Welcome!

News Feed Item

Castle Harlan Promotes Heather L. Faust to Managing Director

Heidi Petroff, Eric M. Schwartz Named VPs

NEW YORK, Jan. 8, 2014 /PRNewswire/ -- Castle Harlan, Inc., the New York based global middle market private equity firm, today announced it has promoted Heather L. Faust to managing director.

The firm also announced that Heidi Petroff and Eric Schwartz have been appointed vice presidents.

"These promotions recognize the contributions these professionals make to Castle Harlan, as well as our firm's strong commitment to recruit, develop and reward talent and to build a new generation to lead the firm into the future," said John K. Castle, Chairman and Chief Executive Officer and Leonard M. Harlan, Chairman of the Executive Committee

Faust, a vice president of the firm before her promotion, joined Castle Harlan in 2008.  She currently serves as a director of Baker & Taylor, the world's largest distributor of books and value-added services to libraries.  She has been on the boards of IDQ Holdings and Ames True Temper. 

"Heather is particularly effective in working with company management teams to identify and implement growth opportunities," said Howard D. Morgan, Co-President of Castle Harlan.  "Whether the business is book and media distribution, aftermarket automotive air-conditioning products or lawn and garden equipment, she has helped executives build their companies and Castle Harlan's investment in them."

"Faust also has an extensive network of contacts that enables her to find potential investment opportunities," said William M. Pruellage, also Co-President of the firm.  "We cast a wide net seeking investment opportunities across a broad array of sectors to find the handful of deals that we believe will make good investments.  Heather is very effective at deal-sourcing both opportunities that are competitive and those that are offered to us on a proprietary basis."

Prior to joining Castle Harlan, Faust was a management consultant at McKinsey & Co., where she advised and directly assisted clients in defining and implementing key strategic and operational business transformations.  Beginning in late 2003, she was a temporary employee of the Department of Defense and worked in Baghdad helping Iraqi businesses get re-established.

"The work was intense and challenging," she said. "But it was extremely rewarding to work with the Iraqi business people to rebuild and strengthen the country's private sector."

Faust graduated cum laude from Princeton University with a B.S.E in Operations Research and Financial Engineering, and she holds an M.B.A from the Harvard Business School.

Eric Schwartz recently returned to Castle Harlan in New York after two years of working in Sydney at the firm's Australian affiliate, CHAMP Private Equity, as part of a longstanding series of staff exchanges between the two firms.  Prior to his assignment in Australia, he had taken a leave from Castle Harlan to attend the Stanford Graduate School of Business, where he earned an M.B.A. with the distinction of Arjay Miller Scholar. 

Before joining Castle Harlan in 2009, Schwartz was an investment banking professional at Citigroup.  He graduated cum laude from Duke University with a B.S.E. in Biomedical and Electrical Engineering.

Heidi Petroff also was part of the staff-exchange program with CHAMP.  She came to Castle Harlan in 2012 from Australia and now is a permanent employee of Castle Harlan.  While at CHAMP, she was involved with mergers, acquisitions and realizations of many of the firm's investments across a range of industries.  She served on the boards of directors of many CHAMP portfolio companies including Alleasing Pty Ltd. and Accolade Wines Pty Ltd. 

Petroff previously had been part of the private equity team at Macquarie Group, the large international investment bank based in Sydney.  While there, she focused on the group's healthcare holdings.  Petroff holds two degrees from the University of Western Australia, a Bachelor of Commerce with a major in quantitative finance and a Bachelor of Laws.

About Castle Harlan

Castle Harlan, founded in 1987, invests globally, directly or through its affiliates, in controlling interests in the buyout and development of middle market companies worldwide.  Its team of 18 investment professionals has completed 53 acquisitions since its inception with a total transaction value in excess of $11 billion.  Castle Harlan, along with its affiliates, has managed investment funds with equity commitments of over $6 billion.  The firm traces its roots to the start of the institutionalized private-equity business in the late 1960s.  Since 1999 Castle Harlan has invested in Australia and Southeast Asia through its affiliate CHAMP Private Equity in Sydney and Singapore. 

Castle Harlan's current portfolio of companies includes Shelf Drilling Holdings Ltd., the leading provider of jack up drilling rig services in Asia, Africa, India and the Middle East; Pretium Packaging LLC, one of the country's leading manufacturers of custom-designed specialty plastic containers for the food, pharmaceutical, personal-care and household markets; and Baker & Taylor, the world's largest distributor of books and entertainment products to libraries and retailers.  For more information, visit www.castleharlan.com.

SOURCE Castle Harlan, Inc

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that TMC has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo and Big Data at Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. Learn how we can help you reach your marketing goals.
SYS-CON Events announced today that TechTarget has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets.
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organi...
Managing mission-critical SAP systems and landscapes has never been easy. Add public cloud with its myriad of powerful cloud native services and this may not change any time soon. Public cloud offers exciting new possibilities for enterprise workloads. But to make use of these possibilities and capabilities, IT teams need to re-think everything they have done before. Otherwise, they will just end up using public cloud as a hosting platform for their workloads, aka known as “lift and shift.”
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists looked at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deliver...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 21st Int\ernational Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
"Tintri focuses on the Ops side of the DevOps, which basically is pushing more and more of the accessibility of the infrastructure to the developers and trying to get behind the scenes," explained Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, paneli...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...