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Adelman, AEG Partners’ co-founder, passes away

Lawrence “Larry” Adelman, who co-founded AEG Partners in 2000, passed away on May 12 from MDS-related complications. Adelman, who was 69, was an AEG principal and founding partner. He is survived by his wife, Carol, and his children Lisa (Adam) Kaplan, and Ryan (Kassin) Adelman, and four grandchildren, Max, Ella, Sara and Ava. Chicago-based AEG, an investment bank, focuses on middle market companies.


Lawrence “Larry” M. Adelman, a founding partner and principal of AEG Partners, passed away on May 12, 2015 after a valiant fight against MDS. He was 69.


Larry was integral to the growth of AEG Partners, a firm he co-founded in 2000. He helped expand the firm’s business lines from turnaround and restructuring services, to a range of business advisory offerings, including the launch of a new capital markets affiliate, AEG Capital, of which Larry served as a board director. He had a long and distinguished career, holding numerous CEO and board positions across a range of industries.


“We are deeply saddened by the loss of our friend and partner,” shared Craig S. Dean, principal at AEG, who joined Larry shortly after the firm’s founding. “Larry was a brilliant businessman. Far more defining than his many professional accomplishments, Larry will be remembered best for the difference he made in other people’s lives. He was an inspiring leader and a remarkable human being who will be missed greatly by many.”


A champion of many causes, Larry generously gave his time and leadership to numerous civic and professional organizations. One closest to his heart was the American Jewish Committee (AJC). He served as President of the AJC Chicago Board, was elected to the Board of Governors, and later became Vice Chair of the national Regional Offices Committee. Last year, he became a member of the board of AJC’s Transatlantic Institute (TAI), where he chaired its 10th Anniversary mission to Brussels, leading a delegation of 50 to help raise the prominence of TAI. He also served on numerous other local and national committees and participated in several AJC national leadership programs.


Larry was a committed member of American Friends of NATAL, the Writers Theatre, and for over 30 years was involved in Congregation Solel, where he served on the board and as an officer. Professionally, he was active in the National Association of Corporate Directors, the American Bankruptcy Institute and the Turnaround Management Association, where he was a long-time member and served as the Chicago/Midwest Chapter’s third president, holding the title for two terms. Additionally, he was a member of Lake Shore Country Club and The Standard Club.


Above all else, Larry cherished his family and was a caring father, grandfather, husband and friend. Larry is survived by his loving wife, Carol, nee Appelman, his children Lisa (Adam) Kaplan, and Ryan (Kassin) Adelman, and four grandchildren, Max, Ella, Sara and Ava.