Ingrams September 2023

Chris Long CHAIRMAN/CEO/PORTFOLIO MANAGER / CO-OWNER PALMER SQUARE CAPITAL/KC CURRENT

Patrick Mahomes KANSAS CITY CHIEFS, INVESTOR

Patrick Mahomes’ business savvy runs just as deep as his on-field skill. Still only 28 as of this month, and with a brand new contract that resets the NFL scale for quarterbacks, he’s already part of the ownership of the Royals, Sporting KC, and the Kansas City Current. He has a piece of the outfit bringing 30 of his beloved Whataburger franchises to this market, plus other corporate investments that sug gest he’ll be tied to Kansas City long after his playing days are over,

Chris Long and company have seen success in recent times, and he’s quick to shift the spotlight onto faithful customers. “We couldn’t be more proud about how our strategies have performed and are so appre ciative of our cherished client base,” he said, citing strong investment performance and client retention as hallmarks of the past year. Palmer Square manages over $27.3 billion in fixed income/credit investments for a wide array of institutional and high-net-worth investors. He and his wife, Angie, are also co-owners of the Kansas City Current.

COLLEGE: Texas Tech University BY THE NUMBERS: The Chiefs’ preseason media guide needs more than eight full pages to chronicle Ma homes’ performance with the team; he’s already the franchise leader in eight passing categories, including career passer rating (105.7), number of 300-yard games (41) and single-season yardage (5,250). More to come … ANY REGRETS, BUFFALO?: In recent years, the Buffalo Bills have emerged as one of the team’s biggest roadblocks to the Super Bowl (Cincinnati being the other). Lest we forget, though, the Chiefs traded the No. 27 overall pick and a third-round pick in 2017 and their 2018 first-round selection to move up in the draft and grab Mahomes as the 10th overall selection. On the other end of that trade? The self-same Buffalo Bills. Heh. REALTY CHOPS, TOO: Mahomes and his wife, Brittany, recently put their home south of the Plaza on the market, several years after acquiring it for a reported $1.9 million. Web updates suggest it was immediately snapped up—for nearly $2.9 million. Everything this guy touches, it seems, turns to gold.

COLLEGE: A.B., Economics (cum laude), Princeton University; MBA, Harvard Business School RECESSION ODDS: “It’s so difficult to predict, but we don’t place a high probability on it. Our view that rates will stay higher for longer is, in part, based on our view that the macro picture looks resilient. The labor market is as strong as ever. The consumer remains in decent shape. In Europe, the macro picture has improved substantially and geopolitical risks have eased. So, growth will undoubtedly slow as high interest rates restrict investment, but we don’t envision a hard landing.” NEXT BIG THING: “Last year, we talked about breaking ground on our new Downtown stadium for the Kansas City Current. Nearly one year later, the first purpose-built stadium in the world for a women’s pro sports team is almost complete. Next on the list is the exciting mixed-use development we’re doing adjacent to the stadium along with PortKC. This is a huge win for the city on so many fronts, and we can’t wait for all of it to come together.”

Peter Mallouk PRESIDENT/CEO, CREATIVE PLANNING

Matt Malott PRESIDENT/CEO, MULTIVAC

With 2,250 employees and plans to add more, Peter Mallouk’s Creative Planning success story continues to be told. “I think our most significant achievement is our consistency,” he said. “Our team expands or improves our services over and over and over again.” Suc cess has allowed him to start several charities, focused on breaking the cycle of poverty or improving the quality of life of individuals.

Since taking his leadership role at Multivac Group in 2018, Malott has led the U.S. headquarters in Kansas City to great heights in the packaging and production industry. In the past year, Multivac has seen the introduction of a bevy of innovations to its products, which improve productivity and sustainability for companies in the food-production sector.

COLLEGE: B.A., University of Kansas; MBA, J.D., University of Kansas RECESSION ODDS: “Well, if we all keep predicting one, it will eventually happen! I think we may have a mild recession in 2024, but nothing severe, but my prediction, along with all economic predic tions, is worthless. The economy is too dynamic to be predictable.” ON THE NEW KCI: “They did an incredible job with it. We have a lot of clients fly in from out of town and it has definitely changed everyone’s impression not just of the airport, but of the entire city.

COLLEGE: B.S., Marketing Management, Park University JOB DUTIES: Malott oversees a corporate work force of 400, of which about 230 are based in the Northland headquarters and production facility. BOOM: As of Multivac’s most recent revenue disclosure, Malott and his team’s sales had increased 33 percent year-over-year, surpassing $349 million. ABOUT MULTIVAC: The German parent provides industrial packaging systems for companies around the world, food-production sites in particular. The Kansas City site is its only North American produc tion facility, but the company has regional offices throughout the U.S. In March 2023, the company decided to pull all of its global subsidiaries under one banner—Multivac Group.

KC’S NEXT BIG THING: “I hear a baseball team may be moving!” KEY TO HIRING LEADERS: “A servant mentality. And no jerks.”

Korb Maxwell PARTNER, POLSINELLI, PC

John McCarthy PRESIDENT, M C CARTHY AUTOMOBILE GROUP

Korb Maxwell’s bosses at one of the region’s largest law firms, Polsinelli PC, can provide a two-word job evaluation for his work in real-estate transactions: “Killing it.” Maxwell’s expertise has secured hundreds of millions of dollars in incentives for his clients. He leads the Polsinelli Opportunity Zones practice group, which focuses on long-term investments through the placement of highly tax advan taged capital.

This is what four decades of labor in the auto-sales work can pro duce: 11 vehicle dealerships in a swath that runs from Lawrence to Sedalia, employment for more than 700 people (including multiple family members) and sales floors teeming with popular brands like Chevrolet, GMC, Hyundai, Subaru, Honda, Toyota, Dodge, Chrysler, Ram and Jeep, with parts, maintenance and collision-damage ser vices.

COLLEGE: B.A., University of Kansas; J.D., University of Texas. IN THE ZONES: Maxwell’s history of work in the development-incentives space prompted him to take the lead in the firm’s creation of his practice area. The Opportunity Zones tax incentive was established to lure investor capital to historically overlooked communities across the U.S. EARLY RISER: Maxwell was a 2015 selection for Ingram’s 40 Under Forty, spotlighting young execu tive talent in the Kansas City area. RECOGNITION: Raise your hand if you’ve heard of this niche publication, but Maxwell also received a spot in the “Top 25 Opportunity Zone Influencers” by Opportunity Zone Magazine .

PHILANTHROPIC AT ITS CORE: The auto group has a deep history of philanthropy, providing funding for scholarships to more than five dozen organizations, from school districts and private schools to the Boys & Girls Clubs. It has also provided financial backing for health-care causes and medical research, student athletics, public safety, the arts and more. LIKE FATHER …: McCarthy’s son, Ryan, has been with the group since 2000 and has joined Dad in the ownership. THE BRANDS: The company’s dealerships include Chevrolet sites in Olathe, Lee’s Summit and Over land Park, Honda in Overland Park, Nissan in Lawrence and Olathe, Hyundai in Olathe and Blue Springs, Subaru in Lawrence, and Toyota in Sedalia. GIVING BACK: The company has long been known for supporting local organizations, formalizing that commitment in 2017 when it established the McCarthy Family Foundation as the organization’s charitable arm, providing a more structured philanthropic strategy.

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September 2023

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