Kansas City, MO, June 16, 2008 --(PR.com
)-- Tom Grant, former Chief Executive Officer of LabOne, and Bill Grant, former Vice President of Sales at LabOne, announce the launch of their investment firm, Haakon Capital. The new firm will focus its activities on making investments in private healthcare and insurance distribution.
“We have a solid track record of creating value in healthcare and insurance and we continue to see large opportunities in these sectors,” said Tom Grant, Chairman of Haakon Capital.
Haakon Capital will make both expansionary capital and control investments in companies with revenues under $100 million.
Haakon Capital is led by:
William Thomas Grant II,
Tom Grant served as the Chief Executive Officer of LabOne, Inc. from 1995 through the sale of the company to Quest Diagnostics in 2005. During his tenure, the company grew from a market capitalization of less than $80 million t0 $934 million at the time of sale. Prior to LabOne, Mr. Grant was the Chairman, President and Chief Executive Officer of Seafield Capital Corporation, a healthcare holding company, from 1990-1995. From 1986 to 1990, he served as Chief Executive Officer of Business Men’s Assurance Company, an insurance company. Tom Grant received a Master’s degree in Business Administration from the Wharton School of Finance, University of Pennsylvania, and a Bachelor’s degree in History from The University of Kansas.
William Thomas Grant III,
Bill Grant served as Vice President of Sales for LabOne from 2001 to 2005. During his tenure, LabOne increased revenue from $170 million to more than $500 million and earnings increased from $10 million to $75 million. Bill was instrumental in both product development and organic growth initiatives in the clinical division. Prior to his role as Vice President, Bill served in numerous sales positions at LabOne from 1998-2001. Bill Grant received a Bachelor’s degree in History from The University of Kansas.
About Haakon Capital
Haakon Capital is a growth oriented investment firm focused in the healthcare and insurance industries.