Gridiron Capital has hired Jeff Steinhorn as the firm’s newest operating partner. Gridiron has been active in expanding its operating capabilities in information and process technology, digital marketing, data analytics, artificial intelligence, and machine learning.
“We are thrilled to have Jeff join the Gridiron team, as we continue to expand upon the digital and data capabilities we started building several years ago,” said Tom Burger, co-founder and managing partner of Gridiron. “Jeff demonstrates all the qualities we look for in an operating partner.”
Prior to joining Gridiron, from 2014 to 2019, Mr. Steinhorn was the chief information officer (CIO) for Johnson & Johnson’s Janssen Pharmaceutical business, and earlier was the CIO for Johnson & Johnson’s consumer medical devices business. Before his time at Johnson & Johnson, Mr. Steinhorn held CIO positions at energy company Hess (2006 to 2013) and Linens ‘n’ Things (2001 to 2006). Mr. Steinhorn has his undergraduate degree in business from the University of Vermont.
Gridiron invests in manufacturing, service and specialty consumer companies that have EBITDAs from $8 million to $50 million. Sectors of interest include branded consumer, B2B and B2C services, and niche industrial.
Gridiron has been an active investor in 2019 and recently closed three new platforms with the buys of Colibri Group, a St. Louis-based provider of online learning services for professionals operating in regulated end markets, from Quad-C (May 2019); Jacent, a Huntingdon Valley, PA-based distributor and merchandiser of non-edible, general merchandise impulse items sold through grocery stores and other retail channels, from Lariat Partners (April 2019); and Remington Products Company, a Wadsworth, OH-based maker of branded and private label orthotic products sold to specialty retailers, footcare OEMs, and orthopedic soft goods distributors, from Remington’s employee stock ownership plan (April 2019).
“We continue to invest in differentiated digital and technology transformation capabilities to support our partnership companies,” said Kevin Jackson, a managing partner at Gridiron. “Jeff’s track record of success in these areas adds tremendous value and we are excited to have him on the Gridiron team.”
In October 2016, Gridiron held a final closing of the firm’s third fund, Gridiron Capital Fund III LP, at the hard cap of $850 million. The firm is headquartered in New Canaan, CT.
© 2019 Private Equity Professional | November 8, 2019