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Ellipse Capital Announces Promotion and Continued Focus on the Distribution Sector
Ellipse Capital is pleased to announce the promotion of David Schumacher to Vice President. David has been with Ellipse Capital since its formation in 2008 and was previously employed by Code Hennessy & Simmons LLC and Merrill Lynch & Co. "Dave is an integral member of our team at Ellipse Capital," said Peter Gotsch, Managing Partner of Ellipse Capital. "His work and dedication are outstanding, and we are excited about his expanding role in our organization."
Ellipse Capital also re-affirmed its commitment to the wholesale distribution sector. "We remain extremely active in evaluating opportunities in the sector," said Jennifer Levinson, Principal. "In particular, we are focused on distributors that serve the HVAC, industrial, packaging, beverage, electrical and scientific end-markets."
Ellipse Capital is a private equity firm focused exclusively on the distribution sector. We target growth oriented wholesale distribution businesses valued between $15-$75 million and are uniquely experienced, having closed more than 50 transactions in the sector. We have a large network of sector-specific contacts to help our portfolio companies after closing and strive to be the partner of choice for management teams and owners.
Chicago, November 13, 2009 - Ellipse Capital, a private investment firm focused on the distribution sector, announced that it has completed the acquisition of Ward Adhesives, Inc. Terms of the transaction were not disclosed.
Ward Adhesives, Inc. (www.ward-adhesives.com) is a leading national distributor of specialty adhesives for the packaging, product assembly and graphic arts markets. Headquartered in Pewaukee, Wisconsin, the company provides its customers with products, technologies and services to address a broad range of adhesive applications.
"Ward's reputation for providing exceptional value-added service complemented by its broad product offering and strong technical sales force makes Ward an attractive investment opportunity," said Peter Gotsch, Managing Partner at Ellipse Capital. “The management team’s extensive industry experience combined with Ellipse Capital’s knowledge of the distribution sector should position Ward for continued success. We are very excited to partner with Doug Moore, Doug Deitz and the rest of their team to support them through the next phase of their growth.”
“Ellipse Capital brings a combination of financial, operational and strategic insight to our Company,” said Doug Moore, CEO of Ward. “I am very excited about what the future holds for our business."
Ellipse Capital is a private investment firm focused exclusively on value-added distribution businesses across a broad range of end markets. Ellipse sources and invests in growth oriented, lower middle market distribution businesses with enterprise values between $10 - $100 million. For more information, visit www.ellipsecapital.com.