Curtis Glovier, Recent CEO of PENSCO and Former Investment Committee Member at Fortress, Joins Star Mountain as a Senior Advisor
February 13, 2020
Curtis Glovier, Recent CEO of PENSCO and former Managing Director at Fortress, Joins Star Mountain as a Senior Advisor
NEW YORK, February 14, 2020 – Star Mountain Capital, LLC (“Star Mountain”), a specialized investment manager focused on the large and underserved U.S. lower middle-market (companies that generally have between $10 million and $200 million in annual revenues) is pleased to announce that Curtis A. Glovier has joined as a strategic personal investor and Senior Advisor. Mr. Glovier will assist Star Mountain with deal sourcing, additional industry-focused underwriting expertise as well as portfolio management support to both and help protect capital in an aligned manner with Star Mountain’s portfolio companies and investors.
“We are delighted to have another senior executive with 30 years of investment, investment banking and CEO-level operating experience be aligned with us, broadening our value-add capabilities in helping grow established smaller businesses across the U.S.,” said Brett Hickey, Star Mountain Capital Founder & CEO. “Curtis has tremendous industry insights and relationships which we believe will further add value to our team, our investors and the portfolio companies we invest in.”
“Star Mountain has built a distinctive business to address the challenges and opportunities of the lower middle-market where I believe some of the most compelling investment return opportunities are available,” said Curtis Glovier, “I am delighted to be an aligned investor and part of Star Mountain’s comprehensive team.”
Prior to being the Chairman and CEO of PENSCO Trust Company (approximately $15 billion in assets under custody) and a founding Board Member of Opus Bank (NASDAQ: OPB with current market capitalization of approximately $1 billion), Mr. Glovier’s experience includes being a Managing Director and Investment Committee Member of various funds affiliated with Fortress Investment Group (now owned by Japan-based Softbank) and a private equity focused Managing Director at Nassau Capital, managing $2.5 billion on behalf of Princeton University. Mr. Glovier also worked in M&A and leveraged finance at Goldman Sachs and was a consultant at The Boston Consulting Group.
Mr. Glovier is currently a board member for The Retirement Industry Trust Association.
Mr. Glovier received a B.A. in Economics, cum laude, from Princeton University, and an M.B.A. as a Palmer Scholar from The Wharton School of the University of Pennsylvania. He also spent time in Australia on a Rotary International Fellowship, receiving a Masters of Economics from James Cook University and acting as a Goodwill Ambassador for the United States.
ABOUT STAR MOUNTAIN
Investing in the Growth Engine of America ® – Star Mountain Capital is a data-driven asset management firm focused on investing in the large and underserved U.S. lower middle-market of companies with typically between $10 million and $200 million of annual revenues. Star Mountain’s distinctive business includes its Collaborative Ecosystem ® powered by custom-built technology platform. Having invested in the U.S. lower middle market since 2001, Star Mountain’s team brings proven, large market resources to smaller businesses as a value-added lender and investment partner. Star Mountain was named one of the
As part of its ESG, Star Mountain’s Charitable Foundation, a not-for-profit 501(c)3 focuses on improving lives through economic development, including job creation, health & wellness and cancer research. Notable missions include helping match veterans and women with high quality small and medium-sized business career opportunities across the country, including within Star Mountain’s portfolio which in aggregate represents over 200 companies.
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