Chairman and founder of TECT family of businesses and Stony Point Group, Ken Glass, announced recently the launch of a new investment management firm Cold Mountain Capital LLC. Based out of Asheville, NC, the firm would be led by David Nolletti, a veteran in the fields of aerospace and private equity industries.
According to Glass, "The formal launch of Cold Mountain Capital marks the beginning of a new phase of investments for our companies. Over the past 18 years we have been extraordinarily successful growing the TECT family of businesses through acquisition and organic expansion. Now, with Cold Mountain, we are going to continue to leverage our aerospace industry and operating expertise by conducting acquisitions outside of the TECT platform."
He added, "David Nolletti is exceptionally qualified to lead Cold Mountain as president and chief executive officer, In his 11 years with Stony Point and TECT, Nolletti has been successful in varied positions of increasing responsibility including sales, marketing, general management, interim-CEO and member of the board of directors with multiple assignments as lead director. His energy and leadership will be instrumental in the long-term success of this business."
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