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Raymond Quintus Anderson, prominent Jamestown resident and pioneer in leveraged buyouts

Nov. 27, 1930 – June 26, 2016

Raymond Quintus Anderson, one of Jamestown’s most prominent citizens and a pioneer in the acquisition and financing technique known as the leveraged buyout, died Sunday at his home in Vero Beach, Fla. He was 85.

Born in Jamestown, he attended local public schools before joining his brothers at Phillips Academy in Andover, Mass. Anderson earned an engineering degree from Princeton University, after which he accepted a commission in the Navy, serving as a first lieutenant.

Known to many as “Quint,” he went on to study at the Sloan School of Management at Massachusetts Institute of Technology before returning to Jamestown to join his family’s business, Dahlstrom Metallic Door Co., as a salesman. Upon the death his father in 1967, Anderson was elevated to president of the small but locally prominent manufacturing company in the heart of Jamestown’s factory district.

In the ensuing years, Anderson transformed Dahlstrom from a small public-held company to a privately held conglomerate known as Aarque Steel Corp., a family of manufacturing businesses headquartered in Jamestown with plants and offices in dozens of states and a half dozen foreign countries. His family said Anderson was proud that he could run a big business with a global reach from his office in the Jamestown Furniture Building.

He also acquired several other companies and operated them under the umbrella of Aarque Steel, including Kardex, Cold Metal Products and Jamestown Laminating. He retired in 1997.

He served on the board of Oneida Ltd., was a trustee of Northwestern Mutual Life Insurance Co. and was president of the Empire State Chamber of Commerce in the mid-1970s. He was an original member of the executive board that created the World Economic Forum, now known as “Davos.” President George H.W. Bush appointed Anderson as civilian aide to the Secretary of the United States Army. He also served as president of the New York State Chamber of Commerce from 1994 to 1996.

Anderson’s civic life centered on his philanthropic work and his long associations with local institutions, including Jamestown Community College, the Chautauqua Lake Association and the Chautauqua Institution, where he and his wife endowed the Chautauqua lecture series.

He is survived by his wife of 63 years, the former Sondra Rumsey; three daughters, Heidi Nauleau, Kristin Bristow and Tracy Egan; two sons, Mitchell and Brooks; a brother, Daniel; 11 grandchildren; and two great-grandchildren.

A memorial service will be held 11 a.m. Aug. 6 at St. Luke’s Episcopal Church, 410 N. Main St., Jamestown.

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