Gridiron Capital has added Tracy Streckenbach to its team as a new operating partner. Ms. Streckenbach will be active evaluating new business opportunities and working with portfolio company management teams to increase shareholder value.
Ms. Streckenbach has more than 25 years of experience as a private equity partner, board member, CEO, COO and CMO across a range of industries.
Prior to joining Gridiron, and beginning in January 2018, Ms. Streckenbach was a partner at Watermill Group, a Massachusetts-based private equity firm. In 2019, she led the business due diligence for Watermill’s acquisition of Enbi Global, an Indiana-headquartered manufacturer of rollers, insulation, gaskets and sealing products used by OEMs in digital printing, cash handling systems, and HVAC sectors. In April 2019, she became the interim CEO of Enbi and guided the company through the initial stages of ownership by Watermill. In October 2019, a permanent CEO was hired, and Ms. Streckenbach transitioned to a position on Enbi’s board of directors.
In 2016, she founded CR3 Partners, a provider of operating consulting and interim senior management services, and from 2001 to 2016 she was with Chrysalis Management, also a provider of operating consulting and interim senior management services.
“Tracy is an excellent addition to the Gridiron team,” said Tom Burger, co-founder and managing partner at Gridiron. “We look forward to having her experience and perspective as she expands Gridiron’s capabilities in operational excellence and strategic thinking.”
“We are excited to welcome Tracy to the Gridiron team,” said Kevin Jackson, a managing partner at Gridiron. “She will be an excellent fit and aligns with our culture of “Winning Together.” Tracy’s diverse and relevant leadership experience will enhance the continued growth of Gridiron and provide broader resources to our partnership companies.”
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 was an active investor in 2019 and 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 Pennsylvania-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, an Ohio-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).
Private Equity Professional | May 22, 2020