DALLAS, Dec. 6, 2010 /PRNewswire/ -- Following its launch earlier this month, Equity Risk Partners-Texas (ERP-Texas) has announced the appointment of Michael T. Viracola as Director of Business Development. Mr. Viracola will be responsible for generating and managing business relationships in Texas and the Southwest. He was introduced at a kickoff celebration on December 1 at the Dallas Petroleum Club with 100+ business leaders in attendance.
ERP-Texas was recently established as a joint venture between insurance brokers Equity Risk Partners (ERP) and Lipscomb & Cathey (L&C) that focuses on servicing the insurance and risk management needs of private equity firms in Texas and the Southwest, as well as Texas businesses with operations in other parts of the country and around the world. As a dedicated producer, Mr. Viracola will focus on expanding ERP's private equity focus into Texas, and building on L&C's presence with businesses in Texas and the Southwest.
"Mike will be a tremendous asset to this partnership," stated Michael Marcon, Founder and CEO of ERP. "As ERP-Texas positions itself to generate private equity deal flow throughout Texas and the Southwest, his unique skill set will allow us to provide enhanced products and services to our clients as well as increase our footprint in this region."
Mr. Viracola has over 20 years of experience in institutional investment services, and has held various senior-level positions focusing on client service and global business development within this sector. He joins ERP-Texas from Pepperwood Partners, where he was a Managing Partner focused on developing institutional funding relationships with pension funds, private equity funds, family offices and high-net-worth individuals.
"I am excited to have this unique opportunity to take my experience in the institutional arena and overlay it with ERP's private equity capabilities and L&C's regional expertise," said Mr. Viracola.
Mr. Viracola holds an undergraduate degree and MBA from the University of Notre Dame, and is an ex-professional football player. He will be based out of ERP-Texas's Dallas headquarters and can be reached at firstname.lastname@example.org or (214) 420-5266.
About Equity Risk Partners-Texas (ERP-Texas)
ERP-Texas is a Dallas-based insurance brokerage that focuses on the needs of the private equity space in Texas and the Southwest. Comprised of an experienced team of dedicated professionals, ERP-Texas provides a full range of insurance, employee benefits, and risk management consulting services for private equity firms and their portfolio companies, as well as high-net-worth personal lines. Combining extensive industry expertise with a proven commitment to client service, ERP-Texas is built on a solid reputation of putting clients first and providing value through innovative insurance solutions.
SOURCE Equity Risk Partners-Texas