April 07, 2011 09:11 ET

James Bolduc Named President and COO of JPB

COLUMBIA, MD--(Marketwire - April 7, 2011) -  JPB Enterprises, Inc. ("JPB") announced today the naming of James Bolduc as its President and Chief Operating Officer (COO).

James (Jim) joined JPB in March of 1997. Since that time, he has been heavily involved in every aspect of JPB's businesses. This promotion was the outgrowth of a succession plan initiated to assure that the future leadership of JPB would be left in the hands of a proven and experienced leader. Most family-owned businesses fail following the founder's unplanned exit from the company because they did not adequately plan to have someone fully prepared to succeed the founder-owner. "Jim is as fully prepared and experienced today to lead JPB into the future as I am," said J.P. Bolduc, Chairman and CEO of JPB.

Jim received his undergraduate degree in Business Economics and Finance from the University of Notre Dame in 1990. Subsequently, he worked for Marshall & Ilsley Corporation ("M&I") in Milwaukee, Wisconsin for a two-year period (1990 - 1992) in preparation for entering graduate school. With M&I, he served as a Management Associate in both the commercial banking group and its private equity subsidiary (now called Mason Wells). He then entered the University of Virginia's Darden School of Business in 1992, and graduated with a Masters in Business Administration (MBA) in 1994. During the summer of 1993, he worked as a Financial Analyst (Intern) for the President of the Florida Marlins Professional Baseball Team, in Miami, Florida. From 1994 to 1997, he worked as an Associate in the Investment Banking Group of Merrill Lynch & Co., in New York, New York.

Since joining JPB, Jim has sought, found, acquired, grown organically as well as through "bolt-on" acquisitions, and subsequently divested several businesses for substantial gains for JPB. He has served in the capacity of CEO and Chairman of several of JPB's portfolio companies. Further, he has actively participated in acquisitions and divestments of our real estate holdings, including advising and assisting in the day-to-day management of JPB's real estate portfolio. Jim has been a leading voice and contributor to the JPB Advisory Services business unit and JPB's Private Equity funds. It was he who led a JPB team effort of senior executives last year in defining the JPB strategic plan for the future.

"As the CEO and Founder of this great enterprise, I take even greater delight and pride in announcing this promotion. For it exemplifies the very best in how succession planning in family-owned businesses should be executed -- smartly, smoothly and without fan fare," added J.P. Bolduc.

About JPB:
JPB supports entrepreneurs and privately owned businesses in the important business objective of value creation. JPB partners with management and ownership of lower-middle market companies to unlock value and achieve visions, strategies and goals. JPB operates through three business units -- private equity investment, real estate development and management, and advisory services. For more information on JPB, please visit

Contact Information

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    Mary Bolduc-Glagola
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