Middle market private equity firm Wynnchurch Capital has appointed Michael Salgat as a Managing Director focused on operations and portfolio management, and Jerry Gao as a Senior Associate.Prior to joining Wynnchurch, Salgat was an Operating Partner with New State Capital Partners focused on financial leadership at portfolio companies. Salgat began his career as an Investment Banker at Candlewood Partners and Donnelly Penman & Partners. He later served as Chief Financial Officer at Sipi Metals Corp and Vice President of Strategy and Finance at Tecumseh Products Company. Salgat earned his BS in Finance at John Carroll University. Gao recently completed his MBA at The Wharton School of the University of Pennsylvania and has worked at Palladium Equity as an Associate and Houlihan Lokey as a Financial Analyst.
Chris O’Brien, Managing Partner at Wynnchurch, says: “We are excited to have Michael and Jerry join the Wynnchurch team. Michael brings twenty years of experience in various financial and portfolio operations leadership positions and Jerry has spent nearly five years in private equity and investment banking focused on developing investment theses across a variety of sectors. They are great additions to Wynnchurch and will contribute meaningfully to our continued growth.”
Wynnchurch Capital is actively seeking investment opportunities for its USD2.277 billion Fund V. In February, Wynnchurch acquired Pennsylvania Machine Works, a fully integrated manufacturer of high pressure forged fittings and branch connections. Other recent Wynnchurch investments include: Clyde Industries, a leading designer and manufacturer of sootblowers, a critical component within recovery, power, and steam boilers; Eastern Metal Supply, a leading value-added distributor of aluminium extrusions and related products; MPL Holdings, a leader in cultured marble products for the hospitality and multi-family housing markets; and two closed-die forging facilities of Allegheny Technologies that produce high-value, complex forgings for OEMs.