Austin Ventures Promotes Vernon Bryant and Scott Donaldson
Bryant and Donaldson to Continue Co-Leading Texas Middle Market
AUSTIN, TX -- (Marketwire) -- 12/18/12 -- Austin Ventures ("AV"), a
venture capital firm investing in early stage and middle market
companies predominantly in Texas, announced today the promotions of
Vernon Bryant and Scott Donaldson to Partner. Bryant and Donaldson
will continue to co-lead AV's Texas middle market investment efforts
alongside AV Founders and General Partners, Joe Aragona and Ken
"AV is excited to promote Vernon and Scott to Partner in recognition
of their successful investments in Texas middle market companies.
Vernon began co-investing with AV nearly a decade ago and his
partnership with Scott has been gaining momentum over the past
several years. This team has invested in seven Texas middle market
transactions since 2003, including the combination of Dallas-based
BenefitMall and CompuPay announced earlier this year," said Joe
Aragona. "The results of AV's Texas middle market investments have
been outstanding as exemplified most recently by the sale of
Waxahachie-based Magnablend to Univar. We will continue to grow this
segment of our business while we remain the largest and most active
early stage investor in Texas."
Vernon Bryant joined AV in 2011 after eleven years with TGF
Management Corp. ("TGF"), one of the most active middle market
investment firms in the Southwest and a frequent co-investor with AV.
He currently serves as a member of the board of directors of
BenefitMall/CompuPay, Houston-based Delta Rigging & Tools,
Dallas-based ENTACT, and San Antonio-based Sterling Foods. He
previously served as a member of the board of directors of
Magnablend, Houston-based Orion Marine Group (ORN), and Dallas-based
Southern Star Concrete (Acquired by Compania de Cementos Argos SA),
among other prior investments. Prior to TGF, Vernon was a Director at
the Beacon Group, LLC, a New York-based private equity and investment
banking firm. He was also an Associate with Sandefer Capital
Partners, an energy focused private equity firm in Austin and was a
CPA with Deliotte & Touche and Ernst & Young. Vernon received an MBA
from the University of Texas at Austin and a BBA in accounting from
Texas Christian University.
Scott Donaldson joined AV in 2007 after four years of prior middle
market investing experience. He currently serves as a member of the
board of directors of BenefitMall/CompuPay, Delta Rigging & Tools,
ENTACT, and Sterling Foods. He previously served as a member of the
board of directors of Magnablend, among other prior investments.
Prior to joining AV, Scott was a vice president and founding partner
of Silver Oak Services Partners, a private equity investment firm
based in Evanston, Illinois. Prior to Silver Oak, he was a private
equity associate at Willis Stein & Partners in Chicago and an
investment banking analyst at Thomas Weisel Partners in San
Francisco. Scott received his MBA from the University of Chicago
Booth School of Business and holds an undergraduate degree in
economics from Harvard University.
"This is an exciting time at AV. Our team, our Texas focus, and
recent results and new opportunities are as strong as ever in both
our markets," added Ken DeAngelis. "AV is well positioned to continue
its 30-year history of being the local venture capital partner of
choice for talented entrepreneurs and executives building early stage
and middle market companies in Texas."
About Austin Ventures
Austin Ventures ("AV") has worked with talented entrepreneurs to
build valuable companies for over 30 years. With $3.9 billion under
management, AV is the most active venture capital firm in Texas and
one of the most established in the nation. AV invests in early stage
and middle market companies, and its strategy is to partner with
talented executives and entrepreneurs to build industry-leading
companies predominantly in Texas. Visit Austin Ventures for more
For more information contact:
Director of Communications
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