MPE Partners has promoted Constantine Elefter to partner. Mr. Elefter rejoined MPE’s Cleveland office as a principal in May 2021, having previously served as an associate at Morgenthaler and as a senior associate at MPE Partners from 2010 to 2013, prior to attending business school.
MPE’s partner ranks now totals six, with Mr. Elefter joining existing partners Peter Taft, Karen Tuleta, Joe Machado, Matt Yohe, and Graham Schena.
“We have been impressed with Constantine’s investment judgment and relationship development capabilities,” said Mr. Taft. “Constantine has made several meaningful contributions since rejoining MPE, most notably helping drive our successful exit of Bettcher Industries as well as co-leading our investment in Hi-Tech Industries and its subsequent merger with 3D International.”
Mr. Elefter is currently a member of the boards of directors at Hi-Tech, a Michigan-based provider of vehicle detailing and reconditioning products (May 2022); Waterfront Brands, a Minnesota-based maker of watercraft lifts and docks (July 2021); and Ideal Aluminum, a Florida-based manufacturer of residential and commercial fences, gates, and railings (July 2021).
“Constantine has a great passion for our industry and our firm’s investment strategy,” said Ms. Tuleta. “We are excited to welcome him to our leadership team in order to further extend our Midwestern presence and drive successful results for our investors.”
Mr. Elefter has his undergraduate degree in business administration from Ohio State and his MBA from Duke. Following his graduation from business school in 2015, Mr. Elefter became a vice president at Norwest Equity Partners and later a principal at The Riverside Company.
Cleveland and Boston-based MPE invests in lower middle-market companies that are valued at up to $250 million and have EBITDA of at least $5 million. Sectors of interest include high-value manufacturing and commercial and industrial services.
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