Ridgemont Equity Partners, a middle market buyout and growth equity investment firm, today announced the promotions of Jack Purcell to Partner and Kurt Leedy to Principal. Kurt will be relocating to Ridgemont’s Dallas office in the near future.

“Jack joined our team more than a decade ago and has become an important contributor to our success. In particular, he has been a key driver of growth in our basic industries sector,” said Travis Hain, Partner and member of the Executive Committee at Ridgemont. “Congratulations are in order for both Jack and Kurt on their well-deserved promotions.”

Jack will continue to focus primarily on investments in the basic industries sector. He serves on the boards of directors of Aurora Parts & Accessories, J.A.M. Distributing Company, Johnstown Wire Technologies and Gallus BioPharmaceuticals. Jack earned his M.B.A. from The Wharton School at the University of Pennsylvania with a concentration in Finance and a B.A. in Economics from Davidson College.

“I’m very pleased that Kurt’s efforts and talents have been recognized through his promotion to Principal,” said George Morgan, a Partner of the firm. “His deep knowledge in telecom services, software and out-of-home media is very evident and crucial to our team’s ability to compete for attractive investments and drive growth initiatives within our portfolio companies. Kurt is a Texas native and we’re thrilled to have him back.”

Kurt will continue to focus on investments in the telecommunications/media/ sector. He serves on the boards of directors of Unite Private Networks, Simpleview and AccentHealth. Kurt earned his M.B.A. from The Wharton School at the University of Pennsylvania, where he was a Palmer Scholar and graduated with Honors. He graduated with Highest Honors from the University of Texas with a B.B.A. in Finance and a B.A. in Spanish and was elected to Phi Beta Kappa.