Frank W. Hulse IV (in memoriam)
River Capital mourns the loss of a great friend and colleague. F.W. (Billy) Hulse IV passed away September 21, 2012, at his home in Atlanta, at the age of 65.
Mr. Hulse was a Principal of River Capital, and one of the original founders in 1983. He had been a special limited partner in several of the River Capital partnerships.
Before River Capital, Mr. Hulse was President and Chairman of Hangar One, Inc., a general aviation sales and service company that he owned and sold to Beech Aircraft in 1983. During his ownership, the company grew from five to fifteen locations with more than 800 employees, and its annual revenues increased from $20 million to over $100 million. Mr. Hulse was also the owner of Aviation Supply Company, a $20 million aviation parts distributor, which he sold to Piedmont Airlines in 1983.
Mr. Hulse was formerly Chairman of American Beechcraft Company and a Director of Fuqua Enterprises, Inc. (NYSE) and numerous privately held companies. In addition, Mr. Hulse had formerly served as Chairman of General Hardware Company and Décor Gravure Corporation, Inc., which were River Capital portfolio companies.
Mr. Hulse served on the Board of Managers of the University of Virginia Alumni Association, the Board of the World President's Organization, and the Board of Trustees of Embry-Riddle Aeronautical University. He was a member of several business and civic organizations including the Atlanta Rotary Club, the International Business Fellows, and served as International President of the Young President's Organization.
Mr. Hulse received a bachelor's degree in Economics from the University of Virginia and a master's degree from the Harvard Business School. Born and raised in Birmingham, Alabama, Mr. Hulse was living with his wife in Atlanta.