“Ben has proven himself to be a highly capable investor who exemplifies our ‘high road’ business philosophy,” said Bob Fitzsimmons, co-founder and Managing Partner of High Road Capital Partners. “This promotion reflects Ben’s contribution to the growth and success of our portfolio companies and the firm.”
Since joining High Road, Mr. Schnakenberg has been involved with six platform acquisitions, nine add-on acquisitions and one exit. He serves as a director of Accurate Component Sales, BlueSpire, Celco Controls, Dowden Medical Communications Group, and SMB Machinery Systems.
Previously, Mr. Schnakenberg was a Senior Vice President at LaSalle Bank, now part of Bank of America, where he served as the chief of staff to LaSalle’s CEO. Prior to that, he worked in middle-market commercial lending for LaSalle and Madison Capital Funding. Mr. Schnakenberg received a BA from Valparaiso University and an MBA from the Wharton School of the University of Pennsylvania.
Earlier this month, High Road held a final closing of High Road Capital Partners Fund II, LP (Fund II). Fund II hit its hard cap and raised $320 million in total commitments, well in excess of its $200 million target and twice the size of its predecessor fund.
High Road Capital Partners invests in manufacturing, service, or value-added distribution businesses with revenues of $10 million to $100 million and EBITDAs of $3 million to $10 million. High Road was formed in 2007 and currently manages over $470 million of committed capital. High Road has completed 27 transactions, comprising 25 acquisitions – 11 platform investments, 14 add-on acquisitions – and two exits since its founding in 2007. The firm is based in New York (www.highroadcap.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 12-17-13