Dundon is the Chairman and Managing Partner of Dundon Capital Partners, a Dallas-based private investment firm. His investment activities have spanned the entertainment, healthcare, real estate and hospitality, technology, automotive and financial services sectors. He is the majority owner of Employer Direct Healthcare and serves as the co-chairman of Topgolf. He and his wife, Veruschka, have five children and reside in Dallas.

Peter Karmanos Jr., who originally purchased the franchise in 1994, will maintain an equity stake in the team. In 1997, Karmanos relocated the team to North Carolina, where it has captured three division titles, two conference titles and the 2006 Stanley Cup Championship. In 2015, Karmanos was inducted into the Hockey Hall of Fame in the category of Builder, in recognition of his more than four-decades of achievements and contributions to the sport.

“Tom has had tremendous success in business, and I fully expect that to continue as he takes control of the Hurricanes,” said Karmanos. “I look forward to working with him, and bringing another Stanley Cup to North Carolina.”