PUBLISH holdings LLC . Click here to refresh the page. Mr. Fredston began his full-time career at Goldman Sachs in 2005 after graduating from Bates College with a B.A. tote Bag lbvgabzZBe - virtualmendoza.com Earlier in 2020, the firm acquired both Miles Data and Dasco Label, adding to its expanding portfolio of companies supporting the delivery and shipping industries. About David Fredston and Sole Source Capital LLC. part of the core investment approach created by Fredston. Dirt is a part of Penske Media Corporation. Mr. Mokulehua received dual degrees in Accounting and Finance from Loyola Marymount University. Mr. Thomas is responsible for SSCs origination efforts and leading the firms exit strategies for its portfolio companies. Over more than two decades, the company has become synonymous with trust and quality. David Fredston, Managing Partner and Founder of Sole Source, commented, "As this will be the first exit for Sole Source, IFS is an important transaction for us. Prior to joining SSC, Ms. Flanigan spent three years at Clearlake Capital Group as a member of the business development team. Copyright 2023 Greenhill School. Ms. Flanigan is responsible for investment origination, deal qualification, and developing client relationships. Announces New Chief Information Officer, Global Tech Company Mastek Appoints President of the Americas, Calendar: Not-to-Miss Events for Innovators in Dallas-Fort Worth, Ex-Acting Comptroller of the Currency Joins HBAR Board to Help Accelerate Growth of Hedera Network. This approach, originally conceived by David Fredston in 2016, has served SSC well in 2020. . Sole Source Capital, led by former Gores Group executive David Fredston, raised more than $200 million for a second lower-mid-market fund, a person with knowledge of the matter told Buyouts. While this year has been an uncertain one, Sole Source Capital has soared with David Fredston at its helm. Prior to joining SSC, Mr. Riggs spent six years on the M&A team at Platinum Equity, where he was responsible for leading all aspects of financial due diligence on potential acquisitions. Images rapid growth through three acquisitions fits into Sole Sources approach of finding businesses that will benefit from its operating and M&A capabilities. Mr. Adoric has over thirteen years of experience in accounting, financial reporting, compliance, and administration of private equity, venture capital, and fund of funds. from University of Kansas. | In addition, she makes $214,657 as Independent Director at Metropolitan Bank Corp. Mr. Riggs earned a B.A. Previously, Ms. Flanigan was a Licensed Agent with Keller Williams Realty. and executes key operational changes that rapidly deliver value. Mr. Sussman received a B.A. He graduated from Bates College. Mr. Hynes received a B.S. Contribution Totals: Download all contribution records for this person from 1999 to present To a Spreadsheet or Other File Type: 2020 Transaction Count/Amount: 0/$0: 2018 Transaction Count/Amount: 0/$0: 2016 Transaction Count/Amount: Mr. Turbitt earned a B.S. by David Kirkpatrick | Jan 5, 2022 The announcement continues a strong run for the Dallas-based industrial-focused PE firm. Copyright 2023 Sole Source Capital. Founded in 2016 by David Fredston, Sole Source Capital is an operationally-focused lower-middle market private equity firm that targets investments in high-growth industrial sub-sectors including . Mr. Wandoff is responsible for investment origination, deal qualification, and developing new client relationships. Sole Source Capital founder and CEO David Fredston. 4. 4) Max your retirement. specialist situations. As with all such advisory services, past results are never a guarantee of future results. These impressive figures highlight the ongoing success of Sole Source Capital and Fredston. These lots dont come available often transform this vibrant lot into your own private paradise, listing remarks note. We change and grow as we strive to realize that vision each day, said Head of School Lee Hark. As for the property itself, the May-designed house was originally built in 1941, per records, and the single-story rambler includes five bedrooms and five baths in 3,245 square feet of living space. He has worked hard and has worshiped his job. What Is David Crosby's Net Worth? The .68-acre property is relatively large and completely flat ideal for construction purposes and its worth noting that a similar ranch-style house immediately next door was recently demolished by its owner, real estate mogul Rick Caruso. Prior to joining SSC, Mr. Menon spent ten years at Crescent Capital Group where he was a Senior Vice President focusing on fundraising. According to Celebrity Net Worth, his net worth was estimated to be around $6 million. degree from Bates College. She is also a daughter of Sandra M. Gores of Holland, Mich., who is on the board of Ox-Bow, an artists school and residence in Saugatuck, Mich.. Founder and CEO David Fredston says his firm's "investment process and commitment to human capital can deliver great results.". with Sole Source Capitals proven track record. This approach sets apart Sole Source Capital, consistent with David Fredston's founding philosophy. Mr. Adoric currently serves as a Director for Worldwide Produce, Dallas Plastics, Peak Technologies, I.D. From what she heard, the conversation revolved around how much to pay for a certain company. Source Capital Company is a company that focuses on venturing into upcoming sectors . Mr. Pierucci currently serves as a Director for Peak Technologies, I.D. Fredston will accept the award at the nineteenth annual Virtual Awards Gala on Thursday, February 4, 2021. A consistent increase . Why is this public record being published online? His mother is on the board of the National Ability Center, a nonprofit organization in Park City, Utah, that provides recreational programs for people with disabilities. in Accountancy from University of Wisconsin. Contact & Personal Details. Sign up for daily updates for the most important Mr. Sutton earned a B.S. For more information on how to participate in the campaign, visit. But how does DNA profiling actually work? Greenhill School announces the launch of the. Rochelle Gores Fredston knows her Napa. None of the blogs or other sources of information is to be considered as constituting a track record. In October, Sole Source Capital was named a 2021 Inc. "Founder-Friendly" investor and raised $555 million in its second fund. Images more than doubled in size and tapped into new North American markets through three major acquisitions over the last five months. Mr. Fredston-Hermann remembers grinning at her. from the University of Texas. 3 min read. As we analyze the private equity landscape at the close of 2020, it's worth noting one firm that has brought a unique approach to a number of noteworthy deals in the second half of the year: Sole Source Capital. he company partners with management teams and founder-owned businesses. David has a home, a car, and a portfolio of . Prior to joining SSC, Mr. Jacobs was a Private Equity Associate at Lantern Capital Partners and an Investment Banking Analyst at Lincoln International. from Loyola Marymount University. Top M&A Deals, Firms and Professionals Honored During February 4th Virtual Awards Gala. David Filo is an American businessman who is one half of the team that founded Yahoo". Additionally, the couple lives in a lavish house in the metropolitan area of Los Angeles, . Sole Source Capital, Fredston worked with Gores Group for six years. Now he was even more surprised. Bajaj Finserv and NIIT announce partnership to create large-scale, job- ready pool of freshers for BFSI industry Rochelle Francis Gores and David Arthur Fredston-Hermann were married Saturday afternoon at the home of the brides father, Alec E. Gores, in Beverly Hills, Calif. However, even amid this difficult outlook, there are economic bright spots in certain sub-sectors where companies can withstand or even thrive amid the current uncertainty. In recognition of their generous support of the campaign, Rochelle and David Fredston, parents of a second and fourth grader, sat on stage as the community learned that the Head of School position was being named in their honor. He was the older brother of singer Eric Hilliard "Ricky" Nelson (May 8, 1940 - December 31, 1985). All rights reserved. Making the right acquisition decisions and weathering the tide has been a difficult feat so this years awards carry additional significance. Surrounded by vast lawns and a towering canopy of mature trees, the park-like estate remains a rural oasis, a rare country retreat thats happens to sit just seconds away from bustling Sunset Boulevard. Mr. Turner has led the post-acquisition operational carve-out, integration, and / or stand up of over 20 companies. It's already made investments in three portfolio companies through the new fund: Dallas Plastics, Peak Technologies, and I.D. $400 million, which would more than double Fund Is cap of $160 Following his 2007 death, the property continued to be owned by his children until its sale earlier this month. focused, control investor In 2007, Koch was named as Australian Father of the Year by the Australian Father's Day Council. The late musician had a net worth of approximately $10 million, according to Celebrity Net Worth. professional with Ivory Investment Management, Empyrean Capital But where to look, and how to find the right match for your business? David Fredston: All his wealth has . The bridegroom is the president and founder of Long Green Capital Management, a hedge fund in Los Angeles, that focuses on older concerns, including railroads, fertilizer producers and coal companies. Images, and Westwood Laboratories. Learn why Head of School Lee J. Hark believes in Greenhills core values of excellence, integrity, compassion, and courage. Dallas, Texas, United States. Images acquisitions of Digital Printing Concepts, Multi-Action Communications, and Valley Forge Tape & Label Company extend the companys reach to new markets across the U.S. and Canada. The new owners are married couple David Fredston and Rochelle Gores Fredston, he a private equity guru and founder of L.A.-based investment firm Sole Source Capital, she the founder of the Philanthropic Society of Los Angeles and eldest child of multibillionaire Alec Gores. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Prior to joining SSC, Mr. Pierucci was a Private Equity Associate at The Gores Group and a Consultant at The Boston Consulting Group. But where to look, and how to find the right match for your business? enables Sole Source Capital and Fredstons team to stand apart in Mr. Jacobs is involved in the origination and execution of new investments and the management of existing portfolio companies. According to the Federal Reserve the average net worth for an American household in 2019 was $748,800. Mr. Deshaies is responsible for investment origination, deal qualification, and developing new client relationships. Sungmin Kwon | Juvenile Protection Manager. have had to rise to meet the new challenges brought by the strain on The brides father is the founder of the Gores Group, an investment firm that buys and manages both established and newer businesses. Prior to 2007, Mr. Fredston worked at Ladenburg Thalmann in M&A and Goldman Sachs in the Fixed Income, Currencies, and Commodities Division. Inc.'s list of 146 founder-friendly investors is its biggest yet. ", Sole Source Capital Portfolio Company More Than Doubles in Size With Three Acquisitions, Dallas Sole Source Capital Raises $555M for Its Second Industrial-Focused Fund, Meet the Top VCs in Dallas-FortWorth, According to Business Insider, ATI Inc. Click here to watch the groundbreaking ceremony. Previous to David's current city of Santa Monica, CA, David Fredston lived in Beverly Hills CA and Los Angeles CA. investors, and family offices. Prior to joining SSC, Mr. Cavitt spent nearly four years as Chief Operations Officer with Voltea, Inc. and twenty plus years in Operational Leadership roles across multiple industries. All Rights Reserved. Grit or quit? 3,245 square feet, 5 bedrooms, 5 bathrooms, Ellen DeGeneres Buys Another Grand Old Montecito Estate, Reclusive Texas Billionaire Paid $45 Million for Paul Allens Beverly Hills Estate, Refined Estate in the Hills Sells to Fayed Family Member, a large and luxurious East Coast-style mansion, Savannah Guthrie Seeks $7.1 Million for Designer-Done Manhattan Condo, Britney Spears Takes Hefty Loss on Calabasas Mansion, Glitzy Hollywood Regency Lair Up for Grabs in Palm Springs' Most Over-the-Top Enclave, Socialite Jamie Tisch Sends Sun-Drenched Sunset Strip Midcentury Back to Market, Waterfront Estate Across the Pond Is Awash in Regal Victorian Luxury, Reconstructed Thornton Abell Modern in Santa Monica Canyon Seeks $10.5 Million. Sole Source Capital LLC is a private equity investment firm, bringing a data-driven, operational approach to the lower-middle market. degree from the Cox School of Business at Southern Methodist University and a B.A. Till now, he has played in the several movies and TV series which are doing a good earning in the box office. Greenhills athletics culture can be summed up in one word: commitment. During that period, he was a principal on the M&A team and served Unfortunately for classic ranch house lovers, marketing materials gently imply that the house is a likely teardown candidate. In particular, SSC tends to focus on transactions of Work. Also in October 2021, Dallas Innovates reported Sole Source Capital was named one of Inc.s 2021 founder-friendly investment firms. from the University of Oklahoma. This article does not necessarily reflect the opinions of the editors or management of EconoTimes. As of March 2020, Fund I generated an Photo via Fredston's LinkedIn profile. Seokjin Yoon. The middle 40% of U.S. families own 22% of the wealth. Summary. Leaders in this demanding sector face a variety of challenges on a daily basis. Our founders Helen and Bernard Fulton started Greenhill with an ambitious spirit and a vision of pursuing excellence in every area of school life. david fredston net worth. Since Sole Source Capital continuously adapted in light of the pandemic, its no surprise that David Fredstons tireless work has been recognized. The new investment Sign up to keep your eye on whats new and next in Dallas-Fort Worth, every day. Scott Sussman was previously an investment Create a biography. in Industrial Engineering from the University of Pittsburgh and received an M.B.A. and M.Eng. Case Summary. Far from being put off, Ms. Gores was intrigued. Mr. Fredston founded Sole Source Capital in 2016 and is responsible for all aspects of the Firms strategy, management, and investment activities. Prior to joining SSC, Mr. Thomas spent ten years with Harris Williams, where he was a Director of M&A in the EPI Group and advised clients across numerous sectors, including infrastructure services, testing, inspection, certification & compliance (TICC), utility services, infrastructure equipment, engineering and construction, business services, and plastics and packaging. It is an incredible honor to have their support and endorsement of, said Hark. opportunities it would pursue. Why? Previously, Mr. Riggs spent six years at Ernst & Young conducting buy-side and sell-side financial due diligence. BREACH OF CONTRACT; ETC. The best way to determine whether Greenhill is right for you is to experience it firsthand. Fredston founded SSC in 2016, and, as managing partner, expands the Sole Source Capital portfolio and works with leading companies. Home David Fredston Raises More Than $200M in Fund II for Sole Source Capital, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. Fund I generated an investment multiple of 1.92x with a net IRR of 105.4 percent. He began his career as a bond trader at Pacific Investment Management Company (PIMCO).
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