NEW YORK--(BUSINESS WIRE)--Lincolnshire Management (“Lincolnshire”) a private equity firm focused on investing in and acquiring growing middle-market companies across various sectors, today announced the addition of David R. Corbin and John Waldron to the firm’s team of Operating Partners. The two experienced executives will work with management teams and investment professionals to build value within Lincolnshire portfolio companies.
“We are pleased to announce the additions of these two new operating partners to our expanding team,” said T.J. Maloney, Chairman & CEO of Lincolnshire Management. “David and John are successful hands-on executives whose management expertise will be vital in driving growth initiatives forward at our companies and in turn creating value for our investors.”
Lincolnshire Management’s 36-year track record of investing successfully through multiple business and economic cycles has sharpened a hands-on operational focus that helps create and maintain value in its portfolio companies. The firm has a long history and successful track record investing in and building companies across various industries, especially in niche manufacturing, service and distribution businesses.
Corbin is a proven leader who has been CEO of several companies throughout his career, primarily in the furniture, bedding and clothing industries. He was most recently CEO of American Silk Mills, a U.S.-based subsidiary of Sutlej Textiles, a $400 million global company with over 16,000 employees serving 65 countries. Corbin began his career at Procter & Gamble becoming Brand Manager of New Products, where he created and launched Pert Shampoo. David also previously served as CEO of a Lincolnshire Fund V portfolio company, Remediate8. David graduated magna cum laude from Princeton University and received his MBA from Harvard Graduate School of Business.
Waldron joins after a distinguished career at Schumacher Electric Company, where he rose to President, CEO and Vice-Chairman after serving in positions of increasing responsibility including Vice President of Operations and Executive Vice President. Schumacher Electric is the largest manufacturer and supplier of battery and EV chargers and vehicle starters in North America and was a portfolio company of Lincolnshire Equity Fund V until it was sold in April 2022. Waldron previously served in various executive roles at MagneTek Corporation, the largest U.S. supplier of motor controls, radio controls, and automation systems for industrial cranes and hoists. Waldron graduated from St. Joseph’s College with a BS in Accounting.
“We are pleased to have David and John join our expanding team and build on strong existing relationships with the firm,” said Philip Kim, Co-Managing Partner of Lincolnshire Management. “They have successfully led Lincolnshire portfolio companies and proven to be skilled business leaders with strong operating capabilities.”
“This industry is sustained by strong relationships, and we are excited to extend the firm’s relationship with David and John as they are very familiar with how we forge relationships with management teams and work with them to help our portfolio companies thrive,” said Tad Nedeau, Co-Managing Partner of Lincolnshire Management.
About Lincolnshire Management, Inc.
Lincolnshire Management, founded in 1986, is an experienced private equity firm focused on investing in companies across the lower middle market across an array of industries. Headquartered in New York with a satellite office in Chicago, the firm has established a strong reputation through identifying unique investment opportunities and through a team that brings deep sector, market and operational knowledge to each investment. The Lincolnshire team takes a collaborative approach to private equity investing drawing on extensive experience through many economic cycles across several industries. Lincolnshire Management has executed more than 56 platform investments and 38 add-on acquisitions since the firm’s founding in 1986 and has $2.0 billion under management. For more information, please visit: www.lincolnshiremgmt.com.
