The Falfurrias Capital Partners Story
Former Bank of America executives Hugh McColl and Marc Oken founded Falfurrias Capital in 2006. Shortly thereafter, Ed McMahan joined the firm as a Partner after successful stops at investment bank Bowles Hollowell Conner & Co., and private equity firm Chicago Growth Partners. The Partners subsequently raised a $97 million 2006 vintage fund.
Falfurrias rounded out the senior team with Partner Todd Taylor (former Founder of CustomMedia and Operating Advisor at PE firm Nautic Partners), CFO and Operating Partner JJ Schonberg (former CFO at hedge fund Mangan & McColl Partners), and Operating Partner & CTO Rob Cummings (former President of software firm MobileHWY). Todd Taylor, JJ Schonberg, and Rob Cummings brought real-world, mid-market operating experience to apply to Falfurrias portfolio companies. They serve on the Boards and work on strategic projects for each company in the Falfurrias Capital portfolio.
The Falfurrias team has grown to ten professionals. Wilson Sullivan re-joined the firm in 2012 to lead the firm's business development efforts. Chet Walker, founder of Bank of America Capital Investors, chairs the Falfurrias investment committee. Falfurrias also engages industry experts when diligencing prospective acquisitions and has brought in other senior executives to bring industry expertise to Boards of its portfolio companies.
Falfurrias' focus since inception has been on middle-market firms based in the Southeast United States. The FCP team believes that this market requires unique tools and skill sets to be successful and have thoughtfully invested in resources to best position the firm to support middle-market companies. Specifically, the FCP Principals' reputation and longstanding relationships throughout the region are critical. Hugh McColl and Marc Oken have built unique, proprietary networks over the years. Ed McMahan and Todd Taylor bring additional, complementary relationships after spending 40 plus years, collectively, focused on companies in the region. The firm has sourced the majority of the portfolio companies in Fund I through direct efforts, thereby working closely with owners and managers and avoiding auction processes.
Falfurrias Capital made six platform investments in Fund I and several add-on investments. To date, Fund I returns have been in the top decile as compared to other 2006 vintage funds. Falfurrias is now investing capital from its second fund using the same strategy adopted back in 2006.
The firm actively participates in and supports philanthropic causes in the Charlotte community. Pictured here is the Falfurrias team working with the local Habitat for Humanity Charlotte chapter building new homes in the community. Falfurrias has also volunteered with Junior Achievement of Central Carolinas, Inc. to prepare our future leaders of tomorrow for the financial world.
Falfurrias Capital derived its name from a favorite hunting town of Hugh McColl and Marc Oken in Falfurrias, Texas. The former Bank of America executives and Co-Founders of the firm have hunting campsites in nearby Sarita, Texas.