March 29, 2019
Vance Street Continues Growth with New Operating Partner
, MARCH 29, 2019 –
Vance Street Capital, a middle-market private equity firm, is pleased to announce that Paul Salazar has joined the firm as an Operating Partner. Prior to joining Vance Street, Paul spent his career in senior leadership roles across a wide range of highly engineered and formulated markets, including Aerospace & Defense, Electronic Systems, Oil/Gas and Medical Device industries. Prior to Vance Street, Paul held positions as CEO, President, Group Vice President and General Manager with companies such as Precision Castparts, Crane Corporation, Invensys and Jonathan Engineered Solutions.
As an Operating Partner, Paul will be primarily responsible for working with portfolio company leadership teams to help them achieve strategic objectives and budgetary goals. Vance Street’s Operating Partners are executives with deep function area experience who support Vance Street’s portfolio companies as they execute on their growth objectives. Paul will join a team of other Vance Street Operating Partners that specialize in sales strategy and market development, quality systems and regulatory assurance, LEAN deployment and manufacturing excellence among others.
“I am excited to engage with Vance Street as an Operating Partner across its portfolio of highly-engineered solutions providers,” said Paul Salazar. “Vance Street has a long history of driving growth and operational improvement at its portfolio companies, and I believe my background further expands our opportunity set. Working together, I believe that we can achieve commercial excellence and create lasting value for our companies and our investors.”
Mike Janish, Managing Partner at Vance Street, adds, “We’re thrilled to add Paul to our growing team of best-in class Operating Partners at Vance Street Capital. Paul’s diverse experience and first-hand knowledge of best practices across a wide range of function areas provides him the capacity to quickly assess the needs of a business and lead significant change in a variety of markets, organizations and environments.”
“We have a longstanding commitment to partnering with founders and entrepreneurs through providing operational resources in a way that preserves each businesses culture while enhancing the engineered solutions they provide their customers. The addition of Paul to the Vance Street team furthers that commitment and operating expertise we can offer,” said Brian Martin, Managing Partner at Vance Street.
About Vance Street Capital LLC
Vance Street Capital is a middle-market private equity firm focused on investing in highly engineered solutions businesses across the industrial, medical, aerospace and defense markets. For over two decades, Vance Street’s partners have worked with management teams and family owners to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio. For more information please visit: www.vancestreetcapital.com