Crossplane Capital, a Dallas-based private equity firm, has promoted Mike Sullivan to a partner with the firm.

Sullivan has been with Crossplane since its 2018 founding and joined as the firm’s first hire as a managing director. In his time with the firm, Sullivan has led the closing of two platform investments and played a role in each transaction the firm has made. Before his time with Crossplane, Sullivan served as a managing director with Prophet Equity.

“We are fortunate to have such a unique talent in Mike Sullivan,” said Crossplane Capital partner, Brian Hegi. “Mike took a leap of faith with us when we started Crossplane in 2018, and he has proven to be an invaluable asset. His fingerprints are all over our firm from our collaborative culture to our investment and value creation processes. Mike is the ultimate team player.”

“Mike is an outstanding leader who is well-respected by his colleagues, our portfolio company management teams and our investors,” said Crossplane Capital partner, Ben Eakes. “He has been an integral part of what we are building at Crossplane, and we are thrilled to announce Mike’s promotion to partner.”