FRANK HAWLEY Obituary

HAWLEY--Frank Jordan, Jr. Frank Jordan Hawley, Jr., a private equity executive and founder of Saugatuck Capital, died December 18, 2025, in Stamford, Connecticut. He was 98. Mr. Hawley began his career at Lazard Freres. He joined Foster Management Company in 1974 and made a notable early investment in Yoplait, which later helped launch the American mass-market yogurt business. In 1982, he founded Saugatuck Capital, where his successes included PhyCor, Sylvan Learning Systems, and Floor and Decor, among others. Born October 3, 1927, in Roanoke Rapids, North Carolina, Mr. Hawley graduated from the University of North Carolina at Chapel Hill, where he studied physics. He served as a lieutenant aboard the USS Forrest Royal during the Korean War, then earned his MBA from Harvard Business School in 1955. While in Cambridge, he met his future wife, Alethea Wood. They married in 1959 and lived on Long Island and later in New Canaan, Connecticut. Mr. Hawley served on the Board of Visitors at UNC-Chapel Hill and the board of the Kenan Institute for Private Enterprise. He was also vice president and treasurer of the New Canaan YMCA. In 2013, he married Sarah Litchfield of Pound Ridge, New York. He is survived by his sons Jordan, Mark, Andrew, and Stuart Hawley; daughter Alethea (Lee) Elkins; nine grandchildren; and one great-grandchild. A memorial service will be held on February 7, at 11:00am, at St. Mark's Episcopal Church in New Canaan, Connecticut. In lieu of flowers, donations may be made to the Squam Lakes Association and the Special Olympics of New York.