Bill is an Advisory Council member at Sterling and is a former CEO and board member of Interline Brands and also served on the board of U.S. Maintenance. Bill began his career in 1977 and has dedicated himself to the distribution of plumbing, hardware and electrical supplies to a variety of commercial end markets including healthcare, lodging facilities as well as contractor markets. He founded Wilmar Industries which focused on becoming a value-added supplier to apartment building owners. The company launched its Initial Public Offering (NASDAQ: WLMR) in 1996.
Following the IPO, Wilmar continued to acquire competitors within the fragmented industrial distribution marketplace. Having acquired over fifteen companies from 1996-2001, the senior management team at Wilmar actively concentrated on integrating the company’s largest acquisitions and changing the corporate name to Interline Brands (NYSE: IBI) while leaving the core existing brand names in place for all sales and marketing functions.
Bill chose to step down as CEO in 2001, retaining his position as non-executive Chairman until 2004. For more than twenty-four years, he led the growth of Wilmar Industries from a small retail outlet to an industry-leading $630 million distribution business with 2,300 employees and sixty distribution centers across the United States, Canada and Puerto Rico. Today Interline has revenues of over $1.8 billion and is owned by The Home Depot.
Bill founded WSG Partners, LLC in 2003 (now known as Crestar Partners) a boutique co-investment private equity firm where his relevant knowledge and experience lead to value creation. His investment criteria included management-led buyouts, recapitalizations, strategic minority equity investments and growth capital financings. Bill advises and supports management through active investment participation at, and when appropriate, beyond the Board of Directors’ level.