BETHESDA, Md., June 1 -- American Capital Strategies, Ltd. (Nasdaq:ACAS) has named its Executive Vice President, Adam Blumenthal, to the additional post of Chief Operating Officer. Mr. Blumenthal will be responsible for managing the buyout and specialty finance company's principals and associates, and its portfolio of investments in middle market companies.
Malon Wilkus, Chairman and CEO of American Capital, said "American Capital has had dramatic growth in the last two years. This appointment formalizes responsibilities that Adam has assumed as we have expanded our capital resources, opened offices and grown our infrastructure. Adam has been integral to our operations for a decade, and I and our board of directors are confident that elevating Adam to the position of Chief Operating Officer will strengthen our operations and provide a solid foundation for future growth."
Adam Blumenthal said, "From the perspective of ten years at American Capital, the two years since our IPO have been the most challenging and successful. We have built on and grown from our roots funding ESOP companies. Our ability to provide critical capital, together with a deep respect for the managers and employees of middle market businesses, enables us to create outstanding portfolio companies. American Capital has built an exceptional team of investment professionals with extraordinary and diverse backgrounds. I am looking forward to using my new responsibilities and authority leading our professional team to build American Capital into the most outstanding financial institution serving middle market companies in America."
Mr. Blumenthal joined American Capital in 1989 as an Associate. He was named Vice President in 1990, joined the company's board in 1993, and became Executive Vice President in 1995. He has served on the company's Investment Committee since its initial public offering in 1997. He is a graduate of Harvard College and the Yale School of Management, and currently serves as a director of Mobile Tool International, an American Capital portfolio company which is majority-owned by its 1000 employees through an Employee Stock Ownership Plan, or ESOP. Mr. Blumenthal has served on the boards of three other portfolio companies. Mr. Blumenthal is considered a leading expert on employee ownership and management and employee buyouts and has advised companies and governments internationally on the use of employee ownership.
For a more complete resume of Adam Blumenthal, please visit http://acasonline.com/Mgmt/blumenthal.html.
American Capital is a buyout and specialty finance company with capital resources exceeding $250 million. American Capital invests $3 to $20 million in senior debt, subordinated debt and equity in middle market companies in need of capital for growth, acquisitions, ESOP buyouts, management buyouts, liquidity and restructurings. Companies interested in learning more about American Capital and its unique and flexible financing should contact John Hoffmire, Vice President of Sales and Marketing, at (800) 248-9340 or visit its website at www.American-Capital.com or its shareholder site at www.ACASOnline.com.
