Gryphon Investors Hires Lucas As Partner In Operations Resource Group

Oct 6 2017 | 7:36pm ET

San Francisco-based private equity company Gryphon Investors has named veteran Fortune 500 senior executive Wes Lucas as a partner, bringing the total number of partners at the firm to twelve.

In his new role, Lucas will be responsible for co-leadership of the firm’s Industrial Growth Group alongside Bob Grady, the company said in a statement. 

Lucas has more than 30 years of experience in the C-suites of global Fortune 500 corporations and private companies. Prior to joining Gryphon, he served as CEO of SIRVA, the $2 billion relocation and moving company where he instituted a successful turnaround. Beforehand, Lucas was CEO of Sun Chemical, the world’s largest producer of printing inks and pigments with approximately $3.5 billion of revenue in 110 countries. Other prior positions include CEO of Quebecor World, president of Styrenics Nova Chemicals, co-chairman of Kodak Polychrome, and vice president of AlliedSignal. Early in his career Lucas was a management consultant with McKinsey & Company.

“We are delighted to welcome Wes as our twelfth partner,” said David Andrews, Gryphon’s founder and CEO, in the statement. “He has an exceptional track record of creating shareholder value in multiple industries through driving earnings growth, gaining market share, fostering technological innovation, developing new products, supporting geographic expansion and, importantly, completing aggressive add-on acquisition strategies. His experience as a five-time CEO leading both large and small-sized companies will be invaluable.”

Founded in 1994, Gryphon Investors focuses on North American middle-market companies in business services, consumer products and services, healthcare, and industrial growth industries. The firm makes investments of $35 million to $150 million per portfolio position and has raised approximately $2.6 billion of cumulative equity commitments. The company’s most recent fund, a $100 million mezzanine vehicle, closed in August 2017.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of