Local buyout specialist attracts $43 million: Hammond Kennedy Whitney & Co. targets M&A

In 2002, it took Glenn Scolnik and his partners 85 road shows to raise $57 million for their new management buyout fund. They just raised another $43 million with a single presentation. "Our investors agreed we needed more money. It was a very easy fund-raise," said Scolnik, president and CEO of locally based Hammond Kennedy Whitney & Co. "You don't want to crow too much, because it's not over 'til it's over. Until you realize an investment, you only have...

 

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