“We are delighted to welcome Andrew to the team and look forward to utilizing his expertise as Gauge maintains and expands relationships with its partners in the investment banking and financial advisory communities,” said Tom McKelvey, Managing Partner of Gauge.
Mr. Peix has more than 11 years of experience in finance and private equity. Prior to joining Gauge Capital, Mr. Peix was a Vice President with Serent Capital, where he led the transaction origination team and was responsible for managing relationships with investment banks, corporate sellers and other intermediaries. He also spent time in transaction origination at Riverside Partners and in various roles at GE Capital. Mr. Peix earned an MBA from Cornell University and a bachelor’s degree from Boston University.
Gauge Capital invests from $10 million to $40 million in North American based companies that have $5 million to $50 million of EBITDA. Sectors of interest include business and consumer services, healthcare services and food services. The firm will consider both majority and minority investments.
The new fund will make equity investments in eight to ten companies over the next several years. Gauge has already closed on its first portfolio company with a $43 million investment in Origami Owl, a custom jewelry company that uses a direct sales business model (www.origamiowl.com).
Gauge Capital was co-founded in 2013 by Managing Partners Drew Johnson and Tom McKelvey, who each have over 20 years of experience as investors, operators, board members, and advisors, primarily in the middle market. Gauge Capital is based near Dallas in Southlake, TX (www.gaugecapital.com).
2014 PEPD • Private Equity’s Leading News Magazine • 12-9-14