Ironwood Capital said Monday it made the following senior level promotions: Alex Levental to MD, Zachary Luce to CFO and Paul Witinksi to director. Avon, Connecticut-based Ironwood makes non-control growth investments in middle market companies.
AVON, CONNECTICUT, March 9, 2015 – Ironwood Capital is pleased to announce the promotions of Alex Levental, Zachary Luce and Paul Witinski to senior level positions within the firm: Levental to managing director, Luce to chief financial officer and Witinski to director.
“We are delighted to recognize the hard work and commitment of Alex, Zach and Paul. They have played important roles in the growth of our business and are very much a part of our future,” stated Ironwood Capital President Marc A. Reich.
“Their expertise and capabilities enhance our ability to serve our clients,” explained Carolyn C. Galiette, senior managing director, Ironwood Capital. “We’re fortunate to have such a talented team.”
Alex Levental, Managing Director
Alex’s primary responsibilities include deal origination, structuring and execution, industry research and portfolio management. Prior to joining Ironwood Capital in 2005, Alex was a Vice President of Market Development and Strategic Planning for CCA Global Partners. He started his career with Morgan Stanley & Co. as a financial analyst and later was an associate with Advent International. Alex is a member of the Board of Directors for Merrill Industries and a board observer at DocuLynx, Katahdin Industries, Dancing Deer, Capewell Aerial Systems and Elite One Source Nutrisciences. He holds a B.A. in Economics and Russian Literature from Colby College and studied at the London School of Economics.
Zachary Luce, Chief Financial Officer
Zach is responsible for financial management and controls, external financial and regulatory reporting and limited partner reporting. Zach has additional responsibilities in the development and management of internal systems and controls, cash management, and support of overall portfolio management. Prior to joining Ironwood Capital in 2010, Zach worked for seven years as an auditor in public accounting with McGladrey and CCR LLP, with a focus on financial institutions, not-for-profits organizations, manufacturers and employee benefit plans. Zach graduated cum laude with a Bachelor of Science degree in Accounting and also obtained his Master of Science in Accounting from the University of Connecticut.
Paul Witinski, Director
Paul is responsible for investment opportunity analysis and portfolio company monitoring, including analysis of market and competitive trends, identifying business development and growth strategies, and assessing exit opportunities. He joined Ironwood Capital in 2012 from McKinsey & Company, where he consulted primarily on operations and supply chain management. Prior to graduate school, Paul was an engineer at General Motors and is a licensed professional engineer. Earlier in his career, Paul served for six years as a nuclear reactor operator in the U.S. Navy. He graduated with honors from the University of Rochester and holds graduate engineering degrees from the University of Rochester and the Massachusetts Institute of Technology as well as an M.B.A. from the MIT Sloan School of Management.
About Ironwood Capital
With over $500 million of capital under management, Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies. The firm takes a simple, straightforward approach in providing profitable, well-managed companies with growth and transition capital coupled with strategic, operational and financial guidance. With over 25 years of middle market experience, Ironwood invests in the form of subordinated debt and preferred stock in amounts ranging from $5 million to $20 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts. For more information, please visitwww.ironwoodcap.com.