Waud Capital Partners Names Olsen Principal in Business Development Group

Dec 14 2016 | 7:43pm ET

Waud Capital Partners has named Phil Olson as the inaugural principal in its business development group.

Olson will be tasked with on identifying investment opportunities within the company’s business and technology services vertical, according to a statement. The position is new. 

Olsen will be based in Chicago and assumes his new role effective immediately. His appointment comes close on the heels of Waud’s hiring of veteran healthcare executive David Bellaire as operating partner in early December. All told, the company now has 27 investment and finance professionals, three operating partners and one executive partner. 

Bringing more than 15 years of investment banking experience in technology and technology-enabled business services, Olson was previously a managing director at William Blair & Co., where he focused on technology, and more specifically, financial technology, payments, technology-enabled business models and vertical software businesses. He has completed more than 100 technology and business services-related transactions and began his career as an analyst at Merrill Lynch.  

“We are excited that Phil has joined Waud Capital,” said Reeve Waud, managing partner of Waud Capital, said in the statement. “The business development group is an important addition to our disciplined and process-driven approach to finding lower middle market companies that are poised for rapid growth within our niches of focus within healthcare services and business and technology services. We plan to expand the business development group rapidly with additional experienced hires in early 2017.”

Founded in 1993 and based in Chicago, Waud Capital Partners acquires or creates platforms in the U.S. lower middle market through control-oriented growth equity investments, industry consolidation, buyouts or recapitalizations. The firm targets services businesses in large, growing, fragmented markets in healthcare services and business and technology services. Currently investing from its $1.056 billion Waud Capital Partners IV fund, which closed in February 2016, the firm has approximately $2.1 billion in AUM and has successfully completed more than 195 investments since inception. 

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