We had no intent to do this but the more we got to know the Mann+Hummel folks, the more we felt the partnership was right., Air filter manufacturers are struggling to meet demand because of pandemic concerns, Smith adds. Harry Smith Director Fixed Income at Bancroft Capital, LLC New York City Metropolitan Area500+ connections Join to connect Bancroft Capital, LLC Dowling College About Licenses Series 7 Series. Bell is a Mount Olive resident who has served in the N.C. General Assembly since 2013 and gained increasingly prominent roles at the Republican-led legislature. NASHVILLE A startup pharmaceutical business has selected a shell building in the West Nashville Commerce Park as a base of operations and crews are at work readying the Cascone said the plan is to start the. Rise Capital helps empower them to better execute on strategy and outwork the competition. Eight years later, Flanders was the largest air filter manufacturer in the United States READ FULL BIO Scott Lampe Partner Companies controlled by Rise Capital are nearing annual sales of $200 million after the sale earlier this year of its biggest holding, air filter manufacturer Pamlico Air, Smith says. Smith will continue to lead Pamlico, according to the release. Our portfolio is comprised of solid performers in stable industries with great managers. For 40 years, sharing the stories of North Carolina's dynamic business community. The core capabilities of SMT include, cutting, bending, mig/tig/robotic welding, hardware insertion, powder coating, silkscreen and assembly. Copyright 2022 Business North Carolina. If you share our practical, no-nonsense approach, lets start a conversation. Now comes word that Bell will be joining a new venture capital firm headed by recently-departed UNC BOG chairman Harry Smith. Havens Wharf. Harry earned a Bachelors of Science in Business Administration from East Carolina University. Since 2016 Mann+Hummel has owned Wix Filters, a Gastonia-based maker of auto filters and other products. Rise Capital now controls four eastern North Carolina-based companies involved in air filters (Pamlico Air), electrical service (Pitt Electric), CBD products (Asterra Labs) and metal fabrication (Oak Ridge Metal Works), according to Smith. The sale was sparked by the desire of Rotheckers older partner, who is in his 70s, to exit the business, she said. Terms werent disclosed by Mann + Hummel, which has annual revenues of more than $5 billion. We are dedicated to helping our clients reach . Harry Moffitt Expand search. After several decades as controller, chief financial officer and later, executive vice president at Hendrick Motorsports, Scott Lampe joined forces with Harry Smith and Travis Stephenson to form Rise Capital in 2019. Rise Capital is an investment organization focused on growing stable, sustainable companies that benefit investors, employees and communities. Consectetur adipiscing elit. Private equity company Rise Capital bought Raleigh-based SMT, a fabrication company with 155 employees in a deal that closed Friday,, SMT CEO Susan Rothecker said. At Rise Capital, we back the brightest and most ambitious technology entrepreneurs in Emerging Markets as they build tomorrow's most successful, iconic, and impactful companiesin the world's largest and fastest-growing economies. (um, thanks, Timmy?). TPG Strategic Capital Fund. Search Modes All Images News Videos Shopping A graduate of UNC Wilmington, he previously worked for Raleigh-based Sentinel Risk Advisors and the North Carolina Federal Community Credit Union in Goldsboro.[]. When Harry Smith became CEO of Flanders Corporation, the company was in bankruptcy. At Rise Capital, we back the brightest and most ambitious technology entrepreneurs in Emerging Markets as they build tomorrow's most successful, iconic, and impactful companies. TPG Public Equity Partners. Like-minded entrepreneurs, the trio shared a vision to find and grow sustainable companies that delivered reliable and consistent returns to investors with long-term money to invest. Travis Stephenson - Rise Capital Board of Directors Travis Stephenson Partner Travis Stephenson is an eastern North Carolina native who, after years of leadership roles in various organizations, joined Harry Smith and Scott Lampe in founding Rise Capital in 2019. In addition to his partnership in Rise Capital, Travis is also CEO of Washington, NC-based Pamlico Air. Selected Companies from Across our Global Portfolio, Kueski is the leading online credit provider in Mexico and Spanish-speaking Latin America, Based in MENA, Kitopi is the world's leading managed cloud kitchen platform, Facily is Brazil's leading social commerce platform, GAIA is the leading online furniture platform in Mexico and Spanish-speaking Latin America, StockGro is India's leading financial literacy and investment education platform, Hopscotch is India's leading Direct-to-Consumer ("DTC") kids apparel brand, One Market Plaza, Steuart Tower, Suite 1000 San Francisco, CA. TPG Holdings. This is why Congress actually pays its members because frankly if your not a millionaire you cant The plan is to build service and manufacturing companies organically rather than acquiring debt-laden companies, he says. Rise Capital is a global investment firm that focuses on making expansion-stage investments in Internet businesses in the most prominent Emerging Markets. A spokesman for the Department. She has 30 years of experience in the industry. PREFACE. We back industry-leading businesses run. Suspendisse pulvinar scelerisque dictum. Pamlico operates plants employing a combined 1,300 in Washington and Wilson, along with plants in Reno, Nev., Wichita Falls, Texas and Lake Wales, Fla. A new 200,000-square-foot plant in Goldsboro expected to eventually employ 300 will open in the next month or so. Rise Capital Partners Skip to content Home We are a family-run real estate investment and property development company based in Minnesota. Countering the SEL-CRT-DEI alphabet mafia in public education, NC teachers charged with sex offenses STILL have active teaching licenses, Tubby little guy seeks cover for himself AND his Medicaid-expanding RINO pals, Rep. Neal Jackson: More local control needed on school calendar. He apparently realizes that so many of the younger House members cant afford to spend most of the year in Raleigh. 1.704.906.5012 | info@risecapo.com Home Our Portfolio The Rise Story Board of Directors Contact Us Board of Directors Instead of leveraging emerging technologies to disrupt existing industries, which can require massive investments in research and development and intellectual capital, Rise Capital works to build scalable, durable companies for the long haul. National team. As much as we complain about Congress members salary a broke person is more susceptible to corruption. Smith is a Greenville businessman who served on the UNC System Board of Governors between 2013 and 2020, including several years as chairman He is co-founder of Rise Capital, a private equity business and previously led Flanders Filters, a Washington, N.C.-based company that was acquired several years ago. After serving 26 years as the chief executive officer of Curi, Dale Jenkins joined Rise Capital as a board member in 2021, An Eagle Scout, John R. Bell IV started his professional career as a district executive with the Boy Scouts of America, in Clinton, N.C., and Panama City, Fla. TPG Digital Media. Today, Scott is driven to create sustainable companies that last throughout all phases of the business cycle, with an emphasis on operational excellence and the creation of fortress balance sheets. He earned a Bachelor of Science in Business Administration from East Carolina University. He is chair of the Cabarrus County Economic Development Board and a former member of the University of North Carolina Board of Governors. The Rise Story An investment company forged on relationships and grounded in helping long-term money find reliable and sustainable returns. Harry Smith AWM, CDFA, CIMA, CRPC Senior Vice President - Financial Advisor, Senior Portfolio Manager - Portfolio Focus Take control of health care in retirement No matter what you want your money to help you accomplish in life, planning for health care expenses in retirement is essential. All Rights Reserved, North Carolina Economic Development Guide. Its a lot of fun to grow., Smith praised Rothecker as a rock star CEO.. Scott started his career in public accounting with Dixon Hughes Goodman in Raleigh, NC. [] Smith is a former chairman of the UNC System Board of Governors. In the fourth episode of Harry's Last Stand. Smith is a former chairman of the UNC System Board of Governors. said it made a strategic investment in Washington, N.C.-based, N.C. Blue Cross profit declines 47% to $260.5M in 2020, Charlotte insurance provider Amwins buying big California brokerage, Fayettevilles new med school could add 837 jobs, State Employees Credit Union asks to meet with SEANC, Axium Packaging bringing $32 million investment, 118 jobs to Randolph County, Cofounders Capital raises $50M in third fund, Duke Energy seeks rate hike to cover higher fuel costs, North Carolina, Denmark agency sign wind energy agreement. An avid fisherman, Travis landed a 652.8 pound blue marlin to earn the coveted Big Rock title at the 2011 Big Rock Blue Marlin Tournament. Quick Settings. Demand for filters has increased amid the pandemic and desire for fresher air in homes, offices and industrial sites. The first time I met [Rise Capital partner] Harry Smith, I could tell he was as excited as I am every day, said Rothecker, who has led the company since she joined 20 years ago. Dorem ipsum dolor sit amet, consectetur adipiscing elit. The plan is to build service and manufacturing companies organically rather than acquiring debt-laden companies, he says. TPG Life Sciences Innovation. afford to be a representative in NC on the part time $13k they give. Travis Stephenson is an eastern North Carolina native who, after years of leadership roles in various organizations, joined Harry Smith and Scott Lampe in founding Rise Capital in 2019. He actively mentors business owners and entrepreneurs and advises mergers and acquisition analysis and deal structuring. Hi, welcome to my channel, here you will find videos on Woodturning and Woodworking. TPG Real Estate Finance Trust. Canada. Both Bell and Rules Chairman David Lewis once worked together for Raleighs Sentinel Risk Advisors. Asterra has pledged to create 25 jobs and invest nearly $1.82 million. Read our story. in January 2021. Rise Capital Latest . Smith represented Canada at the 1961, 1962, and 1963 World Ice Hockey Championships, winning a gold medal in 1961 [1] and silver in 1962. He is the former chair of the University of North Carolina Board of Governors. Eight years later, Flanders was the largest air filter manufacturer in the United States. He currently serves as vice-chair of the Appalachian State University Board of Trustees. Rise Capital is an investment organization focused on growing stable, sustainable companies that benefit investors, employees and communities. In addition to founding Rise Capital with Scott Lampe and Travis Stephenson, Harry actively mentors business owners and entrepreneurs, and advises mergers and acquisition analysis and deal structuring. Dorem ipsum dolor sit amet, consectetur adipiscing elit desire for fresher air in,! Development company based in Minnesota owners and entrepreneurs and advises mergers and acquisition analysis deal! 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