries. Mr.
Graber also worked as an Administrative Fellow at a large community hospital in the Chicago area prior
to rejoining Waud Capital Partners in 2010.
Mr. Graber holds a B.A., magna cum laude, in Economics and Public Policy from Duke University and an
M.B.A., with distinction, from the Kellogg School of Management at Northwestern University. He currently
serves as a member of the Board of Acadia Healthcare Company (NASDAQ: ACHC), The Center for Vein
Restoration, ProNerve, Sterling Healthcare Holdings and True Partners Consulting.
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Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
Matthew A. London, Vice President
Matt London, a Vice President, joined WCP in 2007. Mr. London was previously an Associate at WCP
and, prior to that, an Analyst in the investment banking groups of Deutsche Bank in Chicago, where he
worked in the Industrials Group, and Morgan Keegan in Memphis.
Mr. London holds a B.S.B.A., magna cum laude, in Finance and International Business from Washington
University in St. Louis. He currently serves as a member of the Board of Acadia Healthcare Company
(NASDAQ: ACHC), Maxum Petroleum and National Security Partners.
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Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
Patrisha A. Carlson, Senior Associate
Patrisha Carlson, a Senior Associate, joined WCP in 2011. Ms. Carlson was previously a Finance Advisor
for Partners In Health in Rwanda, and, prior to that, an Analyst in the investment banking group of William
Blair in Chicago, where she worked on a variety of M&A transactions and equity financings in the
healthcare industry.
Ms. Carlson holds a B.S., with high distinction, in Finance and minors in Economics and Mathematics from
Indiana University and an M.B.A. from Harvard Business School.
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Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
Bradley M. Eckmann, Associate
Brad Eckmann, an Associate, joined WCP in 2011. Prior to joining WCP, Mr. Eckmann was an Analyst in
the investment banking group of Morgan Stanley in New York and Chicago where he worked on a variety
of M&A transactions and equity and debt financings across several sectors, including metals & mining,
agriculture, chemicals, industrials, and consumer goods.
Mr. Eckmann holds a B.S., with honors, in Finance and Accounting from Indiana University. He currently
serves as a member of the Board of Acadia Healthcare Company (NASDAQ: ACHC) and Maxum
Petroleum and as an observer of the Board of National Security Partners and Sterling Reference
Laboratories.
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Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
Jeffrey S. Goodman, Associate
Jeff Goodman, an Associate, joined WCP in 2011. Prior to joining WCP, Mr. Goodman was an Analyst in
the Mergers & Acquisitions investment banking group of Bank of America Merrill Lynch in New York
where he worked on a variety of M&A transactions in the consumer & retail, transportation, business
services, and metals & mining sectors.
Mr. Goodman holds an A.B., Cum Laude, in Economics from Harvard College.
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Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
David M. Peterson, Associate
David Peterson, an Associate, joined WCP in 2010. Prior to joining WCP, Mr. Peterson was an Analyst in
the healthcare investment banking group of Houlihan Lokey in Chicago where he worked on a variety of
M&A transactions and equity and debt financings across many healthcare services sectors, including
home health, hospice, long-term care, and behavioral health.
Mr. Peterson holds a B.B.A., with high distinction, in Finance and Accounting and a minor in Economics
from the University of Michigan.
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Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
Mark D. Flower, Chief Financial Officer and Chief Compliance
Officer
Mark Flower, the Chief Financial Officer and Chief Compliance Officer, joined WCP in 2004. Prior to
joining WCP, Mr. Flower worked for Vector Fund Management, the venture capital arm of the life sciences
and healthcare investment bank, Vector Securities International. During his five years with Vector Fund
Management, Mr. Flower held the position of CFO and Treasurer. Mr. Flower began his professional
career with Arthur Andersen in Chicago, followed by accounting and finance positions with Kemper
Financial Services, Kemper Asset Management Company and Iowa Grain Company.
Mr. Flower holds a B.B.A. in Accounting from the University of Wisconsin and has a CPA designation from
the state of Illinois.
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Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
Jennifer N. Sammis, Controller
Jennifer Sammis, the Controller, joined WCP in 2008. Prior to joining WCP, Ms. Sammis was a Manager
in the Investment Management practice at PricewaterhouseCoopers in Chicago where she focused on
Private Equity and Hedge Fund clients providing tax consulting and tax compliance services. Previously,
Ms. Sammis worked at a local accounting firm where she worked on a variety of client accounts, including
high net worth individuals and hedge funds, performing various accounting and tax services.
Ms. Sammis holds a B.B.A. in Accounting from the University of Iowa and has a CPA designation from the
state of Illinois.
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Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
Joseph C. Verburgt, Senior Accountant
Joe Verburgt, Senior Accountant, joined WCP in 2009. Prior to joining WCP, Mr. Verburgt worked as an
internal audit consultant at Protiviti, a global business risk and internal audit firm, where he focused on
internal audit and Sarbanes-Oxley engagements across energy, financial services, manufacturing, and
telecommunications clients. Previously, Mr. Verburgt worked as an accounting intern with Mandel Group,
a Milwaukee-based real estate developer.
Mr. Verburgt holds a B.S.B.A. in Accounting from Marquette University.
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Reeve B. Waud
Matthew W. Clary
David O. Neighbours
Eric S. Gordon
Christopher J. Graber
Matthew A. London
Patrisha A. Carlson
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
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Copyright © 2010 Waud Capital Partners L.L.C.
Executive Partners
Albert T. Cantu
Albert T. Cantu is an Executive Partner of Waud Capital Partners. Prior to
joining WCP, Mr. Cantu served as ServiceMaster Group Business
President, managing four major business units, including American
Residential Services, Merry Maids, ServiceMaster Clean and
FurnitureMedic. He also served six years as President and Chief
Operating Officer of Terminix, ServiceMaster’s pest control division. Mr.
Cantu began his career with Terminix in 1985, holding various leadership
positions throughout the company.
Mr. Cantu currently serves on the board of trustees of Christian Brothers
University, the advisory board of St. Jude Children’s Research Hospital
and the University of Memphis Center for Economic Education. He has
previously served on the board of directors of the Children’s Museum of
Memphis, the Junior League of Memphis and the Catholic Charities of
Memphis, as well as on the advisory board of the University of Tennessee
Center for Health Sciences.
Mr. Cantu received a B.B.A. in Economics and an M.B.A. in Finance from
Memphis State University.
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Gary A. Mecklenburg
Gary Mecklenburg, an Executive Partner, joined WCP in 2007. Prior to
joining WCP, Mr. Mecklenburg served as President and CEO of
Northwestern Memorial HealthCare and Northwestern Memorial Hospital
for 21 years. Mr. Mecklenburg's career has included senior management
positions at the University of Wisconsin Hospitals, Stanford University
Hospital and St. Joseph's Hospital and Franciscan Healthcare in
Milwaukee. Mr. Mecklenburg is recognized as one of the nation's leading
healthcare executives.
Mr. Mecklenburg holds a B.A. from Northwestern University and an
M.B.A. from the University of Chicago. He currently serves as Chairman
of the Board of ProNerve and as a member of the Board of Adreima,
CarePoint Partners, Optimum Outcomes and Sterling Reference
Laboratories.
Mr. Mecklenburg's national role has included serving as Chairman of the
American Hospital Association, the Illinois Hospital Association, the
Health Forum, the National Alliance for Information Technology and the
Healthcare Research and Development Institute. Mr. Mecklenburg is a
Director of Becton Dickinson and Company, Froedtert Health and LHP
Hospital Partners.
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Copyright © 2010 Waud Capital Partners L.L.C.
Advisory Board
David Burke
David Burke is a founder and managing director of Makena Capital
Management, an investment management firm with $15 billion of endowment
assets under management. Prior to forming Makena in 2005, Dave was a
Managing Director of the Stanford Management Company, overseeing the
Stanford University endowment’s investments in private equity and venture
capital. Prior to joining the Stanford Management Company, Dave ran the
private equity investment program for The Investment Fund for Foundations.
During the 1990s, Dave was an international capital markets lawyer in London
and Paris with Linklaters, and practiced law with Bingham McCutchen in San
Francisco. Dave has a BS in Finance, Juris Doctor, and MA in Foreign Affairs
from the University of Virginia and is a frequent lecturer on venture capital and
investment management topics at the Stanford University Graduate School of
Business. Dave currently serves on the advisory boards of 25 private equity and
venture capital firms in the US and abroad, and is an observing board member
of Laureate Education, Inc.
John A. Canning, Jr.
John A. Canning, Jr. is Chairman of Madison Dearborn Partners, LLC ("MDP"),
which specializes in management buyout and special equity investing. MDP
manages over $18 billion of committed capital and portfolio investments. Prior
to founding MDP in 1993, Mr. Canning spent 24 years with First Chicago
Corporation, most recently as Executive Vice President of The First National
Bank of Chicago and President of First Chicago Venture Capital. He currently
serves on the Boards of Directors of The Economic Club of Chicago, Exelon
Corporation, Milwaukee Brewers Baseball Club, Northwestern Memorial
Hospital, TransUnion Corp., and Children's Inner City Educational Fund. He
also serves on the Boards of Trustees of the Big Shoulders Fund, The Field
Museum, Museum of Science and Industry, and Northwestern University. Mr.
Canning is also a Commissioner of the Irish Pension Reserve Fund, a Trustee
and Chairman of The Chicago Community Trust, and a Director and Chairman
of the Federal Reserve Bank of Chicago. Mr. Canning has an A.B. from
Denison University and a J.D. from Duke University.
Bryan C. Cressey
Bryan Cressey is a Co-founder of Cressey & Company, Golder, Thoma,
Cressey, Rauner, Inc., Thoma Cressey Equity Partners. Which manage over a
billion dollars of private equity funds. Numerous highly successful companies
have evolved from GTCR’s industry consolidation strategy, including the world’s
largest paging company, the nation’s second largest networking cable
company, the fourth largest funeral home company in the U.S. and the nation’s
fourth largest propane distribution company. Fortune and Time have recognized
his industry consolidation leadership, and his particular expertise in the
healthcare services field has been widely acknowledged. Mr. Cressey serves as
Chairman of Belden, Inc., a New York Stock Exchange company, and is a
Director of several other companies. Mr. Cressey holds an M.B.A. from Harvard
Business School, a J.D. from Harvard Law School and a B.A. from the
University of Washington.
W. James Farrell
W. James Farrell is the recently retired Chairman and CEO of Illinois Tool
Works Inc. (ITW), a multi-national manufacturer of highly engineered fasteners,
components, assemblies and systems. ITW is comprised of approximately 825
decentralized operations in 52 countries with more than 60,000 employees and
2005 Revenues of approximately $16.2 billion. Mr. Farrell was elected
Chairman in May 1996 before which he had served as President and CEO.
Prior to that time, he was Executive Vice President of the company. Since
joining ITW in 1965 Mr. Farrell held numerous general manager and vice
president positions. Mr. Farrell is active in numerous business, educational and
cultural organizations. Currently, he serves on the Board of Directors of Abbott,
Allstate Insurance Company, 3M and UAL Corporation. Mr. Farrell also serves
on the Board of Directors of the Economic Club of Chicago, the Lyric Opera of
Chicago, Junior Achievement of Chicago, and the United Way of Metropolitan
Chicago and is the former Chairman and Director of the Federal Reserve of
Chicago. He serves on the Board of Trustees of the Museum of Science and
Industry, Rush Presbyterian-St. Luke’s Medical Center, and Northwestern
University and is the Chairman of the Campaign Steering Committee of the
Kellogg Graduate School of Management. In addition, Mr. Farrell is a member
of the Business Council and a member of the Civic Committee of the
Commercial Club of Chicago. Mr. Farrell holds a B.S. in Electrical Engineering
from the University of Detroit. He also served in the U.S Army from 1965-1967.
John A. Haggerty, CFA
Mr. Haggerty has been in the financial services industry since 1993, joined
Meketa Investment Group in 1996 and carries consulting, management, and
research responsibilities. He chairs the firm’s Private Markets Investment
Committee (PMIC) and oversees the firm’s due diligence in this area, which has
resulted in over $1 billion in annual client commitments.
The PMIC governs client portfolio management, commitment pacing, strategic
policy, and approval of individual investments. Mr. Haggerty is a member of the
firm’s Private Equity, Private Debt, Real Estate, Infrastructure, and Natural
Resources Investment Committees.
Mr. Haggerty became a Chartered Financial Analyst in 1998 and is a member of
the CFA Institute, the Boston Security Analysts Society, and the Pension Real
Estate Association. He serves on the Advisory Board of select buyout and
venture capital limited partnerships. Mr. Haggerty speaks at numerous industry
events, including those sponsored by the International Foundation of Employee
Benefits, Dow Jones, and Private Equity International.
Mr. Haggerty held previous positions at IBC/Financial Data and The Boston
Company. He is a graduate of Cornell University.
Brian Knitt
Brian Knitt is a Managing Director of Cheyenne Capital Fund. Mr. Knitt has
experience in private equity as a director and an investor. In the private equity
area, he has expertise in a full range of matters, including sourcing and
selecting investment opportunities, due diligence, negotiating deal terms, and
adding value to investments. Mr. Knitt joined Cheyenne Capital Fund in 2003.
Prior to joining Cheyenne Capital Fund, Mr. Knitt focused on
telecommunications and information technology private equity investments as an
investment professional at Meritage Funds. Meritage is one of Colorado’s
largest private equity funds with over $500 million of committed capital under
management. Prior to Mr. Knitt’s private equity career, he was an officer in the
U.S. Air Force. He left the service in 1998 with the rank of Captain. Mr. Knitt
received a B.S. from Colorado State University, a M.S. from the University of
Southern California and a M.B.A. from the UCLA Anderson School of
Management.
Karl Polen
Karl Polen joined the Arizona State Retirement System in 2010 as its portfolio
manager for private markets. In that capacity he is responsible for investments
of over $4 billion in real estate, private equity and opportunistic investments.
From 2002 to 2010, Karl was the Executive Vice President in charge of real
estate operations for Pivotal Group, an investor in real estate and private equity
projects. From 1987 to 2002, Karl was chief financial officer of Robson
Communities, a general contractor and developer of age restricted resort
communities where he handled acquisitions, finance, entitlements, utility
operations and commercial real estate. Karl served twelve years on the board of
the Arizona State Retirement System including terms as chairman of
investments and chairman of the board. Karl also served on the board of the
Central Arizona Project and the Boys and Girls Clubs of Metropolitan Phoenix,
where he and his wife established the Jemeille Ackourey scholarship fund to
provide music and art lessons for talented youth in need of financial assistance.
Karl is a CPA (inactive license), holds an MBA degree from Vanderbilt University
and a Bachelor of Music degree from the University of Illinois.
Hunter S. Reisner
Hunter Reisner is a Managing Director of ACI Capital. Prior to joining ACI, he
was the Founder and Managing Partner of Citigroup Investments Private Equity
Group and became Senior Partner of its successor, Citigroup Private Equity. In
these capacities, Mr. Reisner was responsible for investing over $3 billion and
managing over $6 billion of proprietary and client capital in over 30 private
equity direct investments and over 125 private equity partnerships. Previously,
he invested in private equity as well as public equity and equity-related
securities at Butler Capital, Salomon Brothers and Morgan Stanley. He has also
served as a senior equity capital markets professional at Smith Barney and
Salomon Brothers. Mr. Reisner has held seats on the advisory boards,
investment committees and boards of directors of over 20 private equity funds
and portfolio companies, most of which operate in the middle market. He
received a B.A. in Economics and Mathematics from Yale University, graduating
summa cum laude, and an M.B.A. from Stanford University's Graduate School
of Business.
Joseph Rest
Joseph Rest, CAIA, is a Private Equity Investment Officer for the 430,000
member New York State Teachers’ Retirement System (NYSTRS). Mr. Rest
works on a team that manages 143 partnerships with 66 private equity firms
and $14 billion in commitments which account for approximately 7% of the
System’s invested assets. Mr. Rest has been a part of the NYSTRS Private
Equity team since December 2008.
Prior to joining NYSTRS, Mr. Rest was employed as an Internal Auditor at
Trans World Entertainment (Nasdaq: TWMC), the parent company of
independent media chain For Your Entertainment (FYE) stores. Prior to Trans
World Entertainment, Mr. Rest spent approximately two years as an Internal
Auditor at Trustco Bank (Nasdaq: TRST), a retail bank based in Upstate New
York with branches in New York, Massachusetts, Vermont, New Jersey, and
Florida.
Mr. Rest received his MBA from Hawaii Pacific University and a BS in Business
Administration from The College of Saint Rose. Mr. Rest is a CAIA Charter
Holder and a CFA Level II candidate.
Jennifer W. Steans
Jennifer W. Steans is the President of Financial Investments Corporation
("FIC"), where she oversees private equity investments and the Steans family
office operations. Prior to founding FIC in 1994, Ms. Steans served as
Treasurer of Prime Graphics, Inc. and as a Senior Consultant then as Manager
for the Management Consulting arm of Deloitte & Touche, primarily in the
finance and health care industries. Ms. Steans’ business affiliations include
service as a Chairman of MCS Holdings, LLC and USAmeribancorp, Inc., a
privately held Tampa Bay area middle market bank. She is also a Director of
Provest Holdings, LLC and Elektra Holding Company, LLC. Ms. Steans also
actively helps lead a number of nonprofit entities, including serving as past
Chair of Leadership Greater Chicago. She currently serves as Trustee of
Eleanor Foundation, City Year Chicago, Ravinia Festival, The Steans Family
Foundation and Swedish Covenant Hospital. Ms. Steans received her Masters
of Management from the Kellogg School of Management at Northwestern
University and holds a B.S. degree from Davidson College.
Cornelius B. Waud
Ron Waud is a former senior executive of Illinois Tool Works Inc. Mr. Waud
joined ITW, a company founded by his grandfather in 1963, when it had $33
million in revenues. Today ITW is a $16 billion multinational corporation with
over 825 operating units in 52 countries. During his tenure at ITW, Mr. Waud
held a variety of positions, including General Manager, Chief Engineer, Vice
President, Group President and, finally, President of one of ITW’s worldwide
business units. Mr. Waud has a B.A. in Economics from St. Lawrence
University. In addition, he serves as a Director of American Louver Company
and Whitehall Products, L.L.C. He was previously a director of the Chicago
Crime Commission and Junior Achievement of Chicago. From 1996 until 1999,
Mr. Waud served as the Mayor of Lake Forest, Illinois.
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Copyright © 2010 Waud Capital Partners L.L.C.
Catch up on what’s new
05/12 Adreima Announces New Chief Executive Officer
05/12 Revenue Cycle Solutions Rebrands as Optimum Outcomes
04/12 WCP Announces Acquisition of Sterling Reference Laboratories
03/12 Acadia Healthcare Reports Fourth Quarter and Full Year Results for 2011
03/12 Acadia Healthcare Acquires Three Acute Inpatient Psychiatric Facilities
02/12 ProNerve Acquires Northwest Neurodiagnostics
01/12 Acadia Healthcare Names Wade Miquelon, EVP and CFO of Walgreens, to Board of Directors
01/12 Acadia Healthcare to Acquire Three Acute Inpatient Psychiatric Facilities
01/12 Adreima Expands its Northeast U.S. Presence with Acquisition
01/12 Cogent HMG Announces New CEO
12/11 Acadia Healthcare Company, Inc. Announces Pricing of Public Offering of Common Stock
12/11 Acadia Healthcare Company, Inc. Announces Public Offering of 8,333,333 Shares of Common Stock
11/11 Acadia Healthcare Completes Merger with PHC, Inc.
10/11 Cary D. McMillan Recognized in Directors & Boards
10/11 True Partners Consulting Acquires Affinity Tax Group
09/11 Waud Capital Partners Hires Three Associates
09/11 CarePoint Partners Acquires Mountain State Infusion Services
08/11 The Intensivist Group Teams with Cogent HMG
07/11 Revenue Cycle Solutions Expands into New Headquarters
06/11 CarePoint Partners Expands Presence in Texas and Louisiana with Acquisition of ArTex Medical
05/11 Johnston Health Selects Adreima as Its Medicaid Advocate
05/11 Acadia Healthcare Company Announces Merger with PHC Inc.
05/11 Waud Capital Partners Acquires Revenue Cycle Solutions, Inc.
04/11 HMG, Cogent Merge to Form Largest Private Hospitalist Company in the U.S.
04/11 Waud Capital Partners Closes $463 Million Fund, Exceeding Target
04/11 Acadia Healthcare Company Acquires Youth & Family Centered Services, Inc.
03/11 Acadia Healthcare Announces Expansion of Management Team, Adds Joey Jacobs as CEO
03/11 Former Cisco Systems Senior Executive Frank Grant Joins Adreima as CSMO
02/11 Maxum Petroleum Completes Purchase of DeCristo Oil
01/11 Adreima Appoints Former Vanguard Health Systems Hospital CEO Ken Howell as COO
01/11 CarePoint Partners Enters Houston Market with its 10th Acquisition
10/10 CarePoint Partners Expands into Texas with Acquisition of Allied Preferred Care
09/10 WCP Announces Vice Presidents, Chris Graber and Matt London and Associate, David Peterson
09/10 Advanced Reimbursement Expands to the East Coast with Acquisition of Hospital Inpatient Services
09/10 WCP Completes Sale of Regency Hospital Company to Select Medical Group
07/10 Waud Capital Partners Announces Formation of Optimum Outcomes
06/10 Jazz Pharmaceuticals Announces Additions to Board of Directors
05/10 David Neighbours Joins HCPEA as an Officer and Vice President of Membership
05/10 Jazz Pharmaceuticals Announces Pricing of Public Offering of Common Stock
05/10 Susan Gallagher Joins True Partners Consulting as Chief Operating Officer
04/10 WCP Completes Recapitalization of HMG with AEA Investors
02/10 Kenneth Kaufman Joins Advanced Reimbursement’s Board of Directors
02/10 Michael R. Parks and Michael J. Tower Join True Partners’ Board of Directors
01/10 Waud Capital Partners Announces Promotions
12/09 Jazz Pharmaceuticals Submits New Drug Application
12/09 CarePoint Partners Expands into Philadelphia
11/09 Acadia Healthcare Announces Acquisition of Peninsula Village
08/09 Maxum Petroleum Acquires Mid-State Industrial Lubricants Company
07/09 Connie Perez Recognized in Impact Magazine
06/09 CarePoint Partners Acquires Home Infusion Division of Praxair
04/09 Dr. Stephen L. Houff Recognized in M.D. News
04/09 WCP Healthcare Portfolio Companies Seeking Acquisitions
03/09 Acadia Healthcare Announces Acquisition of Acadiana Addiction Center
03/09 CarePoint Partners Announces Four Acquisitions
03/09 True Partners Consulting Named to Crain’s 2009 Best Places to Work in Chicago
01/09 CarePoint Partners Acquires Option Care of Northeast Ohio
01/09 Advanced Reimbursement Announces Three Senior Management Additions
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News Archives
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Copyright © 2010 Waud Capital Partners L.L.C.
Archives
12/08 Advanced Reimbursement Completes Debt Financing
12/08 CarePoint Partners Acquires Total Health Services
12/08 Maxum Petroleum Receives $300MM Investment from Metalmark Capital and WCP
11/08 CarePoint Partners Acquires Care Partners
09/08 Acadia Healthcare Announces Acquisition of RiverWoods Psychiatric Facility
09/08 WCP Announces Investment in Healthcare Revenue Cycle Management
09/08 True Partners Consulting Achieves Significant Global Expansion
07/08 Grant D. Wilson Joins Waud Capital Partners as an Associate
07/08 True Partners Consulting Completes Debt Financing
07/08 Eric S. Gordon Joins Waud Capital Partners as Vice President
06/08 CarePoint Partners Acquires Family Focus Infusion
05/08 Aquion Water Treatment Products Elects Albert Cantu as Chairman of the Board
04/08 True Partners Opens First Wholly Owned International Office
03/08 True Partners recognized by Consulting magazine
02/08 CarePoint Partners Acquires Home Infusion Therapy Company
02/08 Albert Cantu Joins Waud Capital Partners as Executive Partner
01/08 Waud Capital Partners Announces Promotions
12/07 WCP Announces Formation of Infusion Pharmacy Company
12/07 Maxum Petroleum Acquires Paulson Oil
11/07 Aquion Water Treatment Products Taps Frank Kneller as Chief Executive Officer
11/07 Maxum Petroleum Acquires New Mexico & Panama Facilities
11/07 True Partners Launches Global Tax Consulting Network
11/07 William L. Anderson Elected CEO of Regency Hospital Company
10/07 Richard P. Gustafson Joins Hospitalists Management Group’s Board of Directors
10/07 Waud Capital Partners Completes Sale of Alarm Security Group
09/07 W. James Farrell Joins Advisory Board of Waud Capital Partners
08/07 Matthew A. London and Peter B. Tedesco Join Waud Capital Partners
08/07 Waud Capital Partners Announces Opening of Downtown Chicago Office
06/07 Rod Laughlin recognized in Atlanta Business Magazine
06/07 Jazz Pharmaceuticals Announces Initial Public Offering
05/07 Acadia Healthcare Announces Appointment of New Chief Executive Officer
05/07 Maxum Petroleum Announces Acquisition of Leading Petroleum Marketers
04/07 True Partners Opens First Wholly Owned International Office
02/07 Jazz Pharmaceuticals and Solvay Pharmaceuticals Announce License Agreement For LUVOX
01/07 Gary A. Mecklenburg Named Executive Partner of Waud Capital Partners
01/07 Waud Capital Partners Promotes David O. Neighbours to Vice President
01/07 Jazz Pharmaceuticals Signs Licensing Agreement With Valeant Pharmaceuticals
12/06 Acquion Water Treatment Products Announces Operations Group Organizational Changes
12/06 Acadia Healthcare Honored as 2006 Catalyst Awards Finalist
12/06 Regency Hospital Company Wins 2006 Catalyst of the Year
12/06 Regency Hospital Company of Hattiesburg Remains Clinical Center of Excellence
09/06 WCP Announces Acquisition of Hospitalists Management Group
09/06 WCP Announces Acquisition of Two Leading Fuel and Lubricant Distribution Businesses
09/06 Acadia Healthcare Announces Purchase of Kids Behavioral Health
09/06 Regency Hospital Company of Fort Worth Opens Doors
09/06 Jazz Pharmaceuticals Announces Phase III Clinical Trial to Study the Safety and Efficacy of Xyrem®
06/06 Rod Laughlin Receives Entrepreneur of the Year 2006 Award
06/06 SPI Petroleum Acquires McLain Truck Service
06/06 Acadia Healthcare Company Acquires Two Inpatient Psychiatric Hospitals
04/06 Regency Hospital Company of North Dallas Opens Doors
04/06 Regency Hospital Company of Jackson Opens Doors
03/06 Alarm Security Group Completes Two More Acquisitions
02/06 Alarm Security Group Begins 2006 with Two Acquisitions
02/06 Andersen Alums' Firm Fills Corporate Niche
02/06 WCP Announces Formation of Inpatient Psychiatric Hospital Company
02/06 WCP Announces the Formation of True Partners Consulting
01/06 WCP and SPI Petroleum Announce the Acquisition of the Hartney Companies
01/06 Regency Hospital Company of Porter County Grand Opening
12/05 Regency Hospital Company of Central Georgia Named Quality Respiratory Care Provider
12/05 WCP Announces Acquisition of Aquion Water Treatment Products
10/05 Alarm Security Group Acquires Techtronics Security Company
09/05 Regency Hospital Company Named one of Atlanta’s Best Places to Work
08/05 Rod Laughlin Named in Top 50 Entrepreneurs of Georgia
08/05 Christopher Graber Joins Waud Capital Partners
07/05 Charles E. Edwards Joins Waud Capital Partners
06/05 Jazz Pharmaceuticals Completes Acquisition of Orphan Medical
06/05 Compex Legal Services Acquires American DataMed
06/05 Simons Petroleum Acquires Trevco
05/05 Compex Legal Services Acquires OmniDox
04/05 Waud Capital Partners Announces Closing of Fund II
04/05 Regency Hospital Company of Florence Awarded Full Joint Commission Accreditation
04/05 Ron Spaeth Joins Regency Hospital Company’s Board of Directors
04/05 Jazz Pharmaceuticals to Acquire Orphan Medical
04/05 Regency Hospital Company One of Atlanta’s Fastest Growing Private Companies
01/05 Sovereign Specialty Chemicals Acquired by Henkel Corporation
01/05 Alarm Security Group Completes Four Acquisitions to End 2004
12/04 WCP Completes Sale of Parish Publishing Solutions
12/04 Regency Hospital Company of Greenville Opens Doors
12/04 Regency Hospital Company of Central Georgia Receives JCAHO Accreditation
10/04 Matthew W. Clary Joins Waud Capital Partners
09/04 Regency Hospital Company Opens Hospital in Arkansas
09/04 Regency Hospital Company Acquires 92-Bed Hospital in Minnesota
08/04 Alarm Security Group Acquires Four Texas Security Companies
08/04 Regency Hospital Company Completes Debt Financing
04/04 Alarm Security Group Acquires Argus Security Systems
04/04 Regency Hospital Company Opens Hospital in Macon
04/04 Simons Aims to be Biggest Oil Marketer
04/04 WCP Completes Investment in Simons Petroleum
04/04 WCP Completes Investment in Jazz Pharmaceuticals
02/04 Regency Hospital Company Opens Hospital in Louisiana
01/04 WCP Announces Acquisition of Litigation Support Service Provider
12/03 Regency Hospital Company Opens Hospital in Arkansas
11/03 Regency Hospital Company Opens Hospital in Hattiesburg, Mississippi
10/03 WCP Announces Sale of DS Medical to MP TotalCare
09/03 David O. Neighbours Joins Waud Capital Partners
07/03 Regency Hospital Opens In Northwest Indiana
11/02 Regency Hospital Company Announces Two New Projects
11/02 Regency Hospital Company Announces South Atlanta Hospital Approved
05/02 Whitehall Products Acquires Old Century Forge
05/02 Gary A. Mecklenburg Elected to Regency Board Of Directors
04/02 Ann Molitor Appointed VP Operations for Regency Hospital Company
03/02 DS Medical Announces Opening of Chicago Office
03/02 Regency Hospital Company Opens In Akron
12/01 DS Medical Announces New Knoxville Office
12/01 Whitehall Products Acquires Flora & Fauna
10/01 Regency Hospital Company of Florence Celebrates Grand Opening
04/01 WCP Announces Acquisition of Long–Term Acute Care (LTAC) Hospital Company
10/00 WCP Announces Acquisitions of Specialty Medical Distribution Company
04/99 WCP Announces the Closing of $100 Million Private Equity Partnership
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Recent News
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Copyright © 2010 Waud Capital Partners L.L.C.
Investor Access
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Copyright © 2010 Waud Capital Partners L.L.C.
Waud Capital Partners welcomes investment proposals and referrals from business
owners, executives, investment bankers, lenders, business brokers, attorneys,
accountants and other parties. Potential transactions will be considered in a confidential
and timely manner.
Waud Capital Partners
300 North LaSalle Street
Suite 4900
Chicago, Illinois 60654
t. 312.676.8400
f. 312.676.8444
info@waudcapital.com
Please direct proposals or inquires to any of the investment professionals listed below
or info@waudcapital.com.
Partners:
Reeve B. Waud
Matthew W. Clary
David O. Neighbours
312.676.8450
312.676.8406
312.676.8407
rwaud@waudcapital.com
mclary@waudcapital.com
dneighbours@waudcapital.com
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Vice Presidents:
Eric S. Gordon
Christopher J. Graber
Matthew A. London
312.676.8404
312.676.8405
312.676.8412
egordon@waudcapital.com
cgraber@waudcapital.com
mlondon@waudcapital.com
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Senior Associate:
Patrisha Carlson
312.676.8413
pcarlson@waudcapital.com
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Associates:
Bradley M. Eckmann
Jeffrey S. Goodman
David M. Peterson
312.676.8422
312.676.8403
312.676.8421
beckmann@waudcapital.com
jgoodman@waudcapital.com
dpeterson@waudcapital.com
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Executive Partners:
Albert T. Cantu
Gary A. Mecklenburg
312.676.8400
312.676.8409
info@waudcapital.com
gmecklenburg@waudcapital.com
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Finance & Accounting:
Mark D. Flower
Jennifer N. Sammis
Joseph C. Verburgt
Chief Financial Officer
Chief Compliance Officer
312.676.8425
Controller
312.676.8426
Staff Accountant
312.676.8427
jsammis@waudcapital.com
jverburgt@waudcapital.com
mflower@waudcapital.com
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Copyright © 2010 Waud Capital Partners L.L.C.
Directions to WCP
Waud Capital Partners is located in Chicago at 300 North LaSalle Street, Suite 4900. For your
convenience, we have provided directions and other travel information for our location.
Directions:
From O’Hare Airport
From Midway Airport
Door-to-door driving directions by Yahoo!
Maps:
Chicago
Taxis & Trains:
American-United Taxi: 773.248.7600
Checker Cab: 312.243.2537
Flash Cab: 773.561.1444
Yellow Cab: 312.829.4222
CTA Schedule
Useful Websites:
Chicago 10-Day Weather Forecast
Traffic Check
Home | About Us | Portfolio | News | Investor Access | Contact Us | Map/Directions | Printable Materials | Regulatory Information
Copyright © 2010 Waud Capital Partners L.L.C.
Materials for printing.
For your convenience, the following documents are provided in PDF format for downloading,
viewing and printing.
Printable Website
Firm Overview
Current and Prior Investment Areas
Home | About Us | Portfolio | News | Investor Access | Contact Us | Map/Directions | Printable Materials | Regulatory Information
Copyright © 2010 Waud Capital Partners L.L.C.
Regulatory Information
Waud Capital Partners is an investment adviser registered with the United States Securities
and Exchange Commission. Waud Capital Partners may only transact business or render
personalized investment advice in those states and international jurisdictions where it is
registered, has notice filed, or is otherwise excluded or exempted from registration
requirements. Any communications with prospective investors residing in states or
international jurisdictions where Waud Capital Partners is not registered or licensed shall be
limited so as not to trigger registration or licensing requirements.
All information contained herein is for informational purposes only. This is not a solicitation to
offer investment advice or services in any state where to do so would be unlawful. Past
results are no guarantee of future results and no representation is made that an investor will
or is likely to achieve results that are similar to those described. An investor should consider
Waud Capital Partners Funds’ investment objectives, risks, charges and expenses carefully
before investing. This and other information about the Waud Capital Partners Funds are
contained in each Fund’s Private Placement Memorandum.
We have no control over or responsibility for other websites that may be accessible from this
website, the contents thereof, their security or privacy policies, or any products/services that
may be offered by them. If you access any third party website through this website or
because it is referred to in this website, you do so at your own risk. Links to or from this
website do not constitute an endorsement by Waud Capital Partners of the parties or
businesses which are so linked, nor do they necessarily indicate any affiliation between us
and such parties or businesses.
Home | About Us | Portfolio | News | Investor Access | Contact Us | Map/Directions | Printable Materials | Regulatory Information
Copyright © 2010 Waud Capital Partners L.L.C.