Carousel Capital is pleased to announce the promotion of Alan C. Welch, Jr. to the position of Principal of the firm effective immediately. In this position, Mr. Welch will have primary responsibility in working with the Managing Partners to originate, execute, manage and exit investments. With this promotion, the firm also wishes to recognize the substantial contribution Mr. Welch has made to the success of the firm since joining in 2008.
“I am delighted to congratulate Al on this well-deserved promotion on behalf of the Managing Partners at Carousel,” said Charles S. Grigg, Managing Partner of Carousel Capital. “His accomplishments in evaluating and executing investments and working with management teams have been numerous and he has gained deep experience across our targeted sectors.”
Prior to joining Carousel Capital in 2008, Mr. Welch worked in private equity at Arcapita and for the investment banking division of BB&T Capital Markets. He received a B.S. in Business Administration from the University of South Carolina and a MBA from the Darden School at the University of Virginia.
Carousel Capital is a private investment firm that invests in companies located in the Southeastern United States. Carousel’s investor base includes institutional investors and an elite group of more than 100 current and former CEOs with significant operating experience. Since its inception, Carousel has invested in 34 companies primarily in three targeted growth sectors: business services; consumer services; and healthcare services.