Axia Partners announces creation of Advisory Board
February 28, 2003
For Immediate Release
Waltham, MA., Axia Partners today announced the creation of an Advisory Board for its Private Equity Investment and Financial Advisory firm. The Board of Advisors initially consists of three highly experienced and qualified executives from the private equity, industrial technology and academia fields:
Paul Edgerley
Mr. Edgerley joined Bain Capital in 1988. He has been a Managing Director since 1990. Prior to joining Bain Capital, Mr. Edgerley spent five years at Bain & Company where he worked as a consultant and a manager in the healthcare, information services, retail and automobile industries. Previously, he worked at Peat Marwick Mitchell & Company. Mr. Edgerley received an M.B.A., with Distinction, from Harvard Business School and is a Certified Public Accountant. He received a B.S. from Kansas State University.
Peter Russo
Mr. Russo is an Entrepreneur-in Residence and the Director of the Entrepreneurial Management Institute (EMI) at the Boston University School of Management. Prior to joining the faculty at BU, Professor Russo served as the CEO of Data Instruments. He also serves as advisor and board member for a number of commercial and not-for-profit organizations. He received his MBA degree from Harvard University in 1980 and a BS degree from the Montclair State University in 1974.
Pete Simone
Mr. Simone currently serves as a director of Cymer, Inc., Oak Technology, Inc. and several private companies. He is an independent consultant to several private companies and the private equity community. Mr. Simone previously served as Executive Chairman of SpeedFam-IPEC, Inc. a semiconductor equipment company from June 2001 to December 2002 when it was acquired by Novellus Systems, Inc. He was a director of Active Controls eXperts, Inc. (“ACX”), a supplier of precision motion control and smart structures technology, while also serving as a consultant then President from January 2000 to February 2001 when it was acquired by Cymer, Inc. He served as President, CEO and director of Xionics Document Technologies, Inc., a provider of embedded software solutions for printer and copier OEMs from April 1997 until Xionics’ merger with Oak Technology, Inc. in January 2000. Mr. Simone served as Group Vice President of Simplex Time Recorder Company, Inc. a supplier of time management, building life safety and security software/hardware solutions from 1992 through 1996. Previously, Mr. Simone held various management positions, including President and director of GCA Corporation, a manufacturer of semiconductor photolithography equipment. Mr. Simone received a B.S. in Accounting from Bentley College in 1970 and an MBA from Babson College in 1974.
“We are excited to have Paul, Peter and Pete join our Advisory Board”, stated Jim Pelusi, Managing Partner and co-founder of Axia Partners. “They bring a wealth of experience and a broad perspective to our firm and we look forward to working with them as we grow Axia Partners into a leading firm in our targeted industries”
About Axia Partners
Axia Partners (www.axia-partners.com) is a private equity investment and advisory firm that is dedicated to increasing the equity value of our portfolio companies and clients through active participation that leverages the operational experience and in-depth market knowledge of our General Partners. Axia operates as both a private equity investment firm through Axia Capital and as financial advisors through Axia Advisors. Axia is unique in that we focus on these small to midsize transactions in the markets where we have demonstrated, real-world experience.
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