Seaport Capital has added Drew Meyers to its investment team as a new partner. Mr. Meyers previously worked at Seaport from 2001 to 2007.
We are excited to welcome Drew back to the Seaport team,” said Bill Luby, one of Seaport’s founders. “His understanding of our approach to investing and the firm’s culture, coupled with an extensive track record, complements our existing team well.
Seaport Capital invests from $10 million to $30 million of control equity in US-based companies that have enterprise values of $25 million to $150 million and EBITDA of $3 million to $15 million. Industries of interest include business and information services, communications services, broadband and wireless infrastructure, software and SaaS, and media. The firm was founded in 1997 and is led by partners Bill Luby, Jim Collis, Scott McCormack and Bob Tamashunas.
“Scott, Bob, Jim and I have all known Drew for at least 15 years and believe his rejoining the firm is additive to the outstanding investment team in place today,” added Mr. Luby. Mr. Meyers will assist in leading the firm’s investment strategy and overseeing the firm’s investment portfolio. Seaport Capital is currently investing from Seaport Capital Partners V, a $230 million fund that had a final close in August 2017.
“Drew is an experienced private equity partner with considerable business and investment expertise who has stayed close to Seaport professionally and personally over the years. We saw a unique opportunity to bring on a senior investment professional whom we all respect and who could be immediately productive in our efforts to deploy Fund V in opportunities that fit the criteria we promised to our limited partners,” said Mr. McCormack. “He also brings an extensive range of relationships that will enhance our deal flow and overall firm visibility in the lower middle market.”
“It is truly an honor to rejoin the team at Seaport Capital, whom I have known for many years,” said Mr. Meyers. “Their excellent track record and patient approach to investing is uniquely suited to the lower middle market and the companies with which they partner. I am excited to help continue the work of investing our partners’ capital in the most attractive opportunities possible and building an enduring firm.”
Before rejoining Seaport Capital, Mr. Meyers was with middle market private equity firm Gryphon Investors from 2013 to 2018. Prior to Gryphon, he was a partner at GroupArgent (now known as Results International Group) from 2009 to 2013.
Seaport Capital is headquartered in New York (www.seaportcapital.com).
© 2018 Private Equity Professional | May 15, 2018