Ironwood Capital has promoted three of its employees to senior positions. Alex Levental has been promoted to Managing Director; Zachary Luce has been promoted to Chief Financial Officer; and Paul Witinski has been promoted to Director.
Ironwood Capital President Marc Reich considers these three to be an important part of the firm’s future. “We are delighted to recognize the hard work and commitment of Alex, Zach and Paul. They have played important roles in the growth of our business and are very much a part of our future.”
Mr. Levental’s primary responsibilities include deal origination, structuring and execution, industry research and portfolio management. Prior to joining Ironwood in 2005, he was a Vice President of Market Development and Strategic Planning for CCA Global Partners. He started his career with Morgan Stanley as a financial analyst and later was an associate with Advent International. He holds a BA in Economics and Russian Literature from Colby College and studied at the London School of Economics.
Mr. Luce is responsible for financial management and controls, external financial and regulatory reporting, and limited partner reporting. His additional responsibilities include the development and management of internal systems and controls, cash management, and support of overall portfolio management. Prior to joining Ironwood in 2010, Mr. Luce worked for seven years as an auditor in public accounting with McGladrey and CCR. He has a BS degree in Accounting and also obtained his Master of Science in Accounting from the University of Connecticut.
Mr. Witinski is responsible for investment opportunity analysis and portfolio company monitoring, including analysis of market and competitive trends, identifying business development and growth strategies, and assessing exit opportunities. He joined Ironwood in 2012 from McKinsey & Company, where he consulted primarily on operations and supply chain management. Prior to graduate school, he was an engineer at General Motors and is a licensed professional engineer. Earlier in his career, he served for six years as a nuclear reactor operator in the US Navy. He graduated from the University of Rochester and holds graduate engineering degrees from the University of Rochester and the Massachusetts Institute of Technology as well as an MBA from MIT.
“Both the expertise and capabilities of Alex, Zachary and Paul enhance our ability to serve our clients,” said Carolyn Galiette, senior managing director, Ironwood Capital. “We’re fortunate to have such a talented team.”
Ironwood Capital employs over 20 professionals most of whom are in the firm’s Avon, CT headquarters and traces its roots to its formation in 1986 as a subsidiary of Aetna. The company was acquired from Aetna in 1991, at which time it adopted the Ironwood Capital name. With over $500 million of capital under management, Ironwood Capital provides non-control growth capital to middle market companies. Investments take the form of subordinated debt and preferred stock in amounts ranging from $5 million to $20 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts (www.ironwoodcap.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 3-10-15
