MidOcean Partners Names Hon. George E. Pataki to Executive Board
September 9, 2008
New York. NY, September 9, 2008 - MidOcean Partners. a leading private equity firm, today announced that former Governor of New York George E. Pataki has agreed to join the firm‘s Executive Board.
“Governor Pataki is a great leader and a visionary thinker, and we are honored to have him join MidOcean’s Executive Board,” said Ted Virtue, founder and CEO of MidOcean. “This represents a unique opportunity for all of us to benefit from Governor Pataki’s vast experience in successfully running New York State as well as his keen economic insights. In this advisory role, we will have access to his unique perspectives as we continue to partner with our management teams to build our portfolio of companies that increasingly have global operations.”
Mark Angelson, Chairman of MidOcean, said, “Governor Pataki is an outstanding addition to our Executive Board and will complement our existing team of distinguished senior advisors from the private sector. We look forward to benefiting from his counsel end his keen insights on economic, environmental and business issues.”
In addition to his role as a public servant where he served three terms as the 53rd governor of New York State, from 1995 through 2006, Governor Pataki has a strong track record of balancing his pro-business philosophy with award-winning policies in the renewable energy and environmental fields. In 2007,
Governor Pataki joined the law firm Chadbourne and Parke, LLP as Counsel, focusing on their environmental, energy and corporate practice areas.
“l am impressed by the skill and acumen of MidOcean’s investment professionals and their ability to create stronger and more competitive companies. I am pleased to share insights and counsel from my public and private sector careers with the partners and management teams as they continua to build on the firm’s success,” said Governor Pataki.
MidOcean’s strong and active Executive Board supports the firm‘s investment professionals and the Board’s senior executives are available as a resource to MidOcean’s portfolio companies. In this capacity, Governor Pataki has joined the Board of Directors of MidOcean portfolio company, OneLink Communications, a leading provider of cable services in the greater San Juan, PR area, bringing his economic acumen and expertise in regulated industries to the company.
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About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.
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