JP BolducChairman and CEO
J.P. Bolduc is currently Chairman and Chief Executive Officer of JPB Partners, LLC, a Columbia, MD based private equity investment holding company. JPB Partners lines of business are organized along functional groups:
- Private Equity Services
- Family-Owned Businesses and Real Estate Portfolio
- Real Estate Development and Investment
Previously a Presidential Appointee to three U.S. Presidents and Chief Executive Officer of a Fortune 100 company, Mr. Bolduc is frequently sought after as a speaker, consultant and advisor. Mr. Bolduc served as Chairman and Director of numerous social, civic and government Boards and Commissions and is a Director of several private and public corporations, including Unisys Corporation, EnPro Industries, Inc. Lance Inc., Newmount Gold and Mining Companies, Marshall & Isley Corporation, Proudfoot PLC and Sundstrand Corporation, to name a few. Mr. Bolduc was also a Trustee at the William E. Simon Graduate School of Business at the University of Rochester, an Advisor at the University of Notre Dame School of Graduate Studies and a Director of the Edison Preservation Foundation.
During 2003-2004, Mr. Bolduc served as President and Chief Executive Officer and Director of J. A. Jones, Inc., a multibillion dollar global construction and engineering services company. Mr. Bolduc was previously President and Chief Executive Officer, as well as Director, of W. R. Grace & Co., a Fortune 100 company, prior to establishing JPB Partners, LLC in 1995. In 1983, Mr. Bolduc joined W. R. Grace as Senior Vice President. Shortly thereafter, he was promoted to Chief Financial Officer and Vice Chairman and then onto President and Chief Executive Officer.
In 1990, Mr. Bolduc partnered with William E. Simon, Sr., the former U.S. Secretary of the Treasury under Presidents Nixon/Ford, to form Catterton-Simon Partners ("CSP"), a Greenwich, Connecticut-based private equity firm focused on the consumer products industry. Mr. Bolduc served as a Co-General Partner of CSP's first three private equity funds.
In 1988, while Chief Operating Officer of W.R. Grace, Mr. Bolduc was appointed as non-executive Chairman of the DeRance Foundation, the world's largest Catholic Foundation, located in Milwaukee, WI.
From 1982 to 1985, Mr. Bolduc served as Chief Operating Officer (COO) for President Reagan's Private Sector Survey on Cost Control (the "Grace Commission"). As COO of the Grace Commission, Mr. Bolduc led the efforts of 161 prominent business leaders (consisting almost entirely of Fortune 500 CEOs) and more than 2,000 private sector business leaders in a near three year study focused on identifying managerial and operational cost savings opportunities, as well as revenue enhancement initiatives in overall federal government operations. President Reagan also appointed Mr. Bolduc to his Task Force on Food Assistance in 1983.
Mr. Bolduc also served as a Vice President and Partner with the global management and technical consulting firm of Booz Allen Hamilton Inc. from 1977 to 1983. Prior to 1977, Mr. Bolduc served as a Presidential Appointee under Presidents Nixon and Ford.
Mr. Bolduc has been honored with several prestigious awards including the Excalibur Award presented by Sun Sentinel Newspaper in Ft. Lauderdale, FL; Outstanding Business Leader Award presented by Northwood University of Palm Beach, FL; Man of the Year Award presented by the Crohn's & Colitis Foundation of America; Junior Achievement Award presented by the Business Hall of Fame of Ft. Lauderdale, FL; the Howard County, Maryland Chamber of Commerce Person of the Year Award in 2009; and the highly recognized Public and Humanitarian Services Award presented by the Appeal of Conscience Foundation, in New York City.
Mr. Bolduc has served as Director of numerous private and public company Boards. Here are but a few of these Directorships:
Boca Raton Hospital, Inc.
BRS Realtors, LLC
Cross Country Healthcare, Inc.
Davis Calibration Services LLC
Edison Preservation Foundation
Hospice of Baltimore
Miami Dolphins, Inc. (Trustee)
Mid-Atlantic Development Corp.
Moss Software Corp.
University of Notre Dame, Graduate Studies
The Greene Turtle, LLC
Davis Calibration, LLC
Victoria Falls Multi Family, LLC
Bolduc Family Holdings, LLC
Sovereign Military order of Malta
William & Simon Graduate School of Business
JPB Partners, LLC
Parkside Water & Sewer Services, LLC
JPB Enterprises, Inc.
Brothers Gourmet Coffees, Inc.
Columbia Bank Corp.
EnPro Industries, Inc.
Grace Energy, Inc.
Marshall & Ilsley Corporation
Management Consulting Group PLC
Newmont Gold Company
Newmont Mining Company
W. R. Grace & Company
Mr. Bolduc possesses a B.A. Degree in Accounting from St. Cloud State University and has completed graduate studies in finance, human resources and general management. He is married to his wife of 53 years, and has four adult children.
Jay JangVice President
Jay Jang is a Vice President focused on buyout opportunities in consumer and healthcare.
Since joining JPB Partners in 2008, Mr. Jang has been involved in the execution, monitoring, and/or exit of JPB’s investments in St. Joseph's Aspirin, ZIPS Drycleaners, Ticknors Men Clothiers, Hometown Hospice and Homecare, Ted's Bulletin, and The Helpful Hardware Company (Ace Hardware Retailer).
Prior to joining JPB Partners, he served as Executive Vice President of Secondary Marketing for Corestar Financial Group, a national retail and wholesale mortgage lender responsible for pipeline management, loan sales, and risk management.
Mr. Jang currently serves as a member of the board for Ticknors Men’s Clothier, and served as a board member for Hometown Hospice and Homecare prior to JPB's exit.
He received a BA from Duke University, and an MBA from Loyola University Maryland.
Tom CullenChief Financial and Compliance Officer
Jim BolducSenior Managing Director
In his role as Senior Managing Director of JPB Capital Partners, Mr. Bolduc leads the execution team in deal sourcing and analysis, deal structuring and execution, post-investment value creation, and exit planning. Since joining JPB in 1997, Jim has been the principal architect of JPB's private equity operations.
Prior to joining JPB Partners, Mr. Bolduc was an Associate in the Investment Banking Group of Merrill Lynch & Co. in New York. During his tenure at Merrill Lynch, Mr. Bolduc led or participated in a myriad of acquisitions, divestitures, and equity and debt public offerings with an aggregate value in excess of $25 billion. Prior to Merrill Lynch, Mr. Bolduc served as a Management Associate with the venture capital subsidiary of Marshall & Ilsley CorporationM&I Ventures (now Mason Wells). Mr. Bolduc currently is a member of the board of directors of Value Drycleaners of America (dba, ZIPS), Ticknors Men's Clothiers, Mulligan's Beach House Bar & Grill, and South Moon Sales. Mr. Bolduc also serves as a Director on the Anne Arundel Medical Center Foundation Board of Directors.
Mr. Bolduc earned a Bachelor of Business Administration degree in Finance and Business Economics from the University of Notre Dame and a Master of Business Administration from the Colgate Darden Graduate School of Business Administration at the University of Virginia.
Mike KalinockSenior Vice President, Real Estate
Mike Kalinock joined JPB Partners in 1997 and has been the principal architect of the JPB Partners Real Estate investment group. Since joining JPB Partners, Mr. Kalinock has represented the company in the sourcing, acquisition, deal structuring, development and divestiture of more than $125 million in real estate transactions. Additionally, Mr. Kalinock's responsibilities have included strategic planning for the company's real estate group, asset management, property management and financing procurement for the company's portfolio.
Mr. Kalinock earned a Bachelor of Science Degree in Mathematics from Frostburg State University and a Master of Business Administration from the Robert H. Smith School of Business at the University of Maryland.
Tilghman HerringVice President, Real Estate
As Vice President of JPB Partners Real Estate investment group, Mr. Herring is responsible for identifying new acquisition opportunities and is involved in every facet of the deal process from financial analysis and LOI negotiation to due diligence, closing and post-closing implementation.
Mr. Herring joined JPB Partners in August 2017 after spending 10 years with Cushman & Wakefield (and predecessor companies), a leading global commercial real estate company. At C&W, Herring was a Director of leasing, specializing in the representation of institutional landlords and oversaw the leasing efforts for a 6.7 million square foot portfolio in the Baltimore-Washington Corridor. Prior to his role as Director of leasing, Mr. Herring was an Associate and Financial Analyst with the Investment Sales team at C&W, where he was responsible for financial underwriting, production of marketing materials and offering memoranda and facilitating purchaser due diligence and closing.
Mr. Herring earned a Bachelor of Science Degree in Business Administration and a Master of Business Administration from Mount St. Mary’s University.
Media Inquiries: Mary Glagola
Employment Opportunities: Mary Glagola
Private Equity Investment Opportunities: Jim Bolduc
Real Estate Investment Opportunities: Mike Kalinock