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Hugh McColl
Co-Founder and Chairman

Biography

Mr. McColl is the Co-Founder and Chairman of Falfurrias Capital Partners.

Prior to founding the firm, Mr. McColl was Chairman and CEO of Bank of America. During his tenure as Chairman and CEO, Mr. McColl grew the institution more than fifty-fold, as the bank greatly expanded its offerings of financial products and services, entered new markets across the United States and around the world, and became an industry leader in retail, commercial, corporate and investment banking.

Career Highlights

  • Former Chairman and Chief Executive Officer of Bank of America
    • During his tenure, grew Bank of America from $12 billion in assets in 1983 to over $642 billion, $364 billion in deposits, and $48 billion in shareholders' equity upon his retirement in 2001
    • Successfully identified and integrated over fifty acquisitions
    • Bank of America's total shareholder return averaged 17 percent per year during his tenure
  • Founded several businesses following retirement from Bank of America, including McColl Partners, a middle-market investment bank; McColl Brothers Lockwood, a business advisory firm; McColl Garella, an investment banking company focused on serving firms owned by women; and MME, a New York-based gallery and art dealer
  • Served as Chairman of the Board of Directors at previous Falfurrias portfolio company Dorsey Wright & Associates and as a Member of the Board of Directors of Bank of America, General Parts, Faison Enterprises, Ruddick Corporation, Sonoco Products, Cousins Properties, CSX Corp., and Jefferson Pilot
  • Maintains an extensive network of business contacts, including members of Fortune 1000, management of numerous financial institutions, and members of leading international organizations
  • Distinguished military service as an Officer in the United States Marine Corps

Education

  • BSBA from the University of North Carolina at Chapel Hill

Accomplishments

  • Built the largest bank in the United States, growing assets from $12 billion to $642 billion
  • Integrated over $90 billion in acquisitions
  • Hired and managed hundreds of executives
  • Successfully directed businesses through seven economic cycles
  • Managed early-stage businesses, including a startup that was guided to a successful sale to a private equity fund
  • Managed a private equity-backed business that generated strong returns through a sale to a strategic acquirer
  • Sourced, structured, and closed over 175 private equity transactions in three decades

Our Team

Since 2006, FCP has built an experienced and operationally-focused team with private equity, entrepreneurial, and senior executive experience.

Mr. Oken is the Co-Founder and Managing Partner of Falfurrias Capital Partners, and he currently oversees the operations of the firm. ... Read More

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Marc Oken

Co-Founder and Managing Partner

Mr. McColl is the Co-Founder and Chairman of Falfurrias Capital Partners.Prior to founding the firm, Mr. McColl was Chairman and CEO of... Read More

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Hugh McColl

Co-Founder and Chairman

Mr. McMahan joined Falfurrias Capital Partners in July of 2006. Prior to joining the firm, he served as a Principal at Chicago Growth P... Read More

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Ed McMahan

Partner

Mr. Taylor joined Falfurrias Capital Partners in January of 2012. Prior to joining the firm, he was an Operating Advisor with Nautic Pa... Read More

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Todd Taylor

Partner

Mr. Walker currently serves as the Chairman of the Investment Committee of Falfurrias Capital Partners. Mr. Walker began his profession... Read More

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Chet Walker

Investment Committee Chair

Mr. Schonberg joined Falfurrias Capital Partners in October of 2006. Prior to joining the firm, he served as Chief Financial Officer o... Read More

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JJ Schonberg

Managing Director

Mr. Cummings joined Falfurrias Capital Partners in October of 2007. He has over twenty years of professional operating experience, i... Read More

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Rob Cummings

Managing Director

Wilson Sullivan served as an Associate at Falfurrias Capital Partners from 2007-2009 before returning to business school to earn his MB... Read More

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Wilson Sullivan

Principal

Mr. Johnson re-joined Falfurrias Capital Partners in 2016. Previously, Mr. Johnson was Chief Financial Officer of North American T&... Read More

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Chip Johnson

Principal

Mr. Pierson joined Falfurrias Capital Partners as a Senior Associate in 2014. He was later promoted to Vice President in 2016. Previou... Read More

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Geordie Pierson

Vice President

Joined Falfurrias Capital Partners in June of 2014 from PricewaterhouseCoopers Asset Management practice in Charlotte, NC with a client... Read More

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Matthew Kilian

Controller & CCO

Mr. Veazey joined Falfurrias Capital Partners as an Analyst in 2014. He was later promoted to Associate in 2016. Previously, Mr. Veaze... Read More

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Andrew Veazey

Associate

Ms. Higgins joined Falfurrias Capital Partners in January 2016. Previously, Ms. Higgins served as an analyst at Charleston-based Sherma... Read More

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Katie-Rose Higgins

Analyst

Ms. Hubbard joined Falfurrias Capital Partners in 2012. She manages the day-to-day operations of the office and provides administrative... Read More

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Carolyn Hubbard

Executive Administrator

Ms. Estes joined Falfurrias Capital Partners in 2014 following twenty-three rewarding years with the Charlotte law firm of Robinson, Br... Read More

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Donna Estes

Staff Assistant