Patrick Walsh (investor)

Patrick Walsh (born December 26, 1975) is an entrepreneur and investor in the United States. He is the founder and CEO of PW Partners, LLC, an investment management firm. Walsh is also the Chairman and Chief Executive of Town Sports International, a holding company that trades on the NASDAQ under the symbol CLUB.[1]

Early life and education
Patrick Walsh the 2018 EY Entrepreneur of the Year award winner in the New York region.

Walsh studied economics at Wesleyan University and played football and baseball[2][3] until he suffered a severe back injury playing football. He transferred to Boston College after his freshman year and graduated with a degree in accounting. After graduation, he earned the Chartered Financial Analyst designation.[4]

Early business career

Walsh worked from 1998 to 2004 at Prudential Capital Group and Prudential Securities in real estate private equity and equity research; from 2004 to 2008 at Deutsche Bank as an investment banker and at a private hedge fund based in Chicago from 2008 to 2011.[4]

A 2014 article in Restaurant Finance Monitor stated that "each of the chains with which he has become involved have thrived on Wall Street in his wake."[5]

Walsh invested in Town Sports International and said that the fitness business had been his worst investment.[4]

Town Sports International Holdings

In September 2016 Walsh became Chief Executive Officer.[1] Walsh vowed to Town's shareholders that he would never give up.[6]

Town Sports International started to make acquisitions in September 2017 acquiring the Lucille Roberts brand, an all woman's fitness chain.[7] In December 2017, Town acquired the luxury brand TMPL [8] and in early 2018 the Company acquired Total Woman, an all woman's fitness chain based in California.[9] Since taking over as CEO Walsh has overseen acquisitions of more than 30 clubs.[10]

In 2018 Walsh won the New York region of the 2018 Ernst & Young Entrepreneur of the Year Award.[11][12]

References
  1. "Town Sports Names Patrick Walsh CEO, Consolidates COO Role". Club Industry. May 4, 2017. Retrieved May 11, 2018.
  2. "Pat Walsh". Wesleyan Athletics. Retrieved May 11, 2018.
  3. "Pat Walsh". Wesleyan Athletics. Retrieved May 11, 2018.
  4. Gara, Antoine. "Meet Patrick Walsh, The Do-It-Yourself Hedge Fund Activist You've Never Heard Of". Forbes. Retrieved May 7, 2018.
  5. "Activist Bug Bites BJ's Restaurants - Restaurant Industry Insight and Analysis - March 2014". www.restfinance.com. Retrieved May 15, 2018.
  6. "Letter from the Chairman 2015".
  7. "Town Sports International to Acquire Lucille Roberts Health Club Business". Club Industry. July 14, 2017. Retrieved May 7, 2018.
  8. "Building a "TMPL" to Fitness with Town Sports International". Cheddar. Retrieved May 7, 2018.
  9. Partners, Riordan, Lewis & Haden | Equity. "RLH Equity Partners portfolio company, Total Woman, acquired by Town Sports International". www.prnewswire.com. Retrieved May 7, 2018.
  10. "Town Sports International Reports $8 Million Increase in Q1 2018 Revenue". Club Industry. April 30, 2018. Retrieved May 11, 2018.
  11. "Meet the 2018 Finalists".
  12. EY. "EY Announces Winners for the Entrepreneur Of The Year® 2018 New York Award". www.prnewswire.com. Retrieved June 13, 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.