VTCAPITAL, LLC

Conneticut-based private investment firm seeking control and non-control interests in uniquely positioned industrial and medical technology manufacturers and service-related providers to the power, energy and business-to-business markets in North America

ABOUT VTC

VT Capital, LLC (VTC) is a Connecticut-based independent sponsor of private equity investments.

VTC was founded in November 2010 to identify and invest in uniquely positioned, publicly and privately held businesses serving the North American power, energy, industrial technology and professional services markets.

VTC invests for its own account as well as in partnership with institutional, family office, and qualified individual investors located in the U.S., Canada, and Europe.

VTC is interested in both control and non-control investments primarily in established businesses with annual revenues of at least $25 million and enterprise valuations of $25 million to $500 million.

VTC will selectively consider early commercial stage company investments, as such opportunities may arise.

VTC works as an active partner with management throughout the life of an investment with a particular emphasis on strategic and capital markets matters.

VTC'S FOUNDER

Joseph V. Lash is the founder and Managing Member of VT Capital, LLC. Prior to forming VTC in November 2010, Mr. Lash spent more than 25 years as a mergers and acquisitions advisory and investment professional.

For the approximately 20 years Mr. Lash was on Wall Street, he advised and assisted corporations globally in the identification, planning and execution of mergers, acquisitions and related transactions across numerous industries, with a particular emphasis on industrial technology companies. During Mr. Lash's tenure as a corporate advisor, he held a number of senior positions in the mergers and acquisitions departments of leading Wall Street firms including JPMorgan Chase, Kidder, Peabody, and the combined Kidder, Peabody/Paine Webber, where Mr. Lash Co-Headed the Mergers and Acquisitions Department.

For the five years preceding VTC's formation, Mr. Lash was a senior executive with Tontine Associates, LLC, a Greenwich, CT-based private investment partnership. While at Tontine, Mr. Lash worked together with the Firm's managing member to establish and implement Tontine's concentrated/control equity investment strategy as well as oversee a portfolio of investments of over $250 million in the power and energy infrastructure market. In connection with such oversight activities, Mr. Lash served as a director or board observer for several companies where Tontine had established control or near-control positions, including:

  • Exide Technologies, a leading supplier of stored energy products to industrial and transportation markets globally (Director from March2007 until May 2010)

 

  • Westmoreland Coal Company, the oldest, independent coal company in the U.S. and a developer of independent power projects (Board Observer from March 2008 until January 2009)
A man with grey hair and wearing a suit.
  • Neenah Enterprises, Inc., a leading manufacturer of municipal and industrial iron castings, (Director from May 2006 until July 2010 and Chairman of the Board of Directors from February 2009 until July 2010)

 

  • CVTech Group, Inc., a leading provider of transmission and distribution construction and maintenance services in Canada and the U.S. (Board Observer from April 2008 until January 2009)

 

  • Integrated Electrical Services, Inc., a national provider of electrical and communications solutions to commercial, industrial, and residential markets (Director from June 2006 until February 2011)

Mr. Lash currently serves on the Board of Directors of TurnCare, Inc., Repose Technologies, Inc. and the Board of Trustees of Ohio Wesleyan University, where he received a BA in Economics/Management.

VTC'S FOUNDER

Joseph V. Lash is the founder and Managing Member of VT Capital, LLC. Prior to forming VTC in November 2010, Mr. Lash spent more than 25 years as a mergers and acquisitions advisory and investment professional.

For the approximately 20 years Mr. Lash was on Wall Street, he advised and assisted corporations globally in the identification, planning and execution of mergers, acquisitions and related transactions across numerous industries, with a particular emphasis on industrial technology companies. During Mr. Lash's tenure as a corporate advisor, he held a number of senior positions in the mergers and acquisitions departments of leading Wall Street firms including JPMorgan Chase, Kidder, Peabody, and the combined Kidder, Peabody/Paine Webber, where Mr. Lash Co-Headed the Mergers and Acquisitions Department.

For the five years preceding VTC's formation, Mr. Lash was a senior executive with Tontine Associates, LLC, a Greenwich, CT-based private investment partnership. While at Tontine, Mr. Lash worked together with the Firm's managing member to establish and implement Tontine's concentrated/control equity investment strategy as well as oversee a portfolio of investments of over $250 million in the power and energy infrastructure market. In connection with such oversight activities, Mr. Lash served as a director or board observer for several companies where Tontine had established control or near-control positions, including: 

A man with grey hair and wearing a suit.
  • Exide Technologies, a leading supplier of stored energy products to industrial and transportation markets globally (Director from March 2007 until May 2010)
  • Mr. Lash previously served as a member of the Board of Trustees of Ohio Wesleyan University (from July 2007 through June 2012), where he attended and received a BA in Economics/Management.

  • Integrated Electrical Services, Inc., a national provider of electrical and communications solutions to commercial, industrial, and residential markets (Director from June 2006 until February 2011)
  • Neenah Enterprises, Inc., a leading manufacturer of municipal and industrial iron castings, (Director from May 2006 until July 2010 and Chairman of the Board of Directors from February 2009 until July 2010)
  • CVTech Group, Inc., a leading provider of transmission and distribution construction and maintenance services in Canada and the U.S. (Board Observer from April 2008 until January 2009)
  • Westmoreland Coal Company, the oldest, independent coal company in the U.S. and a developer of independent power projects (Board Observer from March 2008 until January 2009)

VTC's INVESTMENT APPROACH

VTC seeks to identify and invest in uniquely positioned, publicly and privately-held industrial and medical technology manufacturers and service-related providers to the power, energy and business-to-business markets in North America. Key investment…

  • Annual revenues of at least $25 million and enterprise valuations of $25 million to $500 million
  • Established business models with sustainable, competitive advantages within their respective served markets
  • Experienced, operationally focused management who have demonstrated the ability to profitably drive growth and enhance competitive position
  • VTC will selectively consider operational turnarounds when VTC believes it has specific managerial expertise identified
  • VTC will selectively consider early commercial stage company investments, as such opportunities may arise

VTC seeks equity investments of at least $15 million and pro forma capital structures that will facilitate financial flexibility and long-term growth.

VTC works as an active partner with management throughout the life of an investment with a particular emphasis on strategic and capital markets matters.

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