|By PR Newswire||
|January 8, 2014 09:30 AM EST||
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 and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes how...
Dec. 9, 2016 12:45 AM EST Reads: 5,106
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dec. 9, 2016 12:45 AM EST Reads: 1,197
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
Dec. 9, 2016 12:30 AM EST Reads: 877
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 9, 2016 12:00 AM EST Reads: 688
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 9, 2016 12:00 AM EST Reads: 1,171
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 09:45 PM EST Reads: 1,237
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Dec. 8, 2016 09:15 PM EST Reads: 1,670
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Dec. 8, 2016 09:15 PM EST Reads: 962
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Dec. 8, 2016 08:30 PM EST Reads: 1,891
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Dec. 8, 2016 07:45 PM EST Reads: 334
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Dec. 8, 2016 07:15 PM EST Reads: 393
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 8, 2016 06:45 PM EST Reads: 957
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Dec. 8, 2016 05:45 PM EST Reads: 951
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 8, 2016 05:45 PM EST Reads: 1,726
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Dec. 8, 2016 05:00 PM EST Reads: 1,822