O2 Investment Partners has hired Charlie Miller as an associate on the firm’s investment team. Mr. Miller will be responsible for evaluating new transactions, conducting due diligence, underwriting new investments, and working with O2’s portfolio companies.
Prior to joining O2, Mr. Miller was an associate with Southfield, MI-based P&M Corporate Finance (PMCF), an affiliate of Plante Moran. At PMCF, he worked in the firm’s business & technology services and plastics & packaging groups on both buy- and sell-side mergers and acquisitions. Mr. Miller has a BA degree in finance from Michigan State University.
“On behalf of O2, we are excited to have Charlie join the team and are confident that his skill set and transaction experience will play an integral role as we continue to explore new opportunities and deploy capital,” said Todd Fink, a managing partner at O2.
In addition to the hiring of Mr. Miller, O2 has also promoted Joe Vallee to vice president and Sean Darin to senior associate. “Both Joe and Sean have developed valuable expertise and unique perspective as it relates to private equity investing,” said Mr. Fink. “We believe both Joe and Sean have been and will continue to be key contributors to the success of our team.”
Mr. Vallee joined O2 in March 2017 as an associate and has been involved with O2’s investments in EMEX, a Houston-based provider of energy-related software and consulting services (acquired in June 2018), and MHC Software, a Burnsville, MN-based provider of document management and electronic transaction processing software (acquired in October 2017).
Mr. Darin joined O2 in October 2016 and has been active in O2’s investments in NTI Connect, a West Chicago-based provider of cable, telecom, engineering and installation services (acquired in October 2015 and sold to ORIX Capital Partners in December 2018); 1 Priority, a Fort Worth, TX-based provider of asbestos abatement services (acquired in May 2018); and Vessco, a Chanhassen, MN-based distributor of water treatment parts and equipment (acquired in November 2018).
O2 makes control investments of $5 million to $75 million in companies with EBITDAs from $2 million to $10 million located anywhere in the US and Canada but prefers the Midwest and the Great Lakes regions. Sectors of interest include niche manufacturing, niche distribution, select service businesses, and certain technology businesses.
In October 2017, the firm held a final closing of its Oxygen Fund with an above-target $100 million of capital commitments. O2, based in the Detroit suburb of Bloomfield Hills, is backed by the Orley family which has been investing in operating businesses and real estate since 1950 (www.o2investment.com).
© 2019 Private Equity Professional | April 30, 2019