Avondale Partners adds Hagerty to advisory board

Avondale Partners has named William F. Hagerty to its advisory board. Hagerty is the former Tennessee Commissioner of Economic Development under Governor Bill Haslam. Currently, Hagerty is managing director and co-founder of Hagerty Peterson & Company, a merchant bank and private equity firm.


NASHVILLE, Tenn., Dec. 3, 2015 /PRNewswire/ — Avondale Partners has announced that William F. (Bill) Hagerty, former Tennessee Commissioner of Economic Development under Governor Bill Haslam, has joined the firm’s Advisory Board, according to ­­­­­­­­­­­­­­­­­Pat Shepherd, Avondale CEO.

Hagerty is Managing Director of Hagerty Peterson & Company, LLC, a merchant bank and private equity investment firm that he co-founded. He served as a state Commissioner through January of 2015, running the department responsible for jobs, industry and economic growth for Tennessee. During his tenure, his team executed some 700 transactions, securing commitments for more than $15 billion in capital investment and 90,000 jobs. He also chaired the Launch TN Board, which is the state of Tennessee’s vehicle to support early stage investment in Tennessee companies.

Before opening his own firm, Hagerty held numerous positions in both the public and private sectors. He began his career with global consultancy at The Boston Consulting Group (BCG), where he worked on five continents, with a broad range of clients in the Health Care, Financial Services, Consumer Products, Media and Technology sectors. He left BCG to serve on the White House Staff where his portfolio included international trade, commerce, treasury, defense and telecom. Hagerty presently serves on the Board and chairs the Governance Committee of R.J. O’Brien, the nation’s largest independent futures and commodities merchant.

“Bill brings an exceptional range of experience in Tennessee and many parts of the world to our Advisory Board,” Shepherd said. “His leadership and energy produced outstanding results for the economic health of Tennessee, and his insights have made him a valuable part of many companies and institutions. We are delighted to enhance our strong Advisory Board with the addition of Bill.”

Hagerty joins standing board members William F. “Bill” Carpenter, James Cheek, III, Thomas Frist, Jr., Joel Gordon, James Mahoney, Jr., Edward Mathias, Ken Melkus, Raymond Pirtle, Brent Turner and Timothy Weglicki.

A native of Tennessee, Hagerty attended Vanderbilt University, graduating Phi Beta Kappa with a degree in Economics. He went on to Vanderbilt Law School as a Wilson Scholar and was elected to the Law Review, where he served as Associate Editor.

Avondale Partners is a Nashville-based employee-owned investment banking and asset management firm nationally known for healthcare expertise and for offering comprehensive investment banking transaction and advisory services to both public and private middle market companies. More information is available at www.avondalepartnersllc.com.