K. Rick Turner

Managing Director

Rick joined Altos in 2012.

From 2019 to 2021, Rick served on the board of UGI Corporation (NYSE: UGI) and from 2012 until 2019, he served on the board of AmeriGas Propane (NYSE: APU). From 2002 to 2018, Rick served on the board of Energy Transfer Equity (NYSE: ETE) where he chaired the compensation committee for several years. He was also a director of Energy Transfer Partners (NYSE: ETP) from 2004 to 2011, Sunoco LP (NYSE: SUN) from 2014 to 2018, and North American Energy Partners (NYSE: NOA) from 2003 to 2016. In addition, Rick served on audit committees and numerous conflicts committees for the aforementioned public companies. Notably, ETE/ETP and NOA were private equity investments that he led for The Stephens Group, LLC.

Rick is known for partnering with entrepreneurs, business founders, managers and sponsor groups to develop and cultivate successful enterprises that value employees and customers while creating value for shareholders over the long term. Employed by Stephens’ family entities from 1983 until 2011, he lastly served as a board member and Senior Managing Director of The Stephens Group, leading the investment initiatives of the private equity practice and managing the Houston, Texas office. He first became a private equity principal in 1990 after serving as the Assistant to the Chairman, Jackson T. Stephens. His areas of focus have been oil and gas exploration, mid-stream operations, processing industries, and power technology. His investment experience has run the gamut from start-ups to large public companies. Rick began his career with Peat, Marwick, Mitchell and Company and is a non-practicing Certified Public Accountant.

Rick received his B.S.B.A. from the University of Arkansas.