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October 20, 2025

Kissel Capital Strengthens Team with Addition of Michael Terrell as Vice President

Zionsville, IN – Kissel Capital, a private equity firm focused on management-led buyouts in the industrial and services sectors, today announced the appointment of Michael Terrell as Vice President. Michael's extensive experience in mergers and acquisitions, corporate development, and strategic initiatives will support the firm's ongoing efforts to identify and execute high-quality investment opportunities in partnership with exceptional management teams.

Michael brings more than eight years of M&A-related experience to Kissel Capital. Prior to joining the firm, he spent two years at Alacrity Solutions Group, an independent provider of insurance claims management services headquartered in Fishers, IN. Alacrity was owned by a consortium of investment firms including Antares Capital, Blue Owl Capital, KKR, and Blackstone. While at Alacrity, Michael served as Vice President of Corporate Development, where he led M&A transactions and integrations, and later as Senior Vice President of The Project Management Office, overseeing a portfolio of more than 100 strategic initiatives.

Before Alacrity, Michael worked alongside Luke Phenicie at HKW, a private equity firm based in Indianapolis. During his five-year tenure, he identified acquisition opportunities and led due diligence, financing, and execution for both platform and add-on investments. He also served on the boards of seven HKW portfolio companies.

Michael began his career executing sell-side M&A transactions in Chicago with Brown Gibbons Lang & Company’s industrial & environmental services team, a middle-market investment bank. He holds an MBA and a Bachelor of Science in Finance from The Indiana University Kelley School of Business, as well as a Juris Doctor from The Indiana University Robert H. McKinney School of Law.

"Michael's proven track record in deal sourcing, execution, and portfolio oversight makes him an invaluable addition to our team," said Luke Phenicie, Founding Partner of Kissel Capital. "His deep expertise aligns perfectly with our strategy of partnering with management to drive long-term value in the industrial and services sectors. We're excited to have him on board as we continue to build and grow our portfolio."

This hire underscores Kissel Capital's commitment to assembling a world-class team dedicated to management-led buyouts, operational excellence, and strategic growth.

For more information about Kissel Capital, visit www.kisselcapital.com.

About Kissel Capital:

Kissel Capital is a private equity firm based in Zionsville, Indiana, founded in 2022. The firm focuses exclusively on management-led buyouts in the industrial and services sectors, partnering with strong management teams to support growth, operational improvements, and long-term success. Kissel Capital invests its own capital alongside a network of aligned co-investors who share its guiding principles.

Media Contact: 

info@kisselcapital.com

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