Ryan Keyes

Rob Reistetter

Managing Partner

Rob co-founded Iron Path Capital in 2021, co-leads the firm’s private equity execution and leads Iron Path’s internal operations. Prior to founding Iron Path, he was a Principal with Quad-C where he spent nearly 14 years on deal teams that invested over $750 million of equity. Rob was one of two senior professionals that established the healthcare vertical at Quad-C and he also led the specialty chemicals initiative for seven years.

His investment experience at Quad-C includes companies such as Boulder Scientific Company, Prism Vision Group, Retina Group of Washington, VMG Health, Compassion First, Dental Care Alliance, Towncare Dental, NuSil Technology and Royal Adhesives & Sealants.

Prior to joining Quad-C, he worked at JLL Partners where he evaluated and executed private equity investments in various industries. Prior to JLL Partners, Rob was with J.P. Morgan Chase in the Leveraged Finance Group where he focused on providing senior and subordinated debt financing for a broad range of leveraged buyout transactions.

Rob holds a B.S. degree in Finance & Accounting from Ithaca College and an M.B.A. from Harvard Business School.

Scott Mraz

Managing Partner

Scott co-founded Iron Path Capital in 2021, co-leads the firm’s private equity execution and leads Iron Path’s “Full Immersion” program. Prior to founding Iron Path, he was an executive at NuSil Technology, a global leader in specialty materials for healthcare and aerospace applications. During his tenure as President of NuSil, Scott led the team that diversified the company into new market segments including electronics, personal care and drug-delivery and grew internationally by expanding in Europe and building a business in Asia.

He previously was an executive advisor to New Mountain Capital and a member of Quad-C’s executive advisory board. He has sourced and executed several private transactions in the specialty industrials sector, including New Mountain Capital’s acquisition of Gelest in 2017 and Quad-C’s acquisition of Boulder Scientific Company in 2019.

Prior to joining NuSil, Scott was an investment professional at Quad-C and Apax Partners, where he evaluated and executed private equity investments in various industries. He also previously held investment banking roles at Merrill Lynch in M&A and Bank of America in Leveraged Finance.

Scott holds a B.S. degree in Finance and Accounting from Ithaca College.

Ted Clark

Partner

Ted joined Iron Path in July 2022. He is a seasoned M&A deal leader, operating executive, entrepreneur, and investor with over 40 years’ experience in the specialty chemicals industry.

Ted founded Royal Adhesives & Sealants in partnership with Quad-C Management in 2003 and grew the business through a series of 19 acquisitions into one of the top 10 adhesives and sealant companies in the world. After partnering with Arsenal Capital and American Securities as part of two subsequent recapitalizations, Ted led the sale of Royal to H.B. Fuller (NYSE: FUL) in 2017 where he joined as EVP and Chief Operating Officer. He led the integration of Royal and the reorganization of H.B. Fuller from five business units to three global business units.

Ted started his career at Products Research & Chemical Corporation, a global leader in aircraft sealants and coatings. He rose through the ranks to become President & CEO where he grew the company until it was acquired by PPG Industries in 1999. He is currently a strategic advisor to H.B. Fuller’s executive committee and serves on the board of Boulder Scientific Company. Ted has served on the boards of three other private equity-backed specialty chemical companies including Royal, NuSil Technology and MPD Chemicals. He has recently published two books: Shipping Clerk to CEO: The Power of Curiosity, Will, and Self-Directed Learning ©2022 and Buy & Build CEO: Leveraging Private Equity to Build a Winning Global Business ©2022.

Claudia Oelschlager

CFO & CCO

Claudia joined Iron Path Capital in October 2022. She has more than 20 years of experience in auditing public and private companies; most recently as a Senior Manager with KPMG in Mainz and Frankfurt am Main, Germany. Earlier in her career she worked as an auditor with Deloitte in Frankfurt am Main.

Claudia has a degree in Business Administration from the University of Heilbronn (HHN) in Germany and passed the exams for the German CPA and tax advisor.

Carson Davis

Managing Director, Head of Full Immersion Operations

Carson joined Iron Path Capital in May 2021. He previously worked at Strategic Service Group, an operations consulting firm focused on private equity portfolio company optimization where he worked on engagements primarily for Quad-C portfolio companies. His engagements were mainly focused in the healthcare and specialty chemicals sectors including Boulder Scientific Company. Carson was previously a consultant with Bain and Company where he supported strategy and operations due diligence in the US and Europe across several industries including chemicals, defense and packaging. Prior to business school, Carson held several operations management roles at Zenith American Solutions and was a Firefighter during undergraduate summers.

Carson holds a B.A. degree in Government from The College of William and Mary and an M.B.A. from Georgetown University.

Ian Thomas

Managing Director, Head of Business Development

Ian joined Iron Path Capital in December 2024 to lead origination and business development for the firm and its portfolio companies. He has more than 13 years of private equity and investment banking experience having executed multiple transactions in his career. Most recently, Ian was the founder of Aliri Capital, a lower middle market independent sponsor that focused on investing in family-owned services businesses with $2m – $15m of EBITDA. Prior to Aliri Capital, Ian was a Managing Director at Sole Source Capital in Dallas, a $555m middle market industrial buyout fund. As Head of Origination, Ian managed a team of professionals responsible for building relationships with intermediaries and business owners to source proprietary investment opportunities for the firm. Earlier in his career, Ian was a director at Harris Williams, a middle market investment bank, where he executed sell-side and buy-side deals across numerous sub-sectors within specialty industrials including industrial automation, value-added distribution, and tech enabled services, among others.

Ian is a graduate of the Darden School of Business at UVA and received his undergraduate degree from UNC-Chapel Hill.

Alex Wilson

Principal

Alex joined Iron Path Capital in September 2021. He previously worked at Quad-C where he evaluated and executed private equity investments across the business services, industrial services, specialty chemicals, specialty distribution, healthcare and building products sectors. While at Quad-C, he worked with Galleher, HaystackID, S.i. Systems, Village Gourmet and Stanton Carpet. Prior to joining Quad-C, Alex worked at Moelis & Company where he led transactions as the sole analyst in mergers and acquisitions, capital markets and restructuring across multiple industries.

Alex holds a B.S. degree in Commerce from the University of Virginia.

Lexa Heinz

Principal

Ms. Heinz joined Iron Path Capital in December 2022. Ms. Heinz previously worked at Percheron Capital and Silver Oak Services Partners where she evaluated and executed private equity investments across business, healthcare, and consumer services sectors. While at Percheron and Silver Oak, she worked most notably with Physical Rehabilitation Network, Integrated Oncology Network, DASCO, and Geriatric Medical.  Prior to Silver Oak, Ms. Heinz worked at Baird as an investment banking analyst where she led technology & services merger and acquisition transactions.

Ms. Heinz holds dual B.S. degrees in Finance and Accounting from the University of Illinois Urbana-Champaign and a M.A.S. degree from the University of Illinois Urbana-Champaign. She is also a Certified Public Accountant (CPA).

Parker Henry

Principal

Parker joined Iron Path Capital in July 2021. He previously worked at Raymond James in the Healthcare group, where he supported mergers and acquisitions and capital markets transactions for corporate clients and financial sponsors.

Parker holds a B.S. in Finance and B.A. in Political Science from the University of Tennessee, where he was a member of the Division I football team, and an M.S. in Finance from Vanderbilt University. Parker has passed all three levels of the CFA exam.

Kyle Mayo

Vice President, Full Immersion Operations

Kyle joined Iron Path Capital in June 2026. Prior to joining Iron Path, he served as Vice President of Operations at Main Street Health, where he led operations across a multi-state region. In that role, he was responsible for regional operating performance, strategic initiatives, organizational leadership, and value creation across a rapidly growing healthcare platform.

Previously, Kyle was a consultant at McKinsey & Company, where he advised clients on strategy, operational transformation, and performance improvement across multiple industries. Earlier in his career, he served as an officer in the U.S. Navy’s Naval Special Warfare community, leading high-performing teams through complex operational environments.

Kyle holds a B.S. in Economics from the U.S. Naval Academy and an M.B.A. from the University of Virginia Darden School of Business.

Alan Dyke

Vice President of Business Development

In May 2026, Alan joined Iron Path as Vice President of Business Development to support and expand its specialty chemicals portfolio. He is also the Founder and President of Critical Chemicals Company, LLC. Prior to joining Iron Path, he held senior positions at FAR Chemical, ProChem Inc., Boulder Scientific Company, and Johnson Matthey.

Alan is an Ally Board Member of the Women in Chemicals association and has been a Board Member of the Society of Chemical Manufacturers and Affiliates (“SOCMA”).

Alan holds a Ph.D. in Chemistry from the University of Bristol in the UK and is an industry expert in catalyst and organometallics manufacturing.

Katherine Wang

Vice President

Katherine joined Iron Path Capital in September 2021. She previously worked at Goldman Sachs in the Leveraged Finance group, where she supported the structuring and execution of bank loan and high yield bond financings for corporate clients and financial sponsors.

Katherine holds a B.S. degree in Finance from New York University.

David Witthoft

Vice President

David joined Iron Path Capital in July 2021. He previously worked at EY in the Transactions and Corporate Finance group, where he supported corporate valuation, mergers and acquisitions, and data analytics engagements for clients in the healthcare, real estate, and home services industries.

David holds a B.B.A. degree in Finance and Management Information Systems from the University of Georgia.

Andrew Hayek

Senior Associate

Andrew joined Iron Path Capital in August 2024. He previously worked at Houlihan Lokey in the Industrials group, where he supported mergers and acquisitions and capital markets transactions for a wide variety of corporate clients and financial sponsors.

Andrew holds a B.S. in Finance from the Indiana University Kelley School of Business.

Atharva Acharya

Associate

Atharva joined Iron Path Capital in September 2026. He previously worked at Piper Sandler in the Chemicals & Materials group, where he supported mergers and acquisitions, capital markets and restructuring transactions for corporate clients and financial sponsors.

Atharva holds a B.S. in Finance and Business Analytics from the Indiana University Kelley School of Business.

Kate Hardiman

Associate

Kate joined Iron Path Capital in September 2026. She previously worked at Stout in the Business Services group, where she supported mergers and acquisitions and capital markets transactions for corporate clients and financial sponsors.

Kate holds a B.S. degree in Applied Mathematics from the University of California, Santa Barbara.

Nicholas Sanker

Analyst

Nicholas Sanker joined Iron Path Capital in January 2025.

Nicholas holds a B.A. in Economics from Princeton University, where he was a member of the Division 1 football team.

Hunter Blair

Finance Manager, Full Immersion Operations

Hunter joined Iron Path Capital in April 2024. He previously worked as the Controller at Triumph Orthopedic Partners, where he led the growth and development of the Accounting and Finance functions and built systems to ensure cross-functionality between business units. Before joining Triumph, Hunter was Accounting Manager at Aegis Sciences Corporation during a period of extreme growth where he built and maintained accounting systems and processes. Hunter began his career in public accounting as an auditor with Crowe working with mid-market business to verify financial statement accuracy and business processes.

Hunter is a CPA and holds a Masters and B.S. degree in Accounting from The University of Tennessee.

Joseph Winstead

Accounting & Finance Manager, Full Immersion Operations

Joseph joined Iron Path Capital in July 2026. He previously worked as an Audit Manager in public accounting with Cherry Bekaert. He primarily served middle market clients in the industrial and tech industries during his six years with the firm.

He also worked as a senior audit associate for Ernst and Young where he served public companies in the retail and utilities industries.

He is a CPA and holds a Master of Accountancy from Belmont University and a Bachelor of Science in Business Administration degree in Accounting from The University of Tennessee.

Joseph is a member of the American Institute of Certified Public Accountants and the Tennessee Society of Certified Public Accountants.

Manager, Full Immersion Operations

Ryan joined Iron Path Capital in January 2026. He previously worked as a consultant at Bain & Company where he supported engagements in growth strategy, supply chain optimization, and performance improvement for advanced manufacturing, aerospace & defense, and energy & utilities clients. Prior to business school, Ryan was a nuclear submarine officer where he held several operational management roles as a division officer and intelligence analyst.

Ryan holds a B.S. in Systems Engineering from the U.S. Naval Academy and an M.B.A from Wharton.

John Giambalvo

Senior Associate, Business Development

John joined Iron Path in September 2026. He previously worked at Evercap Advisors, where he sourced platform and add-on opportunities for lower middle market sponsors.

John holds a B.S.B.A. in Finance from High Point University.

Ben Wheeler

Operating Fellow, Full Immersion Operations

Ben joined Iron Path Capital in July 2026. Prior to joining full-time, he interned with the firm’s Full Immersion Operations team in summer 2025, leading a supply chain optimization project for a chemical manufacturer and directing a pricing strategy analysis for a specialty materials company. Previously, Ben spent four years in venture debt, working with early-stage, VC-backed companies. Most recently as a Vice President, he managed a portfolio of enterprise software clients and led origination, underwriting, and negotiation for new client relationships.

Ben holds a B.A. in Economics from St. Lawrence University and an M.B.A. from the University of Virginia Darden School of Business.

Ryder Sadler

Operating Fellow, Full Immersion Operations

Ryder joined Iron Path in July 2026. He previously interned in an operating role at a private equity firm, focusing on supply chain initiatives at a specialty chemicals portfolio company. Prior to business school, Ryder worked at Merck & Co. as a process engineer, leading equipment qualification and process improvement efforts at a vaccine manufacturing facility.

Ryder holds a B.S. in Mechanical Engineering from the University of Virginia and an M.B.A. from the University of Virginia Darden School of Business.

Navya Roy

Data Analytics Manager

Navya Roy joined Iron Path Capital in June 2024 and leads enterprise data strategy for the firm’s portfolio companies. She builds and governs data warehouse architecture, engineers scalable data pipelines, and delivers executive-ready analytics and reporting that drives operational transparency, forecasting precision, and value creation.
Navya partners directly with executive leadership and investment teams to turn fragmented systems into reliable, decision-grade infrastructure. Her work enables performance improvement and insight generation at scale.

Before Iron Path, Navya held analytics and data leadership roles at Verizon and Stryker, where she led cross-functional initiatives in data engineering, performance optimization, and enterprise analytics execution.

Navya holds a B.B.A. from the University of Colorado and an M.S. in Data Science from Johns Hopkins University.

Pamela Moko Defo

Fund Controller

Pamela joined Iron Path Capital in May 2026 and has more than 15 years of experience in investment accounting. Most recently, she served as Investment Accounting Manager with Strategic Investment Group.

At Iron Path Capital, Pamela is responsible for overseeing accounting and financial reporting.

Pamela holds a B.S. degree in Economics from University of Montreal and M.S. degree in Investment Management from Temple University.

Michelle Carrier

Accountant

Michelle joined Iron Path Capital in August 2024. She has 10 years of accounting experience in banking and most recently in insurance. She handles the bookkeeping, payroll, and office management for Iron Path Capital.

Michelle holds a B.S. degree in Human Resources Management from James Madison University.