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    Jerry Wethington

    Managing Principal at River Capital, Inc.

    Professional Background

    Jerry Wethington is a prominent figure in the world of private equity, serving as the President of River Capital and Managing Principal of River Capital Partners. Established in 1983, River Capital is an Atlanta-based private investment firm renowned for providing capital to management buyouts, recapitalizations, and the growth capital needs of well-established middle-market companies. The firm is particularly distinguished for its range in transaction sizes, focusing on opportunities with purchase prices between $10 million and $50 million. As one of the oldest and most experienced private investment firms in the Southeast, River Capital has played a significant role in the acquisition and investment of companies across diverse industries, boasting combined revenues of approximately $600 million.

    Mr. Wethington’s leadership and vision have been instrumental in solidifying River Capital’s reputation in the market. He currently chairs several River Capital portfolio companies, including Blue Wave Products, Inc., Five Star Manufacturing Company, and New Image Group, Inc. His extensive experience spans various industry sectors, having served as a director for both public and privately held companies engaged in cloud migration services, consumer products, food service, furniture manufacturing, general aviation, hardware distribution, manufactured housing, media, medical products, and steel processing. This vast array of experience equips him with unique insights into the operational and financial challenges faced by companies across different sectors.

    Education and Achievements

    Mr. Wethington's academic credentials are equally impressive, laying a strong foundation for his illustrious career. He began his academic journey earning a Bachelor's degree in Economics from the University of Kentucky. He then advanced his education with a Master of Business Administration (MBA) from the University of Louisville, which enhanced his managerial acumen and strategic understanding of business operations. Additionally, he pursued a Master’s degree in Economics at Western Kentucky University, further refining his expertise in economic principles and their application in the business landscape.

    With these credentials in hand, Mr. Wethington has successfully bridged the gap between theory and practical application in the realm of finance and investments. His educational background supports a robust career trajectory that has seen him excel in multiple roles, including significant tenures as Executive Vice President and COO for Mitchell Steel and senior manager roles at Fuqua Industries and Teledyne, Inc., focusing on both operational and financial management.

    Community Engagement and Leadership Roles

    In addition to his professional endeavors, Mr. Wethington is deeply committed to community involvement and leadership within several esteemed business and civic organizations. He is a member of the World Presidents’ Organization and the Association for Corporate Growth, where he collaborates with other leaders to foster growth and support for businesses and entrepreneurs.

    Furthermore, Mr. Wethington actively serves on the Board of Directors for Make-A-Wish Georgia, demonstrating a dedication to giving back to the community and making a difference in the lives of children with critical illnesses. His passion for supporting organizations that create positive change is evident in his previous roles, including his contributions to the University of Kentucky Business Partnership Foundation and the investment committee of Gray Ghost DOEN Social Ventures, which focuses on making early-stage impact investments in countries like India and Bangladesh.

    Notable Achievements

    Throughout his impressive career, Mr. Wethington has consistently demonstrated a commitment to excellence and a keen understanding of business strategy. One of his notable achievements includes leading the leveraged buyout of Mitchell Steel, where he played a pivotal role in management’s successful acquisition of the company from Fuqua Industries. Subsequently, the company was sold to Cargill, Inc., further solidifying Mr. Wethington's reputation as a skilled leader in orchestrating complex financial transactions.

    His diverse experience across multiple sectors has ideally positioned him to navigate the intricacies involved in both investing and managing portfolio companies. Mr. Wethington’s strategic foresight, strong analytical abilities, and commitment to operational excellence have all contributed to the successful growth and expansion of River Capital and its affiliated companies.

    Jerry Wethington’s career journey exemplifies the intersection of education, experience, and community engagement, making him a respected leader in the investment landscape. His commitment to fostering growth in both businesses and the community continues to propel him and River Capital toward new heights in the world of private equity.

    Related Questions

    How did Jerry Wethington contribute to the growth and success of River Capital since its founding in 1983?
    In what ways has Jerry Wethington's education in Economics influenced his approach to investments and management?
    What specific leadership strategies has Jerry Wethington employed while serving as Chairman of various portfolio companies?
    How has Jerry Wethington's commitment to community engagement through organizations like Make-A-Wish Georgia impacted his professional career?
    What insights can Jerry Wethington share about the challenges and opportunities in the private equity investment landscape?
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    Location

    Atlanta, Georgia, United States