MidOcean Brings On Digital Transformation Govt Bob Myers and IT Executive Eric Gordon, Incorporating Considerable Depth to their Powerful Functioning Crew

NEW YORK–(Business WIRE)–MidOcean Companions (“MidOcean”), a leading New York-based different asset supervisor specializing in center-market personal fairness and alternative credit rating investments, declared now that Eric Gordon and Bob Myers have joined the company as Operating Associates. Myers and Gordon, jointly with MidOcean’s current network of seasoned Running Partners, carry substantial strategic and practical skills to the agency and will be instrumental in supporting MidOcean execute on its price-added, operating talent method to middle marketplace investing.

Eric Gordon, a senior executive with more than 30 decades of engineering leadership working experience, has been the two a CIO and a strategic advisor to world wide companies in the retail, purchaser items, financial providers, healthcare and hospitality sectors. He will direct MidOcean’s engineering-similar initiatives close to strategic progress street mapping and expense optimization throughout the firm’s portfolio organizations as well as on new possibilities the company is analyzing.

Gordon is now the President of Versitae, an ground breaking technology outsourcing enterprise that gives improved offshore IT providers. He has served in a CIO capability at organizations like Michaels Suppliers, Collective Manufacturers, Art Van Home furniture, and CEC Entertainment. Gordon has created a effective vocation driving small business price by means of know-how and by transforming IT businesses to adapt to a shifting digital environment when protecting a liable expense composition. He started his job at Andersen Consulting and has also held senior leadership roles at Spouse and children Greenback and Springs World.

David Kieselstein, Chairman of MidOcean’s private equity company, commented, “We are thrilled to have Eric Gordon on board as he brings a unusual mix of both depth and breadth of know-how working experience. He has excelled across an array of market sectors and provides special views as the two an operator and an advisor with respect to driving transformation by using know-how. He is perfectly suited to perform across both equally our buyer and business companies portfolio corporations to travel general performance.”

Bob Myers is a extremely attained c-suite chief with considerable experience providing strategic, fiscal and operational management and will perform straight with MidOcean’s investment decision teams and portfolio enterprise senior management with a concentration on enhancing the electronic capabilities of its existing portfolio companies and assessing prospective long term investments.

Myers most a short while ago served as President and Main Govt Officer of the American Accomplishment Company (AAC), a foremost producer and electronic retailer of custom made graduation items and solutions. Prior to AAC, Myers was President and Main Government Officer of Sheplers Westernwear although through his tenure grew to develop into the world e-commerce vacation spot for western dress in, delivery to in excess of 180 nations around the world. Earlier, he expended 10 many years at QVC. When at QVC, Myers was accountable for all sides of QVC.com and grew the system from startup to about $2 billion in once-a-year product sales on the system. Before in his career, Myers held a range of roles at JCPenney during his 15+ decades with the firm such as the startup of JCP.com and has served as a board director to various noteworthy makes which include the Nationwide Retail Federation, Store.org, and K&N Engineering.

Eric Roth, Managing Director at MidOcean, commented, “Bob Myers is an extraordinarily talented leader who is uniquely positioned to improve MidOcean’s potential to push electronic transformation across our portfolio.” Roth also observed, “I have acknowledged Bob for several decades and he is really highly regarded as a considerate and innovative collaborator across the purchaser market. His extensive-term successes discuss for them selves and we are grateful to have him on the MidOcean workforce.”

About MidOcean Associates

MidOcean Associates is a premier New York-centered alternative asset manager specializing in center-sector personal fairness and substitute credit rating investments. Considering the fact that its inception in 2003, MidOcean Non-public Equity has targeted investments in higher-high quality middle-market place organizations in the customer and organization expert services sectors. MidOcean Credit Associates was launched in 2009 and presently manages a sequence of different credit rating tactics, collateralized mortgage obligations (CLOs), and custom-made individually managed accounts.

Contacts

MidOcean Investor Relations Contacts:
Allison Donohue/Leslie Tanca

[email protected]

Media Contacts:
Nathaniel Garnick/Grace Cartwright

Gasthalter & Co.

(212) 257-4170

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