Monday, May 05, 2008

Former Bradford, Avondale exec adds another seat

When Raymond Pirtle (at left) announced his departure from Avondale Partners three years ago, he explained the move would allow him to accept more board seats. Friday's announcement from China Wind Systems (formerly Malex Inc., a wind-energy play based in Jiangsu Province) is the latest evidence Pirtle is staying busy, working as Claridge Company LLC from an office on Woodmont. Complex relationships among China Wind and affiliated companies have attracted some scrutiny. Pirtle is also currently on the boards of Premiere Global Services, Inc. (Atlanta), IceWeb, Inc. (Herndon) and Tricell, Inc. (UK). Earlier, he was a director of eNucleus, Inc. (supply-chain software) and of Sirrom Capital Corporation, which was acquired by Finova Group. The man who's made more than 150 Euro trips to call on portfolio managers and analysts confirmed this afternoon he's a "one-man show" at Claridge, drawing on nearly 40 years' personal experience. Pirtle, 66, was a founder and senior managing director of Avondale Partners. He's also part of the J.C. Bradford diaspora, having served 23 years there (including nearly a decade as general partner) before the 900-broker firm was bought by PaineWebber (itself soon acquired by UBS). He also spent 13 years with SunTrust Equitable Securities Corp.

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