KarpReilly has promoted Andrew Keating to partner, Rich Reuter to vice president and Drew Skolnik to senior associate. Keating first joined the consumer-focused private equity firm in 2007 while Reuter came on board in 2012. And, Skolnik joined KR in 2014.
KarpReilly, LLC (“KR”), a leading consumer focused private equity investor, is pleased to announce the promotion of Andrew Keating to Partner, Rich Reuter to Vice President and Drew Skolnik to Senior Associate.
Since joining KR in 2007, Andrew has worked with a number of KR’s investments including Bob’s Discount Furniture, Habit Burger Grill and Trina Turk, among others. He has played an influential role conducting due diligence and monitoring/ exiting portfolio investments. In 2010, Andrew was promoted to Chief Operating Officer and has focused his time on the administration and operation of the KarpReilly Funds. In addition, Andrew has worked significantly on leveraging the purchasing power of KR’s portfolio through collaborative sourcing deals to create value for the KR Funds.
“Andrew’s dedication to KarpReilly and our portfolio companies has been a significant factor in KR’s success. We believe that collaborating and optimizing our portfolio has both a meaningful impact on each respective business and our overall Fund returns. We look forward to Andrew’s valuable contribution to KR as a Partner.” said Chris Reilly, a founder of KarpReilly.
Since joining KR in 2012, Rich, a CFA® charterholder, has worked with a variety of KarpReilly’s investments including Bob’s Discount Furniture, Sprinkles, Burger Lounge, Stio, Taylor Gourmet and Y7, among others. He has played a significant role sourcing transactions, conducting due diligence and monitoring/ exiting portfolio investments. Prior to joining KR, Rich was with Barclays Capital in the Global Real Estate and Hospitality Investment Banking Group, where he advised domestic and international clients on potential mergers, acquisitions and capital raisings.
Since joining KR in 2014, Drew has worked with a variety of KarpReilly’s investments including Cafe Rio, Cafe Zupas, Eureka!, Habit Burger Grill, LifeAID, RAEN and Zola, among others. He has played a significant role in deal execution, conducting due diligence and monitoring / exiting portfolio investments. Prior to joining KR, Drew was with Evercore in the Consumer & Retail Investment Banking Group, where he advised clients on a variety of M&A, joint venture and IPO opportunities.
KarpReilly, LLC is a private investment firm, founded by Allan Karp and Chris Reilly, whose primary mission is to partner with premier small to mid-size growth companies and help them achieve their long-term vision. KarpReilly currently manages funds and affiliates with capital commitments in excess of $500 million. Over the past 10 years, the principals of KarpReilly have invested in, sat on the boards of and nurtured over 25 growth companies. For more information, please visit www.karpreilly.com.