Founder Of Successful Companies To Assist Genstar Broaden Its Investment
Focus In Canada
SAN FRANCISCO, Aug. 1 /CNW/ -- Genstar Capital, LLC, a middle market
private equity firm that focuses on investments in selected segments of life
science and healthcare services, industrial technology, business services and
software, today announced the appointment of Kevin T. O'Leary to the firm's
Strategic Advisory Board (SAB). Mr. O'Leary, a leading entrepreneur and
co-founder of successful companies in Canada, will assist Genstar as it
continues to invest in Canada.
"Kevin is a true entrepreneur who knows what it takes to start and grow
businesses, having successfully built companies in two different industries,"
said Richard F. Hoskins, Managing Director of Genstar. "We have been very
active in Canada over many years and we believe that there continue to be rich
investment opportunities to pursue there. We are pleased that Kevin is now
associated with Genstar and we hope to greatly benefit from his expertise and
outstanding insights as we identify and build on our successful investment
history in Canada."
In 1986, Mr. O'Leary co-founded SoftKey Software Products, a leading
Toronto-based provider of software for family education and entertainment.
SoftKey later became a catalyst of consolidation in the software industry,
acquiring such companies as Compton's New Media, The Learning Company and
Broderbund. Mr. O'Leary helped to grow the company into the world leader in
the development of educational, reference, and home productivity software,
with annual sales of over $800 million, 2,000 employees and subsidiaries in 15
countries. SoftKey later changed its name to The Learning Company and was
acquired by The Mattel Toy Company in 1999. In 2003 Mr. O'Leary again created
a new company, co-founding Storage Now, Canada's leading developer of climate
controlled storage facilities for technology and pharmaceutical companies,
serving such companies as Merck & Co., Inc., Pfizer, Inc., and Johnson &
Johnson. He attended the University of Waterloo in Ontario, obtaining an
Honors Bachelors degree and later received his MBA from the University of
"I am pleased to partner with Genstar as we identify high quality
investment opportunities in Canada. Working together, I am confident we will
implement strategic initiatives that will create long-term growth in those
businesses. I look forward to working with the entire Genstar team to achieve
Genstar Capital's formation is traced to Canada and it has a successful
history of investing in Canadian based companies, most recently with Edmonton-
based North American Energy Partners, Inc., a leading energy services company
providing civil construction services to major oil and gas companies
developing the oil sands of Alberta. Genstar completed its investment in NAEP
in 2003 and led its successful IPO in November 2006.
Genstar's SAB includes influential senior executives who are current or
former leaders of major corporations. In addition to Mr. O'Leary, the Genstar
SAB includes former executives from companies including Pharmacia & Upjohn,
Inc., CNA Insurance Companies, ITT Corporation, Deere & Co., Axia Health
Management, MedImmune, Inc., Wild Oats Markets, and NEN Life Science Products.
Genstar also recently strengthened its team of operating partners with
the appointment of Perry D. Odak as Operating Partner. Mr. Odak served as
Chief Executive Officer of Wild Oats Markets Inc. and advises Genstar in the
areas of consumer products and industrial technology related investments.
Recently appointed operating partner Edmund M. Carpenter helps identify
investment opportunities in the industrial technology sector. Mr. Carpenter
served as Chief Executive of several leading industrial corporations, most
recently as CEO of Barnes Group, Inc.
About Genstar Capital, LLC
Based in San Francisco, Genstar Capital (www.gencap.com) is a private
equity investment firm that makes leveraged investments in quality middle-
market companies. Genstar Capital works in partnership with management to
transform its portfolio companies into industry-leading businesses. With more
than $3 billion of committed capital under management and significant
experience investing in businesses, Genstar focuses on selected segments of
life science and healthcare services, industrial technology, business services
and software services.
For further information:
For further information: Chris Tofalli, +1-914-834-4334, for Genstar
Capital Web Site: http://www.gencap.com