Manufacturing-focused private equity firm Altus Capital Partners has made a trio of hires as it steps up investing the $200m buyout fund it raised in 2011.
Former Parthenon Capital Partners employee Scott Johnson, pictured, has joined as senior associate and Joseph Melo has become assistant controller after moving over from Morgan Stanley’s private equity administration arm.
Investment banker Mike Barry has also been hired as an associate.
Altus co-founder and managing partner Russell Greenberg said, “We will continue to invest in resources as we move ahead in investing Altus Capital Partners II and managing our portfolio.
“These three additions to our staff, at both our Connecticut and Illinois offices, bring additional depth to our investment and support teams.”
The news comes in the same month the Wilton, Connecticut-based firm Altus Capital Partners promoted Heidi Goldstein to principal.
Goldstein joined Altus in 2006 from GE Antares Capital, where she was focused on underwriting and portfolio management of leveraged transactions.
Altus targets buyout, recapitalisations and corporate divestitures in defensible market niches, in companies with enterprise values of between $30m and $100m.
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