Redbox founder and former CEO and former Coinstar President and COO Gregg Kaplan has joined Pritzker Group Private Capital as its operating partner for the services team.
With investment partner David Rosen, Kaplan will lead the services investment and operations team. Rosen and Kaplan will source, invest in and oversee a group of services companies for Pritzker Group Private Capital.
“We are thrilled to welcome Gregg, a successful, seasoned executive, to the team,” said Paul Carbone, Pritzker Group Private Capital managing partner, in a statement. “With exceptional entrepreneurial, innovation and growth experience, Gregg brings an exciting dimension to Pritzker Group Private Capital. As someone who helped build a multi-billion-dollar company from scratch, he’s sure to bring a wealth of ideas and expertise to our services team and companies.”
Kaplan has extensive experience growing businesses. He founded Redbox when it was an incubation project within McDonald’s Corporation and later grew the company to more than 20,000 kiosks and nearly $800 million in revenue in its first seven years.
After selling Redbox to Coinstar Inc. in 2009, Kaplan continued as president and chief operating officer of Coinstar Inc. until 2013. During this time, he oversaw the Redbox and Coinstar lines of business, which grew from $1 billion to $2.2 billion during his tenure.
Previously, Kaplan was senior director of corporate strategy and business development for McDonald’s Corporation. He also has several years of experience in venture capital and investment banking.
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