|Venture Fund Member Profile
EGL Ventures was founded in 1988 to make private equity investments in the Southeast. The firm has had a consistent investment strategy since inception and seeks situations where the combination of ideas, dollars, experience, and relationships can create long-term sustainable shareholder value.
Together, the firm's general partners have over 40 years of experience in private equity investments, both in the U.S. and in Europe.
Sal Massaro has been a partner at EGL since he and David Ellis founded the EGL venture capital and private equity business in 1988. Mr. Massaro has had responsibility for growth capital investments in a broad range of industries including information technology, telecommunications, instrumentation, and healthcare. As a board member of several EGL portfolio companies, Mr. Massaro has provided advice on strategic, financial and operational challenges to companies at all stages of development.
Sal began his career in the management consulting group of Price Waterhouse in New York City in 1978. In this role, he advised clients on their financial management information systems, and on mergers and acquisition activities. Representative clients included Corning Glass Works, Drexel Burnham Lambert, and The Ford Foundation.
In 1982, he took an operational role as CFO of Telesphere International, a supplier of long-distance and operator-assisted telephone service and telecommunications equipment to the hotel industry. He was responsible for all finance, accounting, tax, and investor affairs of the company, completing a mezzanine round of venture capital and managing the company’s initial public offering through D.H. Blair & Co. At the time, he was the youngest CFO of a publicly-traded company in the United States. Before leaving Telesphere, Mr. Massaro financed the company’s entry into the long-distance business by raising secured debt capital through Chemical Bank and through a secondary public offering managed by Smith Barney & Co.
In 1985, Mr. Massaro moved to Atlanta to join Prudential-Bache Venture Capital, Inc. (“PBVC”) as Vice President, Business Development. PBVC was the venture capital arm of Prudential-Bache Securities, organized as a public limited partnership. PBVC was an early attempt to provide venture capital returns to the individual retail investor. Sal joined David at CFA in 1986. In 1988, he and David launched EGL’s private equity business.
Salvatore participated in the FundingPost event: Atlanta VC and Angel Event
on Thursday, March 1, 2012 in GA, Sponsored by Chamber of Eco Commerce
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|Venture Fund Member Profile|