Soundcore Capital Partners has added another team member with the hiring of Matt DelBello as an associate on its deal origination team.
Mr. DelBello will be active at Soundcore supporting the partners of the firm in developing investment theses and building relationships with business owners.
“We are very glad to have Matt on the team. He shows industriousness, which we value greatly here at Soundcore,” said Alex Bues, a partner at Soundcore. “His relationship management, sales and marketing, and CRM experience in alternative investments, specifically in private equity, will be great assets to us as we search for high-quality companies with whom to partner.”
Before joining Soundcore, Mr. DelBello was an assistant vice president at Wellington Management, a Boston-headquartered investment management firm. Earlier, he was a sales associate at GW&K Investment Management, where he was active with the firm’s municipal bond strategies. Mr. DelBello has his undergraduate degree in business and investments from Johnson & Wales University, and his MBA from Boston College.
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 73 acquisitions across 10 platforms and focuses primarily on business and outsourced services, industrial services, specialty manufacturing, and value-added distribution.
“Over the next 12 months, Soundcore will continue growing the team significantly through the additional hires of experienced private equity professionals,” said Mr. Turner.
Soundcore has been active in 2022 expanding its team. In April, the firm added Eric Korsten, Alex Bues, and Jeff Long as partners; and in July added Jonathan Tanenbaum to its investment team as a partner.
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 | September 16, 2022
