Kum & Go's Newest Advisor a Familiar Face
McManigal "actively involved" in chain
WEST DES MOINES, Iowa -- Mark L. McManigal, managing director of Claritas Capital, will join Kum & Go LC’s Board of Advisors beginning in October 2011.
According to Kyle J. Krause, president and CEO of Kum & Go, McManigal previously served as in-house general counsel for the convenience-store chain. The company also was one of McManigal’s clients when he was an attorney in private practice.
“Mark has been actively involved with Kum & Go for many years,” Krause said. “Mark’s appointment is a direct result of his deep knowledge of Kum & Go’s business model and his unique insights to our business.”
Prior to joining Claritas, McManigal was a managing director at Barrington Associates, which was acquired by Wells Fargo in 2006. His career also includes serving as a managing director at Roth Capital Partners and as a general partner at Edgewater Private Equity Fund LLP.
West Des Moinces, Iowa-based Kum & Go is the fifth-largest privately held, company-operated convenience-store chain in the United States. The family-owned company began in 1959 in Hampton, Iowa, and has grown to more than 400 convenience stores in 11 states.