Star Mountain Capital announced that Gregory Summe has joined as Senior Advisor.
Summe has 30+ years of experience as an investor, operator and C-level executive with additional leadership experience through serving as a board member for multiple companies in the engineering, aerospace, finance and data analytics industries. He has completed over 200 private equity investments as an investment committee member and has also acquired or sold more than 40 companies as a company CEO.
Summe spent 5 years as Vice Chairman, Partner, and Investment Committee member of the Global Buyout group at The Carlyle Group (~$375 bn AUM). He was also a member of Carlyle’s Operating Committee.
Prior to Carlyle, Summe served as a Senior Advisor to Goldman Sachs Capital Partners. During his tenure at Goldman Sachs, he was the interim CEO of the Hawker-Beechcraft Corp (a Goldman Sachs Capital Partners portfolio company).
Before moving into private equity, Mr. Summe joined PerkinElmer in 1998 as President and in 1999 was elected Chief Executive Officer and Chairman of the Board. During his tenure at PerkinElmer until 2009, Mr. Summe transformed the company from a diversified defense contractor known as EG&G to a global technology leader in health sciences.
“Greg has tremendous industry, operating and investment insights that we believe will be additive to our portfolio companies, investors and team,” said Brett Hickey, Star Mountain Capital Founder & CEO. “We constantly strive to increase the probabilities of our desired results including with smart and aligned people like Greg who bring complementary experiences, resources and relationships.”
“Star Mountain’s purpose-built business model bringing larger market expertise to smaller businesses in the large and fragmented lower middle-market is differentiated and compelling,” said Greg Summe. “I am excited to work with long-time and new friends at Star Mountain to help them continue to execute against their mission of bringing as much value as possible to this underserved lower middle-market.”
Prior to joining PerkinElmer, Summe was with AlliedSignal, now Honeywell International, serving as the President of General Aviation Avionics, President of the Aerospace Engines Group and President of the Automotive Products Group. Before joining AlliedSignal, Summe was the General Manager of Commercial Motors at General Electric and was a Partner with the global consulting firm McKinsey & Company, Inc.
Current public and private board roles include NXP Semiconductors NV where he is the Chairman of the Compensation Committee, State Street Corporation where he is the Chairman of the Strategy Committee, Avantor Inc. where he is the Chairman of the Nomination & Governance Committee and Pella Corporation where he is the Chairman of the Compensation Committee.
Summe holds B.S. and M.S. degrees in electrical engineering from the University of Kentucky and the University of Cincinnati, as well as an M.B.A. (with distinction) from the Wharton School at the University of Pennsylvania. He is in the University of Kentucky’s Hall of Distinction.