Click here to close now.




















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 HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...