Glen Mayfield and Ted Robinson Named 2018 Deal Maker Lifetime Achievement Honorees

Venture Capital Firm Founders Honored by ACG Cincinnati


Glen Mayfield and Ted Robinson named as 2018 Deal Maker Lifetime Achievement Honorees

ACG Cincinnati, the membership community for middle market private equity and business leaders focused on corporate growth and M&A, is proud to announce that R. Glen Mayfield and Edwin T. (Ted) Robinson, co-founders of River Cities Capital Funds have been named as the 2018 Lifetime Achievement Recipients. The award is the chapter’s highest recognition, reserved only for those exceptional leaders who have driven significant corporate growth, organizational achievement and community impact by visionary, tenacious, and inspired deal making through acquisitions, joint ventures, strategic alliances, and financing transactions.

Glen and Ted were chosen for this award based on their history of achievements in founding and growing River Cities Capital Funds from its inception as a small equities firm in 1994 with $45M in investments to one of the most active and experienced growth equity funds in the country with nearly $600M raised to date and more than 100 investments. Glen and Ted, through River Cities, played a major role in the development of Cincinnati’s now-thriving entrepreneurial community through early stage investments in companies like Intelliseek and Planet Feedback, at a time when few other sources were available for seed capital.

About Glen Mayfield

Glen founded Mayfield & Robinson, Inc. in 1978. This firm specialized in merchant banking activities and in corporate finance and business advisory services targeting firms in the Midwest. His success in these endeavors led to the formation of River Cities Capital Funds in 1994, which Glen co-founded with his partner Ted Robinson.

Previous to his corporate finance and venture capital career, Glen was a Vice President of The First National Bank of Cincinnati (now part of U.S. Bank), specializing in commercial lending to a diverse portfolio of companies spanning many industries and all stages of development. He had earlier served in a marketing and sales capacity with Armstrong World Industries. Glen holds a B.A. from DePauw University. Following college, Glen served with the United States Marine Corps, obtaining the rank of Captain.

Glen has invested in and served on the Boards of Directors of more than 20 companies, both public and private. In 1999, Glen was named Entrepreneur of the Year by Ernst and Young. Among Glen’s numerous community activities are his prior service as Chairman of the Board of The Christ Hospital Health Network and Chairman of the DePauw University Board of Visitors. He is currently serving as the Chairman of the Board of the Elizabeth Gamble Deaconess Home Association, a major foundation dedicated to improving healthcare in the Greater Cincinnati region.

About Ted Robinson

Ted joined Glen Mayfield in 1981 and they co-founded River Cities Capital Funds in 1994. He has sourced and served as a Board member of a number of portfolio companies and he has overseen all administrative functions of the firm. Ted was actively involved in the early gestation of the SBIC Participating Securities program, which led to securing one of the earliest such licenses for River Cities.

Previously, Ted managed a venture capital fund as well as the U.S. acquisition activities of SHV Holdings, N.V., a large privately owned Dutch corporation. Prior to that, he practiced law as a partner of Strauss & Troy in Cincinnati and as a certified public accountant with Arthur Andersen & Co., also in Cincinnati.

He has been active in community affairs, including having served as Chairman of the Board of the Northern Kentucky Chamber of Commerce, of St. Elizabeth Healthcare, and of Thomas More College. Ted has held Board positions in a number of other organizations and private companies.

Ted holds a J.D. from the University of Cincinnati (1966) and an A.B. from Thomas More College (1963). He passed the bar exam and the CPA exam and became licensed to practice both professions in 1966.

“Glen and Ted are true entrepreneurs,” states Dan Fleming, one of the firm’s managing directors. “River Cities was found with little more than vision and a little seed capital at a time when venture capital firms were an unproven business model. Their credibility, ethics, business acumen and courage were the keys to success.”

Recent Deal Maker Lifetime Achievement Award Honorees include:

  • Dr. Candace Kendle, Kendle, Inc.
  • James “Jim” Wainscott, AK Steel
  • Robert “Bob” Castellini, The Castellini Group of Companies and The Cincinnati Reds
  • Jeff Wyler, Jeff Wyler Automotive Family
  • James Anderson, Cincinnati Children’s Hospital Medical Center
  • AG Lafley, The Procter & Gamble Company
  • John Barrett, Western & Southern Financial Group
  • George Schaefer, Jr., Fifth Third Bancorp
  • John Pepper, Jr., The Procter & Gamble Company
  • Richard T. Farmer, Cintas Corporation

The Deal Maker Awards are one of the oldest and most prestigious honors within the regional business community. The program recognizes the top deals and leading deal makers within the Tri-State. Nominations are accepted in the categories of corporate, financier/service provider and entrepreneur. An independent group of judges, comprised of former Deal Maker Honorees, review the nominations and select the winners. Criteria used by the judges include the importance of the transaction, product, service or dealmaker to the industry and also the level of creativity, resourcefulness and perseverance it took to complete the deal.