Colorado-based private equity firm Grey Mountain Partners has promoted Ben Ault to managing director following his “outstanding contribution” to the firm’s growth.
Ault has primarily focused on deal sourcing and the firm’s Executive Sponsorship Program, and has helped build Grey Mountain’s presence in the lower mid-market.
He was previously with the M&A group of Goldman Sachs in New York.
Colorado-based Grey Mountain last fundraised in 2010, when it gathered about $225m of commitments for its second fund.
The sector-agnostic firm targets lower mid-market companies with enterprise values between $30m and $150m.
Last month the firm sold rubber polymers maker Robbins Holdings to strategic buyer Hexpol, which it had bought into five years earlier.
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