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Gar Lippincott currently serves as a Principal with Atlantic American Investment Partners (“AAIP”), a Small Business Investment Company in formation. AAIP has received its go-forth letter from the SBA, and is in the process of raising private capital. This fund represents the first SBIC structured as a qualified investment for a bank investing through its Bank Owned Life Insurance program. Prior to joining AAIP in late 2005, 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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