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Private Equity as a Solution and as an Investment for Families and Family Enterprises
The three panelists will discuss private equity from different vantage points. Rod Goldstein, Chairman and Managing Director of the private equity investment firm Frontenac Company, will discuss when private equity ownership is and is not appropriate for a family enterprise and why. Additionally, he will discuss what a private equity investor is looking for in a family business.
George Cook, Vice President of Finance and Chief Financial Officer of Maclean-Fogg Company, (a family owned and operated global enterprise which manufactures and distributes products for the automotive and power utility industries), will speak on what it’s like to have limited private equity ownership, how their organization has managed the relationship and the pros and cons of private equity versus other sources of capital.
Rick Pitcairn, Chief Investment Officer of Pitcairn a family founded multi-family office, will speak about private equity as investment for families including when it’s an appropriate asset class and what factors families should consider when investing in private equity.
Rodney L. Goldstein is Chairman and Managing Director of Frontenac Company which is one of the most experienced private capital partnerships that works with mid-sized family owned businesses and has great depth of experience in meeting the complex transition needs of family business owners. Also, Frontenac’s investors are mostly families. Since joining Frontenac in 1981, he has led investments in a broad range of industries, with a focus on business services and consumer sector companies. He serves and has served on the boards of directors of several Frontenac-sponsored private and public companies, as well as many civic and professional organizations.
George H. Cook has served as Vice President and Chief Financial Officer of MacLean-Fogg since 1994. Previously, he was the Chief Financial Officer of Boulevard Bancorp and CR Industries. Mr. Cook has served on the board of numerous institutions and associations.
Harold F. "Rick” Pitcairn II, a fourth generation member of the Pitcairn family, joined Pitcairn in 2004 and serves as their Chief Investment Officer today. He leads Pitcairn’s Investment Policy, Investment Strategy and Due Diligence committees and is heavily involved in the oversight of client portfolios. Rick is a frequent speaker as well as an author on investment topics and is involved in civic affairs as well.