Summit Park, a Charlotte-based private equity firm focused exclusively on the lower middle market, is pleased to announce a promotion and two new hires at the firm.

Stephen Stites has been promoted to Senior Associate. Stephen joined Summit Park in August of 2016 and has worked most closely with portfolio companies Exacta, Fast Growing Trees, Arkive, and Control Company. Prior to joining Summit Park, Mr. Stites was an Investment Banking Analyst in the Aerospace, Defense and Government Services Group at Harris Williams. Mr. Stites received his undergraduate degree in Business Administration from Washington and Lee University.

The firm is also pleased to announce the addition of Peter Kenna and Jon McCarthy as Associates. Prior to joining Summit Park, Mr. Kenna was an Investment Banking Analyst in the Consumer Products & Services Group at Harris Williams. Mr. Kenna received his undergraduate degree in Business Administration from the Kenan-Flagler Business School at the University of North Carolina. Mr. McCarthy was an Investment Banking Analyst with BlackArch Partners prior to joining Summit Park. Previously, Mr. McCarthy worked at KPMG and is a CPA in the state of New York. Mr. McCarthy received his undergraduate degree and master’s degree in Accountancy from the Schools of Business at Wake Forest University.