LMP Promotes Spencer Hurst to Principal and Mark Adelman to Vice President of Operations

LMP, a private equity firm specializing in growth-oriented companies, has recently announced the promotions of Spencer Hurst and Mark Adelman. Hurst has been promoted to Principal, while Adelman has been promoted to Vice President of Operations. These promotions highlight the significant contributions and dedication of both individuals to LMP's continued growth and success.

The Managing Partners at LMP, Bob Belke and Steve Pierson, expressed their excitement about the promotions and acknowledged the crucial role Hurst and Adelman play in navigating the ever-changing investment landscape. Their hard work and commitment have proven instrumental in the firm's achievements.

Spencer Hurst, who joined LMP in 2016, previously served as a Vice President at the firm. During his tenure, Hurst has made significant contributions to various investments, including Fortis, National Auto Care, Foreside, Billhighway, LSQ, ACU-Serve, and Definiti. Prior to joining LMP, Hurst worked as an investment banking Associate at Keefe, Bruyette & Woods. He holds a Bachelor of Arts in Economics, graduating Cum Laude from Middlebury College.

Mark Adelman, who joined LMP in 2018, is now leading data & analytics, strategic technology, and portfolio monitoring for the firm. Additionally, he is heavily involved in business development, corporate development, investor & public relations, HR & training, cybersecurity/IT, and other important initiatives. Adelman is also a member of LMP's ESG and Business Development committees. Before joining LMP, Adelman worked as an Investment Analyst at Hamilton Lane's Fund Investment group and held a position as an Operations Specialist at Archer. He holds a Bachelor of Arts in Economics from Franklin & Marshall College.

About LMP

Lovell Minnick Partners is a private equity firm with a 25-year track record of partnering with growth-oriented companies. With deep sector experience and a broad network of strategic advisors, LMP helps founders scale their companies at an accelerated pace. The firm collaborates with management teams to achieve long-term success and value creation through organic growth and strategic acquisitions.

Since its inception in 1999, LMP has raised over $4.75 billion of committed capital. They have invested in more than 50 unique platform companies and completed over 175 add-on acquisitions. LMP primarily targets growth-oriented, middle-market companies, with a particular focus on businesses in the financial services, business services, and financial technology sectors.

In Conclusion

The promotions of Spencer Hurst and Mark Adelman to Principal and Vice President of Operations, respectively, at LMP reflect their outstanding contributions and dedication to the firm's growth and success. LMP continues its commitment to partnering with growth-oriented companies and leveraging its extensive experience to drive long-term success and value creation. These promotions are a testament to LMP's focus on recognizing and rewarding exceptional talent within their organization.