Michelman names new director of business development

Mr Michelman will work closely with the company’s corporate development team that is engaged in acquisitions, joint ventures and all non-organic growth. His duties will include working with external advisors, as well as associates throughout Michelman, to identify acquisition opportunities. He will then be responsible for all aspects of closure among identified opportunities including due diligence, financing, investment analysis, negotiations and integration of key acquisition targets.

Mr Michelman brings 20 years of global acquisition experience having worked extensively throughout the USA, Europe and Asia. He has worked in investment banking with Citigroup in New York and London, and in a strategy and corporate development role with Europe-based manufacturer Vaillant Group. He most recently served as a principal of a private equity investment group located in Birmingham and London. He has also served on Michelman’s board of directors since 1999.

Steve Shifman, Michelman president and CEO, said: ‘Andrew has a proven track record of successfully originating and completing challenging transactions globally in the mergers and acquisitions space. He possesses significant strategic, commercial, analytical and negotiation skills which align directly with the skills and experience we require for this position.’