Los Angeles, CA –FocalPoint Partners announces the addition of Richard (“Rick”) Phillips as Managing Director to the firm’s Aerospace & Defense team.
This marks a key addition for FocalPoint, demonstrating the firm’s continued focus and commitment within the Aerospace and Defense industry. Mike Del Pero, who heads FocalPoint’s Aerospace & Defense sector coverage, as well as the firm’s broader Industrial’s group commented, “FocalPoint has long been dedicated to serving the needs of our clients in the North American Aerospace & Defense industry. We are truly excited to have Rick join our firm. He is well known and respected within the industry, having worked both on the investment banking side for many years as well as at the operator level. His depth of experience and expertise will further enhance our ability to offer clients a level of sophistication and strategic understanding not commonly found in the middle market.”
“I’m very excited to be joining the FocalPoint team”, commented Mr. Phillips. “I’ve known several of the founders since my earliest days in investment banking and have admired the firm that they have built over the years. I’m looking forward to bringing FocalPoint’s superior M&A execution skills and creative growth capital raising capabilities to my clients and relationships throughout the Aerospace & Defense industry. It’s a wonderful platform upon which to build.”
Prior to joining FocalPoint, Mr. Phillips was the CEO and Managing Director of Janes Capital Partners, a boutique Aerospace & Defense focused investment bank. Before that, Mr. Phillips led CIT/Edgeview’s A&D M&A team and co-founded the Aerospace-Defense-Government industry group at Houlihan Lokey. Mr. Phillips also has more than 15 years of experience in the Aerospace & Defense industry with Hughes Aircraft, Jet Propulsion Lab and TRW in the fields of cryogenics, infrared sensors, space systems and superconductivity, performing new business development, project management, research & development and technology management.
FocalPoint is an independent investment bank, specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings, and special situation transactions. With offices in Los Angeles and Chicago, the firm serves middle-market clients throughout the U.S. and has a dedicated industrial manufacturing team. Since its inception in 2002, FocalPoint has completed approximately $5 billion in transactions. For more information on FocalPoint Partners, visit focalpointllc.com