Parchman, Vaughan, & Company, LLC, a leading middle market investment bank focused on the education and training industries, continues its long-standing partnership with the Morehead-Cain Foundation by welcoming Morehead-Cain scholar Jacob Schmidt as a summer analyst. Schmidt is a rising junior at the University of North Carolina at Chapel Hill, pursuing a Business Administration degree from the prestigious UNC Kenan-Flagler Business School. He is a member of the varsity football team at North Carolina, and also commits time to the school’s Athletes in Action organization. Schmidt spent last summer in Cape Town, South Africa as a mentor and coach at the Ubuntu Football Academy, a non-profit organization focused on empowering young boys through sports and developing the next generation of African leaders.
Parchman Vaughan provides the highest level of investment banking expertise to company clients. Parchman Vaughan partner and Morehead-Cain alumnus Todd Parchman founded the company in 1996 alongside partner Lara Vaughan, and with the recent addition of partner James Rowan, the team at Parchman Vaughan has led over 300 engagements in the education sector, completed M&A transactions totaling over $1.5 billion, and executed financings with a transactional value greater than $5 billion.
The Morehead-Cain Foundation is the United States' oldest and most prestigious merit scholarship program, which features a distinctive summer enrichment program designed to support students throughout their college experiences. During the course of four summers, scholars have opportunities to complete an outdoor leadership course, commit themselves to public service in the U.S. or abroad, conduct research at sites around the world, and gain experience in private enterprise.
The selection criteria for Morehead-Cain Scholars are leadership, academic achievement, moral force of character and physical vigor. Recipients are chosen solely based on merit and accomplishment. Less than 3 percent of all applicants receive the scholarship.
Some of the 3,000 Morehead-Cain alumni include:
- Pulitzer Prize-winning author Taylor Branch;
- U.S. Congressman Jim Cooper;
- North Carolina Governor Roy Cooper;
- U.S. Congressman David Price;
- Bobby Evans, General Manager of the San Francisco Giants;
- Sallie Krawcheck, Chief Executive Officer and Co-Founder of Ellevest, and one of LinkedIn’s Top Ten Influencers;
- Jonathan Reckford, Chief Executive Officer of Habitat for Humanity International;
- Tim Sullivan, Chief Executive Officer of Ancestry.com;
- Karen Stevenson, a U.S. Magistrate Judge and the first black American woman to win the Rhodes Scholarship;
- New York Times columnist and author Frank Bruni;
- Ann Livermore, current Board of Directors and former Executive Vice President at Hewlett-Packard;
- Adam Falk, President of Williams College;
- Best-selling novelist Shilpi Somaya Gowda;
- Peter Henry, Dean of New York University’s Stern School of Business;
- Francis Collins, Director of the National Institutes of Health; and,
- Todd Parchman, Partner of Parchman, Vaughan, & Company.
