Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced today at the firm's annual meeting the promotions of Phil Druce and George Parry to Partner. Both were most recently Principals of the firm.
Peter Shabecoff, Managing Partner at Atlantic Street Capital, said, "We are proud of our deep and talented team and we are fortunate to have on the team two professionals with such outstanding investment and business transformation skills. In addition to attracting top talent, our goal remains to develop future leaders from within the firm who embody our values and investment philosophy and we are confident Phil's and George's strong investment and management expertise will continue to lead to exceptional value creation for our investors. They both play an important leadership role at the firm and we are pleased to recognize their valuable contributions."
Andy Wilkins, Managing Partner, commented, "Both Phil and George have the knowledge and relevant investment expertise that provided additional sourcing and execution capabilities, enabling us to build strong companies. Since joining Atlantic Street, they have had an extraordinary trajectory and have demonstrated leadership in our retail and healthcare verticals, in particular with our Planet Fitness investment and our latest platform acquisition of OrthoBethesda. We are very pleased to recognize their hard work and dedication with this promotion and look forward to their ongoing contributions in this expanded role."
Mr. Druce joined Atlantic Street in 2014 with a background in private equity, mezzanine finance and investment banking. He serves on the Boards of Fast Sandwich, PLNTF Holdings, Uniguest, Lab Logistics, and Sunrise Transportation. Prior to joining Atlantic Street, he worked at North Cove Partners and its predecessor, BAML Capital Partners. Prior to North Cove and BAML, Mr. Druce worked at BBH Capital Partners and Bank of America in the Financial Sponsors/Leverage Finance and General Industrials investment banking groups. He received an M.B.A. from The Wharton School at the University of Pennsylvania and a B.A. in Economics from Columbia University.
Mr. Parry joined Atlantic Street Capital in 2016 with a background in private equity and acquisition finance. He serves on the Boards of Lombart Instrument, eIVF, and OrthoBethesda. Prior to joining Atlantic Street, Mr. Parry worked at Corinthian Capital Group. Prior to Corinthian, he financed leveraged buyout transactions for financial sponsors at both Amalgamated Capital (team from Abacus Finance) and Churchill Financial (formerly Carlyle GMS Finance and now Churchill Asset Management). He received an M.B.A. from the Johnson Graduate School of Management at Cornell University and an A.B. in Government from Harvard University.
About Atlantic Street Capital
Atlantic Street Capital is a private equity firm that invests in middle market companies with between $4 million and $15 million in EBITDA. The firm invests in fundamentally sound companies that will benefit from capital investment and value-adding strategic and operational initiatives. Atlantic Street Capital's investment team are hands-on investors who work closely with management to unlock their business' underlying value and help them succeed. The firm is currently making investments in Atlantic Street Capital III, LP. For more information, visit www.atlanticstreetcapital.com.
