Byron Trott | |
---|---|
Born |
Springfield, Missouri, United States |
December 2, 1958
Residence | Winnetka, Illinois, United States |
Nationality | American |
Alma mater | University of Chicago (AB, MBA) |
Occupation | Investment banker |
Spouse(s) | Tina Trott |
Byron David Trott (born December 2, 1958) is the founder, chairman and CEO of BDT Capital Partners, a merchant bank that provides advice and capital to family and founder-led companies. Formerly, Trott was vice chairman of Investment Banking at Goldman Sachs. Warren Buffett has called Trott "the only banker he trusts".
Raised in Union, Missouri, Trott received an AB from the University of Chicago in 1981 and an MBA from the University of Chicago Booth School of Business in 1982.
In 1982, Trott joined Goldman Sachs as a stockbroker, joining Goldman's investment banking division in 1988 and serving underneath future U.S. Treasury Secretary Henry Paulson. He eventually rose to become vice chairman of investment banking at Goldman Sachs. He advised many of the wealthiest families and closely held companies in deals ranging from the $23 billion Mars-Wrigley combination, the Pritzker’s $4.5 billion sale of Marmon Holdings to Berkshire Hathaway, and the $5 billion capital infusion from Berkshire Hathaway into Goldman Sachs in September 2008 during the financial crisis.
Trott left Goldman Sachs in early 2009 to strike out on his own. He runs Chicago-based BDT Capital Partners. BDT Capital Partners is a merchant bank that provides long-term capital and advice through its affiliate BDT & Company to help family and founder-led businesses pursue their strategic and financial objectives. BDT Capital Partners manages more than $9 billion across its investment funds from its global limited partner investor base. Among the fund’s investments are a partnership with the Stephen family in Weber-Stephen Products, a manufacturer of barbecue grills; a minority stake in Pilot Flying J, which operates U.S. highway rest stops and is controlled by Tennessee's Haslam family; a minority investment in Tory Burch LLC; the Wrigley Building in Chicago; a partnership with the Rales family in Colfax, an industrial manufacturer, a partnership with the Eckstein family in Marquette Transportation; a partnership with Alliance management and co-investors in Alliance Laundry Systems, the world’s leading commercial laundry equipment manufacturer; and a partnership with Cox Enterprises and its founding family to facilitate the acquisition of Dealertrack. BDT Capital Partners also partnered with the Malnati family to acquire an equity stake in Lou Malnati's Pizzeria and partnered with founder and CEO Mark Kaufman on an investment in Athletico Physical Therapy, a provider of orthopedic rehabilitation services. Additional minority portfolio investments include Peet’s Coffee & Tea, Caribou Coffee, Einstein Bros. Bagels and Krispy Kreme Doughnuts, in addition to JDE and Keurig Green Mountain, all in partnership with JAB, the investment vehicle of the Reimann family from Germany.