Michael assists in the overall management of the firm and is responsible for origination of new investment opportunities, due diligence, deal structuring, transaction execution and portfolio management. Prior to joining Ashland, Michael was an Associate with Reppert Capital, a private equity firm that focuses on leveraged recapitalizations in the Lower Middle Market. Prior to joining Reppert Capital, Michael worked in both Corporate Finance and Corporate Development functions at the Columbia Pipeline Group (CPG). Michael started his career at Alvarez and Marsal where he worked in their transaction advisory practice. He received a . from Emory University and is a Certified Public Accountant (inactive).
On July 1, 2008, the New York State Court of Appeals dismissed all claims against Grasso. The majority opinion stated that since the NYSE was now a subsidiary of a for-profit multinational corporation , the State of New York had no oversight over the affairs of the company in this matter and that prosecution was "not in the public interest ". Current Attorney General Andrew Cuomo stated that he had no intention to appeal this decision any further and that the case was effectively over. The court ruled that Grasso was entitled to the entirety of his compensation. The court also dismissed Grasso's actions against the NYSE and other parties as related to this matter.