Shoreline Equity Partners Announces the Promotions of Ian Garland and Zach Mittelmark
Shoreline Equity Partners, a middle market private equity firm based in Ponte Vedra Beach, FL today announced the promotions of Ian Garland and Zach Mittelmark to the position of Principal.
Mike Hand, Managing Partner, said, “Having worked with Ian and Zach for many years, I was thrilled that they were part of the founding team that launched Shoreline in March 2019. Fast forward three years and they have made major contributions to the development of the firm. From business development to transaction execution and portfolio management, they have played a key role in our success to date. Beyond that, they have significantly contributed to the outstanding culture we have built.”
Peter Franz, Partner, said, “I’ve worked closely with Ian and Zach on transactions dating back to 2015 and I have continued to be impressed with their professionalism and development. They have both demonstrated leadership across sourcing, portfolio management and mentoring our associate team. They have contributed meaningfully to the fund’s early success and are very deserving of this promotion.”
Ian Garland was promoted from Vice President to Principal. Ian focuses on middle market investments based in the Southeast and currently serves on the Board of Mr. Greens, Pavement Partners, and Career Now Brands. Prior to Shoreline, Ian was a senior associate with PNC Riverarch Capital, a middle market private equity firm. Before joining PNC Riverarch Capital, Ian was an investment banking analyst at Raymond James working on various transactions in the communication and technology-enabled services industries. Ian holds a B.S. in Business Administration, magna cum laude, from the University of Florida, a M.S. in Finance from the University of Tampa, and is a CFA charterholder.
Zach Mittelmark was promoted from Vice President to Principal. Zach focuses on middle market investments based in the Southeast and currently serves on the Board of Mr. Greens, Engelman’s Bakery, and Pool Troopers. Prior to Shoreline, Zach was a senior associate with PNC Riverarch Capital, a middle market private equity firm. Before joining PNC Riverarch Capital, Zach was an associate with Hancock Capital Management, a private equity group operating within Manulife Financial Corporation. Zach holds a B.S. in Business Administration, magna cum laude, from Babson College, where he graduated with Beta Gamma Sigma Honors.
Shoreline is a lower middle market private equity firm focused on actively partnering with leading management teams. Shoreline follows a total stakeholder model, meaning success should be a “win-win” proposition for shareholders, employees, customers, vendors, and the communities within which the Firm’s companies operate. Shoreline professionals believe in honesty, incentive alignment, and creating bigger, better businesses without relying on financial engineering or cost cutting to generate returns. Investing out of the Firm’s inaugural $300 million fund, Shoreline seeks to lead equity investments of up to $100 million per transaction in support of buyouts, recapitalizations, and corporate divestitures. Targeted businesses have enterprise values ranging from $25 million to $250 million and EBITDA of $3 million to $25 million. The Firm strives to partner with management teams of businesses primarily within the specialized manufacturing, value-added distribution, and business and facility services sectors, among others. For more information, please visit www.shorelineequitypartners.com.