CHICAGO – (BUSINESS WIRE) – Sep 16, 2021–
Shore Capital Partners, (“Shore” or “the Company”), a strategic private equity firm focused on micro-capitalizations investing in the healthcare, food and beverage, business services and real estate sectors, with offices in Chicago and Nashville, announced today Brad morehead joined the firm as a partner and head of the firm’s business services fund.
In his role, Morehead will continue the company’s strategy of deploying industry-focused funds. He is responsible for partnering with business service entrepreneurs and companies with EBITDA of $ 1M to $ 10M to drive transformational growth. Morehead will lead partnerships and transactions, including investment research and appraisal, deal structuring and business development. Within Business Services, the team will initially target Pest Control, Managed Service Providers, Outsourced Retirement / Benefits Services, Distribution / Logistics, Fire and Life Safety Services, insurance brokerage and distribution, pool maintenance services, remediation and environmental / disaster services, and RIA.
“I am pleased to welcome Brad to the Shore team,” said Justin Ishbia, Managing Partner. “Brad’s impressive track record and deep understanding of business services will be a key driver of our growth. His entrepreneurial and leadership experience, coupled with his passion for partnering with founders, is the focus of our corporate strategy to support large small businesses with oversized investments, operational and network resources to reduce investment risks and accelerate success. We look forward to what Brad will accomplish in adding to our current portfolio of 27 companies, encompassing 17,000 employees. “
“I am delighted to join the Shore team to lead the company’s commercial services efforts,” said Morehead. “Shore provides more than capital to small businesses; we are a true partner for entrepreneurs and let’s roll up our sleeves. Shore is used to helping micro-capitalized companies grow into regional and national powers. I am delighted to partner with entrepreneurs to take their businesses and wealth to the next level by supporting businesses with the human resources, capital, tools, technology, recruiting and operational resources of a Fortune company. 500. “
Prior to joining Shore, Morehead was CEO of Assembly Health, a technology-driven management services organization focused on clinicians and facilities providing geriatric and post-acute care. Prior to assembly, Morehead was CEO of LiveWatch, where he and his team made LiveWatch one of the fastest growing security companies in the country before successfully leaving the company. Prior to LiveWatch, Morehead was CFO of Feldco Factory Direct, the Midwest’s leading home improvement company.
Morehead previously worked for Friedman Fleischer & Lowe, a San Francisco-based private equity firm, and in investment banking with Goldman Sachs (New York) and Donaldson, Lufkin & Jenrette (Chicago). He sits on the board of directors, was a founding investor or was part of the start-up team of various other companies in industries ranging from financial services to consumer products. Morehead sits on the boards of Point C, Assembly Health, Tandem HR, Sidekick, RecordConnect and MHW. In addition, he has been an Assistant Professor of Entrepreneurship and a ten-year faculty member at the Kellogg School of Management and Northwestern University.
Shore Capital Business Services Partners Fund I (“BS Fund I”) focuses on making control equity investments in B2B and B2C companies providing IT and technology services, compliance and risk management, services environmental and waste, installation and field services, financial services and payment services, distribution and logistics services and professional services. BS Fund I surpassed its original target of $ 150 million and raised $ 213 million from existing investors in the company, as well as selected new limited partners.
About Shore Capital Partners
Shore Capital, a Chicago-based private equity firm with offices in Nashville, focuses on micro-capitalized investments in the healthcare, food and beverage, business services and real estate industries. Shore supports management partners with capital, business development expertise and industry knowledge to accelerate growth, fund acquisitions and generate shareholder value. Shore targets investments in proven and successful private companies with superior management teams, stable cash flow and significant growth potential, including organic growth and growth through industry consolidation. Shore has $ 2 billion in equity under management through various investment vehicles. For more information, please visit: www.shorecp.com.
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CONTACT: Jordan Niezelski
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: TECHNOLOGY CONSTRUCTION AND REAL ESTATE FINANCING OTHER TECHNOLOGIES PROFESSIONAL SERVICES FOOD / BEVERAGE GENERAL HEALTH HEALTH OTHERS CONSTRUCTION AND PROPERTY RETAIL TRADE
SOURCE: Shore Capital Partners
Copyright Business Wire 2021.
PUB: 09/16/2021 9:00 a.m. / DISC: 09/16/2021 9:02 a.m.
Copyright Business Wire 2021.