The Waterproof Partnership, Ltd. is a family limited partnership, of which G. Walter Loewenbaum II serves as a general partner.In addition to being one of the founders of LeCorgne Loewenbaum & Co., Wally is the President and CEO of Loewenbaum and Company Incorporated.Prior to Loewenbaum and Company, Wally was one of the founders and was Chairman of Southcoast Capital.Prior to Southcoast Capital, Wally was a professional with Morgan Keegan & Co, Inc. and Howard Weil Labouisse Freidrichs, Inc.Wally
has been actively involved in financing the growth of companies at all stages of development, both from a principal and investment banking standpoint.In addition, Wally has served as a director on several corporate boards of both public and private companies, including Luminex Corporation (public company, Chairman), 3D Systems Corp. (public company, Vice-Chairman), Sonic Innovations Inc. (public company), Southdown, Inc. (public company, Chairman 1987-1994), Envoy Corporation (public company, Chairman 1985-1995), American Funeral Services (public company), Montgomery Tank Lines, Synthesys Technologies, Inc., and others.
has also been involved in the acquisition or sale of several significant businesses, including the sale of Alexander Proudfoot ($200,000,000), the acquisition by Southdown, Inc.
of Moore-McCormac Resources (approx. $1,000,000,000), the sale of the credit-card division of Envoy Corporation
to First Data Corp.
(approx. $300,000,000), the sale of American Funeral Services
to Service Corp.
...Wally received his B.A. from the University of North Carolina, where he is on the Board of Visitors, and also is a member of the Board of Directors of Oldfield School in Maryland.