BETHESDA, Md. Oct. 20 /PRNewswire/ -- American Capital (Nasdaq:ACAS) announced that it has opened a Chicago office, its second new office in two months. The office will be led by Gordon O'Brien and Mark Schindel, who have joined American Capital as Principals.
``We are continuing our strategy of hiring top-caliber individuals and creating a team of Principals who know the markets and business community in all regions of the country. We believe this commitment to local markets brings us closer to our portfolio companies, giving them greater comfort, and allows us to make fast, responsive, and informed lending and investing decisions,'' commented American Capital Chairman and CEO Malon Wilkus. Prior to joining American Capital, Gordon O'Brien was Vice President and Mark Schindel was Managing Director at Pennington Partners & Company, a private equity firm with $90 million under management. As Vice President, Mr. O'Brien was responsible for structuring private equity investments, conducting due diligence, negotiating debt agreements and managing portfolio companies. Prior to his tenure at Pennington Partners, Mr. O'Brien was an Associate at Golder, Thoma, Cressey, Rauner, Inc., a private equity firm with $700 million under management. Mr. O'Brien has participated in over $250 million of transactions including investments in the funeral home, food service, institutional pharmacy, logistics and cable and wire industries. Mr. O'Brien holds a graduate degree in business from the University of Chicago and an undergraduate degree from the University of Pennsylvania, Wharton School of Business.
As Managing Director at Pennington Partners, Mr. Schindel was responsible for negotiating and managing private equity deals in a variety of service businesses, including healthcare services, distribution, business-to-business services and food services. Prior to joining Pennington Partners, Mr. Schindel was an Associate at Golder, Thoma, Cressey, Rauner, Inc. At GTCR, Mr. Schindel completed transactions in the staffing services industry, conducted due diligence reviews for potential investments, and negotiated settlements with troubled companies. Mr. Schindel has been involved in transactions totaling over $350 million in financing. He holds a Masters in Management from the J.L. Kellogg Graduate School of Management at Northwestern University and a Bachelor of Science in Finance from the University of Illinois.
American Capital Executive Vice President Adam Blumenthal commented, ``We could not be more delighted about the direction American Capital is headed. Our staff is growing, we have become geographically diverse, and the experience of individuals American Capital is attracting speaks volumes about our reputation as a quality firm. While we already have a substantial portfolio of investments in the Midwest, we are confident that with the addition of Mark and Gordon to our team we will be making a significant number of additional senior, subordinated debt, and equity investments in that region.''
Mr. O'Brien and Mr. Schindel can be reached at 312-697-4919. The office is located at: 311 South Wacker Drive, Suite 4550, Chicago, Illinois 60606. Fax numbers are 312-697-4917 or 312-697-4916. American Capital also has offices in Bethesda, MD; New York City; Boston, San Francisco, Dallas and Pittsburgh.
American Capital is a buyout and specialty finance company with capital resources exceeding $150 million. American Capital invests $1 to $20 million in the form of senior debt, subordinated debt and equity to middle market companies in need of capital for growth, acquisitions, employee buyouts, management buyouts, liquidity and restructurings. Companies interested in learning more about American Capital and its unique and flexible financing should contact John Hoffmire, Vice President of Sales and Marketing, at 781-862-4447 or visit the ACAS Web site.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements regarding expected results of American Capital Strategies are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional or national economic conditions, or changes in the conditions of the industries in which American Capital has made investments.
