CHICAGO--(BUSINESS WIRE)--Shore Capital Partners, (“Shore” or “the firm”), a strategic private equity firm focused on microcap investing in the healthcare, food and beverage, business services and real estate industries, with offices in Chicago and Nashville, today announced Brad Morehead has joined the firm as partner and head of the firm’s business services fund.
In his role, Morehead will continue the firm’s strategy to deploy industry-focused funds. He is responsible for partnering with business services entrepreneurs and companies with $1M to $10M in EBITDA to drive transformational growth. Morehead will lead partnerships and transactions, including investment sourcing and valuation, transaction structuring and corporate development. Within business services, the team will initially target pest control, managed service providers, outsourced retirement/benefits services, distribution/logistics, fire and life safety services, insurance brokerage and distribution businesses, pool maintenance services, environmental/disaster remediation and services, and RIAs.
“It is my pleasure to welcome Brad to the Shore team,” said Justin Ishbia, Managing Partner. “Brad’s impressive track record and deep understanding of business services will be a key driver of our growth. His entrepreneurial and leadership background, paired with his passion for partnering with founders, is center of the target for our firm strategy to support great small businesses with oversized investment, operational and network resources to de-risk the investment and accelerate success. We look forward to all Brad will accomplish adding to our current portfolio of 27 companies, encompassing 17,000 employees.”
“I am thrilled to join the Shore team to lead the firm’s business services efforts,” said Morehead. “Shore provides more than just capital to small businesses; we are a true partner to business owners and roll up our sleeves. Shore has a history of helping microcap companies become regional and national powerhouses. I am excited to partner with entrepreneurs to grow their businesses and wealth to the next level by supporting companies with the people, capital, tools, technology, recruiting and operations resources of a Fortune 500 company.”
Prior to joining Shore, Morehead was the CEO of Assembly Health, a tech-enabled Management Services Organization focused on clinicians and facilities providing geriatric and post-acute care. Prior to Assembly, Morehead served as CEO of LiveWatch, where he and his team built LiveWatch into one of the fastest growing security companies in the country before successfully exiting the business. Prior to LiveWatch, Morehead was CFO of Feldco Factory Direct, the Midwest’s leading home renewal company.
Morehead previously worked for Friedman Fleischer & Lowe, a San Francisco-based private equity firm, and in investment banking with Goldman Sachs (New York) and Donaldson, Lufkin & Jenrette (Chicago). He serves on the board, has been a founding investor or was on the start-up team for a variety of other companies in industries from financial services to consumer products. Morehead serves on the boards of Point C, Assembly Health, Tandem HR, Sidekick, RecordConnect and MHW. In addition, he is an adjunct entrepreneurship professor and faculty member for the past ten years at Kellogg School of Management and Northwestern University
Shore Capital Business Services Partners Fund I (“BS Fund I”) is focused on making control equity investments in B2B and B2C companies providing IT and technology-enabled services, compliance and risk management, environmental and waste services, facility and field services, financial and payment services, distribution and logistics services, and professional services. The BS Fund I surpassed its original target of $150 million and raised $213 million from the firm’s existing investors, plus select new limited partners.
About Shore Capital Partners
Shore Capital, a Chicago-based private equity firm with offices in Nashville, is focused on microcap investments within the Healthcare, Food and Beverage, Business Services, and Real Estate industries. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value for shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic growth and growth through industry consolidation. Shore has $2 billion of equity capital under management through various investment vehicles. For more information, please visit: www.shorecp.com.