Crossplane Capital has expanded its team with the hiring of Katie Oswald as director of business development.
Ms. Oswald is responsible for sourcing investment opportunities, developing relationships with transaction advisors, and managing the firm’s marketing strategy. Before joining Crossplane, Ms. Oswald was a member of the business development team of Gauge Capital from July 2017 to March 2019. Prior to her time with Gauge, she served as the chief financial officer of a Dallas-based family office. She began her career in the audit practice of KPMG and is a CPA.
“We are thrilled to have such a talented business development leader join our firm,” said Brian Hegi, a partner at Crossplane. “Katie’s full-time focus on developing relationships with advisors to lower-middle-market companies will augment our overall transaction sourcing process.”
Crossplane makes control investments of up to $120 million in North American companies that have $40 million to $200 million in revenue and up to $15 million of EBITDA. The firm has a specific interest in family-owned businesses and companies that are experiencing financial or operational underperformance or are in a cyclically out-of-favor industry. Sectors of interest include niche manufacturing, value-added distribution and industrial business services.
“I am excited to join Crossplane Capital and work alongside such an experienced and operationally intensive team,” said Ms. Oswald. “I look forward to expanding Crossplane’s relationships with intermediaries, family-owned businesses, and companies in complex situations.”
“Katie brings the ideal background to Crossplane Capital,” said Ben Eakes, a partner at Crossplane. “Her broad transaction sourcing network combined with her firsthand experience working with family-owned businesses is ideal for our investment approach.”
Crossplane Capital was founded in November 2018 by Mr. Hegi and Mr. Eakes and is headquartered in Dallas (www.crossplanecapital.com).
© 2019 Private Equity Professional | April 5, 2019