Ridgemont Equity Partners has promoted Jack Purcell to Partner and Kurt Leedy to Principal. Both Mr. Purcell and Mr. Leedy are presently based in the firm’s Charlotte office however Mr. Leedy will be relocating to Ridgemont’s Dallas office in the near future.
“Jack joined our team more than a decade ago and has become an important contributor to our success. In particular, he has been a key driver of growth in our basic industries sector,” said Travis Hain, Partner and member of the Executive Committee at Ridgemont. “Congratulations are in order for both Jack and Kurt on their well-deserved promotions.”
Mr. Purcell will continue to focus primarily on investments in the basic industries sector. He serves on the boards of directors of Aurora Parts & Accessories, J.A.M. Distributing Company, Johnstown Wire Technologies and Gallus BioPharmaceuticals. Mr. Purcell earned his MBA from The Wharton School at the University of Pennsylvania with a concentration in Finance and a BA in Economics from Davidson College.
Mr. Leedy will continue to focus on investments in the telecommunications, media and technology sectors. He serves on the boards of directors of Unite Private Networks, Simpleview and AccentHealth. Mr. Leedy earned his MBA from The Wharton School at the University of Pennsylvania and a BBA in Finance and a BA in Spanish from the University of Texas.
“I’m very pleased that Kurt’s efforts and talents have been recognized through his promotion to Principal,” said George Morgan, a Partner of the firm. “His deep knowledge in telecom services, software and out-of-home media is very evident and crucial to our team’s ability to compete for attractive investments and drive growth initiatives within our portfolio companies. Kurt is a Texas native and we’re thrilled to have him back.”
Ridgemont Equity Partners focuses on middle market buyout and growth equity investments of $25 million to $75 million. The firm invests in the following sectors: basic industries and services; energy; healthcare; and telecommunications, media and technology. In August of 2010, the former Banc of America Capital Investors private equity team spun off from Bank of America to form Ridgemont. The firm is headquartered in Charlotte and has an additional office in Dallas (www.ridgemontep.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 2-5-14