Waud Capital Partners entered 2025 with notable activity on multiple fronts: partner promotions recognizing internal talent, and a healthcare acquisition extending the firm’s portfolio. These developments illustrate continued momentum at the Chicago-based private equity firm Reeve B. Waud founded in 1993.
His January 2026 announcement appointing Debbie Osteen as Acadia Healthcare CEO came against this backdrop of ongoing firm activity.
Three New Partners Promoted
Waud Capital announced three partner promotions in January 2025. Tim Cremieux, Kyle Lattner, and Paul Sutphin were elevated to Partner, while Mike Lehman was promoted to Principal.
Reeve B. Waud’s statement accompanying the promotions emphasized talent development: “At Waud Capital, we firmly believe that exceptional people drive exceptional value, and it holds true in both our portfolio and firm. I am proud of the caliber of talent we have within Waud Capital.”
The Mopec Group Acquisition
Also in January 2025, Waud Capital acquired Mopec Group, a supplier of equipment, consumables, and services for anatomic pathology and laboratory markets. The acquisition from Blackford Capital added a healthcare services company to Waud Capital’s portfolio.
Mopec, founded in 1992 and headquartered in Madison Heights, Michigan, serves hospitals, universities, morgues, and other facilities. The investment falls within Waud Capital’s Medical Device & Supply Services campaign led by Executive Partner Brad Staley.
Healthcare Investment Momentum
The Mopec acquisition demonstrates continued Waud Capital activity in healthcare services. The firm’s healthcare investments have included platforms across physician practice management, specialty healthcare services, and behavioral health.
Kyle Lattner, one of the newly promoted partners, helped lead the Mopec investment along with the recent Senior Helpers acquisition. He also supports portfolio companies including APDerm and Ivy Rehab, reflecting the firm’s integrated approach to deal sourcing and portfolio management.
Firm Culture and Development
The partner promotions reflect Waud Capital’s approach to developing internal talent. The firm’s team of approximately 70 professionals includes individuals who have grown through the ranks over years of service.
Reeve B. Waud’s philosophy of partnering with experienced operators extends to building his own firm’s leadership. The promotions recognize professionals who have contributed to successful investments and portfolio company growth across Waud Capital’s healthcare and software/technology focus areas.