Peter B. Kelly


Peter B. Kelly

Lecturer in Management

Teaching Statement

Peter Kelly teaches STRAMGT 543: Entrepreneurial Acquisition, STRAMGT 355: Managing Growing Enterprises, and STRAMGT 549: Search Fund Garage. He has been a guest and case subject in STRAMGT 353: Formation of New Ventures, STRAMGT 355: Managing Growing Enterprises, and STRAMGT 551: Building & Maintaining Professional Sales Organizations. Kelly draws from experience forming a search fund, acquiring and leading a growing healthcare services business for 17 years, executing 25 acquisitions with a team, and investing in and advising various companies.


Kelly is a board director of Auronix SAPI, executive chair of Huneeus Wines, and chair of ResponseLink LLC. He is the former chief financial officer, president and chief executive officer, from 1993 to 2010, of Med-Mart/Pacific Pulmonary Services, a provider of home respiratory services acquired in 1993 by a search fund that Kelly co-founded.

Kelly is a former board director of PPS, AquaVita Holdings, eCompliance LLC, Krueger-Gilbert Health Physics Inc., Northstar Anesthesia Inc., Guardian Home Care Holdings Inc., Medical Equipment Distributors Inc., The Governance Institute Inc., the Council for Quality Respiratory Care (chair), the American Association for Homecare, and Marin Academy.

He also teaches a course at IESE Business School in Barcelona, Spain and is an investor in operating companies in eight countries. Prior work experience includes investing at TA Associates, a risk capital firm where he originated investments in software and communication companies.

Kelly was an undergraduate student at Stanford, where he received an individually designed bachelor of arts in “Science, Technology, and Social Theory” and a master of science in industrial engineering in 1985. After working in venture capital, he returned to Stanford and earned an MBA from Stanford Graduate School of Business. He lives in Mill Valley, California, with his wife and their two children.


Journal Articles

Stanford Case Studies

Stanford GSB Affiliations

  • Faculty Center for Entrepreneurial Studies

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