Waud Capital Partners, a leading growth-oriented lower middle-market private equity firm with $2.1 billion under management, announces the appointment of Phil Olson as Principal – Business Development, effective immediately. Mr. Olson is the initial member of the Firm’s Business Development group and increases the Waud Capital team to 27 investment and finance professionals, three operating partners and one executive partner. Based in Chicago, Mr. Olson will focus on identifying investment opportunities within the Firm’s business and technology services vertical.