SALT LAKE CITY, Feb. 14, 2017 /PRNewswire/ -- Sorenson Capital today announced that it has promoted Peter Sturgeon to managing director. In his new role, Sturgeon will be leading Sorenson Capital's investment efforts in Arizona.
As managing director, Sturgeon will continue to grow investment opportunities in Arizona and in the key industries of interest to Sorenson Capital where he has strong experience, including energy and software. He will also continue to serve on the board of directors of several of the companies Sorenson Capital has invested in.
Sturgeon first joined Sorenson Capital in 2006 as an associate, working on investments in oil and gas, technology, consumer goods, and aerospace before leaving to pursue his MBA at Stanford University in 2008. Prior to his joining Sorenson Capital, Sturgeon was an associate at Boston Consulting Group, where he worked as a strategy consultant focused on energy and transportation companies.
Sturgeon returned to Sorenson Capital in 2010, and has been an integral team member on investments in the energy industry with NCS Energy Services and DEPCOM Power; the aerospace industry with Custom Control Concepts; and software industry with Experticity, among others. Seeing the potential for new investments in the region, he relocated to Arizona to further Sorenson Capital's efforts in the state.
"Since Peter first joined us, we've seen his passion for nurturing companies and instinctively tapping into new industries for investments," said Ron Mika, co-founder and managing partner of Sorenson Capital. "As managing director, Peter is solidifying our presence as a prominent private equity firm in Arizona."
Sorenson Capital has invested in multiple industries in Arizona, including aerospace, manufacturing, and energy. Most recently, Sturgeon led the firm's investment in clean energy company DEPCOM Power.
About Sorenson Capital
Sorenson Capital (www.sorensoncapital.com) is a private equity firm that makes small to middle-market buyout and growth equity investments. Sorenson Capital has more than $1 billion in capital under management and typically makes investments of $10 to $40 million in companies with unique strategic positions. Sorenson Capital is managed and controlled by West Rim Capital and is based in Salt Lake City, Utah.
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SOURCE Sorenson Capital