Private equity firm GenNx360 Capital Partners has appointed Otis Spencer, Jr as operating partner effective 2 January.
Spencer reports to Lloyd G Trotter, founding and managing partner.
Spencer will have the primary directive of creating value by driving operational execution within the GenNx360 portfolio. In addition, he will work with the GenNx360 investment team to identify and evaluate new platform opportunities, conducting strategic and operational analysis of potential deals as well as business model sustainability.
Spencer has over 23 years of operating experience in many of GenNx360's focus industries, such as industrial manufacturing, logistics, transportation components, defence, specialty chemicals, and oil and gas.
Prior to joining GenNx360, Spencer was manufacturing strategy & operations advisor at WBS Financial, where he was involved in the development of strategic post-transaction operational plans, and advised on the effectiveness of manufacturing, quality control, planning and engineering. He also advised on environmental, health and safety (EH&S) matters, supply chain processes and was lead advisor in organisational structure and executive staff recruitment.
Spencer began his career in the United States Army where he served from 1990 to 2003 and held numerous executive and operational leadership roles, including director of administration and operations in Iraq and Kuwait where he was awarded the Bronze Star Medal.
"We are delighted and proud to welcome Otis Spencer as an Operating Partner," says Trotter. "Otis' experience in our core investment segments is highly complementary to our team. His broad expertise in production and manufacturing processes and extensive human capital management experience greatly enhances the talents of our existing group of operating partners. I am confident that Otis will be able to leverage his years of operational experience to identify quality acquisition targets that can benefit from GenNx360's unique operational expertise, and then help them achieve their goals."
"I am thrilled to join the GenNx360 team," says Spencer. "I believe that GenNx360 is well positioned to partner with growth-oriented middle market companies, and I am looking forward to working with the GenNx360 team to create meaningful value in their portfolio companies."
