BOSTON, MA – October 5, 2015 – ACG Boston, the Boston Chapter of the Association for Corporate Growth (ACG) announced today that the ACG Boston board has elected two new members to its Board of Directors. The new board members include Lynn Sommer, Senior Director, Cabrillo Advisors, and Rudy Scarito, Founder & President, RS Finance & Consulting, LLC .
ACG Boston serves over 500 Boston members who are directly involved in M&A transactions – including private equity investors, intermediaries, corporate development professionals, lenders and service providers – and is dedicated to helping middle-market M&A professionals build and maintain trusted and productive relationships through membership and event opportunities.
“ACG Boston has always been committed to supporting the New England dealmaking community and by continuing to add talented and experienced representatives from our core deal making constituencies will ensure that ACG Boston remains relevant and responsive to the changing needs of its core members,” said Peter Alternative, CEO and President, ACG Boston. “The backgrounds and personal experiences of our new board members will allow them to have an immediate impact and help shape the direction of our organization.”
Background –ACG Boston’s New Board Members
Lynn Sommer, Cabrillo Advisors
Lynn Sommer has more than 15 years of valuation and transaction advisory service experience with both public and private companies, providing fairness and solvency opinions, strategic alternatives analyses, and valuations for a variety of purposes including tax and financial reporting.
Prior to joining Cabrillo Advisors, Ms. Sommer’s valuation and advisory experience spanned the Big 4 and Houlihan Lokey. In addition, she was most recently a Senior Director at Alvarez & Marsal in New York, where she was an integral senior member of the firm’s transaction opinion services practice.
Ms. Sommer earned a Bachelor’s Degree in Business Administration in Economics from Colgate University and an MBA in Finance and Accounting from New York University’s Stern School of Business.
Ms. Sommer is a frequent speaker on valuation topics and has chaired several committees for and served on the Board of Directors of the Association for Corporate Growth in Los Angeles.
Francesca (“Rudy”) Scarito, RS Finance & Consulting LLC
Ms. Scarito has been an investment banker for over 20 years, working in both global, full-service firms as well as smaller, regional firms focused on middle-market companies. She founded RS Finance & Consulting, LLC in April 2009, and specializes in advising corporate clients on mergers, acquisitions, capital raising and corporate and financial strategy.
Ms. Scarito began her career at Lehman Brothers in New York in the firm’s Mergers and Acquisitions department. At Lehman Brothers and at subsequent firms Ms. Scarito represented a variety of corporate clients in the sale of their companies. She also assisted corporate buyers in identifying, evaluating and pursuing acquisition targets. Later in her tenure at Lehman Brothers, Ms. Scarito worked in Equity Capital Markets and Syndicate, where she completed over $9 billion of initial public offerings of equity and convertible securities.
Following her experience at Lehman Brothers, Ms. Scarito moved to Goldman Sachs Asset Management where she gained additional public equity capital markets experience. In her position as Portfolio Analyst, Ms. Scarito identified, analyzed and recommended public company investment opportunities for GSAM’s equity portfolios.
After gaining experience on Wall Street, Ms. Scarito transitioned to the middle market to work with smaller, owner-operated companies. During her tenure in the middle market, Ms. Scarito managed the Private Capital groups of Tucker Anthony, SunTrust Robinson Humphrey and Legacy Partners Group. Ms. Scarito has extensive experience originating, structuring and negotiating private placements of equity and debt.
Ms. Scarito is a member of the Board of Directors of Industrial Services of America, Inc. (NASDAQ: IDSA), a publicly traded scrap metal recycler and processor, and Fresh Truck, Inc., a non-profit, mobile green grocer that increases access to healthy foods within low-income Boston neighborhoods. Ms. Scarito previously served on the Board of Directors of Ambient Corporation (NASDAQ: AMBT), a publicly traded networking communications and technology company, and Material Sampling Technologies, LLC, a private recycler of precious metals.
Ms. Scarito has served as an expert witness on business valuations and on capital markets matters. Ms. Scarito holds her Series 7, 24, 63 and 79 securities licenses. She is a registered principal with M&A Securities Group, Inc., member FINRA and SIPC. M&A Securities Group, Inc. and RS Finance & Consulting, LLC are not affiliated. Ms. Scarito graduated from Dartmouth College, cum laude, and earned an MBA from Harvard Business School.