McGruder brings his private equity and M&A background to the board
March 2 2022 – Quantum Foundation has recently appointed Shaun McGruder to its board of directors. He has been a member of the foundation’s Finance & Investment Committee since 2018. McGruder joins the board with nearly 20 years of private equity and merger and acquisition experience. He is currently the partner and co-founder of Palm Beach Capital, a leading private equity group focused on the capital needs of private, growth-oriented companies in the U.S. lower middle market.
McGruder adds a comprehensive skill set in fundraising, investing, and portfolio management to his new board role. Over the years, he led his company through successful investments, working with middle-market companies mainly in the healthcare, logistics, and business sectors. His credentials will continue to support Quantum Foundation’s ability to manage its assets that improve healthcare access, individual engagement in health, and fostering healthy communities throughout Palm Beach County.
“Our board is excited for Shaun’s added expertise and his inevitable contributions,” said Eric Kelly, president of Quantum Foundation. “His competency is clear in the numbers, as shown in former projects, and we are certain that he will have the same proficiency to improve the foundation’s grant giving and resource management.”
Prior to his current role, McGruder served as Vice President of Finance at Workflow Management where he was in charge of acquisitions. In just three years, the company grew from $330 million in revenues to $650 million through the completion of over 30 acquisitions. He is a James Madison University graduate with a Bachelor of Arts degree in Finance and earned his MBA at the University of Richmond. He currently resides in Palm Beach Gardens with his family.
Quantum Foundation’s mission is to inspire and fund initiatives that improve the health of Palm Beach County residents. Quantum Foundation is a health foundation that was formed from $135 million in proceeds from the sale of JFK Medical Center. Now in its third decade of community investment, the foundation has assets of approximately $175 million. Since its inception, Quantum Foundation has awarded $160 million to hundreds of Palm Beach County nonprofit grantees. Every dollar the foundation grants stays in the county to benefit local communities.
For more information on Quantum Foundation, please visit quantumfnd.org.
