Stephen Stites Rises to Principal at Summit Park: A Key Player in the Firm's Investment Team
People | Jan 09, 2025 | Summit Park Partners LLC
Summit Park, a private equity firm, announced the promotions of Stephen Stites to Principal and Neale Butler to Senior Associate. Stephen, who has been with the firm since 2016, has progressed from an Associate to Vice President and now Principal, working closely with key portfolio companies such as Elliott Aviation, StableDry, and Thrust Flight. He also notably contributed to the successful realization of United Air Temp. Neale, who joined in 2022, works on business development and investor relations, supporting the firm's sourcing strategy and fundraising efforts. Co-Managing Partners Bob Calton and Jim Johnson view these promotions as a significant milestone marking commitment to team development and future growth.
Sectors
- Private Equity
- Investment Management
Geography
- United States – Summit Park is a private equity firm based in the United States, and the promotions occur within this geographical context.
Industry
- Private Equity – The article discusses promotions within a private equity firm, Summit Park, indicating its significance in the private equity industry.
- Investment Management – Both individuals promoted are involved in investment management activities, directly impacting the firm's portfolio and investor relations.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Summit Park | Private Equity Firm | Company | A private equity firm that focuses on investing in lower middle market companies. |
| Stephen Stites | Principal | Person | Recently promoted to Principal, Stephen plays a significant role in the firm's investment team and has been associated with major portfolio companies. |
| Neale Butler | Senior Associate | Person | Promoted to Senior Associate, Neale works within business development and investor relations, supporting essential functions such as sourcing and fundraising. |
| Elliott Aviation | Portfolio Company | Company | A company within Summit Park's active portfolio, closely associated with Stephen Stites. |
| StableDry | Portfolio Company | Company | Another company in the portfolio of Summit Park, indicating the diversity and breadth of their investments. |
| Thrust Flight | Portfolio Company | Company | A company within Summit Park's portfolio, indicative of the firm's investments. |
| United Air Temp | Realized Investment | Company | Stephen Stites played a key role in its realization, representing a successful exit for Summit Park. |
| Bob Calton | Co-Managing Partner | Person | Expressed pride in the promotions at Summit Park, indicating a focus on team development. |
| Jim Johnson | Co-Managing Partner | Person | Highlighted continuous growth and contributions expected from the promoted individuals. |