Graycliff Partners Adds Greg Olson as Operating Partner; Announces Promotions

Graycliff Partners LP today announced the addition of Gregory Olson, former Chief Development Officer for Ichor Systems, as an Operating Partner. In this role, Mr. Olson will work closely with Graycliffs investment team to source and evaluate new transactions and support current portfolio company management teams within Graycliffs dedicated equity strategy.

Prior to Ichor, Mr. Olson was the President and CEO of Talon Innovations, a Graycliff portfolio company, from 2012-2017. Under his leadership, Talon grew organic EBITDA 10X, acquired two companies, and added over 350 new jobs. Prior to joining Talon, Mr. Olson spent seventeen years at Graco Inc. in executive roles including Director of Global Engineering and Director of Global Product Marketing.

We are excited to have Greg as a dedicated member of our investment team, said Andrew Trigg, Graycliff Managing Partner. We have worked closely with Greg and found his judgment, operating expertise and leadership skills well aligned with Graycliffs investment strategy. We believe his contributions will be integral to managing growth and creating value in Graycliffs portfolio.

Graycliff was an invaluable partner during my time at Talon, said Mr. Olson. I look forward to working with the team in this new capacity.

Graycliff is also pleased to announce the promotion of Duke Punhong to Managing Partner and Brandon Martindale to Managing Director. Mr. Punhong joined Graycliffs predecessor, HSBC Private Equity, in 2004 from Cornerstone Equity Investors and prior to Cornerstone was a banker in the Financial Sponsors group at Bear, Stearns & Co. Inc. Mr. Martindale joined in 2008 from the Corporate and Investment Banking group at Wachovia Securities.

About Graycliff Partners LP

Graycliff Partners is an investment firm focused on lower middle market investments. Graycliff seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, recapitalizations, growth and expansion. For more information about Graycliff Partners visit www.graycliffpartners.com.

BackBay Communications
Caroline Collins, 617-963-0065
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