

Biography
Billy began his career at Texas Commerce Bank in International Lending.
He left banking to represent foreign investors acquiring and managing
middle market companies in the United States in the oilfield service,
manufacturing, distribution, heavy equipment and real estate
industries. In 1984, Billy became a partner at Sterling Group in
Houston, Texas. During his thirty plus years at Sterling, Sterling and
its portfolio companies made over 140 acquisitions totaling over $8
Billion. He currently serves on the board of North American Energy
Partners (NOA) and chairs their Risk Committee. Billy previously served
as Chairman of the Board of NOA, Royster-Clark, Sterling Diagnostic
Imagining, Purina Mills and Exopack and as a Director of Airtron, Inc.,
Reeves Carlberg, Panolam Industries and Propex. Billy also served on
the Board, and as Chairman of the Board of the Baylor School,
Chattanooga, Tennessee. He presently serves on the Board of
Transylvania University, Lexington, Kentucky, and the Board of Visitors
at the Owen Graduate School of Management, Vanderbilt University. Billy
is the quintessential investor and executive with investment
partnerships in commercial real estate, agriculture, oil and gas,
banking, and a variety of private equity partnerships. At Kestrel,
Billy provides advisory services for both buy and sell side
transactions, provides debt placement services for senior and mezzanine
debt, and acts as a principal in private equity transactions. He
received his B.B.A in economics from Transylvania University and a
M.B.A. from the Owen Graduate School of Management at Vanderbilt
University.
Education
MBA, Vanderbilt, 1973