Key Takeaways
- • Transom Capital Group, an operations-focused private equity firm headquartered in Los Angeles, has appointed David Shields as Executive Vice President, Operations and Finance, a member of its Operations Team.
- • Shields brings two decades of experience as a CFO, corporate development executive and investment banker, including more than 100 acquisitions across his career, according to the press release.
- • His most recent role was CFO of Any Hour Group, a private equity-backed home services platform, where he led the acquisition program and rebuilt the accounting organization.
- • At SRS Distribution, under private equity ownership, Shields closed more than 30 acquisitions before the company's approximately $18 billion sale to The Home Depot in 2024.
Summary
Transom Capital Group ("Transom"), an operations-focused private equity firm, announced that David Shields has joined as Executive Vice President, Operations and Finance, and as a member of the firm's Operations Team, according to a Business Wire release. In the role, Shields will lead financial and operational initiatives across Transom's portfolio companies.
Most recently, Shields served as Chief Financial Officer of Any Hour Group, a private equity-backed home services platform, where he led the company's acquisition program, consolidated back-office functions and rebuilt the accounting organization to support growth. Previously, he spent four years at SRS Distribution, a distributor of roofing, landscaping and pool supply products under private equity ownership, serving in corporate development and divisional CFO roles. The release states he closed more than 30 acquisitions there before the company's approximately $18 billion sale to The Home Depot in 2024.
Shields also held senior finance and corporate development roles at ATW, Q2Earth and CRH subsidiaries Oldcastle BuildingEnvelope and Oldcastle Building Products. He began his career in investment banking at Wells Fargo Securities, UBS Investment Bank and Morgan Keegan. He holds an MBA in corporate finance from the University of North Carolina at Chapel Hill's Kenan-Flagler Business School and a bachelor's degree in banking and finance from the University of Mississippi.
Rob Randolph, Executive Vice President, Operations & Finance at Transom, said Shields's ability to connect financial strategy with operational execution would be valuable as the firm partners with management teams to drive growth and performance. The appointment reflects Transom's continued investment in its in-house Operations Team, which works with portfolio company management and the firm's Mergers & Acquisitions function from early diligence through exit. Founded in 2008, Transom focuses on the middle market, including corporate carve-outs and lender-owned businesses.
Most recently, Shields served as Chief Financial Officer of Any Hour Group, a private equity-backed home services platform, where he led the company's acquisition program, consolidated back-office functions and rebuilt the accounting organization to support growth. Previously, he spent four years at SRS Distribution, a distributor of roofing, landscaping and pool supply products under private equity ownership, serving in corporate development and divisional CFO roles. The release states he closed more than 30 acquisitions there before the company's approximately $18 billion sale to The Home Depot in 2024.
Shields also held senior finance and corporate development roles at ATW, Q2Earth and CRH subsidiaries Oldcastle BuildingEnvelope and Oldcastle Building Products. He began his career in investment banking at Wells Fargo Securities, UBS Investment Bank and Morgan Keegan. He holds an MBA in corporate finance from the University of North Carolina at Chapel Hill's Kenan-Flagler Business School and a bachelor's degree in banking and finance from the University of Mississippi.
Rob Randolph, Executive Vice President, Operations & Finance at Transom, said Shields's ability to connect financial strategy with operational execution would be valuable as the firm partners with management teams to drive growth and performance. The appointment reflects Transom's continued investment in its in-house Operations Team, which works with portfolio company management and the firm's Mergers & Acquisitions function from early diligence through exit. Founded in 2008, Transom focuses on the middle market, including corporate carve-outs and lender-owned businesses.
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