Firm to Leverage Partnership Orientation and
Relationship-Driven Sourcing Strategy to Identify and Elevate
Businesses That Serve an Essential Role in Their Markets
NEW
YORK, April 16, 2024 /PRNewswire/ -- FalconPoint
Partners ("FalconPoint") today announced its launch as a private
equity firm focused on investing in North American middle market
"real economy" businesses in the business services and industrials
sectors. The firm will leverage its deep expertise,
partnership-first approach, and relationship-based sourcing
strategy to identify and execute on opportunities to acquire
high-quality businesses. FalconPoint will launch with greater than
$500 million in assets under
management and strong support from institutional investors.
Headquartered in New York, with
an initial team of nine investment, operating, and support
professionals, FalconPoint invests in companies serving
irreplicable, essential functions within their core markets. The
firm will use its extensive network of investor, advisory, and
industry relationships to continue building on a robust pipeline of
idiosyncratic investment opportunities and deliver market-leading
risk-adjusted returns.
FalconPoint is led by Founder and Managing Partner Russ Gehrett,
an experienced investor who has spent his career tailoring flexible
and scaled capital solutions for companies. Prior to founding
FalconPoint Partners, Mr. Gehrett established and led the
New York office for Wynnchurch
Capital Management. Previously, he helped launch Pamplona Capital
Management's US investment business in 2012. He began his career in
the leveraged finance group at Jefferies & Company, before
joining the investment team at Wellspring Capital Management.
"Building enduring relationships has always been at the core of
my investment approach, and I am thrilled for the opportunity to
make this a foundational principle of our firm as we identify and
partner with great businesses and management teams," said Mr.
Gehrett. "We've assembled a team of exceptional individuals—many of
whom I have worked alongside for over a decade—who share our firm's
values of integrity, honesty, and transparency. I am confident our
approach of responsible partnership will continue to position
FalconPoint to grow and achieve our goal of providing essential
businesses the resources they need to achieve greater scale,
resilience, and significance in their sectors."
Andrew Singer, who worked with
Mr. Gehrett at both of their prior firms, has also joined
FalconPoint as Partner and Chief Investment Officer. Together, the
leadership team brings an extensive track record of value creation,
driven by a sincere commitment to collaborating with and supporting
management teams, a keen understanding of the operational levers
that dictate success in the business services and industrials
sectors, and a history of developing innovative, creative capital
solutions that will allow FalconPoint to execute on complex
transactions.
"This is an incredible opportunity to work alongside Russ as we
institutionalize the values and priorities behind which we have
invested so successfully for more than a decade," said Mr. Singer.
"I look forward to supporting talented management teams as they
build the businesses of tomorrow, positioned to thrive in an
increasingly dynamic and competitive global economy."
The firm, as well as its portfolio companies and their
management teams, will also have access to a large, best-in-class
network of operating partners and executive advisors with sector,
digital, commercial, financial, and other expertise. This network
comprises a range of experienced public and private company
executives—including leaders of Fortune 100 companies, serial
entrepreneurs, and financial experts—many of whom sit on multiple
boards of directors. FalconPoint has deep and trusted relationships
with each member of its Executive Advisory Board, often nurtured
over decades of side-by-side collaboration.
"The FalconPoint team's commitment to leveraging digital and AI
solutions to solve traditional business problems has driven
step-change growth in a number of companies where we have
partnered," said Alex Hawkinson,
Operating Partner at FalconPoint and Founder of SmartThings and
BrightAI. "The results we have achieved over the last decade have
been integral to the creation and success of BrightAI, and I am
excited to continue to identify and support new investments
together."
About FalconPoint
FalconPoint is a private equity firm which invests in North
American middle market "real economy" businesses in the business
services and industrials sectors, with a focus on companies serving
irreplicable, essential functions within their core markets. The
firm leverages a partnership-oriented approach and
relationship-based sourcing strategy to identify and execute on
idiosyncratic opportunities to acquire businesses that provide
mission critical products and services. For more information,
please visit www.falconpointpartners.com.
Contact
Media
Ed Trissel / Sarah Salky
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
FalconPoint-JF@joelefrank.com
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SOURCE FalconPoint Partners