Nelson Peltz is one of the most prominent
activist investors in the country today.
His reputation is the result of
several decades of hard work and the development of one of the shrewdest
approaches in the world of strategic activism.
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| Image source: forbes.com |
It all started over 50 years ago when Peltz dropped out of Wharton. While he wanted to become a ski instructor, he
was forced to become a delivery truck driver for his family business. It was perhaps providence when his father
gave the younger Peltz substantial
control of the business, which supplied
fresh produce to New York restaurants.
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Image source: thefamouspeople.com
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In a span of
10 years, Peltz learned the ins and outs of the business and bought a number of food companies. In 1972, Peltz and his brother, Robert, took
their company, Flagstaff Corp., public.
At the time, the business was worth $150 million.
In the ‘80s, Peltz wanted to acquire new companies
and invested in Triangle Industries, a vending machine and wire company. In less than five years, Peltz took Triangle
Industries and made it a Fortune 100 industrial company, before selling it to Pechiney.
In the ‘90s, Peltz would go on to earn
several more business victories, most notable of which is the acquisition of
Snapple from Quaker Oats. Peltz then
sold Snapple, along with other beverage businesses to Cadbury Schweppes to open the new century.
Jon McKee Queen is currently working with Amatex Capital, a private equity firm that pursues special situations and arbitrage opportunities in Ukraine. For more reads like this, visit this page.
Jon McKee Queen is currently working with Amatex Capital, a private equity firm that pursues special situations and arbitrage opportunities in Ukraine. For more reads like this, visit this page.
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