CHICAGO--(BUSINESS WIRE)--Glencoe Capital, LLC ("Glencoe Capital"), a Chicago-based private equity firm focused on control acquisitions of lower middle-market companies, today announced that William A. Geoppinger, the former president and chief executive officer of Sara Lee Foods, has been appointed to Glencoe Capital’s Investment Committee. Comprised of senior transaction professionals, Glencoe Capital's Investment Committee includes two experienced senior executives from outside the firm who have deep management and operational experience.
Mr. Geoppinger has served Glencoe Capital in an advisory capacity for several years as a member of its Executive Network, a group of approximately 40 current and former Fortune 1000 C-level executives and entrepreneurs who have specialized operational and managerial expertise in a range of industries. The Executive Network is central to Glencoe Capital’s investment strategy, and actively assists the investment team in identifying, evaluating and executing investments. Once transactions are complete, Executive Network members provide ongoing advice and counsel to portfolio companies, including serving on portfolio company boards of directors.
Glencoe Capital’s private equity funds have acquired several portfolio companies in the food products industry, including Specialty Foods Group ("SFG"), a leading producer of premium branded and private-label processed meat products marketed in the U.S. and Canada; ACE Bakery, a Toronto-based artisan bakery; and Flatout, a producer and marketer of branded flatbreads.
In his capacity as a board member of ACE Bakery, Geoppinger was a valuable resource for the company's Bakery’s management team in driving rapid growth and significant profit improvement, which together resulted in its November 2010 sale to Weston Foods (Canada) Ltd. for CAD$110 million. Geoppinger also served on the board of directors of SFG from 2005 to 2008.
Geoppinger also advised Stockwell Capital, an affiliate of Glencoe Capital, on Stockwell Capital’s co-investment in Findus Group, Europe’s second-largest frozen food provider, and Earthbound Farm, a U.S. provider of packaged organic salad products. Stockwell Capital, which currently manages over $700 million in dedicated capital, designs and manages customized co-investment programs for institutional investors. The Fund has made 53 co-investments since 2002.
"Bill Geoppinger has been an invaluable member of Glencoe Capital’s Executive Network and we are delighted that he has agreed to assume additional responsibilities helping the firm to assess future acquisitions as a member of our Investment Committee," said David S. Evans, Glencoe Capital's chairman.
Geoppinger had a distinguished career with Sara Lee Foods and its predecessor companies. He joined Cincinnati-based meat processor E. Kahn’s & Sons Company as manager of sales in 1962. After Sara Lee's purchase of Kahn’s in 1966, Geoppinger was named manager of sales and marketing for Kahn’s food-service division, and in 1983, he became executive vice president. In 1987, Kahn’s merged with Hillshire Farm, where Geoppinger was named president and chief executive officer in 1989. He was appointed president and CEO of Sara Lee Foods in 1999.
Glencoe Capital, LLC
Founded in 1993, Glencoe Capital is a private equity firm focused on lead-sponsored control acquisitions and growth equity investments in lower middle-market companies. Glencoe Capital and its affiliates have total aggregate capital of approximately $1.4 billion and have completed acquisitions for its control funds representing over $1 billion of transaction value. The firm has offices in Chicago and Birmingham, Michigan. For more information, please visit www.glencap.com.