CAI Private Equity has appointed Allan Weinstein as a new Managing Partner. He will lead the firm’s United States investment effort, which is focused on energy and utility services, business and financial services, specialty/niche manufacturing, aerospace and healthcare. He will be based in CAI’s New York office.
“Allan is a valuable addition to our partnership. He possesses a great deal of experience across a variety of industries and has led a number of successful investments,” said Les Daniels, Managing Partner and Co- Founder of CAI. “I’m excited to work with him as his energy and capability will help grow our United States investment efforts enormously.”
With nearly 18 years of experience in private equity investing, Mr. Weinstein most recently served as Managing Director at Lincolnshire Management, a middle market private equity firm. He led investment transactions with favorable returns and held board positions in portfolio companies: Allison Marine Holdings, Phoenix Brands, Wabash National Corporation, Bankruptcy Management Solutions; Prince Sports; and Riddell Sports. During this time, Mr. Weinstein also served as interim, full-time CFO during the turnaround of Credentials Services International, a Lincolnshire portfolio company. Prior to Lincolnshire, he was a Senior Credit Analyst for Fleet Bank.
“CAI has an impressive track record in the middle-market particularly in the utility-services, energy, specialty manufacturing, health care, aerospace, and business and financial services segments,” said Mr. Weinstein. “I expect the combination of my experience in the middle-market, CAI’s strong foundation, experienced professionals and our focus on building the business, particularly by investing in middle-market companies with EBITDA in excess of $5 million, will yield impressive results.”
CAI is a private equity firm specializing in buyouts, restructurings, acquisitions, recapitalizations and other corporate growth initiatives. CAI has $650 million under management, is currently investing Fund IV, and is targeting companies that generate in excess of $5 million in annual EBITDA in the utility and energy services, healthcare, aerospace & defense, specialty manufacturing, and business and financial services sectors. The firm was founded in 1989 and has offices in New York, Toronto, Montreal and Vancouver (www.caifunds.com).
“I’m particularly pleased to welcome Allan into our partnership and look forward to collaborating with him to grow the firm for the next generation,” said Tracey McVicar, Managing Partner.
