8820 Columbia 100 Parkway, Suite 400
Columbia, Maryland 21045
410.884.1960 phone
410.884.1457 fax
parkerdavis@jpbcapital.com
J.P. Bolduc
Senior Managing Director, CEO
James R. Bolduc
Managing Director
Gregory C. Carey
Managing Director
J. Parker Davis
Managing Director
Raymond D. Sweet
Chief Financial Officer
Norwood H. Davis
Senior Managing Director, Advisor
We have assembled a group of private equity professionals who possess extensive investment and operating experience in private equity transactions to assist, monitor and service our investors and portfolio companies. Simply put, our staff brings trust, performance and value to each and every transaction. Our team members have operating experience as senior executives and as board representatives of a wide range of companies, including publicly traded corporations, private enterprises backed by private equity capital, and start-up concerns. Our team members have raised both debt and equity capital and executed mergers and acquisitions for their own companies, portfolio companies and corporate clients. Collectively, our team has more than 150 years of proven experience in executing each step of a successful private equity investment including identifying acquisition candidates, assessing their profit potential, valuing the underlying business, structuring the transaction, managing the company's operations for profitable growth, and planning and executing a strategic exit. More specifically, the collective talents and experience of our staff include:
Mr. Bolduc is the founder and CEO of JPB Enterprises, Inc and is the Senior Managing Director and CEO for JPB Capital Partners II. Prior to forming JPBE, Mr. Bolduc was President and Chief Executive Officer of W.R. Grace & Co. ("Grace"), a Fortune 100 company, and, President and CEO of J.A. Jones, Inc., a multi-national, multi-billion dollar engineering and construction firm. During his more than 35-year business career as an executive officer, entrepreneur, private equity investor, and board member, Mr. Bolduc has been involved in more than 200 acquisitions and divestitures.
Prior to his management positions at Grace, Mr. Bolduc was a Vice President and Partner at the global management and technical consulting firm of Booz-Allen & Hamilton, Inc. and a presidential appointee to three U.S. Presidentsserving as the Assistant Secretary of Agriculture under Presidents Nixon and Ford, and from 1982 to 1985, serving as the Chief Operating Officer for President Reagan's Private Sector Survey on Cost Control (the "Grace Commission"). As COO of the Grace Commission, Mr. Bolduc led the efforts of 161 prominent business leaders (consisting almost entirely of Fortune 500 CEOs) and more than 2,000 private sector business leaders in a study focused on identifying managerial and operational cost savings opportunities, as well as revenue enhancement initiatives in federal government operations. President Reagan also appointed Mr. Bolduc to lead his Task Force on Food Assistance in 1983.
In 1990, Mr. Bolduc partnered with William E. Simon, Sr., the former U.S. Secretary of the Treasury and Chairman of Wesray, to form Catterton-Simon Partners ("CSP"), a Greenwich, Connecticut-based private equity firm focused on the consumer products industry. Mr. Bolduc served as a general partner of CSP's first three private equity funds.
Mr. Bolduc serves as chairman and director of numerous social, civic and government boards and commissions and is or has been a director of several privately held and public corporations, including W.R. Grace, Unisys Corporation, Management Consulting Group PLC, J.A. Jones, Inc., EnPro Corporation, Newmont Gold Corporation, Sundstrand Corporation, the Columbia Bank, Marshall & Ilsley Corporation, and Lance Inc. Mr. Bolduc is a trustee of the William E. Simon Graduate School of Business at the University of Rochester,is on the Advisory Council for Graduate Studies and Research at the University of Notre Dame School of Graduate Studies, and serves on the Board of Directors of Hospice of Baltimore. Mr. Bolduc earned a Bachelor of Science degree in Accounting from St. Cloud State University in Minnesota.
Mr. Bolduc joined JPBE in 1997 and has been the principal architect of the JPBE private equity portfolio. He is a Managing Director for JPB Capital Partners II. Prior to joining JPBE, Mr. Bolduc was an Associate in the Investment Banking Group of Merrill Lynch. During his tenure at Merrill Lynch, Mr. Bolduc led or participated in a myriad of acquisitions, divestitures, and equity and debt public offerings with an aggregate value in excess of $25 billion. Prior to working at Merrill Lynch, he served as a Management Associate with the venture capital subsidiary of Marshall & Ilsley Corporation (now called Mason Wells).
Currently, Mr. Bolduc is a board member of several privately held corporations including Davis Inotek Instruments, LLC, N'Site Solutions, Inc. and Controlled Infrared Networks, Inc. Mr. Bolduc is on the Capital Campaign Steering Committee for the YMCA of Central Maryland, Howard County Family Branch.
He earned a Bachelor of Business Administration degree in Finance and Business Economics from the University of Notre Dame and a Master of Business Administration from the Colgate Darden Graduate School of Business Administration at the University of Virginia.
Mr. Carey joined JPBE in 1998 and is a Managing Director for JPB Capital Partners II. He brings experience in mergers, acquisitions and senior operations management to the company. Since joining JPBE, Mr. Carey has participated in and led more than 35 financial advisory assignments with an aggregate value of over $1 billion and more than ten strategic-growth consulting assignments for lower-middle market companies in the Mid-Atlantic and Southeastern U.S.
Prior to joining JPBE, Mr. Carey was a Director of Mergers and Acquisitions for Townsend, Inc., a privately owned processor of prepared foods. Prior to Townsend, he served in various capacities with W.R. Grace & Co., including President of Grace Culinary Systems, and President of American Caf Restaurants. Mr. Carey was also actively involved in a broad range of acquisitions and divestitures at W.R. Grace as a Senior Assistant to the Chairman.
He earned a Bachelor of Arts degree in Political Science from Trinity College and a Master of Business Administration from the New York University Graduate School of Business.
Mr. Davis joined JPBE in 2004 and is a Managing Director of JPB Capital Partners. Prior to joining JPBE, Mr. Davis was CEO of AHS, LLC, a company in the Mid-Atlantic region that he co-founded for the acquisition and commercialization of a patented water-treatment technology that addresses new international environmental regulations for the commercial shipping industry. As a director and CEO of AHS, Mr. Davis negotiated early-stage financing through private investors and state and federal agencies. He established working relationships with strategic partners, manufacturers, industry regulators and congressional representatives. Mr. Davis also negotiated and received patent awards from China, Japan, Norway, Brazil and the European Union.
Prior to founding AHS, Mr. Davis spent over six years in investment banking at Merrill Lynch in New York, most recently as Vice President in the Global Industries Group, where he focused on the industrial technologies sector. At Merrill Lynch, Mr. Davis was responsible for relationships with several client accounts and was directly involved in over 40 completed transactions with an aggregate value of over $30 billion, including public and private offerings of debt and equity, mergers, acquisitions, and advisory assignments.
Mr. Davis earned a Bachelor of Arts degree with honors from Dartmouth College and a Master of Business Administration from the Darden School of Business Administration at the University of Virginia. Mr. Davis has also studied at Oxford University in England and is Co-Chairman of the Davis Fellows, a full scholarship program awarded annually at Hampden-Sydney College.
Mr. Davis is the former Chairman and CEO of Trigon Healthcare, Inc. ("Trigon") and is a Senior Managing Director for JPB Capital Partners II. He first joined Trigon's predecessor company, Blue Cross Blue Shield of Virginia, as House Counsel in 1968 and was elected Chairman and CEO in 1981, a position he held until his retirement in 2000. Mr. Davis successfully led the organization through a demutualization and its initial public offering on the New York Stock Exchange in 1997. Under Mr. Davis' leadership, Trigon grew into the largest managed healthcare provider in Virginia with approximately 2 million members, and revenues and investment assets each over $2 billion.
Mr. Davis currently serves or has served on a number of boards of publicly and privately held companies, including Trigon Healthcare, Wachovia Corporation, First Union Corporation, Signet Banking Corporation, Hilb, Rogal & Hamilton Co., Home Nutritional Services, American Bankers Insurance Group, Harbert Venture Partners, Harren Equity Partners, Kings Entertainment, Kellam Petroleum, and Security Federal Savings & Loan. Mr. Davis is the former Chairman of the Metropolitan Richmond Chamber of Commerce and the U.S. Olympic Committee for Virginia. He is a former trustee of Hampden-Sydney College and Hampton University and was the President of the Hampden-Sydney College Alumni Association. Mr. Davis serves on the Business Advisory Council of the University of Virginia School of Law. Mr. Davis is currently a board member of the Mariner's Museum, the Science Museum of Virginia and the Boys and Girls Club Foundation. He is a member of the President's Club of the United States Sailing Association and serves on the boards of Schooner Virginia and the Volvo Ocean Race (Chesapeake), formerly the Whitbread Around the World Race. Mr. Davis is a member of the Virginia State Bar, the Virginia Bar Association and the American Bar Association. Mr. Davis earned a B.S. from Hampden-Sydney College in 1963 and a J.D. from the University of Virginia in 1966. He also attended The Executive Program at the University of Virginia Colgate Darden Graduate School of Business in 1975.
Mr. Sweet has been with JPBE since 2003 and brings domestic and international experience in finance, operations and general management to the Company. As Chief Financial Officer and Business Manager for Broadcast Sports, Inc., Mr. Sweet was responsible for strategic planning, budgeting and forecasting, cash management, financial reporting and general business management.
Prior to joining Broadcast Sports, he worked at Chemspec, Inc., a multi-national specialty chemical manufacturer, for eight years. At Chemspec, he filled a variety of positions including Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer and Controller. Prior to joining Chemspec, Mr. Sweet held several positions in manufacturing, banking and public accounting.
Mr. Sweet earned his Bachelor of Science degree in Accounting from Towson State University and Master of Business Administration in Finance from the Sellinger Graduate School of Business at Loyola College. He is a Certified Public Accountant and a member of the American institute of Certified Public Accountants and the Maryland Association of Certified Public Accountants.