LOS ANGELES--(BUSINESS WIRE)--The Gores Group, a leading Los Angeles based private equity firm, today announced that it has retained Evergreen Capital Partners LLC (“Evergreen”) and its principals, John A. Janitz and Dominick J. Schiano, to provide strategic and operational advisory services to the firm on an exclusive basis.
Mark Stone, Senior Managing Director and President of Operations at The Gores Group, stated, “Evergreen and its principals bring a strong track record of operational success in senior roles at large publicly traded corporations as well as sponsor controlled private companies in various industries. The firm has also been responsible for driving improved performance at sponsored portfolio operations. We are pleased to have them join our team.”
“We are confident our firm will have a great fit with the Gores operations focused model and we will expand and complement their capabilities. We are excited and look forward to working with their impressive and high performing team,” said John Janitz, Evergreen’s Chairman and Co-Founding Partner.
Evergreen, which is based in Troy, Michigan, was founded by Janitz and Schiano in 2007 to provide advisory services for private equity sponsors under exclusive contractual relationships.
Before forming Evergreen, Janitz served as Co-Managing Principal for Questor Partners Funds, a $1 billion private equity turnaround fund. Before that Janitz served as President, Chief Operating Officer and Member of the Board of Textron Inc., a NYSE-listed multi-industry company with over $12 billion in worldwide sales; Executive Vice President with TRW Inc.; President of Wickes Manufacturing Company, and held a number of key executive positions with Wickes' predecessor company, Gulf+Western Industries, Inc. Janitz holds a B.S. degree in mechanical engineering from Villanova University, an M.B.A. from Eastern Michigan University and is a graduate of the Harvard University Advanced Management Program.
Schiano, who is President and Co-Founding Partner of Evergreen, is known for his operational expertise and ability to refocus business units and drive positive change. He is also an accomplished dealmaker, having led many successful transactions in a variety of industries. Prior to forming Evergreen, Schiano served as a Managing Director and member of the Investment Committee of Questor Partners Funds. Previously, he served in various executive roles at Textron Inc., including Executive Vice President and CFO of Textron Automotive, Executive Vice President and CFO of Textron Fastening Systems, Inc. and as Executive Vice President and General Manager of Textron Fastening Systems, Inc. He also held senior positions at TRW Inc., where he was responsible for mergers and acquisitions, joint ventures, licensing, and strategic alliances and at Wickes Companies Inc. and its predecessor Gulf+Western Industries, Inc. Schiano attended Long Island University, majoring in Finance, the University of Pennsylvania - Wharton School Management Development Program and the Northwestern University - Kellogg School Mergers and Acquisitions Program.
About The Gores Group, LLC
The Gores Group, LLC is a private equity firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, which was founded in 1987 by Alec E. Gores, has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. Headquartered in Los Angeles, The Gores Group maintains offices in Boulder, CO, and London. For more information, please visit www.gores.com.
About Evergreen Capital Partners LLC
Evergreen Capital Partners LLC, founded by John A. Janitz and Dominick J. Schiano in 2007, provides advisory services and co-invests with private equity sponsors under exclusive contractual relationships. The firm is based in Troy, Michigan.