J.F. Lehman & Company has added two new professionals to its New York office with the hirings of David Ashcraft as Managing Director of Portfolio Operations, and Michael Cueter as Senior Associate.
Mr. Ashcraft will be involved in all aspects of the firm’s private equity investments with an emphasis on the operational evaluation and oversight of portfolio companies from acquisition through exit. Prior to joining J.F. Lehman, he was with Cerberus Operations and Advisory Company (COAC), the in-house operations affiliate of Cerberus Capital Management. At COAC, Mr. Ashcraft was active in providing interim management, operations improvement, strategic planning and executive mentorship. Most recently, he led COAC’s operational and strategic due diligence efforts for all potential Cerberus-led acquisitions. Earlier in his career, he worked for nearly a decade at AlixPartners where he was active in operational restructuring, corporate strategy and revenue growth across a range of industries and geographies. Mr. Ashcraft has a BBA in Finance & Economics and a BA in German from Washburn University and an MBA from Harvard Business School.
“David is an accomplished executive with a track record of operational success perfectly suited to J.F. Lehman’s investment strategy,” said Louis Mintz, Partner. “We expect our portfolio companies to benefit immensely from David’s years of experience driving growth and profitability in all types of businesses.”
Mr. Cueter joined J.F. Lehman in February 2018 after more than two years at Olympus Partners, where he served as an Associate and was active with due diligence, acquisition and oversight of the firm’s portfolio investments. Mr. Cueter began his career in investment banking at Harris Williams & Co. He has a BBA from the University of Michigan with concentrations in accounting and finance. “Mike further strengthens our transaction execution capabilities,” added Mr. Mintz. “We look forward to his contributions and believe he will be a valuable addition to our organization.”
J.F. Lehman & Company is a middle-market private equity firm focused primarily on the maritime, defense and aerospace sectors. The firm was founded in 1992 by Dr. John Lehman, who served six years as Secretary of the United States Navy. To date, J.F. Lehman has acquired 62 operating entities within 25 platform investments with an aggregate transaction value of approximately $3.1 billion. The firm is headquartered in New York with an additional office in Washington, DC (www.jflpartners.com).
© 2018 Private Equity Professional | May 9, 2018