Peter B. Kelly

Peter B. Kelly
Lecturer
Contact Info
PeterB.Kelly

Teaching Statement

Peter Kelly teaches and co-created “Entrepreneurial Acquisition” (S543) and “Search Fund Garage” (S549), and also teaches "Managing Growing Enterprises” (S355). Peter has taught at Stanford since 2009 and is a case guest in “Formation of New Ventures” (S353), “Managing Growing Enterprises” (S355), and “Building and Maintaining Professional Sales Organizations” (S551). His teaching approach is intended to be practical, demanding yet enjoyable, and grounded in rigorous thought. Peter draws from 17 years of experience as CEO of a healthcare services company that grew from 170 to 1,400 employees, serving as a director of 12 companies, and investing in 50 private companies in 8 countries.

Bio

Mr. Kelly is a member of the Board of Directors of ResponseLink, LLC, eCompliance LLC, AquaVita Holdings and Huneeus Vintners LLC and a Trustee of Marin Academy.  He is the former Chief Financial Officer, President and Chief Executive Officer, from 1993 to 2010, of Pacific Pulmonary Services (“PPS”), a healthcare provider of home respiratory services acquired in 1993, by the search fund that Kelly co-founded, and sold in 2008. 

Mr. Kelly is a former Board Director of PPS, Guardian Home Care Holdings, Inc., Medical Equipment Distributors, Inc., The Governance Institute Inc., the Council for Quality Respiratory Care, the American Association for Homecare, Krueger-Gilbert Health Physics, Inc., and NorthStar Anesthesia.  He also teaches a course at IESE Business School in Barcelona, Spain and is an investor in private companies and active search funds.  Prior work experience includes originating investments in growing software and communication companies at TA Associates. 

Mr. Kelly was an undergraduate student at Stanford, where he received both a 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 the Graduate School of Business.  He lives in Marin County, California, with his wife and their two children.

Publications

Other Publications

Rob Johnson, Heinrich Liechtenstein, Peter B. Kelly, Lenka Menden. Case no: F-0889-E. IESE Business School, University of Navarra, April 1, 2016.
Rob Johnson, Heinrich Liechtenstein, Peter B. Kelly, Ian Nieboer, Lenka Menden. Case no: F-0888-E. IESE Business School, University of Navarra, April 2013.

Teaching

Degree Courses

2018-19

This course is offered for students who, in the near term, aspire to the management and full or partial ownership of a new or newly-acquired business. The seminar, which is limited to 45 students, has a strong implementation focus, and deals in...

For aspiring entrepreneurs who don't have a burning idea or desire to start a company from scratch, acquiring a small business can provide a direct route to running and growing a business. This class will explore entrepreneurial acquisition (EA...

Search Fund Garage is an intensive hands-on, project-based course for students planning to pursue a search fund directly after or within a few years of graduation. Students will learn from the instructors, course peers, and class visitors,...

2017-18

This course is offered for students who, in the near term, aspire to the management and full or partial ownership of a new or newly-acquired business. The seminar, which is limited to 45 students, has a strong implementation focus, and deals in...

For aspiring entrepreneurs who don't have a burning idea or desire to start a company from scratch, acquiring a small business can provide a direct route to running and growing a business. This class will explore entrepreneurial acquisition (EA...

Stanford Case Studies

The League | E650
Peter Kelly, Cameron Lehman2019
2018 Search Fund Study: Selected Observations | E662
Peter Kelly, H. Irving Grousbeck, Austin Yoder, Sara Rosenthal2018
2016 Search Fund Study: Selected Observations | E605
Peter Kelly, David Dodson, H. Irving Grousbeck, Susan Pohlmeyer, Sara Rosenthal2016
Madison Reed | E553
Peter Kelly, Jessica Morgan2015
Minted | E532
Peter Kelly, Sara Rosenthal2014
Search Funds - 2013: Selected Observations | E521
David Dodson, Peter Kelly, H. Irving Grousbeck, Jason Luther, Sara Rosenthal2014
Vestige Capital | E450
Peter B. Kelly, Lacey Wismer2013

Stanford University Affiliations

Stanford GSB

  • Faculty, Center for Entrepreneurial Studies

Insights by Stanford Business

October 15, 2018
A little-known investment vehicle skyrockets young entrepreneurs into top roles.