Cleveland-based Linsalata Capital Partners has promoted two to managing director and one to principal, the firm said.
Jeffrey Wahl was promoted to managing director and operating partner, Murad Beg to managing director and James Guddy to principal.
Wahl joined Linsalata in 2014, after serving as president and chief executive of EdisonLearning, an international education services provider backed by Liberty Partners, according to Wahl’s LinkedIn profile. Prior to that, he was executive vice president and chief operating officer at Outsourcing Solutions, backed by Madison Dearborn Partners, for three years.
Earlier in his career, Wahl spent 15 years in various positions at GE Capital, and three years as supervising senior accountant at KPMG.
Beg joined Linsalata in 2008 and was a principal prior to his promotion, according to his LinkedIn profile. His responsibilities include portfolio company oversight, intermediary relationships and acquisition searches, the firm said. Prior to joining the firm, Beg worked as a mergers and acquisitions lawyer for 13 years.
Guddy joined Linsalata in 2010 after serving as president for more than four years at Symmetry Advisors, according to his LinkedIn. His responsibilities at Linsalata include acquisition searches, due diligence, negotiations and portfolio company oversight.
Earlier in his career, he had been director of strategy and finance at GrafTech International and manager of transaction support at Ernst & Young.
Founded in 1984 by Frank Linsalata, Linsalata is currently investing capital from its Linsalata Capital Partners Fund VI, a $427 million vehicle raised in 2011, the firm said. In January the fund made its fifth acquisition by purchasing a majority interest in technology-enabled education provider Glynlyon, according to reports.
The fund’s investor base includes Ohio Police & Fire Pension Fund, which committed $25 million, School Employees’ Retirement System of Ohio, which committed $25 million, State Teachers Retirement System of Ohio, which committed $42 million, and Public Employees Retirement Association of New Mexico, which committed $20 million, according to PEI’s Research & Analytics division.
Linsalata manages $1.42 billion in assets, according to PEI Research & Analytics.