Sharilyn Gasaway: A Veteran of $28B Deals Stays Active

by Mark Friedman  on Monday, Mar. 29, 2010 12:00 am  

In 2007, however, Alltel, the nation's fifth-largest wireless company, was for sale. "I was very involved throughout that entire process, making sure everyone knew the information that we had," she said. "The financial information was most critical because if you didn't have something correct, well, it could cause a problem."

She also had to discuss Alltel's numbers at road shows, in front of as many as 600 people, to help close the deal.

Two private equity firms, TPG Capital and GS Capital Partners, bought Alltel for $27.5 billion at the end of 2007, making it the biggest deal in Arkansas that year.

Within months, Alltel was making news again. In June 2008, Verizon announced it was acquiring Alltel in a $28.1 billion transaction.

Gasaway said the transactions were "a great experience. But it was very time consuming."

In February 2009, she became a member of the board of directors of J.B. Hunt of Lowell, where she reviews all its financial statements. She also is a member of the audit and the nominating and corporate governance committees.

She also serves on the Louisiana Tech University College of Business Advisory Board.

Gasaway said she enjoys serving on a company's board. "It's kind of what I did as an auditor, in terms of being able to step in and see the big picture of a company," she said. "It allows me also to continue to spend time with my family, which I've missed a lot."




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