CHICAGO--(BUSINESS WIRE)--Mar 25, 2025--
Red Arts Capital (“Red Arts”), a leading investment firm specializing in supply chain-related and logistics businesses, today announced the appointment of Ryan Grand as Head of Business Development. Mr. Grand will lead the deal sourcing function at the firm and build upon existing relationships with key intermediaries, executives, and stakeholders in the M&A ecosystem.
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“We are excited to welcome Ryan to the Red Arts team. His extensive private equity expertise and leadership experiences will be critical as we expand our strategic initiatives and grow our portfolio,” said Nick Antoine, Co-CEO and Managing Partner of Red Arts. “Ryan’s deep experience of building enduring relationships and sourcing opportunities aligns well with our mission to identify and execute on compelling investments.”
Mr. Grand joins Red Arts after serving as Managing Partner at EO Capital Partners. During his tenure, he led the firm’s principal investing activities with a focus on acquiring profitable companies in the lower middle market. Prior to his time at EO Capital Partners, Grand held key positions at HKW, Jefferies and Company, and Mesirow Financial. He holds an MBA from The University of Chicago Booth School of Business and a BA from Wabash College.
“I am thrilled to join Red Arts at such an exciting time in the firm’s trajectory,” said Mr. Grand. “I look forward to deepening our existing relationships and expanding our reach across the middle market within our core investment sectors.”
About Red Arts Capital
Based in Chicago, Illinois, Red Arts Capital is a leading investment firm with over $300 million in assets under management, with a focus on supply chain-related and logistics businesses. Red Arts Capital seeks to partner with and invest in proven, successful businesses that are uniquely positioned in their market and led by superior management teams to execute the value creation strategy and generate strong shareholder returns. With sector expertise and a commitment to responsible stewardship and excellence, Red Arts Capital supports its portfolio companies through its operational playbook, world-class network of operating partners, advisory councils and supply chain expertise.
Ryan Grand, Head of Business Development
Deir al-Balah, Gaza (AP) — Hospitals in Gaza say Israeli strikes overnight and into Wednesday killed at least 45 people, including several women and a week-old infant.
The fresh strikes come as Israel’s war on Hamas shows no signs of relenting, despite a surge in international anger at Israel’s widening offensive.
Israel began allowing dozens of humanitarian trucks into Gaza on Tuesday, but the aid has not yet reached Palestinians in desperate need, according to aid groups. U.N. spokesperson Stéphane Dujarric said Tuesday evening that although the aid has entered Gaza, aid workers were not able to bring it to distribution points where it is most needed, after the Israeli military forced them to reload the supplies onto separate trucks and workers ran out of time.
Internal notes circulated among aid groups Wednesday and seen by The Associated Press said that no humanitarian trucks had left Kerem Shalom, the border crossing in southern Gaza that is operated by Israel. The notes said 65 trucks moved from the Israel side of the crossing to the Palestinian side, but hadn’t made it into Gaza.
The Israeli defense body that oversees humanitarian aid to Gaza said trucks were entering into Gaza on Wednesday morning, but it was unclear if that aid was able to continue into Gaza for distribution. The U.N. agency for Palestinian refugees said they waited several hours to collect aid from the border crossing in order to begin distribution but were unable to do so on Tuesday.
On Tuesday, the U.K. suspended free trade talks with Israel over its intensifying assault, a step that came a day after the U.K., Canada and France promised concrete steps to prompt Israel to halt the war. Separately, European Union foreign policy chief Kaja Kallas said the bloc was reviewing an EU pact governing trade ties with Israel over its conduct of the war in Gaza.
Israel says it is prepared to stop the war once all the hostages taken by Hamas return home and Hamas is defeated, or is exiled and disarmed. Hamas says it is prepared to release the hostages in exchange for a full Israeli withdrawal from the territory and an end to the war. It rejects demands for exile and disarmament.
Israel called back its senior negotiating team from ceasefire talks in the Qatari capital of Doha on Tuesday, saying it would leave lower-level officials in place instead.
Meanwhile, Israeli strikes continued to pound Gaza. In the southern city of Khan Younis, where Israel recently ordered new evacuations pending an expected expanded offensive, 24 people were killed, 14 of them from the same family. A week-old infant was killed in central Gaza.
The Israeli military did not immediately comment on the strikes but has said it is targeting Hamas infrastructure and accused Hamas militants of operating from civilian areas.
The war in Gaza began when Hamas-led militants attacked southern Israel, killing some 1,200 people, mostly civilians, and abducting 251 others. The militants are still holding 58 captives, around a third of whom are believed to be alive, after most of the rest were returned in ceasefire agreements or other deals.
Israel’s retaliatory offensive, which has destroyed large swaths of Gaza, has killed more than 53,000 Palestinians, mostly women and children, according to Gaza’s Health Ministry, which doesn’t differentiate between civilians and combatants in its count.
Magdy reported from Cairo and Lidman reported from Tel Aviv, Israel. Associated Press writers Sally Abou AlJoud contributed from Beirut and Sam Mednick contributed from Tel Aviv, Israel.
Palestinians inspect a house destroyed by an Israeli airstrikes in Deir al-Balah, Gaza, Wednesday, May 21, 2025. (AP Photo/Abdel Kareem Hana)
Palestinian carry the bodies of their relatives including children who were killed in an Israeli army airstrike in Deir al-Balah, Gaza, Wednesday, May 21, 2025. (AP Photo/Abdel Kareem Hana)
Palestinians inspect a house destroyed by an Israeli airstrikes in Deir al-Balah, Gaza, Wednesday, May 21, 2025. (AP Photo/Abdel Kareem Hana)
