Press Release
Gridiron Capital Announces Timothy W. Clark And Michael W. Walsh Have Joined Gridiron Capital, LLC
NEW CANAAN, Conn., October 05, 2006 — Gridiron Capital, LLC has announced that Timothy W. Clark has joined the firm as a Managing Director. Mr. Clark has broad experience in finance and business strategy with middle-market companies and leverage buyout transactions across a wide range of industries. Prior to joining Gridiron in 2006, Mr. Clark was Managing Director and co-head of the consumer group for Stifel Nicolaus, a Midwest regional investment bank. Previously, Mr. Clark was an in-house strategic consultant for Rawlings Sporting Goods Company and K2. Prior to Rawlings, Mr. Clark worked in a broad range of investment banking capacities for Morgan Stanley, Bankers Trust and Warburg Dillon Read in London and New York in leveraged finance, financial sponsor coverage, high yield and merchant banking. In this experience, Mr. Clark executed advisory and financing transactions totaling over $15 billion. Mr. Clark also worked for Boatmen’s Bank in St. Louis, where he was in derivative products, national corporate banking and middle-market commercial lending. Prior to banking, Mr. Clark played baseball in the Cincinnati Reds organization. Mr. Clark graduated from the University of Missouri with a BA in economics and a minor in art history and played varsity football and baseball. He received his MA in international affairs from Washington University in St. Louis.
Gridiron Capital has also announced that that Michael W. Walsh has joined the firm as Vice President of Finance. Mr. Walsh is an accomplished financial and treasury executive, with twenty-four years of progressive experience in both corporate and divisional operating environments. He has a consistent record of developing innovative cost effective approaches that ensure delivery of profit objectives, availability of cost-competitive capital and management of financial risk. Prior to joining Gridiron, Mr. Walsh was the Corporate Controller — Americas for Cadbury Schweppes plc, a prominent globally branded consumer products company with significant operations in the beverage and confectionery sectors with sales in excess of $12 billion. The Americas Region includes Dr Pepper/Seven Up, Snapple, Mott’s, Adams, Cadbury Chocolate, and Trebor Allan. During the course of an eighteen-year career at Cadbury, Mr. Walsh held a variety of senior financial positions including; Finance Director — Beverages, Assistant Treasurer & Director Corporate Planning. Prior to Cadbury Schweppes, Mr. Walsh was a Treasury Manager and Financial/Credit Analyst at Ogden Corporation and a Financial/Credit Analyst at Dun & Bradstreet Inc. Mr. Walsh holds a B.S. in accounting and marketing from Fairfield University, where he was a varsity baseball player. He received an MBA from Fordham’s Graduate School of Business, with a concentration in corporate finance. Mr. Walsh is a member of the Connecticut Society of Certified Public Accountants and the Financial Executives Institute (FEI).
Gridiron Capital, LLC, headquartered in New Canaan, Connecticut, is a private equity firm focused on creating value by acquiring and building middle-market manufacturing, service and specialty consumer companies in the United States and Canada. The firm’s principals have historically achieved superior investment returns by employing a combination of strategic, operating and financial experience to provide portfolio companies with competitive advantages. Gridiron’s principals work closely with management teams to develop strategies for portfolio companies, as well as providing resources to execute business plans and build industry-leading companies. More information about Gridiron is available on the firm’s Website at www.gridironcapital.com.