Summit Park Expands Talent Team, Announces Promotion

CHARLOTTE, N.C.--(BUSINESS WIRE)--Summit Park is pleased to announce Maddy Hopsicker has joined the firm as an Operating Partner and Jon McCarthy has been promoted to Vice President.

Maddy will be an integral part of the firm’s Value Creation Team and will support Summit Park’s portfolio companies across all strategic human capital and talent initiatives. Prior to Summit Park, Maddy worked at Citigroup as a Vice President on the Chief of Staff team for the office of the CEO. In this role, she helped the CEO execute against Citi’s top priorities, including its firmwide transformation efforts and strategy refresh. Maddy received a BA in Economics and Master’s in Finance from Johns Hopkins University.

Jon McCarthy has been a valued member of the Summit Park investment team since joining as an Associate in 2019. Within the firm’s portfolio, Jon currently works closely with Ledge, United Air Temp and Exacta, and he played an active role in the firm’s recent realizations of Parkline and Aspirent. Prior to joining Summit Park, Jon was an Analyst at BlackArch Partners. Jon received his BS and Master’s in Accountancy from the Schools of Business at Wake Forest University.

Bob Calton, Co-Managing Partner at Summit Park, said “We are proud of the continued growth and development within our firm. We are confident Maddy will make immediate impact within our portfolio as she focuses on talent strategy from diligence through our investment hold periods. As Jon enters his fifth year at Summit Park, we are excited to expand his role on our investment team and see him continue to make impact on both our investment process, portfolio and firm culture.”

About Summit Park

Summit Park is a Charlotte, North Carolina-based private investment firm focused exclusively on the lower middle market. The firm invests across a range of industries, including services, consumer, and industrial growth. The Firm has made over 40 investments in the lower middle market totaling more than $2 billion in total enterprise value. The firm’s capital can be used to facilitate a change in ownership, to support expansion and growth, to provide partial liquidity to existing owners, or to support an industry consolidation plan. For more information, visit www.summitparkllc.com.