Clark Akers is currently a Managing Director in the SBIC Funds Placement Group with a middle market investment bank that provides investment banking, merger and acquisition advisory, institutional brokerage and research services. In this role Clark is responsible for raising capital for experienced U.S. investment managers.
Mr. Akers serves on the Advisory Board of Pharos Capital Group, a private equity firm based in Nashville and Dallas that provides later stage equity funding for internal growth, acquisitions, leveraged buyouts, management buyouts or recapitalizations to healthcare and business services companies.
Mr. Akers also serves on the Board of Directors of Pacific DataVision Inc. (PDV), a leading provider of mobile workforce management solutions that is focused on launching a state-of-the-art two-way radio network dedicated solely to serving businesses.
Mr. Akers also serves on the Board of Managers and is a founder and Vice President of Continuum 700 LLC, a wireless start-up that has acquired ten 700 MHz A Block licenses covering a population of approximately 12 million people. In preparation to bid on those licenses in a 2008 FCC 700MHz spectrum auction, Mr. Akers and his partners raised $68 million of capital for Continuum 700 LLC.
Mr. Akers recently served as Vice Chairman of Intechra, the largest electronic waste and asset disposal company in the U.S. As a founder of Intechra, Mr. Akers raised $50 million of equity that was necessary for the organic and acquisitive growth which marked Intechra’s rise to leadership in the e-waste business. Additionally, he was responsible for recruiting key members of Intechra’s management team.
Prior to Intechra, Mr. Akers served as Senior Vice President of External Affairs for TeleCorp PCS, Inc., the ninth largest wireless phone company in the US before its acquisition by AT&T Wireless in 2002. Prior to that, Mr. Akers was a founder and Senior Vice President of External Affairs of Tritel, Inc. As a Tritel founder, he was part of a team of four who raised $350 million in equity and $950 million in debt to start the company. After Tritel’s initial public offering in 1999, he was responsible for Investor Relations and Tritel’s Federal and State regulatory affairs.
From 1994 until the founding of Tritel in 1999, Mr. Akers was a founder and Vice President of Business Development for Mercury International Ventures, LLC, a telecommunications company focused on emerging market telecom opportunities. In that capacity, he was responsible for the acquisition of a nationwide data communications license in Jordan.
Mr. Akers received his Bachelor of Arts degree from Vanderbilt University in 1979.