| Mr. Lippincott currently serves as a Managing Principal with Atlantic American Opportunities Fund I, LP (“AAOF”). AAOF represents the first state wide, professionally managed, diversified investment fund which is exclusively designed to allow foreign investors and their family members to qualify for a U.S residence Visa (“Green Card”) by making an investment in AAOF. AAOF, in turn, invests in Job Creating Enterprises in Targeted Employment Areas throughout the state of Florida.
Prior to joining AAOF, Mr. Lippincott served as President of Dominion Capital Group, a small Tampa-based merchant bank providing senior and subordinated loans, and equity capital to small businesses in the Southeast U.S. From 1994 to 2003, Mr. Lippincott served as CEO of Central Electric Company, a leading provider of electrical switchgear, packaged electrical control centers and other electrical equipment sold throughout the U.S. to utilities, mines and industrials. Under his tenure at Central Electric, Mr. Lippincott helped grow the company from $15mm in revenue in 1994 to $50mm in revenue in 2001, at which time it was sold to AZZ incorporated (NYSE:AZZ).
After receiving a BA in Economics from DePauw University in 1982 and an MBA in Finance and Investments from Indiana University in 1984, Mr. Lippincott joined the Capital Markets Group of Metropolitan Life. While at Met, Mr. Lippincott was responsible for numerous investments in senior debt, subordinated debt, and various types of equity throughout the Midwest and Southeastern U.S. Prior to his departure in 1990 for Banque Paribas, Mr. Lippincott was responsible for Met Life’s LBO activity, through a partnership with First Boston. While at Paribas, Mr. Lippincott headed a team focused on the structuring, underwriting and syndication of bank lines of credit for highly leveraged borrowers. In this role, Mr. Lippincott led numerous deals for companies such as Revco Drugstores and Sealy Mattress, among others. Mr. Lippincott sits on several corporate and charitable boards, and is a Chartered Financial Analyst.
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