Genstar boosts management team(2)

The San Francisco-based investment firm has named a new managing partner and two new vice presidents.

Genstar Capital has promoted three members of its management team, the firm said in a statement. Darren Gold has been named a managing director, while James Nadauld and Ryan Clark have been appointed vice presidents.

Gold joined the firm in 2000. “He has been closely involved in all aspects of our investment process, including sourcing transactions, expanding Genstar’s executive network, overseeing our investments and developing creative exit strategies for our portfolio companies,” Jean-Pierre Conte, the chairman and managing director of Genstar, said in the statement. He added that Gold will focus on industrial and business services investments.

Before joining Genstar, he was an engagement manager in the corporate finance practice at the global management consulting firm McKinsey and Company. There he focused on mergers and acquisitions, restructurings and private equity deals primarily in the health care and industrial manufacturing and services sectors, the statements aid.

In their new positions as vice presidents, Clark and Nadauld will source and carry out deals at the firm, the statement said. Clark is the director of the Genstar portfolio companies Panolam Industries International, Inc., a Shelton, Connecticut-based company that makes decorative laminates for both residential and commercial use, as well as Fort Dearborn Company, an Elk Grove Village, Illinois-based graphic design and database management company.

Nadauld serves as the director of the Genstar portfolio company OnCURE Medical Corporation, a Newport Beach, California-based owner and operator of radiation treatment therapy centres. He also managed AXIA Health Management, a developer of health and wellness programs. Genstar sold AXIA to Healthways, a solutions provider for hospitals, health plans, employers and healthcare providers, for $450 million in October.

Headquartered in San Francisco, Genstar has approximately $900 million in committed capital under management. The firm focuses on the industrial technology, life sciences, healthcare services and business services sectors. The firm bought publicly traded International Aluminum Corporation, a maker of residential and commercial aluminum materials, for approximately $228 million earlier this week.