Reeve Waud is the Founder and Managing Partner of Waud Capital Partners. Over Mr. Waud’s twenty-two year private equity career, he has acquired more than 120 companies and achieved a compounded annual return in excess of 50% on invested capital.  Today, Waud Capital’s portfolio companies have revenues of approximately $4.5 billion and more than 7,000 employees. In addition, he has oversight or shares investment responsibility for an additional $5 billion of investments.

Mr. Waud has invested in a wide variety of industries, including healthcare services, business and consumer services, specialty distribution and value-added manufacturing. His investment history includes founding or co-founding: the largest private adhesives company in the United States; the largest distributor of petroleum products for commercial and industrial use in the country; the fifth largest long-term acute care hospital group; the third largest hospitalist management company; and the eleventh largest security monitoring company.

Currently, Mr. Waud serves as the controlling shareholder and/or Chairman of the Board of Acadia Healthcare, Alarm Security Group, Aquion Partners, Hospitalist Management Group, Maxum Petroleum, Regency Hospital Company, True Partners Consulting, and Whitehall Products.

Prior to founding Waud Capital Partners, Mr. Waud was an investment professional at Golder, Thoma, Cressey, Rauner, Inc. (GTCR), a private equity investment group based in Chicago. At GTCR, Mr. Waud had investment responsibility for a wide range of portfolio companies.  All were built through more than thirty acquisitions, including: Barefoot Grass, the nation’s second largest lawn care company; DIMAC, the largest vertically integrated direct mail marketing company in the U.S.; Energy Transfer Partners, L.P. (formerly Heritage Propane Partners, L.P.), the nation’s fourth largest propane retailer with more than $1 billion of EBITDA and third largest Master Limited Partnership; and PTN Holding Corporation, a leading publisher of trade magazines.

Before joining GTCR, Mr. Waud was in the Corporate Finance Group of Salomon Brothers Inc and was a founding member of its Venture Capital Group.

Mr. Waud serves on the Board of Directors of Northwestern Memorial Foundation. He is a member of Northwestern Memorial HealthCare’s (NMHC) Subcommittee on Alternative Investments, which manages more than $500 million in private equity, venture capital, real estate and other alternative investments, and he also serves as a member of the NMHC Investment Committee, which oversees a $2.2 billion endowment.

In addition, Mr. Waud serves on the Board of Directors of Baytree Bancorp and as an advisor to Green Courte Partners.  He is an officer of The Commonwealth Club of Chicago and a member of The Economic Club of Chicago where he serves on the Membership Committee.  Additionally, Mr. Waud is a trustee of the John G. Shedd Aquarium and a member of the Regional Selection Committee of the President’s Commission on White House Fellowships.

Mr. Waud holds a B.A. in Economics from Middlebury College and an M.B.A. from the Kellogg School of Management at Northwestern University.

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