Soundcore Capital Partners has expanded its senior team with the additions of Eric Korsten, Alex Bues, and Jeff Long as partners. The three new partners will be active with all new Soundcore platform investments.
“We are thrilled to have such an impressive team of accomplished private equity executives join us and we look forward to accelerating our platform creation investment mandate,” said Jarrett Turner, the founder and managing partner of Soundcore. “Collectively, the Soundcore senior team now has over 135 years of combined industry experience, including collaborative roles working together at predecessor companies.”
Mr. Korsten joins Soundcore after more than ten years at Branford Castle Partners where most recently he was a senior managing director and member of its investment committee. Mr. Bues has led the business development effort at multiple private equity firms, including Wellspring Capital Management from 2019 to 2022, and Balance Point Capital from 2018 to 2019. Mr. Long graduated at the top of his class at West Point, was a former Army Ranger, a partner at McKinsey & Co. for over a decade and led operating teams at Vestar Capital Partners and Centerbridge Partners.
Soundcore specializes in North America-based buy-and-build investments in the lower middle-market. Target companies typically have revenues up to $150 million. Since its founding in 2015 by Jarrett Turner the firm has completed 69 acquisitions across 9 platforms and focuses primarily on the industrial services, business services, distribution and value-add manufacturing sectors.
“Soundcore Capital Partners is an exciting opportunity to work with lower middle-market companies where a little coaching and capital can help them really bend the growth curve,” said Mr. Long. “I am honored to join this talented team. We have deep, complementary experiences that will fuel the continued success of Soundcore’s thesis-driven, buy and build investment strategy.”
“I am delighted to be joining Soundcore Capital Partners, a best-in-class private equity firm known for its thorough and thoughtful approach to investing,” said Mr. Bues. “I look forward to working closely with the excellent team at Soundcore to find high-quality businesses and grow them into market leaders”.
New York City-headquartered Soundcore is currently investing from its second fund which closed in July 2018 with $350 million of capital.
© 2022 Private Equity Professional | April 20, 2022
