HAMPTON, N.H.--(BUSINESS WIRE)--Shipston Equity Holdings, a leading private investing firm specializing in the industrial sector, today announced that Steven Shulman has joined the company to chair the newly formed Acquisitions and Capital Allocation Committee.
The Committee bolsters Shipston’s efforts to create a diverse, multi-industry platform while continuing to seek attractive investment opportunities in high-quality companies and entrepreneurial businesses.
As managing director, Mr. Shulman will direct the Committee as it seeks to identify diversification opportunities and unlock potential growth within existing business verticals. Under Mr. Shulman, the Committee also will develop long-term strategic plans, and actively explore new investment opportunities. Mr. Shulman will report directly to President and CEO Michael Dingman and operate out of the firm’s U.S. corporate headquarters in Hampton, New Hampshire.
“I am delighted to welcome Steve, who brings more than five decades of investment banking, private equity and executive experience to Shipston,” said Michael Dingman, President and CEO of Shipston Equity Holdings. “Steve’s broad range of banking and investing experience will help position Shipston for future growth and strengthen our efforts to create long-term value for our investors.”
Mr. Shulman’s career extends across a number of sectors, including the auto, materials and manufacturing sectors. In addition to his role with Shipston, he serves as an advisor to various private equity groups, including Trimaran Capital Partners, AUA Private Equity Partners and Solace Capital Partners. Since 1984 he has been president of The Hampton Group, his wholly owned company, in which capacity he has been active as an investment banker, investor and Board member of a large number of companies both public and private, including Ermanco, a material handling company and Cyterra, the largest manufacturer of land mine detection equipment. He is a director of GeNO LLC and MTI, two medical device manufacturers, and Ark Restaurants, a publicly traded restaurant holding company.
Mr. Shulman graduated from Stevens Institute of Technology in 1962 and received his MS degree in 1963. In 2002 was awarded an Honorary Doctorate from the university.
About Shipston Group, LTD
Shipston Group, LTD is an international investment firm founded in 1996 by seasoned investor, businessman and industrialist Michael D. Dingman. Shipston’s investment strategy prioritizes developing the companies’ management to generate long-term value. Shipston evaluates investment opportunities based on industry, operational knowledge, and strong, experienced management teams. After identifying companies with strong market position and growth potential, Shipston uses investment capital, operating expertise, and its extensive business network to assist diversified industrial companies in designing and implementing plans for improving operations and efficiency. For additional information about Shipston Equity Holdings, visit shipstongroup.com.