Reeve B Waud

Bio

Mr. Waud has invested in a wide variety of industries including healthcare services, business and consumer services, specialty distribution, and value-added manufacturing. He has founded or co-founded eleven companies that have become top ten in their respective industries including: the largest private adhesives company in the United States; the largest distributor of petroleum products for commercial and industrial use in the country; the third largest long-term acute care hospital group; the third largest hospitalist management company; the fifth largest home infusion company; the tenth largest behavioral health company; and the tenth largest security monitoring company. Prior to founding Waud Capital Partners in 1993, Mr. Waud was an investment professional at Golder, Thoma, Cressey, Rauner, Inc. (GTCR), a private equity investment group based in Chicago. At GTCR, Mr. Waud had investment responsibility for a wide range of portfolio companies that were built through more than thirty acquisitions. These included: Barefoot Grass, the nation’s second largest lawn care company; DIMAC, the largest vertically-integrated direct mail marketing company in the U.S.; Energy Transfer Partners, L.P. (formerly Heritage Propane Partners, L.P.), the nation’s fourth largest propane retailer with more than $1 billion of EBITDA and third largest Master Limited Partnership; and PTN Holding Corporation, a leading publisher of trade magazines. Before joining GTCR, Mr. Waud was in the Corporate Finance Group of Salomon Brothers, Inc, and was a founding member of its Venture Capital Group. Mr. Waud serves on the Board of Directors of Northwestern Memorial Foundation, the philanthropic arm that supports the fundraising, grant-making and stewardship activities of Northwestern Memorial HealthCare (NMHC). He is a member of the NMHC Finance Committee, which in additional to overseeing the financials of NMHC and its approximately $3 billion capital budget, has responsibility for a $2.5 billion endowment including more than $500 million in private equity, venture capital, real estate and other alternative investments. Reeve Waud is the Founder and Managing Partner of Waud Capital Partners, a private equity firm based in Chicago, Illinois, with approximately $1 billion of capital under management. Over Mr. Waud’s twenty-five year private equity career, he has acquired more than 135 companies. Today, Waud Capital’s portfolio companies have revenues of approximately $4 billion and more than 7,000 employees. In addition, he has oversight and shares investment responsibility for an additional $4 billion of investments. Currently, Mr. Waud serves as the controlling shareholder and/or Chairman of the Board of Acadia Healthcare, Advanced Reimbursement Management, Aquion Partners, CarePoint Partners, Maxum Petroleum, True Partners Consulting, and Whitehall Products. Mr. Waud holds a B.A. in Economics from Middlebury College and an M.B.A. from the Kellogg School of Management at Northwestern University.