Palo Alto, California, December 1, 2014 – Altamont Capital Partners (Altamont), the San Francisco Bay area-based middle market private equity firm, announced today that K.C. Moylan has joined the firm as an Operating Partner. Mr. Moylan will focus primarily on investment opportunities in the restaurant industry. Altamont has a strong interest in this industry and is excited to work with Mr. Moylan both to augment its existing investments in portfolio companies Tacala and Boom Foods, as well as to make new investments.
Jonathan Altman, a Principal of Altamont, commented: “We are thrilled to welcome K.C. to our team. His extensive experience across a range of leading restaurant brands will help us identify and complete attractive investment opportunities that fit well with Altamont’s strategy. In addition to his deep industry expertise and network of relationships, his strong history of success as an operator will make him a valuable partner as we grow and support our portfolio of restaurant businesses.”
Mr. Moylan has extensive operational and senior leadership experience with multiple restaurant companies, including most recently as President and COO of Pei Wei Asian Diner, where he led 7,000 employees and grew sales by over $200 million in eight years. Before joining PF Chang’s / Pei Wei, he served as CEO of Champs Entertainment where he led growth from five regional stores and $20 million of sales to 36 stores nationally and almost $200 million in sales. His prior experience spans leading regional brands as well as national ones, and ranges from polished casual dining and fast casual dining to hotel development and management. Mr. Moylan is a graduate Northeastern University, with a BS in Business Administration.
Randall Eason, a Managing Director at Altamont, added: “K.C.’s ability to bring both deep operational expertise and broad strategic thinking to restaurant businesses is a rare talent, and one that complements our investing strategy nicely. Given our strong, demonstrated interest in building leading restaurant businesses as well as our focus on partnering with management in helping middle market businesses realize their full potential, we are excited about the opportunities that working with K.C. will present.”
Mr. Moylan remarked: “I am excited to join the impressive team at Altamont. Altamont’s approach to investing and business leadership are attractive to me. Altamont has an outstanding record in pursuing and adding value to middle market investments, and I feel fortunate to join them as they continue to bring this philosophy to the restaurant sector.”
ABOUT ALTAMONT CAPITAL PARTNERS
Altamont Capital Partners is a private equity firm based in the San Francisco Bay area with over $1 billion in capital, focused on investing in change-intensive middle market businesses. The firm’s principals have significant experience building business success stories across a range of industries and transaction types. Altamont is particularly drawn to companies which are constrained for some reason from realizing their full potential. The firm seeks to work in partnership with management to implement strategic and operational change. Altamont is a generalist firm with deep experience in several verticals including business services, financial services, industrials, healthcare, consumer and retail.
For further information:
Brunswick Group on behalf of Altamont
Aman Battish (415) 671-7676