The Capstreet Group has promoted Chas Richard from vice president to principal.
Mr. Richard joined Capstreet as an associate in May 2018 and was promoted to vice president in March 2020. Earlier, beginning in 2016, he was with the investment banking group of Barclays in New York City.
Mr. Richard currently serves on the boards of several Capstreet portfolio companies including Allredi, a Texas-based distributor of surface preparation, abrasives, and safety products to industrial contractors; The Colt Group, a Texas-based provider of leak sealing and leak repair services; and TradePending, a North Carolina-based provider of software used by automotive dealerships.
“Since joining Capstreet, Chas has distinguished himself with his investment acumen and transaction expertise, which have been instrumental in supporting our portfolio companies and new investment opportunities,” said Neil Kallmeyer, a managing partner at Capstreet. “His promotion is a testament to both his dedication to our shared goals and the firm’s commitment to cultivating talent, and we congratulate Chas on this next step in his journey.”
Mr. Richard has his undergraduate degree in finance and entrepreneurial management from Texas Christian University and his MBA from the Tuck School of Business at Dartmouth College.
Capstreet primarily makes control investments in privately held, lower middle-market companies that have annual EBITDA between $3 million and $15 million and are active in the software, tech-enabled services, and industrial business services sectors. Capstreet is headquartered in Houston and has closed more than 45 platform investments and over 200 add-on acquisitions since its founding in 1990.
© 2023 Private Equity Professional | August 25, 2023
