Rosemont, Illinois-based Wynnchurch Capital LP has named Michael Salgat as a managing director focused on operations and portfolio management. Also, the middle-market private equity firm hired Jerry Gao as a senior associate.
Prior to joining Wynnchurch, Salgat was an operating partner at New State Capital Partners focused on financial leadership at portfolio companies. Salgat began his career as an investment banker at Candlewood Partners and Donnelly Penman & Partners. He later served as chief financial officer at Sipi Metals Corp and vice president of strategy and finance at Tecumseh Products Company.
And, Gao is a former associate at Palladium Equity and an ex-financial analyst at Houlihan Lokey.
Salgat has a B.S. in finance at John Carroll University while Gao recently completed his MBA at The Wharton School of the University of Pennsylvania.
Founded in 1999, Wynnchurch currently manages $4.2 billion of committed capital, according to the firm.