Caruth Capital Partners LLC has named David Webb as a partner and a member of the firm’s investment committee. Previously, he worked at SunTx Capital where he was a leader in developing its media and infrastructure businesses.
DALLAS, Oct. 2, 2018 /PRNewswire/ — Dallas-based private equity firm Caruth Capital Partners, LLC (“Caruth”) today announced that David Webb has joined the firm as a Partner and a member of the firm’s investment committee. In his new role, Mr. Webb will work with the Caruth team to identify and evaluate potential investment opportunities, negotiate and structure transactions and facilitate post-acquisition growth strategies through active engagement with management teams.
Mr. Webb has 20 years of investment experience and was most recently at SunTx Capital Partners, where he played a leadership role in the development of its media and infrastructure businesses, both of which involved supporting talented management teams with the strategic and financial capital to build market-leading franchises. Previously, Mr. Webb worked in the investment banking divisions of several leading firms including UBS, DLJ, and Montgomery Securities and the private markets group of Wilshire Associates.
Tim Wegener, a Co-Founder and Partner of Caruth Capital Partners, commented, “I am thrilled that David has chosen to join the Caruth team. The addition of a senior professional of David’s caliber reflects the momentum of our business and his background and experience perfectly complements our team. Proprietary transaction sourcing is a key part of our strategy and David’s addition significantly broadens our network of relationships. And his investing and operating insights will be invaluable to the Caruth Capital team, our CEO partners, and all of our stakeholders.”
Ben deTar Wilhite, a Co-Founder and Partner of Caruth Capital Partners, also commented, “Having previously worked alongside David for the better part of a decade, we could not be more excited to have him on the team. Having David will only further enhance our reputation and market profile — and he will most certainly be a ‘force multiplier’ at Caruth Capital Partners.”
David Webb said, “Caruth Capital is off to an incredible start, which is obvious from the number and quality of transactions completed in just their first year, but just as impressive to me are the relationships they have cultivated: from CEO-talent seeking to partner to the ‘smart money’ that is showing up in their deals. Hats off to Ben and Tim as they have demonstrated why ‘classic’ lower middle market private equity investing continues to be so compelling. I look forward to working with them as they continue to build this franchise.”
About Caruth Capital Partners, LLC
Founded by two career private equity professionals, Caruth Capital Partners, LLC (“CCP”) is a private equity firm headquartered in Dallas. The founders of CCP have invested and operated in more than 100 businesses across a wide variety of industries.
CCP looks to acquire interests in lower-middle market businesses and partners with management to accelerate growth and meaningfully improve operations through disciplined value-creation methodologies.
Since its founding in 2017, Caruth Capital Partners has completed investments in specialty logistics, financial technology, outdoor advertising, and consumer packaged goods.