Sole Source Capital Founder, David Fredston, Wins “Private Equity Professional of the Year” Award

David Fredston, founder and managing partner of Sole Source Capital LLC, has been recognized as the “Private Equity Professional of the Year” by the M&A Advisor Awards. Fredston will accept the award at the nineteenth annual Virtual Awards Gala on Thursday, February 4, 2021.

Founded in 1998, The M&A Advisor publishes unique insights and intelligence on mergers and acquisitions. Over more than two decades, the company has become synonymous with trust and quality. With that in mind, receiving an award from the organization is a high honor, recognizing excellence, achievement, and thought leadership among the world’s top deal-making professionals.

Leaders in this demanding sector face a variety of challenges on a daily basis. Of course, 2020 has been no ordinary year, and private equity firms have had to adapt to meet the ongoing changes. Making the right acquisition decisions and weathering the tide has been a difficult feat – so this year’s awards carry additional significance.

“These award winners are the standouts of the year, representing the finest deals and professionals within the M&A industry. This period was ripe with challenges but also abundant with M&A activity, and these professionals were able to rise above the noise, executing transactions representing several hundred billions of dollars of enterprise value,” said Roger Aguinaldo, founder of The M&A Advisor.

David Fredston is one of the savvy professionals who has made excellent business moves in 2020, earning him “Private Equity Professional of the Year.” This honor was awarded by an independent judging committee of leading M&A industry experts. The title recognizes all that David Fredston has done during 2020 to elevate Sole Source Capital.

While this year has been an uncertain one, Sole Source Capital has soared with David Fredston at its helm. Earlier in 2020, the firm acquired both Miles Data and Dasco Label, adding to its expanding portfolio of companies supporting the delivery and shipping industries. What’s more, at the start of this month, the team announced that it would also be acquiring Coridian Technologies, a leading provider of innovative labeling, barcoding, data collection, RFID solutions, and more.

By actively expanding the firm’s portfolio of complementary, recession-resilient businesses, David Fredston has ensured its stability and growth. This year has thrown many challenges at business owners and private equity professionals, requiring them to adapt and move quickly. Since Sole Source Capital continuously adapted in light of the pandemic, it’s no surprise that David Fredston’s tireless work has been recognized.

“I am honored to be presented with the ‘Private Equity Professional of the Year’ award by The M&A Advisor. I am very proud of the Sole Source Capital LLC team and am looking forward to the continued success of the firm,” David Fredston said of his success.

About David Fredston and Sole Source Capital LLC

David Fredston is the founder and managing partner at Sole Source Capital LLC. Fredston founded SSC in 2016, and, as managing partner, expands the Sole Source Capital portfolio and works with leading companies. Previously, Fredston served as head of BD at The Gores Group, and, prior to that, he held positions at Goldman Sachs, Ladenburg Thalmann, and Long Green Capital Management.

Sole Source Capital LLC is a private equity investment firm, bringing a data-driven, operational approach to the lower-middle market. The firm operates an effective strategy to swiftly target high-growth industrial subsectors, such as precision manufacturing and industrial services. In 2020 and 2021, the firm has responded to the surge in the e-commerce sector to further expand its portfolio. Under the guidance of David Fredston, the company partners with management teams and founder-owned businesses.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes