NEW YORK, May 14, 2018 (GLOBE NEWSWIRE) -- Seaport Capital, a New York-based private equity firm, announced today that Andrew (“Drew”) J. Meyers has rejoined the firm as a Partner, effective May 1. Alongside Bill Luby, Jim Collis, Scott McCormack and Bob Tamashunas, Meyers will assist in leading the firm’s investment strategy and overseeing the firm’s investment portfolio. Seaport Capital is currently investing from Seaport Capital Partners V, a $230 million fund that had a final close in September 2017.
Bill Luby, one of Seaport’s Founders, said, “We are excited to welcome Drew back to the Seaport team. His understanding of our approach to investing and the firm’s culture, coupled with an extensive track record complements our existing team well. Scott, Bob, Jim and I have all known Drew for at least 15 years and believe his rejoining the firm is additive to the outstanding investment team in place today.”
“Drew is an experienced private equity partner with considerable business and investment expertise who has stayed close to Seaport professionally and personally over the years. We saw a unique opportunity to bring on a senior investment professional whom we all respect and who could be immediately productive in our efforts to deploy Fund V in opportunities that fit the criteria we promised to our LPs,” said Scott McCormack, one of Seaport’s partners. “He also brings an extensive range of relationships which will enhance our deal flow and overall firm visibility in the lower middle market.”
“It is truly an honor to rejoin the team at Seaport Capital whom I have known for many years,” said Meyers. “Their excellent track record and patient approach to investing is uniquely suited to the lower middle market and the companies with whom they partner. I am excited to help continue their work of investing our partners’ capital in the most attractive opportunities possible and building an enduring firm.”
Mr. Meyers is a seasoned private equity executive with over fifteen years of experience. His prior tenure with Seaport spanned from 2001 to 2007. Before rejoining Seaport Capital, he spent nearly five years with Gryphon Investors, a top performing middle market private equity fund currently managing over $1 billion in private equity investments. Prior to Gryphon, he was a partner at GroupArgent (now known as Results International Group LLP) helping to lead that firm’s principal investing efforts.
ABOUT SEAPORT CAPITAL
Founded in 1997, Seaport Capital invests in middle market companies with recurring revenue business models in the communications, business services and media sectors. Seaport works with talented management teams to create valuable companies that are leaders in their market segments. Seaport's extensive investing experience enables it to develop successful strategies; its relationships and resources help achieve them.
For additional information, visit www.seaportcapital.com.
Annie Gladue
Jedemi Communications for Seaport Capital
415-302-8990
Annie@jedemi.com
Scott McCormack
Partner
Seaport Capital
212-847-8911
smccormack@seaportcapital.com