Genstar Capital Strengthens Management Team - Robert Weltman Promoted to Managing Director, M. Scott Milius Joins Firm as Managing Director
5/23/2002
Contact:
Genstar Capital
Andrea Ginsberg
(415) 664-4680
aginsberg@gencap.com
SAN FRANCISCO, CA, May 23, 2002—Genstar Capital, L.P. (“Genstar Capital”), a private equity firm specializing in equity investments structured as management buyouts or growth financings, today announced that Robert Weltman, who has been with the Firm since 1995, was promoted to the position of Managing Director from Principal. Mr. Weltman helps develop Genstar Capital’s life science investments and was instrumental in the successful realization of Genstar Capital’s investments in two of its portfolio companies, NEN Life Science Products and Panolam International.
The Company also announced that M. Scott Milius will join Genstar Capital as a Managing Director at the end of June. Mr. Milius comes to Genstar Capital from Gryphon Investors, a middle-market private equity firm based in San Francisco, where he was a Principal and a co-founder of the firm. Previously, he was an Associate at Golder, Thoma, Cressey, Rauner, Inc. Mr. Milius will focus on further developing and expanding Genstar’s expertise and investments in the business services sector. Mr. Milius was formerly a director of Provider HealthNet Services, TASQ Technology and Cummins Utility Supply. Mr. Milius earned an M.B.A from Stanford University and a B.B.A. from the University of Michigan.
J-P Conte, Chairman and Managing Director said, “These additions will greatly strengthen an already stellar organization as we continue to explore and invest in new opportunities and plan for future funds. We are bringing on board and promoting professionals who understand our investment discipline. Rob Weltman’s leadership and knowledge base will be integral to the development of Genstar Capital’s investments in both PRA International and BioSource International going forward. With more than eight years of experience investing in leveraged buy-outs, we know that Scott Milius’ proven ability to source and execute transactions will be of great value to Genstar Capital and, in turn, our investors.”
In addition, J-P Conte has been named Chairman of the Firm. Mr. Conte, spearheaded the transition of the firm’s investment focus from investing in basic industries to a more focused strategy investing in higher growth industries including life sciences and information technology.
About Genstar Capital
Based in San Francisco, Genstar Capital is a private-equity investment firm that makes leveraged investments in quality companies. Genstar Capital works in partnership with management to create value over the long term. With more than $400 million of committed capital under management and significant experience operating and investing in businesses, Genstar Capital brings a unique mix of experience to its portfolio companies.
For more information about Genstar Capital, visit www.gencap.com.