Middle market private equity firm Harvest Partners has opened a new office in Palo Alto in order to increase its investment activity and relationships across the western United States with intermediaries, executives and limited partners.
“Harvest Partners has created a long track record of successful investments in the middle market. We believe a West Coast presence will further enhance our ability to connect with executives and business owners with whom we partner,” said Thomas Arenz, Senior Managing Director at Harvest Partners.
Harvest Partners currently manages approximately $2 billion of equity and structured capital and is investing its sixth private equity fund. Harvest targets investments in companies with $20 million to $75 million of EBITDA and total enterprise values of $100 million to $750 million. Sectors of interest include industrial & energy services; manufacturing & distribution; consumer & business services; and healthcare services. The firm was founded in 1981 and is based in New York and, with the opening of the new office, in Palo Alto as well (www.harvestpartners.com).
Andrew Schoenthal, Managing Director, who joined Harvest Partners nearly 10 years ago, will head the new office. Mr. Schoenthal has more than twenty years of middle market private equity and mergers & acquisitions experience having previously worked at Charlesbank Capital Partners, JH Whitney and Morgan Stanley between 1995 and 2005.
“We are excited to have the opportunity to expand our business and geographic reach. Andy is a great ambassador for the firm and one of our most trusted and commercial colleagues,” concluded Mr. Arenz.
© 2015 PEPD • Private Equity’s Leading News Magazine • 4-6-15