Merger Mogul, Cross-Border M&A News, Private Equity Real Estate Alert and Post-Merger Integration News, our free email news alerts
Resilience Expands Team
The capital firm has hired former execs, Michael Lundin and Michael, as operating partners.
August 1, 2008
Resilience Capital Partners hired Michael Lundin and Michael Merriman as operating partners of the turnaround private equity firm.
Lundin is a former president and chief executive officer of Oglebay Norton Co. and Merriman is a former CEO of Lamson & Sessions.
Merriman was CEO of Lamson & Sessions until its sale to Thomas and Betts last year. Lamson & Sessions was a $560 million thermoplastic conduit fittings. Previously, he also was CFO of American Greetings Corporation, a $2 billion greeting cards and party goods company. Prior to this, he was CEO of Royal Appliance Manufacturing Company. Royal Appliance manufactures many vacuum cleaners products, including the Dirt Devil brand.
Prior to Lundin’s position as president and CEO of Oglebay Norton Company, he was president and partner of Michigan Limestone Operations LP, a limestone mining and distribution company. In 2000, he arranged the sale of the firm to Oglebay Norton.
In addition, David Blank, formerly of Morgan Stanley Capital Partners, joined the firm as an investment associate. While at Morgan Stanley, Blank focused on leveraged buyout and M&A for private equity clients. He was a captain and infantry officer in the 82nd Airborne Division of the United States Army and served in Germany, Iraq and Kosovo.
Resilience co-CEO and managing partner Bassem Mansour said, “As our investment portfolio grows across geographic and industry lines, we have made the commitment to add operational and turnaround experts to support our expansion.”
Resilience is a Cleveland, Ohio-based lower mid market firm that works with underperforming companies. The firm was founded in 2001, and has acquired 16 companies with revenue over about $1.5 billion since this time.
For more information on related topics, visit the following:
