New York – September 2020
– Tailwind Capital (“Tailwind”), a middle market private equity firm focused on investments in the technology and business services, industrial services and healthcare sectors, announced that Rick Willett has joined the firm as an Operating Executive. Mr. Willett will work with the Tailwind team focusing on the Software and Technology Sectors.
Mr. Willett brings extensive experience as a CEO and board member across a wide range of Technology and Software businesses. Most recently, he served as Chief Executive Officer for QuickBase, a leading low-code application development platform provider. Mr. Willett was previously the Chief Executive Officer of Ascend Learning, a provider of software and on-line content solutions for healthcare professionals. Prior to Ascend, he was the CEO of NewPage, a manufacturing company and the COO of Teleglobe, a software-enabled telecom services business. He has also served as Executive Chairman of GetWell Network and is currently a board member of Spear Education. Mr. Willet started his career with General Electric Corporation and progressed through several of the leadership development programs. At GE, he worked across a range of general management and CFO roles in GE’s industrial and GE Capital operating units in North America, Europe, and Asia. Mr. Willett has a Bachelor of Science degree in Chemical Engineering from Worcester Polytechnic Institute and an MBA from Rensselaer Polytechnic Institute.
“I am very excited to join Tailwind,” Mr. Willett said. “I am looking forward to working with the Tailwind team to identify new investments in the technology sector and then working with the portfolio company management teams to execute their business plans and drive value creation.”
Sanjay Swani, a senior Partner at Tailwind and member of the firm's Management Committee, commented, “We are thrilled to further strengthen our technology and businesses services team with Rick’s addition. I have known and worked with Rick for many years. He will add significant insight in our evaluation of new investments in the software and technology sectors and superior operational acumen in assisting our management teams to grow and scale their businesses.”
About Tailwind Capital:
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within technology and business services, industrial services and healthcare. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.7 billion of committed equity capital, and has invested in 43 portfolio companies and over 120 add-on acquisitions.