Managing Partner

Alex Carles joined Wellspring in 2001 and became a partner in 2007. Alex has led the acquisition and/or divestiture of American Coin Merchandising, Vistar Corporation, Home Décor Holdings, Edwin Watts Golf Shops, Tube City IMS Corporation, Stripes Holdings, Performance Food Group, Checkers Drive-in Restaurants, United Sporting Companies, Crosman Corporation, National Seating & Mobility, Great Lakes Caring and Help at Home.

Alex founded the Wellspring healthcare effort and also focuses on the consumer, retail and services sectors. His active portfolio companies include Help at Home, AirSwift, Center For Diagnostic Imaging, Milan Supply Chain Solutions and Cadence Petroleum Group. Additionally Alex co-leads the firm’s stressed/distressed credit effort.

Alex was previously an investment professional at Whitney & Co., in that firm’s middle market buyout group with Bill Dawson. Prior to Whitney, he was a proprietary high yield research analyst at Lehman Brothers involved in the initiation for the satellite telecommunications and radio industries.

Alex graduated from the College of William & Mary with a Bachelor of Arts in Economics and London School of Economics in the General Course with a concentration in finance with a sub-focus on the economic history of Russia, India and Japan.

Alex focuses his personal efforts on his family as well as fighting Connecticut youth hunger and inner city child education via the High School for Peace and Social Justice in Philadelphia where he endowed a digital library and The Academy For Peace and Social Justice.