Bethesda, MD -- American Capital Strategies, Ltd. (Nasdaq:ACAS), announced today that Mary Baskin, Managing Director of the Ansley Consulting Group, has been elected to its Board of Directors, effective immediately, and that Robert Allbritton has resigned his board seat.
"We're delighted that Mary has joined the American Capital board," said Chairman and CEO Malon Wilkus. "Her financial expertise, varied work experience and extensive personal network promise to make a significant contribution to the company. At the same time, we are sorry to see Robert Allbritton go. We are grateful for his years of service on the board and wish him the best."
Ms. Baskin was a co-founder and partner of Qualye Partners, a Chicago-based financial consulting firm, and has held senior positions at Harris Trust and Savings Bank and the Bank of Montreal. She serves as a director of the Presbyterian Investment and Loan Program and is a Trustee of the McCormick Theological Seminary, Chicago, Ill. Ms. Baskin received an undergraduate degree in economics from Wellesley College and earned an MBA at Harvard Business School.
American Capital is a publicly traded buyout and mezzanine fund. American Capital is an equity partner in management and employee buyouts; invests in debt and equity of companies led by private equity firms, and provides capital directly to private and small public companies. American Capital funds growth, acquisitions and recapitalizations.
Companies interested in learning more about American Capital's flexible financing and ability to provide senior debt, subordinated debt and equity should contact Mark Opel, Principal, at (800) 248-9340, or visit our website.
Capital.com, Inc., a portfolio company of American Capital Strategies, Ltd. (Nasdaq:ACAS), is a business finance portal where premier financing sources compete to provide receivable and inventory financing, machinery and equipment loans and leasing, real estate and construction financing, subordinated debt and equity financing for growth, acquisitions, management buyouts, liquidity, recapitalizations, ESOP transactions and SBA loans. Companies in need of financing or information about financial services should contact Capital.com at info@Capital.com, or call Harry Kelly, vice president, at (646) 935-1100.
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements regarding expected results of American Capital Strategies are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional or national economic conditions, or changes in the conditions of the industries in which American Capital has made investments.
