Joseph Saldutti Jr. has joined Gridiron Capital as a managing director. He previously was with TDA Capital Partners, where he managed private equity funds.
Gridiron Capital, LLC is pleased to announce the addition of Joseph A. Saldutti, Jr. as Managing Director. Mr. Saldutti has managed buyout and growth capital funds and investments for more than a decade. At Gridiron Capital, he will be responsible for working on the firm’s acquisitions and development efforts. He will also work closely with Gridiron’s portfolio companies on various strategic and operating initiatives.
Mr. Saldutti built a successful investment track record of middle market private equity investments prior to joining Gridiron Capital in 2008. Mr. Saldutti led investments at TDA Capital Partners Inc. which has managed seven private equity funds for more than forty limited partners. Mr. Saldutti became a Principal of TDA in 1997 and President of TDA and its funds’ General Partner in 2002. The majority of Mr. Saldutti’s time at TDA was spent originating, analyzing, closing and managing international buyout investments as lead principal, where intensive operating, financial and strategic involvement was necessary to increase value. After many of the TDA funds’ investments were successfully realized, he founded Head Start Capital to lead selective individual investments in the U.S. Prior to his private equity experience, Mr. Saldutti worked for five years in corporate finance during which time, he successfully led the sale of various operating businesses for an aggregate equity transaction value of more than $700 million. Mr. Saldutti started his career as an engineer and manufacturing manager at General Electric after graduating from Duke University as an electrical engineer. After GE, Mr. Saldutti completed an M.B.A. from Harvard Business School in 1992. Mr. Saldutti has been chairman or member of eight corporate boards and is a volunteer with Kids In Crisis, Harvard Business School Community Partners and Wilton Little League.
Thomas A. Burger, Jr, a Managing Partner at Gridiron said, “Bringing Joe on board gives us another senior person with a long, successful track record in investing and an extensive operating background. We’re excited to have Joe on the team at Gridiron.”
Upon joining Gridiron Capital, Mr. Saldutti said, “This is a great fit because I share Gridiron’s dedication to add value strategically and operationally to our portfolio companies. Most importantly, I’m looking forward to working with the team of people at Gridiron. Excellent people who work hard to create real value in companies is a formula for sustained success, and I’m excited to help Gridiron continue to build on that success.”
Gridiron Capital, LLC, headquartered in New Canaan, Connecticut, is a private equity firm focused on creating value by acquiring and building middle-market manufacturing, service and specialty consumer companies in the United States and Canada. The firm’s principals have historically achieved superior investment returns by employing a combination of strategic, operating and financial experience to provide portfolio companies with competitive advantages. Gridiron’s principals work closely with management teams to develop strategies for portfolio companies, as well as providing resources to execute business plans and build industry-leading companies. Gridiron is currently investing out of its $300 million Gridiron Capital Fund. Additional information about Gridiron is available on the firm’s website at www.gridironcapital.com.