Argonne Capital Group Hires Layton Grisette and Bill Weimar

Argonne Capital Group, a nine-year-old, Atlanta, Ga.-based private equity firm, has made two news hires: Layton Grisette as principal, and Bill Weimar as vice president. Grisette joins the firm from the Atlanta-based private equity firm Arcapita, and previously worked for both the Home Depot and Deloitte. Weimar also joined from Arcapita. Before Arcapita, Weimar worked in the leveraged finance group at Banc of America Securities.

PRESS RELEASE:

Argonne Capital Group, LLC, a leading private investment firm, is pleased to announce the hiring of Layton Grisette as a Principal and Bill Weimar as a Vice President.

Mr. Grisette will be focused on new acquisitions and portfolio management, including oversight of Argonne’s recent acquisition of the Krystal Company. Mr. Weimar’s responsibilities will include evaluating new acquisition opportunities, in addition to supporting the firm’s existing investments in over 350 IHOP, Applebee’s, and Stevi B’s Pizza restaurant locations.

“We are very excited about Layton and Bill joining the Argonne team. Their collective experience in sourcing and executing new investments coupled with a track record of hands-on portfolio management experience make them an excellent addition as our firm looks to expand its investment portfolio,” said Michael Klump, President and Founder of Argonne Capital.

Prior to joining Argonne, Mr. Grisette spent over five years with Arcapita Inc., in its Private Equity and Infrastructure business lines working with companies ranging from retail to power generation. Earlier in his career, Mr. Grisette served in business development and valuation roles with The Home Depot and Deloitte. Mr. Grisette holds a BS in Business Administration from the University of North Carolina at Chapel Hill.

Mr. Weimar joins Argonne after two years at Arcapita Inc., a global private equity firm, where he assisted with acquisitions, refinancings and portfolio management in a variety of sectors including retail, logistics and energy. Mr. Weimar was previously in the Leveraged Finance group at Banc of America Securities. Mr. Weimar graduated from Vanderbilt University earning a BA in Economics.

About Argonne Capital Group, LLCArgonne Capital Group is a private investment firm, founded in 2003, based out of Atlanta, GA. Led by Michael Klump, Founder and President, and Karl Jaeger, Managing Director, the firm focuses on the acquisition and growth of positive cash flow businesses primarily in the real estate, restaurant, and retail industries. Argonne’s portfolio includes over 700 Krystal, IHOP, Applebee’s and Stevi B’s Pizza restaurant locations, in addition to investments in RCG Ventures, a leading real estate investment firm, and Azalea Homes, a residential development company.