Interview with Gary Veloric, Managing Director of Mufson Howe Hunter

Gary Veloric, who describes himself as a creative dealmaker, financial whiz and serial entrepreneur, has served as the managing director of Mufson Howe Hunter, a middle market investment bank, since January 2023.

Prior to joining Mufson Howe, Veloric ran Red Stripe Plane Group, which he co-founded in 2007. Red Stripe gave Veloric a front seat in emerging internet-era companies in music, technology and streaming, as he became an expert in disintermediation and brand fragmentation. The firm has also provided financial and intellectual capital to entrepreneurs in healthcare, media, sports, hospitality and real estate, among others.

Veloric began his career at Geriatric & Medical Companies, a publicly traded long-term care company, in 1982, months after graduating with a bachelor’s degree in finance and accounting from American University. He went on to hold several leadership roles at Geriatric & Medical, and eventually a board seat, too.

But within a decade, Veloric was bitten by the entrepreneurial bug, co-founding J.G. Wentworth, a specialty finance company. He grew the small Pennsylvania-based merchant banking firm into a titan in structured settlements.

Outside business, Veloric has two strong affiliations. One is with the nonprofit MusicCares, which is affiliated with the Recording Academy, and the second is American University’s Entrepreneur Center, where he serves as a business mentor. In 2023, his family aided the establishment of The Veloric Center for Entrepreneurship at American University’s business school.

Mufson Howe Hunter & Co.

Philadelphia-based Mufson Howe Hunter & Co. LLC was formed in 2004 by a group of like-minded investment bankers with the goal of providing unbiased strategic guidance to middle-market companies. The firm has focused on sell side M&A, focusing on middle market liquidity events for family held companies as well as private placements of growth capital. Led by managing partner Michael Mufson he and each of the firm’s senior investment bankers has over 25 years of professional experience. The firm’s practice, broadly, consists of four industry areas of focus: Business Services; Consumer Products Services; Industrial & Specialty Distribution; and Technology &IT Services.

Michael Mufson, a 30-year investment banking professional, began his career at Arthur Young & Company (now Ernst & Young) in its national management consulting group. His investment banking career began at Butcher & Singer (now Wells Fargo/) in 1981. Joined Janney Montgomery Scott as co-head of Investment Banking through its acquisition of his earlier firm, Foley Mufson Howe.

A certified public accountant, Mufson earned B.A. and M.B.A. degrees from George Washington University.

Connect with Gary on LinkedIn

Interview Questions:

Introduction | In January, you joined Mufsown Howe Hunter as Managing Director. What are your responsibilities and deal focus?

Mufson Howe Hunter | Mufson Howe Hunter is a middle-market investment bank. Tell us about the firm and its partners. Ie. https://www.mhhco.com/industries

Career | Your career includes founding JG Wentworth and most recently the Red Stripe Plane Group. Please provide some highlights of your career and the decision to join Mufson Howe Hunter.

Recent Deals |Can you highlight some recent deals? https://www.mhhco.com/transactions

Team | Who are the other members of the team? https://www.mhhco.com/people

Non-Profits | Are there any non-profits that you are involved with? https://musicares.org/

American University | Your family has a long history at American University. Can you tell us about the Veloric Center of Entrepreneurship? https://kogod.american.edu/students/entrepreneurship/

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