Home Private Equity Dallas’ Crossplane Capital Announces 3 Promotions, and a New Hire » Dallas...

Dallas’ Crossplane Capital Announces 3 Promotions, and a New Hire » Dallas Innovates


Dallas-based middle-market private equity firm Crossplane Capital announced three promotions and one new hire.

The company said the moves come after a strong 2023 that included nine acquisitions and one exit. Since raising the firm’s initial institutional capital in 2019, Crossplane said it has closed nine platforms and 31 add-on acquisitions.

The firm said the three promotions are Patrick Lynch and David Harris to vice president and Will Huntsman to associate, while Teddy Koudelka joins the firm as an associate.

Patrick joined Crossplane in August 2020 and has been an integral member of the investment team, having been involved with closing two platform acquisitions and 23 add-on acquisitions across Empower Rental Group and Viking Fence. Patrick joined Crossplane after two years as an analyst with Citizens M&A in Atlanta.

“Over the last three years, Patrick has worked side-by-side with me on all ERG acquisitions,” Partner Greg Balliro said in a statement. “Not only is Patrick a unique talent with exceptional investment acumen, but he also has an innate ability to connect with sellers and their advisors to usher transactions to a closing.”

Harris joined the firm in January 2020 as Crossplane’s second associate hire. Crossplane said that over the last four years, Harris has been involved with closing three platform acquisitions, four add-on acquisitions and one exit, while also playing a dual role as a member of the Crossplane Operations Team where he manages value creation initiatives and drives accountability across the portfolio.

“David is Crossplane’s two-sport athlete as a member of both our Investment and Operations teams,” Managing Partner Brian Hegi said. “Not only is David a seasoned investment professional, but his background as a member of Alvarez & Marsal’s Performance Improvement practice has also made him a valuable member of the Crossplane Operations Team.”

Huntsman was promoted to associate in July after joining Crossplane in April 2022 as an analyst following three years with Peterson Partners in Salt Lake City, and in August, Koudelka joined the firm as an associate after two years as an analyst with Jefferies in Charlotte.

Launched in 2018, Crossplane Capital makes control investments in niche manufacturing, value-added distribution, and industrial business services companies. It said it seeks to partner with lower-middle market companies to enhance financial performance and generate strategic value creation.

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